Oddbean new post about login | logout Re: chaumian mints and regulatory uncertainty Private membership associations can help in this regard A private membership association bank does not require permission from the government and has legal protection structured with or without section 508 c1A in the US There are many legal precedents for this Is anyone working on this? I don’t see it being discussed widely amongst bitcoiners yet which makes me wonder if most just don’t know about them. I’ve been learning about them lately @BITKARROT says that there are some general bitcoin private memebership associations already, but I don’t know any of them. I’d love to get involved and help PMA = self sovereign tech = freedom tech #pma #privatemembershipassociation
I’d never even heard about this sort of thing. Send any links if you have them. I’ll also dig into it.
PMA links and thoughts: I think of these guys as legal cypherpunks. Legalpunks I guess. Some are trained unlicensed lawyers. Some of them have been doing this for a long time, made mistakes, gone to jail, learned from their mistakes and course corrected and are teaching everyone. It looks like many of them have figured out how to legally not have to pay income taxes and possibly capital gains taxes on transactions that happen inside their private memebership associations. There’s a lot to learn and do, but understanding these concepts is very empowering. Private member financial association: NOT a “bank” https://libertydollar.nl They are redoing their website right now, but this is the model that could be used around chaumian mints that may provide some more protection for everyone. They had a video on their old website where they literally said that they are competing with bitcoin General info and services to help set up pma: https://eastcoastpma.com/private-membership-association/ https://youtube.com/@thefreedomfrequencypodcast **this is a YouTube channel run by the guy who does east coast pma https://pmapower.org/pma-private-membership-association/ https://www.pmasolutions.us/ https://www.getyourpma.com/ There are lots more Playlists: https://m.youtube.com/playlist?list=PLLXaO7vW87Rxg0xZ6h_mPZl_DEWiIGcwd https://m.youtube.com/playlist?list=PLDcy9YrHy_RI9Exjdv2Ly8p6O4cd2_996
Ps - I just watched this video talking about some of the pitfalls. Eesh 😬 https://m.youtube.com/watch?v=Oy2_M7YhBOs