Genesis Mining's bitcoin advocacy campaign has posted billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too. The billboards went up shortly after Buffet dissed bitcoin during a…
Genesis Mining’s bitcoin advocacy campaign has posted billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too.
The billboards went up shortly after Buffet dissed bitcoin during a Berkshire Hathaway annual shareholders’ meeting.
The billboards have drawn a lot of support from people on Twitter, some of whom speculate the investing guru doesn’t have any need for cryptocurrency given his wealth.
One tweeter suggested cryptocurrency will get Buffet’s attention when it is eventually used to tokenize conventional stocks.
Genesis Mining’s bitcoin awareness billboard campaign is an effort to educate the public about bitcoin. One goal is to provide balance to the negative impressions that mainstream media often gives bitcoin.
Earlier this month, Genesis Mining organized a “Bankers Against Bitcoin” demonstration at the 2018 Consensus blockchain conference in New York City. The protesters, who presented themselves as bankers, carried anti-bitcoin signs to convey the banking industry’s opposition to bitcoin.
Marco Streng, CEO of Genesis Mining, noted on the Bankers Against Bitcoin website that decentralized technology marks the biggest competition banks have faced and noted that the protest represents what will happen to companies that fail to accept change.
The website noted the #ExploreBitcoin project began two years ago to raise public awareness about bitcoin and blockchain and has already executed numerous campaigns to raise support for the nascent cryptocurrency.
In 2016, The campaign attacked JPMorgan CEO Jamie Dimon, a strident bitcoin critic, with mobile billboards circling the Miami Bitcoin Conference.
In 2017, the campaign criticized journalists for negative coverage of bitcoin.
The campaign has also sponsored signs on top of taxis in Florida that pointed out that the 10,000 bitcoins that purchased two pizzas in 2010 would be worth $2.4 million at the time they were printed. Another taxi sign noted that bitcoin is a technology, not a company or an organization.
Highway billboards in San Francisco and Los Angeles advised people that they can send money for free using bitcoin.
People carrying signs at Western Union stores in Chicago, Washington, D.C. and New York saying “It shouldn’t cost money to send money. Send money for free with bitcoin. Anytime, anywhere.”
The campaign has also provided images that can be posted on social media quoting Eric Schmidt, CEO of Google, saying “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”
More campaigns, Streng says, will be coming.
Featured Image from Twitter
Last modified: January 24, 2020 11:08 PM UTC