Is Crypto a racial issue now? How long was I asleep?
this post was submitted on 14 Oct 2024
53 points (89.6% liked)
politics
19126 readers
2394 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
It isn't, and it doesn't need protecting. I say this as someone who was mining bitcoin back when it was still valued at under $1 a coin. The concept of bitcoin was really interesting and I had hoped that it could actually function as a digital currency outside the control of the major credit card processors. The execution however leaves much to be desired. We were promised a federated digital currency, what we got was an unregulated securities market.
Early cryptocoins had the right kind of nerds who cared about solving problems with a strange new digital... thing.
After a few years, the community stopped solving problems and focused on money-making instead. Its a distressing and sad thing to watch, but as it became obvious that Crypto was a ponzi / money making scheme, the nerds and problem-solvers disappeared. Its very demoralizing to see your hard work used for... well... evil. Maybe not the biggest evil but wantonly stealing funds through convoluted tricks and supporting literally black market evils is evil. A lesser evil than murder but evil nonetheless.
There's nothing fundamentally wrong with BTC. Its just technology. But the cryptocoin world has drawn all the evil people to it, to the point that the well-meaning community has collapsed. You only see assholes with BTC these days.
There is something fundamentally wrong with BTC and cryptocurrency tech in general: it is incapable of actually addressing the problems it is nominally intended to solve.
It's a people problem. The people don't want to fix even well known technical issues.
Are black Americans more likely to be crypto bros? First I'm hearing of it
Maybe there is a fear banks will screw them over?
I did a double-take at that title so hard, I think I have ass whiplash.
I don't understand the connection between crypto, weed, and black men...
I don't really see one either, but maybe it's more about how some cops are abusing laws against weed to systematically target black people?
The link to black men is pretty clear as far as I'm concerned. Possession is used as an excuse to target black men, to increase sentences, to imprison, it's no joke.
Comment sections for this article have some serious "all lives matter" vibes. These policies likely matter to black people, especially black men, because they're disproportionately impacted by them.
They're 3.6 times more likely to be arrested for possession. But almost 10x more likely in some red states.
https://graphics.aclu.org/marijuana-arrest-report/
Want to know what's a big barrier to economic success? A felony like getting busted with cannabis.
Why Crypto? Well a disproportionate number of Black people don't trust the banks or financial services in general, and are under serviced by them. There is a generational mistrust of banks due to discriminatory practices in the banking sector. They're five times more likely to not even have a bank account than white households. This makes loans to start a business harder to get, it increases costs to cash cheques and pushes black people towards less traditional financing or banking services like crypto.
https://www.urban.org/urban-wire/building-trust-financial-system-key-closing-racial-wealth-gap
Folks, I'm just saying, we all know that you too are impacted by these things, but it's not out of line at all to direct messages to those who are impacted the most.
When a hurricane hits Florida, threads don't full up with comments "what about Maine?"
Crypto? WTAF?
I just became black, who knew!
How about we just do reparations instead of protecting a toxic, scam-filled industry? Anyone? No?
No racist overtones there.
To be fair... When the article's opening line is "In outreach to Black Men", it doesn't really matter what you put after. It's going to sound bad.
Right - I just mean literally any attempt to try and cater to a specific group is gonna be like this.
Both campaigns go after different groups. I just think literally anything that is contained in these are going to sound racist.
In a less charged example, both candidates try and appeal to women. Those could be viewed as sexist.
I've seen people get in big trouble for not protecting crypto, from posting private keys on github to not destroying on time. Keymat is no joke.
NPR - News Source Context (Click to view Full Report)
Information for NPR:
MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source
Media Bias Fact Check | bot supportSearch topics on Ground.News
https://www.npr.org/2024/10/13/nx-s1-5151968/harris-weed-crypto