sourcewire on Nostr: While I don't support Binance or CZ, the recent news along with Kraken and ETF news ...
While I don't support Binance or CZ, the recent news along with Kraken and ETF news got me feeling a kind of way. What is Bitcoins future?
- only highly regulated KYC'ed exchanges exist. All alternatives are squashed. Peer-to-peer trading outlawed
- ETF's play huge role in market
- public miners forced to censor OFAC sanctioned countries.
- all fiat gains incur major tax, because "you got lucky"
- self custody outlawed
- all transactions are taxable events, Bitcoins medium of exchange potential never takes off
Published at
2023-11-21 20:19:50Event JSON
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"content": "While I don't support Binance or CZ, the recent news along with Kraken and ETF news got me feeling a kind of way. What is Bitcoins future?\n\n- only highly regulated KYC'ed exchanges exist. All alternatives are squashed. Peer-to-peer trading outlawed \n- ETF's play huge role in market\n- public miners forced to censor OFAC sanctioned countries.\n- all fiat gains incur major tax, because \"you got lucky\"\n- self custody outlawed\n- all transactions are taxable events, Bitcoins medium of exchange potential never takes off \n\n",
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