They have completely lost their minds, but not unexpected. An ETF probably comes soon, but there is still plenty of the "Then they fight you" to traverse. 

 Luckily we're at the point now where the technology is going to outpace any regulations or enforcement fincen can spin up. We're already ten steps ahead of them.  

 I know many bitcoiners oppose the ETF. When stuff like this happens I sure would like to have Blackrock knocking on their door pointing out this is impossible to comply with instead of a bunch of random plebs they were looking for an excuse to lock up anyway.  

 Interesting point. Deep pockets do lobby well. 

 Can we move to jurisdictions that will allow?

Will they be able to choke 1m ppl? 

 We will be going through 4 phases of war against the State.

All of this can be derived/predicted from the whitepaper.

This is merely one of the first shots being fired in the criminalization phase. They will be coming after Bitcoin companies next.


https://youtu.be/X_xgmVLyB94?si=uD65kHlrjTydJzeM 

 What can be done to stop it? Is anything being done? 

 The Bitcoin Policy Institute it working on this. 

 I'm mostly thinking: Fuck 'em.

We're actively building a system outside of theirs and their control.  Let them make whatever rules they want.  I think we know where this is ultimately headed.  Let them make criminals of millions see what happens.  The optics will be terrible.  We need to keep saying 'no' and disobey. 

 If you're not engaged in criminal transactions then does it really matter? 

 They are coming after noncustodial wallets.  

 LOL fuck that. I won't follow that rule or anything like it.  

 Decentralized exchanges like RoboSats or Bisq will become even more important and useful. 

 It’s bad not only because it’s about privacy but It also about the control or hampering down lightning network that gives bitcoin the upper edges in payment system when competing with Fiat system.

The purpose of Bitcoin existence is to dethrone the corrupt global Fiat regime. It’s not easy task and the attack is expected. 

Fiat WILL die but not before it a fight back. Bitcoin will rise but not before it survive the brutal attack.

This might be the time we stop feeling surprised about these attacks and just say “Bring it on! What next?”