Home / Blockchain / The preferred social network of Alt-Right The Gab plan to use the blockchain to make itself indestructible

The preferred social network of Alt-Right The Gab plan to use the blockchain to make itself indestructible

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There is no better example of power and terror, inspired by the blockchain of Gab.com, the social network Used from the accused gunslinger of the Pittsburgh synagogue to threatening the Jews.

About a month and a half before the alleged bandit faced such threats by opening fire in a Pittsburgh synagogue and killing 11 people, Gab filed papers with the US Securities and Exchange Commission to raise $ 10 million through a & # 39; initial offer of coins (ICO). The offer, dated September 18, 2018, has so far raised $ 5.6 million in capital for the "freedom of speech" social network, which is a favorite among white supremacists, neo-Nazis and other members of the 39; "alt-right."

The goal of Gab is to build an entire ecosystem out of the reach of centralized authorities, making it almost indestructible

After filming on Saturday, Gab was shut down by a series of mainstream services including Stripe and Paypal payment processors, the Web hosting company Joyent and the Go Daddy domain registry. But this may not matter, because Gab has already taken the first step towards liberation from dependence on traditional infrastructures and support mechanisms, thanks to its funding through the blockchain ethereum. Ultimately, Gab's goal is to build an entire ecosystem out of the reach of centralized authorities, be they Facebook, Twitter or venture capitalists, making it almost indestructible. On this, the tenth anniversary of the publication of Satoshi Nakamoto's whitepaper, which gave life to the bitcoin, Gab summarizes the darkest consequences of his vision.

The ICO of Gab is a vivid demonstration of the ability of the blockchain to allow people to collect money anonymously outside traditional funding. But Gab is also using even more powerful tools that could make centralized servers, domain managers and much of the internet infrastructure obsolete.

"Ultimately, what we are trying to achieve is to cut off the intermediary," said Gab's co-founder and CEO, Andrew Torba, on an episode of Bitcoin Uncensored last year. "I want to see the VC tremble, just collapse.

Had it not been for Andrew Torba's associations with the alt-right, its success in technology could be announced. Moosic, a Pennsylvania native who graduated from the University of Scranton in 2013, Torbas drew the attention of the famous Silicon Valley Y Combinator incubator after creating an automated advertising company called Kuhcoon, Inc. Torba received funds from the incubator as he graduated from the Y Combinator Winter Class in 2015.

Those dreams broke up when, after the 2016 presidential campaign, Torba, whose company had been renamed Automated Ads, was kicked out by Y Combinator's former student network for mocking members on Facebook. "I helped meme a president in the office, puppies," Torba flared, known to wear a green hat MAGA, admitting to spread the trump approvals on the internet during the months leading up to the presidential elections.

In August 2016, Torba launched Gab, citing the censorship of Facebook, Twitter and Reddit as examples of why he founded the social network without advertising. Its initial funding came exclusively from donations. Almost from the beginning, the membership in Gab has taken off like a rocket despite the fact that it was rejected by the Apple App Store and Google Play. In July 2017 Torba told the controversial Bitcoin Uncensored guest Chris Derose that Gab had 200,000 users. When Gab compiled the documents to use the blockchain ethereum to raise capital, the number of users had almost doubled to 394,000. In an updated SEC filing last month, that number had grown to 635,000 people. Reportedly, it now has about 800,000 users.

According to Torba, it was not just Google Play and Y Combinator who avoided it, but also the venture capitalists who "put him on the black list", preventing Gab from realizing his true potential and climbing even faster. So Torba looked for StartEngine, a crowdfunding website launched in 2014 that took advantage of the Obama Jobs Act's exemptions to help companies sell shares to small investors. In 2018, StartEngine launched a new ICO financing service, to which Torba has quickly joined.

Cameron Winklevoss and Tyler Winklevoss in Los Angeles, California, 2017.

Cameron Winklevoss and Tyler Winklevoss in Los Angeles, California, 2017.
JB Lacroix / WireImage

Starting in January, Gab offered 2 million tokens issued on the blockchain ethereum for $ 5 each. According to the most recent SEC documents, a fully subscribed offer would give investors a token of 12.5% ​​ownership in Gab while Torba and its co-founders would keep the rest. Based on the StartEngine website, Gab has sold tokens to 1,820 owners, with an investment of $ 5,630,502.64.

In terms of financial data, Gab's most recent documents show that they had gross revenue of $ 93,260 in 2017, primarily from premium subscription services that allow its members to monetize their audience. Despite donations of over $ 116,000, Gab continued to lose money at the end of 2017, according to his bid statement. Operating costs were declared to be $ 364.676, including $ 65,000 in salary for Torba.

While the world has learned about the social network as a place where extremists such as the killer synagogue could gather and exchange hate speech, the company, as described in the Securities and Exchange Commission documents, paints a very different picture.

The bid documents portray Gab as a supporter of freedom of speech and a defender of the "free flow of information", mirroring in many ways the rhetoric increasingly used by blockchain promoters to describe the democratic advantages of the new technology:

"We empower creators, support freedom of speech and defend the free flow of information online, we are ready to bring together people from all races, religions and religions who share the common ideals of Western values, individual freedom and free trade and flow of information Our mission is to provide people with the tools they need to create and shape their experience. "

What tools? GabTV, for example, allows members to create followers and earn revenue by streaming video programming on the Gab platform.

