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U.S. insurrectionists received $500k in bitcoins from French donor

blog.chainalysis.com

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Re: U.S. insurrectionists received $500k in bitcoins from French donor

#61

Post by gambiting »

kristopolous wrote: post #30
Klonoar wrote: post #12

The other day, I tweeted out my tin-foil-hat theory that the recent BTC runup was partly due to alt-right interests, expecting the events on the 6th to go very differently. This kind of makes me wonder even harder.

I spend time on gab and parler (I'm not a believer, I'm just curious). It really looks like it's people who genuinely feel Joe Biden will be the end of america. They think the stock market will crash and dollars will be useless as Biden ushers in some kind of communism. From the volume of comments on the posts, there's quite many of them. This run will probably last as long as their finances allow. I don't think it'l…

Tbf I think there was also a lot of people who genuinely and truly believed that Obama, as in - a black president - would be literally the end of America. I have no idea what those people think now, but I'm also not terribly keen to find out.

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#63

Post by ajkdhcb2 »

jbverschoor wrote: post #51
ajkdhcb2 wrote: post #33

I hope this will get attention. Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. Even if youre doing nothing wrong, would you want to unintentionally receive funds linked to this?

Same with a bas of cash, or just a transfer to your account.

Cash is private so it doesn't matter

Bank transfers are not a peer-to-peer system and there are processes in place for anti-moneylaundering

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#64

Post by wavefunction »

rvz wrote: post #59
ajkdhcb2 wrote: post #33

I hope this will get attention. Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. Even if youre doing nothing wrong, would you want to unintentionally receive funds linked to this?

> Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. So cash is just as dangerous then as it is also used by criminals?

There are a lot of people who assume that cryptocurrency is an anonymous way to transmit value and while it's somewhat possible for the technically capable, it's good to educate people about the reality. Cash is often more anonymous than a publicly distributed ledger especially when the recipient and sender addresses are known. I of course do not support terrorism or funding terrorism, but I do support educating people so they don't take a risk they shouldn't have in the first place. Better to donate those funds to a local charity in your community that will provide constructive use for your immediate area.

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#65

Post by SimonPStevens »

ajkdhcb2 wrote: post #33

I hope this will get attention. Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. Even if youre doing nothing wrong, would you want to unintentionally receive funds linked to this?

I'm not sure of the point here, this seems a bit nonsensical. Do you avoid using cash too because criminals use it?

Using or accepting Bitcoin is not dangerous because of this. And you have no more chance of unintentionally recieving funds linked to this than you have of unintentionally recieving cash used for criminal purposes.

(Not intending to start an argument for or against Bitcoin, and there are other pros and cons of it I'm sure, but this particular one is not really valid)

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#66

Post by ajkdhcb2 »

rvz wrote: post #59
ajkdhcb2 wrote: post #33

I hope this will get attention. Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. Even if youre doing nothing wrong, would you want to unintentionally receive funds linked to this?

> Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. So cash is just as dangerous then as it is also used by criminals?

Cash is private so it doesn't matter

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#67

Post by scythe »

Apparently the donor committed suicide after living with trigeminal neuralgia (and possibly other conditions). That's a horrifyingly painful condition, the sort of thing I wouldn't wish on... a fascist financier. It's a reminder that, as humans, we all stand against a generally cold and uncaring Universe.

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#68

Post by snicksnak »

jeffbee wrote: post #32
snicksnak wrote: post #24

And Janet Yellen received millions from wall street prior to taking over the treasury department... what has that to do with anything. Nick Fuentes is despicable, but this whole article is innuendo, the title on HN included.

Which part of the headline is not supported by statements of fact from the article? The article's own headline is about 5 times too long to appear on HN so I had to abbreviate it.

The article never uses the term "insurrection".

It does not provide any evidence that the recipients of the funds took part in the capitol hill riot, but instead acknowledges in lack thereof. The title claims the recipients where "involved", but the article never determines in what way.

I want to be clear, I don't defend those individuals or condone their views or actions, but just feel this article is mostly a PR stunt.

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#69

Post by ajkdhcb2 »

SimonPStevens wrote: post #65
ajkdhcb2 wrote: post #33

I hope this will get attention. Just so more people will realise that bitcoin is dangerous to use and accept because it is not private. Even if youre doing nothing wrong, would you want to unintentionally receive funds linked to this?

I'm not sure of the point here, this seems a bit nonsensical. Do you avoid using cash too because criminals use it? Using or accepting Bitcoin is not dangerous because of this. And you have no more chance of unintentionally recieving funds linked to this than you have of unintentionally recieving cash used for criminal purposes. (Not intending to start an argument for or against Bitcoin, and there are other pros and…

Cash is private so it doesn't matter. When you pay with it, nobody knows where it came from.

You can have extreme inconvenience for being linked to illegal bitcoin transactions.

Re: U.S. insurrectionists received $500k in bitcoins from French donor

#70

Post by anigbrowl »

Five people died, including two police officers

This is inaccurate. One police officer and 4 of the rioters died on the day of the incident. Another Capitol police officer subsequently committed suicide at home for reasons that are at present unclear.

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