New York’s Proof-Of-Work Ban Violates Bitcoin Miners’ Right To Free Speech
Supreme Court precedent shows that New York’s moratorium on proof-of-work mining violates Bitcoin miners’ First Amendment rights.This is an opinion editorial by Aaron Daniel, an appellate attorney and author of The Bitcoin Brief legal research newsletter.IntroductionNew York’s legislative assembly passed Bill No. A07389 on June 2, 2022, “establishing a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods,” such as those used by Bitcoin, “to validate blockchain transactions” (hereinafter, the “Moratorium”). In other words, the Moratorium singles out....
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Financial commerce, the exchange of money and currency, is indistinguishable from speech. Therefore, it deserves the exact same respect and "freedom of speech" protections afforded to the utterances of the street-corner preacher, the independent journalist, the newspaper publisher, the internet blogger and so on. Financial commerce is speech, and should be free. "Freedom of Speech" by xoxolaxbabexoxo at deviantart. Despite all of the "freedom of speech" and "free speech" talk we hear, speech today is anything but free. This ranges from what you can and can't say in public or in print or on....
It is evident that proof-of-work is a pure representation of free-market forces as opposed to the control of proof-of-stake.
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Bitcoin as free speech has been a popular argument in the Bitcoin underground since the cryptocurrency’s release in 2008. Software a Form of Free Speech. The claims are based on arguments from before the days of Bitcoin, which posit software as free speech. In 1999, journalist Eric Corley explained to readers how to acquire DeCSS, a program that would....
With growing concerns regarding the Chinese miners’ “monopoly” over bitcoin hash power, influential Bitcoin Core developer Luke Dashjr proposed a Proof of Work algorithm change on January 17, 2016. The Bitcoin network’s proof-of-work scheme is based on SHA-256, which was introduced by the creator of bitcoin Satoshi Nakamoto as a part of the digital currency. Today, various cryptocurrency have adopted alternative hashing algorithms used for proof-of-work such as scrypt, Blake-256 and CryptoNight, Dashjr, posted a GitHub pull request titled “HARDFORK: Fix mining centralisation,” to receive....