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> Ethereum has made a handful of white men unfathomably rich, pumped pollutants into the air, and emerged as a vehicle for tax evasion, money laundering, and mind-boggling scams

Expected nothing less from Time...



It's nice to see truth in journalism every once in awhile


Everyone has their truth, they should try reporting facts instead of race-baiting for clicks.


This is a fact though isn't it? I am anti-crypto for several reasons but even the blind can see that there isn't much diversity in the space.


No it's a race-baiting vague assertion with no statistic, study, or source of any kind attached to it.


In hindi there is a saying "प्रत्यक्ष को प्रमाण की आवश्यकता नहीं होती|" ((bad) translation: The apparent does not require proof"). Look at any of the major figures in crypto, I don't see many "non white guy" people in there. Come on man, not everything requires us to do a study.


In journalism there is a saying, source your claims.

You don't need a study, but you need some sort of base to the claim.

Your anecdote tells us nothing, I know many non-whites who got rich from crypto.

Not everything requires a study, but when writing an article you should back your click/race-bait claims up with facts if you just HAVE to put them in there. Maybe just leave it out since it wasn't relevant.


I'm sorry but I don't think people need to cite sources in every sentence for every word. You are not going to ask them to cite the dictionary for each word, would you? So there is a balance, and I think we are just conflicted on where the balance should land. I think this problem is pretty apparent and you don't. What I can't figure out is are you just rules lawyering at this point or do you actually believe its not a problem.


> I'm sorry but I don't think people need to cite sources in every sentence for every word.

Journalists should cite every claim they make, even if it's tacked on and only a sentence long. Especially if it's a bold race-baiting one.

> What I can't figure out is are you just rules lawyering at this point or do you actually believe its not a problem.

It's a baseless racist assertion that can be taken out without detracting from the article.

MSM loves to race bait. Race relations are rough enough, it's irresponsible.

But when you call them out "oh they don't need to source every sentence". Ok.

> You are not going to ask them to cite the dictionary for each word, would you?

A word is not a claim, that is ridiculous. Noone is disputing the word "white" they are disputing that bitcoin only made a handful of whites richer.


Honestly I don't get it, why something like this is allowed to say. Sounds kind of spreading hate. Especially, I would bet the statement is false.


Which part is false?


Wrong way, which part supported the claim it was true?

GP can't prove a negative. It's on the journalist to source their assertions.


I agree it's on the journalist -- just wondering which statement is most suspected to be untrue.


We don't know the skin colors of all the crypto enthusiasts that got in early.

I personally know a few dozen people who used it in Brazil, Portugal, Japan, and India early on.

I'd say I know more non-whites than whites who used it.

That's just an anecdote, but it's more information than the racist journalist had.


Why is a modern news publication making such remark when we vilify the same thing when directed at any other group of people?


Is it wrong?


Sorry are you suggesting that we should all in general say anything race related so long as we don’t think it’s wrong? Or just against whites?


As I've opined elsewhere in this thread, it's not so much about race in and of itself, as it is the same old story about rich white men getting richer despite people insisting "this time it's going to be different" about the benefits of crypto to society. It's important to read between the lines.


[flagged]


Even if you’ve made millions gambling on cryptocurrency, you are likely not among the “unfathomably rich” group mentioned here. And if you look at the crypto-wealth-to-owner-race data we know so far, it should become quite clear that white men hold the vast majority of the overall stake. So, same old story, even though (to many promoters) crypto was going to make the world a better, fairer, less corrupt, and more egalitarian place.

Have some, or even many, non-whites like yourself earned some wealth resulting from crypto gambling? Sure. But that’s not the point they’re making.


>Non whites like you couldn't possibly be interested in cool technology early on

did you just call me a non-white? it almost sounds derogatory in the context of your post. I guess since I'm just a "Non-white", my only interaction with crypto could have been through a lens of gambling, since I'm so unsophisticated and weak in comparison to white people (in your apparent belief).

Seriously, look at the tone of your posts, jfc. All of you morally superior self hating whites are the same, at work, on this shitty website, and in SV tech in general. At the very basal level, you actually look down on non whites, you think we're uncapable in comparison. The only respite I get from your type of racism is on places like 4chan, ironically, the most racist place on the internet. But at least there's some fucking moral clarity there

very nice of you to assume it was crypto gambling, rather than an academic interest in cryptography. I'm a crypto punk, through and through, in the classical "I used to go on sketchy IRCs as a kid" sense. I was telling people at college parties to buy bitcoin because I was a CS student, a long fucking time ago.

And crypto isn't about some unclear moral platitude that you have about some "egalitarian" paradise. It's about telling the government to go fuck themselves and having the freedom to do whatever the fuck I want to, without anyone knowing. Cryptocurrency was about buying adderall on the darknet, not "helping disadvantaged non-whites"

finally, the people who's faces are on the list of "crypto rich" are the people who failed. The real crypto rich people aren't known by anyone, because they know what they're doing


First, you're quoting a statement I did not make. Please do not falsely quote people.

Second, you identified your race, not me ("Pretty insulting to a non white person..."). And you're ascribing feelings to me that I do not possess, nor that have I expressed or intended to imply. I'm sorry you think that way, but it's simply not true. I truly believe that technical acumen is something within the reach of all races and that no race is superior. It is the financial means to leverage wealth into even more wealth that is unevenly distributed, and that distribution greatly favors white men. That's just an incontrovertible fact.

Everyone investing in crypto is gambling, regardless of race. So if you're going to be insulted by that, know that it's not a race thing; everyone can be equally insulted by that if they so choose.


fair enough, I think I projected a bit of my distaste for all of the anti-white sentiment onto you. Sorry!


Its always trendy to throw shade at white people.




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