By CCN: Bitcoin evangelists’ silence in the face of Coinbase banning gay Jewish conservative activist Milo Yiannopoulos is deafening. Their refusal to condemn the ban undercuts the myth of crypto as a foil to traditional banking institutions.
If anything, bitcoin bros’ collective silence suggests that the crypto community is little more than a cheap knockoff of the corrupt financial establishment they brag they’re rebelling against.
Bitcoin Exchange Coinbase banned Milo Yiannopoulos in three minutes
On May 3, Milo said he was banned within three minutes of trying to open an account on Coinbase, the largest cryptocurrency exchange in the United States. No reason was given.
Moreover, Coinbase has yet to return CCN’s emails and calls for comment on this story.
Obviously, Coinbase is a business, and it has the right to ban whomever it wants. But a leading crypto exchange banning a man simply for his political beliefs has shades of tech totalitarianism.
Coinbase ban follows Chase Bank’s purge of conservatives
Yiannopoulos is a controversial British media personality who was a former editor at Breitbart. He has been branded a “far-right extremist” by the left-wing media for condemning political correctness.
To be clear, many people find Milo obnoxious and offensive, including this writer. But to deplatform a non-violent individual simply for his political beliefs is laughable — and tragic.
Coinbase’s ban of Yiannopoulos mirrors a similar draconian censorship being promulgated by Chase Bank.
In February 2019, Chase suspended the account of Iraq War veteran Joe Biggs without notice or explanation. His apparent crime was that he’s a vocal Trump supporter.
“After about hour and a half on the phone, I wasn’t able to talk to anybody and get a clear reason as to why they closed my account,” Biggs told One America News correspondent