It's completely real. But when I decided to go down this route, I knew, sooner or later, we'd be in a fight. Some of us will be martyrs. There already are some. We all have to be ok with it. Hopefully we don't lose too many in the fight. But there's no line where the government just calmly steps down. They will try everything just in case it stops Bitcoin. This won't stop Bitcoin. Nostr exists.

Best side effect is no crypto spam

Think the use case they had in mind was spam

I agree with a couple other comments. This to me is about buffering the scammy companies preying on vulnerable people... This industry is so full of nefarious people waiting to rob vulnerable people with out recourse. Any effort to cut this down is worthwhile IMO even if it marginally hampers legit biz.

I get where you're coming from though. I've just worked pro-bono (and "pre-bono" lol) helping people who have or were about to get robbed (scammed, rugged etc). It's not as simple as DYOR. Bad or shady actors should be shut down or buffered.

Agree

Sorry guys, that’s my bad

So bitcoin companies can’t do anti-fraud or security checks because of a dumb carrier policy is good for bitcoin? Come on, grow up.

So phone carriers should block an entire industry because it has some bad actors in it? I guarantee you the bad actors will just register as another industry and get by, but friends of mine running a Bitcoin company have already had their account shut off.

yes its good for bitcoin. Promotes self custody and companies building self custodial solutions. SMS should never be used for security anyway. Not when numbers can be hijacked. So email with the same level of security works too. But 2FA should use RFC6238 TOTP methods instead.

WTF is twilio...? lol

Sorry you can’t buy bitcoin 🤦‍♂️

The service ~every company uses to send text messages to their customers. Their competition have all instituted similar policies.

Respectfully, if we go back through time in this "industry", how many of the companies involved resulted in robbery, theft, pump and dumps, scams or insolvencies? How many are long standing and reputable? (I know lots of industries have mixed records of reputability and consumer protection etc...) But still. Pick a number for each as a %. Imagine we could get the accurate data on this. It's staggeringly slanted. Imagine how many people, and $ was illicitly stolen. Billions? It's why I can't send emails at work with the word "Bitcoin" or "crypto" in it. They get filtered out. Making it so hard to legitimize education about it. The nefarious avenues and actors delegitimize the whole thing. Remember, the outsider pleb doesn't know the intricacies to it. To them, it's all the same and it all get painted with the same brush. I don't want honest actors to be punished. But this has to get cleaned up. I detest regulation usually and don't like central powers making laws restricting honest XYZ business. But how does this get cleaned up? How does this heal? If some legit business have to exist in strict corridors for this to happen, I'm for it. I'm not stuck on this opinion but I'm tired of grifters and scamers controlling the narrative about "Bitcoin" and "Crypto".

I don’t think we disagree there’s lots of garbage, even by %, I don’t even think a “crypto” person would disagree with you. But my point above stands - the actual scammers will just lie, slip through the cracks, and get by. The business even attempting to be legitimate are the ones who get punished.

Yeah. Perhaps is the idea of Web5 we're all moving towards is that if it's FOSS and all transparent then less people can get hurt, as it's open and obvious. You can verify. So trust-chain style of reputations will be worth a lot opposed to blind trust. Digging deeper, I think the generational divide works against us too. Anyone over 30 didn't grow up natively with the internet and vulnerability en mass scales up from there. Local tribe leaders in the fediverse might be sorely needed too to lead and help those around them. Deep thoughts.

I don't know about you guys, but I need more SHAFT use cases in my life.

Does anyone know if this affects 2fa or verification codes?

At least on the Aws competitor they’re explicit that it does, yes.

To be clear this also impacts *student loans* and all kinds of shit, it’s not Bitcoin specific, but still nuts!

So many companies use this. I work in logistics and our platform (and every platform I know and have used for real time dispatching) uses twilio for sms processing.

They’ve basically cornered the market on sending SMS.

It’s getting more and more restrictive… I’m guessing we’re slowing entering into the real “then they fight you” phase. The next couple of years will be interesting.

hey, it's better to 2fa without a phone, cause no simswap.

No need to buy or sell Bitcoin when you can earn and spend it without any central authority.