Former Overstock CEO and a strong Bitcoin supporter got banned by Twitter after supposedly spreading conspiracy theories as we read more in our BTC news today.
Patrick Byrne, the former Overstock CEO, was an early proponent of BTC as his company was the first major retailer to start accepting the cryptocurrency. however now, he got banned by Twitter for spreading conspiracy theories. Byrne’s account was removed on Tuesday and Twitter has yet to respond to a request for comment but the suspension results from the continued claims that the 2020 election was rigged which shifted the sentiment after the US capitol got stormed by Trump supporters a week ago.
They got Patrick Byrne. Sad day pic.twitter.com/c4rDddTRKh
— john (@regular_johndoe) January 12, 2021
The suspension came after the recent Twitter bans for the pro-Trump conspiracy group which believes the president is fighting the scenes of war against a cabal of “deep state” who are mostly Democrat pedophiles. According to the blog post on Twitter, the platform removed 0,000 QAnon accounts since Friday and the company wrote:
“These accounts were engaged in sharing harmful QAnon-associated content at scale and were primarily dedicated to the propagation of this conspiracy theory across the service.”
Byrne could not be a QAnon adherent as his posts will be easily construed as Qanon associated and he claimed in an interview that there’s a “Communist Party takeover” in the US. In 2014 when Byrne was the head of the company, Overstock became the first online retailer with more than $1 billion in annual sales to start accepting BTC as a method of payment. He was also the main force behind Medici Ventures which is the blockchain initiative branch of the company which worked on everything from blockchain-based systems like tZero and wine as a digital securities trading platform.
He was also a crypto luminary and jumped in three years before the price of one BTC hit $1000 and made him an early adopted in the world of business. The CEO was Michael Saylor before anyone in the crypto space even heard of him but he was an outspoken evangelist for BTC. For the past two months, he was back to his outspoken-ness but not about Overstock but about the US election. Crypto conspiracy theories have been exclusive but Byrne’s recent run put him towards the fringe of BTC adopters. He claimed to have funded a team of hackers that compiled evidence which proved the election results were fraudulent.
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