Nostr Web Client

While I don't support Binance or CZ, the recent news along with Kraken and ETF news got me feeling a kind of way. What is Bitcoins future?

- only highly regulated KYC'ed exchanges exist. All alternatives are squashed. Peer-to-peer trading outlawed

- ETF's play huge role in market

- public miners forced to censor OFAC sanctioned countries.

- all fiat gains incur major tax, because "you got lucky"

- self custody outlawed

- all transactions are taxable events, Bitcoins medium of exchange potential never takes off

matata 2y ago

thank you, this is a great summary

Reply to this note

Please Login to reply.

Discussion

Sourcewire⚡️ 2y ago

It's a pessimistic outlook of what bitcoins future could be given current events. I don't think this is bitcoins future, but it's important to think about so that it can be avoided

matata 2y ago

oh most def yes

matata 2y ago

kyc aml taxes are absolutely disgusting

liminal 🦠 2y ago

The IRS only wants one thing and its fucking disgusting

matata 2y ago

and all other 3 letter agencies

they want your AUTONOMY

fking stalker creeps