Extremists are hardly alone in benefiting from surging bitcoin values. Early buyers include cryptography enthusiasts, libertarians and professional investors — as well as drug traffickers, money launderers and others who regularly conduct transactions on the “dark Web,” a part of the Internet accessible only by using specialized software that helps shield online activity.

    Also unaffiliated with the far right yet profiting handsomely is WikiLeaks founder Julian Assange, who tweeted in October that U.S. political pressure on traditional payment processors such as credit card companies to stop handling transactions for the site “caused us to invest in bitcoin — with > 50000% return.” In a dig at policymakers who pressured the companies, Assange expressed his “deepest thanks.”

The moral panic around crypto in general and BTC in particular is astonishing to behold. If the investment class were half as involved in decrying the dangers of mortgages as they are about crypto, 2008 would have never happened. Every day, multiple articles are written about how BTC has dropped some heinous amount in the past hour/day. About paragraph 4, they mention how it's still up something like 12,000% since the beginning of the year... and the prices they list are off by a thousand dollars or more because the drops are never permanent.

Nazis? That's new.

    Early buyers include cryptography enthusiasts, libertarians and professional investors — as well as drug traffickers, money launderers and others who regularly conduct transactions on the “dark Web,”

Libertarians, investors, drug traffickers and money launderers.


nil:

Naturally people tend to lump in libertarians with the alt-right but this article is ridiculous. Anyone who is paranoid about the Federal Reserve or global financial systems are going to be totally for Bitcoins. The fact Richard Spencer is interested in it shouldn't be indicative of any kind of overall pattern.


posted by kleinbl00: 325 days ago