The administrative state has effectively banned Bitcoin mixers in the US without having to pass any legislation.

I’m ashamed to admit I haven’t run my own node but I’m now going to. What’s the best way to go about it? Raspi? Cheap laptop? Any tips appreciated!

Self-custody is a hill to die on.

But so is self-hosting.

Intermediaries: you will deputized, or you will be destroyed. Maybe not today, but they're coming for you.

I don’t know who needs to hear this but the Covid mask 😷 that you wore for two years never did anything.

FATF Member Countries

Argentina

Australia

Austria

Belgium

Brazil

Canada

China

Denmark

Finland

France

Germany

Greece

Hong Kong, China

Iceland

India

Indonesia

Ireland

Israel

Italy

Japan

Korea

Luxembourg

Malaysia

Mexico

Netherlands

New Zealand

Norway

Portugal

Russian Federation *

Saudi Arabia

Singapore

South Africa

Spain

Sweden

Switzerland

Türkiye

United Kingdom

United States

Samourai’s server was an Iceland, it was seized. One of the devs was in Portugal, he was arrested and extradited.

Yes, there is nothing to stop them

Ooohhhhhh SNAP!

nostr:note1m78l8yq4svjzerf7ga4muapn6awwp8ld4rc426yvurz5glh84yvqrq6hnp

As I said yesterday, samourai is just the first domino to fall. Non-KYC exchanges are next. After that, new 2025 IRS regs and form 1099-DA will seek to acquire identifying info on *every single transaction* made by *every single wallet*. This is a coordinated effort by all agencies to eliminate privacy in Bitcoin. nostr:note1l5s3k09tlhxne0qhdxjfad23c8c95nhkw6ley4gjgy0qfkupts5s64ycuy

Public Service Announcement: Get Fucked, FBI.

The entire developed world tax apparatus that was built in the 20th century and extends into the 21st century depends on ubiquitous financial surveillance.

They are not going to give that up without a fight. I have been saying at a number of conferences and podcasts that privacy is the main battleground for the next decade.

Back in the 19th century and before, money was mostly private. There were plenty of dictators but there was no major method of surveilling all transactions. Therefore things like broad income taxes were untenable to enforce.

But in the 20th century as money increasingly moved around at the speed of light, people needed bank accounts to keep up. It wasn’t all forced on them; they chose it. And those bank accounts were centralized, surveillable, and ruggable.

This allowed authorities to switch to income taxes, which require ubiquitous financial surveillance to work. And ultimately it allowed them to switch to fiat currency altogether.

Now in the 21st century, Bitcoin and its various layers allow people to hold and move around money globally without permissioned banks. They can do so peer to peer, or they can do so with custodians and open layers, etc. Unlike the base layer of fiat, the base layer of bitcoin is permissionless.

But this represents a threat to the entire current system of taxation and financial control. If bitcoin and particularly various private methods on top of it were to be adopted at massive scale, the entire tax structure and other things would need to reshape themselves around that reality. And so they won’t make it easy; they will try to criminalize financial privacy as much as possible while the network is still pretty small.

The only solutions are to 1) make privacy tech so ubiquitous that it can’t be isolated and can spread organically in a distributed way and 2) to apply legal pressure when possible so that governments sort of have to operate within the bounds of their own law, like the 1st and 4th amendments.