Antijavre on Nostr: https://m.primal.net/Ngmh.jpg Regarding the MiCA, the Travel Rule, and other ongoing ...

Regarding the MiCA, the Travel Rule, and other ongoing EU regulations, I see two immediate consequences. The first, related to users who will seek to circumvent these regulations, is the increased use of P2P platforms and the exponential emergence of new platforms. The second concerns companies in the EU that either do not want to or cannot comply with the regulations. We will witness an exodus of companies, a flight of human capital, and a migration of Bitcoin and bitcoiners to freer jurisdictions where they can innovate and conduct business without dealing with intrusive governmental actors who require them to provide all customer data and store it for five years at their own expense and time.

Europe, as it stands now, is lost, there is no way for it to regenerate from within. There simply aren’t enough people opposing the status quo—there are not enough voices, no leaders. It’s every person for themselves, we are responsible for our own survival.

Bitcoiners are inventive individuals, each will find their own solution to avoid the deeply corrupt and vile system. Some will bow down and conform, losing their backbone along with their anonymity and the rights they have relinquished.

#TravelRule #MiCA #DORA #Bitcoin