To me, the problem isn't in the bitcoin itself, and it's supposedly "unsafe". It's that people still don't understand what it is. And that's why it's so easy to fool people who don't quite understand cryptocurrencies. Because they'll believe that it's easy to make money on them, and that someone will give them away for free. Yeah, it's sad that that happened. Because since the verified accounts could be hacked, Twitter has become even more dangerous for other users. But that doesn't mean you should blame Bitcoin for everything. I don't really like it myself, it's very unstable. But that doesn't mean it can only be used for scamming purposes. To me, Blockchain is a promising area that will earn more recognition in the future and develop even more. The problem is only in people who don't want to develop and accept new technologies. This is the past century when something new is associated with scams in people's minds.
Lets not forget genesis block of BTC.
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
https://en.bitcoin.it/wiki/Genesis_block
Gov&elite symbiosis does not like competition in scamming business. It has been their monopoly.
Elite means best. Not just a regular scammer.
Its well organized system, and we dont call it organized crime.
Nothing illegal by definition of law if laws can be changed by lobbyists who orchestrate byrocrats to do so with the money that previous scams pulled in.
Looks more like rigged investment or insider trading at large scale.
System is too big to fail?
Not forever, everything had its time.
Bitcoin freedom is double edged sword. Use for bad or good.
Currently not much freedom...exchenge fees are so high.
Perhaps more money has been been taken by exchenge fees than the bailout mentioned in genesis block....
Did it solve problem?
That "illegal" twitter scam gaining 100k is nothing compered to what elite scammers have pulled off legaly.
Twitter scam will probably get decent news coverage and attention however.
While proffessionals work in the shadows hiring CEOs to do "lifting" work.
This could be my life.