This looks to be an existential threat to custodial Bitcoin startups operating in the United States and possibly to any entity running a node.
> The recommendations go on, however, to claim to close “loopholes in Treasury authorities.” It does this by defining “virtual asset wallet providers, certain blockchain validator nodes, and decentralized finance services” as “financial institutions.” This definition would make each of these entities subject to the Bank Secrecy Act (BSA). Treasury also recommends that “DeFi service providers, noncustodial wallet providers, miners, and validators” all be treated the same as financial institutions and banks.
https://www.coincenter.org/in-an-effort-to-close-perceived-loopholes-treasury-recommends-massive-expansion-of-warrantless-surveillance-and-power-to-sanction-open-source-software/
thankfully i stopped running a node last night when my node caught fire and all of my bitcoin disappeared with it.
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Don't waste too much water to save it
Need more water to prevent this
If my ASICs weren't running me dry I would have been able to save it all 😩
🤨 how does a node running on water catch fire. I call FUD
You too huh?
