• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoin BTC BTCUSD truck
Nexo

Bitcoin For Truckers, The Campaign That Could Render GoFundme Irrelevant

Reynaldo Marquez by Reynaldo Marquez
3 months ago
in Bitcoin
0

Go Fund Yourself using Bitcoin, this slogan has been at the core of a recently launched campaign on Tallycoin. A crowdfunding platform powered by BTC and the second layer payment solution lightning network, which offers its users 0% fees, its own website Plug-in, and a companion node software.

Related Reading | Why Canada’s Crypto Industry is Threatened by Tax Rules

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The platform takes nothing from the donors. It only gives the users an opportunity to leverage Bitcoin’s censorship and seizable resistance and receive aid from people around the world. Every BTC raised goes to the campaign and its control by it.

The organizers of the Freedom Convoy 2022, a campaign to support Canadian-based truckers protesting their government’s COVID-19 and vaccination mandates, learned this lesson the hard way. Over 50,000 truckers rallied to drive into Ottawa while launching a GoFundMe campaign to support their cause.

Quickly, the campaign managed to raise around 10 million Canadian dollars, around $9 million. As often happens when a group of people stand up and start to make demands to their government, they faced opposition.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Later, GoFundMe announced that the platform was going to freeze the campaign’s funds. Initially, these were going to be redistributed to other donations which triggered a lot of criticism across social media platforms.

Per a Tweet from the Ottawa Police Department, the fundraising platform “listened to concerns” from local authorities. They argued that the protests are “unlawful” and called on all crowdfunding sites to adopt a similar stand. Bitcoin doesn’t care about policies, as future events demonstrated.

The organizers took to Tallycoin and launched “Bitcoin for Truckers” to support their “Freedom Convoy” with the following message, they ask to help raised hard money for hard workers:

The Canadian Bitcoin community would like to have a second financial access point for #FreedomConvoy2022. Legacy financial infrastructure can sometimes be politicized and clamped down upon, whereas Bitcoin is a truly censorship resistant method of communicating value. Don’t allow your voices to be silenced, and don’t allow your financial sovereignty to be trampled upon.

Bitcoin Fixes This, Lightning Network Sees Explosion In Transactions

An account called Honk Honk Hold has been updating on its progress, the campaign has collected over 2 Bitcoin in less than three days with a 5 BTC goal. More than 2,000 contributors have been constantly sending out donations with messages, such as “Sorry not sorry Minister Trudeau” or “FREEDOM!”.

An important percentage of the donations were settled using the Bitcoin Lightning Network. This has been translated into an explosion of transactions on this second layer solution, according to the campaign’s handle.

Lightning node transactions going parabolic. pic.twitter.com/KNjIK5uwBz

— HonkHonk Hodl (@HonkHonkHodl) February 5, 2022

Interest in the campaign has been increasing over time, as seen below. It took the campaign almost 4 days to raise 1 BTC but collect their second BTC in less than 24 hours. Certainly, seems like Bitcoiners are showing support to this cause.

Bitcoin BTC BTCUSD honk
Donations over Time for the BTC campaign supporting Canadian truckers. Source: Tallycoin

The ripple effect caused by the decision made by GoFundMe and the Freedom Convoy has been unexpected. A recent report from Reuters claims the Governor of U.S. state Florida, Republican Ron DeSantis, will “work with the Florida Attorney General Ashley Moody to investigate the decision of “commandeer” the donations.

Related Reading | Crypto.com Visa Card, the Most Widely-Available Card of its Kind in the World, is Shipping to Canada

The government official referred to the actions as “fraudulent”. Although the platform has “simplified” the process, the harm is already done. Bitcoin advocate Marty Bent wrote the following on his blog, Issue #1157:

This move by GoFundMe and the Canadian government is an incredible endorsement of Bitcoin and its reason for being. The fact that GoFundMe has the power to unilaterally freeze $9M of funds that were crowdsourced for a legitimate cause shows that centralized third parties are a gaping security hole that Bitcoin fills. If a government decides they don’t like a particular movement they can use their influence to pressure corporations to prevent that movement from doing particular things.

As of press time, BTC trades at $41,574 with moderate gains on the daily chart.

Bitcoin BTC BTCUSD
BTC with moderate gains on the daily chart. Source: BTCUSD Tradingview
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

7 hours ago
Goldman

Goldman Sachs And Barclays’ Investment In Elwood Tech A Major Triumph For Crypto Adoption

8 hours ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

10 hours ago
Crypto & Gaming: A Look At NRG’s Insights Report

Crypto & Gaming: A Look At NRG’s Insights Report

18 hours ago
Riot Blockchain

Riot Blockchain’s Texas Expansion Could Use Power To Light 200,000 Homes

1 day ago
crypto

Crypto Regulators From 5 Countries Identify A Potential $1 Billion Ponzi Scheme

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.