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FinCen and the Treasury are expanding the Patriot Act to attack bitcoin self-custody and privacy.

We shouldn't live in a world where standards cater to the lowest common denominator and make things worse for the overwhelming majority of the population.

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Discussion

Constantin 3mo ago

You can't catch a break with these mofos. 🤦

samuel 3mo ago 💬 1

I don’t understand.

A. Is this a rules change?

B. Is this a new bill to become a law?

A is scary, B is a nothing burger/wont happen

Virtus 3mo ago

A bit more nuanced:

https://x.com/valkenburgh/status/1966174324701778071

Mentat 3mo ago

Thank you for sharing this, it really clarified my understanding of this particular topic. It also helps mitigate FUD.

Should be a must read, and pinned at the top of the original post.

samuel 3mo ago

Thanks!

josearkaos 3mo ago

There will be the point when one has to change countries. Countries are just like service providers

samuel 3mo ago

No where to go…

josearkaos 3mo ago

Portugal 🤷🏾‍♂️

samuel 3mo ago

Ouch….

I hope Texas secedes from the union

josearkaos 3mo ago

Are there non claimed lands available in the world?

samuel 3mo ago

Epstein island

josearkaos 3mo ago

It’s cursed

samuel 3mo ago

Or a yacht 11 miles past the continental shelf… international waters.

But I think the boat is subject to the jurisdiction of the flag it flies.

Portugal is a subject of the eu and can’t violate the laws.

Try this:

Live on a boat docked in Miami with a cayman island flag. Not sure what cayman citizenship costs….

But unless you relinquish US citizenship you are still subject to us code.

There may be better places to doc your cayman boat like the Bahamas, Isle of Man, or Guernsey

josearkaos 3mo ago

I find ridiculous that one has to be national from any country. It’s pure randomness. And there are no free lands on earth anymore.

samuel 3mo ago

Yes well I am with you….

There are no sovereign individuals…

Kings like wars not plebs. But kings make plebs fight wars against other plebs and at the end of the day the kings don’t really care…

Go Galt or join the borg

Orange🍊Man👤 3mo ago

This comes to no surprise: They want obedient subjects, not sovereign spirits.

Aldocstr 3mo ago

This is good news, we do not want TRUMP coiners being sovereign and stashing their secured wealth, hiding their FART coins with airgassed wallets. Now the authorities will be on them to end these illegal acts protecting all of us

ihsotas 3mo ago

Man I’m sure glad we didn’t have to suffer gensler trying to kill crypto but generally being lenient on pure Bitcoin plays.

Watching trump & David Sacks Trojan horse a bunch of retarded bitcoiners like David Bailey has been a treat.

TallBrian 3mo ago

Alright that’s it. We need to organize as a voting block and make it clear that anyone who promotes or even permits shit like this in the government will be removed.

End the patriot act

End the bank secrecy act

End KYC/AML

umni 3mo ago

Let's start by building a KYC tracker which shows the percentage of KYC coins. It represents the percentage of Bitcoin supply that can be controlled by fear.

Liberty Farmer 3mo ago

The patriot act expired years ago. The freedom act continued much of the items and regulations however, as has a few continuing resolutions in the NDAA. Let's be accurate not wrong.

syntaxerrs 3mo ago 💬 2

This important. Ignore all my other bullshit.

nostr:nevent1qqsxfya2qa8jm38plet7j5v5hw4k66c433t26jaq9rar2cg9nzd429cprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6vm4a4j

El Dorado 3mo ago

People who say Bitcoin is the Trojan horse to government and tradfi are dead wrong. At this rate, it is bitcoin that is being captured and neutered. There is a great need to develop bitcoin economy or privacy updates.

Benking 3mo ago

This move highlights the increasing pressure on individual financial sovereignty and user privacy. Expanding the Patriot Act to target Bitcoin self-custody not only undermines financial freedom but also reduces the efficiency and scalability of the Bitcoin ecosystem. Setting standards that cater to the ‘lowest common denominator’ disrupts the experience for professional users and the vast majority of the community. Preserving privacy tools and independence is critical for widespread Bitcoin adoption.

LostSoul 3mo ago 💬 1

We are all criminals now

Rizful.com (zap tester) 3mo ago

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nepsis 3mo ago

Always have been.

nobody 3mo ago

Trumptards fell for ZogbotDon.

Mentat 3mo ago

I hope this is an accurate and balancing perspective coming from the inside of this process:

https://primal.net/e/nevent1qqs8xmkchfng96gendkvjpwsqj29znfqcje9pcrr765plc6zfwqnvdsg2cgry

Fizzyl 3mo ago

What can I do to help fight this?

Cstewart 3mo ago

Should we write our senate

and Congress reps?

ben 3mo ago 💬 2

nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spramhxue69uhky6t5vdhkjmndv9uxjmtpd35hxarn9ehkumrfdejsz9thwden5te0v4jx2m3wdehhxarj9ekxzmnytjq0jg made the front page of hackernews. different vibe in the comments.

https://news.ycombinator.com/item?id=45221274

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