The Bitcoin Legend Refutes Paper Bitcoin, Sparking Discussion About the Phenomenon 🚨‼️💯$BTC

Adam Back turned to social media to refute claims about paper bitcoin, asserting that large institutions receive their purchases with custodians. However, a debate emerged where some claimed that this phenomenon is real and that there are billions of fake bitcoins in the market.

The issue of paper bitcoin, which refers to the existence of artificial bitcoin exceeding the 21 million limit on the blockchain, has been gradually gaining attention recently. Some bitcoin advocates point to the existence of this fake bitcoin as a reason for the relative price stability, despite the increasing demand from institutions buying thousands of BTC each week.

Adam Back, the legendary cyberpunk who designed Hashcash, which preceded the proof-of-work consensus mechanism for bitcoin, turned to social media to try to refute the idea that this is a real phenomenon. #BTCWhaleMovement