Sep 12, 2020
J. K. Rowling, the author of famous book series called Harry Potter, questioned Bitcoin on her personal Twitter account:
“I don’t understand bitcoin. Please explain it to me.”
And this single tweet’s reply section flooded with comments from crypto enthusiasts and even developer and the founder of Ethereum, Vitalik Buterin, responded with the explanation of Bitcoin.
“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.
People find it interesting because there is no central authority that controls this network, so there’s no single group of people that can just go and issue more units to their friends or manipulate its rules for political reasons.
Basically global digital payments, plus the store of value properties of gold, all with 21st century cryptographic tech to keep the whole thing running safely.”
Later on, Elon Musk founder, CEO, and chief engineer/designer of SpaceX, co-founder, CEO, and product architect of Tesla, Inc. founder of The Boring Company, co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI, replied to another tweet of her saying:
“Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison”