zk on Nostr: "the proof is in the pudding" We are watching already the push back, the regulations, ...
"the proof is in the pudding"
We are watching already the push back, the regulations, the prosecution of hard core libertarians like the developers of Samurai Wallet, we watched how Phoenix Wallet & Wallet of Satoshi left the USA market hoping to avoid the same ending, Wasabi closed their mixer, and so on...
at this pace, doesn't take a genius to forecast the pressure will increase for regulation and its use only using KYCd services regulated and all and each of the mined sats so far accounted for and authorized for spending...
At this moment, impossible to enforce worldwide, but few totalitarian countries; specially the ones that sell themselves as democracies; are moving quite fast to a 100% control of BTC spending, the ETF was step three (done), step two was infiltration of mining corps (done), step one was control and regulation and removal of exchanges that can't be controlled 100% (done),
Next steps? Probably infiltration of core devs (stay tune for some of them proposing some very controversial BIPs...), getting VISA, Master Card and Amex to integrate themselves with the Bitcoin Blockchain to serve as a firewall for non KYC payments...
All while they keep amazing and buying it, for it is the best investment out there.
How we fight back?, l think hard core libertarians are part of the problem, it is a two tier fight, one side is legal/political, the other is development satoshi style, removing your ego from the scene, most developers are quite fond of recognition and therefore is a hard task.
We are watching already the push back, the regulations, the prosecution of hard core libertarians like the developers of Samurai Wallet, we watched how Phoenix Wallet & Wallet of Satoshi left the USA market hoping to avoid the same ending, Wasabi closed their mixer, and so on...
at this pace, doesn't take a genius to forecast the pressure will increase for regulation and its use only using KYCd services regulated and all and each of the mined sats so far accounted for and authorized for spending...
At this moment, impossible to enforce worldwide, but few totalitarian countries; specially the ones that sell themselves as democracies; are moving quite fast to a 100% control of BTC spending, the ETF was step three (done), step two was infiltration of mining corps (done), step one was control and regulation and removal of exchanges that can't be controlled 100% (done),
Next steps? Probably infiltration of core devs (stay tune for some of them proposing some very controversial BIPs...), getting VISA, Master Card and Amex to integrate themselves with the Bitcoin Blockchain to serve as a firewall for non KYC payments...
All while they keep amazing and buying it, for it is the best investment out there.
How we fight back?, l think hard core libertarians are part of the problem, it is a two tier fight, one side is legal/political, the other is development satoshi style, removing your ego from the scene, most developers are quite fond of recognition and therefore is a hard task.