Of course, the proposed FinCEN rules utilizing the Patriot Act have nothing to do with preventing money laundering.

It is about *removing your ability to utilize privacy-preserving tools AT ALL.*

If they actually cared about money laundering every CEO and board at every major bank would be behind bars, starting with JP Morgan, Douche Bank, and HSBC.

You may rightly ask “well what about CASH?? It’s completely private! Why don’t they focus on getting rid of cash if they care so much?!”

And you’d be right… cash is next.

But many, many more people use cash than use #Bitcoin.

So cash is much harder to get rid of than this new-fangled crypto-hoosy-whatty that 99% of people don’t use, let alone understand.

This is their foot-in-the-door.

Make no mistake; they will (try to) remove all cash from circulation and implement a Central Bank Digital Currency (CBDC).

But first, they must get rid of any alternatives that would allow you to circumvent their totalitarian CBDC surveillance regime.

Pay attention. Speak up. Keep using privacy preserving tools — it is your fucking right to do so.

Do not comply.

Subvert the State. nostr:note1ld0mzh39p8kkh64gjwfwa66qh9r5w6sqhe3yl836r7pnw69tpkdshe73fk

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Discussion

I feel like it's an effort to scoop all the Bitcoin being held outside the custodians into the hands of custodians.

That's really the path to control which is what these bastards really crave.

become ungovernable

.

I have sympathy with those who seek to preserve the lifespan of cash.

However I wonder how they would feel about it, if they deeply understood the means by which it is used to slowly extract their economic energy...

Right? Do they understand that cash kept under their mattress loses 50% of its purchasing power in 30 years at *just* the mandated 2% inflation rate?!

And at current rates it’s far worse

Starting to wonder if the new FinCEN rules and the ETF timing may be more closely linked than initially expected.

1. Pull up the drawbridges and make transactions using the base assets difficult for everyday folks.

2. Usher folks into the new safe approved ETF version.

3. Play the old state-captured gold games with Bitcoin. Price is whatever they want it to be.

Money laundering is completely made up anyway. Prosecute tax evasion or the underlying crime that the "dirty" money came from. Even that is likely drugs "crimes" or similar. No victim, no crime.

So true 🙏