Perhaps in a veiled message to potential followers, the image engraved on the front of the company's bid offer is that of a green frog, similar to the meme of Pepe the Frog that was co-opted by the neo-Nazis and the # 39; altar. right.

Today Gab tokens are still on sale on StartEngine.

At the beginning of this week, while the FBI and the Justice Department investigated the shootings in Pittsburgh, Paypal, Stripe, Joyent and GoDaddy stopped the service at Gab. In a post on his website for the disabled, Torba states that the company is cooperating with the authorities "to do justice to an alleged terrorist".

Of course, Torba has not stopped shouting at the establishment. "No-platform us all you want Damn everything you want Spalami everything you want," he says in the Gab's homepage in response to the closure. "You can not stop an idea."

Torba could be right. There are blockchain alternatives to every single service that currently disables Gab. Paypal and Stripe may not want Gab to use their services, but Gab can easily accept payments directly using bitcoin, ethereum or criptovalute for privacy like zcash and monero.

And Gab can easily use other blockchain services if the main suppliers try to throw away the Internet by refusing to provide critical services. If Gab needs to replace GoDaddy for the domain service (in practice, as computers are mutually online), Ethereum Name Service provides domains for decentralized applications based on the blockchain ethereum. Web hosting? No problem. The Ethereum substrate provides a decentralized alternative to Joyent. Others have already opened the way to the idea. PeepEth is a nascent social network ethereum, and Mastadon is a blockchain-based Twitter.

If browsing all those blockchain alternatives seems daunting, Gab and other blacklisted entities could simply tap Blockstack, which is creating a whole set of Web services designed to create a non-censurable web. At the start of this year Blockstack, which is supported by Tyler and Cameron Winklevoss, has announced $ 1 million in specific grants for social networks that could one day offload Facebook and other centralized social networks. Already, one of 300 applicants for a grant, Afari, says it will give users control of their social network on their usage data by increasing privacy.

As we mark the. tenth anniversary of the birth of bitcoin, it may not be the corrupt bank and the totalitarian regimes imagined by Satoshi that we should fear more, but the dark corners of the internet and the dark minds that inhabit them.

Uncensored guest of Bitcoin Derose, who condemns the attacks on the synagogue but has been accused of racism, sexism and fanaticism, offers a stern warning:

"What happened with Gab is that people of a similar mind have put together their ideas and created something that is worse than a sum of their parts." Adds "We created the bogeys we fear and encouraged them".

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There is no better example of power and terror, inspired by the blockchain of Gab.com, the social network used by the suspected gunman of the Pittsburgh synagogue to threaten the Jews.

About a month and a half before the alleged bandit faced such threats by opening fire in a Pittsburgh synagogue and killing 11 people, Gab filed papers with the US Securities and Exchange Commission to raise $ 10 million through a & # 39; initial offer of coins (ICO). The offer, dated September 18, 2018, has so far raised $ 5.6 million in capital for the "freedom of speech" social network, which is a favorite among white supremacists, neo-Nazis and other members of the 39; "alt-right."

The goal of Gab is to build an entire ecosystem out of the reach of centralized authorities, making it almost indestructible

After filming on Saturday, Gab was shut down by a series of mainstream services including Stripe and Paypal payment processors, the Web hosting company Joyent and the Go Daddy domain registry. But this may not matter, because Gab has already taken the first step towards liberation from dependence on traditional infrastructures and support mechanisms, thanks to its funding through the blockchain ethereum. Ultimately, Gab's goal is to build an entire ecosystem out of the reach of centralized authorities, be they Facebook, Twitter or venture capitalists, making it almost indestructible. On this, the tenth anniversary of the publication of Satoshi Nakamoto's whitepaper, which gave life to the bitcoin, Gab summarizes the darkest consequences of his vision.

The ICO of Gab is a vivid demonstration of the ability of the blockchain to allow people to collect money anonymously outside traditional funding. But Gab is also using even more powerful tools that could make centralized servers, domain managers and much of the internet infrastructure obsolete.

"Ultimately, what we are trying to achieve is to cut off the intermediary," said Gab's co-founder and CEO, Andrew Torba, on an episode of Bitcoin Uncensored last year. "I want to see the VC tremble, just collapse.

Had it not been for Andrew Torba's associations with the alt-right, its success in technology could be announced. Moosic, a Pennsylvania native who graduated from the University of Scranton in 2013, Torbas drew the attention of the famous Silicon Valley Y Combinator incubator after creating an automated advertising company called Kuhcoon, Inc. Torba received funds from the incubator as he graduated from the Y Combinator Winter Class in 2015.

Those dreams broke up when, after the 2016 presidential campaign, Torba, whose company had been renamed Automated Ads, was kicked out by Y Combinator's former student network for mocking members on Facebook. "I helped meme a president in the office, puppies," Torba flared, known to wear a green hat MAGA, admitting to spread the trump approvals on the internet during the months leading up to the presidential elections.

