Elon Musk tweeted on Ethereum and boosted extreme controversy

12.07.18 16:53
Cryptocurrency

Elon Musk, who is one of the top businessmen in the world and the genius CEO of Tesla, SpaceX, and Neuralink, seems to show a kind of an interest in blockchain. On July, 8, Musk issued a tweet that says that he’s amazed by the performance of Ethereum scambots. Ethereum is a cryptocurrencies platform that is available to anyone and was primarily designed for establishing the Ether (ETH) currency. The shown interest of Elon Musk in the platform is definitely prompting us to recognize the growth of attention to digital economy.

It was a response to @IAmJohnMcMahon

In his tweet, a user with a nickname “IAmJohnMcMahon” joked that a person who asked Elon Musk to send some BTC to him is his new idol. The SpaceX’s CEO responded to that tweet and this was the turning point of the story. According to Musk’s previous tweets, he owned “zero cryptocurrency” in February, 2018, excluding 0.25 BTC that one of his friends has sent to him. Since that time, Elon Musk is supposed to be more into Digital Economy and is expected to be totally interested in the field.

Vitalik Buterin’s response and the story behind the tweets

Vitalik Buterin, who is the founder of Ethereum, responded to Musk’s tweet and stated that it was sad to hear that Elon’s first words about ETH are in such a negative tone. Buterin feels sad since his platform was addressed because of the scam bots and not the amazing tech solution that stands behind it.

Cryptocurrencies machinations on Twitter

The argument’s reason lies in recent operations that were conducted by fake accounts and made users to donate their money. Those accounts were created mostly in Twitter and sometimes even were marked as reviewed ones with a special sign on the right side. According to The Washington Post, Twitter deleted more than 70 million of its accounts in order to solve the problem of those financial frauds.

Elon Musk and Cryptocurrencies before the issue

In past, Elon Musk didn’t seem to be much into crypto economy. In February, 2018, he said that he owns zero cryptocurrency. The source of this fact is Musk himself so that this information cannot be somehow verified. In March, 2018, Elon Musk was pictured handling a book called Cryptocurrencies Simply Explained. The book is written by Julian Hosp and is aimed to give an introduction to the terms of blockchain, cryptocurrencies, tokens, ICOs, and bitcoins. From this point, Musk was expected to increase his interest in blockchain significantly.

Impacts on the community

The community of those involved or interested in the cryptocurrencies is curious about what would be the outcomes of Musk’s growing interest. Since even such famous person is interested in Digital Economy, it is definitely going to spread wider and become more accessible to everyone. Elon Musk, being an embodiment of Science and Tech of our era, is moving towards a cryptocurrencies field with a keen interest and this interest makes his fans all around the globe to act in the same way.

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