When J.K. Rowling, the creator of Harry Potter asked Twitter users to explain Bitcoin to her, she probably never anticipated a deluge of tweets as many enthusiasts tried to explain to her what the virtual currency is.
However, at the end of the day despite hundreds of tweets, Rowling admitted that she didn’t get anywhere close to understanding what Bitcoin is.
Apparently due to the restrictions imposed due to the COVID-19 pandemic, there have been more interests in some quarters in virtual forms of money. And Bitcoin fits the need since concerns were raised that regular currencies could be a vehicle for transmission of the virus.
Influencers Not Left Out
One of the cryptocurrency influencers that joined in the bid to explain Bitcoin to Rowling was Ethereum co-founder, Vitalik Buterin who stated that Bitcoin is a virtual currency that is not backed by anything. He said that there are 18 million units and that the safety of the assets is guaranteed by a network of computers.
According to Buterin, anyone can partake in securing the Bitcoin network.
In his own response, the Tesla CEO Elon Musk described Bitcoin as “solid” when compared with government issued currencies. He highlighted that with governments and their central banks propping up fiat, Bitcoin has been made a better option.
Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet 👻 money look solid by comparison— Elon Musk (@elonmusk) May 15, 2020
“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet Ghost money look solid by comparison”
Musk is also the CEO of SpaceX, the space exploration company that is working at making space tourism cheap. It is therefore no wonder that Justin Sun, the CEO of Tron replied to his tweet with:
“I thought #Bitcoin is the currency on Mars.”
The Rowling tweet that elicited hundreds of responses and reactions seemed to have made little impact in making her understand Bitcoin. In a follow up, she wrote:
“People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)”