I love how it's always "high interest rates" or the "supply chain disruptions" or whatever excuse other than printing a shit ton of money every year and taxing everyone into poverty.

Hey Scoresby, thanks for stopping by!

What makes you think it's not already? It went from a delisted powerful anti-state P2P cash system to now a tech stock with ETFs and institutional investment. The only attempts I see at supporting the original goal is in the lightning community with sites like stacker.news. It's great to see but since we're so niche it's hard not to see that the original goal has been corrupted by the majority.

CPI has and continues to be a tool to suppress wages and subjugate the masses. Price of scarce assets (houses, gold), money supply, and the stock market have always been truer indications of inflation.

They're not making mistakes, they're lying.

Its like privacy in which you will never be 100% perfect due to the strength and ubiquity of privacy invasive entities and technologies but it is ALWAYS worth the fight against.

Yeah it forces criminality because the law is simply unjust by design. I believe the government have so many laws like this. This has to be for the purpose of ensuring every citizen is technically a criminal such that when the time comes to target you (due to some secret surveillance method legal or not), they can always throw the book at you.

Try reading the Opsec Bible: http://opbible7nans45sg33cbyeiwqmlp5fu7lklu6jd6f3mivrjeqadco5yd.onion/

They have a lot of invaluable advice for managing identities both on the personal opsec side, and software side.

KYC World is becoming more inevitable each day. The only silver lining is the counter movement these actions accelerate.

They're not safe, they're leaked all the time. KYC/AML isn't about safety, it's about control.

All by design.

Haha they even can't lie hard enough with the political propaganda tool known as the CPI. Dark days ahead.

Now once retarded capital gains tax laws on purchases and oppressive KYC/AML regulations on both consumers and businesses are lifted we can actually see this real organic adoption go mainstream instantly. Until then I'm afraid this fight will be tough with small, scarce victories like this sprinkled throughout.

I wish I could downzap custodial nonsense like this.

Yeah next to nobody on that post are talking about crypto, most peoples solution is "steam should become a payment processor" which is insane. It goes to show how terribly the narrative around bitcoin has been coopted from digital cash to useless number go up stock.

Haha yeah I'm so skeptical at any news that seems to be good on the surface.

Co-opting of FOSS is becoming a major threat. If (((THEY))) effectively control major FOSS packages there won't be much Freedom in Open Source left.

Choking on and off ramps and taxing spending are the main ways the state has neutered Bitcoin. Since these will worsen with this act, it looks quite dystopic for the Bitcoin standard.

Great article. Quite dystopic, unfortunately.

KYC is a major contributor to this issue. It creates a laundry list of targets with enough info to basically be a "how to get free crypto" sign for the criminally inclined. People aren't safe without major privacy advocation.