Replying to Avatar L0la L33tz

Those of you who have paid close attention to Trump's speech at Bitcoin 2024 may have noticed that the former President – accidentally or intentionally – appears to have given away a lot more on his plans for the future of Bitcoin than meets the eye.

Despite his assurances to protect open source development and self-custody in the US, Trump is first and foremost a national security president, highlighted by his remarks on terrorism and immigration. A loosening of AML/CFT laws, which currently see several open-source developers under indictment, seems unlikely (though a democrat law enforcement officer in the White House may arguably not do us any better).

During Trump's past presidency, the US passed the Anti-Money Laundering Act of 2020 as part of the National Defense Authorization Act, which increased penalties for AML/CFT offenses and established beneficial ownership requirements for LLCs to FinCEN.

While Trump vetoed the NDAA, it appears that he did not do so due to the AMLA2020, but rather because the NDAA kept Trump from his crusade to repeal Section 230 of the Communication Decency Act, which protects Internet Service Providers from liability for information hosted and transmitted.

According to Trump, Section 230 is a "national security risk" which "will make our intelligence virtually impossible to conduct".

If you had hoped that a Trump presidency would reduce the risks of developers being held liable for "illicit activity", you may do best in thinking again – "Broadcasting" 'illicit transactions' is precisely what Samourai Wallet currently stands accused of, which would hardly be arguable under the striking of Section 230.

Between incoherent ramblings on god, AI, and electric cars, Trump essentially used his 50-minute speaking slot to introduce The Bitcoin Dollar between the lines: a CBDC alternative to expand US hegemony beyond the petrodollar system directly into consumer wallets across the planet.

Don't forget that the vast space between your ears is intelligence's field of play. For Trump, Bitcoin is merely a tool to "extend the dominance of the US Dollar to new frontiers all around the world", and if his speech showed us anything, its that you are nothing more than another pawn at the end of the identity politics chessboard, where a banner hangs that reads: Congratulations, you’ve been played.

This Rage Weekly is out featuring a full opinion on the much anticipated Trump speech at Bitcoin 2024. Subscribe for free or read all issues online:

https://www.therage.co/strap-in-for-the-bitcoin-dollar/

So in your educated opinion, does Trump potentially staffing his White House with bitcoiners not help developers and the ecosystem? I don't think the Dems will put a single bitcoiner anywhere near the table when it comes to policy decisions. He's not perfect, that's for sure, but sadly the world is not going to immediately switch away from it's current incarnation.

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In my educated opinion your presidential elections are a joke

You're angry. That's fair. So are a lot of people. A violent overthrow of the current regime is a non starter, obviously. The brainwashed populace won't suddenly wake up. The only option is to get inside the power structure and change it peacefully from within, which will take many years. I understand it's your job/mission to point out the negatives and realities, which I appreciate.

Yes, but we're stuck with it for now. At least we get to choose the color of the car speeding towards the cliff.

you do realize that both parties are the problem, right? Tuck the government, they need to stay the fuck out of bitcoin business and co time screwing those that still allow it.

Hahaha okay dude. The government will totally ignore a $1T+ asset. And as for "bOtH pArTieS R tHa proBlEm." Yeah I know. Thanks for the update. Would rather have at least one even somewhat on the side of BTC than getting raw dogged by both.

they have so far.🤷🏻 But thank you for acknowledging that the two party system is broken but you’re still going to vote for one of them anyways. 🤦🏻‍♂️

Why would we be happy about this, even if it were true? The government is the reason we’re in this mess and you want to put bitcoin in their lap? JFC

I don't want anything. They're going to do it whether you like it or not. I'd rather have people who actually understand something about Bitcoin in governement rather people who fucking hate us and BTC. How is this hard to understand? The governement is not going to continue to ignore us. You just want Bitcoin to be an Internet play thing, where we all play in our little anarchic sandbox. I want it to transform the current monetary system.