Tuesday, April 7, 2020

#SaveTwitter: Crypto Community Demands Action Against Crypto Scams

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Elizabeth Jamie
Jamie Elizabeth is a Mass Communication Graduate from the Philippines, knowledgeable in the field of cryptocurrencies, blockchain etc., currently enjoying freelance writing, and able to write anything under the sun.
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On Tuesday, the cryptocurrency community shook the Twitter world through their request for an action from the Twitter against the rising cases of crypto frauds and scams in the social media platform.

Through the tweet of @svandisio, #SaveTwitter boomed in the platform and it was shared and retweeted by a lot of crypto users and non-users all over the world. The tweet was created to shed light on the increasing numbers of fake accounts and victims of crypto scams mostly done in Twitter.

“We would like to invite @Twitter and its partners to create standards with us to effectively protect the public and accelerate innovation in the blockchain.

Moreover, an open letter for the co-founder of Twitter.com Jack Dorsey was submitted and made public by Svandis and other crypto companies and personalities. According to the letter addressed for Dorsey, Svandis stated that Twitter became a major character in the spreading of cryptocurrency yet its inability to address and questioned the scam bots and fake accounts are somehow failing.

“The inability to fully address spam bots and maliciously false accounts is diluting the power of the platform for all companies, organizations and private individuals involved in the spaces of blockchain technology and cryptocurrency. These accounts impersonate legitimate users, create scams and false giveaways, and falsify information in the public domain that distracts away from genuine information sharing” Excerpt from Svandis’ open letter.

The open letter also questioned Twitter’s decision to barred crypto advertisements while the scam bots and crypto frauds are all over the social media calling it as “not just hypocritical, but shameful.”

A lot of positive remarks were posted after Svandis’ shared their sentiment in the dirty system of crypto in the Twitter. Even personalities from crypto gave a thumbs up to what Svandis is creating for the cryptosystem.

Bitcoin’s founder Charlie Shrem was also one of the leading supporters of the tweet and this resulted in more companies and population reaching the help and guidance of Twitter through this chaotic incident.

Twitter World of Crypto Scam

Twitter as one of the most well-known social media network in the whole world made an unsteady stance in the crypto frauds. This year almost five personalities from different fields already slam their fake twitter accounts spreading false information and fraud schemes about cryptocurrency.

Recently, Star Trek actor William Shatner made clear of his name by saying that ‘he is not giving away any Ethereum in Twitter nor have an Ethereum website’. Other crypto tycoons also fell as victims of fake personality identity accounts that made their fame as a trap for schemes and scams in the digital currency.

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