The Value of Uncensorable Technology in an Age of Censorship

Op-Ed

Governments and corporations have deployed censorship to limit speech and deprive people of vital communication channels. The ruling elite are trying to shush activists and freethinkers, but they are losing control and lashing out in frustration. This is why the emergence of decentralized tools and uncensorable money is more vital than ever.

Also read: Bitcoin After Death: The Perils of Sharing One’s Fortune

Corporate Censorship and the Loss of Control

Facebook recently engaged in a massive campaign to purge a plethora of freedom-oriented pages from their platform. They removed pages such as The Anti-Media, Free Thought Project, V is for Voluntary, and Rachel Blevins. The move came after Facebook, Twitter, and Youtube joined forces to eject Alex Jones from their respective applications back in August.

The social media titans have become zealous in their mission to purge their platforms of anti-government messages and to stifle liberty. Twitter is now known as a company that embraces censorship, and Youtube has routinely demonetized pages that disseminate information that goes against their milquetoast company ethos.

It is unsurprising, though, that these social media giants have taken this route. They are centralized social media companies in an age of decentralization; they are outdated and ready to be displaced by scrappy upstarts.

People are also waking up to the depredations of government and corporate cronyism. They are beginning to acknowledge the broken nature of partisan politics. This mass enlightenment has led to an explosion of tools and technologies with the goal of subverting the system.

Emergent Uncensorable Technologies

Developers and entrepreneurs are fashioning tools with the purpose of freeing people and opening new information channels. They are also allowing value to be expressed in peer-to-peer ways that cannot be intercepted by State agents. There are several major technologies blossoming, but the most significant is uncensorable cryptocurrency.

Cryptocurrency, especially bitcoin cash, allows for the transmission of value in an uncensorable fashion. This means anarchists can fund their projects without having to worry about their money getting frozen, seized, or stolen. Having uncensorable money like BCH is indispensable for helping activists achieve their goals. If they had to rely on the traditional methods of receiving donations and funding their projects, the Visa and Mastercard networks could shutter their pipeline at anytime at the behest of the government. There are other options for uncensorable money as well, including nonero, horizen, and others. These monetary technologies aren’t social media platforms per se, but money is a form of communication and having uncensorable money is indispensable to thwarting censorship.

Along with bitcoin cash, uncensorable social media and messaging platforms have arisen. In Jamie Redman’s article Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here, he mentions several applications that have actually been built on Bitcoin Cash, including Memo.cash, which is a decentralized version of Twitter. Platforms like Steemit have also emerged over the last couple of years. Steemit is a blogging platform that allows people to post content without having to worry about a centralized authority deleting their content. Users can earn cryptocurrency rewards for their posts, rather than having all the value they create siphoned by the platform and its founders. Other nascent decentralized media tools include Minds and Bittube.

The Decentralized Revolution is Currently a Bad User Experience

The problem with many of these decentralized social media technologies is they are still in their infancy. They are fresh out of the womb. This means they lack easy adoption. Their usability is limited and requires a degree of technological acumen. Their user interfaces are underdeveloped and sometimes suffer from technical problems. This makes the user experience suffer, causing people to leave the platforms.

The other problem is that the platforms have not experienced viral adoption as a result of the aforesaid issues. Established platforms such as Facebook and Youtube have an entrenched user base, many of whom have taken years to establish themselves. This means a system that is both user-friendly and prone to rapid growth will have to emerge in order to supplant these old applications.

The Technological Spring: The System Will Topple and Censorship Will be Mitigated

Nonetheless, these problems are mere technical issues that will be solved in time. These technologies will eventually prosper. The decline of the legacy systems is well underway; it is inevitable.

The maniacal drive to control people and contain their voice has led to the technological springtime we are now on the verge of witnessing.

New tools and technologies have cropped up not only to make human life more leisurely and simpler — they have emerged as a way to decentralize power. Iconoclasts and developers are building applications for philosophical purposes, to mitigate the effect of power on the rest of humanity. Their goal is to diminish the impact of violent hierarchies and to even the playing field.

