Welcome to Nostr, nothing works the way you think it should, and it's beautiful.

GOOD MORNING NOSTR, LOGGING OFF FOR THE NEXT TWO DAYS TO FOCUS ON FAMILY, MERRY CHRISTMAS! APPRECIATE YOU ALL 🫡

How could it be implemented when this bill or similar one eventually passes?

Financial institutions

Banks, LSPs, mining pools, independent miners, exchanges, custodians,... fully KYC, KYB, AML compliant.

Bitcoin Network

Settlement network for financial institutions. Individuals and businesses have accounts with those financial institutions.

Lightning network

Payment network for businesses and individuals. Requires registration for individuals and businesses with a financial institution to gain access to the network.

Lighting channels

Legal channels are all owned and operated by financial institutions.

Lighting payments

All payments are compliant as they are processed and settled by financial institutions.

Miners

Purchases and sells of miners require KYC/KYB. Pool operators have to KYC/KYB hashers.

Nodes

If you are not a financial institution, you don't need a node. Financial institutions use their compliant nodes for their customers' transactions. Only people involved with illicit transactions need nodes.

Opting out

P2P will still exist, black market will emerge and the rest of the world will transact with US Bitcoiners, especially in jurisdictions where it's legal. After all, over 50 years of war on drugs hasn't stop the industry.

Foreign financial institutions

Reporting requirements on US customers will be extended to Bitcoin.

Enforcement

Enforcement doesn't have to be perfect to have a chilling effect. New laws and regulations will be added overtime to improve control. And for those who get caught, it will be a painful experience (asset confiscations, fines, jail time).

Impact on crime

The net positive will be an increase in activities dreamed criminal by the government. So crime will go up, and more means will be needed to combat those new criminals and jails to hodl them.

Why would the government pursue compliance and traceability of all financial transactions except for Bitcoin transactions?

IF THEY TRY TO BAN SELF CUSTODY RHR GONNA BE LIT THAT WEEK

10 days until mempools clear

this is going to be an absolute massive year for both nostr and bitcoin adoption - LFG 🫡

we know time travel will never be discovered because the bitcoin price is way too low

You can buy azteco sats from orangelabel.co for as little as 4.5% fee. That's a simple and private way to stack without a draconian exchange.

If you're degen and want to fill send with credit card you can do that too but it's 9.5% fee (Azteco fee + cc processing trad rails are slow and expensive visa lives to drain you fuck them)

All I'm saying is to stack like the state hates you.

It's been a while since I've posted something like this for the new Nostriches out there. First of all, welcome to Nostr! We're glad that you're here with us in the decentralized social future of communication.

We don't have algorithms here to bring our content forward, so that means that you must put in the work here on Nostr to get the most out of it, to have the most success here so that you're not feeling like you're posting into the void. Nostr puts you in control of your social graph for the very first time. This means you're going to have to put in a little effort here. You're in control of both your data and your own social interactions. Nothing is spoon fed to you here.

This means that you're going to want to follow a lot of people. 1000 is a good number. You're also going to want to engage with people often on their notes and your own notes. That way your comments are seen often and your notes stay fresh in people's minds. Next, you're going to want to boost your own notes, sometimes, throughout the day, if it's a good one! If you posted something that's a just pure fire and you think more people should see it, boost it yourself in 4 hours or so, enabling others around the globe to find it and see it.

Hashtags are a great way to find new and interesting people and their content. You can follow #grownostr for (hopefully) new and exciting non-Bitcoin content and you can follow #plebchain if you're a Bitcoin pleb looking to connect with other like-minded folks. If you like food, check out #foodstr for delicious food pics. If you like feet, well, we have #footstr here too 😆 We have plenty of hashtags that people post to often. You just need to find and follow them 😉

What’s Tik Tok?

I’m officially at the age where one day of drinking requires 2-3 days of recovery. 😅