Topic: Bitcoin is racist - page 3. (Read 711 times)

I think that the claim about minorities not having knowledge to assess the risks as something that should count against Bitcoin is a huge stretch. The same could be said of literally any other form of investment because the problem is unequal access to knowledge in general. It could also be used against banks because similarly, minority users have less knowledge of the risks associated with holding money in a bank, for instance, and it's also probably kinda true, as with Bitcoin.
I'm also not sure what they mean about target marketing because Bitcoin isn't a company that has ads and a target audience for those ads. And if some businesses target vulnerable audiences, it's those businesses that should be condemned for specific cases and practices, that has nothing to do with Bitcoin.

BUT, forgive me for asking, does the SEC really mean Bitcoin here? They say 'crypto assets' and AFAIK the SEC remarked several times that they don't think Bitcoin is a security and don't regulate it.

For me bitcoin is one of the most non racist projects I know. Think about it: Millions of strangers from all over the world that contribute to one common goal to make the world for everyone better. There is no place or person on earth that can not use bitcoin. To me this thread is obvious sentiment against bitcoin that has no basis at all.

every business does have a target audience. but when one business gets tooo specific where the obvious target is skin colour. then its racism if that businesses end goal is to harm and not benefit such customer

EG a make up company that specialises and advertises dark skined foundation is a benefit to them VS
sub-prime mortgages scamming black people is a harm to them

so if a investment scheme was promoting directly to one demography where the greedy business knows it wants to leech value away from that demography. that business is racist.

but i can see you wish to blame black people for taking up sub-prime loans decades ago rather than blame the banks for mis-representing what they offered and purposefully pushed it on a certain demography..

These people need to stop using social media and go see a therapist. It has come to the point where people are getting offended over small basic things, and that's because they are bored and have nothing to do except for tapping away on their phones and reclining on their couches watching XYZ News Network.

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.

I was immediately relieved, because I thought that everyone who has anything to do with Bitcoin will be given another label - and we are already running out of space for all the labels that have already been applied to us.

I can still somewhat understand that they accuse us of destroying the environment, that the world will remain in the dark because Bitcoin will consume all the electricity, up to the point that we finance terrorism and launder hundreds of billions of dollars through Bitcoin - but to bring Bitcoin in any way in connection with racism is one of the biggest nonsense. Those geniuses definitely deserved the Nobel Prize for stupidity...

bitcoin has no ears eyes or brain

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

for instance FTX done alot of advertising through sports clubs. meaning they aimed their target audience not at wallstreet guys. but instead average joe that usually make foolish bets on sports events.

they also done a separate advertising campaign. not on the investment of assets. but on the shares of FTX companies to elite investors. celebrities etc. as a way of getting secondary investments through fame/name recognition.

so the SEC comments are not about bitcoin(though they pretend it is), the comments are(should) be about businesses abusing its customers gullibility/greed, by seeking gullible/greedy customers

you see this alot,
when big institutions see a good asset at a low price. they stay quiet and only tell their closest allies. when its time to sell they try to offload it on the gullible average joe

for instance with gold
when prices were low you always seen adverts about businesses willing to buy gullible peoples jewellery for cash..
when prices are high you see adverts telling people to invest in gold.

and yes some do actually target specific ethnic groups as part of their campaign
take robinhood. it had adverts not of wallstreet guys but of black people lesbians, retired people. trying to look inclusive.. but wipe away the PC stuff you can see they are not interested in promoting it to investment firms/rich/economically knowledgable

That thing is funny. I don't understand how Bitcoin became racist. Being racist is that Bitcoin can never do this because it is a digital currency in my understanding.

Because being racist depends on each individual, only people can do being racist, in fact, the word racist has nothing to do with Bitcoin, it's too far away. We know that Bitcoin is an example that is a good investment in the long term and can be used as a gateway payment in different parts of the world.

hahaha, saying bitcoin is racist, sounds like the SEC is running out of ideas for FUD. I thought hard, where is the "racist" Bitcoin, I see that the lives of many people have changed 180 degrees for the better since bitcoin appeared and bitcoin belongs to everyone.
besides that most investors who lose are the result of their own actions, they are too greedy for the investments they make in bitcoin, they even panic when the market is bearish, so as long as they don't sell then the 1 bitcoin they have is still 1 bitcoin, nothing has changed.

I would have said that they lack the knowledge about Bitcoin and they need to look at the bigger picture what Bitcoin is all about, but don't be surprised, these people understand perfectly how Bitcoin works and why Bitcoin also existed, they lack nothing about Bitcoin, all these shit is intentional to keep going after Bitcoin and maybe cause a bigger hatred on the digital currency. Now it's Racist? I think they are losing at their own game already, their plans are not effective and they don't like it.

Anyone is free to say whatever they want about Bitcoin, those who believe will keep investing and accumulating Bitcoin no matter what, when things get this serious with a new technology it shows that the technology is working.

Newspapers called the internet the devil's tool years ago, they said the internet is a brainwashing devil's device that will take over the world in the future, now we are in the future where Newspaper companies now use the internet, they were only trying to save their business.

They both are, you white supremacists!
"Radical teachers claim that saying 2+2=4 is white supremacy"
https://torontosun.com/opinion/columnists/lilley-radical-teachers-claim-that-saying-224-is-white-supremacy

It's hard to think of one single thing that has not been considered racist by some of the modern "intellectuals".
To name a few examples:

Coffee is racist: https://twitter.com/JournosPostLs/status/1646616370103173121
Criticising drug dealers is racist: https://twitter.com/hilaryagro/status/1645434719541010433
Eating meat is racist: https://twitter.com/LeoKearse/status/1645689277001367558
Being extraordinarily stressed and vigilant is due to racism: https://twitter.com/LeoKearse/status/1643355168497446912
Locking up expensive drinks that are often shoplifted is racist: https://twitter.com/ahmuhdayus/status/1639965010142154752

The list never ends

Bitcoin is racist the way Math is racist. Math and Bitcoin has one thing in common. They never lie. You could say, truth is racist and still make perfect sense. People in the United States and their woke agenda is trying hard to paint stupid people clever but it is never going to work. Ugly is ugly, stupid is stupid, and 1 bitcoin = 1  bitcoin. Facts facts facts. You cannot bend them, you cannot change them. Immutability is a bitch.

i don't think being racist in terms of crypto means that they choose whoever wants to invest in crypto, but it is more like the country that accepts bitcoin or crypto as means of investment since not every country accepts crypto as legal tender. we all know bitcoin is widely popular for being decentralize and only few countries are willing to accept the risk, and we should all know that bitcoin doesn't choose indiscriminately to whoever wants to invest or wants to accept this concept.

Lol, Bitcoin is the most democratic investment I'm aware about. It's very simple to start investing and it's opened to everyone who has some bucks on their pockets and minimal internet knowledge. I understand when regulators talk about the risks of investing in crypto assets, due to the volatility, lack of security offered by centralized exchanges and the high volume of hacks and scams, but to say Bitcoin is racist it's already too exaggerated.

Actually, it makes these authorities lose their reputation, because it's really ridiculous to make such statements which everyone is tired hearing about. Moreover, it's a blatantly excused used nowadays by people who don't have any other valid argument against the object they are trying to detract towards the public.

That's unique for me too, Like all they try to find a way to discourage crypto community in some way, hehe. well i would say nice try. Really, i would also agreed, that BTC is racist because it also makes me feel like, (why always market dump when i take entry in it) hehe. i know that's fun because i have a friend and he also noticed this thing and now he is using me as an indicator, like he said, you will just tell me when you want to take entry in market i will exit all of my entries. hehehe. I said ok, but that's will cost. hehe.