In the long term, this will cause power structures to topple under the weight of truth. Decentralized technologies will erode the ability of centralized institutions to censor freethinkers who pontificate on liberty and anarchy. Without censorship to indoctrinate the masses, the system will begin to unravel and the power elite will no longer be able to run roughshod over the people. Humanity will then be able to move forward into the future with dignity and decency.

This is the value of uncensorable technology.

Do you think uncensorable social media platforms will gain traction? Let us know in the comments section below.


Images courtesy of Shutterstock.


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

Undercover Agents go on LocalBitcoin and Arrest Investors: Roger Ver

Roger Ver, the proponent of Bitcoin Cash and who is affectionately known as ‘Bitcoin Jesus’ made a startling revelation to news portal, Coin Telegraph, along the sidelines of Delta Blockchain Summit held in Malta earlier this month.

Talking about bitcoin core, he said, “There was absolutely no doubt in my mind that people were going to start using it as money. And like anything, the price is set by supply and demand. Because the supply of Bitcoin was limited, as more and more people demanded to start using it as money, the price would have to go up and go up a lot.”

Until November 2017, he was hailed as ‘Bitcoin Jesus’ following which he changed tacks and started proclaiming that “Bitcoin Cash was the real bitcoin” with “bigger market cap, trade volume and user base in the future.”

Asked about his views on bitcoin core, he reiterated the same points, that he has been pontificating on, in the past one year. He said, “If you look at it objectively, Bitcoin Cash is the same version of Bitcoin described in the Bitcoin white paper. It is the same version of Bitcoin that I got involved with in 2011 and started investing in. I am investing in that because it is the exact same version of Bitcoin that I have been involved in for almost eight years, full time.”

He also added that New York doesn’t seem to be a place that tends to accept cryptocurrencies or very friendly towards blockchain and cryptocurrency ecosystems in general. This opinion, comes as bit of a shock especially since, the Securities and Exchange Commission (SEC) has been taking steps to bring about regulations for cryptocurrencies.

Upon, being asked if the United States of America has a fair regulatory framework in this space Ver said, “No, it’s not fair. [The government officials] literally have secret undercover government agents going on LocalBitcoins, trying to buy Bitcoins from people. And when they sell them the Bitcoins, they arrest the people and toss them in jail for years. This is madness! And this needs to [be] stopped. t is madness [that is] happening in the U.S.!”

The last statement does seem a little incredulous, because so far there has not been any news report about investors being locked up for holding or trading in the United States of America. However, Ver did not cite any particular case.

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 15

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Stable coin Tether is being cited as one of the main reasons for the spurt in crypto prices that pushed total market capitalization above $221 billion on Monday (UTC time), but it was not a new issuance of Tether that was the catalyst for upward market movement.

There was news circulating about Tether (USDT) being delisted from various exchanges. This led investors to dump USDT, which lost its peg to the dollar and fell to as low as 85 cents, before recovering part of its earlier losses.

Anxious investors converted their USDT to other cryptocurrencies that led to a sharp rally. Additionally, the surge in prices would have triggered stop losses on the short positions, adding fuel to the rally.

It will be interesting to watch whether cryptocurrencies hold on to higher prices or give up recent gains in the next few days. Let’s watch the critical levels that will indicate a trend change.

BTC/USD

Bitcoin skyrocketed to $7,550 intraday, but the bulls are struggling to hold the gains. This shows liquidation by traders who are stuck at higher levels.

If the bulls close (UTC time frame) above $6,850 levels, it will be a positive sign and will invalidate the bearish descending triangle pattern. $7,413–$7,600 might act as minor resistance, above which, the rally can extend to $8,400.

The next couple of days will confirm whether the breakout is genuine or a sucker’s rally. For now, traders can continue to hold their long positions with the stop loss at $5,900.

If the bears turn around and break below the support zone of $6,075.04– $5,900, the BTC/USD pair will become extremely negative and can nosedive to the $5,450 and $5,000 levels.

ETH/USD

Ethereum is stuck inside the $192.5–$249.93 range. Today’s rally came close to the overhead resistance but could not break out.

A breakout and close (UTC time frame) above $250 can attract buying, pushing prices to the next resistance zone of $300–$322.57. If the bulls scale this zone, a new uptrend is likely.

