As I posted on Friday, the murderous neo-Nazi terrorist claimed in his manifesto to be into cryptos.
This was just more trolling nonsense from the alt-right — but James Palmer from Foreign Policy asked if there was a piece in it. Most of the press coverage of neo-Nazis and Bitcoin was from the bubble era — though Breaker did good pieces last October and December — so I figured there was room for an update. I interviewed some experts, and here’s the piece.
In summary: the Nazis were very hopeful that Bitcoin was the way out of their problems with getting kicked off PayPal … but it didn’t work out that way.
My favourite line:
One neo-Nazi podcaster found a credit card processor that was fine with the content of his show but said he was untouchable for another reason: He was considered a money laundering risk because he dealt in cryptocurrency.
I also covered the crossover between the Bitcoin subculture and people who buy into these ideas. The good news is that it’s really very small! The not-so-good news is that it’s greater than zero, and that Bitcoin started out this way. I don’t expect crypto people to be pleased with this section, but it’s also what’s out there in the subculture. Beware of fellow bitcoiners talking about international banker conspiracies and the Rothschilds.
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