Bitcoin Forum

This is a controversial topic in my opinion:

‘Bitcoin and Black America’ Author: Protest by Buying BTC (https://cointelegraph.com/news/bitcoin-and-black-america-author-protest-by-buying-btc)

https://i.imgur.com/2EumLNl.png

https://twitter.com/bitcoinzay/status/1267131490627878918

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- are they not transforming the protests into problem that should not be discussed at this time?

- are they not using bitcoin to join the fight against racism?

it will be something like these:

https://i.imgur.com/7bCEyyw.jpg

are they good for bitcoin?

I do not know the USA and I do not know what the injustice of blacks in the USA should be like, but in my country racism has been overcome a few years ago, of course it has one focus and the other, but it is not something alarming and the banking system is for all people of my country regardless of skin color

It's not a movement or something, it's an author of the book trying to capitalize on the protests to promote their book. IMO any person who does this is automatically untrustworthy, and more shady people is not what we need, there's already too much scammers in this field. Maybe some day the author of this book will start posting those "crypto giveaway" scams on their twitter, or maybe they'll launch an ICO scam or start endorsing bcash.

Besides, it's not like banks are racist, the problem is with cops and some citizens, so I don't see how Bitcoin is a solution here.

Mate, I hope this is the last topic here about bitcoin, protests, riots and lootings in America.

I didn't read the whole book but it somehow highlights the alleged "racism" or favoritism by financial institutions (i.e. financial services not equally given to both Blacks and Whites). To be honest, it looks like they're also using their color to push their own agenda. 

It looks like this:

Mr. Floyd (RIP) is a Black man. Blacks don't receive the same financial services like Whites. Therefore buy bitcoin because bitcoin is not controlled by any financial institution.

^ It's probably not an accurate representation but that's how I generally see it.

Why the sudden connection of bitcoin and racism?
I don't understand.
Is it like a rebellion to their government since they are against bitcoin?

The author seems to be overreacting.
I think he is just using this bad event for his own profit. It's not cool.

Maybe this post I made yesterday might clear it up a bit.
They wanted to get an answer from one of the protesters who happened to be black and they didnt like it when he mentioned about bitcoin because they turned the camera away immediately to not let him finish.
You should read the comments from that reddit post where the video first appeared from a spanish news station.
They are quite funny but accurate at the same time. :-[

I try to put myself in their shoes and if I am not mistaken, there's a probable reason that they advertise bitcoin because they want to detach to their financial system. But I can't still find the relationship why they need to do it in relation to promote anti racism of colors. Because basically if they want equal treatment, there's no reason for them to associate bitcoin with their sole purpose of being part of the protest.

One other factor is that, maybe these people are just die hard fan of bitcoin that's why they take the opportunity to advertise it. I'm just not convinced how appropriate it is to be mixed with racism protest.

A better advise could be, wear those shirts and hold those tags in a football match or any mass gathering events not this protest. Stop it, it's awkward and cringy believe me.

I don't have a problem with this. I don't know the book or the author, but my heart goes to protesters because the fact that racism is still a thing is disturbing. I've encountered different accounts of why Floyd was stopped by the police in the first place, but both had to do with money: it was either a suspicion about a $20 counterfeit banknote or about a potentially fake check he was writing. In any case, Politics and Economics are not completely separate areas. Plus Bitcoin was created in opposition to centralization and traditional institutions, quite in accordance with Austrian liberalism of say, Hayek. Hayek argues that decentralization offers more space for freedom and less space for despotism. Contemporary liberalism (it hasn't always been like this) in political sense presupposes not only freedom but equal treatment of people regardless of sex, race etc. So it seems natural to me that in such a case as with Floyd protesters would also promote BTC.

It has something to do with unequal rights of the white and the black people in America.

Most black people in there do not receive the same financial privileges that banks offer because of their color. Modern-day racism still happens greatly even in these kinds of services. Now, the author is trying to tell people to support bitcoin and leave the financial system to let them know their losses were far greater than that of the blacks in the future. It might be too stretched of an explanation but that's what the author is trying to say basically.

Oh and yeah, of course, to also promote and sell his book, too.

The racist issue that was followed by riots was already common in America. But in 2020 the escalation is greater because many parties have made this racial issue a proxy for bringing down Trump, both from the Democrat Party and from abroad to break Trump's concentration in international politics.

Associated with the issue of racism, bitcoin is a form of breaking into the fiat money hegemony issued by the government conducted by Satoshi. Satoshi did the actions normally carried out by a country called printing money even though the currency rules can only be issued by a country as a means of payment and to print money there are mandatory rules that have valuable guarantees such as gold and dollars as the Underlaying. But Satoshi voiced distrust over what the central and state banks were doing.

