binance is paying a $4B extortion fee to the US government for not surveilling users hard enough
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How do we increase privacy on Bitcoin immediately? We are likely months from a full bore 6102 attack/ criminalization of all non- fiat!!
Nailed it 🎯
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It's hard work. There are no short cuts. It begins with self custody. From there, run a node. Learn how to safely coinjoin. Mine bitcoin or if you can't, buy directly from a miner.
This upcoming announcement might have some solutions in that direction.
Disclosure - I have no investment or affiliation with this group but my company will be providing technical services for the live stream.
OCEAN
Until yesterday I had no idea that many bitcoiners love to be KYC'd.
nobody does, but it's been creeping in for years, deadening our senses to the invasiveness.
"Do you have your fresh savings, fucky-fuck card? Phone number please."
"You want to sign up to save ¢.05?"
this is great !
she say :
- Financial firms have to be part of USA, to begin make money.
- Any tech business need to be part of the system.
All you have to do is to stop. That all stop being a firm or a tech business.
agreed. like it or not, these exchanges have helped put more BTC in self custody than any other force in the space.
seems many would rather opt to be resentful of them, for not being perfect, rathen than grateful to them, for helping ordinay people access a liquid market of BTC.
😂😂😂 es una guerra entre Yellen y su gente contra Binance
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They really want to make life difficult!
🤣🤣🤣🤣🤣🤣🤣
Very true. The never-ending creep of government oversight needs to slow down...
Its accelerating.
They are coming for self custody next and we all know it
Talk about killing 2 birds with one $4B stone.
Treasury Suits: CZ, take out SBF with a bank run and when we come for binance you'll see the light of day again
Best description I've seen yet.
Logically, customer deposits will be tapped or at least put into extreme danger (ala FTX style) to make good on this "fine".
My bet is that US customers' assets will be converted first. It's what I'd do.
🤔 Wondering if the US sets up a fine payment plan, and a convenient auto-ACH withdrawal.
Oh I do want Binance to perish, just not like this.
My bet is Binance exits the US, and they pay only a fraction of the $4B - taking refuge in China. Untouchable. Of course this news, of not honoring the US fine would never merit a press briefing.
Or alternatively, the US doesn't expect them to really pay the full 4B. The true objective may be to set a public narrative against "crypto". TerRoRiStS and all that.