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WikiLeaks thanks US government for blocking credit card donations

By Greg S · 9 replies
Nov 7, 2017
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  1. Founder of WikiLeaks Julian Assange has taken to Twitter to publicly thank the US government for denying access to credit card and banking systems in 2010. The goal was to prevent money from being funneled to WikiLeaks, but that plan may have ended up backfiring.

    Assange claims that as a result of the financial blockade, WikiLeaks switched to accepting Bitcoin donations. Since July 2010, Assange says that he has achieved over a 50,000% return on investments. The Bitcoin address used by WikiLeaks has made of 26,000 transactions and has passed over 4,000 Bitcoins through it.

    Bitcoin currently has a value of ~$7,200, making Assange's total donations worth as much as $29 million if no coins were spent. At this time, there is around $55,000 known to be stored in the WikiLeaks wallet.

    WikiLeaks now accepts several different cryptocurrencies in attempt to receive donations without using any US banking systems. Bitcoin, Litecoin, Zcash, and Monero are all accepted by the notorious leak site. Due to the nature of Zcash and Monero, it is impossible to know how much money WikiLeaks has received in either of the two currencies.

    No matter your opinion on what should happen to WikiLeaks, the issue of funding potentially harmful groups is now more difficult than ever before. Even though cryptocurrency has many benefits, privacy focused features are fairly open to abuse by groups with nefarious causes. Without any regulation or oversight, creative ways to prevent harmful organizations from being funded may be necessary.

    Permalink to story.

     
  2. Uncle Al

    Uncle Al TS Evangelist Posts: 5,527   +3,911

    LOL ..... I hate to say it, but our government as become experts at shooting ourselves in the foot. You know, if they would actually promote the idea of everybody having a gun, people might just loose interest in them all together ..... naaaaaaaa
     
    Reehahs and OutlawCecil like this.
  3. mbrowne5061

    mbrowne5061 TS Evangelist Posts: 1,239   +692

    You also just know that if whomever made that decision went 'naw, bad idea. Let them have credit cards, it'll reduce crypto donations', someone, somewhere, who has no idea what they are talking about, would be ranting on about how they shouldn't be allowed to use our banks and credit system to fund themselves.
     
  4. This sounds like it was written by a group with a nefarious cause IMHO
    "No matter your opinion on what should happen to WikiLeaks, the issue of funding potentially harmful groups is now more difficult than ever before. Even though cryptocurrency has many benefits, privacy focused features are fairly open to abuse by groups with nefarious causes. Without any regulation or oversight, creative ways to prevent harmful organizations from being funded may be necessary."
     
  5. Skjorn

    Skjorn TS Maniac Posts: 375   +216

    Where tf did the gun talk come from? Got something else on your mind?
     
  6. Trillionsin

    Trillionsin TS Evangelist Posts: 1,824   +427

    Government officials are still living in the days of analog. They don't get all this "digital tech" stuff. lol
     
  7. atheist

    atheist TS Rookie

    What about the funding of potentially beneficial groups like WikiLeaks?
     
    Atomic Nixon likes this.
  8. NightAntilli

    NightAntilli TS Maniac Posts: 305   +226

    "No matter your opinion on what should happen to WikiLeaks, the issue of funding potentially harmful groups is now more difficult than ever before. Even though cryptocurrency has many benefits, privacy focused features are fairly open to abuse by groups with nefarious causes. Without any regulation or oversight, creative ways to prevent harmful organizations from being funded may be necessary."

    Kind of funny to say when the US government funded among others Al Qaeda and ISIS in the past, but whatever.
     
    Atomic Nixon likes this.
  9. Skjorn

    Skjorn TS Maniac Posts: 375   +216

    Remember Operation Fast and Furious LMFAOOO
     
  10. Detrie

    Detrie TS Rookie

    Indeed, and politicians can't make informed, logical decisions on anything technology. Most have problems handling their email.
     

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