JK Rowling asks about Bitcoin on Twitter – Twitterverse scares her off! JK Rowling tweeted: “I don’t understand bitcoin. Please explain it to me.” In just two hours her tweet had spawned 1,300 replies.
It took less than three hours for her to follow up with, “I don’t think I trust this.”
On Twitter, there is a massive community of people who tweet almost exclusively about Bitcoin and Cryptocurrency, day in and day out. Rowling found herself in that community.
In attempts to speak Rowling’s language, many started comparing bitcoin to the wizarding world from her books.
“Remember how He Who Must Not Be Named placed 7 [horcruxes] in different objects around the world in an attempt to immortalize himself, so that no one, not even the Ministry of Magic could stop him?” blockchain lawyer Jenny Leung tweeted.
Lord Voldemort, famously, had split his soul into seven different Horcruxes, believing that would make him impervious to destruction. Similarly, Bitcoin is comprised of thousands of nodes across the globe, making it hard to shut down due to the nodes requiring simultaneous shut down to bring down the Bitcoin Network.
Other tweeters described Bitcoin’s monetary policy by comparing it to a few Financial Elements found in the magical world of Harry Potter.
“Imagine if Gringotts ran on the Floo network,” said Zcash Foundation executive director Josh Cincinnati, referencing Gringotts, the sole bank in the wizarding world, and the Floo network, fireplaces that witches and wizards can use to transport instantly to other places.
“Imagine digital gold Galleons, of which no Philosopher’s Stone could make more. In fact, there is a limited supply, and the only way to earn new Galleons is to compete in the facilitation of transactions using Galleons already in circulation. All without goblin central banks,” Lolli CTO and co-founder Matt Senter tweeted.
For the newly discovering, Bitcoin’s supply is fixed – and will most likely not be changed. This is a far cry from Central Banks and their governing authority. We’ve seen what central banks like the Federal Reserve is doing to spur the economy during this unique crisis brought forth by COVID19.
Our own Kurt Wuckert. Jr even weighed in with his own tweet.
Bitcoin is a set of rules which implements a digital system of cash/money that can be used to spend, save or deploy various types of data that cannot be easily censored.
Every other definition requires asterisks.
— Kurt u/292 ✪ (@kurtwuckertjr) May 15, 2020
Rowling was, however, seemingly unimpressed by the explanations sent to her.
“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),” Rowling tweeted.
What do you think? Let us know on our Facebook page!