Max Keizer, a pioneer and maximalist proponent of Bitcoin, launched into criticism of several of the top cryptocurrencies on the market in a recent tweet. He called coins like Ethereum, XRP, BNB (Binance Coin) and Cardano ‘shitcoins’ and claimed that they “created by financial terrorists and used to finance terrorism.”
It’s worth remembering that Keizer is co-founder and chairman of Volcano energy in El Salvador and serves as a bitcoin advisor to President Nayib Bukele. He is also a columnist for the Bitcoin Magazine website and author of “The Book of Max”.
The Bitcoin pioneer and his wife Stacy Herbert were the first to speak extensively about the digital currency in mainstream media in 2011 and is today considered one of Bitcoin’s biggest proponents.
Returning to the tweet, Keizer mentioned several figures associated with such currency terrorists, including Brad Garlinghouse (XRP), Charles Hoskinson (Cardano), Vitalik Buterin (Ethereum), and Cynthia Lummis (Senator), suggesting they should all be arrested: “Do your job and put all the people involved with these coins in jail”, he said.
The term “shitcoin” used by Keizer is a pejorative term in the cryptocurrency community that is often used to describe cryptocurrencies that are considered worthless, useless, or believed to be manipulated or fraudulent.
The word is a combination of ‘shit’ (shit) and ‘coin’ (currency, in the context of cryptocurrency).
Yes.
Shitcoins like ETH, XRP, BNB, ADA and thousands of others were created by financial terrorists and are undoubtedly used to finance terrorism.
Do your job and put all the people involved with these coins in jail; Brad, Charles, Brock, Vitalik, Cynthia, et al.#Bitcoin of… https://t.co/UiZ4B3FnTQ
— Max Keizer (@maxkeiser) October 28, 2023
Bitcoin is God’s money
In the same post, Keizer praised Bitcoin, referring to it as “an irreproducible, synthetic, absolutely scarce digital asset created by humans to eliminate bad central bankers and state actors.”
He went even further, describing Bitcoin as “literally God’s money.”
The Bitcoin maximalist’s statement attracted a lot of attention and backlash from the cryptocurrency community, with his post drawing ire from several alternative currency investors.
While many agreed with his views on Bitcoin, others criticized his approach to other cryptocurrencies.
For most users who defended the cryptocurrencies criticized by Kaiser, the Bitcoin pioneer responded with a simple “HFSP”, i.e. “Have fun being poor”, an expression often used in a sarcastic manner and aimed at people who are skeptical . , or who have decided to invest in other assets.
With almost 540,000 followers on X (Twitter), Keizer is known for his controversial and often blunt statements. He has criticized central banks and traditional financial practices and promoted Bitcoin as a revolutionary alternative.
He often refers to cryptocurrencies other than Bitcoin as “junk” and speaks openly about the need to get rid of the current banking and financial system, seeing Bitcoin as a tool to do this.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
