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Author Topic: Think Progress believes Bitcoin is racist...  (Read 4016 times)
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March 05, 2014, 08:30:08 PM
 #41


Every once in a while — most recently with the collapse of online exchange site Mt Gox — the world starts paying attention to Bitcoin, the hacker-project-cum-digital-currency that has garnered the love of a certain subset of people on the internet. Who are those people? According to an online poll from Simulacrum, the average user is a 32.1-year-old libertarian male. By users’ accounts, those men are mostly white.

Breaking that down, about 95 percent of Bitcoin users are men, about 61 percent say they’re not religious, and about 44 percent describe themselves as “libertarian / anarcho-capitalist.” On the last point, the political ideology of Bitcoin users is evident from the fact that the whole idea behind Bitcoin is that it segregates economic markets and currency from a country’s government. Bitcoin aims to be a universal currency, connecting people “peer-to-peer” instead of through set institutions. It wants to replace our current economic system and practices in their entirety — changing the way we buy goods and distribute money. The libertarians, or anarcho-capitalists as the case may be, don’t trust the government to handle their money. They’re the same people who want to “end the fed.”

Those libertarian tendencies are generally held by white men. “Compared to the general population,” an American Values survey reported last year, “libertarians are significantly more likely to be non-Hispanic white, male, and young.” Specifically, 94 percent are white, and 68 percent are men.

Why does Bitcoin specifically have this demographic makeup? Well, there’s a fair amount of privilege built directly into the currency: In order to buy the sometimes wildly expensive currency, Bitcoin users need to be wealthy. And they can afford to put their wealth into a currency that isn’t widely accepted or even recognized. Plus, they move easily through the financial and digital space — the process of “mining” bitcoins demands it; it is all about knowing coding and decryption and how to use an exchange. The sum total of these things — advanced knowledge of computer science, wealth — are also markings of the young, white male.

http://thinkprogress.org/economy/2014/02/27/3341411/bitcoin-privilege/


Accurate re-write

Libertarians have above average skill and honest income, so Bitcoin is currently attracting them in large numbers.
ps. We appear to frighten the females  Cheesy

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March 05, 2014, 10:22:44 PM
 #42


Every once in a while — most recently with the collapse of online exchange site Mt Gox — the world starts paying attention to Bitcoin, the hacker-project-cum-digital-currency that has garnered the love of a certain subset of people on the internet. Who are those people? According to an online poll from Simulacrum, the average user is a 32.1-year-old libertarian male. By users’ accounts, those men are mostly white.

Breaking that down, about 95 percent of Bitcoin users are men, about 61 percent say they’re not religious, and about 44 percent describe themselves as “libertarian / anarcho-capitalist.” On the last point, the political ideology of Bitcoin users is evident from the fact that the whole idea behind Bitcoin is that it segregates economic markets and currency from a country’s government. Bitcoin aims to be a universal currency, connecting people “peer-to-peer” instead of through set institutions. It wants to replace our current economic system and practices in their entirety — changing the way we buy goods and distribute money. The libertarians, or anarcho-capitalists as the case may be, don’t trust the government to handle their money. They’re the same people who want to “end the fed.”

Those libertarian tendencies are generally held by white men. “Compared to the general population,” an American Values survey reported last year, “libertarians are significantly more likely to be non-Hispanic white, male, and young.” Specifically, 94 percent are white, and 68 percent are men.

Why does Bitcoin specifically have this demographic makeup? Well, there’s a fair amount of privilege built directly into the currency: In order to buy the sometimes wildly expensive currency, Bitcoin users need to be wealthy. And they can afford to put their wealth into a currency that isn’t widely accepted or even recognized. Plus, they move easily through the financial and digital space — the process of “mining” bitcoins demands it; it is all about knowing coding and decryption and how to use an exchange. The sum total of these things — advanced knowledge of computer science, wealth — are also markings of the young, white male.

http://thinkprogress.org/economy/2014/02/27/3341411/bitcoin-privilege/


Accurate re-write

Libertarians have above average skill and honest income, so Bitcoin is currently attracting them in large numbers.
ps. We appear to frighten the females  Cheesy

No. Not the females. Just "her"
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March 07, 2014, 04:10:33 PM
 #43


Every once in a while — most recently with the collapse of online exchange site Mt Gox — the world starts paying attention to Bitcoin, the hacker-project-cum-digital-currency that has garnered the love of a certain subset of people on the internet. Who are those people? According to an online poll from Simulacrum, the average user is a 32.1-year-old libertarian male. By users’ accounts, those men are mostly white.

