Supreme leader's twitter account hacked - but that's not the main issue!

[avikz]

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

My dad was reading newspapers from his tab while having morning tea and suddenly uttered - "this bitcoin thing is ruining everything online" (definitely he used local language but it is the literal translation)!

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

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[Wexnident]

Luckily we have you to correct the idea. I just hope that when Bitcoin is properly adopted, people would have the proper notion of what crypto is, and that as a medium, it has no fault in whatever right or wrong that has been done using it. It really is the case of how the ignorant ones are the ones that actually are believed by the majority, mainly due to their quantity. Not that I blame them, it isn't their fault for being ignorant though it would be great news if centralized authorities actually spoke up and cleared up the idea of how and what Bitcoin is.

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Well, with how the majority of people relate "anonymity" to doing something wrong, I'm not really surprised. Though I do suppose with time, such a notion would probably be removed, but that would take a long time plus a lot of convincing. I just hope that central authorities would continue to take corrective measures as you said since if they were to oppose it, it'd be rather easy to persuade ignorant people into taking their side.

[Killrbit]

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

The thing is that all technology or anything for that matter which is useful will always good and bad actors around them ( look at all the controversies surrounding gene editing and such can we truly stop or delay progress for this reason ). We should not let the bad actors determine how we define bitcoin or let vested interests smear its reputation because there will never be a shortage of nefarious individuals/organizations, even assuming there was a centralized authority who could take corrective measures, who is to say that this authority would always be a good actor even if he started out as one.

But you are right in that vested interests will now attempt to use an event like this to try and curtail the spread of bitcoin in your country, if i recall the Indian government has never been that friendly towards crypto currency with the ban/ restrictions on it only being recently lifted.

[pakhitheboss]

The twitter account of India's supreme leader Narendra Modi

Why are you calling him Supreme leader? He is the prime minister of India not a spiritual leader nor a dictator.

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

I do not think this hacking is affecting the image of Bitcoin. If these hackers would ask fiat will it affect the image of fiat?

Twitter hacks are more affecting Twitter's reputation and if such hacking keeps on happening most celebrities will move away for it.

[minairia3]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Actually there is but its not what we called an authority but a party or should I say community of true bitcoiners. Reputation is really important and all who are experienced bad things on crypto will definitely stepped in and curse it especially bitcoin. But the truth is, its the people who are using the great tech for shamed not the bitcoin itself.

Bitcoin is created to help people to ease problem on financial struggle hence this kind of issues has been out. Twitter hackers should be really punished for using influential people to scam others.

[mk4]

The negative misconceptions of the masses concerning Bitcoin is just going to be nothing but temporary hurdles. They'll someday realize how every single existing technologies has downsides, and how actually important Bitcoin is.

..then they'll say that the price is already too high

[Ucy]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

More like saying it's good to have dictatorship to solve a problem. Centralization and dictatorship, they are basically thesame. Government is never meant to be centralized. We tolerated it for too long doesn't mean it's okay. It's about letting few people or a single person run a community/society without checks and balances by the community members. Is that OK? Such checks and balances make power decentralized.

If you want Bitcoin to be corrupted, just allow some group of people or a person control it, or do whatever they want without community participation. You will be encouraging lawlessness, secrecy, non-transparency, abuse of power, non-accountability, etc

Governments, with Bitcoin/crypto community members can regulate Bitcoin/crypto decentrally and together!

[bitsurfer2014]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

I think it doesn't need a central authority to protect the image of Bitcoin but perhaps we, as crypto enthusiasts could make a difference by sharing whatever knowledge we have on this emerging tech so that other people may understand even the basic concept about it.

We always could do grassroots information dissemination about BTC starting from our own family so that little by little, we could change people's perception about it in our own way.

[aioc]

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

I can confirm that many people thinks that way, but the community is very quick to correct the issue by reporting the truth about these hacks, it's an evolving technology and very profitable that hackers are targeting top personalities to use Bitcoin as a bait to scam people, the community  should unite to combat this misinformation.

[avikz]

Why are you calling him Supreme leader? He is the prime minister of India not a spiritual leader nor a dictator.

I definitely believe he is a dictator leader and that's why I am calling him a supreme leader. You can have you own thought process and I can also have mine!

I do not think this hacking is affecting the image of Bitcoin. If these hackers would ask fiat will it affect the image of fiat?

Twitter hacks are more affecting Twitter's reputation and if such hacking keeps on happening most celebrities will move away for it.

It doesn't work that way! Twitter's reputation is definitely is at stake because of all recent hacks. But the name of bitcoin is getting involved in every single hacking incidents happening worldwide. That's what I am more worried about.

Did you see Ripple is getting associated with such hacks? No! Because Ripple is a centralized cryptocurrency so the owner of Ripple can freeze any account where any criminal proceeds are being dumped.

[sayulita]

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

I can confirm that many people thinks that way, but the community is very quick to correct the issue by reporting the truth about these hacks, it's an evolving technology and very profitable that hackers are targeting top personalities to use Bitcoin as a bait to scam people, the community  should unite to combat this misinformation.

This is because people blindly trust the newspapers and whatever these newspapers publish and mostly there isn't any bitcoin user around these people who could tell them the reality and how fiat and cash is also involved in the illegal activities and is most frequently used in the drug trades, but that never get published in these newspapers.
I assume it is the governments along with these multinational companies trying to have more bitcoins for themselves by giving negative information to the public and when these orgs would have filled their pockets then they would start supporting cryptocurrencies.  

