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ferreyro
75a234c8822993b45c65f322d39eba51667538b6692ac06f28ec6159cc2171c0
Product designer. I like mountains, Bitcoin, economics and whatever challenges my intelligence. 🇦🇷🚬

Most people only want to hear that Bitcoin is going to be worth millions because all they actually care is getting richer. It's understandable. Not what I like to see, but understandable.

Replying to Avatar L0la L33tz

So a lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers.

While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening.

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Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act.

This includes:

-> single use addresses, wallets and accounts

-> swapping between networks & chains

-> mixers, obviously

-> “pooling” or “aggregating” cryptocurrencies from multiple wallets

Many will now say: oh, but there’s so much good language in the report as well, like the protection of self-custody.

That’s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users.

That’s why the White House additionally urges Congress to *expand the PATRIOT Act* and *amend the BSA to cover “DeFi” services*.

To ensure compliance in “DeFi,” the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that “DeFi” services have the power to approve transactions.

Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one.

I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of shit, my dudes.

This guy is a greedy evil man. All he cares about is HIS bitcoins going up at all cost. To achieve that he'll say what ever amount of bullshit it's necessary.

Sono molto contento di aver trovato un podcast su Bitcoin piu bello, e anche in Italiano!

https://youtu.be/pOViiFziwOY?si=zHaXvLiemkWXk-XI

In Argentina, we have a tax called RG 4815: a 35% surcharge on any foreign purchase — like buying in USD, paying for services abroad, or using your card while traveling.

It’s not a final tax. It’s a “just in case” advance for income or wealth taxes.

If you don’t actually owe those taxes, you can ask for a refund the following year and wait months for it to (maybe) arrive.

Basically: they take it now, you figure it out later.

#Argentina #FinancialAbsurdities

The streets of Rome sound like Saturday in Argentina.

Sunrise in Mar del Plata

every day more and more I feel like we're going towardsa digital gold and not cash usecase

"The truth is, one who seeks to achieve freedom by petitioning those in power to give it to him has already failed, regardless of the response. To beg for the blessing of 'authority' is to accept that the choice is the master's alone to make, which means that the person is already, by definition, a slave."

- Larken Rose