Tag: cryptocurrency

Quadriga Cryptocurrency Loses Password to $190 Million

Ralph Tiberius Augustus | Brazil

The value of our digital belongings is starting to overlap with the value of our physical goods. An example is the ever-growing popularity of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc.

Continue reading “Quadriga Cryptocurrency Loses Password to $190 Million”

Advertisements

John McAfee Is Running for President, but He Doesn’t Want Your Vote

Sanders Jett-Folk | United States

72-year-old cybersecurity legend John McAfee started off his new year with a barrage of posts on Twitter, covering topics such as the Bitcoin bear market, Pacific Islanders’ having intercourse with whales, and, yes, a 2020 Presidential campaign. However, this time around, McAfee’s campaign, in which he is running for the Libertarian nomination, comes with one odd circumstance; he does not want anyone to vote for him.

So, Why Is John McAfee Running?

McAfee’s Presidential campaign platform, according to his campaign website, is based on one sole idea: “…How do we free ourselves from a government that no longer serves us, but instead has become our master – controlling our every action, down to the detail of what we may or may not put into our bodies and minds.” His platform consists only of four brief paragraphs. They state that we cannot solve issues like immigration, education and foreign affairs until the people are free. He infers that because our government hides information from us, we do not know the true state of national issues. On the contrary, we only will be able to know when the size and scope of government are much smaller.

Despite this plea for freedom, his campaign slogan is simply “Don’t Vote McAfee”. In another tweet, McAfee stated that he plans to use his platform to promote personal freedom and cryptocurrency. However, he does “not want the job.”

Helping the Campaign

His campaign website also gives examples of how supporters can help his campaign. For example, interested people can volunteer, contact media outlets, form a Political Action Committee (PAC) and donate money. He moreover encourages supporters to spread the word via social media, calling it the “single most consulted data source for determining audience size and engagement in our modern world”. To show the power of social media, he started a meme contest. he personally pledged to give the creator of the best McAfee 2020 meme one Bitcoin.

McAfee’s campaign has already hit a roadblock in its first few weeks. He, along with his wife Janice and four campaign staffers, has been charged with an “unspecified” felony regarding his use of cryptocurrencies. In a video he posted Tuesday on Twitter, he stated that he is running his campaign “in exile” from a boat.

Not His First Rodeo

John McAfee previously ran a powerhouse campaign for the Libertarian nomination in the 2016 election. Initially, he had announced his candidacy under the banner of his own Cyber Party.

McAfee gained notoriety among Libertarians, not only for his strict philosophies of personal freedom and limited-as-possible government but also his bold speaking. For example, in a Google Hangouts debate, fellow candidate Austin Petersen attacked McAfee for being a “former drug dealer”. McAfee doubled down, encouraging Petersen to take a hit of acid, telling him it would “change your life.”

McAfee also made waves in the Libertarian Party by refusing to endorse the party’s nominee, former New Mexico Governor Gary Johnson. He expressed his disdain with Johnson’s supposed willingness to compromise on issues such as gun control. Overall, McAfee labeled Johnson as “Libertarian in name only.”

In the end, John McAfee received the second-highest percentage of the vote in the party’s six primary elections. At the Libertarian National Convention, he placed third with 14.1% of the delegates.


71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon.

Featured Image Source

Libertarians Need to Embrace Bitcoin to Succeed

By Mason Mohon | @mohonofficial

Libertarianism is clearly a pipe dream. The state co-opts libertarianism with seeming ease. The bastions of libertarianism in American politics now are seemingly willingly ignorant of some of the most important issues facing society: an economy that is clearly a facade and wars that will not end any time soon. And the only way out is Bitcoin – but more on that later.

Hopeless Libertarians

Instead of focusing on these precarious features of our present reality, libertarians have decided to take Gary Johnson’s approach. They focus on real issues, like gay marriage (which has been legal since 2015, mind you) and marijuana legalization. Not to downplay the fact that these issues are somewhat important and both should be legal everywhere, it makes no sense to be prioritizing such issues over far more pressing and oppressive institutionalizations that the United States government has decided to implement. Libertarians pair social liberalism with fiscal conservatism. Johnson cleverly called his tax plan the fair tax, so as to virtue signal to everyone that he believed in “fair” taxation, while the numbers chosen for the plan were completely arbitrary and fair is ultimately a completely subjective term.

