matt on Nostr: Blockchain Regulatory Certainty Act or bust. Call your congressperson. It’s time to ...

Blockchain Regulatory Certainty Act or bust.

Call your congressperson. It’s time to move.

quoting note1c4p…rtvl

Sure, though some of that was pressure from the EU that wouldn’t be felt here.

Sadly, the honest reality is that we do not have the technology (nor the foggiest idea of how) to scale blockchain-based transactions without ancillary services to a noncustodial wallet (LSPs for lightning, rollup operators, etc). This isn’t a Bitcoin/small block thing, no cryptocurrency has figured this out, despite tons of different approaches being worked on. Without regulatory cover for those ancillary services, noncustodial Bitcoin remains a privilege for the rich.