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The treasury is expanding the Patriot Act to attack Bitcoin self custody

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Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#191

Post by user34283 »

drumhead wrote: post #164

Considering how they're clamping down on anonymity wherever they can, crypto wasnt going to escape their clutches for very long. How long before its seperated from it original aim and just turned into a gambling token.

> How long before its seperated from it original aim and just turned into a gambling token

Always has been.

I mean it was useful for online gaming related transactions, like 15 years ago.

Ever since it has become a more obvious scam with every passing year.

Today you can barely post about it on most major platforms without immediately spawning multiple spam comments trying to part you from your money.

Real value crypto adds to the economy: ~0.

Once this scam inevitable comes crashing down, it will probably take the stock market with it. And all for nothing but the enrichment of early crypto adopters.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#192

Post by ActorNightly »

Mistletoe wrote: post #13

Maybe in 2028 a presidential candidate can run with removing the Patriot Act as one of their campaign points. I suspect the world will be very different then. The America I knew, remembered, and loved started dying with the passage of the Patriot Act.

[flagged]

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#193

Post by rocqua »

bilsbie wrote: post #127

I always wonder why monero isn’t more popular?

On- and off- ramps suck. And there isn't much speculative value. So it misses the main 'use case' of crypto.

Its by far the best crypto-currency for making payments. But people care very little about making payments with crypto, and exchanging between Fiat and Monero is very difficult, so its not an easy payment system either.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#195

Post by moi2388 »

LightBug1 wrote: post #82
moi2388 wrote: post #62

Earlier quoted context omitted.

[flagged]

Just !

Want to bet 10k? You’re literally making claims without any basis. He left last time, he will leave again, if he even makes it to the end of his term

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#196

Post by ActorNightly »

blindriver wrote: post #81
conception wrote: post #22

Earlier quoted context omitted.

Can you imagine the world today if Bernie had won?

He was sabotaged by the DNC. Even Elizabeth Warren said that the nomination process was rigged by the DNC. Absolute corruption and the world would absolutely be a different place. But his support of ratcheting up the Ukraine war disappointed profoundly. That’s not the Bernie I would have voted for.

That has been disproven. He ran again in primaries during 2020 and did horribly there. The progressives are just not popular, and they don't really do much to work with the rest of the Democrats. Unlike Republicans, where the party forerunner basically gets unilateral support from everyone Republican including those he personally insulted or harmed.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#197

Post by palmfacehn »

user34283 wrote: post #136
thrance wrote: post #108

Earlier quoted context omitted.

If Monero ever came close to Bitcoin's popularity, it would be outlawed. Plain as that. You can't get freedom through technology.

Freedom here means transacting without: -- anti-money laundering safeguards sanctions enforcement consumer protection tax enforcement fraud prevention systems -- It is very true that technology won't get you this freedom from sensible legal requirements we impose on financial transactions. That's obviously a good thing, but I guess people who are in crypto would disagree.

[flagged]

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#199

Post by rocqua »

johnwheeler wrote: post #137

Well, hopefully this will help prevent Bitcoin's biggest use case, which is criminal finance and money laundering. Why wouldn’t we want that?

For very similar reasons why the US has the 5th amendment, why blanket surveillance is not considered a good thing by functioning democracies, and why most people want their porn-viewing habits to remain private.

There are plenty of bad things that need to be prevented, but a functioning democracy requires the ability to act outside the surveillance of both your peers, and the currently sitting government.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#200

Post by anthem2025 »

komali2 wrote: post #160
jordanb wrote: post #83

Earlier quoted context omitted.

Whenever leftists say that "Trump is a symptom of an illness that has been metastasizing for a long time" this is what we mean.

My big ask is, was it always this stupid? Like, all these huge historical events and figures, did it all go down as stupidly and clownishly as the modern USA? Was there an early 20th century fascist Europe equivalent to a man named Big Balls being beat up by children and a fascist police action being triggered as a result? Was there a Napeolonic era equivalent to a media figure known for making light of school shooti…

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