Cryptocurrencies are digital blood diamonds, driverless cars are digital munitions

For many years now I’ve been telling people cryptocurrency is a modern form of blood diamonds.

One of the important lessons from Nazi Germany and its derivative regimes like the South African apartheid government (e.g. two countries where Peter Thiel is from) is that money laundering can be a powerful means of evading global sanctions against rights violations (e.g. how Peter Thiel made his fortunes at PayPal).

It therefore should be obvious from history lessons that cryptocurrency serves a well-known anti-humanitarian pattern. Or maybe it’s easier to see the problem as popularized in “fascist pig” movies and books.

He has vices. He doesn’t have any real virtues. If you think James Bond is a fascist pig then Fleming seems largely on your side.

A very long time ago a bank that ran a large regional power company (common in America) called me to consult on security as ethics. Their risk team asked me if they should approve a plan for excess power generation during idle production to be poured into an on-site Bitcoin mining operation.

My answer was a simple question: “Do you really want to fund ICBM development in North Korea?” I guess I could have asked if they wanted to generate more fascist pigs.

The bank seemed genuinely surprised, which reminded me of the Sierra Leone lyric

I thought my Jesus piece was so harmless
’til I seen a picture of a shorty armless

They asked a few questions, thanked me for explaining international history, and said they had to reject the plan.

Fast forward to today and more and more proof of the problem finally is reaching the news.

North Korea Used Crypto to Hack Its Way Through the Pandemic. The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system.

To be fair blood diamonds for money laundering are just the start of the problem… the laundered money is used for laundered technology sold by Americans.

That’s why I often remind people the American NRA played an essential role in South Africa by importing guns to prop up the illegal white police state in direct violation of international sanctions.

Now who is the digital NRA?

So maybe think of crypto even more as digital blood diamonds to buy digital arms, such as access to algorithms in a Tesla to kill people by weaponizing cars.

As I’ve said in my presentations for at least a decade, it’s far easier these days to direct 40,000 loitering “driverless” vehicles (really munitions) to destroy a city than to launch missiles from far away.

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