‘You are wrong about this’: Trump angered a social network popular with the far-right with his attack on bitcoin


three:29 am PDT, Friday, July 12, 2019

Donald TrumpAP/Evan Vucci

  • US President Donald Trump tweeted on Thursday that he is not a fan of bitcoin and different cryptocurrencies, and needs to manage them.
  • This angered Gab, a social media web site popular with the far-right, partly due to its relaxed strategy to hate-speech on its platform.
  • Gab mentioned “Bitcoin is free speech cash,” and accused Jared Kushner of being behind Trump’s tweet.
  • Go to Enterprise Insider’s homepage for extra tales.

Social media platform Gab, which is popular with the far-right, has come after Donald Trump over his stance on cryptocurrency.

Trump tweeted on Thursday that cryptocurrencies (together with Fb’s upcoming digital foreign money Libra) are “not cash” and ought to be regulated like conventional banks.

The tweet adopted a social media summit at the White Home, the place the president Trump renewed his accusations of conservative censorship in opposition to Fb and Twitter.

Though he did not point out his stance on cryptocurrency at the summit, Trump appeared to foreshadow the attack, saying he was planning a “essential assertion.”

Learn extra: Trump blasts Bitcoin and says cryptocurrencies, together with Fb’s Libra, ought to be ‘topic to all banking rules’

Social media web site Gab was fast to voice its discontent. “You are wrong about this. Bitcoin is free speech cash,” it tweeted. Cryptocurrencies like bitcoin are popular in libertarian circles as a result of they is constructed on a decentralized system, needing no banks or intermediaries to finish transactions.

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It additionally posited that Trump’s son-in-law Jared Kushner was behind the tweet. “Jared, give the cellphone again to Donald,” Gab tweeted.

Gab payments itself as a free-speech platform, and as a substitute for Fb and Twitter the place it believes customers are censored. It grew to become infamous after it emerged that the Pittsburgh synagogue shooter, who killed 11 folks and injured six in October final 12 months, was a frequent poster of anti-Semitic content material. Following the capturing Gab was quickly shut down after web-hosting firm GoDaddy lower ties with the web site over its failure to police hate-speech.

Gab additionally criticized Trump in a assertion for populating his social media summit with “protected’ z-list MAGA celebrities and cheerleaders.” Gab itself was not invited to the summit.

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