Elon Musk Thinks Ethereum Is A Scam, But He Still Wants It
Elon Musk, the man, the myth the legend? Whatever you think of him, you canât deny that he has a notorious presence within cryptocurrency. According to recent reports, heâs now jumping on the Ethereum train, even though heâs suspicious that it could be a scam.
What is this all about?
Okay, so to give you some background, this stems from the epidemic in fake Twitter accounts claiming to be Elon Musk doing Ethereum giveaways. As you know, there are many fake accounts on Twitter that offer users free Ethereum if they send a small amount of crypto to another wallet (usually owned by the scammers). Twitter have made efforts to remove such fake accounts so this is an issue that is being dealt with. All things considered, this is why Musk is referring to Ethereum as a scam, heâs trying to be funny, itâs a joke, so calm down and donât worry, Ethereum is not a scam.
The latest tweet from Musk came via a string of tweets in response to one user who asked Musk if he is going to send ETH to them (itâs a satirical response to the fact a number of fake Musk accounts have been taken down). According to Ethereum World News:
âMusk, who is clearly aware of these bots as established, jokingly fired back a reply, adding that the ETH that was promised is coming, I swear. As such a reply wasnât unexpected by the man himself, Twitter users quickly flocked to the thread to further the conversation. After likely receiving hundreds, if not thousands of messages regarding ETH, other crypto assets, and blockchain tech, the world-renowned entrepreneur made one final comment on the situation.â
Musk then concludes:
âAt this point I want ETH, even if it is a scam.â
This is still a very big issue, one that is plaguing the crypto community on Twitter. The best way to protect yourself from these fake accounts and fake giveaways is to simply ignore them. Nobody is giving away free cryptocurrency as, thatâs not how the world works i'm afraid. Donât use Twitter to source your research, instead, focus on the websites of the projects youâre interested in. If you think someone really is giving away ETH and you want in, cross check your findings with other websites and users.
Donât be naive, trade safe, and youâll stay safe.
Ethereum World News