fuck this dystopia
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Replies (135)
They’re trying to ban math again.
yeah... most unfortunate.
Agreed, but they are explicitly telling you how to bypass this
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Supernodes under attack..
What means bitcoin mixing?
#wtf #fuckem
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Prime Trust cucks
i struggle to understand why people would use swan bitcoin or any other company. was not the purpose of bitcoin to remove the middleman ?
What? 90% + of people buy BTC trough a company
At least Sean got that cool
Basketball court instead of focusing on building a custody solution. Good for them
As long as you withdraw it from the company I don’t see the issue .
*swan
We run into points of failure with large centralized exchanges, even ones that we deem more favorable to our community. It is important to increase our networking in a decentralized way, exchanging cash, bitcoin and other goods and services peer to peer. It should get to the point where we should be able to go to certain places like starbucks and just ask out loud if anyone is buying, selling bitcoin, transact and move on. Get networking people.
You guys are missing the point: you want a usd to btc exchange, swan does that. In order to do that they need to comply with tyrannical edicts of the us government.
This isn't something they want to do , they even tell you how to avoid it in BOLD ... E.g. the words "directly to/from". Use mixer, send to intermediate address, then send to swan.
They even put it in bold.
This is not a case of good or bad actors, if it has CEO they will comply with law if they want to continue..
Are miners required to collect KYC on who they sell bitcoin to in the U.S. If they don’t have too is there a way to connect miners directly to users in nostr and circumvent the exchanges?
I suppose we could connect nostr users to miners in other jurisdictions that don’t have KYC requirements?
@Trey
The "withdrawing directly to" mixing services language means that people will get their accounts banned for using Swan to pay people who happen to be using coinjoin wallets. Swan is pretty cowardly for banning that.
I personally know that some of my clients use Wasabi because I've gotten paid from Wasabi conjoins multiple times. I've also paid directly to a Wasabi coinjoin multiple times when I've refunded funds to clients too (eg deposits to pre-pay expenses that weren't needed in the end).
If they didn't want to do it, why have they done it? Its not in law yet. They are cunts
Nah, laws are unclear. They should have pushed back on the interpretation, in particular, the part about withdrawing to mixing services is really bad as it means sending funds from Swan to others is risky.
Their banking relationship likely told them it was a condition they had to abide by.
So?
No kyc for the win
So no obey, no business. Some times you just gotta hold your nose and swim through the shit. This is a long term fight, there's going to be much greater hurdles than this to over come.
Doesn't seem like it's a matter of Swan complying or not complying with laws. The problem is that they have banking partners. That's the weak link. Swan can only be as freedom-maximalist as their banking partners will allow. Regardless of the what the letter of the law says. They don't operate in a vacuum.
Wouldn't you rather they do what they can to bridge the legacy system and bitcoin? Bring in new bitcoiners? Someone has to onboard them.
Honestly all the dicks here piling on swan is ridiculous. We are one cause, and internal divisions just weaken us.
Yes government will try to restrict on/offramps to/from fiat. We know this. Stop bitching and being toxic and let's all be one family.
"We support your right to privacy, but also fuck your privacy"
Cucked bitcoin is a shitcoin. No kyc
OAR ELSE!!!1
when someone calls you a bitch, and toxic, and you were being reasonable, and telling the truth:
Announcements like this are very sad. We're already beyond a point at which companies need to voice concerns against these nonsense regulations, rather than limiting their customers and bitcoin users in general. This industry needs to grow some balls.
What's your take, @Stephan Livera @yan?
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that's their burden not ours.
everyone's got their own load to carry.
that's the whole point of this thing. you try to hold someone up they will just weigh you down.
the people who think we are being mean and toxic about not obeying the bankers don't consider the millions of dead bodies in the shallow graves that are there because of the bankers profits, over the last 400 years, and they aren't done yet poisoning the well.
Always has been
Once your bitcoin leaves the exchange & is conjoined, it NEVER goes back
Be happy
Curious why the coinjoin if you're not returning to fiat?
That's to obstruct chain analysis companies.
If you never conjoin & you get attacked (criminal/state), they can see your bitcoin & all its past
Self-custody is your right as long as you let us know where you hold your stack
Americans should embrace more p2p cash-for-bitcoin transactions. this is pretty much how most of the world is already doing bitcoin
if the paper trail is so important for you, an ETF is as good as anything else
I AM EXTREMELY PEACEFUL.
MATH. NOT. EVEN. ONCE.
noKYConly.com
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from what I understand this is not Swan's fault
Forward privacy
😂😂😂😂😂
L@@K! They are fighting back! FUCK SWAN! Bent knee Fucks!
Smells like fiat
What's a good DCA alternative to Swan?
It's okay. It's for the children!
If you use Swan, you value convenience more than privacy.
