IS IT LIKELY THAT GOVERNMENTS WILL CONTINUE TO ATTACK PRIVATE BITCOIN USAGE? YES.
IS IT LESS LIKELY THAN LAST YEAR? YES.
IS THAT MOSTLY DUE TO THE HARD WORK BY THE TEAM AT BITCOIN POLICY INSTITUTE? YES.
POLICY WORK IS MESSY BUT BPI IS BEST IN CLASS.
Discussion
#freedomtech
As a director at BPI, what are your thoughts on the draft for the reserve?
The best way is to help each other, not just show a wallet, but also #nostr, get to know a Linux distro, have private chats, and give the complete kit.
False equivalent.
A BSR increases the likelihood of increased AML/KYC in bitcoin, no matter who proposes it.
The US won‘t add an „asset“ to its treasury used by „terrorists“, „criminals“, and „crypto anarchists“, to paraphrase a certain someone.
Heart may be in the right place, incentives are screwed.
IMF forcing ES to wind down btc operations is only the start of the game.
I don't think "wind down" is the correct term. The loan condition was for ES not to force merchants to provide Bitcoin as a payment method, which a lot of bitcoiners were upset with anyway. KYC etc. will always be an issue. I think rather than making it worse, the administration will just just how they refer to Bitcoin. It won't be as something criminals etc. use.
What is the IMF pushing in ES that they have committed to or are willing to commit regarding BTC?
They reached a $1.4B agreement yesterday. Have to wind down Chivo, revert tax payments in btc (only payable in Dollars again), have to „limit“ btc purchases, and „improve transparency, regulation, and supervision“ of btc usage (aml). 
That’s seems like a lot for 1.4B
Really bending the knee.
Do you have a link for the full details?
Chivo wallet wasn't even used in ES. It was already voluntary for private sector as the public hasn't adopted Bitcoin actually. Everything is in paper only. Honestly, in a day to day life, nothing in ES will change.
Everything the state has promised is temporary, except for temporary measures. Never trust the state, never get manipulated into being dependent on the state.
This is no surprise. Can't wait for max keiser mental gymnastics about this.
Ok that is no biggie IMHO. Law was compulsory just in writing, never really enforced. winding down chivo is great for the people. I always saw it as a CBDC in orange disguise. State cannot simply control both sides of the transaction. Taxes Pff I believe nobody paid them with sats. In summary I would say bukele kept his cake and ate it too. It is a negotiation in which FMI looks good for the masses that are not in the known and Bukele can carry on his merry way stacking sats.
I APPRECIATE YOU AND YOUR WORK BUT THIS IS A MASSIVE STRETCH.
THE KYC/AML STATUS QUO IS ALREADY HORRIBLE AND KEEPS GETTING WORSE. FIRST TIME IN A LONG TIME THE REGULATORY TREND MAY ACTUALLY MAKE A TURN FOR THE BETTER.
I thought we had Dennis porter to thank? lol 😂
👏💪
Yes 🤙🏻👏🏻💪🏻
The sly roundabout way to acquire everyone's #bitcoin is to create ETF's and encourage 'never sell' aka 'never use' your bitcoin.
Lend your bitcoin to us and borrow fiat eternally. #Few
lol they probably hope you die holding your etf shares because there’s a clause in there that your family can only get cash out and not bitcoin after your demise, which they confiscate. Think about it: if your ETF shares soar in value, there’s no way to get the money out and convert it to real bitcoin that you’re holding yourself without incurring a tax hit, so then you’re stuck in the ETF, unable to evolve to self custody. Very sly
🫡
🧡
Totally agree! BPI is doing amazing work, and it shows. Less attacks on Bitcoin usage is a win for everyone. Keep pushing for that positive change! 🚀💪 #Bitcoin #BPI