<story><title>EFF and Bitcoin</title><url>https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin</url></story><parent_chain></parent_chain><comment><author>pash</author><text>&quot;Bitcoin raises untested legal concerns related to securities law, the Stamp Payments Act, tax evasion, consumer protection and money laundering, among others.&quot;&lt;p&gt;No it doesn&apos;t. Accepting donations in Bitcoins is no different than accepting cash yen or euro or Zimbabwean dollars. You value them at the market&apos;s dollar rate for tax purposes. The other objections are thorough nonsense as far as I can tell.&lt;p&gt;&quot;We don&apos;t want to mislead our donors.&quot;&lt;p&gt;You just did.  You took their Bitcoins and did something with them wholly different from what you said you were going to with them.  (The EFF says it donated them to the Bitcoin Faucet.) The honest thing, and what your donors expected, would have been to convert them to dollars (or whatever) and spend them as you would any other donation, or to purchase goods and services from the Bitcoin economy  to promote your mission.&lt;p&gt;&quot;People were misconstruing our acceptance of Bitcoins as an endorsement of Bitcoin.&quot;&lt;p&gt;You were endorsing Bitcoin by using it. Just say, &quot;Bitcoin&apos;s the Wild West.  We&apos;re scared to take them.&quot;  And leave it at that.</text></comment>
<story><title>EFF and Bitcoin</title><url>https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin</url></story><parent_chain></parent_chain><comment><author>rick888</author><text>&quot;People were misconstruing our acceptance of Bitcoins as an endorsement of Bitcoin&quot;&lt;p&gt;They may not think so, but buy accepting it, they are endorsing it.</text></comment>