The Facebook comments should suffice in describing how horrible this article is. The minute the writer tried to include the premise that Bitcoin enthusiasts use the currency to sway away from traditional banking systems ONLY because they are including "women and people of color" was the minute the facepalm came up.
I often wonder if these blog posts are deliberately and completely ignorant just to gain media and publicity buzz.
Topic: Think Progress believes Bitcoin is racist... - page 4. (Read 4296 times)
Think Progress is racist.
Bitcoin is a great means of establishing wealth for population that wishes to resist government oppression and tyranny, but it can never practically be used as a tool to end this. Bitcoin does not end the extraordinary disparity of wealth. As it stands, a handful of people own vast amounts of bitcoins with a relatively low adoptance throughout the world.
If this were to become mainstream as a global standard of commerce, we would find ourselves with the same state of existence where a majority of the wealth is in the hands of few people and the remaining population has relatively very little.
Furthermore, it would be very simple for a couple banksters to drop their wealth into bitcoin and buy up extensive amounts of the market and thereby withholding their power and influence over the world.
Bitcoin was a wonderful tool to spread free market as well as decentralized ideology while simultaneously enriching the liberty aspiring common man, though it can not and will not bring us the change we envision in the world. Bitcoin's purpose has been fulfilled. To truly find freedom, peace and a lasting change in humanity, we must relinquish our greed based society for one structured around love and sharing. The greatest advancements in human history await the day we act as the family that we are, that is when we will truly reap the rewards of what we are seeking.
If this were to become mainstream as a global standard of commerce, we would find ourselves with the same state of existence where a majority of the wealth is in the hands of few people and the remaining population has relatively very little.
Furthermore, it would be very simple for a couple banksters to drop their wealth into bitcoin and buy up extensive amounts of the market and thereby withholding their power and influence over the world.
Bitcoin was a wonderful tool to spread free market as well as decentralized ideology while simultaneously enriching the liberty aspiring common man, though it can not and will not bring us the change we envision in the world. Bitcoin's purpose has been fulfilled. To truly find freedom, peace and a lasting change in humanity, we must relinquish our greed based society for one structured around love and sharing. The greatest advancements in human history await the day we act as the family that we are, that is when we will truly reap the rewards of what we are seeking.
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I have practically no advanced knowledge of computer science, am poor (but refuse all welfare), and a white male. But hey, using surveys non-representative of worldwide demographics, is all you need to justify defamation of and infringement upon those who want to exercise fundamental liberties, including economics.
I have practically no advanced knowledge of computer science, am poor (but refuse all welfare), and a white male. But hey, using surveys non-representative of worldwide demographics, is all you need to justify defamation of and infringement upon those who want to exercise fundamental liberties, including economics.
they are not really wise in using brain
Every once in a while — most recently with the collapse of online exchange site Mt Gox — the world starts paying attention to Bitcoin, the hacker-project-cum-digital-currency that has garnered the love of a certain subset of people on the internet. Who are those people? According to an online poll from Simulacrum, the average user is a 32.1-year-old libertarian male. By users’ accounts, those men are mostly white.
Breaking that down, about 95 percent of Bitcoin users are men, about 61 percent say they’re not religious, and about 44 percent describe themselves as “libertarian / anarcho-capitalist.” On the last point, the political ideology of Bitcoin users is evident from the fact that the whole idea behind Bitcoin is that it segregates economic markets and currency from a country’s government. Bitcoin aims to be a universal currency, connecting people “peer-to-peer” instead of through set institutions. It wants to replace our current economic system and practices in their entirety — changing the way we buy goods and distribute money. The libertarians, or anarcho-capitalists as the case may be, don’t trust the government to handle their money. They’re the same people who want to “end the fed.”
Those libertarian tendencies are generally held by white men. “Compared to the general population,” an American Values survey reported last year, “libertarians are significantly more likely to be non-Hispanic white, male, and young.” Specifically, 94 percent are white, and 68 percent are men.
Why does Bitcoin specifically have this demographic makeup? Well, there’s a fair amount of privilege built directly into the currency: In order to buy the sometimes wildly expensive currency, Bitcoin users need to be wealthy. And they can afford to put their wealth into a currency that isn’t widely accepted or even recognized. Plus, they move easily through the financial and digital space — the process of “mining” bitcoins demands it; it is all about knowing coding and decryption and how to use an exchange. The sum total of these things — advanced knowledge of computer science, wealth — are also markings of the young, white male.
http://thinkprogress.org/economy/2014/02/27/3341411/bitcoin-privilege/
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