Topic: [2018-11-10] Hate Pays: Neo-Nazi Site Daily Stormer Has Raised Surprising Amount (Read 171 times)

An exchange isn't going to list a coin that might cause them to potentially lose thousands of users, which instantly trashes the incentives for these coins to exist. In other words, it makes way more sense to use an established coin for this sort of fund raising.

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I can't even blame news outlets for covering this non news, it's just another article generating them revenue in a time where there is a dire need of news worthy content.

In the end, everyone has the freedom to raise money for whatever purpose, and I'm glad that people have that freedom. People need to grow a thicker skin. Most of the average joes are indoctrinated robots instantly classifying anything their government doesn't approve as criminal activity. This ain't no kindergarten. Get a life.

Don't forget that we also want to destroy the planet by heating up the global temperature by 2 degrees via mining and also we want to consume all the worlds electricity.

All this FUD sounds ridiculous to us, but people who are not familiar with Bitcoin or technology in general might easily believe it, especially if politics begin to get involved.

There hasn't been much mention of bitcoin being used for race hate support, this is quite a new one. In fact i'm surprise that no-one has created some type of neo nazi coin on one of the scammy platforms like WAVES. Hopefully no one ever will!

*sigh*

First, Bitcoin users were all drug dealers and terrorists, now apparently we're all neo-nazis (who deal drugs and traffic slaves)


Get used to this everyone, stories subtly implying that freedom can only be terrible and that being a corporate serf is the best will continue forever.

The Daily Stormer is a “white nationalist” blog replete with meme culture, poor grammar, and the expected, constant barrage of sexist and racist remarks. Over the years it has continually had its domains yanked, hosting revoked, and, of course, most normal funding services like PayPal refuse to allow it to do business on their platforms.

Daily Stormer Uses Bitcoin to Crowdfund Operations
As such, bitcoin and other cryptocurrencies present a unique solution for the blog. Many cryptonaughts inherently eschew censorship and laud free speech, and bitcoin is by nature censorship resistant. (Note that bitcoin is not inherently anonymous, but certainly, there are a number of blockchain products which can help it to be, and there are privacy coins built on the same idea as bitcoin which aim to be by default.) The old saying, in this author’s opinion, rings especially true with a group like the Daily Stormer: popular speech needs no protection due to its popularity. It’s the unpopular, perhaps in some cases reprehensible, speech that needs to be protected.

That doesn’t mean people have to do business with hate groups, and as noted, several companies have decided not to. The site’s founder, Andrew Anglin, has opted to avoid advertising, likely more because few if any companies could survive the backlash of advertising on such a platform.

According to the donations page, Anglin and company do what they do “to preserve Western Civilization,” which includes such high-minded pursuits as Holocaust denial. And apparently, according to the Bitcoin blockchain, their efforts are far from fruitless.


Over 47 Bitcoins Received to Date

The Daily Stormer’s bitcoin wallet received its first donation in January 2017. The initial opening balance was just 0.0015 BTC. From there, they have received more than 1,100 more deposits, totaling over 47 BTC at time of writing. With an average beginning of the month (when bills are due) price of $8,950 over the past 12 months, this means they’ve probably netted somewhere in the neighborhood $420,000 over the past nearly two years. It’s hard to determine exactly what sort of realization they’ve made from the contributions, but the point is that it hasn’t been small.

Their highest balance has been just over 13.5 BTC, in February 2017, probably as they were still figuring out how to utilize the funds. At the time, the value would have been around $13,805.

These days, the address seems to spend funds pretty regularly, but small donations continue to roll in. It appears no one has told owner Andrew Anglin about the potential dangers of address reuse. Certainly, there are plenty of people who’d like to know where all these donations are coming from, and companies like Chainalysis wouldn’t have much difficulty determining such information with an address reused this many times.

CCN | https://www.ccn.com/hate-pays-neo-nazi-site-daily-stormer-has-raised-surprising-amount-of-bitcoin/