What is the “2020 US Election Trump Blockchain Sting Operation”?

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Last Updated on 10 November 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Both the New York Times and the Financial Times brought forward a rather interesting tidbit of news over the weekend, a conspiracy theory involving blockchain, the US elections and of course Donald Trump.

Although we are a tad surprised that our favorite financial newspaper (FT) joins forces with our favorite regular newspaper (NYT), the stage is set for the most ridiculous of assumptions ever.

Advertentie.

QAnon and Bitcoin… and now this?

Whereas the Financial Times already made a fool out of itself over the summer when it tried to link the rightwing conspiracy of QAnon to Bitcoin, it now went a step further and reported on the, wait for it, Donald Trump Blockchain Sting Operation.

It all started last week just after it became apparent that Trump had lost the election. According to several conspiracy sites, their favorite president knew this would happen all along and had simply used the power of blockchain to store the illegal votes on a site somewhere so that he could track who had voted. The New York Times then claimed over the weekend that Trump was sending secret messages to his supporters via hashtags hidden in his tweets. the Financial Times went one step beyond that and wrote about the “Blockchain 2020 Election Conspiracy Alert“.

The FT even managed to slip in the Silk Road hack of last week into their theory.

Although we are not convinced at this point that Trump’s supporters could have indeed set up a such an elaborate tracking system beforehand, our interest was tickled by the rumble video that the Financial Times linked to prove the elaborate operation. In it, you can hear security expert Steve Pieczenik explain all about the:

blockchain encryption code that is embedded into the illegal votes that the Trump team has been tracking.

Now, although it would have been good news for the world of crypto if blockchain had indeed been used to track the election, the fact-checking website Snopes immediately went to work with the story and concluded that the watermark sting operation was… false.

Bitcoin $15k

Be that as it may, the US election has turned out to bring good tidings for Bitcoin. As Marketwatch is now also reporting, ever since the election result came in for Joe Biden, Bitcoin is quietly making a run at a record high. We would ask Snopes for an opinion on that one as well, but this one we simply know to be… true.