So things seem pretty hopeless for libertarianism, and this hopelessness is intensified by the nature of democratic governance. The masses, the NPC’s, or the herd, as Nietzsche aptly termed the horde of zombies that consume the latest Kylie Jenner post with feverish enjoyment and meaningful desire, choose who rule us. And what do they choose on the basis of? Whoever makes them the most promises. Trump promised that he was going to impose trade restrictions for the blue collar worker, and they took the bait even though protectionism will ultimately hurt them in a roundabout manner. Candidates like Ocasio-Cortez willingly ignore facts (and defend themselves doing so) while promising truckloads of free stuff to those who have wasted their time and money on useless pursuits and degrees.

Libertarians don’t promise anyone anything. The proper libertarian preaches personal responsibility and strength in your ability to organize your life without the help of a coercive body parading as a mother. But this idea would not appeal at all to the masses. People want to be coddled and escape the harsh reality of owning your own life. And this is why the masses will never elect a libertarian.

It is clear that we should appeal to their self-interest – and on a very basic level. The self-interest of the masses is a simple one. People don’t care about abstract self-interested ideals. Concepts like the importance of time preference and the roundabout benefits of helping entrepreneurs ring hollow. People prefer easy short term gains.

And that is where libertarianism can leverage Bitcoin as a get rich quick scheme to fight back against globalism and liberate the individual.

The Crypto Solution

Bitcoin could be very good for the world. It has a chance to solve both of the very serious issues mentioned beforehand. The ability for Congress to utilize the Federal Reserve in pursuit of endless war means that Bitcoin could sweep the rug out from right under them. No central bank controls Bitcoin. This means that the banks cannot use it as a method for monetary stimulus. This solves the fatal boom-bust cycle. And the only way that this can happen is through mass adoption.

And for mass adoption, there needs to be demand. Some believe that Bitcoin and crypto can be utilized as a form of peaceful resistance. This resistance has already manifested in France. Amidst ATM withdrawal limits and bank runs, the Yellow Vests have become unlikely allies in the fight against the global monetary elites.

Promotion of Bitcoin and other cryptocurrencies as the newest way to get rich quick, paired with its use as an anti-status quo tool, would provide Bitcoin a serious opportunity to begin making real change. Crypto isn’t dead. It’s asleep. And it’s only a matter of time before it becomes a serious threat to the status quo. This means that the libertarian movement needs to give up on the dream of getting a 5% vote. Real political change doesn’t happen inside the boundaries of politics. The only way that we can truly make a change is through transcending the political boundaries that have been marked down for us.

All political Libertarians should hear the words of Slavoj Zizek:

Authentic politics is … the art of the impossible—it changes the very parameters of what is considered ‘possible’ in the existing constellation.


71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon, which you can find here. Thank you very much for your support!

This Blockchain Project Could Save Venezuela

James Sweet III | United States

Venezuela’s currency, the Bolivar, is worthless due to hyperinflation that shows no sign of stopping. Venezuelan citizens are starving, forcing them to resort to rationing the little bit of food they have and stealing food that they can find. The crisis is constantly evolving due to the failed policies of the Maduro regime, but with the help of the blockchain, the situation could become stabilized, saving the families of the nation.

AirdropVenezuela wants to help the impoverished families of Venezuela by donating $10 to 100,000 Venezuelan households, which can be achieved by raising $1 million via cryptocurrency donations. The money, once received, will be converted into the local currency, allowing the families to purchase supplies that they desperately need. The leader of AirdropVenezuela is Steve H. Hanke, a professor at John Hopkins University. Hanke is also a Senior Fellow at the Cato Institute, serving as Director of the Troubled Currencies Project. The project is based on the Airtm platform, which allows you to save your local currency’s value by pinning it to a more stable currency, specifically the United States Dollar.

