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21 sats \ 2 replies \ @duuv 5 Jun \ on: Save Our Wallets – Protect Your Right to Transact Freely Politics_And_Law
"Protect your right to transact freely"? I hope you guys are kidding.
We're not going to ask permission, as @Dartcoin mentioned, to use Bitcoin wallets? Self-custodial wallets do not require permission. Perhaps you're taking about custodial wallets. If that is the case, then the current trajectory of the state is to be expected.
Just stop using custodial wallets.
The new California bill, that can seize your bitcoin after it has been idle for 3 years and with no login, etc., gives enough alarm bells for me. Those rules will only be loosened in favor of the state, I assume.
Self-custodial wallets with decent UX require other tech - on-chain Bitcoin for regular transactions is unusably horrible. If you want Ark, Spark, Lightning, Rollups, or literally any of the things that make Bitcoin usable, you need someone (or many someones) to run nodes, sequencers, or many other things. Ensuring those things aren't made illegal in the US is important, no matter how much we pretend it isn't. If only so that developers can build them in the US, and people can run them outside the US later.
The new California bill, that can seize your bitcoin after it has been idle for 3 years and with no login, etc., gives enough alarm bells for me. Those rules will only be loosened in favor of the state, I assume.
This is inaccurate. The California bill actually ensures that the state wont sell your coins if you haven't logged into your custodial account in three years.
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Ensuring those things aren't made illegal in the US is important,
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