River is the most important company in bitcoin for me right now.

My current exchange of preference and one I recommend is Strike. I like what Mallers has built.

But Mallers lately has shown his natural base case is TDS, (this extremely political take is not political, trust me bro) and if his company follows his lead off the deep end of liberal self-destruction then I like having River as a viable alternative.

It’s easy to tell that River has more mature leadership. Not that Jack won’t mature, but growing pains are more easily noticed at this stage of his business.

None of your words change the words of the constitution.

I said their motives don’t matter if the words work.

That’s what needs fixing.

Too risky ATM for me, even tho I like the idea of “buy (btc), borrow (fiat), die”

I care not about the “why” as the language itself has worked well, until recently.

The Catholics aren’t responsible for 10A not being enforced, so your point is moot to me.

An illusion until a majority of the justices apply it without fear or favor.

The Roe reversal was an example. It was not applied for 50 years, then applied correctly.

Now they need to undo all the FDR socialist shenanigans, BSA, patriot act, etc.

Don’t hold your breath.

If applied correctly, tho, especially 10A, the country is very strong. Send anything not in the constitution back to the states and let the states tax their people until they move out. It will autocorrect.

The budget is balanced overnight and the debt can be paid.

We’d all be arguing over entitlements at the state level, as designed.

I think that is established.

The stickier point is your custodial bitcoin securing a loan when a company like XXI is taken down.

Let’s assume they are “good” actors, and the elements of the book are executed. Jack would be forced to give Jamie Dimon your bitcoin or go to prison.

The Bank Secrecy Act (BSA) of 1970 arguably violates the U.S. Constitution on several grounds:

1 Fourth Amendment (Unreasonable Searches and Seizures): The BSA requires financial institutions to report transactions over $10,000 and maintain records subject to government inspection without a warrant. This blanket surveillance lacks individualized suspicion, violating the Fourth Amendment’s protection against unreasonable searches. In United States v. Miller (1976), the Supreme Court held that bank records are not protected under the Fourth Amendment due to the third-party doctrine, but critics argue this enables unchecked government access to private financial data, undermining privacy rights.

2 Fifth Amendment (Due Process and Self-Incrimination): The BSA’s reporting requirements, like Suspicious Activity Reports (SARs), compel banks to act as government agents, collecting and disclosing customer information without clear notice or consent. This may violate due process by bypassing judicial oversight. Additionally, forcing individuals to disclose financial details through Currency Transaction Reports (CTRs) could implicate self-incrimination, though courts have not fully upheld this view (see California Bankers Assn. v. Shultz, 1974).

3 Tenth Amendment (Federal Overreach): The BSA imposes federal mandates on private banks, arguably exceeding Congress’s enumerated powers and infringing on state authority over local financial institutions. The Act’s broad regulatory scope lacks a clear constitutional basis beyond the Commerce Clause, which critics argue is overstretched.

While courts have generally upheld the BSA, these constitutional tensions remain debated, particularly as surveillance expands with amendments like those in the Patriot Act.

Glad you agree.

I think it should be Veterans Month.

Pride celebrations are thankfully on the massive decline. Nature is healing.

Groomers don’t deserve a month.

Not sorry.

It violates the 4th amendment, “right to be secure in their … effects “

Supreme Court has dropped the ball too much since FDR.

i think the non-priviliged entities will be reluctant to forfeit assets as well. Ultimately it sounds like they'll lose, and the assets will be taken, but its not as simple as "the banks will just take everything."

I think the fed needs to be dissolved, but short of that, the fed should be transitioned *away* from private (banker cabal) ownership and into a board of 50 governors with each state getting a rep for more decentralized governance.

I think its time to bang the drum that the "creature" is not consistent with the constitution or the american ethos.

I totally agree

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

After listening to “the great taking “ on bitcoin audible I think it adds an important risk to bitcoin loans, even if not re-hypothecated.

If saylor or 21 or strike do this at scale then the “asset” seizure would be your sats.

I think companies like 21 could be influential in changing this. They could use their platform to promote mining decentralization and educate / incentivize actions that promote it.

this is step one to cashu world domination.

if cashapp just opened a mint, then there could be zero fee cashu nuts flying around.

Blackrock et al should not be on this list.

They “control” that number of bitcoin so there is seizure risk?

Then coinbase should be #1 since they actually “control” more than satoshi.

Everyone should check out chorus!

https://chorus.community/

Dorsey’s ecash nostr thing.

Liz Warren was asked to speak, but her and all your Euro socialists declined.

You’re gonna have to face the reality that communists don’t like bitcoin.

It’s way too confusing.

I’m hopeful for a NWC “just works” future where my ecash is just in my node on Zeus.

Voided my og Xbox warranty with xbmc and never looked back.

Welcome!