Bonum Certa Men Certa

Bitcoin: Code of Conduct stifled open source concerns

posted by Roy Schestowitz on Feb 24, 2026

Reprinted with permission from Daniel Pocock.

10:00 Tue, 24 Feb 2026

If BitCoin is just another ponzi scheme, how did it grow over fifteen years to achieve $4 trillion valuation in broad daylight?

One of the tactics used has been the affiliation with the open source or free software methodologies and communities.

Some contributors embraced it early on. Others were openly sceptical but had to bite their tongues because of the Code of Conduct gaslighting.

Bitcoin crash, ponzi scheme, pyramid scheme

 

As more and more communities were tricked into adopting the Code of Conduct gaslighting, there were fewer and fewer ways insiders could raise concerns that BitCoin might be nothing more than a ponzi scheme based on cryptography.

Here is a comment that Paul Boddie made to the FSFE misfits in 2011 ( source):

Chris Woolfrey: What about BitCoin?

Boddie: I think there are huge trust and credibility issues with BitCoin, sadly. But there are apparently alternative payment services out there that are as easy to adopt as PayPal, so it’s just a matter of using them. And again, it’s easy to get hung up on matters like this, but one effective means of taking registration payments is bank transfers. If you are only dealing with people from countries whose banks don’t regard you as being insane when you ask to make a transfer to someone else’s account, especially in another country, then just accepting bank transfers is a viable option.

From the debian-private (leaked) gossip network, I found a message where Phil Hands suggests third parties could be given licenses to use the Debian trademark in exchange for BitCoin.

Subject: Re: Webian?
Resent-Date: Thu,  9 Jun 2011 19:58:19 +0000 (UTC)
Resent-From: debian-private@lists.debian.org
Date: Thu, 09 Jun 2011 20:07:31 +0100
From: Philip Hands <phil@hands.com>
To: Faidon Liambotis <paravoid@debian.org>, debian-private@lists.debian.org, leader@debian.org

On Thu, 9 Jun 2011 18:53:22 +0300, Faidon Liambotis <paravoid@debian.org> wrote: > Hi, > > On this week's LWN there is an article about Webian, a project aiming to > create an operating system based on Mozilla and web technologies a la > ChromeOS (as I understand it). > > Apparently, there is no relation to Debian at all, besides both having > the goal of producing an operating system. > > Personally, I find the use of the name "Webian" and the similarity to > our name a bit unfortunate and perhaps as a trademark infringement (but > IANAL).
*sigh*
Likewise IANAL, but as I understand it, if one does not defend a trademark, one risks losing it.
I suppose if we were to decide that we didn't mind too much, rather than telling them to change the name, we could sell them a license to use it (for some bitcoins perhaps?), just so that we can demonstrate that we're defending the mark when someone we really don't like comes along.
It would be better if they changed it though.
Oh, and if we're telling people off about that, perhaps there's another candidate here:
https://launchpad.net/webian
although that does look like a dead project, but it might be worth submitting a Cease&Desist as a bug report, asking them to leave the notice at that URL as something for Google to find, so the next person to think they're being original can find out that they're not.
Actually, we (well, sort-of we) have apparently been using the name since 2006, not that this seems to have come to anything:
http://wiki.debian.org/JoseParrella#Webian
bit it does rather nicely demonstrate that they should have expected trouble.
Also, this is _Mozilla_ violating our trademark, right? *raise eyebrow*
Cheers, Phil. -- |)| Philip Hands [+44 (0)20 8530 9560] http://www.hands.com/ |-| HANDS.COM Ltd. http://www.uk.debian.org/ |(| 10 Onslow Gardens, South Woodford, London E18 1NE ENGLAND

In 2012, Stéphane Glondu traveled from France to London for the Bitcoin conference:

Subject: [VAC] 12-16 September, London
Resent-Date: Mon, 10 Sep 2012 09:17:24 +0000 (UTC)
Resent-From: debian-private@lists.debian.org
Date: Mon, 10 Sep 2012 11:17:02 +0200
From: Stéphane Glondu <glondu@debian.org>
To: debian-private@lists.debian.org

Hi,
I'll be in London from the 12th to the 16th, attending the Bitcoin conference[1] during the week-end.
Other than that, I would be happy to share some keys and sign some beer. My (French) cell number is known to LDAP.
Cheers,
-- Stéphane
¹: http://bitcoin2012.com/

Martin Krafft told us One day, Bitcoin will rule. As the saying goes, every dog has its day. Maybe that day has been and gone when it peaked in October 2025.