Why are you calling him Supreme leader? He is the prime minister of India not a spiritual leader nor a dictator.

I definitely believe he is a dictator leader and that's why I am calling him a supreme leader. You can have you own thought process and I can also have mine!

No India is a democracy and he isn't a Dictator, there is a huge fanbase of PM Modi in India(although, I'm not one of those) and people also love him a lot.

[Lucius]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Has Bitcoin ever had a reputation to the point that it can lose it this way? Do 9 good things in life and one bad thing, people will always remember some bad ones sooner - the same thing is with Bitcoin which is still haunted by Mt.Gox ghosts, and some other hacks left hanging in the air - and also ransomware+ various scams such as Electrum phishing or the hundreds of fake wallets that appear every day.

I think too much centralization is already involved in Bitcoin, I don't know what more should be done without Bitcoin losing what it really is. Twitter has proven to have very bad security experts, because any account can be hacked no matter how the user set their protection.

Did you see Ripple is getting associated with such hacks? No! Because Ripple is a centralized cryptocurrency so the owner of Ripple can freeze any account where any criminal proceeds are being dumped.

Well, you can't compare a centralized shitcoin with Bitcoin, they are two completely different worlds - the owner of each altcoin can do whatever he wants with that coin at any time, and that is the biggest disadvantage of such projects - absolute centralization.

[NavI_027]

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

If I were the supreme leader, I'd rather do a public announcement with regards the hack incident, apologize and then proceed to man hunting. That's it! Because if they will grant the hacker's demands, it definitely shows a sign of weakness of their government against cyber criminals. Besides, it was only a Twitter account, creating another one is not hard at all .

We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Sad but true . That's why we should also make extra efforts on educating them (clarifying and debunking every hoax) as the fraudsters became active as well. I guess that's the best thing we can do because the criminals seems unstoppable ~ change my mind.

[Coin_trader]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

This is the cons of decentralized, It is can be used by criminals for ransom without a trace. Let’s just accept that we can convince everyone to view Bitcoin with our own perspective because we different subjective reason. In your father case, he is thinking that BTC doesn’t exist there is no way that this hacker will be paid without a trace but for that already open minded about BTC. We view this as privacy protection.

There’s always a pros and cons in decentralization.

[lionheart78]

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

Rather than centralized authority, using community or organization which support Bitcoin is more better option.

The only problem is the authority to apprehend criminals.  Without enough authoritative power, criminals will just laugh at these communities or groups.  At the end of the day with this supporting group, we still need authorities to regulate and apply laws so that this decentralized system won't fall under anarchy.

[yazher]

But what about the others who read the news and have some wrong thoughts about BTC? with no one can tell them that those assumptions are not right and Bitcoin is not for those purposes?

I think our dream to see bitcoin became one of the top used currency in the world will not become true until this kind of problem is solved.
Now I believe that our duty in this early era is to teach people the right usage of bitcoin and put correctly whenever scammers used BTC for their own evil intentions.

[so98nn]

Forget about all the shit that happened, now we are in the fear that PM Modi will surely get more angry due to this act of crypto-hacks and will start banning all the crypto related transaction throughout India.

have you guys not noticed how he is going on strike against every distraction that come across for every youth in India?

He is clearing the air for sure. First he banned all the chinese android app, started boycott moment, then banned world's most popular game PUBG in the process.

I dont think that he will stop here. He is gonna screw the crypto currency related stuff throughout India in no time. 

[molsewid]

The only way we can do about this issue is to clear the doubt of many people who don't have enough knowledge in bitcoin. We can't blame others too because it's part of the system of bitcoin. Of course, someone would take advantage of its feature of being a decentralized digital currency.

[kryptqnick]

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment. But that's not the main problem! See below,

My dad was reading newspapers from his tab while having morning tea and suddenly uttered - "this bitcoin thing is ruining everything online" (definitely he used local language but it is the literal translation)!

While I immediately cleared his doubt about bitcoin but that's how majority of the common people have reacted because bitcoin is now associated with all small/major hacks happening worldwide!

Sometimes I really feel, it's good to have a centralized authority who can take corrective measures to protect the goodwill of bitcoin. We are loosing reputation fast! Sad to see such an innovation like Bitcoin loosing its reputation and credibility due to few mere miscreants!

The fact that the media doesn't deal with such scammers swiftly is a big problem because it adds up to the negative image of Bitcoin. But that's not the only thing, it's a combo. The first part of it is scammers asking cryptos from people and being quite successful at getting it. The second part is social networks failing to respond to these threats properly. The third is the media focusing so much attention on such negative episodes, but not on the positive or on simple negative things with banks/fiat. Finally, the fear of the unknown is built into us on a subconscious level because it helped to survive. Add to this a pattern recognition (confirmation bias), and you get a mix of things that make it very difficult to change one's mind on whether Bitcoin is bad per se.

[bitsurfer2014]

Forget about all the shit that happened, now we are in the fear that PM Modi will surely get more angry due to this act of crypto-hacks and will start banning all the crypto related transaction throughout India.

have you guys not noticed how he is going on strike against every distraction that come across for every youth in India?

He is clearing the air for sure. First he banned all the chinese android app, started boycott moment, then banned world's most popular game PUBG in the process.

I dont think that he will stop here. He is gonna screw the crypto currency related stuff throughout India in no time.  

Dont get too nervous on whats about going to happen because of this Twitter incident. Perhaps PM Modi would be open minded enough not to persecute

cryptocurrencies or any emerging technologies for that matter that could potentially give benefits to his country. Imho.