I think it's actually pretty clear that almost all people are not capable of secure and reliable self-custody and would be better off with an intermediary. We're not keeping our fiat currency in a safe under our bed after all.
The treasury is expanding the Patriot Act to attack Bitcoin self custody
201–210 of 611 posts
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#202Earlier 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…
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#203I have a grad school professor that owes me $1M dollars on a bet that the Patriot Act would never end. I told him he was painfully naive and not suitable to each graduate school economics with such thinking.
Snarky comment meant in good humor.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#204Earlier quoted context omitted.
There needs to be something like the federal equivalent of a referendum. I think with that, it would be possible to get rid of the patriot act and legalize weed, both of which seem to have popular support but zero chance of majority of representatives backing because they don't want to be liable for the worst-case corner-cases in the aftermath.
We are constantly voting in primaries and general elections. We vote in federal elections every two years, state elections generally at least as frequently, though often not in federal election year. We vote for mayor and city council and insurance commissioner and Secretary of State and county commission. We don't need a referendum, we just need to choose representation that wants the same things we want. (Alternate…
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#205Earlier quoted context omitted.
Uniting and Strengthening America by Fulfilling Rights and Ensuring Effective Discipline Over Monitoring Act. It's just an acronym bro, don't get all worked up about it, now let's go down, the Two Minutes' Hate is about to start.
We're incredibly lucky the 'just an acronym' ended that way then. Had they named it the 'Joining and Reinforcing the Nation by Satisfying Liberties and Guaranteeing Efficient Control Over Surveillance' we would have ended with the JRN SLGECOS Act.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#206This article is nonsense. The guidance doesn't mention anything similar to self custody and the Patriot Act itself has expired: https://en.m.wikipedia.org/wiki/Patriot_Act It's the worst kind of clickbait, and is actual, real fake news.
Your comment is nonsense.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#207I have a grad school professor that owes me $1M dollars on a bet that the Patriot Act would never end. I told him he was painfully naive and not suitable to each graduate school economics with such thinking.
Was there concrete term limits to 'never'. Otherwise I fear you were the naive one. Snarky comment meant in good humor.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#208I think the case for why strong encryption is important is much clearer than why untraceable financial instruments are important and I don't think it's super compelling to argue that these things are actually the same, even if your opposition to government control is the same. I think it's actually pretty clear that almost all people are not capable of secure and reliable self-custody and would be better off with an…
But it shouldn't be illegal or somehow indicative of criminality.
Same thing with self custody of crypto.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#209I have a grad school professor that owes me $1M dollars on a bet that the Patriot Act would never end. I told him he was painfully naive and not suitable to each graduate school economics with such thinking.
"Never" may be falsified by "at least once", but affirmed only by "never". So I'm afraid only you could have ever been on the hook for the $1M, and may still be!
Your prof made a good bet.