Oddbean new post about login | logout As we've been saying since the travel rule reared its head, the light nudging of regulatory compliance is slowly but surely degrading the privacy of users and creating a path for the incumbent exchanges to create regulatory moats. https://tftc.io/travel-rule-compliance-is-the-first-step-to-blocking-the-exits/
The standard playbook for highly indebted basketcase countries. Impose capital controls to socialize the losses as they debase their currencies. Looking forward to seeing the price premium for noncustodial “freedom bitcoin”.
Cumrocket
Marty, "If bitcoin is to succeed to its full potential the companies involved in TRUST need to grow a set of balls, draw a line in the sand and push back against these nonsensical and tyrannical regulations being pushed by the people who are currently destroying the world. " - this will not happen. No growing balls there. the only way I can see: these exchanges have to go optout = decentral. No CEO. No office, no address. No nothing, except freedom loving ppl. great article - many thx
DO NOT buy bitcoin from KYC exchanges. You're setting yourself up for a rug. nostr:nevent1qqsgq06ez5n8geyht3zqpvlqan56d006g8qrezphl48cgykqxfh5kecpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qvzqqqqqqy55l9hn
How do we know we are sending coins to a bad actor address ? We have to ask the recipient what wallet he uses ?
Been saying this is an attack vector…along with other seemingly obvious things…and trying to beat up solutions with folks here. Tagged you in one of @LynAlden‘s posts. It seems the Nostr fan boyz have their head in the sand while continuing to meme to the choir and the cool kids want to keep their status via intellectual festschrifts. Bummer.