U.S. Academic Condemns Bitcoin and Blockchain as Promoting Right-Wing Extremism

U.S. Academic Condemns Bitcoin and Blockchain as Promoting Right-Wing Extremism

A U.S. author and academic has written a book on how bitcoin supports the spread of extreme right-wing political views in a deceptive manner, claiming distributed ledger technology’s resistance to centralized control is an extreme right-wing concept. David Golumbia, an assistant professor in the Virginia Commonwealth University’s English department, denounced bitcoin in a blog post titled, “Trump, Clinton and the Electoral Politics of Bitcoin.” Golumbia also recently published a book, “The Politics of Bitcoin: Software as Right-Wing Extremism.” An Insidious Force. Golumbia claims bitcoin....


Related News

Review: "The Politics of Bitcoin" Offers a Flawed and Misleading Partisan View

David Golumbia, an assistant professor in the Department of English at Virginia Commonwealth University, an aspiring political pundit, and the author of the recently published book, The Politics of Bitcoin: Software as Right-Wing Extremism, denounces Bitcoin in a recent blog post titled Trump, Clinton, and the Electoral Politics of Bitcoin. “[What] concerns me about Bitcoin is how it contributes to the spread of deeply right-wing ideas in economics and political philosophy without those right-wing associations being made at all explicit,” says Golumbia, adding that the freedom and....

Kenyan Government Uses IBM Blockchain to Prevent Academic Certificate Fraud

The Kenyan government is utilizing Blockchain to develop an immutable and transparent education management system. The Ministry of Information, Communication and Technology (ICT) is currently collaborating with IBM to enable schools and other educational institutions to issue academic certificates on a cloud-based Blockchain network. In a recently released report, the Association of International Educators (NAFSA), which represents over 10,000 members and 3,500 institutions located across 150 countries, revealed that academic fraud is becoming a serious issue for prominent and reputable....

Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying transactions that involve “extremists” and that fund “hate movements.” The company will investigate and disrupt the financial flows that support specific hate groups and alleged....

Extremism and Cryptocurrency: The Story Too Big to Ignore

In this episode, Anna Baydakova, Danny Nelson, and Tanzeel Akhtar discuss livestreaming the insurrection on a blockchain, Iran taking the mining industry under control, and if Europe can regulate bitcoin.

Holberton School Begins Tracking Student Academic Credentials on the Bitcoin Blockchain

Educational institutions are turning their attention to the public blockchain to record and verify student credentials. Under normal circumstances, recording student achievements using paperwork can be labor-intensive and costly, making blockchain a significant step toward maximizing cheapness, security and transparency. Holberton School of software engineering, based in San Francisco, is now actively recording student achievements through blockchain. In October 2015, the institution announced its plans, making it the world’s first school to authenticate academic certificates in this way.....