Reddit Website Calls Bitcoin A Scam – At first glance, the social discussion website Reddit appears to have joined the ranks crusade against Bitcoin. If you search the entire site for the word “scam”, one of the top three results is Bitcoin.
Just what’s going on? Has the website turned its back on the crypto asset space, or is there something much more innocent behind the seemingly defamatory search results?
Hey Now Reddit, We Thought You and Bitcoin Were Cool?
Bitcoin has been previously called many things by those with a vested interest in its demise. Jamie Dimon, the CEO of JP Morgan Chase, famously described it as a “fraud” just as the last bull run was kicking into overdrive in September 2017.
Meanwhile, billionaire investor Warren Buffet got a little more creative with his insults, deeming the cryptocurrency “rat poison squared“. It’s hardly surprising that these clear representatives of the old system would attack Bitcoin. After all, who ever heard of a turkey voting for Christmas before?
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However, it appears that a resource without such clear self interest in maintaining the global financial status quo has joined the ranks of the Bitcoin naysayers – the social discussion forum, Reddit. Visit Reddit’s homepage today and do a quick search for the word “scam”. You will see that the subreddit r/Bitcoin is listed amongst the top three results.
Hitting “view more” shows that it’s not just Bitcoin that has apparently evoked the ire of Reddit. The crypto-focused subreddits r/Cryptocurrency, r/BTC, and r/Buttcoin are also listed as top results.