This would basically render self sovereign bitcoin illegal but hey, at least we’d have the Strategic Bitcoin Reserve! 😠

Wish it was that simple but the political criminals are much more responsible for the disruption of peace for the average person then the violent criminals are.

This was hinted at, but Luke is also the reason why we avoided a hardfork with segwit. He figured out how to make it a soft fork.

Anyone with a brain knew to not trust a politician. For me, it’s all the big influencers and companies in the industry who have a platform but then have a complete and utter lack of a spine when it comes to standing up against this type of thing and anything adjacent to AML/KYC.

This inevitable behavior is why Bitcoin was invented in the first place.

Sorry but this is a load of bullshit and insulting to people who have been caught up in this stuff like Ross. The cypherpunks would have used encryption regardless but they purposely brought the fight to the government so schmucks like me and you could get a modicum of privacy without having to be political dissidents.

Try making that argument about taxes. They don’t need man power when they can use AI to analyze large swathes of data in seconds. And nowadays it takes a phone call to turn off your bank account. You are underestimating the drive of the government to suck you dry of every last dollar

But guns and cops and prisons are real. And those things will continue to be threats as long as there is terrible privacy within bitcoin

This is an emergency and we need to establish rights to self custody, privacy and revision of AML laws instead of focusing any more attention on the bullshit strategic reserve. If there is any ounce of truth to the current white house being “friendly” to bitcoin then we have to stop wasting our political capital immediately.