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126 sats \ 0 replies \ @a40ecaacec 17 Jan \ parent \ on: Michael Lewellen sues DOJ over §1960 covering software as a "money transmitter" Politics_And_Law
"You have dug your own grave by pretending they have the authority to control this in the first place"
This is so true. People have lost dignity and self-respect by blindly following what the government says. In reality, governments, borders, laws are all fictional and have no power over individuals. They have no say in what you do or say.
As a public entity or company, you must play by their rules because you signed a contract to be a part of their system. However, as a private individual, you are not bound by these rules.
If the government introduced a breath tax, requiring people to report their daily oxygen intake, would you comply?
Do I need a "money transmitter" licence just to take cash from my wallet and hand it to someone else? This is ridiculous. It’s absurd to think that a simple transaction between people requires a licence. People should stand up against this nonsense. Technically, the network is processing the transactions, not the wallet itself. Consider the bank counter scenario: is the bank teller doing the transmitting, or is it the bank’s system? The answer is obvious.
Idealistic reasons? So you are one of the NGU crowd.
Being tied to a particular ideology or group can blind you to the bigger picture. I’m for whatever works best for the ecosystem as a whole, not just a specific faction or the biggest price.
Principles are great, but if they’re not backed by actions and progress, they’re just empty words. I’m looking at the Bitcoin ecosystem as a whole, and I see a lot of fragmentation and infighting. If we can’t come together and work towards a common goal, then what’s the point of all this?
Does this mean you are using and buying bitcoin (currently) just beacuse it has the highest price in fiat terms?
How would they ban self custody completely? Like they banned torrents? Like they banned privacy - they can't.
Just as torrenting continues despite legal restrictions, and self-custody to self-custody transactions remain outside current government regulations, a complete ban on self-custody would be practically unenforceable. Self-custody is essentially knowledge of specific words arranged in a specific order - you would need to ban code and free speech itself to ban self-custody.
You cannot ban a borderless network that no one controls.
Buy on CEXes if you want, send it to self custody or burner wallet immediately, say it's your own wallet (if asked), send to who ever you want and go on with your business as usual.
The EU is trying to regulate something it does't understand. By categorizing bitcoin and transactions in the same bucket as the traditional banking system, they are essentially banning themselves from it. This is because they have no control over how the system and network operate.
All of this is happening under the guise of MICA, a supposed modern regulatory framework and future of the EU. MICA initially generated a lot of positive hype in the crypto world. However, it turns out to be far from positive.
People who enter politics often fit a certain type: they tend to be spineless and go with the flow. This aspect of their nature is never going to change. Same goes for Bukele. Instead of relying on politicians, people should focus on their own lives and stop waiting for a saviour. It’s more productive to care less about what a public corporation (government) does and take personal responsibility. The more we talk about them the more power they have over all of us.
As far as I understood, the system Strike currently uses for Bill Pay only supports USA-based bank payments. This presents a problem for those in the EU, where we primarily use card payments. As a result, you can’t simply connect to a bank API to manage your payments. Well, you could, with some banks, but the experience is horrible.
This is so true and not a lot of people undestand this. People can't see past the hype. But there is one big example, Tesla started it's self driving program 2013 and they predicted full self driving around 2016, but after 13 years they still haven't achieved anything close to it, even with the massive amounts of data they have.
Why not use lightning only instead of both ln and on-chain? Lightning provides you with greater privacy also you could use bolt12. For example phoenixd + btcpay/lnbits/alby hub
People rarely think deeply about a topic. Instead, they only focus on the latest xyz token that’s pumping and the thought of that same token crashing does not cross their mind.
Bitcoin is much more than just some magical get rich quick "investment" where you wait for the magic "exit" price to fiat.
You are basically sticking tires on a spaceship and calling it a car, or like in the beginnings of the internet, they called it a “fancy fax machine”.
Try to use it daily,
try to self host,
try to send and recieve payments with your own infrastructure,
play around with the different apps (lighting, ecash, etc.),
try doing more and reading less,
try not to listen much to all the "number go up" youtubers,
then you will most likely have the "aha" moment.
I wish this were possible in the EU. Unfortunately, direct bank app connections are not an option for us. After years of trying to push for new PSD2 regulations that would prompt banks to open up their APIs, they still show little interest.
So with NWC on LNBits, I can keep my node private and avoid exposing it to the public? For example, I can run LNbits with Phoenixd on my home node and connect to apps through NWC?
A new feature is supposedly to roll out on the Strike app this week. It will allow users to automatically pay their bills using Bitcoin.
You could use Ecash for that but also there is something easier, it's called nostr wallet connect NWC, look it up, super interesting solution.