The civil unrest in the nation makes it dangerous to leave your house, which is another reason why Hanke is leading the AirdropVenezuela project. “We provide in effect a clearinghouse that allows for the exchange of bolivars for dollars and vice versa,” said Hanke to Forbes.  By allowing money to be stored and transferred via the blockchain and the cloud, the time that Venezuelans spend in public is minimized, allowing them to live a safer life while also getting the resources that they need to provide for their families.

The project, while mainly benefitting the families of Venezuela, could help boost the cryptocurrency market. Instead of being risky investments, cryptocurrencies will become a medium of exchange pinned to more stable currencies. Airtm, if successful, will revolutionize the use of blockchain technology by allowing it to have a more practical use. “You could now have the additional demand for cryptos for use as a medium of exchange versus what you have now which is only the speculative demand,” says Hanke.

The Airtm platform will also show the possibility of putting into place a free market exchange rate. Venezuela has a fixed exchange rate, making it hard to exchange Bolivars in the market. If you want to donate to or learn more about the AirdropVenezuela project, you can click here to visit their website.


71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon, which you can find here. Thank you very much for your support!

Featured Image Source

The Yellow Vests Are The New Face Of Bitcoin

By Spencer Kellogg | Spencer_Kellogg

Paris is still burning. While the American public (by way of the American media) has largely been kept in the dark about the intense protests that have engulfed France and other parts of continental Europe, the severity of the situation continues to escalate.

This week, the Yellow Vests called for French citizens to withdraw money from their banks. This action would essentially create a run on the financial system of France and potentially starve the Euro. Officials are calling this their ‘worst nightmare’. In anticipation of the event, some French banks have resorted to limiting bank withdrawals to €150 while others are not allowing customers to access their accounts at all.

Screen Shot 2019-01-11 at 10.16.00 AM

Though a ‘nightmare’ for government officials and the banking elite, a run on the banks would be a rising flare for those that believe firmly in the transformational economic and liberty prospects of cryptocurrencies like Bitcoin. After all, Bitcoin was birthed from the smoldering ashes of the 2008 Financial Crisis and saw its first massive bull run during similar protests across Europe in 2012.

Gilet Jaunes protestor Tahz San has been credited with first introducing the idea of neutering the state’s power by attacking the coffers of multinational banking centers. San posted the following on social media:

“For Act 9, we will scare the state legally and without violence. (…) We all know that the powers of the country are not in the hands of the government but in those of the banks. If the banks weaken, the state weakens immediately. (…) Saturday we will all vote by withdrawing our money to impose the RIC (Referendum citizen initiative) urgently. The operation is scheduled for Saturday, January 12 at 8 am It will be reproduced the following month in case of failure.”

Protestors have called for the bank run to occur on Saturday, January 12st.

Screen Shot 2019-01-11 at 9.52.35 AM

Across France, more than half of all speed enforcement cameras have been destroyed. Leaders in the movement have cited the cameras as a money grabbing measure that adversely affected the poor in France. This comes days after fashion icon Dior moved their Paris show after protestors caused millions of dollars of damage to the Champs-Elysees storefront in November.

The proposed run on banks comes after Prime Minister Edouard Philippe suggested a crackdown on public protests earlier this week. In essence, pulling money from the banking system of France is the last form of legitimate political protest without the introduction of physical violence.

Bitcoin was created for days and weeks and months like the ones we have witnessed in France. It is the greatest destabilizing tool against the weaponized and centralized modern states of power and luxury. Though the protestors began with the simple hopes of overturning an unreasonable fuel tax, they have arrived at the point where real action against purveyors of the empire must be taken.

For now, the Yellow Vests are the face of Bitcoin.



71 Republic is the Third Voice in media. We pride ourselves on distinctively independent journalism and editorials. Every dollar you give helps us grow our mission of providing reliable coverage. Please consider donating to our Patreon, which you can find here. Thank you very much for your support!

Featured Image Source