Breaking that down, about 95 percent of Bitcoin users are men, about 61 percent say they’re not religious, and about 44 percent describe themselves as “libertarian / anarcho-capitalist.” On the last point, the political ideology of Bitcoin users is evident from the fact that the whole idea behind Bitcoin is that it segregates economic markets and currency from a country’s government. Bitcoin aims to be a universal currency, connecting people “peer-to-peer” instead of through set institutions. It wants to replace our current economic system and practices in their entirety — changing the way we buy goods and distribute money. The libertarians, or anarcho-capitalists as the case may be, don’t trust the government to handle their money. They’re the same people who want to “end the fed.”

Those libertarian tendencies are generally held by white men. “Compared to the general population,” an American Values survey reported last year, “libertarians are significantly more likely to be non-Hispanic white, male, and young.” Specifically, 94 percent are white, and 68 percent are men.

Why does Bitcoin specifically have this demographic makeup? Well, there’s a fair amount of privilege built directly into the currency: In order to buy the sometimes wildly expensive currency, Bitcoin users need to be wealthy. And they can afford to put their wealth into a currency that isn’t widely accepted or even recognized. Plus, they move easily through the financial and digital space — the process of “mining” bitcoins demands it; it is all about knowing coding and decryption and how to use an exchange. The sum total of these things — advanced knowledge of computer science, wealth — are also markings of the young, white male.

http://thinkprogress.org/economy/2014/02/27/3341411/bitcoin-privilege/


Accurate re-write

Libertarians have above average skill and honest income, so Bitcoin is currently attracting them in large numbers.
ps. We appear to frighten the females  Cheesy
Above average skill and honest income would attract females, wouldn't it?

But the writer does have a point:  If your race/ethnicity/whatever were screwed from generations of free stuff handed to you in US dollars, why would you get involved in an alternative currency? 
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March 07, 2014, 04:32:57 PM
 #44

The very use of phrases such as "rich whiteys' and "women and people of color" interjects the racial divide right into the middle of the conversation.

If I reversed the comments, and wrote an article about "The long heritage of outstanding Caucasians in our community" WITH "Those black ho's"  and "Those black homie street gangsters" how would you like that?

You'll notice of course that she didn't use the phrase "rich whiteys", that was me, for humorous effect Tongue.

No, she doesn't have a point there, except at the top of her dunce cap. I hardly have a "good understanding" of finance, computing, and cryptography.

While it's true you don't need an understanding in order to use it, surely in order to trust it  enough to benefit you need to understand the underlying concepts? Or trust some-one who does. You also need some disposable income in order to invest (sure you can buy $10 of btc but then it's not going to affect you that much even if it goes to $100k/btc). I think the key point here is that bitcoin (like all new technologies, and pretty much all major economic opportunities to be honest) will be best exploited by people who are relatively wealthy and educated, and unfortunately for whatever reasons, white men have better access to wealth and education (in the US at least) than do women or ethnic minorities.

Even if you assume that the US is a completely post-racist, post-sexist society (doubtful) then the racial element of this would still take time to change, because the US has some of the worst inequality and social mobility in the world. The children of the rich get the best education, the best healthcare, early financial support, free mentoring from (presumably) already successful people, and many other advantages (often including direct nepotism), all of which ensure that the ability to earn wealth is just as heritable as wealth itself. And since the rich people were all white when black people gained full legal equality, they mostly still are now. The black children today suffer from the oppressions of last century, even if no-one is actively discriminating against them today (and many still are - see e.g. unequal sentencing, police racial profiling).
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March 07, 2014, 05:13:16 PM
 #45

The very use of phrases such as "rich whiteys' and "women and people of color" interjects the racial divide right into the middle of the conversation.

If I reversed the comments, and wrote an article about "The long heritage of outstanding Caucasians in our community" WITH "Those black ho's"  and "Those black homie street gangsters" how would you like that?

