• 02 Sep 2014 at 3:30 PM

Bitcoin Ethusiasts Of The World, Unite!

Your comrade in metaphorical arms (as opposed to the real ones he’s accused of helping sell) needs your help. Rather than go out in a blaze of courtroom glory, Bitinstant founder and former Bitcoin Foundation vice chairman Charles Shrem has decided that discretion is the better part of valor or that he’d rather live to fight another day and to see bitcoin rule the world or whatever rationalization works for you, and gone and cut a deal with the Man. Now, to ensure that whatever time he does have to spend behind bars for that charge of aiding and abetting an unlicensed money transmission, he wants everyone who cares about, well, if not truth, justice and the American way, at least sticking it to the squares or whatever to flood the mailroom of the Daniel Patrick Moynihan federal courthouse with pleas for leniency.

Mr. Shrem has remained active in bitcoin ventures since his arrest, speaking at industry events and working as a consultant. He was initially under house arrest at his parents’ home in Brooklyn, but the terms were eased in May to allow him to go out between 9 a.m. and 9 p.m. on Sundays through Thursdays, according to a court document.

He also said that he will ask members of the bitcoin community to write letters to the judge on his behalf ahead of the sentencing that is expected in the next few months.

“My life is not ending here. I’m overall happy and satisfied,” he said.

Bitcoin Advocate Charles Shrem to Plead Guilty [WSJ]

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