Harry Potter author JK Rowling was inundated with bitcoin ideas and explanations about cryptocurrencies when she tweeted and asked someone. explain what bitcoin was. Tesla CEO Elon Musk was among those who tried to explain Bitcoin to Rowling. He thinks bitcoin is "solid" compared to the government's fiat money.
JK Rowling wants to understand Bitcoin
British author J.K. Rowling, famous for writing the Harry Potter book series, tweeted Friday: "I don't understand bitcoin. Explain it to me." His request, which had been retweeted some 2,400 times and which had been appreciated 9,400 times at the time of writing, received tons of responses from the crypto industry. Rowling's Harry Potter series has sold over 500 million copies and has been adapted into a movie franchise.
The comments immediately flooded the Twitter thread after Rowling tweeted when crypto lovers took advantage of this unique opportunity to explain bitcoin and cryptocurrency to the famous author and his 14.6 million followers. Some people provided their own explanations, while others were linked to well-known books, books or articles online. Several people have even made personalized videos to explain Bitcoin and its benefits to you.
Related Downloads:
Among the people who responded to Rowling's request was Ethereum founder Vitalik Buterin. He described: "It is a digital currency. There are about 18 million units. It is not supported by anything, it is only valuable because it it is, as collectibles … There is a network of computers (which anyone can join) which maintains a decentralized global Excel spreadsheet of the number of currencies each person has ". Noting that "people find it interesting because there is no central authority that controls this network, so there is not a single group of people who can go to broadcast more units to friends or manipulate their rules for political reasons, "said Buterin. :
Essentially global digital payments, plus retention of title in gold, all with 21st century cryptography technology to keep everything safe.
The Twitter account Gemini, the New York-based cryptocurrency exchange founded by the Winklevoss twins, tweeted: "Contrary to popular belief, bitcoin is not magic money" "". There was also a discussion about Bitcoin fixes and Bitcoin developer Jimmy Song briefly stated:
Money is broken Bitcoin is the solution.
The song included a link to "The Little Bitcoin Book: Why Bitcoin is Important to Your Freedom, Your Finances and Your Future" on Amazon. Some people saw Rowling's request as an opportunity to promote their work, such as The Bitcoin Standard author Saifedean Ammous, who told Rowling that he would be "happy to send him a copy of my book. JK ".
Tron founder Justin Sun quickly proposed 1 BTC to Rowling: "I can send you 1 bitcoin. See it is believe … Imagine a magic coin (bitcoin) that Dumbledore does not understand (like Warren Buffett), but Harry Potter is fascinated by that." Sun and a small group of people in the crypto industry recently had lunch with Berkshire CEO Hathaway after earning him $ 4.57 million in charity. The founder of Tron also gifted Buffett 1 BTC but the billionaire passed it on to a charity. It was also recently announced that Sun had received a $ 2 million grant from the US government's paycheck protection program. The United States, which is part of the coronavirus recovery plan that President Donald Trump adopted in March.
Here are other examples of Rowling's responses: "Bitcoin is like fire insurance you would buy for your home, but instead of your burning house, it is the economic and government systems around the world" and " Imagine that there is something that it doesn't really exist, it exists. It's Bitcoin. "Some have explained that bitcoin is" digital money that cannot be manipulated. It does not require the banks to send it. Bitcoin has a finite supply, so it is not subject to inflation like $ / £ "and" Imagine that money is like alcohol. Every day it prints more and more, so it constantly dilutes the alcohol. Bitcoin is like the purest form of alcohol that can never be diluted. You can enjoy the same flavor 5, 10 or 100 years later. "A Twitter user wrote:
Bitcoin is designed to eliminate the need for trust. It is supported by advanced mathematics, you will not understand it.
JK Rowling still confused about Bitcoin, Elon Musk explained that Bitcoin is "solid"
After many people tried to explain Bitcoin to Rowling, she was still confused. "God bless you now explicitly explain Bitcoin as if I understand it if you break it down correctly. Things like that are white noise to me," Rowling admitted. "I can't and will never understand Bitcoin, but I like you to think I can. Or I will."