You'll notice of course that she didn't use the phrase "rich whiteys", that was me, for humorous effect Tongue.

No, she doesn't have a point there, except at the top of her dunce cap. I hardly have a "good understanding" of finance, computing, and cryptography.

While it's true you don't need an understanding in order to use it, surely in order to trust it  enough to benefit you need to understand the underlying concepts? Or trust some-one who does. You also need some disposable income in order to invest (sure you can buy $10 of btc but then it's not going to affect you that much even if it goes to $100k/btc). I think the key point here is that bitcoin (like all new technologies, and pretty much all major economic opportunities to be honest) will be best exploited by people who are relatively wealthy and educated, and unfortunately for whatever reasons, white men have better access to wealth and education (in the US at least) than do women or ethnic minorities.

Even if you assume that the US is a completely post-racist, post-sexist society (doubtful) then the racial element of this would still take time to change, because the US has some of the worst inequality and social mobility in the world. The children of the rich get the best education, the best healthcare, early financial support, free mentoring from (presumably) already successful people, and many other advantages (often including direct nepotism), all of which ensure that the ability to earn wealth is just as heritable as wealth itself. And since the rich people were all white when black people gained full legal equality, they mostly still are now. The black children today suffer from the oppressions of last century, even if no-one is actively discriminating against them today (and many still are - see e.g. unequal sentencing, police racial profiling).
TOTAL BULLSHIT!

I don't even know where to start.  The fundamentals of bitcoin are that it can be used on smart phones, and that it can be used in places far away, like Africa, and that it is useable for small transactions.

Thus it is the most powerful tool for economic and hence social justice ever invented.

And by the way, the lecturing on racial constructs wears thin.  Unless you've walked around some cities in Africa a bit...well let's put it this way.....even average blacks from the US doing just that are "rich whiteys".
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March 10, 2014, 09:03:56 PM
 #46

To truly find freedom, peace and a lasting change in humanity, we must relinquish our greed based society for one structured around love and sharing.  The greatest advancements in human history await the day we act as the family that we are, that is when we will truly reap the rewards of what we are seeking.

Best part of this thread.

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March 11, 2014, 06:20:31 AM
 #47

It is absolutely stunning to see self righteous anger these self styled progressives can build up.  I get the opportunity to watch this every day living in western Washington.  Interestingly the author claims that even though they have been wronged by the traditional banking system, the "unprivileged" would not want to to try a decentralized form of financial services.  Interestingly she leaves out the fact that government meddling in the traditional financial sector, promoting the increase in subprime lending precipitated a major financial crisis.  This crisis disproportionately affected those of lower means.  Instead she rails against things like payday lenders as if they are somehow comparable to bitcoin.  She also conveniently leaves out the presence of bitcoin communities in China and South America.  Last time I checked, there were not a bunch of non Hispanic white men in these areas.  Including individuals in these communities would unfortunately skew her numbers making her case for bitcoin as racist tool narrative incorrect.  All in all, the author is sadly ignorant about bitcoin.  Our banks touched off a global financial crisis and they still exist.  One bitcoin related service collapses and the author is about to piss herself with glee because thinks it proves her most hated demographic wrong, the white male. 

Ultimately, selling victim hood is a big business.  In a country such as the US, with a large diverse population, you prop up a group like white males, as some omnipresent boggie man, and then market literature promoting said stance to the rest of people.  I can't believe it hasn't been noted yet, but Think Progress is run by the center for american progress action fund.  This is the political funding arm of billionaire banker George Soros.  If I had to speculate, I would say this is simply a hit piece by a author who knows who pays for her dinner. 

 
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March 11, 2014, 12:27:08 PM
 #48

It is absolutely stunning to see self righteous anger these self styled progressives can build up.  I get the opportunity to watch this every day living in western Washington.  Interestingly the author claims that even though they have been wronged by the traditional banking system, the "unprivileged" would not want to to try a decentralized form of financial services.  Interestingly she leaves out the fact that government meddling in the traditional financial sector, promoting the increase in subprime lending precipitated a major financial crisis.  This crisis disproportionately affected those of lower means.  Instead she rails against things like payday lenders as if they are somehow comparable to bitcoin.  She also conveniently leaves out the presence of bitcoin communities in China and South America.  Last time I checked, there were not a bunch of non Hispanic white men in these areas.  Including individuals in these communities would unfortunately skew her numbers making her case for bitcoin as racist tool narrative incorrect.  All in all, the author is sadly ignorant about bitcoin.  Our banks touched off a global financial crisis and they still exist.  One bitcoin related service collapses and the author is about to piss herself with glee because thinks it proves her most hated demographic wrong, the white male. 