People who value privacy more than convenience are using p2p methods of stacking and are unaffected.
If Swan's announcement affects you, maybe look into routing around fiatworld's limp attacks instead of wringing your hands.
Booooooo!
thing to learn same happens with custodians of GBTC / ETFs / ETNs eventually as per fiat LAW n RULES of the land where they r doing business
Awful regulation. And it’s exactly what I’d expect them to do.
100%….get busing mixing, or get busy dying
So could you withdraw funds into one wallet and then use mixing to transfer funds to a second?
This is before the regulation even goes into effect. It may end up being a lot like the pharma mandates: private* businesses do the govt's dirty work without the state having to ever finalize the laws.
Which means there's no one to take to court over constitutional violations.
* "private"
burn the witches! 😂
Hey, all
I know it seems easy to rag on Swan - and I agree with Matt's dystopia comment, obviously- but I can tell you as a new pleb who's trying to get her family on board that it's helpful to have bitcoin-only companies out there. Swan has a simple interface (KYC, I know... but simple) and they actively encourage self-custody.
Also notice that it's not Swan itself that's anticipating the FinCEN regulation by cutting off connection to mixer wallets (assuming they're being honest in the letter).
And they tell customers exactly how to go around the new rule.
Swan Bitcoin finished Pacific Bitcoin and then forgot everything their speakers said...
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Bent both knees
What are merchants like the bitcoin company gonna do ? 🤔 stop accepting lightning, only accept btc from cexes ? Or only applies to exchanges ?
They done fallen so far they cant see any light at this point.
Set coward to max...engage!
Wow.....
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Bound to their custodians. Not surprising unfortunately. Just another reason to use Robosats, Bisq, and or Agoradesk
Swan is for bankers.
next they monitor your addresses and even if you make another hop before mixing it will count just the same.
Rip-
Jstark
You are the one least surprised by that shit
Live free or fucking die
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FOSS fixes this. Freedom protocols all the way up and down.
Honestly don’t get yer panties too much in a bunch about Swan. As far as #nostr goes WoS is a bigger honeypot.
Et tu, Swan?
Get your sats unregistered.
No KYC
Qu'est-ce que c'est encore cette bêtise humaine
That's a really good take.
Mining.
Les rendre crétins oui , le *3eme chimpanzé* de Jared Diamond a tellement évolué de plus a tellement créé sur Terre la Technologie en est sa 6eme. J'ai hâte qu'il crée autre chose afin que la Belle planète où elle vit et dépend avec d'autres espèces puisse se régénèrer par les élements et phénomènes naturels . Vous savez que j'y crois à cette thèse sur certaines parties du globe étudiées en Asie ou en Australie de Stewart Brand dans le World Earth Catalog qui vient de faire ses 55ans
Braiins pool does not require KYC, and they issue your Bitcoin directly from each block. Just use a VPN to obscure your IP address.
Il n'y avait qu'Hitler et Erdogan par mémoire qui ont dû aller vers cette bêtise humaine. Une bêtise incommensurable
Savez que la plupart de ces lois sont issues de la France et depuis octobre elle se retrouve à réglementer pour toute l'EU tant d'autres lois et règles qui seront beaucoup plus que contraignantes pour la cryptomonnaie dixit Liberté Égalité Solidarité..Toutes les lois contre lesquelles les Français se battent quite à immobiliser le pays ont un sens, nous ne voulons point du système Dickien de l 'UK.
De nouvelles règles et lois sont en cours même le white paper ils l'ont travaillé avec tout un groupe y compris sans oublier les Autorités des Marchés Financiers afin de tout gérer sans disant pour la protection des citoyens jusqu'au P2P. Tenez vous informer de tout ce qui se passe dans l'EU et aux USA afin qu'ils ne soient trop. Je passe mon temps à suivre et j'ai vraiment mal au cœur de tous qu'ils créent soit disant pour pour notre protection
Effectivement
Mine is sarcasm because in the US you always do everything not in the public interest for the children
KYC juste mis en place pour surveiller les transactions et puis taxer protège juste des escrocs de la cryptomonnaie monnaie pour les utilisateurs qui ne sont pas trop doués dans le domaine infine ils vont tous finir par payer aux Etats
Et savez vous qui sont les gagnants des 2 côtés ? Pas nous les citoyens malheureusement..j'aime cette note malheureusement je ne peux vous zaper de plus viens tout juste de me réveiller il est 2heures du matin en France
J'y crois pas toute la chaîne serait concernée de bout en bout car il y a quand même pow et les énergies consommées sous surveillance grâce à un système de facturation chez certains
Si vous résidez dans un pays qui n'a une loi qui autorise la surveillance des communications via votre fournisseur d'accès qui dépendent des Autorisations des Marchés Financiers ce type de lois existent depuis 2015 lors des vagues d'attentats et n'oubliez pas quand Patriot act qui est aussi qui n'était pas dans la Constitution Américaine et tant d'autres lois votées depuis 90 qui enfreignent les libertés universelles au nom du soi-disant bien commun
?
