Why I'm boycotting bitcoins.

[Digicoiner]

Maybe the white male developers couldn't get jobs in big corporations so they had to be innovative.

Bitcoin and other digital currencies are meant to be for everyone and will probably help many in developing countries without bank accounts.  Do some research.  It's never too late to be involved.

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[cdog]

This just in: Bitcoin is biased against stupid people!

Next up: water is wet, fire hot

[beetcoin]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

i'm pretty sure, knowing what you know now, you would have bought bitcoin 3 weeks ago when it was $110.

[drrussellshane]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

i'm pretty sure, knowing what you know now, you would have bought bitcoin 3 weeks ago when it was $110.

Sure he would have bought.

And then sold and used his profits to help homosexual low class black women with little access to technology.

Right, OP?

[beetcoin]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

i'm pretty sure, knowing what you know now, you would have bought bitcoin 3 weeks ago when it was $110.

Sure he would have bought.

And then sold and used his profits to help homosexual low class black women with little access to technology.

Right, OP?

first off, i'd like to say that i do believe in bitcoins... but it's still a very high risk asset to hold. with that said, i think there are always a few guys like these in a crowd. he made this post, and if BTC goes down the drain he'll refer back to it and tell everyone "i TOLD you guys BTC was bullshit," feeling mighty and presciently all-knowing. if BTC goes to the moon, establishes a base, and then flies off to mars... then he'll keep his mouth shut (years down the road). it's a win/win scenario.

[pening]

Poor people in africa with smart phones are already conducting electronic transfer of funds to eachother, either with bitcoin or local currencies just like it.

Do some research.

Bitcoin is the Great Equalizer.

The very opposite of what you have presented.   The 6.5 billion other people with no access to bank accounts will, for the first time, be able to hold and transfer money.

The OP is right, apart from the sniping at stereotypes.  I'm surprised and slightly frustrated by the response because it really only reinforces the secondary point that its a toy for nerds.

Take this response above: the guy in Africa with a smart phone, power to charge it and a SIM is relatively wealthy to those around him and many others without the smart phone. Most of 6.5 billion people do have access to a bank account if only they had the cash and a completed bank application. To acquire a bitcoin they need the cash to buy equipment to access the bitcoin system.  there's a barrier to entry either way, only a technological barrier, rather than an administrative one.  

You want to address this problem, you have to recognise it, and help make the equipment available - thats the difference that the bitcoin can have.  I'm surprised people dont see this and don't understand this, responding with hostility, or is it denial?  

[Sage]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

May as well boycott the tide my friend.  See how that goes for you.

[marcotheminer]

Everyone picks up bitcoin easily!

[CoinCidental]

Poor people in africa with smart phones are already conducting electronic transfer of funds to eachother, either with bitcoin or local currencies just like it.

Do some research.

Bitcoin is the Great Equalizer.

The very opposite of what you have presented.   The 6.5 billion other people with no access to bank accounts will, for the first time, be able to hold and transfer money.

The OP is right, apart from the sniping at stereotypes.  I'm surprised and slightly frustrated by the response because it really only reinforces the secondary point that its a toy for nerds.

Take this response above: the guy in Africa with a smart phone, power to charge it and a SIM is relatively wealthy to those around him and many others without the smart phone. Most of 6.5 billion people do have access to a bank account if only they had the cash and a completed bank application. To acquire a bitcoin they need the cash to buy equipment to access the bitcoin system.  there's a barrier to entry either way, only a technological barrier, rather than an administrative one.  

You want to address this problem, you have to recognise it, and help make the equipment available - thats the difference that the bitcoin can have.  I'm surprised people dont see this and don't understand this, responding with hostility, or is it denial?  

the scammers from nigeria and ghana can manage to access the internet to rob people and trick them into transferring money  for many years now
if they can do that they could also contact a bitcoin exchange and arrange  to buy a few coins

im sure banking regulations in africa are  not too strict either so anyone with some money could invest in btc 

[TR4L]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

Yes, because China, who is currently moving most of the money, are all middle class or higher white males and fit your general stereotype perfectly  
This comment doesn't even deserve a proper response.

White people are 8% of the world population. White males are about half of that. So either prove less than 4% of bitcoin users are white males or admit you're full of BS.

You're racist!  You're boycotting it because white people use it?  RACIST!  Go away.

[gjbronco]

bitcoin will benefit the poor more than rich.

simply because bitcoin cannot be devalued, unlike national currencies......

poor people always suffer the most during inflation

Inflation is a wealth transfer from the people to wall street to the central banks.

[Mondy]

Eventually you will give in to btc!

[KonstantinosM]

Bitcoin is one of the greatest things that ever happened. It leveled the financial plane so that all of us can be free from the mess of the previous system if we chose to use it.

The community is here with the common purpose to promote it, discuss it and build on top of it. If I where you, I'd educate myself first, delete my account and then create another one to have a fresh start in this great part of history.

If you are closed minded and ignorant enough of reality as well as naive enough to believe the fiat of your government and the bankers have your best interest in mind you should stay out of the crypto scene.

Since-fuckyou-rely
the bitcoin community

[og kush420]

bitcoin is a step in the right direction. its not the end of the line though. there will always be improvements. and while white men may be over represented, at least its YOUNG open minded and educated people who are gaining power and welath, not old, status quo elitists for the most part. i should add, its not inherent in bitcoin that it will be focused toward men more then women. it is gender roles in society that is responsible for this.

if i had to choose bitcoins user population to be the elite class, i would do it in a second. bitcoin users are the best of the population. and yes, a lot are libertarian. as are a lot of innovators these days. libertarian today in america just means someone who is sick of the current political system. at least to me. i dont think the average libertarian wants corporations to control the world.

[haploid23]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

My goodness, you're dumber than a turd. EVERY point you make is flat out wrong. I'm actually surprised you even know how to type.

[theecoinomist]

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

Going pretty good so far

[btcxyzzz]

Bitcoin is completely voluntary. In contrast to FIAT Currencies nobody forces you to use Bitcoin and hopefully no one ever will.

That really sums it up, and it's fundamental difference compared to fiat. No one is forced to use it, but people do want to use it because they know there is no central issuing agency that can play with inflation however they fucking want.

[Arksun]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

Same arguments can be applied to using the internet itself, yet here you are, using the internet to post, will you be boycotting yourself from the internet as well to reaffirm your point?

[Mike Christ]

Bitcoin is completely voluntary. In contrast to FIAT Currencies nobody forces you to use Bitcoin and hopefully no one ever will.

That really sums it up, and it's fundamental difference compared to fiat. No one is forced to use it, but people do want to use it because they know there is no central issuing agency that can play with inflation however they fucking want.

No one really has to use fiat currency either.

True; they could always sit in jail for failing to pay their taxes

[Mike Christ]

Bitcoin is completely voluntary. In contrast to FIAT Currencies nobody forces you to use Bitcoin and hopefully no one ever will.

That really sums it up, and it's fundamental difference compared to fiat. No one is forced to use it, but people do want to use it because they know there is no central issuing agency that can play with inflation however they fucking want.

No one really has to use fiat currency either.

True; they could always sit in jail for failing to pay their taxes

Do you know of any case where anyone has ever been put in jail for failing to pay their taxes, when they had no money to pay their taxes with?

That would imply vagrancy; I'm not sure which is better.  In one case, you get shelter and meals, but in the other case, you're less likely to be sexually assaulted...