News Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto...

Bitcoin’s Unknown ‘Kings’: The Magazine Mystery That’s Got Crypto Guessing

-

- Advertisment -

Bitcoin may be global, but it’s still a small community

This is why a recent Fast Company South Africa story attracted international commentary – and not in a good way. After all, it isn’t every day that relative unknowns get touted as “Bitcoin Kings” on a magazine cover. Still, that’s how the crypto world has been introduced to JT Foxx and Mao Lal.

In a tweet posted Wednesday, announcing its June issue, the two supposed experts were featured in a story titled, “Masters of Cryptocurrency.”

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

The story and the magazine cover circulated widely on crypto Twitter but mainly out of pure confusion.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingTo such quizzical pondering was a manifold of responses. All equally as hilarious.

Some of the responses were just GIFS, GIFS, and more GIFS.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingOthers took a few joking shots in the dark.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

While still others responded with genuine frustration and annoyance.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

All jokes aside

Putting the crypto Twitter commentary aside for a moment, the two individuals featured on the cover of Fast Company South Africa’s June Issue are actual entrepreneurs investing in the cryptocurrency industry.

JT Foxx and Mao Lal represent a company called CryptoGold.

According to available material, it’s a mining company that allows individuals “to purchase shares in mining hardware without having to deal with complex hardware and software.” The company is comprised of “a team of mining experts with their own mining hardware” offering services for five different cryptocurrencies.

It is also reported that CryptoGold recently launched a gold-backed crypto coin dubbed the CryptoGoldCoin last month.

However, for all the information that is available online about CryptoGold and the projects it has launched, there is fierce speculation about its actual legitimacy as a result of the June issue publication.

For starters, the cover of the magazine depicts Foxx and Lal holding a mining device primarily used to secure a cryptocurrency called siacoin used on a cloud storage platform known as Sia.

This comes off as odd given the title of “Bitcoin Kings” and the simple fact that CryptoGold, though it is a cloud-based service, does not mine siacoins.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

Plot thickens

Then, there are the questions to do with the publication itself.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingThe American business magazine, Fast Company, has no clear affiliation with Fast Company South Africa, but rather, has a local section on their website titled “South Africa” suggesting Fast Company South Africa is an entirely different entity.

Confused? There’s more.

In addition, despite the proud sentiments voiced by Foxx himself at being featured as a crypto king, people are wondering what this “wealth coach” actually knows about the technology.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

Others take the bold step by Foxx into an entirely new space as “inspirational” and a sign of his “genius”.

Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingBitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto GuessingAll in all, there are no right or wrong answers here. With the wave of popularity cryptocurrencies have gained in past years, entrants to the space, new and old, continue to multiply.

It simply gives greater reason for all participants to remain ever-cautious of potential fraud and take this story as a lesson in engaging in crypto Twitter.

As for Foxx and Lai? They say all publicity is good publicity. Let’s just hope they use it for the greater crypto good.

Cover image via Fast Company South Africa


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

The Bitcoin Billionaire app and thousands like it – how AI trading is swarming crypto

The appearance of the Bitcoin Billionaire app, an auto trading system changed and overtook the whole crypto...

Buy VPS With Bitcoin: The Top 10 List

In this article, we list the Best web hosting providers you can buy VPS with bitcoin. All...

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...
- Advertisement -Bitcoin's Unknown 'Kings': The Magazine Mystery That's Got Crypto Guessing

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you