The US government is actively targeting crypto privacy and self-custody.

Even worse, crypto users are unwittingly playing right into their hands! 😬

This is the plan, and how they'll be able to execute if we don't do something. Bookmark this post🔖and read the whole thing, then…

The US government is actively targeting crypto privacy and self-custody.

Even worse, crypto users are unwittingly playing right into their hands! 😬

This is the plan, and how they'll be able to execute if we don't do something. Bookmark this post🔖and read the whole thing, then…

Fun fact: there was more Bitcoin in the Whirlpool (CoinJoin pool Samourai Wallet used) than in the entire Lightning Network.

Losing Whirlpool would be a bigger loss for Bitcoin than losing all of Lightning.

Yet because so few people actually use Bitcoin as money, few understand…

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Fun fact: there was more Bitcoin in the Whirlpool (CoinJoin pool Samourai Wallet used) than in the entire Lightning Network.

Losing Whirlpool would be a bigger loss for Bitcoin than losing all of Lightning.

Yet because so few people actually use Bitcoin as money, few understand…

Remember all the gloating from Bitcoin maximalists when the SEC etc. went after other cryptos?

How does it feel now?

WELCOME TO LAW

(for the record I'm super opposed to everything that's happened and will fight for your rights, even if you wouldn't fight for mine)

And just like that, another privacy feature for Bitcoin is blocking US users.

Privacy built into L1, scaling built into L1. Everything else will fail you.

Are you learning yet, anon?

Remember all the gloating from Bitcoin maximalists when the SEC etc. went after other cryptos?

How does it feel now?

WELCOME TO LAW

(for the record I'm super opposed to everything that's happened and will fight for your rights, even if you wouldn't fight for mine)

And just like that, another privacy feature for Bitcoin is blocking US users.

Privacy built into L1, scaling built into L1. Everything else will fail you.

Are you learning yet, anon?

This is really bad, but expected.

LSPs (Lightning service providers) are money transmitters, and regulators are treating them as such.

Lightning is a tool for institutional settlement, not individual sovereignty.

The sooner we learn this, the better!

Dash Podcast 214: ETHDam Recap with Andreas Rud and Sven Rossbach twitter.com/i/broadcasts/1…

HFSC

Have
Fun
Staying
Custodial

Not with us! True digital cash gives you control over your own money.

Have Fun Staying Free! ⚡️💵

My take on this announcement...

The US is clearly trying to stifle crypto, but how to do that is hindered by existing laws. Pure software, self custody apps are not money transmitters. But a sharp lawyer could make the case that someone operating infrastructure, that collects…

It's been a huge and important news week. Tons to talk about. Tune in!

Your daily reminder to not trust the government about anything.

When government was slowly confiscating wealth, building a financial surveillance state, and throwing open-source software developers in jail, what were you doing?

Just sitting there living on fiat like an animal awaiting slaughter?