The 'Freedom Convoy' Bitcoin Donations Have Been Frozen and Seized

The 'Freedom Convoy' Bitcoin Donations Have Been Frozen and Seized

2 years ago
Anonymous $jukOC22bR_

https://www.vice.com/en_us/article/jgmnpd/the-freedom-convoy-bitcoin-donations-have-been-frozen-and-seized

As Canadian protests against vaccine mandates rose to become a cause célèbre, millions of dollars in donations flew to a Christian crowdfunding site. But that site got hacked and also had to freeze millions of dollars meant for the self-styled “freedom convoy,” after the government enacted the Emergencies Act to cut off protesters from the financial system.

In that moment, Bitcoin entered the arena hoping to be the lead rescuer of the protesters from financial troubles, with the organizers of Bitcoin fundraiser HonkHonkHodl raising more than $1 million in the cryptocurrency. It was a big moment for Bitcoin, and the ideals that its proponents see in the cryptocurrency, like censorship-resistant money. "I still can't believe that this is the protest that would prove every Bitcoin crank a prophet,” David Heinemeier Hansson, Basecamp’s co-founder and a long-time anti-Bitcoiner, wrote in a blog titled “I was wrong, we need crypto,” at the time. . “And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies."

The 'Freedom Convoy' Bitcoin Donations Have Been Frozen and Seized

Mar 15, 2022, 3:51pm UTC
https://www.vice.com/en_us/article/jgmnpd/the-freedom-convoy-bitcoin-donations-have-been-frozen-and-seized > As Canadian protests against vaccine mandates rose to become a cause célèbre, millions of dollars in donations flew to a Christian crowdfunding site. But that site got hacked and also had to freeze millions of dollars meant for the self-styled “freedom convoy,” after the government enacted the Emergencies Act to cut off protesters from the financial system. > In that moment, Bitcoin entered the arena hoping to be the lead rescuer of the protesters from financial troubles, with the organizers of Bitcoin fundraiser HonkHonkHodl raising more than $1 million in the cryptocurrency. It was a big moment for Bitcoin, and the ideals that its proponents see in the cryptocurrency, like censorship-resistant money. "I still can't believe that this is the protest that would prove every Bitcoin crank a prophet,” David Heinemeier Hansson, Basecamp’s co-founder and a long-time anti-Bitcoiner, wrote in a blog titled “I was wrong, we need crypto,” at the time. . “And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies."