aljaz on Nostr: travel rule is an abomination, but so is every other rule concerning financial ...
travel rule is an abomination, but so is every other rule concerning financial activity.
Limits on cash payments? KYC requirements? And all other AML bullshit.
We should just use all of it as fuel to build more black market technologies, get more people to start participating in free economies and generally become more free.
Their need for control is so desperate because it is so unnatural. It requires constant effort and expansion. Their authority is brittle, they are tightening the grip because they are afraid.
First gift of cryptography was privacy. Second gift of cryptography was bitcoin. And with those two we can break the shackles of tyranny and free ourselves for good.
Limits on cash payments? KYC requirements? And all other AML bullshit.
We should just use all of it as fuel to build more black market technologies, get more people to start participating in free economies and generally become more free.
Their need for control is so desperate because it is so unnatural. It requires constant effort and expansion. Their authority is brittle, they are tightening the grip because they are afraid.
First gift of cryptography was privacy. Second gift of cryptography was bitcoin. And with those two we can break the shackles of tyranny and free ourselves for good.
quoting nevent1q…fdqwAbout the #travelrule in Europe.
A rant to end the year.
Close to no one actually seems to care.
Three years ago, my podcast started because the first proposals for this law were being worked on in the EU Commission.
Since then, only a handful of people have reacted.
The rest just shrugged it off with some nonsense like, "I'll be outside the EU by then," or even worse: "Who cares? Some tech mumbo jumbo will solve it if you run 15 tools and use 15 compiled solutions that only 100 nerds really understand."
This is about our entire Bitcoin space being overrun by middlemen selling lies, bullshit, shitcoin casinos, credit cards backed by venture capitalist garbage, or even worse: untested solutions or toy-grade hardware wallets with buggy software or attached middleman services.
And now our main man, Jack Mallers, whose company rolls over to deliver the EU the Strike honeypot data by implementing the travel rule?
I remember
@Trezor
taking a huge shitstorm online a few years ago for unilaterally implementing the #travelrule, but now... hardly anyone reacts.
Yes, I get it—you can’t expect a bigger company to just ignore the law and continue without repercussions. But the Strike app is no longer an onboarding tool (we saw this coming, of course). Still, try onboarding someone to Bitcoin in Europe after January 1, 2025, and it’s either going to be:
KYC + criminalization + high taxes and a mountain of paperwork,
or
Just tell them, "Don’t bother with Bitcoin. It’s over. We live in the European Union—you should move elsewhere if you want freedom."
The fact that Europeans aren’t even organizing a single protest, a single act of defiance, or any resistance is telling of the sort of total patsies we’ve become. I see no end to this.
We now live in a totalitarian state as of January 1, 2025.
We should either resist or run.
But resistance at this point requires many brave people to stand up, instead of wasting time on Netflix or TikTok.
Unfortunately, for many of us, running is not an option or a desired outcome.
The travel rule is here, and for me personally, it feels like defeat—while the ones I should be fighting alongside in the trenches are rolling over like trained poodles.