Bitcoin is racist | Bitcointalksearch.org

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Quote from: LeGaulois on April 14, 2023, 09:30:00 AM

So according to them, Bitcoin (and altcoins ofc) creates financial damages to many minority investors because they don't have the knowledge to assess the risks associated with crypto.

In another words, Bitcoin makes them loosing money because people are lazy to learn where they're investing in...
L@@k at FTX and co...

Lmao, this was a fun one.

So, all the ignorant people who buy Bitcoin under $500 and see how it goes over $64k are victims of their ignorance. It's just nonsense. The only ignorant guys are those who don't believe in this technology. So, the people who use bitcoin are not the ignorant ones.

The FTX example is a terrible example because it was a scam, and we can't compare the real cryptos with that one, so, is a weird situation where people believe in new coins that end in scams but don't believe in the old coins who already prove to be legit.

Maslate

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It's not fair to blame Bitcoin for the lack of knowledge people have when it comes to investing. Bitcoin will still exist even without people investing in it, and the system will not change because when people invest, only the price changes due to the supply and demand principle.

Regulators need to study before they make comments. It's obvious that they don't have an idea of what they are saying. They seem to compare Bitcoin to a Ponzi scheme, which is too far-fetched. What's important is that these regulators learn what Bitcoin is, and then the government can educate the masses through them. The problem is when regulators make false assumptions based on wrong information, the public will believe them because they have the public's trust and they are viewed as experts. It's insane!

Artemis3

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Quote from: LeGaulois on May 08, 2023, 07:12:36 AM

@franky1

LN, Segwit, ordinal and co: Fake bitcoiners are trying to make this currency to become Woke https://en.wikipedia.org/wiki/Woke
And if you disagree with them, they will call you racist. Wait for LGBT and feminists shouting out you're misogynist if you don't use LN.
Socialists are coming, like refugees are coming in Europe.

I'm moving my wallets back to standards bitcoin addresses

I just noticed. I suppose according the them, the wallet scans your skin and refuses to work if it doesn't match the authorized color... Oh so PoS is supposed to mean Proof of Skin? I see...

goldkingcoiner

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I love watching the SEC realizing that they cannot do anything to stop or regulate Bitcoin at its core. Their desperation and panic is telling me we are heading towards the right path and we should keep going! Grin

The more ridiculous the insults and smearing campaigns of anti-coiners such as the SEC or the bankers become, the closer we are to a marvelous future of Bitcoin as the true global money. At some point the governments of the world will have to admit that Bitcoin is the new generation of money and it should be adopted as such.

But they are too prideful. They would rather create a CBDC because it makes it seem like they created the new gen money by government hand. But it will fail.

crypticj

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It just says a lot about the political situation in the US. They literally call racist everything they don't like lol.
I think they cannot harm bitcoin themselves, so they want to use people who are triggered by every mention of racism to attack bitcoin for them. But oh well, it's just another attempt to create a bad image of bitcoin without any reason.

I think they need to use all this hate they have to HELP people through bitcoin. Some people in the US are still unbanked or suffer from inflation and bitcoin might be an answer for them.

LeGaulois

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Quote from: franky1 on April 15, 2023, 05:17:16 AM

@franky1

LN, Segwit, ordinal and co: Fake bitcoiners are trying to make this currency to become Woke https://en.wikipedia.org/wiki/Woke
And if you disagree with them, they will call you racist. Wait for LGBT and feminists shouting out you're misogynist if you don't use LN.
Socialists are coming, like refugees are coming in Europe.

I'm moving my wallets back to standards bitcoin adresses

yohananaomi

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Quote from: Supreemo on April 22, 2023, 08:19:13 PM

Quote from: theskillzdatklls on April 21, 2023, 05:23:34 AM

At least I can sleep at night knowing that Bitcoin isn't transphobic, for now.

exactly! i don't really see bitcoin as racist since anyone can buy it as long as it is accessible in your country, and as much as i don't really trust banks, i'd rather put my money on something that i can earn although it is much volatile than letting other people use my money (banks).

it all just depends on the perception with the intention of what you want to do, everyone can do that and I am the same as you have seen and observed so far that it is not true that bitcoin is racist, it seems too much to say that. bitcoin no one is able to intervene in it so it will be free anyone can buy and make an attractive and profitable investment. but if I put money in, I definitely still trust the bank because it is the safest place even though the interest generated is not as good as the profit when buying bitcoin for long term investment.

