Coindesk, one of the most influential Bitcoin and altcoin sites in the world, published a news story about the adoption of Bitcoin among the extreme right. Yes, according to the mainstream media, only the right-wing can be extremist.
The article says that Bitcoin as a means of payment is growing among the "far-right politics". “This is important because domestic terrorism in the US is associated with these rising groups,” says journalist Ian Allison. But what does the news say? The report says that the symbol "1488" — 0.001488 BTC — about $50, would be a Nazi number. Making a $50 donation in BTC is the same as leaving "Nazi marks".
What I think.
Bitcoin is just a technology where people voluntarily exchange values. Coindesk's attempt to attribute right-wing thinking to Nazism and terrorism is not correct. This is an attempt to put fear in the readers' imagination. To be right-wing in politics is not to be a terrorist or a Nazi. Nobody likes Nazis and terrorists. Maybe it's Bitcoin freedom and free association that's bothering the Coindesk journalist.
People who share ideas that bother authoritarian governments around the world need voluntary donations. They are not Nazis. Bitcoin is the best alternative, as it is not yet controlled by the socialist elite. In my opinion, this news is an attempt to attribute right-wing thinking to Nazism. This is false. Good people can be right-wing. In authoritarian countries, where the left-wing is in power, like , governments intimidate social media and payment methods. They persecute their opponents. They call these people “extreme right”. Authoritarian states say that these people engage in “domestic terrorism” while it is the state and bureaucrats itself that is arresting and persecuting its citizens.
Politicians are bothered by the fact that these people voluntarily exchange values and ideas.
Who really are the Nazis and terrorists?
The problem is not social networks or Bitcoin.
Politicians and the mainstream media have always been great allies because they know the power of ideas. Ideas matter. In this century, we have seen the revolution of social media and Bitcoin. What do these technologies represent? They are voluntary ideas and values.
Have you ever thought about how the quality of news you consume would be without social media? These networks are a fundamental part of our lives because people voluntarily share what they want. Politicians, bureaucrats and billionaires don't like it. The same happens with Bitcoin and cryptocurrencies. Money is also information. Bitcoin brings true financial freedom because it doesn't ask permission from any bureaucrat - or liberal journalist - about what you should or shouldn't do with your money.
Final thoughts
News like this from Coindesk serves to capture the ideological use of Bitcoin. Politicians want you to think and spend in their way. They want to stop you from voluntarily funding people who are fighting against authoritarianism in the world. They want you to be afraid. The internet has brought a new information paradigm. Think about it. People still communicate freely and exchange values voluntarily thanks to technology. The world is gradually getting rid of authoritarianism and bureaucratic control of money and thought - whether left or right. Don't let news like this influence your decisions. A new paradigm is necessary.
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