A Huge Tolerance for Unreality

Indeed. Excerpts, emphasis added.

SPLC material: Laugh at this. I usually don’t link to scum like the SPLC, but this is just too good to pass up.

Hatewatch identified and compiled over 600 cryptocurrency addresses associated with white supremacists and other prominent far-right extremists for this essay and then probed their transaction histories through blockchain analysis software. 

These people have every right to earn money and to use cryptocurrency if such is necessary in today’s climate of ideological intolerance that filth like the SPLC promote. My own objections to these activities are summarized at the end of this post.

What we found is striking: White supremacists such as Greg Johnson of Counter-Currents, race pseudoscience pundit Stefan Molyneux, Andrew “Weev” Auernheimer and Andrew Anglin of the Daily Stormer, and Don Black of the racist forum Stormfront, all bought into Bitcoin early in its history and turned a substantial profit from it. The estimated tens of millions of dollars’ worth of value…

Then they cry poverty and engage in continuous fundraising.  How about earning this largesse through productive activism instead?

…extreme far-right figures generated represents a sum that would almost certainly be unavailable to them without cryptocurrency, and it gave them a chance to live comfortable lives while promoting hate and authoritarianism.

That’s a good thing if – and only if – they were actually earning the money through work that advances the cause, which unfortunately is not the case.

Extremist Early Adopters of Bitcoin

Less than a quarter of Americans presently own some form of cryptocurrency as of May 2021. But those numbers increase substantially within fringe right-wing spaces, according to Hatewatch’s findings, approaching something much closer to universal adoption. 

That demonstrates how limited “Hatewatch’s” understanding of the “fringe right-wing space” is, said ignorance being a good thing.

Hatewatch struggled to find any prominent player in the global far right who hasn’t yet embraced cryptocurrency to at least some degree. 

By “prominent player” do they specifically mean a High Trust Quota Queen grifter?  

The average age of a cryptocurrency investor is 38, but even senior citizens in the white supremacist movement, such as Jared Taylor of American Renaissance, 69, and Peter Brimelow of VDARE, 73, have moved tens of thousands of dollars of the asset in recent years.

How come I’m not surprised by that?  Cue “Gregory Hood” crying “movement” poverty.

Cryptocurrency, or a group of digital moneys maintained through decentralized systems, has grown into a billion-dollar industry. A growing swath of Americans embrace the technology. Nothing is inherently criminal or extreme about it, and most of its users have no connections to the extreme far right. 

Excuse me, you filthy scum, there’s nothing “inherently criminal or extreme” in holding opinions that the SPLC disagrees with.

…‘Who are these people?’ there’s evidence that a lot of them are not the people you would want to support.

Obviously they do have support, moron. Where do they get their money from?

‘A huge tolerance for unreality’

Johnson of Counter-Currents, an influential figure in the white nationalist movement due to his outspoken support for the creation of an “ethnostate” serving only white, non-Jewish people, first picked up Bitcoin on Jan. 19, 2012, Hatewatch found, making him the first known figure in the movement to invest.

Of course. If it has to do with earning money, one can expect Gaslighting Greg to be at the forefront.

Johnson obtained the 29.82 Bitcoin on a date when prices for the asset sat between five and 10 dollars. Hatewatch found that Johnson flipped the Bitcoin from that first transaction and additional ones into over $800,000 worth of value. 

But, hey, all you guys living in your parents’ basement, you send in your few shekels to Counter-Currents, so you can live in The Golden Age today!  And make sure to do “estate planning” to leave whatever little you have to Greggy, rather than to your own family.

He has turned his website Counter-Currents into a hub for cryptocurrency discussion in the movement and solicits donations in digital tokens, or cryptocurrency “coins,” such as Bitcoin, Ethereum, Litecoin, Monero, Bitcoin Cash, Tether, Cardano, Ripple, Dash, Neo, Stellar Lumens and Basic Attention Token. Hatewatch reached out to him for a comment on this essay, but he did not respond.

He’s too busy fundraising.

“If any of you haters out there have any Bitcoin and you just want to get rid of it, send it to Counter-Currents, we have a Bitcoin address,” Johnson said on a Jan. 5 edition of his livestream, referring to those who perceive cryptocurrency as lacking in real world value. “I’ll hold it, I’ll stack it, I’ll keep it...

Indeed.

…I have a huge tolerance for unreality.”

Well, I see that Johnson and I can agree on that at least.

Johnson often platforms on his site an antisemitic white nationalist personality who goes by the pseudonym Karl Thorburn. As Thorburn, the author advises people in the movement to purchase and hold Bitcoin as an investment. 

