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Peter Mazur
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Music, travels, hikes, and living in each moment

This came at the perfect time since I’ll be in Buenous Aires next week for a few days! I look forward to visiting there for my first time and to see how the blue (land orange) markets work.

https://fountain.fm/episode/xSecHOlWcfUZICfyuLA5

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My sister recommended this book and it’s pretty good so far… I’m surprised I have not heard of it through any bitcoiners though since it’s primarily about self sovereignty. I think it should be on the list - check it out!

Replying to Avatar whit

This is 1 of 2 replys 🫂

For me: Ross was the canary in the coal mine. 99% are slaves to ultra wealth. Most of us just don’t SCREAM like I do. 😂

But I wrote this earlier but still working on best practices since I haven’t read recent Presidents …

Let me know what you think

I. CONGRESS-READY BILL (FULL FORMAT)

H.R. ____ — Money Transmission Clarification Act

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE

This Act may be cited as the “Money Transmission Clarification Act.”

SECTION 2. DEFINITIONS

(a) Custody

The term custody means the ability to hold, possess, or retain funds, assets, or private cryptographic keys belonging to another person.

(b) Control

The term control means the ability to unilaterally direct, freeze, redirect, or prevent the transfer of funds belonging to another person.

SECTION 3. CLARIFICATION OF MONEY TRANSMISSION

Amendment to 18 U.S.C. § 1960

Add the following subsection:

(d) Custody or Control Requirement

A person or entity shall be deemed to operate a money transmitting business only if such person or entity accepts custody or exercises control over funds belonging to another person.

The provision of software, protocols, or technical services that do not involve custody or control of funds shall not, by itself, constitute money transmission.

SECTION 4. NON-CUSTODIAL SOFTWARE SAFE HARBOR

(e) Safe Harbor

The development, publication, or maintenance of non-custodial software, including open-source software, that allows users to independently control their own funds shall not constitute money transmission, provided the developer does not take custody or exercise control over such funds.

SECTION 5. RULE OF CONSTRUCTION

Nothing in this Act shall be construed to:

1. limit enforcement against custodial financial institutions;

2. legalize money laundering, fraud, or sanctions evasion;

3. exempt any person who knowingly takes custody or control of illicit funds.

II. MOCK JUDICIAL OPINION (HOW A COURT WOULD APPLY IT)

United States District Court

Opinion

The statute draws a clear and administrable line: liability follows custody or control.

Defendants who neither held private keys nor possessed unilateral authority to direct or block transactions cannot be said to have “accepted and transmitted” funds within the meaning of the statute.

The Court declines to extend criminal liability to the publication or maintenance of non-custodial software absent evidence of custody, control, or direct transaction execution.

To hold otherwise would collapse the distinction between tools and actors, a result inconsistent with due process and fair notice.

Holding:

Non-custodial developers are not money transmitters.

III. WHO OPPOSES THIS — AND WHY (POWER MAP)

1. Regulators (quiet resistance)

Why:

• Bright lines reduce discretionary power

• Enforcement becomes narrower and harder

What they’ll say:

“This could create loopholes.”

What it really means:

“We lose interpretive leverage.”

2. Law Enforcement (mixed)

Why:

• Easier cases disappear

• Harder investigations remain

Split:

• Investigators prefer clarity

• Prosecutors prefer flexibility

3. Large Compliance-Heavy Institutions

Why:

• Smaller builders get legal certainty

• Competitive moat shrinks

Translation:

“If everyone can build safely, we lose advantage.”

4. Surveillance-First Policy Advocates

Why:

• Privacy tech becomes explicitly protected

• Financial visibility decreases

Translation:

“We don’t like systems we can’t see into.”

IV. ONE-PAGE VISUAL EXPLAINER (TEXT VERSION)

You could turn this directly into a poster, slide, or quilt panel.

BITCOIN & THE LAW: ONE SIMPLE RULE

🔑 THE RULE

If you don’t hold the keys and you can’t move the money, you’re not a money transmitter.

🟢 LAWFUL & PROTECTED

• Holding your own Bitcoin

• Writing wallet software

• Running a node

• Mining

• Publishing open-source code

🔴 REGULATED & LICENSED

• Exchanges

• Custodial wallets

• Brokers

• Payment processors

• Custodial mixers

⚠️ CRIMINAL (UNCHANGED)

• Money laundering

• Fraud

• Sanctions evasion

• Custodial obfuscation

🧠 WHY THIS WORKS

• Aligns law with actual power

• Protects builders without shielding criminals

• Ends regulation by prosecution

• Preserves innovation and enforcement

V. HOW THIS LINES UP WITH REAL CASES

Ross Ulbricht

• Controlled platform

• Took commissions

• Directed transactions

✅ Still fully prosecutable

Samourai-type developers

• No custody

• No key control

• No transaction approval

❌ No money transmission liability

Custodial mixers

• Control funds

• Obfuscate custody

✅ Still prosecutable

VI. ONE-SENTENCE CLOSE (THE GENIUS OF IT)

This law doesn’t protect Bitcoin.