Ultimately, selling victim hood is a big business.  In a country such as the US, with a large diverse population, you prop up a group like white males, as some omnipresent boggie man, and then market literature promoting said stance to the rest of people.  I can't believe it hasn't been noted yet, but Think Progress is run by the center for american progress action fund.  This is the political funding arm of billionaire banker George Soros.  If I had to speculate, I would say this is simply a hit piece by a author who knows who pays for her dinner. 

+1

It's interesting that Soros is not to anyone's knowledge meddling with bitcoin.  Probably doesn't / can't understand it.

 
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March 11, 2014, 03:39:50 PM
 #49

It is absolutely stunning to see self righteous anger these self styled progressives can build up.  I get the opportunity to watch this every day living in western Washington.  Interestingly the author claims that even though they have been wronged by the traditional banking system, the "unprivileged" would not want to to try a decentralized form of financial services.  Interestingly she leaves out the fact that government meddling in the traditional financial sector, promoting the increase in subprime lending precipitated a major financial crisis.  This crisis disproportionately affected those of lower means.  Instead she rails against things like payday lenders as if they are somehow comparable to bitcoin.  She also conveniently leaves out the presence of bitcoin communities in China and South America.  Last time I checked, there were not a bunch of non Hispanic white men in these areas.  Including individuals in these communities would unfortunately skew her numbers making her case for bitcoin as racist tool narrative incorrect.  All in all, the author is sadly ignorant about bitcoin.  Our banks touched off a global financial crisis and they still exist.  One bitcoin related service collapses and the author is about to piss herself with glee because thinks it proves her most hated demographic wrong, the white male. 

Ultimately, selling victim hood is a big business.  In a country such as the US, with a large diverse population, you prop up a group like white males, as some omnipresent boggie man, and then market literature promoting said stance to the rest of people.  I can't believe it hasn't been noted yet, but Think Progress is run by the center for american progress action fund.  This is the political funding arm of billionaire banker George Soros.  If I had to speculate, I would say this is simply a hit piece by a author who knows who pays for her dinner. 

+1

It's interesting that Soros is not to anyone's knowledge meddling with bitcoin.  Probably doesn't / can't understand it.

 

Soros = CAP = Tprogress = Hit piece, calling bitcoiners racists, thus Soros = hit piece on bitcoin community with proxy puppet. Yes he is aware of it and wants to discredit it while "he is not to anyone's knowledge meddling with bitcoin"
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March 12, 2014, 04:20:03 PM
 #50

It is absolutely stunning to see self righteous anger these self styled progressives can build up.  I get the opportunity to watch this every day living in western Washington.  Interestingly the author claims that even though they have been wronged by the traditional banking system, the "unprivileged" would not want to to try a decentralized form of financial services.  Interestingly she leaves out the fact that government meddling in the traditional financial sector, promoting the increase in subprime lending precipitated a major financial crisis.  This crisis disproportionately affected those of lower means.  Instead she rails against things like payday lenders as if they are somehow comparable to bitcoin.  She also conveniently leaves out the presence of bitcoin communities in China and South America.  Last time I checked, there were not a bunch of non Hispanic white men in these areas.  Including individuals in these communities would unfortunately skew her numbers making her case for bitcoin as racist tool narrative incorrect.  All in all, the author is sadly ignorant about bitcoin.  Our banks touched off a global financial crisis and they still exist.  One bitcoin related service collapses and the author is about to piss herself with glee because thinks it proves her most hated demographic wrong, the white male. 

Ultimately, selling victim hood is a big business.  In a country such as the US, with a large diverse population, you prop up a group like white males, as some omnipresent boggie man, and then market literature promoting said stance to the rest of people.  I can't believe it hasn't been noted yet, but Think Progress is run by the center for american progress action fund.  This is the political funding arm of billionaire banker George Soros.  If I had to speculate, I would say this is simply a hit piece by a author who knows who pays for her dinner. 

