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Ahem those are #2 and #3 behind "talking to disinterested people about it".
The treasury is expanding the Patriot Act to attack Bitcoin self custody
121–130 of 611 posts
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#122Earlier quoted context omitted.
it's another $5 wrench situation
The solution is to store your money on a wallet where you do not have the private key. This way if you cannot access your funds nobody will be able to coerce you.
What 5 dollar wrench wielder is going to believe that, even when it's true?
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#123Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#124Bitcoin maximalists are learning that having a non-fungible and fully traceable ledger might be a problem. Even Satoshi called this out! As is, BTC is somewhat of a privacy nightmare. All of your transactions are on the public ledger for anyone with basic knowledge of statistics to correlate and see all of your transactions. Blockchain Analytics is big business! All the things the Treasury is considering to be "suspi…
That assumes Bitcoin maximalists ultimately see it as a means of transaction. The ones I come across in the wild are purely maximalists for speculative purposes and couldn’t care less about the “practical” use cases for it.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#125The headline is not supported by the article. The actual list of "suspicious activities" in the article is about pooling, structuring, delaying transactions -- the stuff you do to hide activity, whether for good or bad. It says nothing whatsoever about self-custody. The author makes the imaginary leap because they say they personally recommend doing all those things with self-custody. But they're totally separate thi…
That is an attack on self-custody. If you hold Bitcoin you now have an elevated risk of being picked up in some dragnet and suffering random consequences in unrelated parts of the financial system for reasons that you don't understand. If Bitcoin holders weren't alerted by articles like this, there is actually a pretty reasonable chance that they go in, experiment with Bitcoin and trip off a surveillance system as being "suspicious".
It is unlikely that we know what the penalties for suspicious transactions are in the US legal system. That seems like a matter that should have come before FISA Court at some point so we won't see public records of what the case law is. Even if it hasn't the actual workings of the financial control the US exercises aren't exactly secret but they also aren't exactly easy to follow.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#126Find a way that is costs trump money or prevents him from making money, and this stuff will vanish instantly.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#127I always wonder why monero isn’t more popular?
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#128Earlier quoted context omitted.
This has been a growing feeling for me too, seeing many users on various platforms go from mocking the murders of non-white people to claiming that their political opposition is hateful due to recent events. I used to think that being accepted in society was just a matter of integrating culturally (which I thought was fair), but the way people have been emboldened to say the most awful things has been changing my min…
I mean, we have to be practical in our condemnation. I feel we had that somewhere around the 2010s, where we accepted that you can’t change a racist 80 year old. Fine, I think America accepted that. But how the living fuck did that prior generation PASS ON the racism (and it’s way more than that, misogyny, economic selfishness, or wholesale disconnect in their economics to the point they don’t even vote for their eco…
Younger generations are probably more racist than their parents but not their grandparents. There are a lot of reasons this probably happened, and it wasn't something done to infants, but transpired over the last 10-15 years.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#129[flagged]
It would also be delusional to think crypto-bros will give up their self-determination to the nation-state.
It's really not. 100% of the time the nation state is winning that battle, as evidence by literally all of human history. Crypto-bros make up a fraction of a fraction of the population and most people don't have sympathy for any of them when the primary use cases of crypto today are extortion and black markets in the western world.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#130Earlier quoted context omitted.
This has been a growing feeling for me too, seeing many users on various platforms go from mocking the murders of non-white people to claiming that their political opposition is hateful due to recent events. I used to think that being accepted in society was just a matter of integrating culturally (which I thought was fair), but the way people have been emboldened to say the most awful things has been changing my min…
I mean, we have to be practical in our condemnation. I feel we had that somewhere around the 2010s, where we accepted that you can’t change a racist 80 year old. Fine, I think America accepted that. But how the living fuck did that prior generation PASS ON the racism (and it’s way more than that, misogyny, economic selfishness, or wholesale disconnect in their economics to the point they don’t even vote for their eco…
Yeah, that's the thing. Even if the Trump presidency ends and the next guy somehow actually undoes all the political damage (unlikely), how does the country recover from the social consequences? It won't happen within a generation.