Centralised Controls Of Twitter Should Be Blamed For The Recent Crypto Scam

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Anthony Pompliano said that it is unalterable that every politician will eventually turn into a Bitcoin proponent.
  • Pompliano’s tweet was a reply to Tom Emmer’s post, which read that the problem wasn’t Bitcoin.

In a recent Post on twitter by Anthony Pompliano said that it is unalterable that every politician will eventually turn into a Bitcoin proponent. He further commented that if they are not willing to have complete control, then the next thing might be decentralisation.  

Anthony Pompliano is the co-founder as well as the partner of Morgan Creek Digitals. Mark Yusko and Jason Williams are the other founders of this hedge fund. The firm mainly focuses on specializing in digital assets and Blockchain technology. Morgan Creek Digitals is backed up by Morgan Creek Capital, an SEC-registered investment and trading advisory services firm. 

A Series Of High Profile And Crypto Twitter Accounts Hacked 

Pompliano’s tweet was a reply to Tom Emmer’s post, which read that the problem wasn’t Bitcoin. It was the centralized control that was the problem. Tommer is a US representative of Minnesota’s 6th congressional district since the year of 2015. He is also the co-chair of the Congressional Bitcoin Caucus. 

Emmer’s tweet was a further response to the recent chain of Twitter account hacking involving a cryptocurrency activity. In the recent series of the hack, many high profile Twitter accounts and cryptocurrency platform accounts affected. Seemingly Emmer’s tweet was pointing towards the centralised controls of the social media platform Twitter and that nothing was there to blame Bitcoin. 

Twitter Released Bluesky To Facilitate Decentralised Environment

However, Twitter has been taking some serious measures to eradicate such cryptocurrency scams in the future. In 2019, Twitter had launched Bluesky, a team funded by the platform itself. Bluesky created to build an environment for the decentralised platform. The primary purpose behind this was to acknowledge all the new hurdles that the centralised control system was facing and provide decentralised solutions for the same. In some way, this would help in eradicating the spread of false information and scams in the future. 

Emmer believes that a decentralised environment will enable users to report misleading and false information more quickly and efficiently. However, Decentralising Twitter could diminish the single point of failure that allowed the scammers to misuse the power of the platform.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners