The US Treasury has proposed a rule so broad that it would effectively make sending a #Bitcoin transaction illegal.
After a 90 day comment period, this rule will likely become active. The kicker is they don't even need Congress to pass a new law. They are using a specific section of the Patriot Act to take more of your freedoms.
What is one to do?
Do you sell all your Bitcoin and accept fiat slavery?
Do you try to obfuscate your KYC stack to give you more plausible deniability?
I'm not sure what the right answer is exactly, but I do know you should be thinking deeply about this now. You don't want to look back 90 days from now and wish you took some kind of action that would put you in a better place after this rule is in effect.
So I encourage you all to take time to figure out this problem. Figure out what you're going to do.
Because they're done laughing at us. Now, they're fighting us. And you know what happens next.
bitcoin.rocks
npub18k…469c4
2023-10-23 13:07:16
Author Public Key
npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4Published at
2023-10-23 13:07:16Event JSON
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"pubkey": "3d82e8f6cc6c096544bf33e4875a03f5600acff7ec467e150a1cc7712d214dc9",
"created_at": 1698066436,
"kind": 1,
"tags": [
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"content": "The US Treasury has proposed a rule so broad that it would effectively make sending a #Bitcoin transaction illegal. \n\nAfter a 90 day comment period, this rule will likely become active. The kicker is they don't even need Congress to pass a new law. They are using a specific section of the Patriot Act to take more of your freedoms. \n\nWhat is one to do?\n\nDo you sell all your Bitcoin and accept fiat slavery?\n\nDo you try to obfuscate your KYC stack to give you more plausible deniability?\n\nI'm not sure what the right answer is exactly, but I do know you should be thinking deeply about this now. You don't want to look back 90 days from now and wish you took some kind of action that would put you in a better place after this rule is in effect. \n\nSo I encourage you all to take time to figure out this problem. Figure out what you're going to do. \n\nBecause they're done laughing at us. Now, they're fighting us. And you know what happens next.",
"sig": "a06a7ee96ef1b80690956cac1d2adf57b22a3642f9dd7b21015069070dd2093eba766e7a68f262010df212c126812488d93d9bb11cefadfbd2abcc456249f941"
}