IOTA defenders say news tweets spread FUD

IOTA defenders say news tweets spread FUD

It’s one thing to stand behind your beliefs; it’s something completely different to hold onto them so tightly that you’re ready to pounce anytime someone even whispers a comment that’s out of sync. However, that is exactly what is going on with the IOTA community, which immediately cries foul anytime a blurb, a tweet or a comment is posted that doesn’t espouse the supposed endless virtues of the digital currency.

IOTA is a distributed ledger technology and cryptocurrency designed for the Internet of Things (IoT). It is repeatedly in the news, and lately there have been a number of online harassment allegations against the group. One individual, a reporter for Forbes, was apparently told that “she needs to be slapped” by IOTA Foundation board of directors’ member Dominik Schiener for reporting about the security flaws in the cryptocurrency uncovered in an MIT research.

Jemima Kelly, who writes for the Financial Times (FT), said that IOTA followers are obsessed with controlling any information that is published about the group. In an article she wrote on the FT website, Kelly said, “IOTA talks a lot about FUD (fear, uncertainty and doubt), a term adopted by the crypto community to refer to critical commentary. The acronym might also reasonably be applied to its own approach to dealing with critics.”

Kelly added that IOTA’s tactics have resulted in certain individuals being too scared to speak out. She contacted several people for comments for her story, and two declined. One was concerned about being physically harmed if identified as the person in the story. An individual who agreed to comment, Post Oak Labs’ Tim Swanson, indicated that he had retweeted a story that was critical of IOTA, but later removed it because he had been intimidated by a “senior person from the IOTA team.”

Now, IOTA’s fan base automatically calls out any piece that doesn’t paint IOTA is the best cryptocurrency ever for doing nothing more than spreading FUD. Evidence is found on Tangleblog’s Twitter feed – one example found on Tangleblog called out Zcash’s founder, Zooko, for spreading FID because he tweeted a link to Kelly’s FT article. The blog’s author went further, whining about Grayscale Investments because it liked Zooko’s tweet.

IOTA and its “troll army,” as it has become known, has pushed for boycotts against organizations such as Bitcoin.com, Coindesk, The Next Web and many, many more. Anyone who doesn’t bow down and pray to IOTA is seen as an enemy, and the troll army is all too ready with the swords to launch their attacks.

The attacks follow a predictable pattern. First, there’s the Twitter response. An article’s author can expect to receive veiled threats soon after publishing a story, and will be told to stop the spread of FUD. If that doesn’t work, the army goes into high gear.

After that, the comments section of the article will receive numerous complaints. These are virtually all the same copied-and-pasted text, showing the lack of creativity on the army’s part. The soldiers may complain that the article demonstrates fear of IOTA’s superiority, or they might go directly after the author, using anything from his or her past as artillery to disparage the individual.

This article hasn’t exactly put IOTA in the best of lights. I guess it’s my turn to feel the wrath, to which I can only say one thing—bring it on.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Vertcoin joins growing list of hijacked Twitter crypto accounts

Vertcoin joins growing list of hijacked Twitter crypto accounts

It appears that the cryptocurrency market continues to be compromised by scammers and fraudsters at every turn with the latest victim being Vertcoin.

At around 20:00 UTC on Tuesday, the @Vertcoin account tweeted that its developers were “doing a 10 BTC giveaway” to its followers. The now deleted tweet asked users to send 0.005 BTC to a specific address to enter what was clearly a scam contest.

Hey, everyone! Vertcoin and staff are pleased to announce that we’re doing a 10 BTC giveaway to our followers to celebrate Vertcoin’s success. Send 0.005 to 3HU5sj7kB6wT9zRwpbhCRrR28vKWjfkMKf enter! Winner will be announced 5/3/18 at 8pm EST. — Vertcoin (@Vertcoin) May 1, 2018

The tweet immediately caused considerable consternation amongst community members who are known to be very loyal and were instantly suspicious. The tweet was very similar to several scams involving cryptocurrency giveaways that have invaded the Twitter space for the past several months. These are giving an extremely bad name to the cryptocurrency world, which is still seen as an unsafe haven for prospective investors who are looking to bite the bullet.

The tweet was confirmed as a scam when Vertcoin’s lead developer James Lovejoy tweeted from his personal account confirming the hack and that the company’s Twitter account had been compromised. Lovejoy called on all users not to accept any giveaways confirming that they were all fake.

The scammer’s operation was not much of a success, however. At the time of writing, the BTC address had received less than 0.007 BTC, which translates into a pathetically low $61. Only one transaction of 0.005 BTC went through with just one user falling victim to the scam. The tweet still remained online as at 21:54UTC however there were no more posts from the scammer. It is unknown whether any private messages were sent from the compromised account.