In August 2016, Torba launched Gab, citing the censorship of Facebook, Twitter and Reddit as examples of why he founded the social network without advertising. Its initial funding came exclusively from donations. Almost from the beginning, the membership in Gab has taken off like a rocket despite the fact that it was rejected by the Apple App Store and Google Play. In July 2017 Torba told the controversial Bitcoin Uncensored guest Chris Derose that Gab had 200,000 users. When Gab compiled the documents to use the blockchain ethereum to raise capital, the number of users had almost doubled to 394,000. In an updated SEC filing last month, that number had grown to 635,000 people. Reportedly, it now has about 800,000 users.

According to Torba, it was not just Google Play and Y Combinator who avoided it, but also the venture capitalists who "put him on the black list", preventing Gab from realizing his true potential and climbing even faster. So Torba looked for StartEngine, a crowdfunding website launched in 2014 that took advantage of the Obama Jobs Act's exemptions to help companies sell shares to small investors. In 2018, StartEngine launched a new ICO financing service, to which Torba has quickly joined.

Cameron Winklevoss and Tyler Winklevoss in Los Angeles, California, 2017.

Cameron Winklevoss and Tyler Winklevoss in Los Angeles, California, 2017.
JB Lacroix / WireImage

Starting in January, Gab offered 2 million tokens issued on the blockchain ethereum for $ 5 each. According to the most recent SEC documents, a fully subscribed offer would give investors a token of 12.5% ​​ownership in Gab while Torba and its co-founders would keep the rest. Based on the StartEngine website, Gab has sold tokens to 1,820 owners, with an investment of $ 5,630,502.64.

In terms of financial data, Gab's most recent documents show that they had gross revenue of $ 93,260 in 2017, primarily from premium subscription services that allow its members to monetize their audience. Despite donations of over $ 116,000, Gab continued to lose money at the end of 2017, according to his bid statement. Operating costs were declared to be $ 364.676, including $ 65,000 in salary for Torba.

While the world has learned about the social network as a place where extremists such as the killer synagogue could gather and exchange hate speech, the company, as described in the Securities and Exchange Commission documents, paints a very different picture.

The bid documents portray Gab as a supporter of freedom of speech and a defender of the "free flow of information", mirroring in many ways the rhetoric increasingly used by blockchain promoters to describe the democratic advantages of the new technology:

"We empower creators, support freedom of speech and defend the free flow of information online, we are ready to bring together people from all races, religions and religions who share the common ideals of Western values, individual freedom and free trade and flow of information Our mission is to provide people with the tools they need to create and shape their experience. "

What tools? GabTV, for example, allows members to create followers and earn revenue by streaming video programming on the Gab platform.

Perhaps in a veiled message to potential followers, the image engraved on the front of the company's bid offer is that of a green frog, similar to the meme of Pepe the Frog that was co-opted by the neo-Nazis and the # 39; altar. right.

Today Gab tokens are still on sale on StartEngine.

At the beginning of this week, while the FBI and the Justice Department investigated the shootings in Pittsburgh, Paypal, Stripe, Joyent and GoDaddy stopped the service at Gab. In a post on his website for the disabled, Torba states that the company is cooperating with the authorities "to do justice to an alleged terrorist".

Of course, Torba has not stopped shouting at the establishment. "No-platform us all you want Damn everything you want Spalami everything you want," he says in the Gab's homepage in response to the closure. "You can not stop an idea."

Torba could be right. There are blockchain alternatives to every single service that currently disables Gab. Paypal and Stripe may not want Gab to use their services, but Gab can easily accept payments directly using bitcoin, ethereum or criptovalute for privacy like zcash and monero.

And Gab can easily use other blockchain services if the main suppliers try to throw away the Internet by refusing to provide critical services. If Gab needs to replace GoDaddy for the domain service (in practice, as computers are mutually online), Ethereum Name Service provides domains for decentralized applications based on the blockchain ethereum. Web hosting? No problem. The Ethereum substrate provides a decentralized alternative to Joyent. Others have already opened the way to the idea. PeepEth is a nascent social network ethereum, and Mastadon is a blockchain-based Twitter.

If browsing all those blockchain alternatives seems daunting, Gab and other blacklisted entities could simply tap Blockstack, which is creating a whole set of Web services designed to create a non-censurable web. At the start of this year Blockstack, which is supported by Tyler and Cameron Winklevoss, has announced $ 1 million in specific grants for social networks that could one day offload Facebook and other centralized social networks. Already, one of 300 applicants for a grant, Afari, says it will give users control of their social network on their usage data by increasing privacy.

As we mark the. tenth anniversary of the birth of bitcoin, it may not be the corrupt bank and the totalitarian regimes imagined by Satoshi that we should fear more, but the dark corners of the internet and the dark minds that inhabit them.

Uncensored guest of Bitcoin Derose, who condemns the attacks on the synagogue but has been accused of racism, sexism and fanaticism, offers a stern warning:

"What happened with Gab is that people of a similar mind have put together their ideas and created something that is worse than a sum of their parts." Adds "We created the bogeys we fear and encouraged them".

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