Ecash federations will be deemed unlicensed money transmitters and shutdown

The past week has revealed the government’s plans for a full attack on Bitcoin. IRS form 1099 seeking identifying information on virtually all transactions, the seizing of samourai to inhibit privacy, Biden’s proposal for unrealized cap gains tax to disincentivize holding an inflation hedge, and the FBI alert today about avoiding non-KYC. All of these work in conjunction to steer people away from holding and using bitcoin and invade the privacy of anyone who does hold and use it. We are undoubtedly in the “then they fight you” stage.

As I said yesterday, samourai is just the first domino to fall. Non-KYC exchanges are next. After that, new 2025 IRS regs and form 1099-DA will seek to acquire identifying info on *every single transaction* made by *every single wallet*. This is a coordinated effort by all agencies to eliminate privacy in Bitcoin. View quoted note →

Alright folks, I’m willing to act as a mixer. Everyone send me all of your bitcoin. Once I’ve received everyone’s sats, I will send back the same amount. I promise.

Given the samourai news, I’m boosting this again. This isn’t just about the DOJ seizing servers and arresting two individuals. This is a coordinated effort by all government agencies to eliminate any privacy that remains in bitcoin transactions. View quoted note →

Happy Caleb Williams day to those who celebrate

Looks like the spammers are running out of money

Taxing unrealized gains and raising the capital gains tax aren’t being proposed so the “rich pay their fair share” or so the government can bring in more money. It’s an attempt at saving the dollar from collapsing. If unrealized gains are taxed (or the tax on a future sale is high enough), people will flee investments to hold dollars in high yield savings, which naturally raises demand for dollars. The real preposterous part about this is that the point of investing is to protect your wealth against inflation, but now if you try to do that they’re going to take more money from you via tax than value that would be lost due to inflation. Essentially, they’re trying to have the tax rate outpace inflation to incentivize holding dollars.

Standing in a crowd on your US college campus and chanting along will not end a war occurring in the Middle East.

Undercover Feds are everywhere

Wen mixer over nostr

Imagine the hammer that would’ve been dropped on Satoshi by the government if he wasn’t able to remain completely anonymous.

Wouldn’t be surprised if samurai is the first of many privacy oriented softwares to be shut down. I’d bet that non-KYC exchanges are next.

The treasury department is guilty of conspiracy to commit money laundering because they issue dollar bills that are used by criminals without KYC/AML.