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.
2. We don't want to mislead our donors.
- Because of this, we’re giving the Bitcoins that have been accumulated, or that may accumulate in the future, in the account set up in our name to the Bitcoin faucet, so that they can continue to circulate in the community
3. People were misconstruing our acceptance of Bitcoins as an endorsement of Bitcoin.
Here is the direct link to the story: https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin