With #SamouraiWallet and now #PhoenixWallet going down plus #Metamask being sued by the #SEC all in the same week, it’s clear that Operation Choke-Point 2.0 is in full force, targeting #privacy tech and self-custody of #crypto. The compromise the government is willing to make:
- Buy #Bitcoin ETF if you want exposure to #BTC price
- Buy #MicroStrategy if you want exposure to leverage BTC
Acceptable?
True but let’s check back in 6 months and see if #Saylor has addressed the matter and in which terms if he does address it. So far Saylor has voiced his opinion against the use of #Bitcoin in a #privacy preserving way.
Probably 3 letter agency AI trolls 🤖 🧌
Of course #Saylor didn’t comment on the #Samourai case. This is not surprising considering that he has been vocal against one’s right to own private #Bitcoin.
#Privacy #BTC
We fight #CBDC by growing #Bitcoin adoption, now, we’ll fight #DigitalID by growing #GrapheneOS adoption.
#crypto #TSA #TheGreatReset
https://reclaimthenet.org/tsa-visited-apple-and-google-to-discuss-collaboration-for-digital-id
Crazy… I’m afraid that people who were mixing some bitcoins in a whirlpool won’t see their funds back since #SamouraiWallet appears to have stopped functioning or is it not how it works?
#Bitcoin #BTC #Privacy
If #Bitcoin is digital property then #Runes are graffitis. Some people appreciate them but most despise them. They have little to no value but cannot be stopped.
I like the #eCash / #XEC on-chain scaling roadmap.
I disagree, most fiat currencies have never been backed by gold and they are well adopted as a medium of exchange. #Bitcoin promise was to combine good hard money properties with those of the medium of exchange. It’s great on the former but hasn’t delivered on the latter. By the way this issue is true for all #crypto so far.
If it was convenient to buy #Bitcoin or pay with it then, more people would use it as a medium of exchange. You can always buy back the #BTC you spent. But it’s not so convenient particularly because of the tax treatment which is outside of the network’s control.
I don’t think the medium of exchange and store of value properties related to each others. They can happen in any order or stands on their own. Personally, I don’t see a path for #Bitcoin to become a global medium of exchange hence, I think what Saylor says makes sense but I would rather prefer to see Bitcoin influencers wanted to see Bitcoin evolving towards this use case rather than discounting it like it doesn’t matter. It’s almost like Saylor wants to rewrite but Bitcoin’s history.
Read the last paragraph of this article about Roger Ver’s book. It looks like #Zano (a still quite unknown #crypto) will get some free advertisement from this book release. https://finbold.com/btcs-hidden-history-hijacking-bitcoin-book-becomes-a-best-seller/
#Bitcoin #BTC #Monero #XMR
If you don’t understand yet the significance of Bittensor, please consider the following:
#Bitcoin is to the digital world what gold is to the physical world. It stores value.
#Ethereum is to the digital world what oil is to the physical world. It transforms value.
#Bittensor is to the digital world what human capital is to the physical world. It creates value.
#BTC #ETH #TAO #AI
I don’t know if a good money is the best form of property and I don’t think anyone can know this for sure (context matters and changes). But to circle back to my point, Saylor recently said #Bitcoin is not a medium of exchange meaning it’s not money (although Saylor also said many times that Bitcoin is money). I somewhat agree with Saylor on this with the nuance that #BTC is a medium of exchange but not a competitive one. https://x.com/squawkcnbc/status/1767205014307565691
I know Saylor said many times that #Bitcoin is money but he also recently said that Bitcoin is not a medium of exchange meaning it is not money. #MichaelSaylor is eloquent and thought-provoking but he also contradicts himself on many points. Here is the interview I’m referring to: https://x.com/squawkcnbc/status/1767205014307565691
I wish I could say that #MichaelSaylor is wrong when he says that #Bitcoin is not a currency but rather the best property one can own (not that I don’t want #BTC to be the best investment) but the facts rule in his favor. What are the odds for Bitcoin to be adopted as a global currency in the next decade? I would say not very high. Bitcoin is likely to be adopted as a global reserve asset though.
I always enjoy Deadalnix interviews. This one was a good opportunity to refresh my memory regarding the block size war. One of the most misunderstood fact from this period is that the big blockers were quite divided. This led to constant infighting within the #BitcoinCash community resulting in two additional forks: #BitcoinSV by #Faketoshi and #eCash by Deadalnix. Thanks nostr:npub12qz56plzehejkyp4waaannmnny4y4c30j8q55a3wlk49haslga2snypdx8 for this great interview and for giving an opportunity to the new Bitcoiners to catch up on one of the most important and dramatic event in #Bitcoin history. #BTC https://www.youtube.com/live/W780NnSOCko
The current discussions about future regulations for the #crypto industry in the US can be scary but there is still a possibility that the US make a 180 as we have a candidate with fair odds of wining that has very pro-crypto policies. Two key policies of #RFK are:
- Making the US a hub for crypto innovation
- Treating crypto like a currency for small transactions (no tax)
This is refreshing in comparison to the current discussions about wanted to put devs in jails and taxing unrealized Bitcoin gains.
#Kennedy24