The most important tweets in the history of digital currency; The sentences that shook the crypto world
The Twitter social network, which is now known by the favorite name of Elon Musk, i.e. “X”, had a special place in the space of digital currencies and among the enthusiasts of this technology from the beginning. There are still many constructive conversations taking place in this space, and many news and events in this field are published for the first time on Twitter.
Due to this special position, the history of digital currencies is significantly tied to Twitter and its users. In this article, we have reviewed 10 of the most important and perhaps most influential tweets in the history of digital currency in chronological order; Tweets written by prominent people in this industry and each has its own special story.
1. Hal Finney: Running bitcoin
The late Hal Finney was a computer scientist and one of the first adopters of Bitcoin. In 2008, he directly received an invitation message from Satoshi Nakamoto, the anonymous creator of Bitcoin. Finney is the second person to use Bitcoin software after Nakamoto. He was also the one who received the first bitcoin transaction (10 bitcoins) from Satoshi Nakamoto. Even some Bitcoin experts believe that he can be Satoshi himself, because similar features have been seen in him.
He, who has been the leader of many activities in the development of Bitcoin, also sent the oldest tweet related to Bitcoin in 2009. written Is. Finney’s famous tweet is the simple phrase “Running bitcoin”, which means that he interacted with the Bitcoin network on January 11, 2009.
Also read: Who could be the mysterious and anonymous creator of Bitcoin?
2. Michael Silver: The Beginning of Bitcoin Buying Microstrategy
Michael Saylor is the former CEO and co-founder of MicroStrategy, a business intelligence provider. The name of Silver and MicroStrategy became popular in the digital currency space when the company started buying large amounts of Bitcoin to increase its treasury.
Microstrategy Investments was launched on August 11, 2021 with a $250 million purchase, and Silver, as the company’s CEO at the time, announced this on his Twitter page. to announce said that “Microstrategy will henceforth accept Bitcoin as the main reserve asset of its treasury”. At that time, Silver had not yet become a prominent figure among Bitcoin supporters, and therefore this tweet did not receive much attention.
Today, however, this company is considered one of the largest institutional investors in Bitcoin and currently owns 174,530 units of Bitcoin, which is worth $7.2 billion at today’s price of $41,500. Microstrategy has bought this amount of bitcoins at an average price of $30,252, and this means that the investment of this collection has yielded about $2 billion for them.
3. Elon Musk: Now you can buy Tesla by paying Bitcoin
At the beginning of February 2021, Tesla, the company under the management of Elon Musk, officially announced that it bought the equivalent of 1.5 billion dollars of Bitcoin, and under the influence of this news, the price of Bitcoin grew by about 20% in just one day. At the same time, the company announced that in the near future it will accept bitcoins for the sale of its products in the United States and on a limited basis.
The next month, on March 24, 2021, Elon Musk released textual It announced on Twitter that Tesla has started selling its cars for Bitcoin in the United States. He even said in the continuation of his tweet that Tesla will not convert its received bitcoins into fiat currencies and will keep this part of its assets in the form of bitcoins; However, in less than two months, Tesla abandoned its decision to accept Bitcoin.
4. Again, Elon Musk: stop accepting Bitcoin by Tesla!
Acceptance of Bitcoin by Tesla did not take a total of two months, and on May 13, 2021, the mask was released a message He announced on his Twitter that Tesla has stopped accepting this digital currency due to his concerns about the use of fossil fuels in the mining and processing of Bitcoin network transactions.
In the picture attached to this tweet, it was written:
Tesla has suspended the possibility of buying its cars with Bitcoin. We are concerned about the rapid growth in the use of fossil fuels, especially coal, to mine and process Bitcoin transactions, which have the most destructive impact compared to other fuels. Digital currencies are a good idea in many ways and we believe that there is a bright future in this field, but this should not cost the environment too much. Tesla is not going to sell its bitcoins, and we plan to move more of the bitcoin mining process towards the use of renewable energy. [مجدداً] Use it in our exchanges. We will also monitor digital currencies that consume energy equivalent to less than one percent of Bitcoin for transactions.
The publication of this news was enough for Bitcoin to lose more than 12% of its value in one day. After this incident, Musk’s support for Bitcoin gradually faded. Tesla, which was not going to sell its bitcoins, turned 4,320 units of its approximately 43,000 bitcoins into cash in the first quarter of 2021 and the remaining 75% in the second quarter of 2022. The company now holds 9,720 Bitcoins and has not recorded any new purchases or sales during this period. It can be said that the acceptance of Bitcoin again by Tesla is practically ruled out.
