Replying to Avatar Guy Swann

This. A ban on #Bitcoin services, insane regulations, and attacks on privacy tools will only harm the *regulated market.*

The technology and the market of bitcoin literates will shift. And it will result in a massive move toward small entities, self hosted & private services, a new market of local trusted providers (think one person hosting payment/LN services for their whole extended family and numerous friends), and a far better ecosystem of privacy tools and obscured ramps into and out of those pools of private coins.

This system is open, permissionless, and global. Their attacks will be a pain in the ass, but on the long time frame it won’t work, and may only accelerate the type of development we need. nostr:note1xpr3c4uwh6rna880syuaarlukrtqc42hdn395wwhegfwlh9t8u8srxdkgt
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Bayman11771 2y ago

And the nasty little rub is that only otherwise law abiding citizens will get caught up in this. Kinda like gun laws in Chicago.

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Guy Swann 2y ago

You’re completely right, but It’s likely not going to be a “little” rub either, unfortunately. It’ll be a huge mess with many, many innocent people paying the price. But in the long run, I think we win.