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A trillion dollar asset faces a court case that could collapse the primary use case of said asset (self-custody and sovereignty), our boys thought the community would step up to the tune of the +$10m required to fight a court case like this. Instead they got $1m in donations and $2m in debt and had to call it quits.

This case was and is existential for Bitcoin. The fact that only one one-millionth of the monetary value of Bitcoin was put forth to defend itself from this attack was a travesty.

Think how much miners spend on electricity and machine depreciation every day and nobody could spare the money necessary to defend Bitcoin from the legal attack vector.

#FreeSamourai

#PardonKeonne

#FreeTDev

#PardonBill

Comte de Sats Germain 3w ago 💬 3

Its not existential. Its a tragedy, but not existential. And its too soon to say what the effects will be. If I were a developer, ain't no way in hell I'd be publishing under my own name. What does it do to their control when they don't know who to black bag? But we'll see. I think the state will attack more now. I think they've revealed their strategy. It'll be rinse and repeat, one dev after another, till they're all in prison, or all have scopes on their houses 24/7.

But I think bitcoin'll be fine.

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Discussion

TallBrian 3w ago

If I were a dev, I would be considering geographic arbitrage. Why put yourself in striking distance of a viper.

Ape Mithrandir 3w ago 💬 2

TDev was in Portugal. They got him. Name a freedom orientated Country that wouldn't give up a person to the US Courts?

BushRat 3w ago

Define freedom orientated.

Sending people to USA to face court for non violent "crime" that took place when they were outside of USA's jurisdiction.

That isn't freedom orientated, that's being cucked.

That's something Australia would do.

Ape Mithrandir 3w ago

Portugal did it. As would many other countries. SDNY established jurisdiction by having a Federal Agent download and use the software from New York.

Ape Mithrandir 3w ago

The effect you list of Devs not wanting to publish under their own name is already palpable. All the major grants in the Bitcoin Space require handing over your true name in the background even if you could remain nym on GitHub.

They were charged for unlicensed money transmission for a non-custodial wallet. The court didn't pursue money laundering charges. The charges they are going to prison for could apply to many facets of the Bitcoin ecosystem. Do miners have Money Transmitter Licenses?