In Europe, privacy currencies are going to be eliminated from exchanges.

We will see what happens with techniques like coinjoin or lightning itself because lightning for issuing payments is very private and lightning with bolt12 is also very private for receiving payments.

Reply to this note

Please Login to reply.

Discussion

they would have to order every node ln node runner to shut it down, i don't see how would it work

I guess mostly governments would just make an example out of a few and then most get scared and shut down nodes. Won't get all of them but probably relatively few node runners in say Africa than Europe I guess. Don't know tho

Goc ordering ISPs to cut off connection to bitcoin nodes and cloud hoster to stop hosting or routing bitcoin nodes. Lightning is 75% custodial so it's fucked instantly

They’d have to block Tor too.

Tor is too slow and unreliable

I hope it's like trying to stem the tide... Decentralization can fight back.

It also will end the fractional reserve episode. So it should be net neutral.

As far as p2p exists, they will never stop privacy, and fuck all KYC cex

Read that Kraken was disabling Lightning in Germany too?

EU closing up.

Exactly, this note was a prediction that came true today.

Lightning is very private for sending and now with bolt12 it is very private for receiving.

Lightning was an outrageously easy way to get stolen bitcoins into exchanges or tinted bitcoins.

True! Lo leí de ti 🤣🤦🏻‍♂️

Of course all the regulated exchanges are going to comply with whatever they are told and stop accepting LN or BTC that has coinjoin history. Europeans should embrace Bisq and Robosats.