It’s pretty bad when a celebrity death drives people to download their movie/music collection only to find out 20 minutes later they were duped by a hoax, but for a hoax to drive the equivalent of $4 billion off the board of the latest cryptocurrency, well that’s just complete bullsh*t and I know nothing about cryptocurrency- PB/TK
Fake news of a fatal car crash wiped out $4 billion in ethereum’s market value yesterday – By Joon Ian Wong / June 26 2017
“Vitalik Buterin confirmed dead. Insiders unloading ETH” read the title of the post on 4Chan, the notorious online message board frequented by internet trolls. “Fatal car crash,” it went on. “Now we have our answer. He was the glue.”
“ETH” refers to ethereum, the world’s second most valuable cryptocurrency, which was invented by a 21-year-old, Vitalik Buterin, in 2015. The currency’s price has risen by 50 times this year so far, and many market watchers have wondered when the gains would stop. The price was already in the midst of a sudden decline yesterday that saw about $4 billion wiped off its total market value, and according to the post, Buterin’s untimely death explained it and heralded a crash.
It turns out that Buterin wasn’t dead, nor involved in a car crash. He took to Twitter to prove that all was well, but how to supply evidence that he was indeed behind the Twitter account? In the cryptocurrency equivalent of posing with the day’s newspaper, he scrawled out some data linked to the latest block (you can see that data for yourself here) mined on the ethereum blockchain on a piece of paper and took a selfie with it. Wikileaks founder Julian Assange did something similar to dispel rumors of his demise by reading out data from the bitcoin blockchain on a live stream in January
Continue to qz.com article: https://qz.com/1014559/vitalik-buterin-dead-a-hoax-on-4chan-crashed-ethereums-price/
