What can we realistically do to avert this significant inconvenience/impediment?

Worse than dangerous IMO. This is CBDC control level BS.

Common practice is socialist authoritarian states. Subjective law as opposed objective law used in free countries.

Circa Atlas Shrugged

Could a visa transaction run afoul of this fincen thing?

I tend to find conspiracies in everything...

Making noncustodial transactions illegal / frowned upon... Would guarantee a surge towards institutional services...

Something like a brand new bitcoin ETF?

why would a government controlling the world via economy allow another type of currency that it didn't control

think like a fucking thug and its easy to understand

laws and their wording are there to support economies such as yours nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

This aims to activate the sheep mentality 🐑. The way out of this insanity is to grow more lions 🦁. They can control a herd of sheeps not of lions.

21st century USA, where you are a criminal until proven otherwise.

Basically the CCP approach isn't it?

Outside world often sees almost despotic enforcement of US financial policy. US citizens about to feel some too.

US Gov will stop at nothing when it comes to the $ and preserving its dominance.

There's bad "legal" news all over and when you put it all together, code in the UK, CBDC in Europe, now this in US. We could be talking about implications "post event" already, its possible were further into this "agenda" than we thought.

Weed was illegal nearly everywhere and it was only enforced when someone wanted to. Some got the book thrown at them. Some got fined. A lot of subjectivity

Lyn, do you think is a legal case to be made that exchanges MUST use mixers to comply with GBLA?

Trying to think of Overton Window grenades for this overreach.

Time for everyone to move to El Salvador asap

The sense of unrelatedness between laws and morality has never been greater for me than it is now.

You and Matthew Kratter only ones putting stuff out there about this being a possibility, thank you for this! Our first and fourth amendments will hopefully still carry some weight in this corrupt system. Who knows though, right?

I was having a conversation with ChatBTC bot. Lyn what do you think about the output ..”From an accountability perspective, you can draw some analogies between the Bitcoin Lightning Network (LN) and petty cash accounts, but it's important to note that there are also significant differences between the two.

In terms of accountability, both the LN and petty cash involve managing smaller, more frequent transactions outside of a centralized system. Let's explore the analogy further:

1. Transactional Nature: Petty cash accounts are typically used for small, day-to-day expenses within an organization. Similarly, the LN enables frequent micro-transactions on the Bitcoin network.

2. Immediate Settlement: Both petty cash and LN transactions aim to settle quickly. Petty cash transactions are typically settled at the end of the day, while LN channels allow for instant settlement between participants.

3. Consolidation: Petty cash accounts are consolidated at the end of the day by collecting all the receipts and reconciling the balance. Similarly, LN channels can be closed, and the final balances can be settled on the Bitcoin blockchain.

4. Layer One (On-Chain Settlement): In the context of the LN analogy, the "layer one" can be considered the Bitcoin blockchain itself. Just as petty cash balances are ultimately settled and recorded in the organization's main accounting system, LN channel balances can be settled on the Bitcoin blockchain as on-chain transactions.

However, it's important to note some key differences:

1. Technology and Trust: While petty cash relies on physical currency and trust within an organization, the LN is built on top of the Bitcoin network and operates using cryptographic protocols. The LN ensures secure, trustless transactions between participants.

2. Scalability: Petty cash is limited in scale due to physical constraints, such as the amount of cash on hand. The LN, on the other hand, aims to address Bitcoin's scalability issues by enabling a network of off-chain channels for faster and cheaper transactions.

3. Decentralization: Petty cash is typically managed within a centralized organization, while the LN operates as a decentralized network of participants. The LN allows users to transact directly with each other without relying on intermediaries.

Your thoughts..