Casdinyard

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Pretty sure the SEC will just throw whatever insult or damaging allegation they could against bitcoin and the cryptocurrency industry. Lmao of all the things they'd brand bitcoin of, the least it would be is racist.
Come to think of it, in this forum alone we have people from all walks of life and are part of various races at the same time, do we call them out for being African/Asian/Hispanic? I don't think so, at least I don't see.
To add to this, the currency promotes anonymity, how in the hell is that going to equate to racism? It literally blinds everyone of all their identifiable traits in favor of a more secure and more open enterprise.

bettercrypto

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Even when it's actually the SEC in the US, there's nothing sensible to say but those kinds of things that don't make sense. If you do understand, you will think how Bitcoin became racist? What I know is because only human can apply this behavior of being racist not Bitcoin.

Even to this day, they are only throwing negatives at Bitcoin in the crypto space we live in. It's just that for me it still
helps a lot in my personal life.

Bitstar_coin

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This can also apply to other none crypto investments, if you have zero knowledge about the business it can also lead to loss of funds, why does that make btc racist and not other investments as well?
This is definitely the most ridiculous btc fud i have heard so far, btc is the most accommodating and user-friendly investment i have seen, it does not require any special skills or super knowledge to get involved. it is true that some people lose money as a result of volatility and lack of basic knowledge but it has nothing to do with btc but the person who is not patient enough to learn and understand.

bangjoe

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Quote from: JoyMarsha on April 17, 2023, 02:04:13 PM

Big shame for the SEC as they label bitcoin as racist. While the fact remains that many people, irrespective of gender or race, accept and adopt bitcoin. This should be the most absurd claim about Bitcoin that I have ever heard.

In other words, their efforts to discredit bitcoin will not be heeded, and their assertion that bitcoin creates financial damage to minority investors is unjustified considering bitcoin has never promised anyone wealth but rather serves as a store of assets for those who wish to convert their assets to bitcoin at their own risk.

It's just that they ran out of words to criticize Bitcoin and give Fud to so what's on their minds, they took it out even though it was a stupid move, Sec generalized racism between whites and blacks mixed in bitcoin, lol

I think they are not investors but traders or it could be that they are not investing in bitcoin but those minority investors are investing in shitcoin which is getting them a return which is detrimental to their finances, and it is true that bitcoin never promises to make someone rich bitcoin only offers comfort in transactions. So who is actually wrong, they shouldn't discredit bitcoin.

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Quote from: Gyfts on April 23, 2023, 03:34:22 AM

I don't know why anyone would be surprised. It's standard operating procedures for Critical Race Theory (CRT) to be introduced even in the most irrelevant contexts.

I repeat, that is probably a standard operating procedure (copying your words) for the USA, not for the rest of the world. I'm European and my experience with the USA is kind of weird because, to be honest I've never seen such a political and social mess, I've always heard the USA were a melting pot of different cultures and people working and supporting each other, that is not my experience at all, the majority of people just tolerate each other, which is way different from supporting. It's a very unhealthy and dangerous way of living, if things don't change the situation could really reach a critical point.

Gyfts

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I don't know why anyone would be surprised. It's standard operating procedures for Critical Race Theory (CRT) to be introduced even in the most irrelevant contexts. CRT being, that everything is inherently racist to the core. So under the CRT logic, Bitcoin is inherently racist because minority Bitcoin owners lost money when the crypto market dropped.

It's the bigotry of low expectations. They believe minority crypto owners are inept and don't understand the risks of crypto fluctuation such that the SEC must come in and regulate the space. An untenable position but the CRT folks see the world through the lens of race.

Ale88

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Quote from: pawel7777 on April 17, 2023, 03:00:19 PM

Quote from: Ale88 on April 16, 2023, 09:22:41 PM

Probably it's because I'm European but I really don't understand why everything, and I mean everything, in the USA has to be somehow racist and/or offensive to someone.

Because it pays! If you could exploit the majority demographic (whites), who, statistically is the most empathetic, most tolerant and has the weakest in-group preference, why wouldn't you?
Why accept the "colour blind" approach, if you could declare it racist (i.e. for being bling to black people's struggles) and introduce group identity politics instead - in which there's only one group that is not allowed to view themselves as a group and care for their own interest.

