Summary

Donald Trump’s potential loosening of cryptocurrency regulations as president could benefit extremist groups like neo-Nazis and terrorists who use crypto for anonymous fundraising.

Far-right groups, such as the Base, already solicit Bitcoin and Monero for training and supplies, exploiting crypto’s anonymity to evade financial scrutiny.

While Biden’s administration has cracked down on crypto over national security concerns, Trump’s pro-crypto policies and appointments could accelerate extremist financing.

Analysts warn that weak private sector oversight and a lack of regulatory enforcement enable such activities, raising concerns about future abuse of cryptocurrencies.

      • horse_battery_staple@lemmy.world
        link
        fedilink
        arrow-up
        13
        arrow-down
        1
        ·
        5 days ago

        I hold XMR and run a couple algos. I fully understand the need for anonymous payment. Crypto has been co-opted by AnCaps and hackers. It’s absolutely appropriate to feel that 90% of crypto are rug pulls and pump and dump shit coins.

          • HappyTimeHarry@lemm.ee
            link
            fedilink
            English
            arrow-up
            3
            ·
            5 days ago

            I’d really love to hear more about why xmr isn’t decentralized or anonymous if you could share more info

            • Aphelion@lemm.ee
              link
              fedilink
              arrow-up
              2
              arrow-down
              1
              ·
              5 days ago

              Ah never mind, my dislexic and uncaffinated brain read XMR as XRP (Ripple), which isn’t decentralized. Monero does have its uses.

                • Voroxpete
                  link
                  fedilink
                  arrow-up
                  2
                  arrow-down
                  1
                  ·
                  5 days ago

                  No, there’s good reasons to recognize people like Nazis as human.

                  Despicable, unforgivable, utterly detestable humans. But still humans.

                  It’s an important distinction, because when you say to yourself “Monstrous people aren’t human” the unspoken corollary to that is “And I’m human, therefore I cannot be a monstrous person.”

                  Dehumanizing Nazis is how Nazis get away with being Nazis. Because when they’re cartoon monsters on TV, everyone recognizes them as Nazis. But when it’s someone’s cousin or uncle, they figure “I know that guy. Yeah, he’s got some shitty opinions, but he’s not a monster. He loves his kids. He helps out at the church bake sale. So there’s no way he could actually be a Nazi, because only monsters can be Nazis.”

                  It’s incredibly important to admit to ourselves that evil can live anywhere. That it can be in anyone. It would be easier to live in a world where we could draw these clean lines between monsters and humans, but reality just isn’t like that.

                  Nazis are human beings, and that is by far the worst and most horrifying thing about them.

                  • horse_battery_staple@lemmy.world
                    link
                    fedilink
                    arrow-up
                    4
                    ·
                    5 days ago

                    Yes, this is true and a more nuanced argument than the person I was responding to deserved. We’re all susceptible to propaganda and it can absolutely happen here. However fascists leverage good will to normalize hate and fear.

                    The only thing that we cannot tolerate is intolerance.

      • grue@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        edit-2
        5 days ago

        No, fuck this. You are not entitled to make insinuations about people’s mental state just because they don’t agree with your gaslighting bullshit. You need to be banned.

        Edit: brand new account; probably evading some other ban. Get this trash out of here.

        • ReanuKeeves@lemm.ee
          link
          fedilink
          English
          arrow-up
          6
          ·
          5 days ago

          There are a lot of people who take the approach of “If I make absolutely no sense until the other person gets frustrated, that means I win”.

          Checkmate, you stupid round earth idiots