this post was submitted on 08 Jun 2024
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Bitcoin

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, corrupt bankers and politicians. With Bitcoin, you can be your own bank.

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The outcome of this hearing could have profound effects on the cryptocurrency world. A ruling in favor of COPA [Crypto Open Patent Alliance] would not only curtail Wright’s ability to claim he is Satoshi Nakamoto but also set a strong precedent for handling similar cases in the future. It would reinforce the notion that baseless and harmful legal actions against community members and developers will not be tolerated.

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