Unfortunately for Twitter and the cryptocurrency world in general, scams have run riot on the platform in recent months. This despite Twitter CEO Jack Dorsey’s pledges that the company is working assiduously to get them removed. It actually contributed to the problem some weeks back when it verified a scam Verge account which caused havoc on the platform. The scammers typically use false accounts to imitate well known industry figures and companies formulating replies to official account tweets, which, in turn, attempts to trick gullible users to send cryptocurrency.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Fake Twitter profile busted for imitating official crypto accounts

Fake Twitter profile busted for imitating official crypto accounts

The old saying goes, “Imitation is the sincerest form of flattery.” This might be true in some cases, but it’s not always appreciated. A Twitter profile that has been busted for mimicking not just one, but six different accounts. While it’s still not known who is behind the deeds, it should only be a matter of time before the mask is ripped off.

On Twitter, verified accounts are denoted by a blue checkmark, worn like a badge on the profile. An article published on Wednesday by The Next Web, however, showed that the system is seriously flawed. It started with an innocuous account, that of independent film producer and director Seif Elsbei. Elsbei’s Twitter account, @seifsbei, prominently displays the blue badge, and was determined to be posing as the official Verge cryptocurrency account. Having nothing to do with crypto, it was rather odd that posts began appearing by the @seifsbei account that seemed to be promoting the altcoin.

As it turns out, Elsbei’s account had been the target of hackers and, due to the fact that verified accounts can change their handle on the fly, his profile became the @vergecurrency account. After gaining access to the account, the hacker or hackers could easily manipulate it to be identified as any other Twitter user.

After spending a little time as Verge, the account then transformed to become Bitfinex. Seeing an odd pattern of tweets from the account, the Twitter world did a little digging and was able to trace four other copycat accounts to the same hacked profile. Before the Verge and Bitfinex imitations, Elsbei’s profile had been used as a Bittrex profile and even that of Ethereum’s Vitalik Buterin. Additionally, evidence popped up showing that the profile had emulated the @bitcoin and the Tron project accounts.

Digging a little deeper it was also revealed that Elsbei’s account was tweeting almost solely in Arabic before the beginning of this week, a possible clue to the origin of the hackers. Elsbei confirmed through his Facebook profile that he had, indeed, been the target of a hack, and that he was working with Twitter to try and put everything back in order.

CoinDesk attempted to make contact with the hacker, but didn’t get a response. As of now, the account has a name of “.” and has gone silent. It doesn’t appear that any real damage was done, but some lowlife certainly seems to have a lot of time on his hands, and not much common sense.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Twitter bans @Bitcoin

‘I’m back, Jack’: @Bitcoin returns after Twitter ban

There’s a war going on. This one doesn’t use conventional weapons of warfare, however, but does use a weapon that has proved to be immensely more powerful—Twitter. For the second time this year, Twitter has suspended the @Bitcoin account for “violating Twitter rules.”

Cryptocurrency enthusiast and Bitcoin Cash supporter Roger Ver was one of the first to bring the latest suspension to the front lines, calling it the death of free speech in a Twitter post. There now have been numerous threads on Twitter, Reddit and other social media sites discussing who did what and why. The debate over free speech, unfortunately, doesn’t carry much weight with a private company such as Twitter.

There was no indication on what rules were actually violated, but there have been plenty of suppositions floating around. Some claim that the account had previously been “hijacked” to promote Bitcoin Cash (BCH). This was due to the repeated tweets extolling the virtues of the popular cryptocurrency. Others have argued that the account was rented out to a BCH user, which is in violation of Twitter’s Terms and Conditions.

The fight involves BCH and SegWit-Coin BTC (otherwise known as Bitcoin Legacy or Core), and the struggle over which most closely resembles what Satoshi Nakamoto had in mind when he brought cryptocurrency to life with his 2009 white paper. It’s a highly polarizing subject with two clear camps, one supporting SegWit-Coin BTC and the other supporting BCH. Proponents of the SegWit-Coin BTC changed the technology, making it no longer Bitcoin as intended by the Satoshi white paper—and yet insisted on keeping the name while also censoring others who want to keep Bitcoin  in its true form alive.

The @Bitcoin account was suspended in January of this year for a few days. After that suspension, just like with the current one, BTC supporters and their paid troll army have been going to extreme measures to push their agenda. BCH proponents argue that the zealots have created an army of bots that worked in tandem to report the Twitter account to have it banned. It has previously accused Twitter of automatically suspending accounts without any human interaction to verify the complaints.