The ETH/USD pair will resume the downtrend if it breaks below $167.32. We do not find a buy setup at current levels.

XRP/USD

Ripple is attempting to pull back after taking support at the 78.6 percent retracement level in the recent rally.

Today, the pullback faced resistance at the 20-day EMA, which has started to slope down. Currently, the price is close to the $0.4255 level.

The XRP/USD pair will become negative if it breaks below the $0.37 level. Such a move might retrace the complete rally, plummeting prices back to $0.26913. Traders should wait for a reliable buy setup to form before initiating any trade.

BCH/USD

Bitcoin Cash held the support line of the symmetrical triangle for the past four days and launched itself higher today, reaching close to the resistance line, where sellers emerged.

Though a symmetrical triangle is a continuation pattern, sometimes it acts as a reversal pattern. A breakout and close (UTC time frame) above the symmetrical triangle will signal a change in trend that can result in a rally to $660 and $880. Therefore, traders who are holding their long positions can keep their stops at $400.

Any break of the triangle and a move below $400 will be a negative development that can drag the BCH/USD pair to $300 or lower.

EOS/USD

EOS has held the $5 level for the past four days. Today’s rally stalled just above $6. The key level on the upside is $6.829, above which we can expect a new uptrend to begin.

A break of $5 can result in a drop to the support zone of $4.4930–$3.8723. Therefore, traders can keep a stop of $4.90 on their long positions.

Above $6.8299, the EOS/USD pair can climb to $9 and higher. Until the breakout, volatile trading inside the range will continue.

XLM/USD

The rally in Stellar broke out of the overhead resistance of $0.24987525 and the downtrend line of the descending triangle. However, the bulls are finding it difficult to sustain the higher levels. Currently, the price is back below the downtrend line and the overhead resistance of $0.24987525.

Traders can watch the $0.27 level on the upside. If the XLM/USD pair closes (UTC time frame) above this level, it will invalidate the bearish pattern, which is a bullish sign.

If the price remains below the $0.25 level, we might expect the range bound action to continue. The bearish pattern will complete on a breakdown of $0.184. Any long positions should be closed if the bears break and close below $0.165.

LTC/USD

Litecoin continues to trade inside the $69.279–$49.466 range. The bulls have successfully defended the bottom of the range for the third time. This becomes a critical level to watch on the downside, as a break below this will resume the downtrend, plunging the digital currency to $40 or lower.

On the upside, the level to watch is $69.279. If the bulls close above this resistance, it will indicate the formation of a triple bottom pattern. Therefore, we suggest traders initiate long positions on a close (UTC time frame) above $70.

The rally can carry the LTC/USD pair to $94, which will act as major resistance. If this level is crossed, we can expect a new long-term uptrend to begin.

ADA/USD

Though Cardano traded below the $0.073531 level for the past four days, the bears could not cause any major damage.

Today, the  ADA/USD pair rallied sharply and came close to the overhead resistance of $0.094256 where sellers stepped in.

A breakout of $0.094256 can carry the digital currency to $0.111843, which is likely to act as a major resistance. On the downside, if the bulls maintain the price above $0.073531, the consolidation might continue a while longer. A break of the $0.0685 level will attract further selling and result in a retest of the critical support at $0.060105.

XMR/USD

Monero has held the psychological support of $100 for the past four days. Today, the digital currency rallied close to the overhead resistance at $128.65 where it faced selling as on previous occasions.

If the XMR/USD pair breaks out of $128.65, it is likely to reach the overhead resistance zone of $142.71–$150. A break of the $100 level can result in a drop to the lower support of $81.

If the prices sustain above $107.80, the digital currency might remain range bound for a few more days.

TRX/USD

TRON again broke out of the overhead resistance but failed to sustain higher levels. This shows profit booking and a lack of buying above the range.

The TRX/USD pair is back inside the $0.02815521–$0.0183 range. It will pick up momentum after it sustains above the range.

The traders can expect an up move to the $0.0415 level if the price closes (UTC time frame) above $0.02815521. If the bulls fail to achieve the breakout, the digital currency might extend its stay inside the range for a few more days.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.