It protects the difference between tools and power.

That distinction is what modern society is struggling to articulate — and what this bill finally names.

Wow, that was a lot to unpack! I'm not a lawyer, but I write contracts and sometimes less words can be better. This seems very clear and I see your point on why Ross would still be prosecutable.

You wrote: "For me: Ross was the canary in the coal mine. 99% are slaves to ultra wealth." I agree with the first part in terms of him being the canary for freedom tech, digital privacy, etc. And, I agree with the second part about slaves. But, how are these two tied together? Why did you put those two thoughts together.?

Replying to Avatar whit

This is a very interesting comparison.

I think the argument is easily made that Silk Road primarily sold illegal things. But, it was an experiment in challenging government control and regulation. What people choose to buy and sell directly between each other should be their decision, yet the process to produce those goods can sometimes have negative outcomes.

I think the Samurai wallet wasn't as bad a thing as compared to the Silk Road, but both were freedom technologies. It seems Samurai was more for privacy whether it was good or bad transactions and likely most of them were good. However, those bad transactions could have been for the same purposes as the goods sold on Silk Road.

Either way, since both were freedom technologies and could help us all to be self sovereign down the road, Ross, Keonne, and William put a lot on the line to test these things out.

It will be interesting to see if they go after any criminals that may have used Samurai. It doesn't look like it so far. There were about 130 arrests related to vendors on Silk Road, from what I have found.

GM and MC and Happy Solstice!

My youngest son might not totally “get” Bitcoin yet, but he knows I do and he “got” me some really fun Christmas gifts 🥰🧡💚❤️

Great interview! I heard another one with Keonne the other day and I’m glad that you asked a bunch of different questions that helps understand some of the nuances. In my mind, this case against him ridiculous and unjust. I’m gonna sign the petition and forward it to other others.

Your book came in the mail the other day but I had to finish Alex Gladstein‘s “Check your financial privilege” first. (That was an amazing book!) I’m a couple chapters into yours and I’m enjoying it while learning even more about bitcoin. My father was Polish and left in 1940 on foot so it’s interesting to hear your family’s story That took place decades later.

Thanks for everything you’re doing!

I’m so hopeful for the future 😌

https://fountain.fm/episode/aYCRj0K9URUrrl9vFC4a

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Great interview!

I have heard “what’s good for the enemy is good for me” before and it seems to make sense, but I don’t know how to “sell” that to my extreme leftish friends who say they don’t trust Bitcoin because the other side is for it. I’m having a debate online right now with a good friend about this and I realize everyone bets bitcoin at the price they deserve, but I’m close to orange pilling this guy and could have used a little more discussion on this in the interview for some help to sell this idea.

Thanks for all y’all are doing!!!

https://fountain.fm/episode/BevfweoCtYU1Sz344W2F

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GM!

I am fortunate to have the opportunity to travel to Buenos Aires and then to Antarctica in a few weeks… if anyone has any travel tips for either of these places it would be appreciated!

Happy Thanksgiving Eve!

GM! Get your morning and evening red light as much as possible!

I'm trying my best to post as much as possible on other platforms without sounding like a lunatic. I do get some interactions, but most people still assume it's a scam and some friends have asked if I was hacked. But, the more I mention and post about it, the more it's out there and I almost always ask cashiers or anyone I'm buying something from "do you take Bitcoin", just so people are hearing it more. Sometimes, it results in conversations that I think will lead to someone doing more research.

GM! 🐫 🌞

I've had Fountain for a while, but keep listening to Podcasts on YT since all my fav Bitcoin shows are on there. I just went through and followed all I could find on Fountain and hereby commit that I'm going to start listening on there now. I also want to make Fountain where I listen to music, but not many of my fav artists are on there. I promote it to all my musician friends and whenever I see some sort of Spotify post on other social media platforms. I love that you can zap artists/creators!

GM! It's a funny reel. I saw it and then saw a nearly identical one, but he had a different shirt, it was night time, and a few other differences. AI doesn't sleep.

GM! I sold my house this week and moved into my paid-for house in the mountains. The several year long plan is falling into place. And, nice to have some cash to buy in this dip!

Many thanks go out to the Bitcoin podcasters and voices that have educated me tremendously in the past year 🙏 🙏 🙏 🧡 🧡 🧡

#stayhumblestacksats

I'm going there in January... what parts did you visit?

We walked by the US Mint while in Denver… on the bus tour the driver said “you this is where they print money”.

Replying to Avatar

Thanks... I've been meaning to make something like this!

GM! And, hello summer!

GM! Wouldn’t it be cool to be alive at the moment when the very last Bitcoin is mined?!?