After 36 hours, it appears that the @Bitcoin account has been returned to its original owner and Twitter has been “slowly reinstating” some of the account’s followers.

One thing is certain in this war,  and that is the one true Bitcoin—Bitcoin Cash—will prevail even amid the acts of fraud committed on the world by Blockstream and Core dev teams. BCH is the superior technology and the only one that offers massive on-chain scaling as well as the safe, immediate and low cost transactions that come with this. Only Bitcoin in its true form can create the economic freedom that allows the unbanked of the world to improve their lives and facilities the Internet of Things (machine to machine bComm). Attempts to interfere with this is not only unethical,  and shows the moral position of Blockstream and its cronies.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/im-back-bitcoin-returns-after-twitter-ban/

John McAfee will tweet about your crypto project—for $105

John McAfee will tweet about your crypto project—for $105,000

After promising to eat his private parts live on TV if the price of legacy Bitcoin (BTC) doesn’t reach $1 million (something which appears to be pure fantasy at the moment), John McAfee has now come up with another brilliant scheme to make money out of the cryptocurrency space. According to his website, the computer programmer and entrepreneur is going to start charging $105,000 per tweet to promote cryptocurrencies and initial coin offerings (ICOs).

The introduction is already extremely bold. “Within the cryptocurrency industry, nothing can match the power of a McAfee tweet. Frequently, a single tweet has resulted in more than a million dollars of investment into an ICO, and multiple currencies have increased more than 100% in price from a single tweet.”

The pitch continues to state that McAfee has no less than 810,000 direct followers on Twitter and these tweets would be able to reach out to the several million crypto followers. This is backed by analytics, according to the website blurb. It continues to state that his Twitter feed is jam packed with comments focusing on exchanges, media servers which have actually crashed due to the huge volume of users that are directed to the site by one of those McAfee tweets.

“John McAfee’s tweets are by far the most influential in the field of cryptocurrency. Over 50,000 of his followers answered a series of polls about their investments and use of cryptocurrencies,” the McAfee crypto team stated.

Based on statistics, the team said 737,000 of McAfee’s followers buy or sell cryptocurrencies at least once a month, while 154,000 buy or sell digital currencies daily. Also, 380,000 of McAfee’s followers have more than 25% of their total assets stored in cryptocurrencies; 259,000 have more than 50% of their total assets in cryptocurrencies; 518,000 have more than $3,000 already invested in cryptocurrencies; and 224,000 have over $20,000 invested in cryptocurrencies. This last group alone represents, at a minimum, $4.48 billion in crypto investments, according to the team.

So what about the price for using one of those magic Mcafee tweets? McAfee’s team said each individual tweet will cost no less than a staggering $105,000. Additionally, unless there are special situations, no more than seven tweets per promotion will be sent out. That means that at maximum, it’s almost three quarters of a million dollars to promote your ICO or crypto deal. There are also a few testimonials on the site with young happy CEO’s touting the marketing power of McAfee.

A word of warning, though: the McAfee team said it turns down “over 99% of all companies” wanting to buy its services.

“The reason is that only products and services that Mr. McAfee truly believes in will be promoted. These are products or services that Mr. McAfee has personally purchased or used and is pleased enough with to engage in promotions, or ICOs whose white paper describes a vision in line with Mr. McAfee’s vision and the company producing it has passed our thorough audit,” according to the website.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/john-mcafee-will-tweet-crypto-project-105000/

Don't be surprised

Don’t be surprised, Twitter begins cryptocurrency ad ban

The rumors were true after all: Twitter has started banning cryptocurrency-related advertisements on its platform, too.

On Tuesday, the app became the latest social media network to clamp down on advertisements that promote potential fraud or cause large investor losses in the long run, Reuters reported. The new policy will cover ads on initial coin offerings (ICOs) and token sales, as well as promotions made by cryptocurrency exchanges and wallet providers who are not listed on major stock markets.

In Japan, advertisements made by cryptocurrency exchanges that are not recognized by the Financial Services Agency (FSA) will be banned on Twitter, the San Francisco company told Reuters.

A Twitter spokesperson confirmed to CNBC that “the advertisement of initial coin offerings (ICOs) and token sales will be prohibited globally” under the new policy.

Reports that Twitter is banning cryptocurrency-related advertisements surfaced last week, following in the footsteps of social media giant Facebook and tech giant Google. Early this month, Twitter said it has started implementing measures to prevent cryptocurrency accounts from “engaging with others in a deceptive manner.”

