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Ok so I have a question and it's a sincere question not trying to make folks angry.

I see a very real risk of regulatory capture for Bitcoin. I've been immersing myself in these spaces for a year now and I'm still not sure how one acquires non-KYC Bitcoin. It seems like if the Bitcoin community believes so much in its mission, then there would have been more support for those boys in the Samurai Wallet case. I see that as a real red flag.

The knots/core debate is one I see often on Nostr, much less so than the regulatory capture. Am I overinflating my concern about this issue?

I believe that money needs to be separated from the government as much as possible, and should be as private as possible. Anonymous cash transactions for individuals should be easy. I've heard a lot about Monero as an answer to that, but also see a lot of hate about Monero. (To be fair I also don't know how I would get Monero without KYC either 😅)

I'm trying to explain the path down these roads to my community, but I am aware of my own ignorance in a lot of these spaces.

I'd love to hear any relevant thoughts, opinions, and/or recommendations for explainer videos.

#asknostr #bitcoin #monero

Rich Nost 3w ago 💬 4

Tepid support for Samourai in the Bitcoin community ity could be better explained by the fact that they were known antagonists and trolls who used abusive language and deceptive argumentation when their brand was questioned or threatened.

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Discussion

Kip Ashlynn 3w ago 💬 1

Ah I did not know this, thank you for teaching me more of the context!

Rich Nost 3w ago

I'm sure people will come out of the woodwork to shame anyone who points out the obvious, however the facts speak for themselves. We rallied for Ross, so it's not like we are callous demons.

Kip Ashlynn 3w ago

I wasn't suggesting that for sure 🫂

Hanshan 2w ago

"they were mean online so we don't care about the obvious government overreach and threat to Bitcoin self-custody."

😔

Rich Nost 2w ago 💬 2

Don't shoot the messenger.

Hanshan 2w ago

Its just a convenient excuse for very online people.

The reason they didn't receive any real support is because no deep pockets want to back fuck-you money. All the NGU is in compliance.

Rich Nost 2w ago

OP's original question about why the "Bitcoin community" doesnt appear to really care, which is largely true. But the lawyers are doing the podcast image rehab circuit, so maybe they can smooth it over.