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

[verita1]

At first I thought that Bitcoin's reputation could be tarnished by these hacker attacks. But I no longer think so, hackers have been considered cyber criminals who are looking to profit monetarily.

More often, new platforms based on blockchain are being seen inviting them to find vulnerability to be rewarded.I think that this would be a good future for them to earn rewards by finding vulnerability.

As for Twitter, how long do we have to wait for a secure platform?

[Artemis3]

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!

Never. Central authorities lead to abuse, period. Its the fundamental problem: If they can, someday they will. So what if a few criminals use it? Isn't the majority of crime done with fiat? Bitcoin even leaves more traces.

A central authority is the very reason the fiat of any country can lose its value. In fact the same applies to crypto, all the other altcoins that depend in a single person or small group. The beauty of Bitcoin is that no such thing exists so its value won't disappear overnight from a decision of the supreme leader. Even if Satoshi returned he cannot destroy it anymore, and that's what makes it valuable.

If you want to kill the value of a coin, do exactly what you propose. Heck my country made one but nobody wants it. My country also has the worst fiat in the world, because rather than fixing the economy, our "supreme leader" decided that everything is a capitalist lie and there is absolutely nothing wrong with "printing" to pay debt and the Americans are always at fault.

Loosing reputation fast? You must be new. 11 years of that but Bitcoin is only gaining better and better reputation. Only some older people would say things like that, people who can't bother to learn of something new since they absolutely trust what they already know; until they see everybody else saying otherwise.

What has "hacking" the Supreme Leader Twitter account to do with anything? NOTHING. Why are you not protesting your authority for the use of Twitter to begin with? And what foolish thing they did to let the account get taken? Probably they used an idiot password or had some aide managing it, which is so typical. They should have not been using Twitter in the first place. There is your problem, your Leader, not Bitcoin, and those who follow them.

[AakZaki]

Twitter security seems to have many loopholes so that hackers can still hack it to give negative news about bitcoin by using twitter accounts of important people like Narendra Modi as India's supreme leader.

Currently there are many FUDs scattered about bitcoin so that bitcoin has experienced a fairly drastic price drop. The general public will certainly respond to this and judge Bitcoin as the destroyer of everything in the online world transactions.

Need to be careful and must do news filtering. do not easily believe news that is not clear even if it is from celebrity accounts or accounts of important people in this world.

[abel1337]

In the Bitcoin network, scammers can hide their tracks and that is the reason they are using crypto for Ransome. In the dark web buying and selling also happens in crypto especially Monero. But India's PM twitter account hack was because of a popular FPS shooting game PUBG ban. Some angry Indians have done this some people say and asking for BTC payments.

Decentralization has its own disadvantages and every disadvantage can take advantage of people in a bad way. Hackers are taking advantage of it as a gateway to collect money from their victims, This is why the reputation of crypto is being damaged. This might be a temporary problem but this can possibly lead to big problems. Unfortunately it the banning of Chinese apps in India and the hacking occurred in the same week.

Twitter should make their security better or else this kind of fud will spread more.

[7788bitcoin]

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!

It happens to anyone who is not aware of the market, your Dad was not aware of the market and he had no idea about bitcoin but that does not mean that we need a central authority to do what, many real players in bitcoin was attracted because of its decentralized nature and if people could understand the basic that the medium used in a scam is not the problem but the scammers who is trying to take advantage of gullible people.

[eaLiTy]

Twitter hackers strike again! The twitter account of India's supreme leader Narendra Modi is hacked to seek bitcoin payment.

Hope you are referring to the major twitter hack happened in the past month, but to give Narendra Modi the supreme leader title is a bit overblown as India is a democratic country, if you are being sarcastic because he is selling all the public sector companies which could affect millions of government jobs in the future and driving the economy to a record negative GDP then the reference would be appropriate as he is doing everything as supreme dictator.

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!

I had this conversation with my Dad back in 2013 as he came to me to understand about the market side of things and since he was interested in the stock market he was eager to understand the new market and hence he will never have these kinds of doubts, what i am trying to tell is anyone who traded stock bonds or any commodity will understand that BTCitcoin market is almost similar like the rest of the market but the major difference is the decentralization and the market is open round the clock.

[Lanatsa]

In the Bitcoin network, scammers can hide their tracks and that is the reason they are using crypto for Ransome. In the dark web buying and selling also happens in crypto especially Monero. But India's PM twitter account hack was because of a popular FPS shooting game PUBG ban. Some angry Indians have done this some people say and asking for BTC payments.

Decentralization has its own disadvantages and every disadvantage can take advantage of people in a bad way. Hackers are taking advantage of it as a gateway to collect money from their victims, This is why the reputation of crypto is being damaged. This might be a temporary problem but this can possibly lead to big problems. Unfortunately it the banning of Chinese apps in India and the hacking occurred in the same week.

Twitter should make their security better or else this kind of fud will spread more.

