Latest Update on Lawsuit against the BitLicense in New York State.

Dear Bitcoiners,I updated the website http://bit.ly/2dPVBAt with the latest information.Now that we notified the New York State Attorney General and submitted to the courts the documents, we can share them with the community.I can say that having a Lawyer that specialize in Article 78 does help tremendously.The arguments are pretty simple; is Bitcoin a currency or a commodity? This will define whether or not it is a financial product or not.This is where the argument gets interesting.If it is a Financial Product, then did the state have the right to regulate it since since Dodd-Frank (as I understand it) the State lost the right to regulate that area.If it is a Commodity, then the NYDFS clearly overstepped its area of competence and should have gotten the mandate from the Legislature.Having analyzed the source code and the algorithm behind the consensus, I clearly and strongly believe the characteristic of Bitcoin are those of a Commodity. Bitcoin will not cease to exist because the government said so.If you want to support the cause:Start referring to bitcoin as a Crypto-Commodity. (In short, if the blockchain is controlled by a central entity, it's a Crypto-Currency and if it's shared among many users, it's a Crypto-Commodity.)Donate to the Legal fund :1EW7ESwvS3yGesSbP8G5ULsHYmy5pykeCGor http://bit.ly/2eiHnCz the website address with other peopleThanks for your support.Would an AMA session be useful ?Theo Chino via /r/Bitcoin http://bit.ly/2fzyeeH