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How are you seeking to comply today? Are you outcomplying the competition?
1573 sats \ 9 comments \ @thebitcoinbugle 26 Mar bitcoin
On the virgin voyage of the Bugle Weekly podcast, @rodpalmer and I discussed the importance of compliance.
Listen: https://www.fountain.fm/episode/a5jBbCxWPLzgIFqQN7Ph
Bitcoin will not remain censorship resistant unless we first follow OFAC standards and censor ourselves. If we censor ourselves, they won't censor us and Bitcoin will still be censorship resistant.
That is why the Bugle is looking at using platforms like Coinbase Commerce in order to comply to the maximum possible extent. Coinbase is fighting to comply harder than anyone else and has been for some time.
Would it be worth bringing Brian Armstrong on the team as an advisor to teach us about compliance? Compliance ultimately is the foundation of good journalism, because it allows you to make sure the news you publish is still in line with the intelligence agencies seeking to promote democracy and freedom across the world.
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40 sats \ 2 replies \ @Coinsreporter 26 Mar
I'm seeking to out complying the bugle. 😜
Great job! Another mind blaster.
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0 sats \ 1 reply \ @thebitcoinbugle OP 26 Mar
How do you plan to outcomply us?
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30 sats \ 0 replies \ @Coinsreporter 26 Mar
Really? You know I was just kidding.
But in case I seriously make up my mind, I will first buy the biggest bugle from the black market, go to Antartica and let the world know, the honk of my bugle. Next steps would be to leave cigarettes and beers and be a monk in the Himalyas.
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20 sats \ 1 reply \ @TheWildHustle 26 Mar
TheWildHustle paid a parking ticket, that's as far as TheWildHustle will go.
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0 sats \ 0 replies \ @thebitcoinbugle OP 26 Mar
That's a pretty low level of compliance. Maybe you should consider not making half efforts in furthering Bitcoin adoption.
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20 sats \ 2 replies \ @beorange 26 Mar
If we censor ourselves, they won't censor us and Bitcoin will still be censorship resistant.
Seems shortsighted and requires a big chunk of faith. A better alternative is to elect representatives and governments that understand Bitcoin. For them to understand bitcoin a big part of the electorate needs to understand and value what Bitcoin offers. For that to happen lots of effort in education is required, not just related to bitcoin, but also freedom and fundamental human rights.
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100 sats \ 1 reply \ @thebitcoinbugle OP 26 Mar
I agree. That is why the work Dennis Porter is doing to orange pill Washington is so important. They can really assist on the compliance side of things. The IRS should work with hardware wallet companies for a collaborative custody solution to make sure people aren't not paying their taxes
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30 sats \ 0 replies \ @south_korea_ln 26 Mar
Dennis Porter deserves a statue in his honour. Satoshi would approve.
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0 sats \ 0 replies \ @Natalia 26 Mar
sharing a great quote representing my solution: " learn the rules like a pro so you can break them like an artist. "
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