64 sats \ 4 replies \ @DEADBEEF 26 Apr \ on: Samourai Indictment Is Bad News For The Lightning Network bitcoin
The crackdown is being done this way to scare normal people away from Bitcoin. Make it seem illegal to use Bitcoin and normal people won’t want to be associated with it.
I agree, but why? Is it just a coincidence that this happens months after BlackRock, run by Larry Fink, who is incredibly well connected to the government, gets their spot ETF? It seems like a blatant attempt to make sure bitcoin is controlled and run by Wall Street.
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There is no way this can be a coincidence. If they can get everyone onto KYC exchanges and wallets that are subject to government regulations they can control Bitcoin and eliminate the threat to fiat currency.
I can even see them going so far as to issue “paper Bitcoin” not actually backed by anything.
It won’t work but they will try.
Remember: not your 🔑s, not your 🧀
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What I'm waiting for is to hear Saylor or Larry Fink address this issue.
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Some LN service providers start building KYC features, for example UMA fucking around with LNURL and pressure with money some providers to implement their "clean LN", if I had to bet... they know something ahead of the rest.
This is an attack, that is clear, but bitcoin will survive.
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