Monumentally stupid tweet blows up in blockchain company’s face

The blockchain can’t solve for stupid. 

That painful truth hit the internet-of-things blockchain project Waltonchain hard today, with one Twitter huge fuck up leading to the erasure of tens of millions of dollars in the market cap of its associated Walton Coin.

And people are pissed. 

Here’s what went down: On Feb. 8, the team behind Waltonchain posted a contest to Medium with the goal of spreading awareness about the platform. If you followed the @Waltonchain Twitter account, quote retweeted a specific tweet, dropped #WaltonchainLove in your comment, and tagged someone, then you were eligible to split a pot of 564.96 Walton Coins (WTC) with 213 other people.  Read more…

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