I know, that's some next level bullshit. In this way the stock, bond and every other sector life is racist because some are making more money and some are not. And what about education systems, in which students are categorized on the basis of there marks and more opportunities are given to the high grades students and less grades students are kept separated in other sections where they are treated less then higher grades ones. (is it not a racism act)

Isn't it Greenpeace which is financed by XRP fundation ? Funny 

Thank you for the link, very interesting (and a little bit hopeless too..)


So if I understand it well, American people will have the same kind of advertisements as we have for gambling, casino products and sportbets for crypto stuff ?
I am not sure that it never helped anyone, if it is like the messages on the cigarettes pack..

In any case, it's starting to get ridiculous with the SEC's attack on Bitcoin and cryptos. As The Sceptical Chymist said, I wonder who exactly is in charge of the SEC's communication strategy. It's amazing though, the more the financial system goes down, and down, the more the relentlessness grows... It would almost become an admission of weakness?..

This means that if you decide to invest in a business like metal detecting or hunting and you lose money doing it, it's the fault of the investment. It's the inanimate object that is at fault, not you.

Do you hear what these guy is saying? If you choose to buy bitcoin and then sell it cheap, losing money in the process, it's the fault of bitcoin, not you.
Makes me want to go to that guy's office and ask him in front of a camera: If I get a gun and shoot someone, is it my fault, or gun's fault? Who is responsible? What kind of world do we live in?
What does it change whether I'm a member of minority or not? Should we maybe give people back the money they lose investing in stocks because they're "vulnerable minorities"?

This dude is delusional! How can 2 investors be treated differently just because of race? If there's such distinction, maybe the SEC should create a fund that will cover their losses? I have a better idea! Maybe the FED should stop trying to make people lose jobs and make them lose 6% of their savings a year, because that's what devastates poor minorities, not their occasional crypto investments.

The SEC....well, I'd love to go on a fucking tirade about them and similar agencies and their press releases that don't get challenged except on forums like this, but I won't.  Suffice to say, I think they're using probably the worst (and most overused) thing to attribute to bitcoin in an attempt to continue the coordinated assassination attempt by the US government.  If the worst thing you could call something was sexist, they'd go with that.  Christ, if the SEC could go full psychotic and call bitcoin a registered pedophile they probably would, but people would *hopefully* see right through that.

Are they even talking about minorities in the US?  Frankly, if they're saying colored people (oh wait, I mean 'people of color') are over-represented targets of scams, I sure as hell haven't seen the evidence of that and bitcoin gatherings in the US have always seemed to me to be almost like white-boy frat parties--granted, I've only seen pictures, but even if there were a lot of minorities that still doesn't back up their higher-than-normal victimhood (supposedly).

I really wonder who's truly in control of the SEC.  My first guess would be a powerful group of Democrats with that cunt Elizabeth Warren somewhere near the top.  They obviously were taking orders from someone in putting out this hit piece, and I doubt they'd have done it of their own accord.

News like this always has pros and cons. Many consider BTC to be a speculative asset, due to unpredictable price fluctuations, an investment asset that has a lot of risks, without doing deeper research on the system and how it works. Things like this can make bitcoin's image damaged and look scary for people who are starting to invest in BTC.

Even though if you examine more deeply about the ins and outs of bitcoin, in terms of usability, in terms of security, and in terms of potential, bitcoin has a lot of potential that other assets don't have. but the problem is, many people see BTC from a negative side, without seeing the positive side of BTC.

And those who comment on the negative side of bitcoin are not only from ordinary people, but one of them is also an influential person, who also comments on the negative side of bitcoin.

Apart from Investment, even trading has time to buy and sell. There are minutes and hours set to buy and sell in trading. And once you pass that stipulated time you can not buy again and sell again.
And also seen the OP Topic, bitcoin is not fully racism but to some extent. Why bitcoin is not racist yet because it cut across the whole world and everyone who come across it can participate. Therefore it is liberal and welcome all to it. And why I would also say bitcoin has an element of racism because bitcoin moves with dollar. Bitcoin payment is determined by dollar rate and not Fiat currency exchange rate.