Happy Thursday, Blockfolians
He-Who-Shall-Not-Be-Named-And-Who-Is-Definitely-Not-Satoshi is up to his old tricks again. This time, it’s pointing legal threats at websites to get them to take down the Bitcoin white paper, claiming ownership.
For reference, the Bitcoin white paper was published under an open source MIT license that allows any one to do pretty much anything with it, so of course this is absurd. The problem is that our legal system allows bullies to make life very difficult for people as long as they have the money to fight.
In a mass show of solidarity, people and companies across the crypto industry started hosting the white paper. Coin Center, Casa, NYDIG, Square and many others all joined in.
The legal threats are a joke, but the response of the community is anything but.
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Highly Relevant Reading
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A different take on why the particular FUD Yellen is choosing is a good thing
Yassine Elmandjra @yassineARK3/ I’d be more concerned if Yellen denounced Bitcoin as a threat to monetary sovereignty. To criticize Bitcoin for facilitating criminal activity is to criticize one of its fundamental value propositions: censorship-resistance.
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A Really Big Number We Should Be Paying Attention To
That’s the amount of new deposits from crypto companies came into Silvergate Bank last quarter