A recent social media post on platform X advocating for the removal of Bitcoin (BTC) and Satoshi Nakamoto accounts has garnered significant attention within the cryptocurrency community.
A recent post on social media platform X, authored by the user Pledditor, has been gaining momentum within the cryptocurrency community. The post calls upon Elon Musk, the owner of platform X, to take action and remove the accounts associated with Satoshi Nakamoto, the anonymous creator of Bitcoin, and another account with the handle @Bitcoin.
The user Pledditor, in a tweet posted on October 2, 2023, tagged @ElonMusk and pointed out that the @Bitcoin and @Satoshi accounts appear to be in violation of the platform’s terms of service due to their use of “misleading and deceptive” identities. The tweet urged Elon Musk to remove the verification checkmarks from these accounts.
The X platform has stringent impersonation policies outlined in its terms and conditions. These policies explicitly prohibit users from misappropriating the identity of individuals, groups, or organizations or using fake identities to deceive others.
Following Elon Musk’s decision to allow anyone to purchase a verification checkmark, numerous accounts began impersonating various brands and celebrities on the X platform. One notable incident involved an X account impersonating the US pharmaceutical company Eli Lilly, falsely claiming that “insulin is free now.” This misleading information led to a significant decline of over 4% in the company’s actual stock prices.
X user Pledditor highlighted the fact that these impersonating accounts were in clear violation of the social media app’s rules. They further substantiated their claim by sharing images from the X help center that outlined the platform’s policies regarding impersonation and deceptive behavior.
The identity of Satoshi Nakamoto has long been a subject of intense speculation and debate within the cryptocurrency community.
There is an X account that claims to be associated with Nakamoto, and it was linked to another user named Andy Rowe back in 2018. Rowe mentioned in a previous post that he gathers “quotes” for the Satoshi account.
Although the Satoshi account has been inactive since October 31, 2018, it recently made a post on October 2nd, hinting at discussions about various components of the Bitcoin whitepaper in the upcoming months.
The true identity of Satoshi Nakamoto remains a mystery, and over the years, several individuals have claimed to be Satoshi. One notable claim comes from Craig Wright, who, on July 21, received permission to appeal in a UK court regarding a Bitcoin rights lawsuit in which he asserted ownership of the Bitcoin whitepaper and database.
The Bitcoin X account, in contrast, has maintained a much more active presence on the platform recently. It regularly shares updates about the latest price movements of Bitcoin (BTC) and posts images related to BTC.
This account is verified with a blue tick on X, indicating its authenticity. Impressively, it boasts a substantial following of over six million users on the social media platform. Its bio succinctly describes Bitcoin as an open-source, censorship-resistant, peer-to-peer, immutable network. It emphasizes the importance of verifying information and the fundamental principle in cryptocurrency: “Not your keys; not your coins.”
The crypto community appears to be largely supportive of Pledditor’s claims regarding the misleading accounts. Many members of the community view these accounts as deceptive, and some even find their presence on X to be embarrassing.
One user mentioned having made previous attempts to notify platform administrators about these accounts but received no response, indicating a sense of frustration among community members regarding the lack of action taken.
Another community member suggested that Elon Musk should handle the situation similarly to how the platform reacted to the @internet account, which has since been deactivated, implying that decisive action should be taken.
As of the time of writing, both the Bitcoin and Satoshi accounts still have the blue verification checkmark and have not publicly responded to Pledditor’s post. The Bitcoin account has continued to publish content related to cryptocurrencies.
Elon Musk, who often interacts with and is closely watched by the crypto community, has not responded to Pledditor’s post either, leaving the community eagerly awaiting any potential developments.
