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How Bitcoin made right-wing conspiracy theories mainstream

12 points| schrototo | 7 years ago |salon.com

5 comments

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ve55|7 years ago

If you actually read this article in full, it seems quite inane to me.

>Now you have actual Nazi groups being in favor of Bitcoin. Weev, one of the biggest Nazi leaders worldwide is into it. There's a great Twitter account that tracks Weev’s Bitcoin wallet, every transaction coming out of it, along with those of some other neo-Nazis.

It doesn't seem important that someone you dislike, nazi or not, uses a currency. Many of the world's worst criminals and killers use the US dollar. It doesn't matter.

>that “the world will ultimately have a single currency,” which to me is a conspiratorial belief.

It doesn't have to be Bitcoin. I don't think anyone important seriously thinks Bitcoin in its current state can be a world currency. But you might be surprised what happens in the next few decades or 100 years from now as far as a world currency goes.

>There is at least a hint there of “illegitimate/parasitic profit takers interfering with an otherwise-honest transaction,” which is a classic form of anti-Semitic conspiracy theory.

At this point I don't think this article is worth taking seriously. I'm not sure how you can read lines like this that imply rent-seeking is an "anti-semitic conspiracy theory" and continue on thinking this article is worth your time. Even if other points of the article are better than this, I still expect better content on HN

njarboe|7 years ago

If this wasn't PR for a book, I'd think it was a satire of how someone on the left, who hates Bitcoin, would describe it.

merinowool|7 years ago

[deleted]

dragonwriter|7 years ago

> But Nazis represented national socialism which is on the far left side.

No, it's not. National socialism had very little in common with left-wing socialism (even early on, and even less by the time the Nazi party came to power) and was basically right-wing authoritarian nationalism.

There has been a recent effort at historical revisionism by the American Right, in particular, to recast Nazism (and fascism in the general sense) as left-wing movements, but there is no substance behind this propaganda effort.