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Liberty Farmer
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Lead Hamster at HAMSTR - NOSTR over HF Radio HAMSTR is live, see github link in profile.

It's wild, actually. Especially considering all the variables with shitcoins, wtf, Trump election changing the game on 'crypro', now have major billion dollar mining companies that are publicly traded.

Replying to Avatar L0la L33tz

So the Trump's 'crypto* EO is out, and I'm seeing lots of weak bitches cry that its a shitcoin reserve.

Given the fact that the proposed digital assets stockpile would possibly be built on *seized* coins, let me give you a quick introduction to forfeiture law, and why crying for daddy to please please make its pile of flying horseshit "bitcoin only" *literally* the most retarded thing you could be wishing for, ever.

Forfeiture law – or civil asset forfeiture, to be precise – is this fun little game the government plays in which it does not have to accuse you of a crime to confiscate your property.

Instead of accusing you of a crime, the Government claims that the asset itself has facilitated a crime, and can therefore be seized by the Government.

In civil asset forfeiture, there is no innocent until proven guilty. To get your property back, *you* have to prove that the Government is wrong – which turns out pretty complicated seeing how its impossible to prove a negative.

Civil asset forfeiture results in cases that are not filed against a person, but filed against the property itself. This results in fun little cases like US vs. Binance Account XYZ, or US vs. 123 Wilmington Drive.

To extend this idea to Bitcoin, in a civil forfeiture case, the US Government is in theory able to seize *any bitcoin* that has *ever* come out of a criminal transaction.

Made some bitcoin for selling a service? Bought some bitcoin on a P2P exchange? Unless you checked that the UTXO you received has never touched a criminal transaction in its entire history, your coins can be confiscated, and there's pretty much nothing you can do about it.

As Cato Institute points out in its piece on civil forfeiture reform, forfeiture law is routinely misused to enrich the Government – Philadelphia, for example, has seized over 1000 homes, over 3000 vehicles, and over $44M in cash over an 11 year period. In 2010, the city tried to seize *an entire fucking house* because a woman's grandson sold less than $200 of weed out of the basement.

If you think that taxes are bad, civil asset forfeiture is straight up evil.

It doesn't matter whether you participated in a crime. It doesn't matter whether you know that someone else participated in a crime. If it involved your property, even if said property was fully legally acquired, the Government will come and take it.

Civil asset forfeiture is the most insane Government funding technique that is out there, and you most definitely do not want this declared as a strategic means to pump the Government's bitcoin bags.

You are *literally* asking the Government to steal your coins with a practice that *every* libertarian advocate wants to see abolished.

The government already stole the coins. They aren't coming back. Stop acting like they will be returned to their rightful owners. The choice is then they either sell them and make money off the coin, or keep them in a reserve. CAF is not going away, and the courts have rules time and time again it is legal in most cases.

Stop acting like there is a 3rd option here. The 'criminals' are not getting it back.

Especially for 100 million, lol. Not like they paid 80k for 1,000 users. Wow.

Let's hope the focus is on Bitcoin and /or lightning rather than USDT. Or at least a good chunk.

Writing code, it not performing at all like I wrote it, then debugging it is the absolute bane of my existence. I suck as a svelte developer. Well, any developer for that matter.

I believe he is busy fighting paying expat taxes currently.

My problem isn't with banks holding and using it. My problem is they will hold people's coin, they will rehypithecste it and fractionalize it into their reindeer games, and the average joe will get screwed like always

Replying to Avatar rabble

Holy shit, have y'all seen Sánchez's Davos speech? Man really got up there and proposed making anonymity illegal on social media. Not just "we need better moderation" - straight up "one government ID, one account" dystopian nonsense.

Like yeah, misinformation and bots are problems. But his solution? Force everyone to link their social accounts to an "European Digital Identity Wallet." Want to keep your work life separate from your shitposting? Too bad, that's illegal now. Need anonymity because you're LGBT+ in a conservative area? Get fucked, government needs your papers. He claims it’ll only be platforms which see the real id, but we know no systems are secure. And it makes decentralized networks illegal too!

But wait, it gets better! He also wants to make platform CEOs personally liable when users break "laws and norms." THE NORMS. Not just illegal content - the fucking NORMS. It's like throwing Verizon's CEO in jail because someone planned a crime over the phone.

The only way ANY platform could operate under these rules would be to completely block European users. Twitter, Reddit, Discord - boom, gone. Or they become heavily censored government-ID-required wastelands.

And the real kicker? He buried some actually decent ideas about algorithmic transparency in between these two absolute nightmares. Like yeah, we should know how these platforms decide what content to promote. But holy hell, way to poison the well by sandwiching it between "papers please" and "jail CEOs for bad vibes."

https://www.weforum.org/stories/2025/01/davos-2025-special-address-pedro-sanchez-prime-minister-spain/

Watching now. Nuts. This on top of ecb saying the same thing last week or 2 weeks ago. Scary stuff.