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Title: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: btceic on June 02, 2013, 01:05:00 AM http://www.coindesk.com/andresen-returns-726-btc-to-privacy-organisation/
Quote On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) – a non-profit organisation that defends free speech, privacy and consumer rights – after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: ”I’m satisfied to see these bitcoins will be used as they were intended – as a donation to support the work of the Electronic Frontier Foundation. The Bitcoin Faucet was happy to receive the funds, but we are particularly glad to see them used as they were originally intended.” The EFF originally gave 3,505 bitcoins to the Bitcoin Faucet when in 2011 it decided to stop taking bitcoins. The Bitcoin Faucet, which used to distribute small amounts of bitcoin to the community to promote its use, then shut down, leaving some of the money in limbo. The EFF stated: ”Some of these remaining bitcoins were used to reimburse Bitcoin mining pools that suffered financial losses during a blockchain fork. Additionally, about 150 BTC of Faucet funds were also given to the Minecraft Faucet and the “Exchange Reddit Karma for Bitcoins” project. “However, there were still over 700 bitcoins remaining from EFF’s original contribution, and no easy way to redistribute them equitably to the Bitcoin community.” The EFF’s move to once again accept bitcoin gave Andresen the green light to return the money. The EFF said: ”We wanted to extend our heartfelt appreciation to the Bitcoin community for its steadfast support of our work and explain the unique story behind this particular donation. Above all, we want to commit to using this donation to promote liberty in the digital world. We’ll be using this money to support our impact litigation, advocacy, and technical projects that defend individual privacy, combat government surveillance, support free expression, and promote innovation.” Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: teukon on June 02, 2013, 03:40:52 AM Excellent news!
Thank you for doing this Gavin. Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: kjlimo on June 02, 2013, 04:29:44 AM Heh, wonder if the price of bitcoin influence this decision...
Well I guess in the spirit of getting things done, it's nice to have this resolved... Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: StarfishPrime on June 02, 2013, 05:46:52 PM It is very good news. The EFF is more important than ever in light of recent government actions.
Just imagine what they could have done with the rest of the bitcoins they foolishly squandered by giving them away. Expensive mistake! Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: dhenson on June 02, 2013, 08:25:44 PM Not that it was in question, but this should forever cement Gavin's trustworthiness. We're truly lucky to have someone of his caliber as involved as he is in the community.
Thank you Gavin. Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: Gavin Andresen on June 03, 2013, 04:47:24 PM Thanks!
PS: I'm still giving away 10 BTC per month from those funds to the Minecraft Faucet (I committed 100BTC to the Minecraft Faucet folks before the EFF announced they'd accept Bitcoin donations again)... Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: TraderTimm on June 04, 2013, 12:38:48 AM Thanks! PS: I'm still giving away 10 BTC per month from those funds to the Minecraft Faucet (I committed 100BTC to the Minecraft Faucet folks before the EFF announced they'd accept Bitcoin donations again)... Thank you for your coding skills, and for being such a competent and honest human being. Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: davecoin on June 04, 2013, 07:07:43 AM Kudos, Gavin. I always show friends interviews and videos with you when I tell them about Bitcoin. Thank you.
Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: docius on June 06, 2013, 11:19:59 AM What a guy... most impressive.
Title: Re: 2013-06-01 Andresen returns 726 BTC to privacy organisation Post by: Gabi on June 06, 2013, 01:11:35 PM Ah, the EFF, being on the frontier, but only when the frontier is no more a frontier. ::)
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