ICYMI:
1. California's Gov. Newsom signed AB 39 (California's bitlicense) into law. If you think this won't impact you, you are wrong. This is a profoundly negative development for those who had hoped that the State of California might ultimately take a turn, learn, and become more welcoming to innovators, bitcoin developers and just thoughtful human beings in general. It was not to be. California is a shit heap with no redeeming quality, and its legislators will soon drive out those who have tried to make it a better place.
2. Odysee posted a thoroughly depressing post, but worth a read about the impact of the U.S. SEC on certain business models. It's titled "The End of Lbry Inc" and describes not only what will happen to Lbry, Inc., but what will happen to Odysee and the content of Odysee users. https://odysee.com/@lbry:3f/theendoflbryinc:d
3. There is a proposed U.S. federal rule that targets a huge swath of, well, basically everything. This includes not only coinjoins as they are classically understood but anything which could be understood by the U.S. government to be "mixing." You'll need to read this to understand why this regulatory proposal is so dangerous but like many developments of regulatory overreach, this proposed rule being rammed through is clearly targeting every bitcoin user and would certainly impact those utilizing 2nd layer (lightning) technology. I recommend you take the time to comment on it. Comments close on 1/22/2024, and even if the comments are largely disregarded the comments in the record can later be used by plaintiffs (those challenging any finalized rule) in a bid to overturn the federal rule in court once it becomes final. https://www.regulations.gov/document/FINCEN-2023-0016-0001
The message that is being given by these clearly anti-innovation regulators is that they don't want bitcoin development or any innovation or even use of bitcoin to exist in the United States, even as growth of use occurs with bitcoin, value of the dollar continues to decrease and value of the bitcoin relative to the dollar continues to increase. But this is not so much the point, we know that when activities we want to perform become prohibitive or at least highly restricted in one place, we can shift gears and do them elsewhere where we are welcomed. That said, we should speak out against what the state of California, New York and U.S. federal government are doing.
#bitcoin #lightning #GrowNostr #awareness
freethinkingperson /
npub1gw…t4pha
2023-10-25 00:34:15
Author Public Key
npub1gw3phl4qrul5mre27zshty0n6m06p6thwugcr3362202e6xqhafsmt4phaPublished at
2023-10-25 00:34:15Event JSON
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"content": "ICYMI: \n1. California's Gov. Newsom signed AB 39 (California's bitlicense) into law. If you think this won't impact you, you are wrong. This is a profoundly negative development for those who had hoped that the State of California might ultimately take a turn, learn, and become more welcoming to innovators, bitcoin developers and just thoughtful human beings in general. It was not to be. California is a shit heap with no redeeming quality, and its legislators will soon drive out those who have tried to make it a better place. \n\n2. Odysee posted a thoroughly depressing post, but worth a read about the impact of the U.S. SEC on certain business models. It's titled \"The End of Lbry Inc\" and describes not only what will happen to Lbry, Inc., but what will happen to Odysee and the content of Odysee users. https://odysee.com/@lbry:3f/theendoflbryinc:d\n\n3. There is a proposed U.S. federal rule that targets a huge swath of, well, basically everything. This includes not only coinjoins as they are classically understood but anything which could be understood by the U.S. government to be \"mixing.\" You'll need to read this to understand why this regulatory proposal is so dangerous but like many developments of regulatory overreach, this proposed rule being rammed through is clearly targeting every bitcoin user and would certainly impact those utilizing 2nd layer (lightning) technology. I recommend you take the time to comment on it. Comments close on 1/22/2024, and even if the comments are largely disregarded the comments in the record can later be used by plaintiffs (those challenging any finalized rule) in a bid to overturn the federal rule in court once it becomes final. https://www.regulations.gov/document/FINCEN-2023-0016-0001\n\nThe message that is being given by these clearly anti-innovation regulators is that they don't want bitcoin development or any innovation or even use of bitcoin to exist in the United States, even as growth of use occurs with bitcoin, value of the dollar continues to decrease and value of the bitcoin relative to the dollar continues to increase. But this is not so much the point, we know that when activities we want to perform become prohibitive or at least highly restricted in one place, we can shift gears and do them elsewhere where we are welcomed. That said, we should speak out against what the state of California, New York and U.S. federal government are doing. \n\n#bitcoin #lightning #GrowNostr #awareness",
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