Bitcoiners tell other Bitcoiners about Monero. Else they are shitty Bitcoiners.

The South African National Treasury has proposed Draft Capital Flow Management Regulations that threaten financial freedom and property rights. While the potential impact on Bitcoin adoption is severe, these regulations are far broader and grant the state sweeping powers over personal assets. Key threats include: * Forced Liquidation: Granting the state power to compel the sale of not only crypto assets, but also foreign currency, gold, and securities. * Banning Self-Custody: Making it illegal to hold or transact with your own assets outside of state-approved channels. * Outlawing Peer-to-Peer Transactions: Effectively destroying circular economies and private commerce. * Arbitrary Power: Giving the Minister unilateral power to set legal thresholds without parliamentary oversight. A coordinated effort headed by Bitcoiners is underway to oppose these regulations:

Property Rights Defense Group

Property Rights Defense Group

South Africa's draft Capital Flow Management Regulations threaten your constitutional property rights. Warrantless search, forced key disclosure, s...

We're a part of this effort, which is spearheaded by organizers from @Adopting Bitcoin Cape Town. The Treasury initially published two different dates - May 18th and June 10th - creating uncertainty about the true cutoff point for public comment. This was clarified by a recent media statement, published this week, which extended the deadline to 30 June, and, if you read between the lines, also seemed to indicate that public pressure is already working. These regulations, if passed, will affect many South Africans who hold any form of foreign asset, not just those who use Bitcoin. Given the profound implications for property rights and financial sovereignty, it is crusial that we keep up the public pressure. Thanks to @ODELL for having us on to talk about it, alongside, Carel, from @MoneyBadger. If you can afford to donate and support the effort (for a possible legal fight against the government) please do so. Otherwise, simply following and spreading awareness of this helps keep up the pressure and maybe force further extension or, best case, a complete withdrawal.

Property Rights Defense Group

Property Rights Defense Group

South Africa's draft Capital Flow Management Regulations threaten your constitutional property rights. Warrantless search, forced key disclosure, s...

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On matters like this, the SA government takes its cues from bodies like the EU, WEF, BIS, etc.

south africans are attacking their fellow africans due to xenophobia, im not surprised they are attacking bitcoin. anything foreign i guess

I'm partway through the episode. So maddening. Not just the proposal details, but the absurdity of a few people thinking it's their job to decide what their fellow humans are "allowed" to do. Insane. Thanks, Matt, and good luck @BitcoinEkasi @MoneyBadger

"The really scary thing about this paper Bitcoin phenomenon is that the Bitcoin community is very divided. (--) Michael Saylor is telling people to buy tokenized STRC on Solana." - Odell What does Saylor have to do so that people stop calling him a Bitcoiner? This is a real question. I am not trying to be funny. If Saylor is a Bitcoiner, why Larry Fink is not?