Wont be surprised that Twitter might really lose its popularity if these security breaches would be common or cant really be solved out.They might be taken it too lightly but one day if users would really be done enough
into this platform then they would surely regret it.

This issue havent still resolved yet? If this would keep on happening then maybe its time to leave that Twitter and look for another good alternative.

It might not be that simple to jump to other service but for sure there would really be one that would just pop out and much better in terms of security.

[Kemarit]

In the Bitcoin network, scammers can hide their tracks and that is the reason they are using crypto for Ransome. In the dark web buying and selling also happens in crypto especially Monero. But India's PM twitter account hack was because of a popular FPS shooting game PUBG ban. Some angry Indians have done this some people say and asking for BTC payments.

Decentralization has its own disadvantages and every disadvantage can take advantage of people in a bad way. Hackers are taking advantage of it as a gateway to collect money from their victims, This is why the reputation of crypto is being damaged. This might be a temporary problem but this can possibly lead to big problems. Unfortunately it the banning of Chinese apps in India and the hacking occurred in the same week.

Twitter should make their security better or else this kind of fud will spread more.

Wont be surprised that Twitter might really lose its popularity if these security breaches would be common or cant really be solved out.They might be taken it too lightly but one day if users would really be done enough
into this platform then they would surely regret it.

This issue havent still resolved yet? If this would keep on happening then maybe its time to leave that Twitter and look for another good alternative.

It might not be that simple to jump to other service but for sure there would really be one that would just pop out and much better in terms of security.

It's just a question on what better alternatives do we have right now? Twitter is one of the top social media platforms that we have today and it's been used by many people, including government officials to make an official announcement.

So if there is another platform, then why not? But if none, then as much as we hate Twitter because of the recent massive breach we've witnessed, it will still be the go to micro-blogging platform. So they better improved their security.

[sunsilk]

Bitcoin isn't losing its reputation nor its credibility. That reputation has been sticked to it even before bitcoin has been recognized by the mainstream. We can't stop those people that are thinking like that. They are not completely aware of what bitcoin is and they will still think the same even if our governments will recognize and appreciate the good use of bitcoin.

They recognize the hacks and scams that asks bitcoin but they are not calling out those scams and hacks that uses cash or fiat with those thefts.  It is new and that's why they only recognize bitcoin with bad news.

[Yatsan]

Actually this was not already a new issue against Bitcoin for we are already get used to it that people are having that notion that Bitcoin and other cryptocurrencies are always the reason why hackings, scammings and money laundering are taking place in the online world which gives wrong ideas or misconception what the reality is happening beyond those cases. The problem in here is that media is giving false information with much exaggeration of what the reality must be which gives bad impression about Bitcoin and cryptocurrencies as a whole. People's mind are being manipulated on what they are reading on news articles even though they still do not know anything about Bitcoin at all. That was basically mere and bare judgement that sticks into the mind of people making them afraid of adaption because of what they think Bitcoin is associated with wrong doings because of other people's fault added by the influence of the mass media which makes it difficult for an ordinary people to understand what is the real deal about Bitcoin.

With regards to hacking of Twitter account by the leader of India, there is also a recent case that involves hacking of Twitter accounts of famous personalities which I think would make bad popularity for Twitter because there is consecutive related hackings on their platform which they must come into action to resolve such issue not to happen again.

[Krislaw]

Those scams that uses Bitcoin's name surely affects the reputation and the credibility of bitcoin towards the view of people who don't know it, first impression really matters and if they only hear about it, it will take too long until the adaption and acceptance of people towards it become possible, and the government can't also blindly support it but if they  want it to become accepted, rather than putting negative news about it maybe they need to persuade or either say something positive about it.

[Becky666]

Though, it's unfortunate seeing what's happening to bitcoin as bad; and that which is affecting it reputation fast as you have said. This isn't true because many without the right knowledge about bitcoin will always be victim of scam. Scammers likewise operate with fiats and many gullibles fall for their tricks, Fiat's reputation isn't decreasing, so also with bitcoin when time comes. For the centralized support to curb scam with bitcoin won't work and not acceptable, neutral entity can be manipulated against the community but making the community to serve such purpose is better.

[RokokGudangGaram]

Those scams that uses Bitcoin's name surely affects the reputation and the credibility of bitcoin towards the view of people who don't know it, first impression really matters and if they only hear about it, it will take too long until the adaption and acceptance of people towards it become possible, and the government can't also blindly support it but if they  want it to become accepted, rather than putting negative news about it maybe they need to persuade or either say something positive about it.

Scammers are everywhere. Whenever it is possible to do it, on whatever platform and through any medium, they will do it. It sure does affect the reputation of Bitcoin and it is no secret that it is seen as a SCAM in general for those who don’t know what it is. It is the fact that they are not educated about this that’s why they believe these things in the first place. And the government won’t really persuade people to use Bitcoin since they do not have a hold and control over it.

[0nline]

BTCBTCMore 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.