We must reform the Bank Secrecy Act to better protect consumer financial privacy.
Sens. Mike Lee (UT) and Rick Scott (FL) have a bill to start the work by removing the arbitrary 1972-level $10K Suspicious Activity Reporting threshold and indexing it more appropriately to inflation ($75K today).
An inflation-indexed SAR limit removes the KYC compliance nightmare too many have to face.
Very happy to support this bill to finally rein in the Bank Secrecy Act!
NASCAR and Antitrust??
Now here’s something I know a thing or two about… 
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle what is the secret to opening a Strike account in Europe? I am trying, but you guys seem to not like me 😢
homeboy can't pass KYC
back on WRRN 99.5 radio in Myrtle Beach w/ host Joe Cats.
topics:
–Joys of Italy
–Flood devastation + Satellite Internet saves the day
–FCC loses billions connecting rural Americans
–Why housing is actually expensive (not AI software used by property owners nor immigration)
"CoinDesk identified more than a dozen crypto companies that unknowingly hired IT workers from the Democratic People's Republic of Korea (DPRK), including such well-established blockchain projects as Injective, ZeroLend, Fantom, Sushi, Yearn Finance and Cosmos Hub."
https://www.coindesk.com/tech/2024/10/02/how-north-korea-infiltrated-the-crypto-industry/
The book Capitalism, Socialism, and Democracy by the Austrian economist Joseph Schumpeter
I think I made it into Primal's trending notes today with this?
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it was to create more of a regulatory barrier (including limiting the computes), yes
For any Indians here, what are your opinions on UPI?
I've heard from so many that the payment system is great for merchants and consumers alike, and it may be a reason why bitcoin adoption is slower than other regions (apart from the question about the value of rupee)
Reminder that the #AI safety narrative is #BigTech propaganda aiming to gather support for strict AI regulations which would lead to broad censorship and regulatory capture of big tech on the industry.
https://reclaimthenet.org/governor-newsom-rejects-controversial-ai-bill
actually, most of the "Big Tech" in AI want open-source (apart from OpenAI), so they were happy to see this bill die. Safeytism is pushed by a few who want consolidated control
just wait until you can flip the cap onto the other side
Yes, however I see too many people using time and resources to attempt to make state adoption a reality over popular adoption, which is worrying. I did not reset my economic calculus based on bitcoin only to have to a "pay with bitcoin" box at the tax collector's office. It was to free myself from fiat's essential flaws.
Reading your piece, I understand your analysis. Bitcoin forces honesty, and it will increasingly become embraced among private and public institutions because of necessity more than virtue.
I somewhat agree with that.
My own intuition, however, is that many people are using significant time and resources to try to "orange pill" the state or its various representatives in what will end up mostly a symbolic measure.
The network improves as more nodes come on line, more transactions are processed, and more creativity is applied to the structuring of everything above (lightning, ark, etc.).
Fundamentally, though, the "honesty" of money argument (as Zechariah's flying Scroll) is more readily applied in the developing world and will take time to root elsewhere. In this sense, I accept the Schumpeter cycle that it will take some sort of demise or deep depression to restart the engine and move large institutions onto honest money (though the smart ones will have already pivoted).
As long as our focus, as users of bitcoin, developers, educators, and activists, remains on individuals empowering themselves independent of the "bitcoin strategy" of the state, we are better off.
The point was never to get the state to accept, acquire, or even buy bitcoin. It was to leave us alone to be free with sovereign money.
Best notification 
More services like these!
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Bitcoin and crypto users deserve good UX, but innovators and policy professionals must continue to educate on, protect, and defend self-custody as our universal directive.
Let people build innovative products and provide legal clarity to custodial solutions, but let's allow consumers, first and foremost, to embrace monetary sovereignty and keep cryptocurrency tech-neutral and free.
That was my message at the European Blockchain Convention in Barcelona this week.
Servus aus München!
