Stop Calling It A 'Bitcoin Scam'

Plus other rantings and ramblings about yesterday's massive hack

Happy Thursday, Blockfolians

The Lede

Yesterday, it turns out, was insane. In our Highly Relevant Reading we mentioned that Coinbase and Gemini had been compromised. Turns out, it was friggin’ everyone.

The narrative, predictably, was all about a “bitcoin scam.” Here’s what we think about this.

In fact, we feel strongly enough about this that we wrote an entire blog post about it.

Still, for all the crap, it was hard not to be excited about this message from a sitting member of Congress.

To learn more, check out this amazing timeline from The Block

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Highly Relevant Reading


Community Commentary

The man isn’t wrong.
ROFL.

A Really Unimpressively Small Number We Should Be Paying Attention To  

$120,000

That’s the total amount of all the BTC received by the hackers. Doesn’t really seem worth the effort tbh.


Final Thought

Now THAT’S the response we were looking for.