In an amusing twist on the "fiat vs digital" money debate, a former Federal Reserve employee who tried to fuse the two, was sentenced to 12 months’ probation and fined $5,000 for installing unauthorized software on a Fed server to connect with a bitcoin network, the Office of the Fed's Inspector General said.
According to the WSJ, Nicholas Berthaume, who worked as a network systems communications analyst at the Fed board in Washington, installed software so he could connect to an online bitcoin network to earn bitcoins, i.e. bitcoin mining, the Fed’s inspector general said. The software was in place from about March 2012 to June 2014, according to a court document. It was not clear how many thousands of a bitcoin he managed to earn this way.
“Berthaume installed unauthorized software on a Board server to connect to an online bitcoin network in order to earn bitcoins. Bitcoins are earned as compensation when users allow their systems’ computing power to be part of the structure that processes, verifies, and records bitcoin transactions."
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