Friendly reminder that the Patriot Act will be applied to your #bitcoin transactions in January.
Don't get distracted by number go up.
Discussion
meh
Come and take it I say. Nothing but lead for these cucks.
So much to learn, so little time. I need to make a wallet where I'm buying sats nonKYC. My hope was to merge the two wallets eventually through a mixer to make all my stack untracable, but looks like thats going to be a lot harder to do now.
Sparrow Wallet my fren. Use UTXO management. There's a ton of video's on Sparrow. What I like the most as a new'ish user is that I can connect my Cold Card and a Sparrow hot wallet to the same system and manage my coins under one reliable roof.
Hey, Bro,
I understand your concerns...🙏
DM incoming.😃
Legally, I can tell the US government I own zero bitcoin.
I can control some sats, but I do not own them. I do not own the keys. Similar to Elon musk stock shares he did..but didn't... put up to buy twitter....
🫡
Your sarcasm is not lost here, but off course no one here is celebrating attacks on BTC. They are scary and can have devastating long lasting effects.
#[2]
#[3]
WoS disappearing for american nostriches was non EVENT - wait for big one KYC fincen everyone outside also wakeup call.
Important reminder by nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4.
I left a comment against the proposal. Here is a brief analysis and examples of what you can post in the FinCEN comments section.
https://habla.news/u/alejandro@bitcoinforfamilies.com/act-now-to-protect-your-privacy
nostr:note1jr2tu5sjwsn2kcu9080yven7r9dsr88vgknjs93v7r2ljs0ykgtqk2zx54
Regulatory capture is Bitcoin's greatest threat
And the first ones to be hit are the KYC plebs.
Tried to read the article but fincen.gov is down (https://archive.ph/DsboZ).
I hope it stays that way.
While we should not be complacent, let’s also not be alarmist. “Proposes” is a long way from passed.
monero fixes this
and adds inflation
What are you talking about? Lol
Monero literally has an inflation mechanism built into it's protocol.
monero has lower inflation than bitcoin
Surely you know that's a disingenuous response? If not, then allow me to explain: BTC has inflation built in with the halving mechanism which will end in 2130ish (i forget the date right now but you know the drill) so an ultimate supply of 21 000 000 never more, at that point inflation will cease.
As of June 2022, Monero has a block reward of 0.6 and that is now set indefinitely, forever. That is continual inflation. Though you could make the argument that as more Monero is in circulation the effect of adding 0.6 will have less effect over time but anyway it's eternal inflation.
I'm not anti-monero btw, I find it interesting but i wouldn't hodl it. It's the only other crypto i have any interest in at all.
Inflation trends to 0 either way, it's a non-issue. I wouldn't be bothered if Bitcoin had been designed to work the same way but I think the halvings are more adoption friendly.
monero is smarter. learned from the mistakes bitcoin made and changed it.
halvings are disruptive nonsense.
bitcoin will have to have extremely high fees indefinitely because mining will end. miners will depend on transaction fees only.
monero will have extremely low fees indefinitely which is smarter and better for adoption. hardly anyone uses bitcoin as money as it was designed because it is so hard to use and fees are extremely high.
most people are stupid as the recent fake disease has clearly shown. they wore dog muzzlers and let criminals inject them with lethal toxins without asking what is in it. if that is not the central definition of a moron, what is it?
finally the herd as the criminals called it, will flock to the best solution.
I'm not having any more debates with Monero bros sorry. I'm happy for you existing.
it is typical:
no argument
either insults or banning
nostr:npub1heysg4r5mq354k7n3hlk0wae4c4x6p5kh7qfu38fe5f24s82vvvqxymce6 it's reasonable for anyone to stop discourse with an individual who is ill informed and spreads false information wether wilfully or negligently.
You've cited FUD about BTC that has already been extensively disproven and you've shared a five year old article which contains outdated and irrelevant information. I am happy to continue discourse if you're happy to do better research. You clearly have no interest in truth, only your opinions.
I'm not convinced that there is a future for Monero due to it's vulnerabilities (which you can look into if you have any sincerity) but who knows... in a free market economy there can be more than one money. 🤷🏻♂️
You're both right.
Monero's inflation rate is *currently* lower than Bitcoin's (0.86% vs 1.75% annual inflation rate - will flip this halving)
Monero's circulating supply is lower than Bitcoins *currently* (~18.1mil vs ~19.5mil - this will flip in ~2040)
Monero's supply is uncapped, Bitcoin is capped at 21 million
Thanks for the details 👍🏻
The fight is on.
nostr:note1jr2tu5sjwsn2kcu9080yven7r9dsr88vgknjs93v7r2ljs0ykgtqk2zx54
Long for this
"... would require covered financial institutions to report information about a transaction when they know, suspect, or have reason to suspect it involves Convertible Virtual Currency mixing within or involving jurisdictions outside the United States."