Coinbase’s sponsorship of Trump’s parade sparks debate over crypto’s anti-establishment roots
The post Coinbase’s sponsorship of Trump’s parade sparks debate over crypto’s anti-establishment roots appeared on BitcoinEthereumNews.com. Coinbase’s sponsorship of the military parade in Washington, D.C., on June 14 has sparked a debate about whether crypto has lost sight of its original ethos. The parade, which was held to commemorate the U.S. Army’s 250th birthday, took place amid the country-wide ‘No Kings’ protests. The protestors voiced their opposition to President Donald Trump’s immigration policy and mass deportations, calling the parade, which coincided with Trump’s 79th birthday, the behavior of a dictator. Coinbase, the largest crypto exchange in the U.S. and the third-largest in the world, joined tech giants like Amazon in sponsoring the military parade, which drew a meager and largely quiet crowd. The parade had a total of 22 corporate sponsors, among which was Palantir, the big data analytics firm tasked with compiling data on Americans across federal agencies using an artificial intelligence (AI)-powered system. Coinbase, which had previously donated $1 million for Trump’s inauguration in January, also received a shoutout from the event MC towards the end of the parade. Coinbase’s sponsorship, which was construed as support and endorsement for the heavily criticized event, has sparked a debate among the crypto community: Has crypto lost touch with its anti-establishment roots? How crypto might be straying from its original ethos When Satoshi Nakamoto mined the first Bitcoin (BTC) in January 2009, he left a message in the Genesis block. The message pointed to an article by The Times on how the U.K. was planning to bail out banks in the aftermath of the 2008 economic collapse. Therefore, Nakamoto’s invention of Bitcoin, which essentially gave birth to the crypto industry, was a form of protest. With Bitcoin, Nakamoto offered an alternative to traditional currency controlled by central banks and governments that constantly put the burden of bailing out companies on citizens. Bitcoin was designed to bypass governments…
The post Coinbase’s sponsorship of Trump’s parade sparks debate over crypto’s anti-establishment roots appeared on BitcoinEthereumNews.com.
Coinbase’s sponsorship of the military parade in Washington, D.C., on June 14 has sparked a debate about whether crypto has lost sight of its original ethos. The parade, which was held to commemorate the U.S. Army’s 250th birthday, took place amid the country-wide ‘No Kings’ protests. The protestors voiced their opposition to President Donald Trump’s immigration policy and mass deportations, calling the parade, which coincided with Trump’s 79th birthday, the behavior of a dictator. Coinbase, the largest crypto exchange in the U.S. and the third-largest in the world, joined tech giants like Amazon in sponsoring the military parade, which drew a meager and largely quiet crowd. The parade had a total of 22 corporate sponsors, among which was Palantir, the big data analytics firm tasked with compiling data on Americans across federal agencies using an artificial intelligence (AI)-powered system. Coinbase, which had previously donated $1 million for Trump’s inauguration in January, also received a shoutout from the event MC towards the end of the parade. Coinbase’s sponsorship, which was construed as support and endorsement for the heavily criticized event, has sparked a debate among the crypto community: Has crypto lost touch with its anti-establishment roots? How crypto might be straying from its original ethos When Satoshi Nakamoto mined the first Bitcoin (BTC) in January 2009, he left a message in the Genesis block. The message pointed to an article by The Times on how the U.K. was planning to bail out banks in the aftermath of the 2008 economic collapse. Therefore, Nakamoto’s invention of Bitcoin, which essentially gave birth to the crypto industry, was a form of protest. With Bitcoin, Nakamoto offered an alternative to traditional currency controlled by central banks and governments that constantly put the burden of bailing out companies on citizens. Bitcoin was designed to bypass governments…
What's Your Reaction?
