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Friday, July 17, 2020

COMMENTS ON BITCOIN HACK PETER SCHIFF INVITES RIDICULE

CEO of Euro Pacific Capital, commented Peter Schiff, suggested Bitcoin might be the next target after hacking some VIP Twitter accounts had been ridiculed by bitcoiner.


Seemingly enjoying the prospect of hacking bitcoin, gold bug Schiff and famous bitcoin criticism, signed his Twitter post by urging his followers to stick with gold. Schiff's criticism came after a number of popular Twitter accounts were hacked on Wednesday afternoon.

Some members of the bitcoin community immediately reacted to old enemies by pointing to Schiff's ignorance.

Dmytro Volkov, CTO at Cex.io explained that the request to transfer bitcoin, not dollars, came from the popularity, prevalence, and ease of transferring cryptocurrencies.  

In particular, Volkov questions the logic used by Schiff in his latest attack:  


  "What exactly happened? Twitter was hacked and the perpetrators were asked to transfer funds. If they asked to transfer dollars, then, following Mr. Schiff's logic, should we say that the dollar would be destroyed? At the very least, it would not be logical to link causes and effects in such a way. . "  



Volkov suggested that account hacking "is only related to Twitter infrastructure vulnerabilities" and the way people interact with it.  

There is no connection with bitcoin reliability. 

 Volkov's sentiment was shared by several Twitter users who reacted to Schiff's initial comments. One comment asks why hackers don't ask for gold. 

 Also attacking Schiff's comments was George Donnelly, Business Development Manager at Bitcoin ABC. Donnelly said the comment once again showed his ignorance. 

 "Peter Schiff, as usual, shows that he doesn't know anything about bitcoin. I want to see him send some verified gold online. You can send real and rare Bitcoin Cash online, which provides greater utility than careless Peter, if it's beautiful, gold, "Donnelly insisted.

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