How dangerous could that be? By DailyCoin

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MAGACOIN, Crypto and the far right: how dangerous can it be? Cryptocurrency suffers from a “shady” reputation, and the far right is not helping. Government institutions monitor the use of cryptocurrency for terrorist purposes. Therefore, white supremacists add more to a messy heap.

White Aryan Resistance developed a public access television program on which they interviewed radical white supremacist extremists. Others have propagated their ideologies and conspiracies on a localized level through in-person rallies. In the digital age, it seems the far right is not shying away from crypto. Indeed, crypto has become another platform for white supremacists to spread their propaganda.

MAGACOIN objective

“Why do the right-wing bastards always stand side by side in solidarity while the liberals argue with each other?” Yevgeny Yevtushenko said in his famous quote.

This quote seems to say a lot when you see far-right groups rallying to support MAGACOIN after Donald Trump’s failure in the 2020 presidential election.

Initially, MAGACOIN was created with the ultimate goal of “communicating” strong support to the previous President, Donald Trump, following his defeat in the political race.

What a wonderful paradox considering that Trump himself does not believe in cryptocurrency. He even said that it seemed like a scam and that the cryptocurrency is volatile in nature with conflicting values.

In addition

MAGACOIN has created 75 million pieces in total. This coin is believed to be different from other cryptocurrencies available because it does not contain an ICO. Instead, he gives 100 species to each new registrant to build a MAGACOIN ecosystem.

Thus, the coin carries considerable weight on its shoulders with high expectations as it has serious competitors related to the Make America Great Again movement.

According to its website, 10 million MAGACOINS have been donated to the MAGACOIN Victory Fund and a SuperPAC to help MAGA candidates across the country who will fight for individual rights, religious freedom, protection of the unborn child, the 2nd Amendment, freedom of speech and the whole America First program.

Is the far right adding to the “dubious” crypto reputation?

it looks like it! Information provided by the Guardian, a self-proclaimed hacktivist, revealed the secrets of MAGA cryptocurrency. MAGA founders say it is being done “by America First conservatives out of frustration of” losing the election “and a desire to retaliate by supporting MAGA candidates.” Maybe MAGACOIN will be diverted to funding their future campaigns and races?

Additionally, some users may have taken advantage of the Cryptocurrency Ambassador Program, in which promoters offer 1,000 free MAGAZINES to select radio hosts, media figures, bloggers, and other popular groups who sign up to help promote the motto to their audience.

Even though MAGACOIN is not available on trusted platforms like CoinMarketCap, Binance and others, it has attracted over 1,000 people with sentimental approaches.

Are the far-right wingers themselves in the hands of untrustworthy people?

Despite MAGACOIN’s popularity and massive registrations, its users are at risk of a data breach. It has been found that the MAGACOIN site discovers user data, including login credentials, among others.

This is a stern warning to users, especially when hackers can take their money because their accounts are not protected. A hacker could breach the security of the website, exposing email addresses, passwords, cryptocurrency wallet addresses, and internet protocol addresses of MAGACOIN users.

As MAGACOIN is a truly new blockchain, users should take extra care if they are considering becoming MAGACOIN traders.

White supremacists are eager to support projects that espouse their ideologies and plots, and often blindly jump at every opportunity without assessing the risks.

On the reverse

Looks like the far right is exaggerating. First TrumpCoin, now MAGACOIN? Even though white supremacists are creative in using cryptography for their purposes, the development team is still “educated enough” to make stupid mistakes. Joining a “shady” crypto exchange is not the way to spread an ideology, even if you want to support the far right.

The roots of the problem

To understand why the new wave of white nationalism is new, and why so many fall into the ‘unreliable’ traps, it is necessary to investigate the original far-right fundraising methods and tactics to disseminate ideology …

In the past, extremists and right-wing groups have found various creative ways to raise funds for their operations. This includes collecting membership fees and, more importantly, collecting large donations from wealthy and sympathetic fundraisers without complicated efforts.

Due to the tech world, the far right has managed to mine and rely on cryptocurrencies to grow and recruit. Typically this means shifting the focus to cryptocurrencies like Bitcoin which means this is the best / new public-facing digital donation option for white supremacists.

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