Russo's avatar
Russo 4 months ago
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero

Replies (16)

Russo's avatar
Russo 4 months ago
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Russo's avatar
Russo 4 months ago
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Russo's avatar
Russo 4 months ago
You asked to be stealed, you praised for it! Now eat your own venon! #meme #bitcoin #monero #nostr image
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Russo's avatar
Russo 4 months ago
I jump out already, i couldn sleep well knowing that all the Non KYC BTC that accumulated all these years now worth nothing!
1 replies ↓
moonsettler's avatar
moonsettler moonsettler@iris.to 4 months ago
i find myself rooting for bitcoin to end up "quantum roadkill", as someone eloquently put it. the community is retarded beyond belief. it's almost all rotten corrupt insane clown world bullshit. even tho i'm basically over 100% in it would still bring me immense joy to see them get rekt. enough to soothe the pain. there are a few good people still in bitcoin for sure. some stubbornly trying to build freedom tech with the crippled pieces they have. i only feel bad for them.
1 replies ↓
Russo's avatar
Russo 4 months ago
Only on dark markets, but you will be at very risk of being catched
Russo's avatar
Russo 4 months ago
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Russo's avatar
Russo 4 months ago
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Russo's avatar
Russo 4 months ago
Russo's avatar Russo
## Bitcoin Reserve: How govs will steal from you to build the reserves? The evolving landscape of Bitcoin is increasingly influenced by state-level tracking and regulatory frameworks. As governments develop systems to monitor and control Bitcoin transactions, the implications for users and the market are profound. ### The Trackability of Bitcoin at State Level Bitcoin operates on a public ledger, making it **pseudonymous**. While individual users can maintain privacy through various techniques, state-level entities can effectively track transactions. - **Chain Analytics**: Firms and government agencies can analyze transaction flows and link them to real-world identities, especially when users interact with regulated services. - **Revelio Insights**: The Revelio paper illustrates how network-level observations on ligthning network can reveal custodial holdings and flows, enabling state-level attribution. ### The Custodial vs. Non-Custodial Wallet System A new regulatory framework is emerging that distinguishes between custodial and non-custodial wallets: - **KYC/AML Compliance**: Regulators will require that wallets and custodians interoperate only through channels that enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. - **Isolation of Non-Compliant Wallets**: Wallets that do not comply will be unable to transact with regulated entities, effectively isolating them from the broader financial ecosystem. ### The Mechanics of Blocking and Seizing Funds States are developing mechanisms to control Bitcoin transactions, which could lead to the seizure of funds: - **Transaction Failures**: When a user attempts to make a purchase, if the transaction fails compliance checks (e.g., BIS), the funds are blocked. - **Government-Controlled Reserves**: Blocked funds will be redirected to a government-controlled Bitcoin reserve, effectively allowing states to seize assets under the guise of regulatory compliance. ### Market Implications for Users The implications of these developments for users are significant: - **Reduced Autonomy**: Users relying on regulated exchanges and custodial wallets will find their assets increasingly linkable and subject to seizure. - **Increased Friction**: The need to comply with KYC/AML regulations will create barriers for users, limiting their ability to transact freely. ### Last but not least The combination of state-level tracking and a bifurcated wallet system creates a plausible pathway for governments to seize Bitcoin. As compliance becomes a requirement for interoperability, users must navigate a landscape where their assets are at risk of being redirected to government reserves. This shift fundamentally alters the original vision of Bitcoin as a decentralized currency, raising critical questions about user autonomy and financial freedom. #bitcoin #nostr #grownostr #monero
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Jack K's avatar
Jack K jackkluz@primal.net 4 months ago
No I’m not saying that lol. I’m just saying nobody is prepared for a world (including Bitcoiners) where Bitcoin is recognized as THE quantum computer. Nobody is prepared for the consequences of Bitcoin disproving the theory underlying centralized quantum computing.
1 replies ↓
Jack K's avatar
Jack K jackkluz@primal.net 4 months ago
😂 Exactly. Show me anywhere else besides Bitcoin where a quantum of entropy resolves into a conserved quantum of structure whose byproduct is a quantum of time. I’ll be waiting.
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