Yes for sure, once you've passed your capital over to the "tainted" side you can't effectively go back to commerce with the regulated side in some countries but that's the individuals decision.
Ultimately we're relying on competition between nations where one sees the value attracting capital by supporting privacy
They're going to keep shutting these down until privacy isn't down to a single coordinator, hopefully payjoins and coinjoins with nostr can help with that and things like this push the development forward
Looks like the US or Germany will be adding to their #Bitcoin pile after this #Cryptonator shutdown
https://www.theregister.com/2024/08/06/cryptonator_closure_international_operation/
Lambos go fast, but margin calls are faster
Me not knowing exactly what's going on with markets, nor where it's going next but glad I am not a trader, just doing my fiat job and stacking sats, while I sit back and watch people get blown out of the water
NORWAY IS GOING TO BAN BITCOIN MINING WITHOUT PUBLIC CONSULTATIONS -
WE NEED TO ACT NOW
Norway's Ministry of Digitalisation and Public Administration responded to @ODFoundation that it "has no plans to conduct a public consultation" on a ban on cryptocurrency mining.
There is no doubt that the ban designed to target #Bitcoin mining. Unfortunately, that's a stance of the @Stortinget and the Norwegian government.
🔴 Why we should protect our #freedomtech Bitcoin in #Norway NOW:
(1) Norway is fully integrated in the European Single Market throught the European Economic Area (EEA) and Schengen Agreement. It means Norway can provide its legilsative approach as an input for new legislation for the EU/EEA both:
- during the preparatory phase, when the @EU_Commission is developing proposals;
- during work of expert groups and committees of the European Commission;
- submitting proposals and comments to European Free Trade Association on upcoming legislation.
(2) As a co-founder of the @OECD , Norway sets an example of regulation worldwide and provides its legislative recommedations for global standards.
(3) Norway has historically been a place to meet, share experiences and educate human rights defenders and bitcoiners from around the world.
Norwegian goverment will present its investigation a ban on cryptocurrency mining by the end of 2024.
🔴 What we should do together to prevent Bitcoin mining ban:
(1) Repost this post and join our #BTC Coalition to educate local communities and media about social benefits of Bitcoin mining in Norway and worldwide;
(2) Help us pool resources and best practices to convince Norwegian politicians and media to explore the social benefits of Bitcoin to prevent this repressive regulation;
(3) If you are a Norwegian citizen: write a letter to your legislator and government asking for public consultation and providing arguments about the social benefits of Bitcoin mining for Norway.
🧡 https://video.nostr.build/8c4d22ba81461b980e8de30b0b4d90831eba257efd45e501408fdd26836ee9f0.mp4
Sweden already trying to soft ban them with energy pricing hikes/taxes, seems Bitcoin is no longer welcome in Scandinavia
2.1 trillion cooked in 2 days of trading, and 6.4 trillion gone globally in the space of 3 weeks, that's a lot of purchasing power, and people are pointing at #Bitcoin not holding up, bro you literally pausing trading on your capital markets, sit your ass down
Today's US market open is going to be a total vibe
Lol no business shall be conducted on continental ground, but man am I down for those 4 movies
Me not doing any technical analysis and still nailing the absolute bottom with my limit order
Lol riding the vol is for the brave or those with loads of breathing room to stomach the vol
For sure and 15x bigger, so it takes a lot more capital to move gold, if Bitcoin ever reaches that size we're at 500k a coin, Bitcoin is still a tiny market relative to gold
Lol i'm here for the big swings, if I had wealth to preserve I guess gold would look better, but I need preservation and growth, and every chance my modest 3rd world salary can get me more Bitcoin, i am happy
nostr:note1xykr5mdlwfuhl8sjveyptwqj336d50e6v9u0suc0hyen2r2d60fswzu4z917 years to save up for the deposit, 50 years to pay it off, then reverse mortgage to live in your golden years what could go wrong, keep pumping the ponzi
So #Bitcoin pukes 20% on the back of this market drama, while #gold is up and trending towards it's all-time high, get ready for precious metals promotors to dance on Bitcoins grave, trading like a risk asset.
Data from #CoinGlass shows over $1.05 billion in leveraged BTC positions were wiped out in the last 24 hours