Among those who attempted to explain the concept of bitcoin and cryptocurrency to Rowling was Elon Musk. Tesla and Spacex CEO wrote: "The massive issuance of currencies by government central banks makes Bitcoin's internet money look solid in comparison." He added: "By the way, I still have 0.25 bitcoins". Musk recently criticized the US government's stimulus packages. United States And he was also criticized when he said that Tesla's share price was "too high", which immediately lowered it.
Paxful CEO Ray Youssef intervened. He wrote: "It is true that Ms. Rowling's bitcoin does not add value to her life. However, it can add value to those around her and who help her with services. A lot of them send money home and the bitcoin used for P2P can save them a lot of time and money. "
Some people believe that Rowling was upset that he had not opted for bitcoin when its price was lower. Ivan on Tech speculated: "Maybe JK Rowling is jealous of not buying bitcoin early enough and missing huge profits … Now she's trying to spread FUD to recover the price."
Rowling later admitted: "It started as a joke, but now I'm afraid I can never connect to Twitter again without someone getting angry because I don't have Bitcoin." One day you will see an old woman wither in the street, trying to exchange a Harry Potter book for a potato. Be kind. She tried to understand. She noted that she was "almost able to understand a barter system". Talk about collectibles, tokenomics and blockchains and my brain is wandering around. "The famous author said:
I am sure that cryptocurrencies are fascinating. I really tried to capture the very detailed information that was sent to me this evening (people close to me understand this and have tried to explain it when I'm sober), but I'm afraid that it's a total blind spot for me.
Does JK Rowling own Bitcoin right now?
After several tumultuous hours of tweets in response to the Harry Potter author's quest to understand Bitcoin, JK Rowling's fake Twitter accounts began to actively engage in the discussion.
A tweet from an account pretending to be Rowling says: "Ok Ok Ok. You win. I just bought my first bitcoin." Since then, this tweet was deleted, but not before many people saw it, including Rowling herself, who admitted that a "fake JK Rowling account had made a purchase of bitcoins. ".
While most people simply ignored the fake account, Coinbase CEO Brian Armstrong responded seriously. "Welcome to cryptography," wrote Armstrong. "Get a Coinbase account when you're ready to use this bitcoin (not just keep it), and enter one of the many other cryptos." Rowling confirmed on Saturday morning:
In case I haven't effectively demonstrated my ignorance between last night and this morning, I don't own Bitcoin.
Marcus Swanepoel, CEO of crypto exchange Luno, noted that "this is a good reminder to all of us about the work that remains to be done to educate bitcoin … People can criticize JK Rowling for anything they want but 1. she makes a 2. A real effort to understand and 2. is a good representative of the general population.
Several people in the crypto space have created bitcoin explanatory videos for Rowling. Girl Gone Crypto, for example, made a Harry Potter-themed video specifically for Rowling called "Bitcoin Muggle Guide". Ethereum, co-founder and creator of Cardano Charles Hoskinson, made a YouTube video called "What is Bitcoin for JK Rowling" and urged others to make a similar effort to explain the concept of cryptocurrency to those who might be interested in learning more. Bitcoin.com also offers a wide range of Educational resources for anyone who wants to know more about bitcoin and bitcoin cash.
Whether JK Rowling decides to buy bitcoin or not, the crypto community has seen its quest to understand bitcoin as a great unit of consciousness for bitcoin and other cryptocurrencies. At a minimum, he has repeatedly tweeted his 14.6 million Twitter followers about bitcoin.
What do you think of JK Rowling's attempt to understand bitcoin? Let us know in the comment section.
Image credits: Shutterstock, Pixabay, Wiki Commons, Twitter
Warning: This article is for informational purposes only. This is not a direct offer or request for a buy or sell offer, nor is it a recommendation or approval of a product, service, or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or dependence of any content, goods or services mentioned in this article .
Read the warning
Table of Contents Download