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Bitcoin Developers Are At Riskwww.tftc.io/bitcoin-developers-are-at-risk/
121 sats \ 12 comments \ @RideandSmile 4 Jun bitdevs
There are currently many developers either behind bars or under house arrest for developing software that gives you the ability to use Bitcoin in a self-sovereign fashion and use it in a privacy-preserving way. Financial privacy isn't a crime. It is an inalienable human right that should be protected at all cost. The enshrinement of this inalienable right into law is way past due.
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142 sats \ 2 replies \ @optimism 4 Jun
The text breaks down into:
The proposed rule:
No blockchain developer or provider of a blockchain service shall be treated as a money transmitter or as engaging in "money transmitting" (as defined under any State or Federal law), a financial institution (as defined under section 5312 of title 31, United States Code), any other State or Federal legal designation requiring licensing or registration, or triggering liability for unlicensed or unregistered conduct,
The proposed exception:
unless the developer or provider has, in the regular course of business, control over digital assets to which a user is entitled under the blockchain service or the software created, maintained, or disseminated by the blockchain developer or provider.
Nice, clean initiative imho.
Unless my memory betrays me here, this was exactly the exception that was asked for since the (unreadable) 2022 infra bill (under 80603) messed around with definitions of broker, making that role selectively applicable to any protocol or service developer.
It looks to me that this also limits the (D) clause in there:
(D) any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.
But I'm not 100% sure, maybe someone smarter than me has thoughts about this.
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100 sats \ 0 replies \ @bluematt 5 Jun
Yep, super simple and straightforward! Its mostly in response to the Samurai and Tornadocash cases, which charged exactly this (and drove Phoenix out of the US in response), fixing exactly the law they were charged with.
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0 sats \ 0 replies \ @RideandSmile OP 4 Jun
thks for your feedback
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0 sats \ 0 replies \ @aPolitical 5 Jun
In other words Nakamoto should be on the run... lol, Odimma 🤣
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100 sats \ 0 replies \ @mo 4 Jun
@TheBlueMatt or @bluematt should learn a bit more of commercial law instead of wasting his time with such campaigns #991724
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52 sats \ 6 replies \ @DarthCoin 4 Jun
Wrong approach. This is PURE STATISM. You are literally begging for more regulation ! You do not go and beg politicians to let you use Bitcoin... where the fuck is the "permissionless" in Bitcoin? Permissionless literally means DEFYING any gov and rebut their any authority over you, the living man.
If you start debating about "laws" that let you code software, you will end up in more restrictive rules and regulations.
Focus on how you make the gov obsolete and rebut their authority on what you want to do and don't go and put yourself under their jurisdiction, be above them, be the sovereign individual. that doesn't need anybody's permission to live in peace.
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7 sats \ 4 replies \ @optimism 4 Jun
Practical question re:
Focus on how you make the gov obsolete and rebut their authority
How do you do that when facing an arrest team coming to take you in and extradite you? That literally happened to a Samurai dev, in Portugal.
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0 sats \ 1 reply \ @RideandSmile OP 4 Jun
sad story for freedom
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21 sats \ 0 replies \ @mo 4 Jun
sad story of many people that believe to be a person. This has nothing to do with Freedom... just liberty. They will probably keep begging for it
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7 sats \ 1 reply \ @DarthCoin 4 Jun
This literally happened in a court room with me... and I walked free.
People must learn to ask the RIGHT questions. It alll reduce to this simple questionnaire:
You do not have to prove that you didn't committed any crime, but let them prove it otherwise. Crime means simple: damage, theft or kill. If they can't prove it, you are free to go. But you need to ask the right question, and not putting yourself under a "lawyer" bullshit...
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0 sats \ 0 replies \ @RideandSmile OP 4 Jun
xcelllent :P
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0 sats \ 0 replies \ @RideandSmile OP 4 Jun
thks for your correction
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