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If you support Bitcoin you are my friend

Hey Farva what's the name of that restaurant you like with all the goofy shit on the walls and the mozzarella sticks?

Replying to Avatar walker

While everyone euphoric from this #bitcoin pump, now would be a good time to submit your comments to FinCEN regarding the proposed totalitarian surveillance rule that was just published.

**Comments are due by January 22, 2024.**

PLEASE REPLY TO THIS NOTE and add the text of comments you submit for others to utilize in their submissions.

***

Comments must be submitted by one of the following methods:

Federal E-rulemaking Portal: https://www.regulations.gov.

Follow the instructions for submitting comments. Refer to Docket Number FINCEN–2023–0016 in the submission.

Mail:

Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN–2023–0016 in the submission.

***

Here is the FinCen “Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern” which was added to the Federal Registrar today:

https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

***

Here is some info on global money laundering that may be helpful:

https://withpersona.com/blog/the-most-mind-blowing-money-laundering-statistics-of-2022

PLEASE ADD ANY OTHER LINKS, IDEAS, COMMENTS THAT MAY BE HELPFUL FOR OTHERS TO UTILIZE ⬇️

GPT created comment

************

Dear FinCEN,

I am writing to express my strong opposition to the Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern.

This proposal is a misguided overreach that would stifle innovation and harm legitimate users of CVC mixers. CVC mixers are a valuable tool for privacy and security, and they are used by a wide range of people, including businesses, individuals, and journalists.

The proposal is based on the false premise that CVC mixing is primarily used by criminals. In reality, CVC mixing is used by a wide range of people for legitimate purposes. For example, businesses use CVC mixers to protect their trade secrets, individuals use them to protect their financial privacy, and journalists use them to protect their sources.

The proposal would also have a negative impact on innovation in the CVC space. CVC mixers are a key part of the CVC ecosystem, and they play an important role in promoting privacy and security. This proposal would make it more difficult for new CVC mixers to emerge and compete, and it would stifle innovation in the CVC space.

I urge FinCEN to withdraw this proposal. It is a misguided overreach that would harm legitimate users of CVC mixers and stifle innovation in the CVC space.

In addition to the above, I would like to offer the following specific comments:

The proposal is vague and poorly defined. It is unclear what constitutes a "covered transaction" or who would be considered a "covered financial institution." This lack of clarity would make it difficult for businesses to comply with the proposal and would create uncertainty in the market.

The proposal would impose a significant burden on businesses. The reporting requirements are complex and would require businesses to invest in new systems and processes. This would be particularly burdensome for small businesses.

The proposal would not be effective in preventing criminals from using CVC mixers. Criminals are always finding new ways to evade law enforcement, and this proposal would not be able to keep up.

I urge FinCEN to reconsider this proposal. It is a misguided overreach that would harm legitimate users of CVC mixers and stifle innovation in the CVC space.

Sincerely,

[Your name]

************

https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

Tell him I said he’s a good egg but he fights like a girl.

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Wow. So much signal in this rip. 2024 is going to be 🤯. Follow nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv, and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy of course. nostr:note15kcdjd8206h6k3xkpgc50eznumggqcs4qrn538mwhuzl4ghd4gqqx6zpnm

Replying to Avatar Lyn Alden

As developed nations continue to enter sovereign debt crises akin to the 1940s, there are a few main outcomes.

Option 1) In a world without bitcoin, or if bitcoin fails, central banks and their governments recapitalize themselves with gold, devalue the people, and do another cycle of this inflationary policy for the next few generations. The Treasury/Fed handbook literally has a written option for this, although it is stated more opaquely. It can be done in the US (and probably many other countries) based on current laws if shit hits the fan. Denmark's central bank and China's economic ministers have also written similar things regarding extreme outcomes. It's pretty straightforward based on the past.

Option 2) We go into a centralized technocratic future. Centralized AI and CBDCs win. People have cuck money that the AI+government control. It's like Brave New World, 1984, take your pick. Hard to say, but not free.

Option 3) Open source money wins. Bitcoin and its ecosystem win. Governments get defunded from their fiat printers, and have to be more honest with their ledgers or default and get reconstructed since they can't print what their people hold as savings, or in the hegemon's case, can't print what the world holds. Probably a world of chaos for a time during the transition, but also an opportunity for peace and building the next era. Keeping track of the nukes would probably be a big deal, like when the Soviet Union fell. It's actually kind of remarkable that they collapsed economically and politically but in an orderly enough way to keep track of and secure most of the nukes.

I don't know which one will win, but I consider Option 3 to be the honorable method; the path of transparency. That's the one I am rooting for and building for.

If I fail, I would like it written that it's the method I tried for, but realistically the AI+government will probably delete most of the records of all of the failures anyway, since that is how history works, without any sort of objective truth keeper. Our best hope is to hide records in a distributed way and hope they can remain undisturbed for a while. At least bitcoiners have a tendency to write stuff in steel and make low time preference things. Some psychopath will hopefully carve a life work in steel in a cave or something, but who knows, lol.

And ironically, if Option 3 wins, any of the losing factions could still insert their ideas and paths into the Bitcoin blockchain, now or in the future. It's the most immutable database that we know how to build, and would preserve their ideas as it does our ideas. Like, you know what? I *want* the Communist Manifesto to be in the immutable Bitcoin blockchain, because I want people in the future to know how *bad* it is. It might already be in there; I don't know. I wouldn't want people centuries from now to think about those ideas and believe they came up with something new; I want to preserve my enemies' texts because I believe I can win through markets, force, virtue, and truth.

I think that's almost always what determines the winning side. Losers want to burn their enemies' texts to ensure that their good ideas don't spread too much. Winners want to preserve their enemies' texts to ensure that their bad ideas are never repeated.