Replies (30)

L0la L33tz's avatar
L0la L33tz L0laL33tz@cashu.me 10 months ago
Economists at the Bank of International Settlements just proposed that *any coin* that has *ever* passed through a no-KYC wallet should be banned from regulated services. The economists argue that their approach would enable a culture of self-policing, or “duty of care,” in which even users of non-custodial wallets would not accept no-KYC coins, report illicit activity, and engage in voluntary KYC. image View quoted note →
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berean jones's avatar
berean jones berean@nostrplebs.com 10 months ago
Making it harder to get their hands on those last few bitcoin, just about the point that they'll be scrambling to acquire them, at around $100,000,000 per coin.
kyle-moore's avatar
kyle-moore 10 months ago
they don't like monero because it doesn't fit the mold for this strategy
Kaizen's avatar
Kaizen 10 months ago
This “culture of self policing” reminds me when Larry Fink said his aim is to force behaviors on society
El Guirri's avatar
El Guirri 10 months ago
Wonder if zelenskys laundered American and European taxpayer money is KYC 🤔
Henry's avatar
Henry 10 months ago
A wunch of bankers
El Guirri's avatar
El Guirri 10 months ago
Excellent payment rails. I wonder if their transactions costs are as high as my 45 buck today to get some fiat shite in to my account in Costa Rica. Obviously had to be a low ish amount too as I have restrictions but then I have to earn it rather than print it. What a wonderful system. I love it personally
hoppe2's avatar
hoppe2 10 months ago
Personally, I think things like this will help accelerate peer-to-peer payments even further, so I feel like if someone wants to try it, they should just go for it. If it were something that could simply be blocked because someone didn't like it, I wouldn't have supported Bitcoin in the first place.
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inactive 10 months ago
I watched a video fom #BitcoinHotel in german about this already. so strange but they want to contol everything #freedom #bitcoin
ƧΛПDЯӨ - The ₿ITCOIN guy's avatar
ƧΛПDЯӨ - The ₿ITCOIN guy sandro@primal.net 10 months ago
Self-KYC for non-custodial wallets – as if money suddenly needs a passport. They still don’t get it: Bitcoin won’t be traded against fiat in the future. It’s already money and will serve as the most trusted payment rail of the coming decades. Luckily, KYC fantasies are biodegradable. #Bitcoin #BTC #FreedomMoney image View quoted note →
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npub16uk6...s5yu 10 months ago
Nobody likes monero becuase a 300m market cap Qbuic coin can topple a 6b market cap coin lolz. RIP monero.
kyle-moore's avatar
kyle-moore 10 months ago
I have no allegiances and this is bitcoin maxi slop. monero is still here working and will continue to be.
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npub16uk6...s5yu 10 months ago
A portfolio without diversification is ignorance at its finest. But multiple double spends and 60 orphaned blocks says otherwise. It's okay we'll be saying RIP to doge next.
kyle-moore's avatar
kyle-moore 10 months ago
there have been no double spends and the orphaned blocks are irrelevant to anyone using the network. you sound like you just came from wallstreetbets
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