herald on Nostr: On June 20, 2011 the Electronic Frontier Foundation (EFF) turned the tables and ...
On June 20, 2011 the Electronic Frontier Foundation (EFF) turned the tables and declared they were pulling the plug on #bitcoin donations. This surprising move came just five months after EFF warmed up to bitcoin as a fresh fundraising avenue and curiously, barely a week post-Wikileaks announced they had almost no other donation alternatives but bitcoin.
EFF laid out three key reasons for their decision:
* The potential legal pitfalls surrounding Bitcoin.
* The challenge of transforming Bitcoin into traditional currency.
* The desire to steer clear of any misinterpretation that EFF’s acceptance of bitcoin donations meant an endorsement of #Bitcoin itself.
Back then, Bitcoin was still finding its footing, and EFF’s careful approach was understandable. And they didn’t just stop there, they thoughtfully set up a Bitcoin faucet to return all their donations to the community. But, there's that lingering thought - imagine if they had HODLed onto those bitcoins... 😅
https://web.archive.org/web/20131115014149/https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin
EFF laid out three key reasons for their decision:
* The potential legal pitfalls surrounding Bitcoin.
* The challenge of transforming Bitcoin into traditional currency.
* The desire to steer clear of any misinterpretation that EFF’s acceptance of bitcoin donations meant an endorsement of #Bitcoin itself.
Back then, Bitcoin was still finding its footing, and EFF’s careful approach was understandable. And they didn’t just stop there, they thoughtfully set up a Bitcoin faucet to return all their donations to the community. But, there's that lingering thought - imagine if they had HODLed onto those bitcoins... 😅
https://web.archive.org/web/20131115014149/https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin
quoting note1kdw…640wIn the early morning hours EST of June 15, 2011, Wikileaks turned to #bitcoin as a lifeline for receiving donations. This was a strategic move to counteract a politically motivated banking blockade crafted by leading banks and payment service providers under the influence of the U.S.
The attack has destroyed 95% of the organisation’s revenue, and if it wasn’t for #Bitcoin, Wikileaks might have ceased to exist.
Free speech is inseparable from censorship-resistant money. Remember that!
https://wikileaks.org/Banking-Blockade.html
https://nitter.at/wikileaks/status/80774521350668288
