If you’ve been following crypto news stories this week, then you’ve probably stumbled across a few articles warning people about the latest scams on Twitter. Con artists are impersonating important figures like tech mogul, Elon Musk and Ethereum founder, Vitalik Buterin. The problem has reached a level where some noteworthy figures are changing their names on the platform, such as Vitalik’s recent name change, to Vitalik “No I’m not giving away ETH” Buterin.
No, I’m not giving away ETH.
— Vitalik “No I’m not giving away ETH” Buterin (@VitalikButerin) March 4, 2018
These sorts of scams have been around since the Internet became a thing, and famous princes in Africa promised you millions of dollars in riches in exchange for opening a modest account in their name with just a few thousand dollars in it. While it is important to be aware of the many shady techniques used to take your money, this topic has been covered ad nauseum, and we often wonder which public figures are actually getting into cryptocurrency development.
For what it’s worth, Steven Seagal did become the ambassador for Bitcoiin (with an intentional double-“I”). While we respect his skills as a zen master, and as an actor in shoot ‘em up movies like Under Siege and Above the Law, we just can’t get as excited about his role promoting a digital currency as we would if someone like Elon Musk were to start his own coin.
From Team Seagal
Steven has just become the worldwide ambassador for the Bitcoiin 2nd Generation crypto currency. Press Release https://t.co/aY13wDCbzh
More to Follow
Love and Peace
— Steven Seagal (@sseagalofficial) February 20, 2018
The unfortunate news is that Elon Musk claims to own very little cryptocurrency, despite rumors that a member of his team is the real Satoshi Nakamoto. Of course, “very little” in billionaire terms equates to about 0.25 BTC that was gifted to him by a friend.
Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.
— Elon Musk (@elonmusk) February 22, 2018
We would expect that someone like Musk would have a huge digital currency stash, particularly if he were interested in developing a project of his own. But here’s what we do know: Elon Musk was spotted reading Crypto Currencies – Bitcoin, Ethereum, Blockchain, ICO’s & Co. simply explained, by Dr. Julian Hosp. This is a relatively basic book that appears to be a great primer for people new to cryptocurrencies. It’s certainly not what one would expect the tech genius behind launching an electric car strapped to a rocket into space to be reading. Yet, if this is true, it could mean that Musk just might want to see what the fuss is all about, and if he gets into something, he generally gets into it in a very big way.
What we will say is that a cryptocurrency tied to Elon Musk’s ventures could be truly remarkable. On a large scale, it could mean funding the next rocket launch, and owning a piece of the technology tied to the coins in your wallet. On a slightly smaller scale, it could mean stepping up Tesla electric cars to the next generation of smart vehicles and Mobility as a Service (MaaS), similarly to the latest news regarding IOTA and Volkswagon’s partnership. Whatever the case, we’ll be cheering for Musk if he does decide to step up to the plate and bring blockchain to his many projects.