Do you realise how much it would cost to litigate a case like that?
Tbf he’s just saying something that’s factually true. Not that it should be that way, but it is.
But you still have to kyc to cash out, and go through the regular financial systems to get it to your bank account.. since you can’t really buy anything with bitcoin.
I know “muh decentralised exchanges” but anyone that uses them is almost certainly violating AML and other laws, especially if you use them routinely.
Bitcoin doesn’t really do anything to hinder the traditional gatekeepers though.
LMAO what?? That doesn’t make you suspicious?
I like Apple stuff, but this is p dumb tbh.
You’re probably right, the network effect is a real thing.
Some of them are moving to fedi, there’s a thing called lemmy that’s like federated reddit.
It really depends on the circumstances of the case, but anyway, pit bulls should just be exterminated.
This video was flagged as "Sensitive content" on Twitter so I decided to repost it here.
https://cdn.satellite.earth/bd1c6cd63897829f3ae1a8994009b678f6db78ecc107ee1ce4d51cc8820290d3.mp4
Did you make it? It’s p neat.
Well, the legislation is being written now in response to the ridiculous fraud that’s been happening for years, so expect a major crackdown soon.
But yeah, the government forces you to tell them about your crypto assets and report any income and so on, just like fiat so I don’t see how bitcoin is “liberating” you from that system. In terms of p2p exchanges for cash, that’s almost certainly a violation of AML laws already so this idea that you can just hide your assets and activity from government simply isn’t true.
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?name=OmPpFtzKAB04nA.pngNostr does need more drama.
The SEC isn’t really there to protect you against market downturns, esp crypto scams that you willingly buy into.