Even though the Craig Wright-Calvin Ayre fiasco hasn’t quite ended, crypto Twitter has found itself in another mess which has put the ethos of cryptocurrency and Twitters ToS at stake. The user of “@Bitcoin”, a Twitter account that represents Bitcoin, is at the centre of this mess.
The @Bitcoin account was allegedly found promoting/shilling Bitcoin Cash according to some users, including Peter McCormack, Whale Panda, and Jimmy Song, among others, which didn’t sit well with others. Jack Dorsey, a Bitcoin supporter and the CEO of Twitter, might be inclined to suspend/ban the account yet again as people are alleging that the account was sold, which goes against Twitter’s ToS [Terms of Service].
The screen grab below shows the reply from Twitter CEO on the same:
This has divided the crypto community into people who are against @Bitcoin and people who support him/her/them. The people who support the handle believe that the account wasn’t “sold” and that suspending/banning it would amount to censorship.
Peter McCormack and others expressed their opinion on this matter through their tweets.
1. You’re a moron because you keep misrepresenting things I’ve said. I’ve never said it will never have 1 billion users, I said I don’t think it will have 1 billion users in 25 years.
— Dr. Peter McCormack (@PeterMcCormack) April 21, 2019
Whale Panda also stated:
“The @Bitcoin twitter account should be suspended like the @internet account.
The account was sold which is against ToS.
The account is actively involved with defrauding people. It really is that simple.”
However, @Bitcoin expressed its opinion as well and tweeted:
Last week: "How dare people resort to strong-arm tactics to silence @hodlonaut? This is against the spirit of crypto!"
— Bitcoin (@Bitcoin) April 20, 2019
He also added:
“Unlike most “Bitcoin” accounts, I exclusively tweet about the two most popular versions of Bitcoin, BTC & BCH. I categorically ignore “crypto”, “blockchain tech,” and ICOs. People aren’t mad at me because I don’t tweet about Bitcoin, they’re mad because I say the wrong things.”
This has caused the supporters of @Bitcoin to start a hashtag “WeAreAllBitcoin”, much like the hashtag started in support of Hodlonaut “WeAreAllHodlonaut”. The decision from Twitter has not yet been announced, however, Jimmy Song’s poll on the matter showed that 55% of the users voted to suspend the account in question.
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HitBTC responds to allegations of insolvency, refutes claims made by Redditors
HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.
To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.
Referring to the BitcoinExchangeGuide article, HitBTC responded:
“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”
Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.
@ProofofResearch replied to HitBTC’s blog:
“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”
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