The claim that all these things are racist seems more of a fouls talk. Shit chat! Bitcoin is probably one of the most fair / just and impartial piece of technology ever created! Check those AI chats around. The censorship the slightest language usage. They claim to be AI models and that they have no emotions, yet they know if a question, a sentence or an opinion is harmful, offensive or whatever. If it cannot fell emotions how the hell they know what "offensive" means? lol
Bitcoin doesn't care about your skin colour, the depth of your pockets or if you're a child molester! It is here for anyone. The mind of each one is the one deciding what to do with it and that is the biggest problem. Troubled minds will make the worse out of Bitcoin. But there is also the other side of the coin. Bitcoin was created with good intentions and we should work towards those good intentions and our conscientiousness will stay with us. Nature will also take care of the weak and the strong!
Topic: Bitcoin is racist - page 2. (Read 711 times)
Quote
...a significant amount of these losses have been
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
The quote itself is racist, implying that minority investors are not capable of assessing risks, while non-minority investors are.
true, bitcoin is racist, I just know that after opening Electrum wallet and finding color option Dark and Light.
In reality, we know who the actual racist is, yes, people who change the monetary system after Bretton Woods.
In reality, we know who the actual racist is, yes, people who change the monetary system after Bretton Woods.
Now to understand exactly how racist Bitcoin is, we need to analyze the data and understand by which people it is used, because exactly who is this technology aimed at? I think that today Bitcoin helps the people who need it most, those oppressed by the powers and those who are poor. So how can you even call it racist? The SEC is a racist who always speaks out in favor of the strongest.
Bitcoin users are almost evenly distributed in every developing and developed country and can be owned by anyone without looking at their status, skin, hair, religion and etc. Because of that bitcoins fast growing in developing countries and are very liked by young people who don't think on their status. 
Now to understand exactly how racist Bitcoin is, we need to analyze the data and understand by which people it is used, because exactly who is this technology aimed at? I think that today Bitcoin helps the people who need it most, those oppressed by the powers and those who are poor. So how can you even call it racist? The SEC is a racist who always speaks out in favor of the strongest.
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.
Considering bitcoin as racist tells the highest level of hatred towards the project because bitcoin is known all over the world with an independent individual wallets. Bitcoin give access to every race weather black or white. Minorities income is not damage or affected by favouritism of the system, the market treats everyone equal it only depends on the volume of your income invested or the units of bitcoin you're controlling. Is a normal phenomenon to hate what is progressing ahead of time.
This project give rooms for choice investment, it gives room for independent investment and freedom of management and control within your wallet but haters are busy dragging bitcoin name to the mould.
This project give rooms for choice investment, it gives room for independent investment and freedom of management and control within your wallet but haters are busy dragging bitcoin name to the mould.
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.
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.
The funny thing about the SEC claiming crypto is bad because people have lost money from the ATHs is that they aren't saying this about anything else. They aren't making damning proclamations against Tesla, Amazon, and Facebook, for example, all of whom have lost 50% of their value the past couple years. That's just 3 companies who all by themselves have lost people $2 trillion in the same time that the entire Bitcoin/Crypto market has lost around $2 trillion.
It's just pure bias based on lack of education. It's easy to say something is bad when you don't understand it, even though you're saying it is bad for something that could apply in the exact same way to something you accept.
It's just pure bias based on lack of education. It's easy to say something is bad when you don't understand it, even though you're saying it is bad for something that could apply in the exact same way to something you accept.
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.
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.
when SEC talks about users investing. they are not talking about bitcoin. they are talking about BUSINESSES with advertising budgets.. where BUSINESSES select their advert to their desired demography
Even if it isn't about BTC, but about businesses and their mode of advertisement, it does not still make the business racist simply because they have a target audience, i believe every business has a target audience, and if that be it every business can be accused of being racist by the people outside their target audience. Businesses want to make profit, and their customers have to research before using it, everything that happens after that has nothing to do with racism. Gullibility, greed, lack of research, etc, i can agree.
Bitcoin is racist according to the SEC. Heil Satoshi!
We trully live in a bizarre world nowadays
I've read a lot of bullshits about cryptos, but this one is amoung the winners.
I thought I had heard the worst when Greenpeace attacked the Bitcoin network with the slogan: "Change the code, not the climate".
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...
And
https://www.sec.gov/files/20230406-iac-letter-cryptocurrency.pdf
It's not about being racist We trully live in a bizarre world nowadays
I've read a lot of bullshits about cryptos, but this one is amoung the winners.
I thought I had heard the worst when Greenpeace attacked the Bitcoin network with the slogan: "Change the code, not the climate".
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...
Quote
We have observed that the volume of, and activity around, crypto assets have grown
significantly in scale over the last five years with very large fluctuations in value.
