Fact-Checking MSM: The Hysteria Surrounding Neo-Nazi Bitcoin Funds


If every narrative needs its powerful villain, mainstream media hasn’t hesitated in making the alt-right appear a scarier boogieman than it really is. Following 2016’s electoral win of Republican President Donald Trump, many activists and political pundits expressed shock in the belief that these fringe white supremacist movements rose to dangerous popularity overnight.

Their mentality was like that of Plato’s Cave — the allegory of innocent men chained to walls in fear of the outside world’s non-existent threats — this time applied to media consumers hearing only tales of neo-Nazis as some ruthlessly organised tyranny. While the deplorable egos of fascists are undying, still persistent in their racist views for several decades, their movement remains the larping embarrassment of modern politics.

As we reach the one year anniversary of the deadly “Unite The Right” rally in Charlottesville, Virginia — which saw the tragic death of counter-protestor Heather Heyer and 2 U.S. soldiers — a second rally is currently scheduled for this weekend. Virginia’s Governor Terry McAuliffe has now called for an official “state of emergency” as 400 far-right activists expected to flood into Washington D.C. and other parts of the country come August 11th. Ahead of these rallies, prominent outlets such as Forbes, The Daily Beast, The Hill and Mic.com have reported that far-right bitcoin donations are “rapidly growing”.

This wouldn’t be a problem if we’re just talking the ethics behind these donations. There’s certainly an argument that even just one penny going towards rallies known for their violent radicals is too much. The issue is we can’t allow these radicals to have us turn off our critical thinking and lie. The big scary number the outlets cite is this “$10,000 surge in bitcoin donations” ahead of the new rally. This would concerning… but there’s a dishonest catch. To use the word “surge” implies that individuals, in some recent populist wave, are all chipping in money to support their growing cause.

However, this isn’t reality.

Nazis, by their nature, barely have any friends.

And we have the science to prove it.

According to a Ipsos poll, where 5,360 American adults were questioned on racial issues, well over 89 percent of respondents agreed that all races should be treated equally, 70 percent strongly agreeing that “all races are equal”. Only an insignificant minority outright disagreed with that statement. That’s not exactly a large poll of Americans ready to join the ethno-state movement.

Consider the chart provided by Forbes. They cite another scary number saying the alt-right trash blog, The Daily Stormer, “attracted some $60,000 in bitcoin and cryptocurrency donations” prior to Charlottesville. How did these Nazi pull together so many funds from so many hateful Americans? Well, they didn’t. According to their own BTC tracker source and blockchain records, $56,000 of those donations came from one person.

“While cryptocurrency is often anonymous, if you’ve made your public address available at it’s known to be linked to you, then people are able to see the wallets incoming and outgoing funds via the blockchain,” cyber security analyst John Bambenek told Forbes of his tracker. “I even came across one neo-Nazi using an Israeli bitcoin exchange, which I found quite ironic.”

The only reason this amount was sent was for an inside neo-Nazi meme, sending 14.88 bitcoins to have a laugh at the iconic 14 words of their white supremacist ideology. The alt-right, despite their desperate desire for some all-powerful ethno-state, couldn’t even pull together $5,000 for 15 minutes of fame to celebrate confederate general Robert E. Lee. Not without playing welfare queen to one rich scumfuck with enough play money to waste on some memes. That’s hardly a “surge”. It’s sad.

This new “surge” is no different.

That recent $10,000, when examined through the blockchain transactions, amounts to only $8,000 from 2 accounts on the 27th of July. Sure, any donation made to organisers like the Daily Stormer’s Jewish webmaster, Andrew “Weev” Auernheimer and Chris “Crying Nazi” Cantwell, should be reported to the public. These are deplorable people will use any money they can to enact deplorable levels of violence. We just shouldn’t pretend they’re any more powerful than they are.

Even The Southern Poverty Law Center, the absolute crying wolf of the newly discredited watchdogs organisations, admit the likes of Jason Kessler have embarrassing incomes of only $55 over the past two months. Not all Nazis can be Weev, reportedly worth $1.8 million in cryptocurrency.

We can take a wild guess as to who that single donor could possibly be.

That’s right — their own Jewish welfare provider, as revealed by our report into Weev’s ethnic ancestry. Everyone else, it seems, is either playing catch-up, checked out or has cucked to their own enemy.

How very ironic, indeed.

Thanks for reading!

Bailey T. Steen is a journalist, editor, artist and film critic based in Victoria, Australia, but is also Putin’s Puppet on occasion.

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