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JB
23d1d973554196e571622b78d2cb859fd1eb579e20299358c3c38f4d903f137f
Author, editor, yogi | Meat, bitcoin, chess | calling BS on most things

yeah, exactly that way

nostr:note1h0wzm2qlr3a700n4r8t9vq2znwa0qh52zfh9l0sk6am75485njequrpymp

this seems true enough, but it's important to remark (hint, nostr:npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna) that this is an effect or _wealth_, not _money_.

The same effect can be achieved via lots of fiat wealth.

Put differently, a better monetary system can't replicate this result for everyone

(unless bitcoin makes the world wealthier in real terms—probable and possible, but not by _that_ much)

nostr:note1r4958gaw5xwvkhgka80autglnxmpx2xuc9uaweyx8l8lfjf3umesyr0lcv

hell no: mountains and snow > beach, always

fucking out of practice, but we diiiiid it #100pushups #workouts #strength #life

GM, #nostr

(my real-life view rn, _not_ stock photo)

pretty much

nostr:note16dq27znhmmwzjfcx30h89ccx799xnapsaymmkv5qpje56r0nhg8qpqm5a4

GM #nostr

yes, I'm a sleep-socks maximalist

hashtag convince me (well, The Economist) I'm wrong.

https://stacker.news/items/835084/r/denlillaapan

Replying to Avatar L0la L33tz

Good morning! It's January 3rd, which means its not your keys, not your coins day.

Unfortunately, this year the EU has decided to make withdrawing from exchanges a hell of a lot harder by extending FATF's Travel Rule to digital assets.

The FATF Travel Rule is not just a remarkable shitshow for your financial privacy and security – it's also a law to which authorities appear to have no data on its effectiveness to prevent financial crime.

What this means for you: If you want to withdraw funds exceeding €1.000, you'll need to prove that you own the address you are intending to withdraw to to your custodian.

It also means that exchanges are required to forward your personal information, including things like your name and address, to any custodian you are transacting with, and that an exchange may collect information on whom you are sending funds to and whom you are receiving funds from.

The Travel Rule does not just make withdrawing from exchanges harder, as custodians will need to employ third party software, employ a signing protocol like AOPP, or have you conduct a micro transaction to the custodian before making your transfer.

It also poses an incredible risk to your financial privacy and security, as your KYC info will not just be stored with a custodian you trust, but with any custodian you transact with – increasing the risks of hacks and identity theft.

In its current form, the Travel Rule has been mandatory in tradfi in the EU since 2012 – But nobody seems to know whether it actually works to prevent money laundering or not.

That's why I filed a FOIA request with German authorities last month, requesting data on all money laundering convictions in Germany since 2008.

Interestingly, the Ministry of the Interior responsible for national security and overseeing Germany's law enforcement, responded that it had no such information - instead asking me to file FOIA Requests with the German Ministry of Finance, the German Customs Authority, as well as with every public prosecutors office...

...which means that the updated Travel Rule is the extension of a law to whichs effectiveness law enforcement appears to have no data.

(FOIA Response in picture translated with ChatGPT)

Full Story:

https://www.therage.co/travel-rule-crypto-surveillance/

it's all theatre

nostr:note1uwhzz6slft02vsfvj04stutvmf4cv2evll97xxlztf3rqfpmle8s7m384f

why we don't take "journalists" seriously.

A joke of a profession.

https://stacker.news/items/834762/r/denlillaapan

...guess I spoke too soon

#winter #januaryshock #snow #Sweden #firstsnow

nostr:note1sm5qxrpy0yt3up7xurepcagygdnku9sj9rktykscym3w0yv96q0sykw6g3

nice to be out walking, even if #skåne is flat af and we're not getting "real" #winter

#sunset #sun #nature