I have some links to research into the topic in this piece.

> The United Nations Office on Drugs and Crime estimated that only 0.2% of criminal proceeds are confiscated. Other estimates suggest a success rate from such anti-money laundering rules of 0.07% — a rounding error for organized crime.

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Tim Scott announces Senate Banking Committee hearings on debanking and Operation Chokepoint 2.0, set for February 5, 2025.

The tide is turning on financial censorship.

Sorry, I missed your comment. In the discussion, I talk about the effects these requirements may have on scaring people away from using banks and other financial institutions.

I give the example of a police car station in a corner in a neighborhood scaring away thieves. Even if the police doesn't catch anybody, the thieves will go in another neighborhood with their isn't a police car. So in that regard, it does serve a purpose.

I still don't think it's worth removing the liberties and freedoms and rights of every citizen in order to do that, however.

Nobody:

WiFi passwords in Germany:

Sad but Lummis is head of the committee so we might be in good hands. They won't add shitcoins to the stockpile will just keep holding the shitcoins they currently hold. Maybe they add to Bitcoin stockpile though.

🚨BREAKING: The @SECGov has officially RESCINDED SAB 121.

It's official: Trump just rescinded SAB 121.

Banks who want to custody bitcoin will be able to do so, without being harassed by federal agencies.

The floodgates are open.

Not a bad first step, I'd say.

It's pretty disturbing that we're watching a fund linked directly to the president accumulate every shitcoin under the sun presumably in preparation to announce extremely favorable policy that will pump his bags, and almost no one in charge is pushing back against the ethics.

Will the National Digital Asset Stockpile be denominated in Bitcoin?

One week ago, the NY Post reported that President Trump is considering "prioritizing digital coins founded in the US.”

This would include coins like Solana, USDC, and Ripple.

A long run for a short slide, as they say.

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My biggest fear for Bitcoin's future is that it becomes like email.

The cypherpunks and much of the tech that helped build up Bitcoin were based on remailers - web servers that could anonymously forward email under the right settings. Governments didn't fight email as a protocol - rather they embraced the companies that provided easy onboarding for the vast majority of people (Google and Gmail, Microsoft and Outlook/Hotmail) and leaned on them for data. Private companies built the surveillance rails of the Internet while being separated "enough" from the state to be "cool". Might it be the same with Coinbase and Binance (which has developed perhaps one of the most sophisticated views of Lightning Network)?

Now the reality is that you can use encrypted email, anonymous remailers and set up your own email server - yet very few people choose to do so - few enough that you taking these actions probably flags you on a list. Might it be the same with people who choose to set up their own nodes in the future (or perhaps already in the present?).

Trump buying wBTC instead of actual BTC. What a collosal fail.

I’ll tell you ahead of time.

The watchmen are retarded. They were retarded for the Middle East. They were retarded for the Patriot act. And they’re still retarded now.

Don’t give them information. Pressure them every step of the way. Assume retardation whenever possible.

Mock them when a meme presents itself.

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