What people missed on this dystopian day yesterday: EU Ban on self hosted wallets, even for smallest amounts now voted for by the parliament.

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anonymously hosted wallets not self-hosted though I have no doubt that they'll come for those too. eventually

If roll the dice to make an address. Is this now an anonymously hosted wallet?

If you have a non-KYC account with Alby, that would be a anonymously hosted wallet or anonymous custodian wallet. If you run your own wallet (Electrum, for example) that's un-hosted. In their views anyway

LOL my Alby wallet is in danger.

They transactions would be illegal too so if I zap you, that's me breaking the law.

today is a strange day

indeed

Either way, all of this is just ridiculous and they can go and drown in their shit

I think every Wallet/Mechanism without KYC falls under this jurisdiction. I hope I'm wrong tho.

Would be a massive deterrent for new plebs and future bitcoiners

Self-hosted are too hard to get at. Didn't make the first round.

Send from a self hosted wallet to an exchange. Be sure to kyc that wallet in the future.

Right. They'll come for those too. They just need to figure out the "how". Probably by declaring all users of self-hosted wallets as criminal money laundering drug dealers funding terrorists.

But we only launder money to fund our kiddie porn collection and Russian bribes. So, we're like politicians.

I use it for my narco business but don't tell anyone.

And not even a news about that on my Google News feed...

Okay, das ist schon ein ziemlich trauriges Theaterstück. Aber wie kann man eine anonyme Barzahlung verbieten, wenn diese wirklich anonym ist? Und was ist eine anonyme gehostete Wallet? Das macht keinen Sinn, oder? Richtig! Es ist absichtlich so wage formuliert, dass nun praktisch jeder kriminell ist, der irgendwie mit Bargeld handelt oder Bitcoin Überweisungen tätigt.

No wrong. It is about non-KYC hosted wallets. They can't touch P2P, only applies to P2B (yet)

this

So WoS and Alby?

The state won't play nice when we take control from them, and neither should we.

They can have fun trying to ban little basement cashu mints available only as Tor hidden service

Source?

it's a ban on HOSTED no KYC wallets which are basically honeypots anyway

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*anonymous wallets* which means you can still self-host buy you need to kyc that wallet with exchanges if you want to use them. Also zaps to anonymous wallets might be illegal now

do we want their kyc zaps anyway?

KYC only relates to the person whose government ID is stapled to the address.

I know bro. was just a joke that depended on absurdity. My bad. poor delivery lol

This is crazy. The doors are closing fast

I’m always saying it but it’s enjoyable, fuck the EU.

When will this be effective?