Legendary Economist Peter Schiff Drops Scam Bombshell On Bitcoin, Triggers Exodus To This Hidden Gem At $0.0000002

By: bitcoin ethereum news|2025/05/09 19:00:11
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Peter Schiff’s attack on Bitcoin (BTC) sparked a mass investor exodus, as FloppyPepe (FPPE) emerged as the AI-powered meme coin gem priced at just $0.0000002. A shockwave hit the crypto world as legendary economist Peter Schiff branded Bitcoin (BTC) a “total scam,” sending doubt through investor circles and igniting urgent debates about the future of digital assets. Economist Peter Schiff Ignites Bitcoin (BTC) Firestorm On X On May 6, 2025, economist Peter Schiff lit up the digital currency space with a provocative post on X, calling Bitcoin (BTC) “a total scam” inflated by U.S. government stimulus. Peter Schiff dismissed the Strategic Bitcoin Reserve proposal as a con, claiming it dangerously misguides average Americans. His words poured gasoline on long-standing doubts, especially among traditional economists who view Bitcoin (BTC) as more speculative fervor than fundamental value. The reaction was swift as Peter Schiff’s commentary trended across financial circles. The economist’s remarks didn’t just generate noise but triggered exits. Bitcoin (BTC) withdrawals spiked across major exchanges. Several prominent whale wallets moved holdings to cold storage or offloaded entirely. Peter Schiff pointed to the fall of Bitcoin (BTC) as proof of crypto instability and mocked political support for what he viewed as a decaying experiment in decentralized finance. Peter Schiff’s Controversial Bitcoin (BTC) Hypocrisy Fuels Debates And A Shift Ironically, even as Peter Schiff lambasted Bitcoin (BTC), financial reports revealed that his Euro Pacific Asset Management holds €800,000 worth of Samara Bitcoin Bonds. This holding represents over 1.5% of one of the firm’s international bond portfolios. Critics accused the economist of playing both sides; publicly ridiculing Bitcoin (BTC) while quietly profiting off its instruments. Schiff’s 2023 Twitter hack , which promoted a fake GOLD token, resurfaces in this conversation, further tarnishing his anti-crypto crusade. Yet this clash between principle and profit set off a deeper shift. The public watches as the economist flails in contradiction, while emerging players in the crypto world begin to glow with potential. Investors who exited Bitcoin (BTC) didn’t exit crypto entirely. Savvy investors redirected their focus to a hidden opportunity that many missed: FloppyPepe (FPPE). FloppyPepe (FPPE) Emerges As The Smart Exodus Destination With Its AI Utility Amid Peter Schiff’s crypto storm, FloppyPepe (FPPE) stands resilient by blending viral internet culture with real -world AI utility. Priced at just $0.0000002 , it sits poised for explosive entry. What sets this platform apart is an integrated AI Agent that responds, analyzes, and acts within its ecosystem, offering smart interactions and adaptive outputs across text, charts, and trade alerts. At a time when a top economist is questioning Bitcoin (BTC), FloppyPepe’s (FPPE) technological backbone becomes its strongest argument. Investors are buying into intelligence. With the beta live on Telegram, early adopters are already interacting with the ecosystem, proving this is not a speculative ghost chain. Join savvy investors interacting with its AI-powered environment, FLOPPYAI, now. FloppyPepe (FPPE) Delivers On Culture And Utility FloppyPepe’s (FPPE) floppynomics redistributes value: 3% of every transaction is broken down into redistribution, burn, and charity, automatically driving scarcity, rewards, and goodwill. T he meme coin also boasts FloppyX , an AI video bot, and Meme-o-Matic , a next-gen meme generator, making it a cultural force with real functionality. The SolidProof audit adds a layer of legitimacy that is lacking in most meme tokens. With referral rewards that scale and staking already rewarding holders, this platform has structured its ecosystem to reward belief. The project collaborates with a top artist and regularly releases hand-drawn FloppyPepe (FPPE) art, fusing crypto with collector-grade creativity. Take The FLOPPY80 Bonus Before Price Awakens FloppyPepe (FPPE) trades at $0.0000002 , which won’t last. The 80% bonus available now is for takers using the code FLOPPY80. With airdrops and the world’s largest meme wall in development, each token purchased today is a direct tap into the meme economy of tomorrow. While economist Peter Schiff continues his campaign against Bitcoin (BTC), investors are quietly pivoting. FloppyPepe (FPPE) is a strategic escape route with real tech, rewards, and potential. Take the FLOPPY80 bonus while the price is still at a microscopic $0.0000002 before its explosion. Join the FloppyPepe (FPPE) presale and community: Website | Whitepaper | Telegram | X (Twitter) This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research! Reporter at Coindoo Алекс е опитен финансов журналист и ентусиаст в областта на криптовалутите и блокчейна. С над 8 години опит в отразяването на крипто, блокчейн и финтех индустриите, той дълбоко разбира сложния и постоянно развиващ се свят на дигиталните активи. Неговите проницателни и провокиращи мисълта статии предоставят на читателите ясна картина на най-новите развития и тенденции на пазара. Страстният му подход му позволява да разбива сложни идеи на достъпно и проницателно съдържание. Следете съдържанието му, за да сте в крак с най-важните тенденции и теми. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/legendary-economist-peter-schiff-drops-scam-bombshell-on-bitcoin-triggers-exodus-to-this-hidden-gem-at-0-0000002/

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


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