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#DTV Don't trust. Verify. Não Confie. Verifique. P&D desde 2022 🇺🇸🇵🇹🇪🇸 ⚠️Desative notificação 🚥AutoTranslate @NekoUpdates 📚DESMISTIFICANDO #P2P Pagtos #Hold Poupança #Node Soberano #Nostr AntiC #IA LLMs #CLAW Auto #LINUX OS Tutorialbtc.npub.pro
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Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 8/10 - They donated their accumulated Bitcoin to Gavin Andresen's Bitcoin Faucet, a project that gave free BTC to anyone who asked, a few coins per visit, to get the currency into more hands. The EFF's coins were redistributed to strangers.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/10 - The timing made it worse. The EFF published on June 20, one day after a hacker crashed Bitcoin's price from $17 to a penny on Mt. Gox. The EFF said the decision predated the crash. It still looked like the first institutional retreat at Bitcoin's lowest moment in 2011.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/10 - The sharpest line in their post: 'we try very hard to keep EFF from becoming the actual subject of those fights.' The organization built to defend others in legal battles over new technology sat out the most important legal battle over new technology in a generation.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/10 - The Stamp Payments Act is an 1862 law protecting Civil War currency. It prohibits private notes intended to circulate as money below $1. Nobody knew in 2011 if it applied to Bitcoin. The EFF, which normally fights such laws in court, was afraid to find out firsthand.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/10 - On June 20, EFF legal director Cindy Cohn published 'EFF and Bitcoin.' Three reasons for quitting: the legal landscape was undefined, they didn't want to be seen as endorsing Bitcoin, and they specifically named securities law, the Stamp Payments Act and money laundering.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/10 - The EFF hadn't even set up their Bitcoin account themselves. Anonymous community members created it on their behalf and began routing donations into it. For several months the EFF accepted coins through an account they didn't start, for a currency they hadn't vetted.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/10 - The EFF is the ACLU of the internet. Founded in 1990 partly by John Perry Barlow, who wrote 'A Declaration of the Independence of Cyberspace,' it fights for privacy, free speech and digital rights. No organization in 2011 was more aligned with what Bitcoin stood for.
Today in Bitcoin History / @daily_btc_lore:
June 20, 2011 (15 years ago)
The EFF drops Bitcoin
One of Bitcoin's most ideologically aligned institutions walked away from it the day after the Mt. Gox flash crash. When they came back two years later, the community handed them 726 BTC. Brief thread... 🧵👇
IEEE Spectrum
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