So bitcoin is a form of a symbol that is considered the same by the people to break down an existing system, other than that maybe demonstrators learn from demonstrations in Hongkong that do the same thing.

I think These Bitcoiners only taking advantage of the situation imagine Big media company are on this and they are broadcasting Live most of the time so if these people can at least make 1 or 2 media exposure this is one Big Help for the community of Bitcoin and the whole cryptocurrency market.

And about Racism ?i don't think there is connection between the situation and what is inside Black american and Bitcoin.

The important part in this is we as Bitcoin users are benefiting in this situation and may help the bullying of Crypto again.

I agree. All the adverts I see from companies over the last few months trying to tie in to Coronavirus have been bad enough, but this is a step up again. This is a huge protest against endemic racism. The author shouldn't try to use the publicity it generates to promote their shitty book. FFS.

From the point of view that the black community in the USA has less opportunity to access the banking system. I agree that they buy Bitcoin and I disagree with the violence and the people who want to take advantage of the situation. The posters represent the voice of the protesters and those they believe. These protests say many of a community that has been ignored by the system.

I hate it when people link Bitcoin to controversial politics to get attention or even free marketing for Bitcoin. There are much better ways to market Bitcoin without all the controversy.  >:(

The negative consequences of these actions and the political back lash is must worse than the little bit of advertising that Bitcoin got from those actions. Bitcoin is a currency.... not a damn tool to cure people from racism or a cure for corruption.  ::) 

If you want to link something with Bitcoin, then link it with something good. (like charities)

Bitcoin is anti-system so ther'e doing the right thing trying to use it as a tool for protests.

If they don't support what the government is doing they also should not support the current monetary system and show it by using Bitcoin instead of government issued fiat money.

I don't agree with using Bitcoin like a tool in a race war but i'm ok with it being used in an anti government campaign.

no they are not. they'd be rekt and without money since the government will only impose more rules on them. its not the best time to be anti government while there is corona yet. doing protest and mass gathering will just wipe them all up in the face of the world. this itself is a revolution in the act since gathering is already prohibited.

They're basically forcing the topic of Bitcoin to the racism factor. Sure, the dude actually made me laugh when he mentioned BTC in the middle of an interview about a riot for racism, but when you think of the reason for their rally and his reason for adding Bitcoin, there was absolutely no need for it. If you don't like the government then buy BTC instead of $? Then by the same notion if you're against the government then don't use the benefits they give out, the public facilities, etc. That notion is stupid ngl, even if you hate the government, you're free to use $, if you hate China, you're still free to use Chinese products, if you hate Trump, you're still allowed to live in the US. Adding BTC to the fight for racism makes them seem like they're just using the name of BTC to add the community to the fight against the government.

This just complicate things for Bitcoin though and how everyone will think that they are supporting the protest or the movement by buying BTC? Doesn't make sense at all. I think its better for Bitcoin to stay away from any political movement across the globe.

It was not designed to be used as a tool, in my opinion. And for those who are going to buy because of this, do they really know what Bitcoin is? It could backfire on cryptocurrency in general, if such event happens whether in US or EU or ME and someone will stood with a placard with "Buy Bitcoin".

There are always racism and discriminations over the world, in any nations. It is only different in level of severity. Even when you think it is completely solved by laws, governments, it has always been here. There are always odds to see one person who reacts so badly per 1 million good people. But if it occurs, it will be considered as racisim or discrimination in your community / population.

About the photo, I don't think it is a good way to promote Bitcoin and I believe it brings side effects, instead.

As I've been saying in similar threads, this is getting misplaced. The more protesters will call for something else, the more the main issue is getting blurred in the background. Not to mention the looting, the arson, the hurting of other people, and so on.

A protester asked for a message to the family of the very individual victim of racism responding by talking about macroeconomics is blurring the picture.

It is one thing to take inspiration from the death of a black man; it is quite another to drag the entire issue into something else.

I fully agree. There is no connection whatsoever with Bitcoin and racism. Of course, the current exploding protests are now directed at the government and not anymore at the police system or those responsible with the death of a certain black man. And so somebody thought that they can use the name of Bitcoin to make their political statement. Bitcoin should be free of politics as this can be a bad promotional formula.

