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$100 Bills Turned into Bitcoin Paper Wallets 18 Jul 2016, midnight

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Originally posted o 16 Apr 2016 by

$100 Bills Turned into Bitcoin Paper Wallets by a Bitcoiner

Bitcoiners have the tendency of rebellion. Above everything else, they champion Bitcoins decentralized nature and how it cannot be controlled by any central bank or by other centralized entities. They can carry aversion to the banks – public or private – and governments. This explains some of the images that recently appeared on Internet. Creative additions made to photographed $100 bills can cost the defacer her or his freedom. But this did not stop maxfieldo, a Redditor.

He purchased the set of ten on eBay and he calls it, “uncirculated & sequential.” The ending of the serials is in 01-10. These bills got printed in the year 2009. This is the same year in which the genesis block of Bitcoin was mined. These were the first Bitcoins. The Bitcoiner bartered these bills on Reddit for other objects related to Bitcoin. 8 bills of $100 were posted. Each bill said that the note holds .23 bitcoins that is equivalent of $100USD on the 3rd January 2016 – that is the seventh anniversary of Bitcoin Blockchain.

Although some of the threads on Internet maintain that it’s legal to destroy money, those who really do this in the real life can face the criminal charges. Often the misunderstanding centers around the penny souvenir machines. In these machines the coins are mutilated in order to commemorate a location or an event.

According to legal code (18 USC §333) If anyone mutilates, disfigures, perforates, cuts defaces, cements together, unites or does any other thing to the bank bills, drafts, notes or other evidences of the debt that is issued by the national banking association or the Federal Reserve Bank, or the Federal Reserve System, with the intent of rendering the bank bills, drafts, notes or other evidences of debt unfit to be re-issued, can be fined or/and can be sent to prison for more than 6 months.

The United States Bureau of Engraving & Printing – also known as “The Money Factory” – does not want the people to destroy the US currency. Despite that, it is a common practice to destroy money. And it is most notable when people commemorate the coins – these are often the pennies – at the Disneyland or fair, swapping out Lincoln engravings upon a circle for popular keepsakes having oval shape.

It is demonstrated by two cases of the United States Supreme Court that destroying money can be form of protected free speech. The cases were Texas vs. Johnson (1989 – 491 US 387) and the US vs. Eichman (1990 – 496 US 310). It was ruled by the Supreme Court in both the cases that federal government cannot prosecute a person for desecrating the United States Flag. And indeed, many people refer to Bitcoin as free speech, instead of money.



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