J.K. Rowling Finds Explanations of Bitcoin From Crypto Twitter Too Confusing

1

On Friday (May 15), when a slightly drunk J.K. Rowling, the author of the Harry Potter series of fantasy novels, asked (on Twitter) for an explanation of Bitcoin, she probably did not expect the huge number of replies she got bombarded with.

It all started when Rowling asked Coindesk reporter Leigh Cuen to explain Bitcoin to her:

I don’t understand bitcoin. Please explain it to me.

— J.K. Rowling (@jk_rowling) May 15, 2020

The Explanations of Bitcoin

Bitcoin is digital money that both Muggles and Wizards can use. It’s not minted by Gringotts or HM Treasury, but secured by digital guardians across the world.

Instead of Galleons, Sickles, and Knuts, the units are bitcoin and satoshi. One bitcoin represents 100m satoshi.

— Jason Lau (@jasonklau) May 15, 2020

Old Fashioned is one of my favorite all time drinks…wish I had a proper masher at home.

Btw #Bitcoin is like fire insurance you’d buy for your home but instead of your home on fire it’s economic & government systems around the world.

— David Nage🎯 (@DavidJNage) May 15, 2020

Imagine if there wasn’t a Gringotts bank anymore and all wizards, muggles and everyone else regardless of where they were born could #beyourownbank #bitcoin @blockchain

— Nicolas Cary (@niccary) May 15, 2020

Imagine everyone’s money on an excel sheet. You need your password to spend. 2% annual inflation paid to secure the sheet. That’s it.#Bitcoin #BTC

— Richard Heart: HEX.win did 116x price!🚀M⬣⬣N (@RichardHeartWin) May 15, 2020

The Offers of Free Bitcoin

Hey @jk_rowling , @block_one_ would be happy to have a Zoom call with you to tell you more about #Bitcoin and would be ready to donate 5 #BTC to a charity of your choice. Blockchain’s impact on everything from finance to collaborative content creation will be profound!

— Brendan Blumer (@BrendanBlumer) May 16, 2020

Let me send you some #Bitcoin to make it even better, download @Coinbase and send me your #Bitcoin address!

— Ivan on Tech (@IvanOnTech) May 16, 2020

I can send you 1 #Bitcoin . Seeing is believing. 😄

— Justin Sun (@justinsuntron) May 16, 2020

Rowling Still Confused and Convinced She Will Never Understand Bitcoin

People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)

— J.K. Rowling (@jk_rowling) May 15, 2020

I know you mean to help, but full disclosure: I’m only allowing myself alcohol at weekends during this lockdown and I’m on my fourth very strong Old Fashioned and honestly, you might as well send me a scroll written in Sanskrit. pic.twitter.com/baMCaB1mEW

— J.K. Rowling (@jk_rowling) May 15, 2020

God bless every single one of you now earnestly explaining bitcoin to me as though I’ll grasp it if you break it down properly. Things like this are white noise to me. I cannot and will not ever understand Bitcoin, but I love you for thinking that I can or will.

— J.K. Rowling (@jk_rowling) May 15, 2020

Tesla CEO Elon Musk agrees that an explanation of the technology behind Bitcoin can sound like Greek to most people, but points out that it still looks more “solid” than fiat currency, especially in the current “money printing gone crazy” climate:

Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet 👻 money look solid by comparison

— Elon Musk (@elonmusk) May 15, 2020

By the way, Musk also casually mentioned the fact that he still owns only a tiny amount of Bitcoin:

I still only own 0.25 Bitcoins btw

— Elon Musk (@elonmusk) May 15, 2020

Rowling’s Admission That Her Initial Inquiry Was a Joke

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

— J.K. Rowling (@jk_rowling) May 15, 2020

What Does This Whole Episode Tell Us About Mainstream Adoption of Crypto?

In the aftermath of Crypto Twitter’s overwhelming response to Rowling’s apparent interest in learning about Bitcoin and Rowling’s subsequent admission that her initial inquiry did indeed start as a joke after she had had four “Old Fashioned” cocktails in her UK home, there was some small amount of anger/disappointment in the crypto community over being trolled by Rowling (a few people event went as far as calling her “J.K. Trolling”).

However, there were also those who found Rowling spending a good portion of her weekend engaging with the crypto community and reading their explanations of Bitcoin as a bullish sign that eventual mainstream adoption of Bitcoin is inevitable:

CZ Binance 🔶🔶🔶

@cz_binance

The fact J.K. Rowling is tweeting about show the inevitability of it.

I guess she is still a “muggle”, FOR NOW, lol.

Sooner or later, we will see in a new Harry Potter book. https://twitter.com/jk_rowling/status/1261405158589771776 

J.K. Rowling

@jk_rowling

Replying to @jk_rowling

God bless every single one of you now earnestly explaining bitcoin to me as though I’ll grasp it if you break it down properly. Things like this are white noise to me. I cannot and will not ever understand Bitcoin, but I love you for thinking that I can or will.

424 people are talking about this

By Siamak Masnavi

Source: https://www.cryptoglobe.com

GM-980x120-BIT-ENG-Banner

Harry Potter author, J. K. Rowling, recently asked for an explanation of Bitcoin ( BTC ) on Twitter, bringing an onslaught of commentary from the crypto community.”This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin,” Rowling tweeted on May 15, adding:Responding to a May 15 tweet from journalist Leigh Cuen, Rowling asked for an explanation of Bitcoin. Folks from far and wide flooded the social media platform thereafter. Among the turnout, Ethereum creator Vitalik Buterin attempted a brief explanation, crypto author Saifedean Ammous offered up a copy of his book, and former Forbes staffer turned podcaster Laura Shin pointed toward an episode of her show. Crypto YouTuber and programmer, Ivan on Tech,  commented  that Rowling might simply be jealous that she did not buy into the asset early enough to make tons of loot. Tech mogul Elon Musk even chimed in, positing Bitcoin as potentially attractive against government money printing, although he still only possesses 0.25 BTC. After several explanatory attempts from crypto Twitter muggles, the famed author said it all still sounded like confusing babble, admitting she also consumed several alcoholic beverages during her Bitcoin-related commentary. Rowling noted many times that she did not comprehend Bitcoin. Amid the frantic and swirling explanations, Rowling said:In a May 16 tweet, noting the crypto community’s antics, Rowling said:As the crypto space still shows its youth, industry participants often exude excitement whenever a mainstream person of high status comments on crypto , revealing the industry still has much room to grow in terms of participation. Cointelegraph offered up its own in-depth explanation of Bitcoin to the Harry Potter author on May 15, complete with analogies from the popular book series. All data is taken from the source: https://cointelegraph.com/

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.