Hold it?  No, no, a thousand times no!  You must donate it to Johnson.

Matt Gebert, a State Department official Hatewatch identified as a white nationalist organizer in 2019 (the government suspended him after we published the story), also has contributed material to Johnson’s Counter-Currents.

Counter-Currents is fighting the System! If you have any doubts, donate to their tax exempt 501c3 foundation.

“Bitcoin started in right-wing libertarianism,” Gerard said in an email. “This is not at all the same as being a neo-Nazi subculture. 

You’re behind the times, Gerard. With WN 3.0, what’s the difference?

‘At the expense of the parasites’

Molyneux, a self-described moral philosopher who started his career as a libertarian pundit, denies being a white supremacist despite repeatedly and falsely claiming that non-white people are predisposed to be of lower intelligence. 

That’s not “false” – at least with respect to Negroes and many Hispanic types. The evidence is overwhelming.

Molyneux generated million-dollar profits in less than a decade through his donations, flipping $1.67 million worth of value into at least $3.28 million. 

Cry poverty!

In February 2021, he described the value of cryptocurrency using tropes commonly associated with antisemitism.

“Bitcoin is a currency that serves the people at the expense of the parasites, rather than the currency which serves the parasites at the expense of the people”…

I suppose that by “parasites” he is not including “movement” “leaders.”  Why not?

‘The dollar is going to collapse’

Neo-Nazis promote propaganda claiming that Jewish people control the banking industry for the purpose of deliberately harming or undermining the ambitions of non-Jewish white men. 

That’s objectively true, isn’t it?

They also often openly cheer for the destruction of the U.S. as we know it – portraying the collapse of the government and financial system as an inevitability. 

Well, maybe eventually, who knows?  But Der Movement has been preaching “the System is about to collapse; it is imminent” for the past 50 years.

Daily Stormer editor Andrew Anglin, who in recent posts to his site advocated for the legalization of gang rape and called the COVID-19 pandemic a hoax…

Greg Johnson’s “WN 3.0.”

“We know as an absolute matter of fact that the dollar is going to collapse, and presumably every other fiat currency on the planet is going to get dragged down with it. Maybe property or metals are better than crypto. 

Here is a basic economic truth – the value of something is only what someone else is willing to pay for it or exchange for it, and, of course, the inherent value of that something to its owner.  You can’t eat gold. Gold has no intrinsic value (well, it does have some practical uses, but those uses are not the reason for gold's value) other than it is considered desirable; but in a Mad Max scenario, it will be as worthless as “fiat currency” unless it somehow is accepted as a medium of exchange – and there is no guarantee that it will. Property at least can be lived in. And only an idiot will say that a prediction of a sociopolitical/economic event is a "absolute matter of fact." How many times have we heard something like that about things that still have not occurred decades later?

The Associated Press and PBS Frontline collaborated on a report in September showing that Anglin supporters have sent him at least $4.8 million in Bitcoin, based upon data pulled from Chainalysis, a cryptocurrency analytics firm. 

Can he pay off legal judgments then?

The criminal underworld has reportedly employed Monero at a growing rate. The Financial Times noted in June that Monero has become “an increasingly sought-after-tool for criminals such as ransomware gangs.” In August, when comedian John Oliver ran a segment on his show depicting Monero’s advertising as subtly winking at criminals, an outreach organizer for the token defended their technology on grounds that it fights back against “a society of ever-growing mass surveillance.” Monero has elsewhere argued that it enables commerce and does not promote secrecy, or crime, any more than cash.

The SPLC, in a not-so-subtle fashion, tries to equate ideological opponents to “the criminal underworld.” They’re absolutely despicable. Want to see folks worse than the Quota Queens?  Try the SPLC.

Fuentes has not received or spent any Bitcoin at that address since Dec. 16, 2020, when he withdrew all 13.73371697 Bitcoin in his account, worth $266,392.40. 

Cry poverty!

‘A place that doesn’t hate us’

In the aftermath of the violence on Jan. 6, a gaming video livestreaming site called DLive banned Fuentes. Their decision further isolated the 23-year-old extremist, who had up to that date used nightly live video appearances on the site to influence crowds of young men to attend Stop the Steal rallies. People donated to white supremacists and neofascist livestreamers in substantial amounts on DLive, as Hatewatch has previously reported. The company permanently removed a number of extremists beyond Fuentes after Hatewatch reported on them, including the antisemitic performer Owen Benjamin and Jan. 6 participant Tim “Baked Alaska” Gionet.

Freaks aplenty.

