The VDARE Foundation has temporarily suspended cryptocurrency donations, starting this week. I hope to reinstate crypto once things sort out, but right now, the hassle and payoff are not in balance.
Let me start by saying VDARE Foundation is not in the investment or speculation business. And even if we were, finances are so tight right now, we need everything liquid.
Because of the current relentless and ever-expanding Cancel Culture, banking is an ongoing struggle for us. I have spent what feels like years of my life trying to piece together services and structures that protect our assets and our ability to operate, and still we have inefficiencies and vulnerabilities. This is one of the ways our enemies win: by leeching valuable time, emotional and psychic energy, away from the fulfillment of our mission in a war of red tape.
Recently, I got an email from our crypto servicer stating that we are no longer allowed to do trades and that our account is limited. Significantly, this is not a result of Cancel Culture—at least, not directly. It’s because of what increasingly appears to be the VDARE Foundation’s original sin: being incorporated in the state of New York:
First, we would like to thank you for your many years as a [redacted] client.
We are writing to inform you that [redacted] does not currently provide its services in the state of New York due to regulatory limitations associated with the BitLicense. Unfortunately, with your business being currently incorporated and operational in the state of New York, we will be unable to continue providing our services at this time…
We sincerely apologize for any inconvenience we may have caused you.
This inability to trade or exchange currencies dramatically limits the usefulness of crypto for VDARE. Donations come in all types of coin: Monero, Ethereum, Litecoin, etc. But almost everyone wants to be paid in Bitcoin. If I can’t exchange Monero for Bitcoin, I can’t pay the bill.
As many of you already know, the VDARE Foundation is under attack by the New York Attorney General Letitia James.
The fact that our crypto-currency servicer has its own independent difficulties with New York is yet more evidence that the Empire State is becoming a diseased leftist imperium.
I thank the donors who did donate to VDARE in crypto over the years. In a freer America, we hope to start again.
May pankkake Rest In Peace.