Bitcoin (BTC) can’t be snatched, which makes it a great tool for giving back. But human organizations are still the places where things go wrong.
Bitcoin has come a long way since its creator warned people not to send the new digital currency to WikiLeaks. Satoshi Nakamoto said on the Bitcointalk forum that WikiLeaks has kicked the hornet’s nest, and the swarm is on its way to us, so we need to be careful. It was his or her or their last message to the public before they quit.
Julian Assange, the founder of WikiLeaks, asked for Bitcoin donations after its bank account and other crowdfunding sites cut off the group. This is exactly the kind of situation for which Bitcoin was made. This is the reason for its creation. Bitcoin is a decentralized financial network that allows anyone to buy and sell digital assets anonymously and freely.
Consider the recent fundraiser for a group of Canadian truckers protesting coronavirus-related restrictions. The Bitcoin network does what it should. It doesn’t matter what Satoshi thought about the new money network at the time, because now they’re all fixed.
They announced they have raised more than their objective of 21 BTC for the Ottawa Freedom Truckers Convoy. People are still giving to Tallycoin, and they’re nearing the $1 million milestone, which is good. Some 5,511 people, including the founder of the crypto exchange Kraken, Jesse Powell, gave money to help people in need. So far, anonymous donors have contributed more than $300,000 to the cause.
A lot of the time, today’s convoy is in a much worse situation than WikiLeaks. During this time, the Canadian government has expanded the scope of its anti-money laundering and anti-terrorist financing rules in order to stop protesters from getting donations (including crypto).
Canadian Deputy Prime Minister Chrystia Freeland said banks can freeze accounts linked to protesters without a court order and will be immune from lawsuits if they act in good faith. Prime Minister Justin Trudeau invoked the never-used Emergencies Act on Monday. Toronto-Dominion Bank in Canada allegedly froze the accounts.
Cryptocurrency like BTC allows people to transact across borders anonymously. The first crypto donation request occurred after GoFundMe suspended a $7 million account due to protest violence and other illegal actions.
The Things that BTC Holders Care About
Some bitcoiners have gone their own way and sent donations to people instead of using Bitcoin for Truckers. Some people took to Twitter to ask for the names of protesters they could send sat to directly. This is a good option for the P2P Bitcoin network, but it may not be able to handle a lot of protesters at once, so it may not work.
Bitcoin, because it is a value-neutral technology for digital payments, doesn’t care about the debate that’s taking place in society. Publications like Bitcoin Magazine are happy to show how BTC is funding a group of people who want to keep their natural and legal rights.
It makes no difference if the game theory is sound or the movement is decentralized. People are not machines, regardless of how sophisticated the game theory. With Bitcoin, we can send money to anyone at any time. The last thing we need to concern ourselves with is getting the money there.
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