Keep calm and HODL #Bitcoin.
Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down.
Samourai
You have to unpack all of the different elements. Could this be a state attack on self-custody and privacy? Maybe. Probably not.
There are a few components here that need to be evaluated on their own.
1⃣ Samourai was a self-custodial wallet
2⃣ Samourai was a mixer
3⃣ Samourai was providing normal people with privacy
4⃣ Samourai were knowingly marketing the service to criminals and flaunting that fact
Reading the charges, it seems like #4 is pretty cut and dry for this case. Their getting arrested for #4, doesn't automatically mean #1, #2, #3 are under siege as well. If Samourai was a taco stand laundering money and bragging about it, I'm sure they would be taken down too.
They may be accused of running a money transmitter now, but that may or may not stick. We'll find out in the trial.
All that said, we should always be vigilant to attempts to erode privacy and the ability to self-custody. It just does not seem that this fight is *that* fight.
FBI PSA
Seems pretty normal that the FBI would advise people to use compliant services, and the entire announcement seems to revolve around potential disruptions due to Samourai being taken down, and potentially others in the future. Given they took action, they have to post some bulletin about it.
Remember that when people lose funds or have funds stolen from them, they do go to the FBI for help. From their point of view, the best thing for people to do is use compliant services where they can potentially help.
The announcement concludes saying that services that purposely break the law will be investigated - so again we go back to #4 above. This is nothing new, and self-custody is not being criminalized.
Phoenix Leaving
As nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m said, it's feels completely unnecessary. Phoenix obviously is not a MSB and they are not doing anything illegal. In my view, their exit from the US app stores is a complete overreaction.
Keep Calm
Could "they" come after wallets, developers, mixers, nodes, LSPs, sidechains, eCash, VPNs, encryption, etc? It's totally possible. But if you're not breaking the law, you have nothing to worry about.
To my knowledge, there is still rule of law in the US, property rights are still protected, and privacy is enshrined in the Bill of Rights (nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu).
It would be very difficult to change the law or stretch it to incriminate these things because it's all just information and software, which is speech. Some will try. But as they are trying, #Bitcoin is becoming more and more mainstream and integral to the world's financial system.
#Bitcoin is freedom technology and it will continue on.
Go outside this weekend and think about why you're here.
Thanks helpful, and it seems my sap failed to go thru. Will try again later as advised. It also seems like Samourai should have just advised the criminals to stick with the $100 dollar bill.
Truly appreciated breakdown but I'd really appreciate hearing your take on supply and demand issues. Particularly, why with all the added institutional adoption, ETF's and other favorable demands on Bitcoins dwindling supply, why the fiat price has not rocketed thru the outskirts of the galaxy yet?
Thanks again and much peace to you and yours.
Money doesn't actually make the world go around, and nor does cash rule everything around us. In fact it is our relations one to another that has gotten us this far.
-
The 1940s vs 2020s: Debt Levels, Monetary Policy, and Cryptos as Global Currencies https://youtu.be/DnpczZRBeE0?si=NwqL0YSiZM6X--Kp via @YouTube
This is huge and getting little to no attention. The law forsaken for the sake of genocide? The long planners are desperate as fuck.
-
Global Breakdown of International Law Amid Flagrant War Crimes in Gaza & Beyond, Says Amnesty Chief... https://youtu.be/9C2vPzWhm7Y?si=vxo3qSEGtpGYjZGI via @YouTube
“The dust of controversy is merely the falsehood flying off.”
— Thomas Carlyle (1795-1881) British historian and essayist.
American Nazi, Ashkenazi, Zionist 4th Riech https://kevskewl.wordpress.com/2016/05/13/american-nazi-ashkenazi-zionist-4th-riech/ - #Resource
The Character Of Our Enemy: the British Zionist Masonic Mafia party, Anton Chaitkin (1993)
I tracked it back to X as well. It popped up about an hour ago without any other referencing. Nothing is unbelievable today bit without out an underlining article, it's just more unfortunate distraction, noise in a sea of noise.
When I say they're Nazis, do your research. I literally mean they are fucking Nazis.
When asked, what happened to the Mafia, one could say, they went the way of the Nazis, dispersed into corporate governance across the globe. All in adherence to Vatican papal bull proclamations.
All in the name of god.
https://kevskewl.wordpress.com/2016/02/06/why-papal-bull-claiming-dominion-over-you-still-matters/
Exactly, time expose and heals all dis-ease.
Surely it is, but reality just the same. Better than living in a bubble of pretense. Thanks !
They know what they're doing, it's all planned out. They knew what they were doing when they offshored our jobs. Just as they knew damn well that weaponizing the dollar would bring about the end of its world reserve currency status, thrusting the US into poverty. #ReSubjugation?
They're not stupid, they just don't represent you
Blinken's Diplomatic Blunder and the Neocons' Crumbling Quest for World Domination.
Still human here. Thanks !
Yes, the only reason I'm still here. I see you guys standing strong among or above, all the week and silent, go along to get along willfully blind wannabees. Salute !
First hard chuckle of the day. Much appreciated.
Agreed, but without aging men like us planting seeds we wont see the benefit of, it's over already. So the like minded must plant seeds. A lot of fucking seeds. Thanks, much peace too.
Revolutionary lyrics for an absolutely lovely day,, Everyday.
Bill Withers - Lovely Day (Official Audio) https://youtu.be/bEeaS6fuUoA?si=1ZEDwWB9tYHKDX0w via @YouTube
In the spirit of accepting content, over and in spite of source.
-
Jordan Peterson - Willful Blindness https://youtu.be/7xGeHhqTzGM?si=Lro5B3zqR1j7KqyD via @YouTube
Abracadabra https://www.youtube.com/watch?v=7QyoRzZrF00 
No warm and fuzzy greeting today Nostr,,
Wake the Fuck Up !
-
It's all science, do the math. We are being warred upon by way of deception.
-
In that they have NO CREDIBILITY,, None at all, and are unreliable. untrustworthy. and untruthful, we can not expect them to represent us.
-
They're thieves and ultimately it's a system built on theft genius. 