Anarcho-Capitalist NEWS: WikiLeaks Bypasses Financial Blockade With Bitcoin

This is big for both Wikileaks and Bitcoin.

Jan Matonis writes:

Following a massive release of secret U.S. diplomatic cables in November 2010, donations to WikiLeaks were blocked by Bank of America, VISA, MasterCard, PayPal and Western Union on December 7th, 2010. Although private companies certainly have a right to select which transactions to process or not, the political environment produced less than a fair and objective decision. It was coordinated pressure exerted in a politicized climate by the U.S. government and it won’t be the last time that we see this type of pressure.
Fortunately, there is way around this and other financial blockades with a global payment method immune to political pressure and monetary censorship.
On its public bitcoin address, Wikileaks has taken in over $32,000 equivalent in more than 1,100 separate bitcoin donations throughout the blockade (1BTC = $10.00). But these amounts may be significantly higher, because it does not even include the individually-generated bitcoin addresses that WikiLeaks provides for donors upon request.

The ultimate success of bitcoin will depend on the number of people and organizations that use it as a way to operate against interventionist and snooping government. The more government puts pressure on financial transactions by monitoring and controlling transactions, the more it will drive people to use bitcoin.

http://www.economicpolicyjournal.com/2012/08/fascinating-wikileaks-bypasses.html

Anarcho-Capitalist NEWS: WikiLeaks Bypasses Financial Blockade With Bitcoin

Anarcho-Capitalist NEWS: WikiLeaks Bypasses Financial Blockade With Bitcoin

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