They know that the protocol can't be stopped so they look for ways of adding so much friction that only the really dedicated plebs can put up with jumping through all the hurdles. They lump Bitcoin together with cRyPtO. Hopefully the new rules stay in the EU and the rest of the world does not follow this nonsense.
5 sats \ 1 reply \ @OriginalSize 23 Jan
The ability to do this means to me that government is too well-funded. When the money they print fails to pay their legal staff, Bitcoin will have fixed this.
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0 sats \ 0 replies \ @BOLT11Village OP 23 Jan
true
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21 sats \ 1 reply \ @harrr 23 Jan
KYC, AML, there's nothing new here. They fight us now, it already started years ago.
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0 sats \ 0 replies \ @BOLT11Village OP 23 Jan
A bit worse cause there was no $1000 limit before, maybe in a few years they reduce it to $200 who knows?
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21 sats \ 0 replies \ @siggy47 23 Jan
You can jump through the hoops or go around them.
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5 sats \ 1 reply \ @Anonymous_Hodler 23 Jan
In my opinion, the people that want custody of their BTC will find ways , and the governments that want their cut and maintain their control will also find their way… it is a VERY long game and we might not even see the golden age of BTC in our lifetime…
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0 sats \ 0 replies \ @BOLT11Village OP 23 Jan
makes sense, this will take decades
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