Many investors recently have suffered significant losses as a result of their
investments in crypto assets. It is estimated that these losses have been more than
$2 trillion.1
As a result of targeted marketing, a significant amount of these losses have been
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
significantly in scale over the last five years with very large fluctuations in value.
Many investors recently have suffered significant losses as a result of their
investments in crypto assets. It is estimated that these losses have been more than
$2 trillion.1
As a result of targeted marketing, a significant amount of these losses have been
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
And
Quote
We believe that virtually all, if not all, crypto tokens are securities and that they, as well as the platforms and
custodians dealing with them, are subject to regulation under the federal securities laws to protect investors.
Accordingly, the offering of crypto asset securities and the platforms trading them should comply with the
registration, disclosure, anti-fraud provisions and other investor protector provisions of the federal securities laws.
We think it is very unfortunate and disturbing that there are legislative proposals to carve crypto assets out of the
federal securities laws and undermine investor protection.
The SEC should continue to be aggressive in bringing enforcement actions against companies that are violating the
federal securities laws in the crypto space, including, issuers, custodians and those acting as unregistered
platforms that offer trading in crypto asset investments.
custodians dealing with them, are subject to regulation under the federal securities laws to protect investors.
Accordingly, the offering of crypto asset securities and the platforms trading them should comply with the
registration, disclosure, anti-fraud provisions and other investor protector provisions of the federal securities laws.
We think it is very unfortunate and disturbing that there are legislative proposals to carve crypto assets out of the
federal securities laws and undermine investor protection.
The SEC should continue to be aggressive in bringing enforcement actions against companies that are violating the
federal securities laws in the crypto space, including, issuers, custodians and those acting as unregistered
platforms that offer trading in crypto asset investments.
https://www.sec.gov/files/20230406-iac-letter-cryptocurrency.pdf
it's just the people who have no knowledge or didn't research to crypto. They are so lazy to research because bitcoin is number 1, they think it's a quick income but suddenly they realize that tlbitcoin is a long term. You can't fix this because it's literally normal so you just watch them how lazy they are. 
Bitcoin is racist according to the SEC. Heil Satoshi!
We trully live in a bizarre world nowadays
I've read a lot of bullshits about cryptos, but this one is amoung the winners.
I thought I had heard the worst when Greenpeace attacked the Bitcoin network with the slogan: "Change the code, not the climate".
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...
Lol, the poor people-the government made poor by discriminating against minorities has been looking for a way of making more money and risked too much on a third party currency because they knew that government wouldn't let them get rich with fiat, so we are not going to be letting bitcoin continue with this racist move... They must be really drinking some strong stuff, or smoking it I am not sure.We trully live in a bizarre world nowadays
I've read a lot of bullshits about cryptos, but this one is amoung the winners.
I thought I had heard the worst when Greenpeace attacked the Bitcoin network with the slogan: "Change the code, not the climate".
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...
It should be considered that those minorities finally found a place where they could be equals to everyone, their color, religion, race, nationality, nothing matters. Only thing matters here is your investment and how talented you are. If minorities are poor, that is because of governments not giving as much to those as they give to biggest voter base.
They are not saying that to highlight racism, they are saying that to hide their greed. You have to remember one thing, the SEC represents a small group of super rich people, who gets paid for financial advice. Where do people go for financial advice? .... they go to financial brokers that are selling financial instruments that are owned and managed buy large investment firms.
The old Fiat system will do anything in their power to protect their knowledge and power that they sell to uninformed citizens and the rich old farts like Warren Buffet will continue to criticize Crypto currencies to discredit it.
The old Fiat system will do anything in their power to protect their knowledge and power that they sell to uninformed citizens and the rich old farts like Warren Buffet will continue to criticize Crypto currencies to discredit it.
Quote
As a result of targeted marketing, a significant amount of these losses have been
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
borne by unsophisticated investors, including many minority investors seeking rapid
investment growth without the knowledge or information to assess the risks
associated with such investments
I can't see how did you come up with the conclusion that Bitcoin/crypto is considered racist by the SEC.
Actually SEC is racist, by dividing the investors into "minority" and "majority". The investors are investors, their race and ethnicity doesn't matter. Of course, many people from the minorities aren't financially educated, but we can say the same thing about many white people as well. Many crypto companies have conducted misleading marketing in the past. I agree that the SEC must punish all shady crypto companies, that are scamming their customers. There's nothing wrong with that SEC statement.
It is really ridiculous and irresponsible for a government agency such as SEC to mislabel a technological innovation as if it is biased. Bitcoin is neutral. I don't even understand those who link Bitcoin and gender as if Bitcoin is deprived to women or men. Bitcoin cannot discriminate. It is even more surprising to link Bitcoin with race. How can Bitcoin even tell if a transaction is done by a white man or black man? Bitcoin cannot tell whether a transaction is made by somebody with a PhD or by somebody who just finished prep. Bitcoin does not even discriminate saints from criminals.
