Wednesday, March 28, 2018

Own cryptocurrency, then you're a racist according to mainstream media as they seek to equate decentralized money with white supremacy

Perhaps one of the biggest ironies in society comes from the fact that as most liberals deem themselves to be elite intellectuals, they often fail to win most substantive arguments on evidence and instead fall back to trying to slander their opponents with terms such as racist, bigot, homophone, and misogynist.  And of course once a debate turns to labeling or name calling, then that argument is immediately lost.

So with this in mind, can we now undoubtedly say that the mainstream and financial medias have finally proven their ignorance when it comes to cryptocurrenices as on March 27 we have now found two distinct stories published that are attempting to equate cryptocurrency ownership with racism and even white supremacy.

Far-right podcast host Christopher Cantwell had already been denied one source of funding even before his name became synonymous with the deadly Unite the Right rally in Charlottesville, Virginia, on August 12 last year. The crowdfunding platform Patreon would be far from the last revenue stream to become off limits. 
After the infamous rally, the Hitler aficionado was turned away by essentially everyone else: He was banned from accessing PayPal, Stripe, and MakerSupport for promoting racism and a hatred of Jews—eliminating the ways that independent content creators typically solicit donations from their fans. 
Cantwell has been using Bitcoin since 2013 but has more recently been promoting Monero, a controversial, decentralized cryptocurrency that promises total anonymity in its transactions. He views it as an alternative way for his white supremacist fan base to give him handouts, but also as a tool that can be used by purveyors of his extremist lifestyle in a more general sense. Monero is growing in popularity among men like Cantwell for the same reason that it's being used among members of the criminal underworld—it enables them to keep their business dealings hidden from the eyes of the law. - Newsweek
Then there was Forbes earlier last week...
"As for the crypto, if it is with Bitcoin then it is relatively simple to see who has moved what to whom when because - contrary to popular belief Bitcoin isn’t anonymous, rather it is pseudonymous," says Meadows.  "So you can still hone in on the individual identities based on their behaviors.  That said, if they’re using Monero, ZCash, Dash (kinda) and others then it would be far more difficult.  What’s important to note is that regular money - fiat currency like dollars or euros - would be an easier method of moving money anonymously.” 
Perhaps but that would depend on one’s definition of “easier” For hate groups moving interstate or internationally as seen via research from the Southern Poverty Law Center, cash would be considered highly inefficient. So much so that the Center has a growing list that it has been building on hate groups that seem to have various forms of digital wallets. 
Thus it would seem that there is some, though not universal, method and level of true anonymity around certain levels of crypto usage that could escape detection from even the best of them should hate groups or anyone else want to use them. -
Ever since its inception, governments and their propaganda arms in the media have used the tired old themes of money laundering and terrorism funding to try to scare the public into avoiding cryptocurrencies.  However since that hasn't really worked out to well, especially in light of the fact that most of these activities occur in banks and other financial institutions supposedly regulated by the government, it appears that their next salvo is to try to equate crypto ownership with that of racism and use the fear of condemnation by the politically correct class to keep the real slaves (debt slaves) beholden to their system of devaluing fiat money.


Post a Comment