Peter Schiff Falls Victim to Crypto Twitter Troll

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Thu, 05/21/2020 - 17:13
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Alex Dovbnya
Crypto Twitter excels its trolling game by making Peter Schiff debate about Bitcoin and gold with a bogus J. K. Rowling account (he didn’t seem to care)
Peter Schiff Falls Victim to Crypto Twitter Troll
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After the viral Bitcoin tweet posted by J. K. Rowling, it seems like the whole crypto was suddenly under the Confundus spell, which was used in the Harry Potter universe to bewilder your target.

Peter Schiff, the CEO of Euro Pacific Capital, also fell victim to the charm as he apparently tried to argue with a fake Rowling account about the intrinsic value of Bitcoin.     

Rowling takes over Bitcoin Twitter

The gold bug trotted out the tired argument about gold being used to make jewelry (as opposed to Bitcoin, which is just a piece of computer code).

Little did he know that he replied to a Twitter account that belongs to pseudonymous crypto trader and analyst BitLord who impersonated Rowling to troll Schiff. 

The gold proponent chose to have another tiff with members of the cryptocurrency community instead of checking whether he was replying to the legitimate account.

Coinbase CEO Brian Armstrong also had his facepalm moment after trying to convince another bogus Rowling to open an account with his exchange.
 

Bitcoiners get back at Schiff

The fact that crypto proponents gloated over Schiff’s failure shouldn’t come as a surprise.

Schiff is known as one of the biggest detractors of Bitcoin who calls it a ‘fraud’ and routinely predicts its inevitable demise. 

Back in January, Schiff was ridiculed for losing access to his crypto wallet (and exposing his lack of fundamental knowledge about Bitcoin).   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)