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posted by martyb on Saturday January 12 2019, @07:21AM   Printer-friendly
from the It's-not-easy-being-white-supremacists dept.

Over at the CCN, Gab is having trouble even getting its bitcoin on.

The declaration by free speech social network Gab that the firm was still allowed on Square’s bitcoin-friendly Cash App after being banned on other platforms may have been premature.

This emerged after the social media platform that is occasionally referred to as “alt-right Twitter,” over its popularity with extremist right-wingers, disclosed that the personal Square Cash account of the firm’s founder and CEO, Andrew Torba, had been deactivated.

Things like this are just bad for business.

Earlier this month as CCN reported, Gab had posted a tweet that gave the impression that Square’s Cash App — which allows users to buy and sell bitcoin — had reactivated Gab’s access. According to Breaker magazine, Square might have unknowingly reactivated an account belonging to Gab but will continue to “pro-actively delete any new accounts that it learned were connected with Gab.”

[...] Besides Square, other platforms that have banned Gab in the recent past include cryptocurrency exchange Coinbase, online payment processing firm Stripe, bitcoin payment service provider BitPay and online payments system PayPal.

Currently, bitcoin, as well as money orders and checks sent to its post office address, are the only ways for Gab to process payments for its premium service, GabPro. On January 8, Gab announced that it had integrated with open-source crypto payment processor BTCPay Server.


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  • (Score: 1, Insightful) by Anonymous Coward on Saturday January 12 2019, @09:02AM (2 children)

    by Anonymous Coward on Saturday January 12 2019, @09:02AM (#785435)
    That also tells volumes about independence of cryptocurrencies from the state.
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  • (Score: 3, Insightful) by maxwell demon on Saturday January 12 2019, @11:54AM

    by maxwell demon (1608) on Saturday January 12 2019, @11:54AM (#785472) Journal

    Well, you don't really need to use Square's Cash App to transmit bitcoins. And of course as soon as you try to exchange bitcoins for state-issued money, the state gets involved.

    As long as as you stay in bitcoin, all you need is the ability of connecting to the bitcoin network. Of course in principle that part could also be regulated by the state (through specific blocking at the ISP level).

    --
    The Tao of math: The numbers you can count are not the real numbers.
  • (Score: 0) by Anonymous Coward on Sunday January 13 2019, @06:08PM

    by Anonymous Coward on Sunday January 13 2019, @06:08PM (#785951)

    it tells shit all about that, you lazy minded jackass. it says that these dumb fuckers should have used square.