‘The music will eventually stop’

When the Australian bank Westpac cut ties with Hitlerite, anti-Muslim extremist Blair Cottrell, his supporters, and many libertarians who may feel ambivalent about his hateful beliefs and simply love cryptocurrency, hyped his situation as an ideal reason for Bitcoin’s existence. These advocates suggested that if banks agree to cut ties with far-right extremists, those who are affected should respond by converting their fiat money (money issued by a government) entirely into cryptocurrency. This way of seeing the world, layered with dreams of big payoffs in passive income and understandable fears of government intrusion, has taken hold on the far-right fringe. But converting your money entirely into cryptocurrency carries undeniable risks.

So, on the one hand, scum like the SPLC support banking deplatforming of “far-right extremists,” and then, on the other hand, they crow about how unstable the alternatives are.  What low-life filth the SPLC scum are.

“Regulators want to crack down on fraud,” financial analyst Jacob King told Hatewatch of the cryptocurrency space. “While this is great news in the long run, it will have a disastrous impact on the price of Bitcoin and many altcoins as they are dependent on price manipulators like Tether and Binance.

Just the sort of unstable esoteric nuttiness that is grist for the mill for Quota Queen incompetents.

The feds are also allegedly probing Binance, cryptocurrency’s most trafficked exchange, in an investigation led by government officials who investigate money laundering and tax evasion…

Euphemisms for politically motivated harassment.

“Neo-Nazis have mainly used cryptocurrencies to escape the traditional financial system,” King added. “While that may have worked for the last few years, we’re seeing a huge pushback from regulators. The crypto markets are like a giant game of musical chairs. The music will eventually stop, and millions will be subjected to major losses as the prices tank back to their true values.”

That’s OK. The Quota Queens will use that as an excuse for more rounds of shameless tin cup rattling fundraising.

In addition to concerns about crashes, investors sometimes lose access to their cryptocurrency due to missing passwords or other blunders, rendering millions of dollars of value useless. 

Der Movement and “blunders” go together like peanut butter and jelly.

‘More valuable than gold’ or ‘close to nothing’

The “true values” of cryptocurrencies, as King put it, depends on who you are asking, and opinions vary in the extreme. What happens to digital currencies from here is likely to have a profound impact on the far right due to the degree to which extremists have adopted the technology relative to the population as a whole.

Given the established record of continuous failure for the Quota Queens, one can surmise that an inevitable disaster is waiting to unfold.  Time will tell.

For the risk analyst and author Nassim Nicholas Taleb, the true value of Bitcoin may be zero. He opined about its value in a recent paper:

Few assets in financial history have been more fragile than bitcoin. 

Makes sense then that inept Quota Queens would plunge right in.

Either way, those who invest in cryptocurrency have already experienced price volatility in the extreme, demonstrating the degree to which funds can evaporate overnight. 

More great judgment from Der Movement.

As I have previously written, I have no problem with activists making money to support genuine activism. What I do have a problem is with people crying poverty while raking in large sums of money, and then not earning that money by engaging in useful, positive work that significantly advances the cause. Money in activism is supposed to be a means to an end, not an end in itself. Unfortunately, I see people who seem to me to be engaging in activism to make money, rather than making money so as to be able to engage in activism. What I observe is endless fundraising and people who create “brands” to cater to the worst instincts of their supporters, with the objective to maximize D’Nations. I see people earning $340,000 in “executive compensation” in a year for doing what other people, like myself, do for nothing. That is in my opinion completely unacceptable and I will continue to oppose it.

Of course, if the SPLC was really opposed to White nationalism, then they would (indirectly of course) support the careers of the inept Quota Queens mentioned in this article, whose net contribution to the cause is best represented by a negative sign, and who stand in the way of a new and authentic pro-White movement. I suppose that all of the accusations are true that aver that the watchdog groups are themselves grifters (the mirror images of those they allegedly oppose) who create bogeymen out of pitiful failures in order to scare leftist suckers into contributing money. On the other hand, perhaps, by giving these “movement” idiots publicity as “dangerous extremists” and thus legitimizing them to their followers, the watchdog groups are indeed supporting the Quota Queens and thereby damaging White nationalism, a “win-win” situation for the watchdogs when coupled with the fundraising successes that the scare tactics enable.

Instead of attacking the beliefs of others, can the SPLC articulate a positive view of a society they would like to see, and convince others of it? That’s doubtful, as the multiracial, multicultural consensus slowly collapses and people don’t take that crap seriously anymore. On the other hand, Der Grifter Right is intellectually and morally bankrupt, so what we have is an ideological vacuum, leading to nihilism.