Facebook announced several weeks ago that it would ban all cryptocurrency advertising in order to restrict the number of misleading promotions, especially ICO-related advertisements. Google also confirmed that it would start banning all advertising for cryptocurrencies on its sites, including YouTube, starting June.

Also joining the crackdown on ICO promotions is Snapchat, which announced last week that it has forbidden all ICO-related ads      on the social media app. Snapchat’s parent company, Snap Inc., has been restricting advertisements that promote cryptocurrency token sales since February, although the ban doesn’t apply to other types of cryptocurrency ads.

In an interview with Reuters, Zennon Kapron, director of financial consultancy Kapronasia, said it’s now “an impossible task for anyone… to keep on top of which ICOs and cryptocurrencies are genuine versus frauds.”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/dont-surprised-twitter-begins-cryptocurrency-ad-ban/

Twitter CEO expects Bitcoin to be world's 'single currency' in 10 years

Twitter CEO expects Bitcoin to be world’s ‘single currency’ in 10 years

With cryptocurencies like Bitcoin a consistent hot topic on everyone’s lips it appears that Twitter CEO Jack Dorsey is confident that it could become the world’s major currency over a ten-year period. Dorsey was speaking to UK’s Times newspaper whilst being in London promoting his latest venture, Square.

In his interview, Dorsey said the internet and the rest of the world “ultimately will have a single currency,” and he “personally believe[s] that it will be Bitcoin.” The Twitter executive went on to say that the transition would happen “probably over ten years, but it could go faster.”

The fact that Dorsey is a fan of cryptocurrency is not so out of this world though. The digital entrepreneur, who heads the phenomenally popular messaging service Twitter, is also the CEO of Square, which is rapidly growing as a company. Recently, Square introduced the option to trade in legacy Bitcoin (BTC) directly and this has led to vastly increased business for the company.

Dorsey was also on record in an earlier interview with the Verge stating that Bitcoin could be unlocking the world of finance in a big way in the not too distant future. However, the Twitter executive needs to get one thing right: Bitcoin Cash is the true remaining Bitcoin as envisioned in the original Satoshi Nakamoto white paper. The BTC chain may have inherited the name “BTC” largely due to history, but it is Bitcoin Cash that much more closely resembles the Bitcoin that sparked the entire digital currency boom.

At present, BTC is trading in the $8,700 mark but analysts are predicting a considerable rise on the horizon. As usual, such things need to be taken with a healthy dose of scepticism considering the recent fall in the price of BTC, which even dropped to $6,500 in February. Bitcoin Cash, on the other hand, is trading in the $1,000 level.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Twitter drops the axe on Bitcoin Cash accounts

Twitter drops the axe on Bitcoin Cash accounts, but it’s not what it seems

Twitter has recently reported that it will follow Google and Facebook in banning advertisements that promote cryptocurrencies. The trio’s move is designed to stop deceptive crypto scams and protect consumers. Twitter has also begun to specifically target Bitcoin Cash (BCH) accounts with no warning and with no explanation.

Some BCH accounts have been restricted, suspended or completely banned by the bird and, while there has been no official—or logical—explanation from Twitter, there is one popular theory regarding the action taken against the BCH accounts. Supporters of legacy Bitcoin (BTC), also known as SegWit Core, may be behind the activity, using a significant amount of bots to report the accounts.

This isn’t just a conspiracy theory, either. Some pieces of evidence exist to back up the claim. For instance, @Bitcoin account was recently suspended by Twitter, despite having a million followers and a positive track record. The account eventually was put back up; however, it became highly plausible to think that Core supporters had worked in sync to have the account suspended.

An alternative theory is raised about the possible source of the account suspensions. Is it possible that the U.S. Federal Bureau of Investigation (FBI) could be behind the malevolent acts?  An as-of-yet unconfirmed post on the popular forum website 4chan has a lot of people wondering. According to a TrustNodes report, a poster left a message saying that he works for Google, and that he’s part of a team working on the creation of bots to inject propaganda into Twitter. The poster claimed Google is behind the spate of tweets that have accused Russia of doing precisely what the Google team is doing. Based on the FBI’s strong-arm tactics in convincing Google to ban crypto ads, it’s feasible to make the connection.

Whether or not the theories have validity is difficult to ascertain. However, putting the pieces together, it’s certainly easy to see how the removal of BCH accounts could be the result of malicious intervention. Regardless of the source of the negative action, there is no reason that doesn’t arrive at censorship, and Twitter needs to take a more proactive approach to ensuring that the community remains free to share and discuss ideas, regardless of whether or not they go against popular culture.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper. Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.