? Mais les tous utilisateurs n'ont pas les mêmes connaissances et ne sont pas experts
Ne pensez pas US plutôt penser global
Savez que même la décentralisation ils s'en occupent ...il y a déjà des cupides du secteur qui collaborent mais à condition de ne pas posséder du BTC gracement bien payés ces imbéciles qui ne pensent qu'à eux
FTFY:
Fuck Kory
Que fait-on lorsque cette société se fait des tunes grâce à ses clients et demande aux clients de payer des taxes sur les transactions et bénéficies que se fait la société !?
?
Not your keys Not your coins. Just get away from exchanges
Am I correct in assuming that swapping into and out of lightning or even just performing a single-hop tx from the mix address subvert this horseshit?
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Co-Reee bending over rather than standing up. Seems the NGU-bois are splitting off from the revolution.
these lying, stealing criminals have no idea the wrath of what is coming to them. The mistakes and the criminal (morally) acts that they are taking part it are condemnable. I am a free person, and speaking freely as a free man will do the following.
1. Never sell my bitcoin
2. Fuck you
3. suck my dick, everyone.
4. burn my keys in a fury of fire before giving access to any government cuck (pussy bitch) who can't enforce the words he writes down on a piece of paper, let alone take my keys without the help of grunts
these are the rules. I don't make them. All glory to god, please be at my side. Men are born free.
What's up with the wording?
- "...termination of your account with our banking and custodial partners."
- it might be bad wording, but it doesn't say termination of the "swan accounts".
Are they saying that the banks/custodians will start shutting the accounts (ie bank accounts) of the specific people associated with specific Swan transactions?
How does the "partner" identify these specific people out of its all clients engaging with Swan?
Amen
Kill all the ramps.
Earn it or mine it.
There's a lot of talk about your post.
Added to the https://nostraco.in/hot feed
gangsters
Never send coins to exchanges. Problem solved
Wen Mandibles? 
which also means that you are better off doing business without corporate registrations, since they are just putting a bulls-eye on the back of your head.
I''m from the other side of the world. Can someone shed some lights on this matter?
1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.
2. They encourage all their users to withdraw and self-custody.
3. They are anticipating govt giving problems and help users to think ahead and be prepared.
4. They operate under US law.
Questions:
A: Is 1, 2 and 3 not a good thing for bitcoin?
B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?
C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.
All fiat companies are subject to this kind of abuse in the long run...
We are just getting a taste of what's coming.
Everyone better start digging into P2P solutions to replace these honeypots.
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Doesn't this translate directly to:
"Don't use our platform as a wallet, use your own wallet and use us for conversions only."?
I suppose it's another way of saying, tell us your addresses and don't give me that plausible deniability crap that it might not be your address.
If It is traceable, It is baneable. Don't mess yourself and use Monero
As we say in South London ‘fuck ‘em’… self sovereignty, self custody, circular economy… locally, nationally & globally… mic drop!
bitcoin needs on-chain privacy. as long as they can tell apart between a bitcoin that has a tail of transactions and a bitcoin that has been freshly minted, they can force exclusion like this.
Check Samourai Ricochet spend tool. When to use: "When sending to an exchange or other third party service that may look at this history of your coins."
How far back they will look into one address to apply that? How many hops after mixing one has to do to avoid being caught by this rule? anyone knows?
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🤢🤢🤮🤮🤮🤮🤮
They're algorithm will be x hops.
In this statement, it says deposting directly to/from, so that's zero hops.
Like playing 7 degrees of Kevin Bacon, if they were to say we're kicking out anyone who's within 7 hops of a CJ, they wouldn't have any self-custody customers.
Bitcoiners should strive for this goal
Choices that I see
This. Rigly.io makes it easy to start mining (my project)
*Monero
Would it matter if thats what they meant?
When Swan XRP only?
Complete fucking bullshit
Swan is pretty weak to comply rather than shut down. There’s no “long game” in complying here. That’s the government’s long game.
Published my take here. We are fighting hard. I think this is a sign of bad things to come from govt. they have been saying it for years. They don’t like “unhosted” wallets and they want to monitor every tx. Now they are using fake news to make it real at the banking layer. 
X (formerly Twitter)
Yan | swan.com (@skwp) on X
Recently we announced that some of the banks and qualified custodians that Swan works with have been freezing or terminating accounts involved in m...
Thanks for the answer, @yan! I fear this will eat up valuable resources, not just for Swan but across the whole industry, which could rather be used elsewhere and more productively. Keep on building!
" Then they fight you"
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They put the hint in *bold* ... ;)
Monero solves this!
not really