Elon Musk and Vitalik Buterin explained crypto to Joan Rowling on Twitter

Elon Musk popped up in Joan Rowling’s Twitter replies to support her lack of interest in crypto and to attack central banks for printing so much money.

Description: It took only three hours for Crypto Twitter to scare JK Rowling away from Bitcoin. Here’s what happened.

British writer Joan Rowling, best known as the author of a series of novels about Harry Potter, wondered what Bitcoin is and how it works. Elon Musk, Vitalik Buterin and hundreds of other Twitter users soon came to the rescue.

In a comment under the tweet of CoinDesk journalist Lee Quan, the famous writer visited what she did not understand Bitcoin and asked to explain what it is.

Soon followed a response from Ethereum creator Vitalik Buterin, who wrote, however, that the first cryptocurrency “is not supported by anything”.

“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.”

Vitalik also talked about a network of computers that anyone can join and drew an analogy with some global Excel table.

However, Rowling seems to have managed to understand little.

“People are now explaining Bitcoin to me, and honestly, it’s blah blah blah blah collectibles (My Little Pony?) blah blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)”

The head of Tesla and SpaceX, Elon Musk, also called to solve the problem. He expressed the opinion that the activity of central banks makes Bitcoin more reliable “Internet money” compared to fiat money, the supply of which is growing rapidly.

“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.”

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Andrey Costello

Andrey Costello

Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.