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Federal Reserve is threatening to sue Bitcoin Mag over parody product

bitcoinmagazine.com

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Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#41

Post by DANmode »

futureamish wrote: post #13

I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…

> I don't have a problem with surveillance. I have a problem with surveillance under the

Also, just stop there!,

because the rest of that sentence will change every 5, 10, 50 years, no matter what anyone does.

Don't start any program within your home that you don't want your enemies to have access to use against you while they're in power.

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#42

Post by DANmode »

sharemywin wrote: post #25
sonicanatidae wrote: post #21

Earlier quoted context omitted.

And the stock market.

of course without either of these every Americans incomes, wealth, etc would shift to the left by 1 if not 10 decimal places.

The size and complexity of both of those has increased since the 50s, a time when "every American"¹ was far better off financially with their takehome.

So, I'm not sure I follow your assumption.

¹with obvious regards to those of color

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#43

Post by DANmode »

Aunche wrote: post #22
striking wrote: post #7

Earlier quoted context omitted.

You're really underselling it. They're replying to the Fed as if their cease-and-desist letter were no more than some sort of internet argument on Reddit or something. Here's a sample, to encourage folks to read the article and have a good hearty chuckle themselves: > > “The Federal Reserve has extensively used and promoted the FEDNOW mark and has built up substantial goodwill in this invaluable asset. Financial inst…

> For starters, what goodwill has the Federal Reserve built up? Have you seen the state of the working class today? The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services. Thanks to this, Americans have the highest average disposable incomes in the world and the highest median income in the world behind a tiny tax haven. If Americans aren't able to benef…

> The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services.

Next year, and every year forward, arguably in part because of the Fed, America will be able to receive less dollars in goods and services for the same agreement,

due to US' objectively-falling creditworthiness, as rated by the large institutions and nations who are willing to lend to us.

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#44

Post by ClarityJones »

tedunangst wrote: post #33
samus wrote: post #11

I don't completely agree with the point of Bitcoin Magazine, but the blatant attempt to suppress satire and criticism is deeply troubling.

It's deeply troubling that this t-shirt is the most original criticism they can come up with.

I appreciate that they used the least original means of criticism that was never-the-less sufficient to agitate the Fed into threatening legal actions.

It's easy to agitate a federal agency if you do something novel or extreme. The fact that this was sufficient really highlights how petty the Fed's actions are.

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#45

Post by anonporridge »

DANmode wrote: post #41
futureamish wrote: post #13

I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…

> I don't have a problem with surveillance. I have a problem with surveillance under the Also, just stop there !, because the rest of that sentence will change every 5, 10, 50 years, no matter what anyone does. Don't start any program within your home that you don't want your enemies to have access to use against you while they're in power.

I don't get how people don't understand this.

One of the reasons that the Nazis were especially effective at finding Jews in the Netherlands is because of their very detailed civil registry, that included religious affiliation.

French authorities were also forced to help the Nazis locate Jews during their occupation, and this is one of the reasons the French today don't keep official records on people's race or religious affiliations.

Just because you fully trust authorities today doesn't mean the guard won't turn over in the future for any number of reasons.

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#46

Post by HappyTortoise »

DANmode wrote: post #43
Aunche wrote: post #22

Earlier quoted context omitted.

> For starters, what goodwill has the Federal Reserve built up? Have you seen the state of the working class today? The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services. Thanks to this, Americans have the highest average disposable incomes in the world and the highest median income in the world behind a tiny tax haven. If Americans aren't able to benef…

> The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services. Next year, and every year forward, arguably in part because of the Fed, America will be able to receive less dollars in goods and services for the same agreement, due to US' objectively-falling creditworthiness, as rated by the large institutions and nations who are willing to lend to us.

That's the treasury's fault not the fed

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#47

Post by alphanullmeric »

futureamish wrote: post #13

I don't have a problem with surveillance. I have a problem with surveillance under the undemocratic, nightmerican system of goverence with non-existent to weak checks and balances across the entire polis and an outdated constitution. That said, Bitcoin is a state sponsored pyramid scheme, and only someone riding the coattails of early adoption and espousing permanent oligarch rule through its lack of taxation could e…

Cryptocurrencies have no value, what do you intend on taxing?

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#48

Post by [deleted] »

vitiral wrote: post #5

FedNow: https://www.frbservices.org/financial-services/fednow Apparel: https://store.bitcoinmagazine.com/products/fednow-shirt-1?_p... Not a trademark attourney, but the styling is distinct enough. The use of identical name could be problematic I would think? However, I don't see how this is a "parody" -- I thought parodies have to be clearly different but use similar styling, i.e. call it "FedThen" and cleverly incl…

[deleted]

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#49

Post by kolanos »

mindslight wrote: post #37
kolanos wrote: post #20

Earlier quoted context omitted.

> Doesn't the Copyright Act of 1976 place government works into public domain? The Federal Reserve is about as federal as Federal Express.

The Federal Reserve is a de facto branch of government. To the extent that it manages to legally and politically suppress this fact, and perhaps even has a plausible claim to create "trade" marks and whatnot, is just part of the general corruption surrounding it.

> Is the Federal Reserve a privately owned corporation? > > Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. > > The Federal Reserve System is considered to be an independent central bank. [0]

[0]: https://www.frbsf.org/education/publications/doctor-econ/200...

Re: Federal Reserve is threatening to sue Bitcoin Mag over parody product

#50

Post by ry4nolson »

nostrademons wrote: post #27
vitiral wrote: post #5

FedNow: https://www.frbservices.org/financial-services/fednow Apparel: https://store.bitcoinmagazine.com/products/fednow-shirt-1?_p... Not a trademark attourney, but the styling is distinct enough. The use of identical name could be problematic I would think? However, I don't see how this is a "parody" -- I thought parodies have to be clearly different but use similar styling, i.e. call it "FedThen" and cleverly incl…

The "End the FedNow!" merchandise is pretty clearly parody. The stuff that just has the "FedNow" logo is borderline. I wonder why organizations do this, highlighting the logos of organizations they oppose. I have an EFF hoodie that says "National Security Agency" on the front and "Defund Big Brother" on the back, and I get questions all the time of "Do you work for the NSA?" and then have to turn around and show them…

I think even just the "FEDNOW" standalone stuff could be considered parody. It's different from the real logo and I'm pretty sure the "O" is supposed to imply surveillance or that the fed is watching you.
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