Subject: Re: Want to buy Bitcoin? Have a US credit card?
Date: Wed, 6 Aug 2014 20:19:27 +0200
From: martin f krafft <madduck@debian.org>
Organization: The Debian project
To: debian private list <debian-private@lists.debian.org>

Thank you for all your kind responses and offers. I found exactly my model on Ebay, one week old (post-exhibition sale, almost 50% off, so I went for that and shelled out to Paypal. One day, Bitcoin will rule…).
Here's a bit of info coming back. People suggested other sites, but none of them had the model I sought. Notably, overstock.com came close and does accept Bitcoin.
So I am all set now, but obviously, … if someone from the US still wanted Bitcoin, we could set up a deal and avoid exchange commissions on both sides (as I will be needing USD for DC14)…
-- .''`. martin f. krafft <madduck@d.o> @martinkrafft : :' : proud Debian developer `. `'` http://people.debian.org/~madduck `- Debian - when you have better things to do than fixing systems "the only difference between the saint and the sinner is that every saint has a past and every sinner has a future." -- oscar wilde

Continue reading the inconvenient truth about cryptocurrency.

The author holds an MIT MicroMasters in Data, Economics and Development Policy. He does not hold any crypto "assets". Swiss financial regulator FINMA will neither confirm nor deny an investigation on this blog precipitated the resignation of their deputy CEO .

Other Recent Techrights' Posts

Your Site Should Implement Its Own Search (Before It's Too Late)
GAFAM was never trustworthy
Maintenance Reminder
We'll carry on publishing
EPO "Cocaine Communication Manager" - Part VIII - Mobbing and Silencing of Dissenting Staff
that's the very cornerstone of functional democracies with real opposition parties
Reader Shares Recent Memes on Slop and 'Coding' by LLMs
"just some funny memes I thought were relevant to current coverage."
 