5. Najib Abukilah: Acceptance of Bitcoin as a legal currency in El Salvador
On June 9, 2021, the Parliament of El Salvador approved the bill to convert Bitcoin into a legal currency in this country. This was the first time in history that a country accepted Bitcoin as an official and legal currency. The President of El Salvador, Najib Abukilah, also announced the sending of the Bitcoin bill to the Parliament of this country through his Twitter, hours before the approval of this law. to announce did
In this tweet, he wrote in Spanish, “I sent the Bitcoin law to the parliament.” On the day of the adoption of the Bitcoin law in El Salvador, the price of this digital currency experienced a growth of 12% and reached from around $33,380 to $37,380 at the end of the day. Despite repeated criticisms from international institutions, some economic experts and even active figures in the field of digital currencies, including Vitalik Buterin, Abukila still supports the idea of accepting Bitcoin in his country; However, Bitcoin-related activities in El Salvador are not given as much importance by the digital currency community as in the past.
6. Two Quans: UST’s value recovery program that went nowhere
The breaking of the price link between UST and the dollar, as well as the collapse of the Terra network, took place between May 7 and 12, 2022. In the middle of this crisis and on May 10, Do Kwan, the founder of this network, who was under intense media pressure, Promise gave a “UST Special Recovery Program” to his Twitter followers. However, what users expected from Kwan’s words did not happen and the value of UST fell even more.
Currently, the old and new Terra network as well as related protocols are practically considered dead projects and have completely lost their place in the market. Du Kwan is also serving his prison term in Montenegro and is expected to be extradited to the United States of America or South Korea in the near future to deal with his case.
7. Sam Benkman Farid: I’m sorry, I messed up!
After the critical situation of the digital currency exchange FTX was exposed in the media, which showed that the platform does not have the balance of its customers’ deposits and cannot cover all the demands of its users, Sam Benkman-Fried, the CEO at the time, who is now in prison, in twitter He took responsibility for the critical situation of the platform and admitted that he made a mistake.
Three days before publishing this tweet, he had said that the status of FTX and the assets of users of this exchange are good. A day after this controversial tweet, Sam Benkman-Fried resigned from his position as CEO, and FTX and its subsidiary Alameda filed for bankruptcy.
Also read: Sam Benkman Fried and the fate of the biggest scandal in the history of digital currencies
8. Vitalik Buterin: Successful Implementation of Marj Ethereum
Minutes after the successful implementation of Ethereum’s historic Marj update, which changed the consensus mechanism in this blockchain from the widely used proof-of-work model to proof-of-stake, Vitalik Buterin, the co-founder of Ethereum and the main leader of the project, released a tweet Congratulations to users for successfully updating Marj.
Buterin wrote in his tweet:
Happy Marj to all. Now is a big moment for the Ethereum ecosystem. All those who helped to implement Marj should be proud of themselves today.
9. Arbitrum: Confirmation of the most anticipated cryptocurrency airdrop
The official page of Arbitrum on Twitter, on March 16, 2023, airdropped the ARB token by publishing a video. confirmation did Anticipated by many users of the cryptocurrency space (especially airdrop hunters), the Arbitrum Airdrop received special attention and is still regarded as one of the most important airdrops in the history of the industry. The advertising ideas of the Arbitrom team in introducing their project, as well as the unveiling of this airdrop, are still among the successful examples of the digital currency industry.
10. Changpeng Zhao: Farewell to Binance
On the night of November 21, shocking news was published in the space of digital currencies; Changpeng Zhao, the CEO of the world’s largest digital currency exchange, resigned and Binance agreed to pay a heavy fine of $4.3 billion to American agencies.
This news was confirmed by Zhao shortly after, and he personally announced his separation from Binance by posting the following message on Twitter. to announce did:
Today I stepped down as CEO of Binance. Admittedly, this decision was not easy for me emotionally. But I know I’m doing the right thing. I have made mistakes and I have to take responsibility for them. This is the best decision for our community, for Binance and for myself.
In this tweet, he also introduced Richard Teng, a long-time member of Binance and the head of regional markets of this exchange, as his successor.
Zhao Tuite concluded his resignation with this message:
I am proud to say that in our resolutions with US agencies, they have never said that Binance stole funds from its users or manipulated the market. Instead of capital [کاربران] It is safe (!Funds are SAFU).