+1

It's interesting that Soros is not to anyone's knowledge meddling with bitcoin.  Probably doesn't / can't understand it.

 

Soros = CAP = Tprogress = Hit piece, calling bitcoiners racists, thus Soros = hit piece on bitcoin community with proxy puppet. Yes he is aware of it and wants to discredit it while "he is not to anyone's knowledge meddling with bitcoin"
Center for American Progress is a broader base group than Soros, it's where the current White House gangsters basically came from.

If we are seeing a shaping up of the beginnings of an orchestrated sentiment here along the lines of the....

"progressive left = bitcoin is evil"

...that is interesting...
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March 12, 2014, 05:15:39 PM
 #51

It is absolutely stunning to see self righteous anger these self styled progressives can build up.  I get the opportunity to watch this every day living in western Washington.  Interestingly the author claims that even though they have been wronged by the traditional banking system, the "unprivileged" would not want to to try a decentralized form of financial services.  Interestingly she leaves out the fact that government meddling in the traditional financial sector, promoting the increase in subprime lending precipitated a major financial crisis.  This crisis disproportionately affected those of lower means.  Instead she rails against things like payday lenders as if they are somehow comparable to bitcoin.  She also conveniently leaves out the presence of bitcoin communities in China and South America.  Last time I checked, there were not a bunch of non Hispanic white men in these areas.  Including individuals in these communities would unfortunately skew her numbers making her case for bitcoin as racist tool narrative incorrect.  All in all, the author is sadly ignorant about bitcoin.  Our banks touched off a global financial crisis and they still exist.  One bitcoin related service collapses and the author is about to piss herself with glee because thinks it proves her most hated demographic wrong, the white male. 

Ultimately, selling victim hood is a big business.  In a country such as the US, with a large diverse population, you prop up a group like white males, as some omnipresent boggie man, and then market literature promoting said stance to the rest of people.  I can't believe it hasn't been noted yet, but Think Progress is run by the center for american progress action fund.  This is the political funding arm of billionaire banker George Soros.  If I had to speculate, I would say this is simply a hit piece by a author who knows who pays for her dinner. 

+1

It's interesting that Soros is not to anyone's knowledge meddling with bitcoin.  Probably doesn't / can't understand it.

 

Soros = CAP = Tprogress = Hit piece, calling bitcoiners racists, thus Soros = hit piece on bitcoin community with proxy puppet. Yes he is aware of it and wants to discredit it while "he is not to anyone's knowledge meddling with bitcoin"
Center for American Progress is a broader base group than Soros, it's where the current White House gangsters basically came from.

If we are seeing a shaping up of the beginnings of an orchestrated sentiment here along the lines of the....

"progressive left = bitcoin is evil"

...that is interesting...

What is the most amazing thing is, not knowing anything about bitcoin way back when,  I really thought it was a "product" from Occupy Wall Street (the smart ones, not the ones under the tent called "rape free zone)*
"Those lefties created bitcoin I am sure. They will use it to make OWS desires a reality" I used to think. Then I got into it and realized it was beyond any policital movement but a true paradigm shift if its potential is trully realized.. ANYWAY Cheesy

Now it seems the progressives (the one in power and the one on TV, maybe not those here who believe in BTC) are actually defending the banksters, no matter what. How strange. Maybe I am reading this wrong...

* http://therealrevo.com/blog/wp-content/uploads/2011/11/womens-safe-tent.jpg
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March 14, 2014, 11:22:29 AM
 #52

I sort of doubt Soros would be anti-Bitcoin, considering how much anti-communist, anti-Totalitarian, and anti-shitty-government currency he is. My guess is he would still be undecided about it at this point.
Soros is not quite the boogie man the far right media paints him to be.

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March 14, 2014, 12:03:45 PM
 #53

I sort of doubt Soros would be anti-Bitcoin, considering how much anti-communist, anti-Totalitarian, and anti-shitty-government currency he is. My guess is he would still be undecided about it at this point.
Soros is not quite the boogie man the far right media paints him to be.
He is definitely anti-not-my-kind-of-communism, anti-not-my-kind-of-totalitarianism and so forth.  Obviously, he has worked with Obama to instigate totalitarian control systems in the USA.

