Marty Bent's avatar
Marty Bent marty@primal.net 3 months ago
FinCen and the Treasury are expanding the Patriot Act to attack bitcoin self-custody and privacy. We shouldn't live in a world where standards cater to the lowest common denominator and make things worse for the overwhelming majority of the population. View article →

Replies (27)

samuel's avatar
samuel _@bitcoinstr.us 3 months ago
I don’t understand. A. Is this a rules change? Or B. Is this a new bill to become a law? A is scary, B is a nothing burger/wont happen
Aldocstr's avatar
Aldocstr 3 months ago
This is good news, we do not want TRUMP coiners being sovereign and stashing their secured wealth, hiding their FART coins with airgassed wallets. Now the authorities will be on them to end these illegal acts protecting all of us
samuel's avatar
samuel _@bitcoinstr.us 3 months ago
Or a yacht 11 miles past the continental shelf… international waters. But I think the boat is subject to the jurisdiction of the flag it flies. Portugal is a subject of the eu and can’t violate the laws. Try this: Live on a boat docked in Miami with a cayman island flag. Not sure what cayman citizenship costs…. But unless you relinquish US citizenship you are still subject to us code. There may be better places to doc your cayman boat like the Bahamas, Isle of Man, or Guernsey
1 replies ↓
TallBrian's avatar
TallBrian TallBrian@primal.net 3 months ago
Alright that’s it. We need to organize as a voting block and make it clear that anyone who promotes or even permits shit like this in the government will be removed. End the patriot act End the bank secrecy act End KYC/AML
1 replies ↓
samuel's avatar
samuel _@bitcoinstr.us 3 months ago
Yes well I am with you…. There are no sovereign individuals… Kings like wars not plebs. But kings make plebs fight wars against other plebs and at the end of the day the kings don’t really care… Go Galt or join the borg
El Dorado's avatar
El Dorado eldorado@primal.net 3 months ago
People who say Bitcoin is the Trojan horse to government and tradfi are dead wrong. At this rate, it is bitcoin that is being captured and neutered. There is a great need to develop bitcoin economy or privacy updates.
Benking's avatar
Benking 3 months ago
This move highlights the increasing pressure on individual financial sovereignty and user privacy. Expanding the Patriot Act to target Bitcoin self-custody not only undermines financial freedom but also reduces the efficiency and scalability of the Bitcoin ecosystem. Setting standards that cater to the ‘lowest common denominator’ disrupts the experience for professional users and the vast majority of the community. Preserving privacy tools and independence is critical for widespread Bitcoin adoption.
Default avatar
nobody 3 months ago
Trumptards fell for ZogbotDon.
Mentat's avatar
Mentat 3 months ago
Thank you for sharing this, it really clarified my understanding of this particular topic. It also helps mitigate FUD. Should be a must read, and pinned at the top of the original post.
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