Links 22/03/2026: Microsoft 'Open' 'AI' in Legal Trouble (Plagiarism, Distortion, Misrepresentation); Facebook/Meta Kills Off "Horizon Worlds"
Links for the day
Racism Dressed Up as "Choice"
Racism is rampant at IBM
Probably an All-Time Record
Our investment in our own SSG is paying off
Gemini Links 22/03/2026: LLM Slop Attacks USENET, Announcing Pig (New Game in Gemini Protocol)
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, March 21, 2026
IRC logs for Saturday, March 21, 2026
SLAPP Censorship - Part 18 Out of 200: Third Parties Funding Attacks on the Messengers, Lawsuits Against GAFAM-Critical Voices That Uphold Real National Security
Women are like kryptonite to them
Never Trust People Who Write Their Own Wikipedia Pages (Vanity Pages About Themselves) or Ask Friends to Do So. Also: Jono Bacon is Married to Microsoft.
We'd hardly be the first to point out Wikipedia isn't what it seems
No Tolerance for Attacks on Family Members
Being a Free software activist ought not lead to "collateral damage" like attacks on family members, including doxing
Sirius Open Source is Just a Zombie Firm With Shell Entities
Many companies fake their health and their size
Communities Can Only Survive When Trust Prevails
PCLinuxOS is still a vibrant and authentic community
Techrights Was Always a Community Site
The harder we're attacked, the more people participate in the site
Behind the PR Smokescreen and Microsoft-Sponsored Chaff, Microsoft Layoffs in "AI" Alleged This Month
In an age when ~1,000 simultaneous layoffs aren't enough to receive any media coverage, what can we expect remaining publishers to tell us about Microsoft layoffs in 2026?
Bluewashing at Confluent: Some Workers to Leave Within 3 Months (IBM Mass Layoffs)
Is the "era of AI" an era when none of the media will mention over 800 layoffs? [...] There's a lesson here about the state of the contemporary media, not just IBM and bluewashing
Microsoft OpenAI, Drowning in Debt and Forced to Make Significant Cuts (as Reports Reveal This Month), Does Hiring Disguised as "Takeovers" to Fake Value or Alleged Potential
Remember what happened to Skype last year
Slop Does Not Replace Art, It Contaminates Everything With Reckless Nonsense
many Computer Scientists do not want programs to get contaminated by slop
Coders Don't Just Reject 'Vibe Coding' Because They're "Luddites", They Just Know the True Cost of Slop
if some programmer says slop sucks, don't rush to assume selfishness or defence of one's occupation
When Nobody Else Covers the News
There's an obvious "media blackout" regarding the mass layoffs
Links 21/03/2026: David Botstein Dies, Slop as Censorship Apparatus
Links for the day
Links 21/03/2026: Metastablecoin Fragmentation and Crescent Moon
Links for the day
Gemini Links 21/03/2026: Historic Ada Docs; The Lurking LLM on the SmolNet
Links for the day
HSBC the Latest Failed Bank Using Slop as Excuse for Its Financial Failure
"HSBC is planning on cutting as many as 20,000 jobs in the near future as the company allies with AI revolution."
Invitation to General Assembly After 1,200 EPO Workers Participated in the Demonstration 3 Days Ago
"the strike of 19 March was also very well followed."
A/Prof Susan G Kleinmann, Enkelena Haxhija & Debian-private risk to MIT
Reprinted with permission from Daniel Pocock
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, March 20, 2026
IRC logs for Friday, March 20, 2026
SLAPP Censorship - Part 17 Out of 200: A Long Track Record of Online Abuse, Then Choosing a Low-Cost Law Firm to Muzzle People Who Have Illuminated This Abuse for Over a Decade
Censorship by targeting ISPs and webhosts isn't unprecedented
Plagiarism in "Linux" Clothing (LLM Slop in linuxiac.com, LinuxTeck.com, and linuxsecurity.com)
The net effect of those slopfarms is very negative
Links 20/03/2026: Facebook Weaponised Politically, Openwashing by LF and NVIDIA, Encyclopedia Britannica Sues Microsoft Proxy for Plagiarism
Links for the day
The EPO's Local Staff Committee Munich (LSCMN) Explains to the Administrative Council (AC) How Bad Things Have Become at Europe's Second-Largest Institution, Biggest Patent Office, and Corruption/Cocaine Hub (Jobs Sold to Friends)
We'll say a bit more tomorrow
IBM's Red Hat Diversity: Only 3 Women (Out of 11 Leaders)
For comparison's sake, the FSF is about 50% female
Symptom of Publishers Dying: They Move to Adopt Slop. Symptom of Software Companies Dying: They Move to Adopt Slop ('Vibe').
It'll always fail. It's hype. It's a bubble.
Under IBM, Red Hat Replaces Code With LLM Slop, Fedora is Slopware
Not even hiding it, those things are in plain sight
Gemini Links 20/03/2026: Depictions of Culture and The Social Smolnet
Links for the day
SimilarWeb Was Never a Reliable Yardstick for Traffic
5RB may need some "house-cleaning"
Strangulation, suffocation, Jonathan Carter & Debian toxic culture confirmed
Reprinted with permission from Daniel Pocock
Reports or Hearsay Suggest Ogilvy Broke Up With IBM and Insiders Report Mass Layoffs in "Infrastructure" (Might Impact Red Hat Entrants)
hearsay in Social Control Media
Scheduled Server Maintenance Tomorrow Night
Starting 9PM
None of the Above (NotA) & Debian snubbing Sruthi Chandran
Reprinted with permission from Daniel Pocock
Links 20/03/2026: Cryptography Pioneers Win Turing Award and BMG Sues Anthropic for Copyright Infringement
Links for the day
Even Uganda Understands That Journalists Never Belong in Prison
"Ugandan authorities must respect the spirit of this ruling and abandon any measures that seek to jail Ugandans for the free flow of ideas."
Inaction Helps Your Enemies
Without freedom, there's nothing else left
Windows Down From 99% to ~50% in Republic of Seychelles (République des Seychelles)
Windows fell by a lot
"systemd is essentially a corporate IBM/Redhat project and corporations of course will comply"
Microsoft and IBM care about users' freedom like Cheeto Lump cares about the US Constitution
Confluent Insiders: IBM Laid Over Over 800 at Confluent, Not Just 800
For the record, the layoffs at Confluent won't be over. After the bluewashing there will be "IBM RAs" impacting Confluent folks, aside from PIPs
The Layoffs at IBM Carry on (Shades of Enron)
Is IBM another Enron?
"IBM boss Arvind Krishna... financial package valued at $38 million in calendar 2025 - equivalent to the average collective pay of 765 Big Blue workers."
continues to ruin the company to enrich himself while pretending he has a strategy
Gemini Links 20/03/2026: Digital Identity Bifurcation and a "Return to Gemini"
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, March 19, 2026
IRC logs for Thursday, March 19, 2026