He has always worked to subvert the US Constitution and has not a bit of respect for it.
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March 14, 2014, 06:29:33 PM
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People think the SATs are racist because they "use words designed to confuse minorities". If you can claim this and get people to believe it, you can claim anything is racist.
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March 14, 2014, 06:59:53 PM
 #55

I sort of doubt Soros would be anti-Bitcoin, considering how much anti-communist, anti-Totalitarian, and anti-shitty-government currency he is. My guess is he would still be undecided about it at this point.
Soros is not quite the boogie man the far right media paints him to be.

I thought he became the boogie man when he...
http://en.wikipedia.org/wiki/Black_Wednesday

And of course all of those...
http://www.liveleak.com/view?i=58f_1289451491

Far right media is pretty powerful if none of these are true  Smiley
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March 26, 2014, 08:43:51 PM
 #56

I sort of doubt Soros would be anti-Bitcoin, considering how much anti-communist, anti-Totalitarian, and anti-shitty-government currency he is. My guess is he would still be undecided about it at this point.
Soros is not quite the boogie man the far right media paints him to be.
He is definitely anti-not-my-kind-of-communism, anti-not-my-kind-of-totalitarianism and so forth.  Obviously, he has worked with Obama to instigate totalitarian control systems in the USA.

He has always worked to subvert the US Constitution and has not a bit of respect for it.

Source? From what I read about him, his actions, and the way things were reported about him, I got the sense that he viewed the Republican right as control-your-life corporatist big government crony types, and supported the more liberal side. I agreed with him: of the two sides, Republicans and Democrats, the Republicans have seemed way more imperialist, totalitarian, and downright crazy over the last decade. Moreso than democrats. And since he was supporting democrats and opposint republicans, the far right media painted him as some crazy socialist, communist, antibusiness boogieman type, despite him putting a ton of effort into undermining communist and totalitarian regimes. I always thought it was rather funny and ironic that Fox News pundits called him an Obama supporting communist, considering how much effort and finance he contributed to the downfall of USSR, and how anticommunist he is.

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March 26, 2014, 11:48:05 PM
 #57

I sort of doubt Soros would be anti-Bitcoin, considering how much anti-communist, anti-Totalitarian, and anti-shitty-government currency he is. My guess is he would still be undecided about it at this point.
Soros is not quite the boogie man the far right media paints him to be.
He is definitely anti-not-my-kind-of-communism, anti-not-my-kind-of-totalitarianism and so forth.  Obviously, he has worked with Obama to instigate totalitarian control systems in the USA.

He has always worked to subvert the US Constitution and has not a bit of respect for it.

Source? From what I read about him, his actions, and the way things were reported about him, I got the sense that he viewed the Republican right as control-your-life corporatist big government crony types, and supported the more liberal side. I agreed with him: of the two sides, Republicans and Democrats, the Republicans have seemed way more imperialist, totalitarian, and downright crazy over the last decade. Moreso than democrats. And since he was supporting democrats and opposint republicans, the far right media painted him as some crazy socialist, communist, antibusiness boogieman type, despite him putting a ton of effort into undermining communist and totalitarian regimes. I always thought it was rather funny and ironic that Fox News pundits called him an Obama supporting communist, considering how much effort and finance he contributed to the downfall of USSR, and how anticommunist he is.

What you've typed above is in no way descriptive of Soros's career.  What I have bolded above in your post is ridiculous.  What you've spun off my comments is inaccurate.  See my bolded statement.
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March 27, 2014, 12:50:15 PM
 #58

Most of the first Prius owners were white males. Should we all avoid buying a Prius because of the racial makeup of its early adopters?

Tesla?

The Internet?

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
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March 28, 2014, 07:25:42 PM
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I'm not totally sure, but I guess most people buying suntan lotion are white. Maybe the cosmetic firms which produce them are racist, too.
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March 28, 2014, 09:15:54 PM
 #60

I'm not totally sure, but I guess most people buying suntan lotion are white. Maybe the cosmetic firms which produce them are racist, too.

The black kings and emperors of Africa never freed their slaves.

The White President of the US, Lincoln, did.
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