Replying to Avatar techjunkie

I still don’t understand how lightning payments would be affected. I think this is just clueless garbage from EU bureaucrats that think they can stop bitcoin. But it will just have the opposite effect
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Sjors Provoost 1y ago

They wouldn't be. But let's say you buy Bitcoin and then open a channel. You might get annoying compliance question, because they can't surveil you anymore. They might close your account. This can lead to self-censorship.

In that sense lightning has similar properties "anonimity-enhanced" coins. Which is good! (plus politically speaking, it's hard for them to argue against "I use it because it's cheaper and faster, it just happens to also be more private")

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techjunkie 1y ago

The self-censorship is already happening but thats also with my fiat bank account. I minimised the use of my bank accounts since they started asking insane KYC/AML questions. I was shocked and couldn’t believe what I read. Now my bank accounts are at ~0 and the banks are starting to beg me to make deposits with pathetic offers! The next banking crisis is near. Banks are NGMI.