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0 sats \ 1 reply \ @Solomonsatoshi 3 Sep \ parent \ on: Shutting down my routing node lightning
MoE use of Bitcoin is hugely obstructed.
Where it is not outright banned it is hit by unreasonable tax recording and compliance requirements for it to be lawfully used.
You can only really zap and use LN as an everyday consumer (where it is technically permitted) if you are prepared to say FU to the governments tax compliance requirements and most people won't.
IMO this obstruction is not accidental - bankers and governments do not want anyone or anything intruding on their precious fiat MoE monopoly.
Agree it's not accidental, but also there's so much hassle on a societal level to pay with Bitcoin. Chicken and egg problems are not easily solved.
Fiat was effective precisely because it was by decree (i.e fiat) - do this or else.
Having it come up organically will take way, way longer. And in cases where you don't want to use fiat, the uneducated people there are happy to simply cash USD.
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