by John Young
In the past three articles of this four part series, we covered alternative DNS servers, VPNs and alternative web browsers. Now I want to look at the financial angle. Specifically, I want to look at cryptocurrency. I have already written about crypto-currencies in general, and why you should not use them as investment vehicles here. If you haven’t already read that article, you should go back and read it.
But in spite of the fact it is risky for investing, it has a great deal of value for protecting your privacy for transactions.
The financial sector has declared outright war on us. Whether it is Chase bank refusing to allow people to use their cards to legally buy firearms, or credit card processors shutting down anything even vaguely pro-white, there is an absolutely clear pattern that evinces a design to make it almost impossible for us to transact business using normal means. Furthermore, using such means of payment quite clearly identifies the user. Although pro-European American entities typically do nothing immoral, illegal or fattening, when you realize that the very people processing the cards have an animus against us, it doesn’t make a lot of sense to give them such information.
This is where cryptocurrency comes to the fore.
A cryptocurrency account is called a “wallet.” To start a cryptocurrency wallet, you don’t need anyone’s permission and you don’t need to provide ID. There are numerous applications for allowing you to keep wallets of various sorts on a variety of devices. Although there are practical considerations, there is no limit to the number of wallets you can possess. To receive crypto, give your recipient address to the sender. To send crypto, you send to the wallet address desired.
Where identification enters the equation is via exchanges. Typical exchanges, such as Coinbase, will require photo identification, linkage to a verified bank account and so forth so that they know precisely who you are. This only impacts your privacy for the wallet accounts created on that service, though. So such wallets ought not be used directly. Since the wallet addresses of numerous right-wing organizations and people are widely known, exchanges will often disable your account if you send or receive funds from those accounts. So instead, send from your exchange wallets to a second wallet, and use the second one for sending or receiving funds.
This works fine for donations to dissident podcasters and such. But especially when using bitcoin, ether, litecoin and their variants, you can still be tracked with a dedicated effort. To break that chain, you have to convert to a privacy-oriented cryptocurrency via a currency converter such as changelly.com or shapeshift.io. Here at European Americans United, we only accept Monero (XMR), which is a privacy-oriented currency that you can’t buy for dollars on an exchange. Instead, you buy Ether or Litecoin on a regular exchange, use changelly to convert it to XMR in your separate XMR wallet, and then pay us via that wallet.
Using XMR, you can keep transactions completely secret, even in regard to who paid whom, and thereby retain your privacy.
So cryptocurrency in general gives better privacy than a credit card. Using an independent wallet that you fund from your exchange wallet gives even greater privacy, and converting those funds to Monero gives the greatest privacy of all.
A word of warning: cryptocurrencies are unstable, so don’t use these wallets as savings accounts unless you can afford to lose their value. Furthermore, take all precautions not to lose the passwords or creation keys because if you do, there is no getting them back.
Keep in mind that we are not dissidents for doing illegal things – we are literally dissidents for daring to tell the truth. This is very different from the very immoral things that some people do with crypto – so steer clear of degenerates, druggies and so forth.
This concludes the current series, and we hope you found it helpful!