What does that have to do with anything?

There is no federal regulation or license for physical gold traders or brokers and they are certainly not deemed money transmitters. Some states have seen the need to regulate this at the state level and some have not.

Why should this be any different for #Bitcoin .

He’s a Fed

The fastest way to check how good someone understands #bitcoin is to ask how much of their wealth they have in it.

Bank collapses incoming

Cause they don’t give a fuck and not standing up. Making a bad precedent

Holy fuck ! nostr:note1x4eqvy8kq0xhzct8vstlatcz2s4zaxvlqs73sngfzz6ls2tpvmds8whmtr

I expect this to happen within days or weeks from now

Will they go against self-custody next ?

As I said yesterday, samourai is just the first domino to fall. Non-KYC exchanges are next. After that, new 2025 IRS regs and form 1099-DA will seek to acquire identifying info on *every single transaction* made by *every single wallet*. This is a coordinated effort by all agencies to eliminate privacy in Bitcoin. nostr:note1l5s3k09tlhxne0qhdxjfad23c8c95nhkw6ley4gjgy0qfkupts5s64ycuy

yes, it's impossible to know how top zaps will actually be used out there in the wild. there is probably a lot we still don't understand about this feature.

but even if some portion of it ends up being an ad space auction, imho that's still very interesting. 100% of the proceeds going directly to the content creator is kinda wild.

top zaps will evolve for sure. we'll just have to observe how they are being used and improve things. the obvious next step is to provide some level of customization to note authors, so they can disable disable this or set threshold amounts. we want to do this in a standard way so all nostr clients can benefit.

in any case: 🍿 🍿 🍿

Now that the monetary inflation rate of #Bitcoin    has dropped below #Gold, it will be interesting to see if its market cap will exceed gold according to the stock to flow thesis.

In my view BTC will lag its S2F valuation by 5-10 years, the world simply doesn't move quickly. Custody infrastructure, regulations, trading instruments, asset manager acceptance all takes time.

They say #Bitcoin    and #Gold have no nationality.

But for Gold Russia, China and Australia dominate the flood of new supply which is growing exponentially.

Data:

@OurWorldInData

@CambridgeAltFin