Friday, June 24, 2022

Trump Administration May Be Using Bitcoin, But We Don’t Know Why

Trump Administration May Be Using Bitcoin, But We Don’t Know Why

Apparently White House press secretary Sean Spicer uses Bitcoin. One reporter seems to think they have found evidence that the alleged “butt-tweets” he sent out in January were actually Bitcoin addresses.

Also read: Should Anyone Worry About Bitcoin’s Market Cap Share?

Sean Spicer Allegedly Tweets Bitcoin Addresses

According to independent journalist Laurelai Bailey, mostly everyone got it wrong when Sean Spicer tweeted out a string of characters in January. At the time, most people assumed Spicer had either accidentally tweeted out his password or was just “butt-tweeting” random characters to the public.

Bailey, however, thinks these tweets were actually “identity confirmation codes.”

Spicer first tweeted out the string of characters “n9y25ah7”, then later he followed that one up with another apparently random grouping of characters. Bailey did some investigative research and found a transaction that possessed the exact text as Spicer’s tweet and was time-stamped around the same time the tweet went public.

From bitcoin address 19FkmhHEzgCXKfALXhahuCTDVcRnxT41MK to bitcoin address 1MNDjuPfXt3B66cWPaC17qFLkwd3usufT5 in the amount of 1.13 USD.

Furthermore, she also discovered the address that received the bitcoin had also received over $22,000 USD worth of bitcoin in 3 separate payments, after the one she originally found.

No Connection to Spicer

While all of this is grand and mysterious, one bitcoiner rebutted Bailey’s claim, saying that while the transaction may have been someone’s attempt to record the tweet in the Bitcoin blockchain, the transaction was not executed by the man himself.

He noted the transaction, while occurring on the same day, happened hours after the tweet went public. Thus, it can’t be the case that Spicer tweeted out a Bitcoin address to identify himself to some anonymous person — because the transaction did not even exist yet at that point.

Bitcoin and Government

If Bailey’s claims are true and Sean Spicer’s tweets were actually Bitcoin identifiers, then it certainly would be a strange dynamic considering most nation-states have an awkward relationship with the currency.

Most government officials are still trying to get their heads around the blockchain. For instance,  a group of US congressmen recently formed a Congressional Blockchain Caucus to teach the rest of congress about the tech’s merits.

Another reason the caucus exists is because the tech savvy congressmen wanted their colleagues to know that there is a difference between the blockchain and bitcoin, and one isn’t necessarily the same thing as the other.

They believe this distinction is crucial to the long term success of blockchain because they don’t want it to necessarily be connected to the currency. Governments around the world tend to be publicly cautious of Bitcoin.

Bitcoin’s connection with online black markets and drug dealing surely doesn’t help its case in the eyes of most government officials. Drug busts involving bitcoin are when world governments of the world tend to be most cautious of the crypto.

These tendencies were on full display when the Belgian government seized USD $1 million worth of Bitcoin after conducting a raid on the home of darknet market drug dealer. In this case, after the judge sentenced the drug dealer to 40 months in prison he couldn’t decide how to proceed with the confiscated Bitcoin.

Were Spicer’s tweets were actually Bitcoin addresses, or was it just accidental tweeting? Let’s hear your thoughts below.

Images Via Sean Spicer and Henry Makow

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