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Re:Bitcoin's fungibility graveyard by magicjosh on Saturday February 05, 2022 @03:14PM (#30225385)
The article mentions an account frozen after a deposit from a "far-right donor". I wonder how cryptocurrencies will fill the void left by platforms like GoFundMe. GoFundMe apparently just locked a $10M campaign as it violated their terms and conditions: https://www.opindia.com/2022/02/gofundme-removes-campaign-tr...
Re:Bitcoin's fungibility graveyard by ferdowsi on Saturday February 05, 2022 @03:16PM (#30225425)
GoFundMe is a facilitator for fundraising efforts. If someone wanted to start a far-right crowdfunding site they could without involving digital gold.
Re:Bitcoin's fungibility graveyard by magicjosh on Saturday February 05, 2022 @03:29PM (#30225576)
My understanding is a lot of interesting stuff gets blocked at the payment processor level. So far-right dildos, drug parphanelia etc may have issues that cryptocurrencies solve. If you've never tried to break the rules it's easy for this stuff to be invisible.

Here's a post from Stripe on this issue:

"Behind the scenes, we work closely with payment networks (such as Visa and Mastercard) and banking partners across more than two dozen countries. Each institution has strict legal regulations that govern them and specific rules about the types of businesses they do and do not work with."

https://stripe.com/blog/why-some-businesses-arent-allowed

Re:Bitcoin's fungibility graveyard by darawk on Saturday February 05, 2022 @03:21PM (#30225477)
Or we could just have a politically neutral monetary system in the first place. Imagine that.
Re:Bitcoin's fungibility graveyard by wyldfire on Saturday February 05, 2022 @03:23PM (#30225496)
The money's pretty neutral but brokers like GoFundMe aren't and IMO shouldn't be compelled to be.
Re:Bitcoin's fungibility graveyard by darawk on Saturday February 05, 2022 @03:27PM (#30225554)
I agree with that, except in cases where the number of brokers is small and monopolistic. That's not strictly true for platforms like gofundme, but it is true for payment processors, who are the real choke points in the ecosystem.

My issue with Gofundme isn't that they aren't politically neutral, it's that they took the money first, and then just decided to hold it hostage. Had they not accepted the trucker's money, or just refunded all the donors, or disbursed the funds to the org and then refused to accept anymore, any of those things would have been fine. But what they are doing here is tantamount to theft, and that I do believe brokers should be compelled not to do.

Re:Bitcoin's fungibility graveyard by password4321 on Saturday February 05, 2022 @09:43PM (#30228797)
They are compelled not to discriminate against protected classes.
Re:Bitcoin's fungibility graveyard by cortesoft on Saturday February 05, 2022 @03:39PM (#30225719)
I mean, we do? Dollar bills are politically neutral.
Re:Bitcoin's fungibility graveyard by timeon on Saturday February 05, 2022 @04:11PM (#30226094)
This rules out Bitcoin.
Re:Bitcoin's fungibility graveyard by notreallyserio on Saturday February 05, 2022 @03:44PM (#30225770)
IIRC that's what Hatreon was intended to do, provide crowdfunding for far-right organizations, but it shut down. I wonder if it would have been successful if it went with Bitcoin instead of relying on Visa et al.
Re:Bitcoin's fungibility graveyard by magicjosh on Saturday February 05, 2022 @04:45PM (#30226488)
I had not heard of Hatreon so went looking.

According to a few sites, Visa shut them down. After that Hatreon didn't (yet) get another payment processor setup. Their homepage [1] says: "This site's services were suspended by VISA in November of 2017."

Kicking alt-right people off platforms is a band aid solution. A storm is forming that will explode at some point. You can't just silence people like that an expect good outcomes long term.

I imagine the next big wave of cryptocurrency use will be by alt-right users. They're coordinated, resourced, and tech savvy enough.

Crypto-enabled Spotify, crypto-enabled Patreon/Kickstarter, Crypto-enabled YouTube...basically writes itself at this point. I wonder if there's an alt-right HackerNews out there already.

[1] https://hatreon.net/

Also the founder is the 3D printed gun guy!

Re:Bitcoin's fungibility graveyard by cSoze on Saturday February 05, 2022 @06:26PM (#30227439)
Are they tech savvy though? The "alt-right twitter" was prominantly hacked exposing a ton of personal information.

https://arstechnica.com/information-technology/2021/03/gab-t...

Re:Bitcoin's fungibility graveyard by magicjosh on Saturday February 05, 2022 @06:32PM (#30227502)
No, alt-right as a whole is not tech savvy. But I have to imagine there's some subset of alt-right that is indeed tech savvy.