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Yaël
a367f9eb1cb3a241a7f3646f31cd6d597bbbbf8eaeb5cd2e707d09b00633efea
deputy director @ consumer choice center fellow @ bitcoin policy institute québécois-american innocent abroad in Wien

re: tornado cash, Samourai Wallet

Never forget last year many states were duped into thinking the UCC was some kind of CBDC plot, w/o realizing it protects self-custody + noncustodial services better than any feel good bitcoin "law".

This was the direct result of everyone's favorite "bitcoin lobbyist".

Just remember that before sending your hard-earned sats to do performative nonsense in state legislatures.

context: https://www.btcpolicy.org/articles/in-attempt-to-stop-cbdcs-states-are-rejecting-ostensibly-pro-bitcoin-legislation

They're actually wrong. It's called the Uniform Commercial Code Article 12, which deems allows for "control" of cryptocurrency via what they call "Controllable Electronic Records". Passed in most states, and we've been pushing for more.

As far as we know right now, yes. Consequently, if you need to provide any transaction details for accounting, BTCPay Server makes that quite simple with easy excel or CSV exports

O, you and I have heard our fathers say

There was a Brutus once that would have brooked

Th'eternal devil to keep his state in Rome

As easily as a king.

BTCPay Server, and then just create separate wallets. More liquidity, still enough division

The policy solution to Phoenix Wallet shutting down in the U.S.:

Every state banking supervisor should issue immediate guidance that noncustodial bitcoin and crypto services ARE NOT money transmission businesses.

so far, this is the only way to "rate" the various mints people have joined, right? It's all word of mouth right now, I take it

https://bitcoinmints.com/?tab=mints

Money transmission laws, set by states, need modernization, clarifying that noncustodial crypto services DO NOT fall under MSB territory.

At the same time, for the remaining custodial services, it should be made as easy as possible to acquire one of these licenses.

I wrote model language for a state-level bill for reciprocity of Money Transmitter Licenses, and I will expand it ensure noncustodial services would not fall under MTL within that language. Working with state lawmakers to introduce where I can.

This is the stuff that matters, and I hope many bitcoiners stop supporting unenforceable "feel good" bitcoin bills in states that do nothing. States have dominion over money transmission rules and enshrining into law the non-application for noncustodial services should be a priority.

https://github.com/yaeloss/Bitcoin-Model-Policies/tree/main/Smart-Cryptocurrency-Rules-Act

FBI front-running the duly-elected Congress by creating its own policies on what bitcoin and cryptocurrency privacy services (AND CODE) are legal or not.

An unconscionable scare tactic akin to the post-9/11 “color warnings” to change public opinion. “Caution” over freedom.

nostr:note1l5s3k09tlhxne0qhdxjfad23c8c95nhkw6ley4gjgy0qfkupts5s64ycuy

times really don't change. the reddit cesspool continues unabated

Writing code that facilitates collaborative transactions is not a crime.

#FreeSamourai

“Money is the sinew of war”

—Marcus Tullius Cicero

Ego is the enemy

Replying to Avatar Marty Bent

Whenever politicians clutch pearls or attempt to brow beat bitcoiners about money laundering it is important to remind them that the US government is the biggest money launderer on the planet.

The Treasury issues debt out of thin air, the money gets handed to the Department of Defense and they overpay defense contractors 900x for commonplace nuts and bolts, among other things. This leads to obscene profits for the war industry and they shave off a small chunk of those profits to ensure the politicians that will vote for bigger defense budgets stay in power. Rinse and repeat.

This isn’t confined to the war industry either. It happens across the spectrum. Another example is Operation Warp Speed, which was an example of the Federal government directly funding and obscenely overpaying for a COVID vaccine that poisoned people.

What we’re witnessing is the largest “looting of the treasury” in human history. Politicians and the corporate interests that back them are robbing the American people blind. Taking their money directly via taxes, indirectly via inflation and at the same time running up the biggest government debt bill the world has ever seen.

The politicians who enable this and then clutch pearls about bitcoin’s potential to enable money laundering are the scum of the Earth.

We are all being robbed in broad daylight and the thieves are making you out to be the criminal. Truly diabolical

The government is not your friend. It exist to strip you of your wealth and your freedom.

https://m.primal.net/HyRl.mov

🫴The latest privacy bill discussed in DC starts strong, but falls into the trap of exempting government (🚨) and empowering the FTC and trial lawyers in ways that won't be helpful to consumers or innovators

my TV hit on the Steve Gruber Show this morning to talk privacy and innovation

http://oss.yael.at/YO-GRUBER.mp4

Most "privacy activists" in the EU are more concerned with stopping free enterprise than enhancing people's privacy.

There are tools and tech that are very empowering for consumers and users, available now.

The fact that they don't educate about this reveals the true intention.