Yesterday a quasi-judicial body in Italy fined @Cloudflare $17 million for failing to go along with their scheme to censor the Internet. The scheme, which even the EU has called concerning, required us within a mere 30 minutes of notification to fully censor from the Internet any sites a shadowy cabal of European media elites deemed against their interests. No judicial oversight. No due process. No appeal. No transparency. It required us to not just remove customers, but also censor our 1.1.1.1 DNS resolver meaning it risked blacking out any site on the Internet. And it required us not just to censor the content in Italy but globally. In other words, Italy insists a shadowy, European media cabal should be able to dictate what is and is not allowed online.
That, of course, is DISGUSTING and even before yesterday’s fine we had multiple legal challenges pending against the underlying scheme. We, of course, will now fight the unjust fine. Not just because it’s wrong for us but because it is wrong for democratic values.
In addition, we are considering the following actions: 1) discontinuing the millions of dollars in pro bono cyber security services we are providing the upcoming Milano-Cortina Olympics; 2) discontinuing Cloudflare’s Free cyber security services for any Italy-based users; 3) removing all servers from Italian cities; and 4) terminating all plans to build an Italian Cloudflare office or make any investments in the country.
Play stupid games, win stupid prizes. While there are things I would handle differently than the current U.S. administration, I appreciate @JDVance taking a leadership role in recognizing this type of regulation is a fundamental unfair trade issue that also threatens democratic values. And in this case @ElonMusk is right: #FreeSpeech is critical and under attack from an out-of-touch cabal of very disturbed European policy makers.
I will be in DC first thing next week to discuss this with U.S. administration officials and I’ll be meeting with the IOC in Lausanne shortly after to outline the risk to the Olympic Games if @Cloudflare withdraws our cyber security protection.
In the meantime, we remain happy to discuss this with Italian government officials who, so far, have been unwilling to engage beyond issuing fines. We believe Italy, like all countries, has a right to regulate the content on networks inside its borders. But they must do so following the Rule of Law and principles of Due Process. And Italy certainly has no right to regulate what is and is not allowed on the Internet in the United States, the United Kingdom, Canada, China, Brazil, India or anywhere outside its borders.
THIS IS AN IMPORTANT FIGHT AND WE WILL WIN!!!
🚨WARNING: Ledger Wallet connection is compromised. Do not connect to anything or your wallet could be drained. The best thing is to do nothing and connect to NO websites. DO NOT TRY AND LOGIN TO YOUR LEDGER.
#ledgerwallet#ledger#ledgerhacked
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Just wanted to share a story I first read in 2012 that has inspired my life in many ways.
Every time I read it I ask myself why I spend so much time in front of my screen chasing digital money.
/THREAD
📢 $KUJI Staker Campaign 1 💸
We've put together a super simple guide for bidding & liquidations. Time to go back to basics.
Here is the campaign page https://t.co/ePIxNoLIRZ.
‼️ Stakers need to push the button on the campaign page to qualify (up in ~ 15 mins) 🔁
🧵 1/8
Everybody rushed in to the market to buy $BTC above $15,000.
Everybody scared to buy $BTC now at $3,000, while the progress is steady and strong and the fundamentals are getting better.
The psychology of the market. It’s beautiful.
What I've learned during the bear market:
1. BTC should be the priority investment and your biggest bag
2. Remember to take profits
3. Separate emotions from investments
4. Only invest in projects with good communities
5. Don't invest too much in low cap coins
#Bitcoin#crypto
Netflix market cap is almost exactly double that of Bitcoin.
A streaming service worth twice as much as the total amount of humanity's first ever uncensorable, permissionless, rock hard, decentralized money. The most disrupting piece of innovation the world has ever seen.
🤯
Bitcoin facts the media ignores:
- 70%+ of energy used is renewable
- Better to catch criminals than USD
- Best performing asset last 10 years
- BTC beat S&P 500 since inception
- 2X more wallets created in 2018, than all previous years combined
Facts matter, narratives don’t.
imagine being trapped in a currency which depreciates by 2.50% every single year, because you don't really understand what fiat money really is.
imagine building a life not understanding the underlying economic principles the world is running on. ever built a house on quicksand?
History lesson:
- People feared electricity
- People feared first train
- People feared first plane
- People feared the internet
- People feared hedge funds
- People feared Bitcoin
People fear what they don't understand. Don't get caught on the wrong side of history.
All the good work being done in crypto right now is laying the groundwork for the future.
Be patient.
Bear markets get rid of the tourists, so the innovators can focus.