calle's avatar
calle calle@cashu.me 2 weeks ago
"I didn't have a way to spend my bitcoin so we've built <african bitcoin off-ramp>." "We want to build <us/european bitcoin off-ramp> but before we launch we first need to pay 10 lawyers to give us 20 reasons why we can't do it, hire a compliance team to implement AML rules, talk to the regulators, jump through 1000 loops to become a VASP, implement MICA, and KYC everyone who spends 10 bucks in a supermarket, so I can exit as a founder and sell the company to Coinbase." Who would win?

Replies (7)

DecBytes's avatar
DecBytes 2 weeks ago
We the people of action will win, since we are entering 'The Age of Men of Action'. Credit Russel Lamberti. Case and point: "You had theorists for decades talking about how bad the monetary system was and how we needed sound money. They basically made no dent in the power structures. Bitcoin got invented in 2009 by a practitioner. By someone who said I am going to build the apparatus of sound money. I'm not going to advocate for it. I am not going to ask somebody else to build it. The building of Bitcoin has done more for people to understand the problem of our monetary system and disturbing the order than any opinion piece. The opinion pieces may have inspired him, but it is of no use without action."
Lunapilot's avatar
Lunapilot Lunapilot@ditto.pub 2 weeks ago
If you have your money safely out of the banking system, why would you want to put it back into the European dystopia? Given the way that continent is going, all the sensible money will be leaving soon...
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