Bitcoin Foundation Receives Cease And Desist Order From California @ Forbes.
Directly following last month’s Bitcoin 2013 conference event in San Jose, CA that brought good revenue into the state, California’s Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmission without a license or proper authorization.
Probably OK to still mine your own coins with PiMiner 🙂
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, or even use Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for MakeCode, CircuitPython, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Join 13,000+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord
Have an amazing project to share? The Electronics Show and Tell with Google Hangouts On-Air is every Wednesday at 7:30pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/
Maker Business — A list of companies owned by Amazon. It’s big.
Wearables — Raid the kitchen
Electronics — Capacitor ESR
Biohacking — Vitamin-C + Gelatin for Accelerated Recovery
Python for Microcontrollers — Python snakes its way to the STM32, Serpente, and more!
Adafruit IoT Monthly — Adafruit IO Updates, RGB Stream Deck Message Panel, and more
Microsoft MakeCode — Welcome to the MakeCode Newsletter!
Sorry, the comment form is closed at this time.
Aww… that’s cute.
The article says that the Bitcoin Foundation does not own, control, or conduct money transmission business. The author doesn’t stop to consider: Who does process bitcoin payments, anyway?
Bitcoin miners (collectively) process bitcoin payments.
So technically, California’s Department of Financial Institutions _should_ have sent that C&D notice to every single person currently mining bitcoins in California.
Until something like that happens (I wouldn’t hold my breath), yes, it probably is okay to mine your own coins with PiMiner. Or any other hardware, for that matter.