1986 BoE

promissary notes >>> Silver + Gold

2024 ETFs

promissory notes >>> Bitcoin

probably nothing / no similarities at all

About the #travelrule in Europe.

A rant to end the year.

Close to no one actually seems to care.

Three years ago, my podcast started because the first proposals for this law were being worked on in the EU Commission.

Since then, only a handful of people have reacted.

The rest just shrugged it off with some nonsense like, "I'll be outside the EU by then," or even worse: "Who cares? Some tech mumbo jumbo will solve it if you run 15 tools and use 15 compiled solutions that only 100 nerds really understand."

This is about our entire Bitcoin space being overrun by middlemen selling lies, bullshit, shitcoin casinos, credit cards backed by venture capitalist garbage, or even worse: untested solutions or toy-grade hardware wallets with buggy software or attached middleman services.

And now our main man, Jack Mallers, whose company rolls over to deliver the EU the Strike honeypot data by implementing the travel rule?

I remember

@Trezor

taking a huge shitstorm online a few years ago for unilaterally implementing the #travelrule, but now... hardly anyone reacts.

Yes, I get it—you can’t expect a bigger company to just ignore the law and continue without repercussions. But the Strike app is no longer an onboarding tool (we saw this coming, of course). Still, try onboarding someone to Bitcoin in Europe after January 1, 2025, and it’s either going to be:

KYC + criminalization + high taxes and a mountain of paperwork,

or

Just tell them, "Don’t bother with Bitcoin. It’s over. We live in the European Union—you should move elsewhere if you want freedom."

The fact that Europeans aren’t even organizing a single protest, a single act of defiance, or any resistance is telling of the sort of total patsies we’ve become. I see no end to this.

We now live in a totalitarian state as of January 1, 2025.

We should either resist or run.

But resistance at this point requires many brave people to stand up, instead of wasting time on Netflix or TikTok.

Unfortunately, for many of us, running is not an option or a desired outcome.

The travel rule is here, and for me personally, it feels like defeat—while the ones I should be fighting alongside in the trenches are rolling over like trained poodles.

2025 will be the year of P2P 🚀

what an unpleasant guy, Mr. Halpern, Mr. Rumble Strip.

He has never examined his own behavior though.

He apparently really thinks that the government at large really has our best interests at heart when it comes to guiding our behavior.

Or he thinks we don't realize he's leaving out this purpose question of all things completely.

hard to bear.

he is one example, why we need drastic change.

It is possible, I think likely, that Microstrategy will never sell a single bitcoin. We are in the window of time that it is still possible that we can buy a massive, significant amount of bitcoin in exchange for relatively small amounts of fiat earned from an ordinary job.

#bitcoin

They gossip about your life, but they couldn't survive a single step in your shoes.