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Author Topic: [2018-03-28] White supremacists are investing in an anonymous cryptocurrency  (Read 119 times)
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March 28, 2018, 01:14:55 AM
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My first reaction upon reading this article was, this is not cool. It would have been cooler if Monero took over the the drug market places in the darknet, and from there revive that dying community while giving law enforcement a hard time hehehe.

But seeing violent, neo nazi, white supremacists using Monero is not cool.



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.


Source http://www.newsweek.com/white-supremacists-cryptocurrency-monero-bitcoin-861104

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