This is now spiraling down without control, the Californian "reparations task force" is a great example. There's a serious debate going on about how much people who have never owned any slaves should pay to people who have never been slaves in "reparations" for slavery. Apparently $5 million per head just for being black is not enough.

https://www.dailymail.co.uk/news/article-11918251/Five-million-little-California-reparations-taskforce-told-black-residents-7-6m.html

You can't make this stuff up.

That is for sure. I know that at the end is all about money, I remember reading articles about the huge houses that BLM founders bought using money from the donations they got for example. Let's say that I'm not surprised that there are people exploiting the system for their own interest, I'm surprised by the amount of common people how actually follow them and share their "ideas". Instead of bringing people together I feel like they're trying to set them not even apart but one "group" against the other. It's ridiculous.

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Quote from: theskillzdatklls on April 21, 2023, 05:23:34 AM

At least I can sleep at night knowing that Bitcoin isn't transphobic, for now.

exactly! i don't really see bitcoin as racist since anyone can buy it as long as it is accessible in your country, and as much as i don't really trust banks, i'd rather put my money on something that i can earn although it is much volatile than letting other people use my money (banks).

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Quote from: jeraldskie11 on April 21, 2023, 05:17:27 AM

I giggle at the thought of Bitcoin being racist. Normally, the term racist refers to people who are prejudiced and discriminatory, but according to what I've heard, Bitcoin is racist. Bitcoin is available to anyone and, as far as I can tell, there is no discrimination; anyone can use it. There is no justification for them to label it racist because people with disabilities, white people, black people, and people from all over the world are free to utilize it. So, if they're about to argue that Bitcoin is racist because they don't know enough, they should first learn before entering the crypto world.

Who doesn't know that? Maybe someone who has absolutely no knowledge about Bitcoin or blockchain technology in general, because anyone with even the basic knowledge would understand that it's a technology available for the masses and it doesn't really care for who it's being used by, so there is basically no concept of racism when it comes to Bitcoin or any technology in general.

All these are nothing else but plots to regulate cryptocurrencies and every single platform, project, and firm, that is dealing directly or indirectly in cryptocurrencies and they will continue to do this by making such absurd statements.

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At least I can sleep at night knowing that Bitcoin isn't transphobic, for now.

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Quote from: CryptSafe on April 17, 2023, 01:11:19 PM

I think they are all getting it wrong. Ignorance sometimes makes people act rashly without thinking or having a thought about something and seeing the good side of it before jumping to conclusion and making or passing judgement over bitcoin.

Looking at the topic matter of this thread, one would wonder if truly what OP has said is what is the reality today and if not properly understood, one would easily conclude and may take a make assumption that would lead them to taking a wrong decision. So I ask, if bitcoin were to be a racist development how come the world is glamouring for bitcoin. How come bitcoin is a borderless coin with no resistance? How come both black and white knows about bitcoin? Would it be possible that and individual could own a bitcoin if the government were involved in it? So I do not see any reasons why bitcoin could be a racist coin or project.

They don't get it wrong, my friend, they know bitcoin better than we do, but they always make accusations and slander about bitcoin because they can't find any weakness in bitcoin, and they are trying whatever they can think of. It was also recently reported that the SEC chairman said that the collapse of banks was caused by cryptocurrencies, which is another bullshit allegation intended to cover up their weakness and seek to place the blame on crypto. In my opinion, they are just trying to find a way to smear the reputation of bitcoin to keep people away from it.

jeraldskie11

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I giggle at the thought of Bitcoin being racist. Normally, the term racist refers to people who are prejudiced and discriminatory, but according to what I've heard, Bitcoin is racist. Bitcoin is available to anyone and, as far as I can tell, there is no discrimination; anyone can use it. There is no justification for them to label it racist because people with disabilities, white people, black people, and people from all over the world are free to utilize it. So, if they're about to argue that Bitcoin is racist because they don't know enough, they should first learn before entering the crypto world.

GideonGono

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LOL those kind of clowns are the best, this is why I love crypto not only it is an investment but sometimes it is also an entertainment.
There are dramas everytime it goes down and of course let's not forget those comedian's and some prophet who see's the future price.
But honestly it's not wrong at all since what they stated is true if you'll think about it.
There are so many people who loss their money because they don't really know what they are investing on, and they just invested blindly believing that those investment could make them rich quickly.

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