I'm sorry, but is fighting against racism bad? To me defending human rights is just like charities. Of course, some protesters go violent and this isn't good, but the police also goes violent. If KKK promoted Bitcoin, this would be controversial and unpleasant, but we're talking about people of all races uniting for equality and demanding changes of a problematic system that treats people unequally and, in any case, violently.
And Bitcoin is indeed showing a way of using money without fearing any discrimination because of pseudonymous transactions, so I disagree with those saying Bitcoin has nothing to do with it.

I'm happy to see someone promoting bitcoin but not in this way people will find it unpleasant thing since its been advertise on the wrong place and might also this could give a bad impression to the government and instead we can get an adoption we will get an opposite reaction to the people also with legal bodies. It's best to promote bitcoins in a good way since it could give positive approach not just like that since it promotes hatred and violence.

i feel like at this point it is just random people trying so hard to take advantage of a serious situation to advertise bitcoin and failing at it too. it is just too small to be considered a "movement" as we can already see there is absolutely no change in bitcoin price or the demand for it, things are moving up on the same trend as before.

This. I wouldn't say random people though, but those who are obviously invested heavy on bitcoin are in the front and try to get advertisement and push their narrative for every "movement'. However, it failed, the price didn't move, on the contrary, we have seen some minor dip, but I'm sure it's not related.

Let this peaceful movement continue (without the looting) and send their message across, but please stop riding bitcoin with it.

Bitcoin has no connection to racism and discrimination. Bitcoin is maybe against the fiat system and the FED but absolutely has no connection to racism. Therefore i do think that his person has misunderstood bitcoin or is just promoting it wrong

I can't understand how buying Bitcoin will help to overcome racism too. Bitcoin will be a payment method and residents will refuse to use dollars?

There's no good or bad time to be anti government! You either are or you're not.

Corona doesn't mean anything. We don't even know what effects it has on people since half of the infected have no symptoms and out of the other half maybe one for every 10 needs to be hospitalized.

Your comment proves that the pandemic made people more scared and awaiting for the government to save them and this is what the government really wants to seize more power.

Now look at this,

(https://cointelegraph.com/news/as-protests-rage-someone-in-crypto-wants-to-make-money-on-george-floyd)

We have a token called “George Floyd Token,” or FLYD in crypto sphere, and this is the result of people taking advantage of this situation. So again, it attract more attention to Bitcoin, and we think it's good for free advertisement.

But when someone takes this to the next level and use George Floyd name and created this shady token, then this is something that we need to inspect as it will bring another negative connotation to crypto space in general.

I created a thead about it to warn people, [Warning]: George Floyd token FLYD (https://bitcointalk.org/index.php?topic=5253899.0).

Buying Bitcoin just for the sake of protesting seems like a stupid idea to me.
I don't know HOW buying Bitcoin can actually change anything in terms of fighting racism and racial discrimination.The people,who are willing to buy Bitcoin have to familiarize themselves with the blockchain technology and the core concepts of Bitcoin.They have to believe in Bitcoin first.Buying Bitcoin just because BTC is an alternative to the fiat money system won't have a long term positive effect on the BTC community and the Bitcoin price,because those newcomers will leave the community and abandon BTC pretty fast.

Buying BTC is basically going against the system we are living in. This is how it helps - you're making moves against it as some kind of revolt. This has no connection to the newcomers abandoning us fast - if that's what they're willing to do, they'll do it whether they bought to protest against racism or not.

I used to think that short-term players are damaging the Bitcoin but it's not really true.. Whoever notices the real potential of it will stay and that's what truly matters. :)

Not really the case because dollar and btc are different things entirely but having just one similar thing, money.
Anyway, I think the Op thread is merely advert base. Taking bitcoin as a factor.

Bitcoin is no connection with the black lives. If I were there at the protest I might make print my BTC's QR codes and post it whenever there is a live telecast of the protest. I saw someone did it a long time ago and he gains a lot of BTC since then. I wonder if it would work this time again but too bad I'm not there at that place to try that of. You need an eye stealer slogan to do that today but as long as you really mean it someone will actually send some Bitcoin and you hold it in your wallet to remain as one of the histories of Bitcoin at its early age.

if people will keep the tension then its going to be the best time for government also to seize more power as they'd want more. both sides will just keep accumulating but never in the history will the government fail to do so. the government is always been that way even in the land of free.

the reality is those who will fight will just fight and then get killed.
one scenario here could be these people will pose like protesting but are targeting someone well known in cryptospace with a huge amount of BTC. or target  a rich individual probably famous too. making these worse that the government will be force to shoot lucky if they were just chalk bullets.

What nonsense! This is not a new movement, this is a person who wants to sell their idea in a book. It's a Scam, but with people's minds. I don't understand how bitcoin and the problem of racism are related.