Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/8 - Why this felt existential: in 2013 the Foundation was basically the only organized voice for Bitcoin, and there was zero legal clarity on what "money transmission" meant for a non-custodial protocol. A state implying criminal exposure for advocacy work was scary territory.
R to @daily_btc_lore: 5/8 - Why this felt existential: in 2013 the Foundation was basically the only organized voice for Bitcoin, and there was zero legal clarity on what "money transmission" meant for a non-custodial protocol. A state implying criminal exposure for advocacy work was scary territory.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/8 - The Foundation pushed back hard. It was incorporated in Washington D.C., never sold or transmitted a single Bitcoin itself, and disputed that California had any jurisdiction over it at all - a nonprofit standards body, not a money business.
R to @daily_btc_lore: 6/8 - The Foundation pushed back hard. It was incorporated in Washington D.C., never sold or transmitted a single Bitcoin itself, and disputed that California had any jurisdiction over it at all - a nonprofit standards body, not a money business.
Forwarded from MempoolBot
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