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Topic: [2016-02-13] Forbes: Is The Looming Bitcoin 'Hard Fork' Illegal? (Read 445 times)

legendary
Activity: 1260
Merit: 1115
This is an interesting view point, although it sounds pretty stupid to me.

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The creators of the new software face potential liability and criminal sanctions if they are deemed administrators unless they register with the Feds

Does this mean that Satoshi is going to face a barrage of litigation if at all he decides to reveal his identity?  Grin

I seem to remember that some of the code he used may have been protected by copyright in the U.S., which may have been one of the original reasons for the pseudonym.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
This is an interesting view point, although it sounds pretty stupid to me.

Quote
The creators of the new software face potential liability and criminal sanctions if they are deemed administrators unless they register with the Feds

Does this mean that Satoshi is going to face a barrage of litigation if at all he decides to reveal his identity?  Grin
legendary
Activity: 2436
Merit: 1561
For some reason suggesting the fork may be 'illegal' makes me smile

we're talking about Bitcoin Grin

Yeah, the idea and reasoning is pretty idiotic. There's a discussion about it on the main board if you're interested:

https://bitcointalksearch.org/topic/and-now-theyre-saying-a-hard-fork-could-entail-legal-repercussions-1364783

franky1 made a pretty good point:
https://bitcointalksearch.org/topic/m.13886916

hero member
Activity: 722
Merit: 500
For some reason suggesting the fork may be 'illegal' makes me smile

we're talking about Bitcoin Grin
legendary
Activity: 2436
Merit: 1561

Is The Looming Bitcoin 'Hard Fork' Illegal?

http://www.forbes.com/sites/jasonbloomberg/2016/02/13/is-the-looming-bitcoin-hard-fork-illegal/#8a7d7254b13e

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As the Bitcoin community struggles to reach a broad consensus over how to expand the blockchain’s block size, thus allowing Bitcoin to scale, a pro-Bitcoin attorney has sounded an important alarm: any hard fork of Bitcoin may be illegal, and furthermore, exposes the developers of the newer code to substantial liability.

“The creators of the new software face potential liability and criminal sanctions unless they register with the Feds,” according to Daniel Friedberg, a principal at the law firm of Riddell Williams PS in Seattle. Furthermore, “the implementation of a ‘hard fork’ would require exchanges to differentiate between bitcoin and ‘Bitcoin Classic’ or ‘Bitcoin XT’ Bitcoin, as its customers would inherently have rights to either one or the other.”
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