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


don't TRUST
nostr:note1sql4j9fxw3jfwhzyqze7pm8f567l5swq8jyr0l20ssfvqvn0fdnsfl3fqh


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


Agreed. Btw something of with that sites donation channels. Couldn't get through with breeze or phoenix. Muuns 🤷 solution worked


Your podcast with Ej Antoni was so informative.  That guy is brilliant!!  Thanks for bringing excellent content.


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 nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a‘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.


And how do you get any significant amount of capital into your no-KYC method of purchase.there is no way. It’s all KYCd my friend unless you were mining early.


GM


Well done Marty.... you dotted the Is and cross the Ts.