Assange, Snowden, and Ross Ulbricht each deserve a Nobel Peace Prize for their heroic acts. Instead they’ve all been treated worse than some of the most violent real criminals.
Overheard a bunch of 60 year olds at a coffee shop complaining about anti-money laundering regulations and how it’s crippling their and their friends’ small businesses. I obviously chimed in and explained the myriad of issues with KYC/AML.
Great to see normies waking up. We’re going to win.
Not only should Trump free Ross Ulbricht, but he should award him the Presidential Medal of Freedom. #FreeRoss
By “cancelling” student debt, Biden is trying to buy himself the election with our own stolen tax dollars. I mean that’s par for the course, but they’re usually not this blatant about it.
What’s Twitter? Don’t you mean “X, formally known as Twitter?” 🤣
This is…not good. From the Tornado Cash case. Their broad definition of money transmission would encompass pretty much everything, regardless of if funds were ever not in users control. It’s imperative for the future of #Bitcoin that this gets defeated.
https://storage.courtlistener.com/recap/gov.uscourts.nysd.604938/gov.uscourts.nysd.604938.53.0.pdf 
America is not a free country and it never has been. The lack of freedom is accelerating though.
Hopefully more people in #Bitcoin are finally starting to realize that the state is a violent, criminal organization. There is a better way.
https://mises.org/library/book/new-liberty-libertarian-manifesto
I keep seeing people posting “privacy is not a crime,” but unfortunately that’s not true. Privacy SHOULDN’T be a crime in the U.S., but it has been criminalized from the start, despite the 4th Amendment.
The government has continuously encroached on and criminalized privacy over the years. And even if something isn’t explicitly illegal, it doesn’t matter. The government has never and will never follow their own rules. They will do whatever they want with impunity. The state never follows their own rules, they are above the law. Only occasionally will they get a small slap on the wrist if there is a cross-agency disagreement.
The only long term solution is abolishing the state and abiding by the non-aggression principle.
Unfortunately if you are working on privacy tech, your best course of action to protect yourself is to renounce your U.S. citizenship, move to a non-extradition country, and do everything possible to stay anonymous.
Privacy is a crime in the eyes of the USG. If you produce privacy tech, they will eventually come after you. It’s not a question of if, but when.
Thank god nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx was on the nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu livestream tonight. Needed at least one person talking sense…
If Silk Road was still around today, we would not have the fentanyl epidemic we currently do. #FreeRoss
Happy 40th birthday to Ross Ulbricht. He deserves a Nobel Peace Prize, not a double life sentence + 40 years without the possibility of parole. #FreeRoss
After nearly a decade of “crypto” trying to feign utility, attempting to solve problems that don’t exist or can’t be solved with a blockchain, some are finally embracing its true product-market fit, gambling. The memecoin mania is the most refreshing thing in crypto. No pretense, just pure degenerate gambling.
I’ve seen people argue that @GaryGensler will approve $ETH ETFs because he doesn’t want to get sued. When has anyone in the government ever cared about getting sued?
There are no real repercussions for it. Taxpayer money is used for their defense, and there are no individual civil or criminal penalties if they lose. Perhaps a tiny bit of reputation damage, but that’s nothing.
If anything, the agency may use it as an excuse to grow their people and budget further to defend against lawsuits.
I’d put the odds in favor of Gary denying it. Most people in government don’t care about the law, because they can break it without repercussions, but especially not Gary.
The U.S. government has long weaponized private companies to violate the rights of individuals. This is just the latest in a string of incidents and likely just the tip of the iceberg. KYC / AML must be abolished. Private #Bitcoin usage fixes this.
The state of the union is one of the most absurd statist rituals. It’s nauseating how self-congratulatory those sociopaths are, cheering on the mass violation of human rights.
Please stop spreading misinformation about OTC desks “running out” of #bitcoin . It’s not happening, and doesn’t make sense as desks can easily source from the large number of counterparties they’re connected to (including multiple exchanges).
For the love of god, please no S2F price predictions this cycle 😫. S2F is statistically and logically invalid. #Bitcoin price increases if demand increases, and demand is influenced by countless factors.
Many people have a misunderstanding of #Bitcoin Over-The-Counter (OTC) trading. OTC trades do very much impact price. OTC “desks” work to source liquidity for large buys / sells (often via connection to multiple exchange counterparties). Their goal is to get buyers / sellers better execution than just slamming a large order on a single exchange which can price cause slippage. This is often done automatically via Request-For-Quote (RFQ) systems.
All trades impact spot price, even if they’re done OTC. E.g., many people take the other side of a large sell trade and would have bought from other sellers. A large marginal seller pushes down price. Granted if someone market bought / sold hundreds of millions on a single exchange, there would likely be ripple effects due to price slippage, but doing OTC would still 100% impact the price.
To learn more: