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

TheGrinder 1y ago

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

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Discussion

Don't Believe The Vibe 🌱🍋🍊 1y ago

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

TheGrinder 1y ago

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

Laeserin 1y ago

LOL my Alby wallet is in danger.

TheGrinder 1y ago

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

Marcelinho 1y ago

today is a strange day

TheGrinder 1y ago

indeed

Laeserin 1y ago

TheGrinder 1y ago

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

Ruminant Llama 1y ago

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

Laeserin 1y ago

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

Don't Believe The Vibe 🌱🍋🍊 1y ago

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

TheGrinder 1y ago

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.

Laeserin 1y ago

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

TheGrinder 1y ago

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