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.
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. Racism is a serious problem and a word that should be used wisely, in reality it gets thrown in in every topic, even when clearly it has nothing to do with it. If some minorities are more ignorant maybe there is a problem with the schools and the neighborhoods, so maybe, I say maybe, the problem comes from the local institutions and the government, no? Sometimes I also wonder why they only see the negative about the market but refuse to acknowledge the positivity it has brought in life. And I agree that the problem is with yourself and not with bitcoin or anything, blaming the product or any of the tools is simply a bigotry and hatred in each person. people who have not filtered these things out of their hearts.
Although false and negative information about the cryptocurrency market can negatively affect the development of this market. However, the truth is always exposed from time to time, in contrast to positive and accurate information that can promote the development of the cryptocurrency market. This information could be about major institutional backing, new developments in blockchain technology, or cryptocurrency product innovations. So in the field of cryptocurrency, research and evaluation of information is very important to make decisions such as buying or selling cryptocurrencies.
Those which are always ignoring all the positive things that bitcoin brings do so because that is their job, they try to find things wrong with bitcoin and make a big deal out of it.Although false and negative information about the cryptocurrency market can negatively affect the development of this market. However, the truth is always exposed from time to time, in contrast to positive and accurate information that can promote the development of the cryptocurrency market. This information could be about major institutional backing, new developments in blockchain technology, or cryptocurrency product innovations. So in the field of cryptocurrency, research and evaluation of information is very important to make decisions such as buying or selling cryptocurrencies.
Bitcoin is nothing more than money, and as we know money is not distributed equally among the population, there are those which have a lot of it and there are those which have very little, if we used their deluded standards then fiat currencies will be the most racist form of money that exist, but since governments are the ones that print it then they simply ignore this while still trying to use this flawed argument against bitcoin.
the debate about btc from the past until now has not been completed.
which of course there are those who like btc and those who don't, but in my opinion we have to accept reality because everyone's views are different, some are in favor of bitcoin and some are not.
I think it's the result of people who have a negative view of BTC because those people don't know about BTC and the science of investing in BTC, so they have a negative view of BTC.
and maybe there are btc investors who are greedy so that all their assets are used to invest in btc and lose, and this is due to the stupidity of btc investors who don't know about the science of investing in btc, and end up suffering losses. and finally popular news about people who invest in btc experience losses, and finally many people think investing in btc is something that is detrimental.
In my opinion, don't blame BTC, and if you're not ready for losses, it's better not to invest in BTC.
that's why many people say that if our want to invest in btc, our have to be prepared for the risks.
and me as a person who invests in btc with the news the pros and cons of btc are commonplace.
which of course there are those who like btc and those who don't, but in my opinion we have to accept reality because everyone's views are different, some are in favor of bitcoin and some are not.
I think it's the result of people who have a negative view of BTC because those people don't know about BTC and the science of investing in BTC, so they have a negative view of BTC.
and maybe there are btc investors who are greedy so that all their assets are used to invest in btc and lose, and this is due to the stupidity of btc investors who don't know about the science of investing in btc, and end up suffering losses. and finally popular news about people who invest in btc experience losses, and finally many people think investing in btc is something that is detrimental.
In my opinion, don't blame BTC, and if you're not ready for losses, it's better not to invest in BTC.
that's why many people say that if our want to invest in btc, our have to be prepared for the risks.
and me as a person who invests in btc with the news the pros and cons of btc are commonplace.
Bitcoin is bitcoin.
Retailers lose money to dirty pyramids that promise exponential returns.
The risk is assumed by the buyer at the time of entering the scam.
Anyway this is an exchange of hands, the big shots eat the little ones
What fish do you want to be?
Sometimes I also wonder why they only see the negative about the market but refuse to acknowledge the positivity it has brought in life. And I agree that the problem is with yourself and not with bitcoin or anything, blaming the product or any of the tools is simply a bigotry and hatred in each person. people who have not filtered these things out of their hearts.
Although false and negative information about the cryptocurrency market can negatively affect the development of this market. However, the truth is always exposed from time to time, in contrast to positive and accurate information that can promote the development of the cryptocurrency market. This information could be about major institutional backing, new developments in blockchain technology, or cryptocurrency product innovations. So in the field of cryptocurrency, research and evaluation of information is very important to make decisions such as buying or selling cryptocurrencies.
Although false and negative information about the cryptocurrency market can negatively affect the development of this market. However, the truth is always exposed from time to time, in contrast to positive and accurate information that can promote the development of the cryptocurrency market. This information could be about major institutional backing, new developments in blockchain technology, or cryptocurrency product innovations. So in the field of cryptocurrency, research and evaluation of information is very important to make decisions such as buying or selling cryptocurrencies.
Jump to: