We’re not bugs
I am neither. Just early.
Still on offer, nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg?
hvala
So I'm assuming you have to be a big time investor and influencer to get a primal URL?
the promise of bitcoin and online financial anonymity
"This is what has allowed millions of users of the cryptocurrency Bitcoin to send money virtually with minimal transaction costs, all using decentralized servers, and distributed confirmations recorded by other computers in the network (Mattila 2016).
This has allowed customers and firms to reap the benefits of a more decentralized currency system much more advanced than today’s banking system.
The main advantage of this decentralized system rests on three pillars: faster transactions, lower costs, and no
intermediaries. Transactions are carried through the network and confirmed by computers along the way, providing many layers of trust that serve to ensure both sides and to solve the problem of asymmetric information.
Whereas in previous systems, trust has to be exported to banks, financiers, or loan offices, in a distributed ledger system that trust is inherent in the system. That means the transaction costs found in previous market exchanges no longer apply in this model of peer-to-peer networks.
That is the true advancement of the trustless consensus that has led to massive spikes in the prices of cryptocurrencies over the past few years. To be able to carry that system over into the world of firms would prove to be most profitable."
For the academically-minded folks, I'm wondering how many of y'all wrote your master's or bachelor's thesis on something surrounding Bitcoin? I'd be interested in seeing other work.
Here's my economic master's dissertation from 2018, about a theory of decentralizing management without institutions, applying economist Ronald Coase's "theory of the firm" to lessons from Bitcoin's consensus and settlement layer
It seems Primal doesn't render habla dot news articles.
How about here?
not helping nostrich bot
I’m especially disappointed to see this proposed legislation co-authored by Hagerty (R-TN). He’s had ample exposure to nostr:npub1theparkprcs70dcs437ke9zzwsr6u60f8flu7rg28m30438aep9sd94dha in order to learn why this is deeply misguided.
and Tillis is my own NC Senator. Surely, he's gotten the talk from his fellow senator Ted Budd. The work continues.
thank you, I would hope the nostr influencers would help spread if it concerns them, but it seems they're too busy doing other stuff
Whatever this bill or future legislation requires, it is clear that non-custodial solutions and peer-to-peer transactions without any intermediary will have to remain the focus for scaling the adoption of Bitcoin and other cryptocurrencies.
nostr:note1t48m0w49qm9md62p6k6zfvdvl3s39ygqxtvxp08ruxk0nrq58nms9yw006
I know I get next-to-no reach on nostr, but this AML bill would be the most far-reaching federal action on your ability to acquire and use bitcoin.
Instead of supporting toothless “right to mine” bills, how about fighting against actual legislation that will ramp up financial surveillance on bitcoiners
nostr:note1t48m0w49qm9md62p6k6zfvdvl3s39ygqxtvxp08ruxk0nrq58nms9yw006
"The proposed draft, authored by Sens. Thom Tillis (R-NC) and Bill Hagerty (R-TN), would require digital asset institutions to maintain robust anti-money laundering programs to ensure compliance with security measures and verify all customer information.
It would also require filing Suspicious Activity Reports with the Financial Crimes Enforcement Network for any “suspicious transaction that it believes is relevant to the possible violation of any law or regulation,” beginning at $2,000. This overly broad definition extends to any crypto transactions that “serve no business or apparent lawful purpose” as determined by any crypto exchange, and they would be legally required to withhold information of this report from the customer."
NEW my article up at TheBlaze on the latest proposed AML/KYC rules for Bitcoin custodial services in the US:
"Rather than embracing the permissionless innovation that Bitcoin and its cryptocurrency offspring provide, these rules would force yet more financial surveillance and regulatory compliance on the next iteration of digital money, artificially choking the growth of this industry"
imagine it was your rent payment