According to the latest news, a handful of media personalities have been terminated from their banking services terminated by Chase Bank. The most prominent names include Proud Boys leader, Enrique Tarrio, Rebel Media host, Martina Markota, an independent reporter, Joe Biggs.
These efforts to curtail the alternative views by mainstream media are a huge blow to all those who trust in the power of democracy. Importantly, this could also impact those who are in pursuit of exploring the forms of currency such as the Bitcoin.
Use Of Bitcoin
Bitcoin does not have a concern about your status, ethnicity, gender, or race. This is a quality that cannot be found in the fiat money systems. Several important public figures have had to experience such a terrible fate of facing the approval of the bank for a transaction. This includes the likes of Rebel Media presenter Martina Markota who had her Chase Bank account stripped without any explanation.
Other incidents include the blockage of account of Army veteran and independent journalist, Joe Biggs. His services were restored only after a considerable amount of pressure from his followers. Also, Enrique Tarrio, the leader of the right-wing Proud Boys group, was given a deadline of until April to transfer his accounts to elsewhere before his accounts would be taken away.
Other platforms, including Patreon, also tried to keep the controversial figures in the dark.
Bitcoin is an adequate payment network which cannot be censored at any cost. It has no permissions or borders and hence could greatly benefit those involved in the field of content creation. Several of the public figures such as Jordan Peterson, Martina Markota, Sam Harris and Joe Biggs have a huge following of over 2.5 million on Twitter. If they happen to start promoting BitCoin on social media as a censorship-resistant currency, it could make huge changes in the financial world.
Many companies involved in financial blacklisting have faced left-wing agitation by Southern Poverty Law Center (SPLC) as well as Color of Change. This made them withdraw the services from Trump supporters and conservatives. The latter is responsible for the blacklisting of Robert Spencer. Trump’s supporters also claim to have removed 158 funding sources from several of the “white supremacist sites.” However, the group refrained from mentioning the names of the sites.
Liberal groups have also sounded caution regarding financial blacklisting. The Electronic Frontier Foundation (EFF) said that banks and payment processors were slowly becoming “de facto internet censors.”
Furthermore, today’s media companies with excessive control over the ones that are heard and not have started making some serious remarks with wide implications. They have begun conspiring against conservatives.