As I said yesterday, samourai is just the first domino to fall. Non-KYC exchanges are next. After that, new 2025 IRS regs and form 1099-DA will seek to acquire identifying info on *every single transaction* made by *every single wallet*. This is a coordinated effort by all agencies to eliminate privacy in Bitcoin. nostr:note1l5s3k09tlhxne0qhdxjfad23c8c95nhkw6ley4gjgy0qfkupts5s64ycuy
Bisq and robustas are indeed going to be next.
I expect this to happen within days or weeks from now
Is 1099-A retroactive? Meaning: do they require people to report transactions that happened before 2025?
No, only within the reportable year. 1099-DA would go into effect for tax year 2025 so the forms would be filed as part of taxes due April 15, 2026.
But the blockchain is public already so not that private to begin with. If you want true private transactions then Bitcoin is not the way to go
The ledger is public but identifying info is not. There’s currently ways to remain anonymous if you follow the right practices. The state is attempting to eliminate all of those ways. But yes, bitcoin needs more anonymity at the protocol level to fight this.
“Full transparency! No more fractional reserve!” Also stop looking at my shit!
So they will be going after hodlhodl, robostats, peach, noones app etc?
Yes, there is nothing to stop them
Jurisdiction should help
Samourai’s server was an Iceland, it was seized. One of the devs was in Portugal, he was arrested and extradited.
FATF Member Countries
Argentina
Australia
Austria
Belgium
Brazil
Canada
China
Denmark
Finland
France
Germany
Greece
Hong Kong, China
Iceland
India
Indonesia
Ireland
Israel
Italy
Japan
Korea
Luxembourg
Malaysia
Mexico
Netherlands
New Zealand
Norway
Portugal
Russian Federation *
Saudi Arabia
Singapore
South Africa
Spain
Sweden
Switzerland
Türkiye
United Kingdom
United States
Good luck killing DEX like robosats and BISQ 😘
Robots didn’t federate until march, and I don’t think it’s even been fully launched. Bisq would be harder but I doubt there’s that many bisq seed nodes they’d need to seize.
Couple nodes behind tor is enough and unstoppable. Life always find a way 😉
How do we fight this?
Continuing to use Bitcoin, continue to use decentralized solutions such as Joinmarket and soon Joinstr for privacy, and above all courage.
Bullish #bitcoin
Bearish crypto
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