Today’s Best April Fools’ Jokes in Crypto

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In Brief
  • Jokes poured in from near and far in the crypto community this April Fools' Day.

  • CoinMarketCap got the ball rolling with its Toilet Paper Token.

  • Shots were fired from within the Bitcoin and Ethereum communities.

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The Trust Project is an international consortium of news organizations building standards of transparency.

April Fool’s Day was not lost on the cryptocurrency community. Jokes poured in from near and far as market participants welcomed some levity during an otherwise frightening time.



If you weren’t careful, it was simple to get caught up in the pranks and truly believe that CoinMarketCap had added a Toilet Paper Token, for instance. Pranksters came out of the woodwork, ranging from Bitcoin maximalists picking on rival networks to blockchain startups launching fake products, not to mention shots fired at Satoshi Nakamoto-wannabe Craig Wright. There are too many to count, so we thought we would compile a list of the top crypto-fueled April Fool’s jokes of the day.



Toilet Paper

Let’s start with the one that appears to have started it all — CoinMarketCap’s Toilet Paper Token. The cryptocurrency market data company, which has been receiving a lot of media attention lately, said it rolled out a new coin, dubbed the Toilet Paper Token, even suggesting that the coin muscled Bitcoin out of the way as the No. 1 cryptocurrency on the list with a market cap of $41 billion. Not to be outdone by its own cleverness, the team behind CMC also channeled their inner ICO with a Toilet Paper Wipe Paper, for which there is a blog dedicated.

It’s clearly a play on the scarcity of the toilet paper supply during the COVID-19 crisis combined with the inflation model of cryptocurrencies. CMC seems to have struck a chord with the cryptocurrency community, based on the dozens of replies to its post. And while it’s unclear whether it’s intentional, the “Toilet Paper Wipe Paper” describes how toilet paper was “conceived in China.” Incidentally, so was coronavirus.

Craig Wright

What would April Fools’ Day be without a Craig Wright/Satoshi joke? The team over at Trust Crypto Wallet has us covered, announcing to its Twitter followers that “Craig Wright has been confirmed as Satoshi Nakamoto” before letting the cat out of the bag that it was a joke. The tweet was met with laughter and suggestions that a better joke might be to suggest that Craig Wright admitted he’s not Bitcoin’s creator.

Bull Market

Twitter account “StopAndDecrypt” couldn’t let the opportunity go by without crashing the party for Bitcoin bulls. While much of the cryptocurrency community is waiting for another 2017-like bull run in the Bitcoin price, especially with the halving event weeks away, StopAndDecrypt teased that it was all a joke. The cryptocurrency community didn’t seem to find any humor in it for some reason.

Rainbows and Unicorns

Bitcoin maximalists couldn’t resist the opportunity to pick on rival cryptocurrency and blockchain, Ethereum. The Bitcoin Rrrrrrrrrabbi, author of “Bitcoin Money,” took a jab at Ethereum Co-Founder Vitalik Buterin with the fake announcement that he wrote a new book called, “Ethereum Is Money.” His followers seemed to delight in the fact that the fake book has a rainbow and unicorn on the cover.

Touche’, says Ethereum Foundation researcher Vlad Zamfir.

Not to be outdone, Bitfinex had some fun at its own expense.

Perhaps a good way to sum up April Fools’ Day 2020 in the cryptocurrency community is with closing thoughts from Twitter user Jason Yanowitz.

Of course, if we could just hit the refresh button on 2020 altogether, the cryptocurrency community along with the rest of the world probably wouldn’t mind too much.

Disclaimer

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Gerelyn caught wind of bitcoin in mid-2017, and after becoming smitten by the peer-to-peer nature of crypto has never looked back. She has been covering the space ever since. Previously, she wrote about traditional financial services, Wall Street and institutional investing for much of her career. Gerelyn resides in Verona, N.J., just a hop, skip and a jump from New York City.

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