With the Twitter hack yesterday, Peter Schiff took the opportunity to spread some FUD surrounding Bitcoin
In usual Peter Schiff form, he didn't miss the opportunity of a news worthy event to subtly bash bitcoin.
Though, this time it wasn't so subtle...
If you haven't heard by now, there was a massive Twitter hack yesterday where numerous high profile Twitter accounts were compromised, accounts like Kim Kardashian, Kanye West, Joe Biden, Barack Obama, as well as some major crypto exchange accounts.
Hackers took control over these high profile accounts and what did they do?
They demanded bitcoin of course!
I mean if you are going to take over the accounts of some of the highest profile people in the world, what better thing to do than try to skim some BTC out of it?!
(I'm being sarcastic as there seems to be other things they could have done that would have netted them a larger windfall, things that perhaps could move stock markets etc)
Anyways, here was Schiff's response to the hacks...
(Source: ~~~ embed:1283530732984504322) twitter metadata:UGV0ZXJTY2hpZmZ8fGh0dHBzOi8vdHdpdHRlci5jb20vUGV0ZXJTY2hpZmYvc3RhdHVzLzEyODM1MzA3MzI5ODQ1MDQzMjIpfA== ~~~
Bitcoin must be a scam and/or is next in line to be hacked!
Instead of realizing that bitcoin was simply the middleman in this ordeal and literally had nothing to do with the hack itself, Peter chose to spread some FUD about it...
Which is very typical of Mr. Schiff if you have followed him for any length of time.
He took this opportunity to throw out the idea that Twitter being hacked could somehow be a precurser to bitcoin being hacked now.
Yep, that was his line of thinking.
He Peter, hacking Twitter and hacking Bitcoin are two completely different things.
However, since you fail to realize that, let me explain a little why that is...
Bitcoin is a decentralized protocol, with thousands of nodes being operated by thousands of people located all over the world.
Everything on the network is open, transparent, and auditable.
Since bitcoin launched in 2009, there has never been a single coin stolen on the network via a hack.
Those features make the network very difficult to hack and exponentially harder to hack than something like Twitter.
Something for Peter to think about...
Remember Peter, just because diamonds are stolen, that doesn't make diamonds themselves a scam or bad.
Bitcoin was just the middleman that happened to be used in a scam, the same way cash has been for centuries, and gold before that.
Bitcoin is not going to be hacked any time soon, and it's no more a scam that diamonds, cash, or gold are.
Though in all reality, Peter probably already knows this...
He just never misses an opportunity to bash bitcoin and shill gold.
Stay informed my friends.
-Doc
Posted Using LeoFinance
The hackers had the power to manipulate the stock market by tweeting but they only demanded bitcoin. Strange.
Yep, strange indeed.
Peter is a scam, he has lost his clients money consistently during the biggest bull market in history.
Anyone investing in gold instead of the stock market has gotten obliterated over the last several decades.
The hackers should haved demanded Hive instead ;)
Ha! Now that would have been something!
GREAT ACHIVMENT ON BITCOIN, PEOPLE SOMETIMES ARE ALSO CONCERNING, THE SAME AS THE PETER SCHIFF, I HOPE YOU ARE ALWAYS CONVICTING BITCOIN PROGRESS. INTERESTING NEWS. GOOD, YOU ARE ALWAYS HEALTHY
I am sure exactly what you are saying here, but it sounds positive, so thanks!
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Peter Schiff is one of the biggest charlatans out there. He is a complete joke and it is amazing anyone listens to him.
Maybe some people should start tweeting his wonderful calls like Gold to $5,000 when it was at $1,700 an ounce.
https://www.cnbc.com/video/2012/10/25/peter-schiff-gold-to-5000-in-two-years.html
Posted Using LeoFinance
Yep, it's amazing he still gets the airtime he does. Though his bashing of bitcoin has revived his career of sorts actually.
lol he tried to make it look like Bitcoin itself was hacked XD
Smooth brain logic, if BTC was hacked it wouldn't be worth anything so why bother to have people give it away for free. lol
Yep, it was a shameless attempt to spread FUD and shill gold.
Wow, I think he knows but he's pandering to his geriatric home base.
Yep, I think so too. He secretly loves bitcoin because it has allowed him to stay relevant when he otherwise wouldn't have been.