Him tooo?


Keep calm and HODL #Bitcoin.

Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down.

Samourai

You have to unpack all of the different elements. Could this be a state attack on self-custody and privacy? Maybe. Probably not.

There are a few components here that need to be evaluated on their own.

1⃣ Samourai was a self-custodial wallet
2⃣ Samourai was a mixer
3⃣ Samourai was providing normal people with privacy
4⃣ Samourai were knowingly marketing the service to criminals and flaunting that fact

Reading the charges, it seems like #4 is pretty cut and dry for this case. Their getting arrested for #4, doesn't automatically mean #1, #2, #3 are under siege as well. If Samourai was a taco stand laundering money and bragging about it, I'm sure they would be taken down too.

They may be accused of running a money transmitter now, but that may or may not stick. We'll find out in the trial.

All that said, we should always be vigilant to attempts to erode privacy and the ability to self-custody. It just does not seem that this fight is *that* fight.

FBI PSA

Seems pretty normal that the FBI would advise people to use compliant services, and the entire announcement seems to revolve around potential disruptions due to Samourai being taken down, and potentially others in the future. Given they took action, they have to post some bulletin about it.

Remember that when people lose funds or have funds stolen from them, they do go to the FBI for help. From their point of view, the best thing for people to do is use compliant services where they can potentially help.

The announcement concludes saying that services that purposely break the law will be investigated - so again we go back to #4 above. This is nothing new, and self-custody is not being criminalized.

Phoenix Leaving

As nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m said, it's feels completely unnecessary. Phoenix obviously is not a MSB and they are not doing anything illegal. In my view, their exit from the US app stores is a complete overreaction.

Keep Calm

Could "they" come after wallets, developers, mixers, nodes, LSPs, sidechains, eCash, VPNs, encryption, etc? It's totally possible. But if you're not breaking the law, you have nothing to worry about.

To my knowledge, there is still rule of law in the US, property rights are still protected, and privacy is enshrined in the Bill of Rights (nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu).

It would be very difficult to change the law or stretch it to incriminate these things because it's all just information and software, which is speech. Some will try. But as they are trying, #Bitcoin is becoming more and more mainstream and integral to the world's financial system.

#Bitcoin is freedom technology and it will continue on.

Go outside this weekend and think about why you're here.


Shows you are on the right path


I have a feeling, you have a feeling:)


The majority of people have a strong tendency to want to be part of something that is bigger than themselves. It is why they not just get up in the morning, but why they are *energized* to get up in the morning.

Clans and religions were among the earliest bigger things. People know that they will die, and so they invest into their descendants, honor their ancestors, and contemplate metaphysics and the nature of life. Many people will willingly sacrifice themselves for their children or for their highest ideals because of this.

In the modern era of printing presses and telecommunication systems, there is also a broader set of choices for people to group together around, either combined with those other ones or sometimes instead of them. Sometimes they choose nationalism. Sometimes they fight for a political ideology that transcends borders. Sometimes it is a professional guild or professional recognition. Sometimes it is the environment. Right or left or anywhere in between, you can often tell what someone adheres to as their highest ideal.

A powerful exercise is to 1) identify what you feel a part of in the bigger sense (it could be a few things) and 2) whenever someone’s behavior confuses you, stop and think about what they likely feel a part of in a bigger sense, if anything. You might feel that what they associate with is fucking retarded, but if you can at least identify it, then that is the first step toward successful communication and debate and rebuttal.

Using myself as an example, my professional experience is in a combination of engineering and finance. Separately, my ethical philosophy is grounded in virtue ethics (that’s a whole other longwinded topic), and as a result, what I feel a part of in a bigger sense is various social movements and protocols that utilize technology to bring financial autonomy to people. That’s where I put my time and capital toward.

Successful commerce involves the combination of value and communication. Therefore, I want people to be able to communicate freely and transfer value freely. As such, I strongly associate with the leading technologies in those fields, such as Bitcoin and Nostr.

If I thought they were weak, I would sympathize with them but not invest in them or have much hope for them. That was my view for a while. But if I view them as technically capable and achieving of network effects, then my rationality combines with my sympathy and becomes full support.

I don’t care what peoples’ race, sex, orientation, ethnicity, or nationality is. Instead, what I care about is doing whatever tiny part I can to bring technologies to people that allow them to transfer value and information to others, or to educate people on those technologies, etc. That is where my time and capital is focused on. Outside of family, that is what makes me energized in the morning to work toward.

What is yours?