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Monday 24 November 2014

Why Bitcoin Needs an Aggressive Legal Defense

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Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It's going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared.


As Rick Falkvinge, author of Swarmwise, states, "The copyright monopoly war wasn't the war, it was the tutorial mission. The Internet generation is using technology to assert its values and its place in society, the old industrial generation is pushing back hard against irrelevance. Things are about to get much worse."


It is a superb analogy. Legal tender is essentially an unearned copyright privilege over the production of money. It is unlikely to be easily disrupted.


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