04 Oct '12, 6am

Confused. Does this mean @EFF now endorses @Stripe? MT @stripe: @EFF accepts donations w/ Stripe

For several months, EFF has been following the movement around Bitcoin , an electronic payment system that touts itself as "the first decentralized digital currency." We helped inform our members about this unique project through our blog and we experimented with accepting Bitcoin donations for several months in an account that was started by others. However, we’ve recently removed the Bitcoin donation option from the Other Ways to Help page on the EFF website, and we have decided to not accept Bitcoins. We decided on this course of action for a few reasons: 1. We don't fully understand the complex legal issues involved with creating a new currency system. Bitcoin raises untested legal concerns related to securities law, the Stamp Payments Act, tax evasion, consumer protection and money laundering, among others. And that’s just in the U.S. While EFF is often the defender o...

Full article: https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin

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It was an idea that first emerged at the end of the heyday of cyber-utopianism: Bitcoin , the virtual and universal curren...

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guardian.co.uk 03 Oct '12, 2pm

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