- After the recent Bitcoin Twitter scam, many people have said that digital assets are a significant threat to the financial system.
- Bitcoiners took to Twitter to say that BTC isn’t the enemy, but centralization is.
Following the recent Bitcoin Twitter scam, many people have taken the social media platform to say that digital assets are a major threat to the financial system and do not guarantee the security level that the users claim they do.
Multiple mainstream news sources went as far as to say that Bitcoin itself is a scam. However, Bitcoiners remain adamant that Bitcoin isn’t the enemy, centralization is. Tom Emmer, the Congressman for Minnesota’s 6th district, tweeted:
Dan Held, the Business Director at Kraken, also chimed in stating that Bitcoin has never been hacked. Vitalik Buterin, the co-founder of Ethereum, also commented on the issue. In response to Twitter’s breakdown of how hackers infiltrated the space, Vitalik Buterin mockingly said that “centralized backdoors help keep society safe.”
In a subsequent tweet, Buterin said that what happened is incomparable to the possible damage that could’ve occurred if the hackers had an entirely different motive.
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