Crypto Twitter Tries, Fails at Explaining Bitcoin (BTC) to J.K Rowling

John P. Njui   •   BITCOIN NEWS   •   May 16, 2020   •   3 Min read

In brief:

• The critically acclaimed author of the Harry Potter series, J.K Rowling, tweeted that she would like to understand Bitcoin (BTC).
• Crypto twitter responded with numerous explanations.
• A fake twitter account mimicking the author claimed to have purchased BTC.
• In the end, J.K Rowling still did not understand Bitcoin.

What started off as an honest question by J.K Rowling about Bitcoin, has provided on of the best insight into the many hurdles of crypto and Bitcoin adoption. In a simple tweet, the critically acclaimed author of the globally known Harry Potter series requested an explanation of Bitcoin (BTC).

It’s a digital currency. There’s ~18m units of it. It’s not backed by anything, it’s just valuable because it is, like collectibles. There’s a network of computers (which anyone can join) that maintains a decentralized global excel spreadsheet of how many coins each person has. – Vitalik Buterin

#bitcoin is not “magic” money. We know that it can be hard to understand, so here’s a 5-minute explanation on what bitcoin really is and how it works! We hope this helps – theteam at Gemini Exchange

Bitcoin is not magic, funny money. That’s the U.S. dollar and the Fed – Tyler Winklevoss

It’s like real estate. Supply is limited and everyone wants more of it. Also it’s digital. – Udi Wertheimer

I can send you 1 #Bitcoin. Seeing is believing. – Justin Sun

The tweet by Ms. Rowling has since had thousands of replies and retweets. In one of her responses to the numerous offers to explain Bitcoin, she admitted that it all sounded like ‘blah blah blah’.

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.)

J.K Rowling Admits She Still Does Not Understand Bitcoin

Less than a day after Ms. Rowling requested an explanation on Bitcoin, she tweeted what seems to be a conclusion that she is yet to understand the digital asset.

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

(Feature image courtesy of Unplash.com)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe