Elon Musk Mocks Bitcoin Security And Scams With Tongue-In-Cheek Tweet

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Bitcoin is often mocked by the wider cryptocurrency sector for its older technology compared to some of its newer peers and now Elon Musk, a serial entrepreneur who’s no stranger to controversy, has lampooned the Bitcoin scams that plague Twitter and other social networks.

Musk, the founder of electric car company Tesla and aerospace manufacturer SpaceX, is no stranger to online and digital payments — Musk was instrumental in Paypal’s success back in the year 2000 and his views on Bitcoin and cryptocurrency have been closely watched. 

Bitcoin to the moon? SpaceX CEO Elon Musk speaks at a press conference at SpaceX headquarters where he announced the Japanese billionaire chosen by the company to fly around the moon, on September 17, 2018 in Hawthorne, California. (Photo by Mario Tama/Getty Images)

Musk last night tweeted a tongue-in-cheek reply to a question on Tesla account two-factor authentification, suggesting he takes the issue of security and scams seriously but giving no details of how he might handle Tesla account security. 

For months Twitter has failed to get a handle on rogue accounts pretending to be celebrities or well-known personalities giving away Bitcoin and other cryptocurrencies in return for a small donation.

Elon Musk is known for his candid Twitter announcements and often engages with Tesla and SpaceX followers on the platform.Twitter / @ElonMusk / @Vicentes

The reply to the Tesla related question resulted in Twitter locking Musk’s account because the social network “thought [he] had been hacked,” though it was swiftly reactivated.

The issue of Bitcoin and cryptocurrency scams has led the ethereum co-founder Vitalik Buterin to change his Twitter handle to “Vitalik Non-giver of Ether” to try to stop people from being duped into giving away their digital tokens by impersonators.

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