Storm on Nostr: As Bitcoiners, it's imperative we don't suffer from short attention spans. Remember ...
As Bitcoiners, it's imperative we don't suffer from short attention spans. Remember that there are elected officials trying to pass laws that seek to expand state control over citizens' ability to interact with the Bitcoin network. Thanks to LynAlden (npub1a2c…w83a) for the reminder in #BrokenMoney
The Digital Asset Anti Money Laundering Act, reintroduced in August 2023, seeks to inflate the Bank Secrecy Act's surveillance powers and seeks to limit the ability to use privacy-preserving services like coinjoins. Yet, these dragnet surveillance tactics often fall short in crime prevention, instead burdening law-abiding citizens with unwarranted intrusions.
Bitcoin, a manifestation of mathematical speech through open-source code, stands as a bulwark against such invasive regimes. Enforcing these surveillance measures only breeds administrative waste, rather than combating crime effectively. This underscores Bitcoin's intrinsic value and the essence of true decentralization: the ability to separate money from state control and to opt out from an intrusive system into a user-maintained ledger.
https://www.consumerfinancemonitor.com/2023/08/14/bipartisan-group-of-senators-re-introduce-digital-asset-money-laundering-act/
The Digital Asset Anti Money Laundering Act, reintroduced in August 2023, seeks to inflate the Bank Secrecy Act's surveillance powers and seeks to limit the ability to use privacy-preserving services like coinjoins. Yet, these dragnet surveillance tactics often fall short in crime prevention, instead burdening law-abiding citizens with unwarranted intrusions.
Bitcoin, a manifestation of mathematical speech through open-source code, stands as a bulwark against such invasive regimes. Enforcing these surveillance measures only breeds administrative waste, rather than combating crime effectively. This underscores Bitcoin's intrinsic value and the essence of true decentralization: the ability to separate money from state control and to opt out from an intrusive system into a user-maintained ledger.
https://www.consumerfinancemonitor.com/2023/08/14/bipartisan-group-of-senators-re-introduce-digital-asset-money-laundering-act/