dark day for privacy/Bitcoin
we are certainly still in the "then they attack you" phase
Aren’t Dex’s and swaps just allowing for people to get around paying taxes?
Is that why the government is going after those?
Aren’t Dex’s and swaps just allowing for people to get around paying taxes?
Is that why the government is going after those?
idk how this pans out, but i've got a post in here somewhere stating i was concerned of the then 81% institution owned BTC not being the decentralized money we thought it'd be...appears to be heading the way we don't want it to be, no?
i'll look for it, saw it on twitter but it's been forever...could be complete BS, but doesn't feel like it anymoreYou'd have to post that source again, I dont think 81% is Institutionally owned.
However, ownership doesn't control the protocol...it will make life harder for people who dont already self-custody.
i was VERY pro BTC until recently. my main positives were it being a tool of the small guy and not controlled by "the man"...
well, it's 80% institution owned now...and seems to follow SPY also. so why not just invest in familiar stocks with less risk? (yes i realize they tanked heavily also)
when trudeau went after it and they tried to ban russian transactions, it was the end for me. it took everything it stood for and crushed it it my eyes.
now coinbase is giving up tracking info?? wtf man
if anyone can make sense of this i'm all ears, not trying to argue, just lost confidence in what i saw in it for the future
Whoa whoa whoa there buddy.
Haven’t you been mocking people saying the GOV would takeover or control shitcoin?
Now you’re complaining about it?
Allowing Wall Street to take it into ETFs was the first step. I don’t know what you thought would happen.
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I believe the freedom infringement you are referring to is called regulation.Hubris on my part however the mocking was mostly centered around...
"don't invest in the one asset with the best properties b/c the USSA will ban it"
In reality, I'm not sure it will matter ban vs no ban since it's a global network.
I do find the freedom infringement disgusting.
yes, deciding you couldn't send money to russian addresses, truckers in canada...that's not "decentralized" enough for me, if the GOVT controls it to that extent. the freelancing wild west part of it is gone i feel like.no source on the 80% but it seems like the main thing that shook your faith here was a tyrannical govt banning banks accounts and bitcoin addresses.
this is normal life for bad govts, it is what most govts will do and it actually doesn't impact your bitcoin at all since you can create 100 new addresses in 5 minutes.
Currently, a bad govt can COMPLETELY TAKE AWAY YOUR CURRENT BANK ACCOUNT/VISA CARD/RETIREMENT ACCOUNT, METALS, etc.
So we must think in terms of...what gives us the best chance to transact freely?
I'd argue Bitcoin. It's the only thing you can truly own and no govt can seize/steal from you. Let's say the USSA bans coinbase and all bitcoin wallets, forces CBDCs/social credit scores/etc....worst case scenario right?
You can memorize your 12 words and move to a bitcoin friendly country! It's the ONLY thing that can accomplish that task! gold/silver/dollars/drugs/guns/ammo will all get seized at the border.
yes, deciding you couldn't send money to russian addresses, truckers in canada...that's not "decentralized" enough for me, if the GOVT controls it to that extent. the freelancing wild west part of it is gone i feel like.
i also feel like while you maybe can make 100 addresses in 5 minutes, the rest of us have a hard enough time just using coinbase lol (joking, but you get my point...imagine an older person going from a jitterbug to an iphone 15). i don't know how to use cold storage and no one i personally know does either, besides one fella who's had the FBI at his house because he's so "good" on a computer
i had high hopes...