Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on July 22, 2020, 07:01:34 PM
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The recent Twitter hack has placed the words “Bitcoin” and “scam” in one headline again, though Bitcoin has nothing to do with it.
Bitcoin (BTC) has made global headlines again because of the recent Twitter hack, but this time, we need to work harder to protect Bitcoin’s integrity and the progress the industry has made.
The coordinated social engineering attack compromised the Twitter accounts of high-profile figures and organizations like Microsoft co-founder Bill Gates, Tesla founder Elon Musk, Amazon owner Jeff Bezos, former United States President Barack Obama and 2020 U.S. presidential candidate Joe Biden, among many others, to ask for Bitcoin in fake “giveaway” posts.
When the story broke, the New York Times, BBC and other mainstream media outlets were quick to label the incident a “Bitcoin scam” or “crypto scam.”
To have “Bitcoin” and “scam” used in the same breath in the global media may feel like all the work that’s gone into building trust for this revolutionary technology since its creation in 2009 has been for nothing.
This is even more reason why companies and their communication teams must turn the publicity Bitcoin is getting now into a positive for the industry.
https://cointelegraph.com/news/defending-bitcoins-integrity-in-the-great-twitter-hack
(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zNTZjYmY1NjhmMWVjMjA0NDU0NzlmYWNhYzBlYzExZi5qcGc=.jpg)
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I understand the point and it is because those many scams that involved the dollars (or any fiat money for that matter) are not really called and labeled as Dollar Scam. With those scams using Bitcoin, it is different. And it can be because people wanted to make a story and they are just looking to make the story more attention-getting, part of the marketing strategy anyway. At any rate, am sure that many people are now educated on what Bitcoin means.