Parler App Removal Sends Shockwaves Through “Libertarian” Cryptosphere

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Last Updated on 13 January 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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The removal by Silicon Valley of the Parler App continues to send shockwaves through the cryptosphere, not in the least in the mind of Cardano Founder Charles Hoskinson, who expressed his anger at Apple for going along with Google and Amazon and banning the app from its platforms.

Furthermore, some Bitcoin bulls believe this might trigger incoming Treasury Secretary Janet Yellen to have a long and hard look at the most famous cryptocurrency as well. We explain.

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John Matze

I don’t have too many friends, but the ones I do have, we just talk amongst ourselves about ideas, crazy ones, easy ones, whatever.

That is a direct quote by John Matze, the CEO of popular app Parler, the company that is in the crosshairs of Silicon Valley after it appeared that the mob which attacked the US capitol building last week organized part of the assault via the app.

On pictures which have since been released men were shown carrying ziplocks with them, because the intention was to kidnap politicians.

Parler was created with money from hedge-fund investor Robert Mercer’s daughter Rebekah.

12 million users

The two-year-old app had proved to be a magnet for rightwing supporters of US President Trump, getting 12 million users, of which 8 million came from the U.S.

Matze (who’s married to a Russian model that is most famous for standing with a shotgun and a t-shirt that reads “trust me, I’m a Russian spy”) describes himself and his platform as “Libertarian”. A political word that has a big red dot on it in Washington DC.

He claims that because his platform operated in an unregulated part of the internet, which Silicon Valley couldn’t control, they have decided to abolish it. Over the weekend, Apple, Google and Amazon indeed all banned Parler from their platforms.

Libertarian and unregulated, those are two words that some have also used to describe the cryptosphere of course. In fact, Libertarian was the exact word that was used to describe Bitcoin by Janet Yellen, the new US Treasury Secretary.

Hostility from regulators

As we’ve wondered before, Janet Yellen’s arrival as US Treasury secretary could bring with it a new era of hostility from regulators and central banks towards what here entourage has described crypto as, namely libertarian forms of digital money.

If the SEC lawsuit against XRP would prove to be successful, if the removal of Parler would go by without a hitch and if Yellen witnesses all that, what fear would she have of going after Bitcoin with her newly found powers as Treasury Secretary?

Charles Hoskinson seems to be asking all the right questions.