#Monero is outperforming the #crypto market without ETF approval or memetic hype. The market is starting to realize that private sound digital cash has been mispriced. The price readjustment is going to be wild for #XMR.
'The AEPD’s investigation is not isolated; similar concerns have been raised by data protection authorities in other countries, including Germany and Hong Kong.'
https://bitcoinist.com/worldcoins-data-collection-activities-pause-spain/
Proof-of-personhood systems will revolutionize democracies by allowing them to be digital and borderless. However, we can’t accept those systems to be controlled by a corporation and have them collect personal data. We need #ProofOfPersonhood #blockchain such as #Idena.io that are decentralized and do not collect personal data.
It looks to me that a lot of #Bitcoin money is moving to #Monero 👀
The #Trump trial is obviously a farce but I suspect it’s well planned one which is part of a reverse psychology #psyop. Orange man, old man, same master.
Victims of mainstream conformity enforcement will vote #Biden.
Victims of reverse psychology will vote #Trump.
At each Presidential Election they play the false dilemma card.
Blue or red? One team. One master.
One ironic second-order effect #FIT21 could have on future #blockchain launches is that it would incentivize fairer token distribution as to not qualify the digital asset as a security. I said it would be ironic because no one would expect government regulations to be the driver for greater decentralization in the #crypto industry. It says a lot about how bad it has become.
Even Orwell didn’t see that one coming.
#EU #TheGreatReset #Censorship #FreeSpeech
https://reclaimthenet.org/the-eu-is-on-the-brink-off-making-hate-speech-a-serious-crime
Mastercard launching a P2P #crypto network 🤷♂️😂 nostr:note1vw992xvvlwg0pc5f4wwsx0umywgjfq8m46jwz0fwgfrczyzxcyvs3rsgte
Also, based on what I understand from this bill, I don’t think that the intent of the bill is to squash innovation in the #crypto industry or to make every dev an outlaw for publishing code. It also may put a halt to the blind enforcement actions we’ve seen from federal agencies. I think from a US dev perspective this bill would be a plus.
From a #crypto perspective I agree that we don’t need regulations but regulators are going to regulate sooner or later because that’s what they do.
Where do you see that Uniswap would need to comply with AML regulations? As far as I can tell the bill indicates the opposite as it excludes #DeFi from registration.
On Satoshi, I’m not sure he would have had to register with the SEC. At least, at the point where he held less than 20% of the #Bitcoin supply, the network would have been considered decentralized and the SEC would have had 60 days to demonstrate the opposite or Bitcoin would become a digital commodities.
I don’t really know how this thing is going to play out in practice (if the bill becomes law which it hasn’t yet) considering that crypto is greatly borderless.
Again, I’m not particularly in favor of those regulations but they will happen and this one doesn’t seem too bad there are certainly still a lot of unknown especially on the treatment of stablecoins. I would say the positive of the bill is for US devs that would have much greater clarity.
Here is the best breakdown of #FIT21 that I’ve read to date.
#HR4763 #Blockchain #Crypto #Defi #SEC #CFTC #Web3
That’s why they let the petty crime rampant. You need a problem before deploying a solution. The « solution » would be a lot less acceptable if there weren’t a specific problem to solve. But hey, are you not for more #surveillance if it helps fighting crime? Same logic than for justifying KYC, online age verification and client-side scanning. People need to wake up before their #privacy is totally gone.
You’re comparing the fungibility of fiat banknotes (which relies on a central authority for their issuance) to Bitcoin. Actually with Bitcoin, it is the intermediaries that degrade the fungibility of Bitcoin.
But you would be able to exchange this note for a new one at the bank so I would consider this as fungible.
Satoshi is innovator, I’m sure he would have been in favor of the wave of #crypto experimentations that emerged from #Bitcoin.
I just learnt about a bad bill aiming to ban algorithmic #stablecoin that was introduced by Sen. Lummis who’s viewed as pro #crypto.
https://www.coincenter.org/senate-bill-risks-innovation-and-free-speech-with-stablecoin-ban/
As it pertains to #stablecoin, #FIT21 only refers to « permitted payment stablecoins » which are defined as stablecoins backed by national currencies such as #USDT or #USDC. It doesn’t seem to indicate a ban on other forms of stablecoins or how those would be treated. I understand that they would be treated like others digital assets meaning as a security or commodity depending on the level of decentralization.
Strategically, the US Treasury has no interest in killing the #DeFi ecosystem. However, it wants to ensure that a treasury backed stablecoin remains the dominant #stablecoin in the ecosystem as to grow the global demand from US treasuries from this ecosystem.
As we are seeing with the #Mica regulations coming for the EU, the US Treasury cannot count on centralized exchanges regulated by foreign jurisdictions to keep US backed stablecoins on those platforms.
Also, the US Treasury doesn’t want to see the emergence of #crypto backed stablecoins that could compete against US backed stablecoins.
If you look at the #FIT21 bill and other proposed US bills, it seems that keeping DeFi out of reach of the regulators plus establishing a standard for a US backed stablecoin are two strategic moves that would align with the interest of the US Treasury to grow an emerging demand channel for US treasuries.
#Idena validation is tomorrow! Validate your identity and earn the right to mine #iDNA. No specialized hardware, no token, no biometrics and #noKYC required to start earning. Create your account at https://app.idena.io/ and join a network 1,800+ participants.
#ProofOfPersonhood #crypto #blockchain
This is bullish for #nostr! I wish it had a token that I can invest in.
#DigitalID #KYC
https://reclaimthenet.org/california-approves-online-digital-id-rules-for-social-media-use