Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.

While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.

The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.

Much love to all those building and supporting real freedom tech.
2064❤️86🤙34❤️311👍1
Hypnagog · 91w
Yep very true. Privacy is something you only miss once you've lost it and its too late
marcan0 · 91w
In the US at least, one problem is clearly more acute than the other.
Joker · 91w
That’s exactly why I dug through all my saved information on privacy (2) days ago and started updating my blog on the latest for Bitcoin privacy-related stuff. We’re squandering a big opportunity to take advantage of pushing the privacy narrative back to the front burner.😎
McAnderson · 91w
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc. While it’s right to pass that bi...
ShiShi21m · 91w
It's not freedom tech if it can be arrested / stopped by a simple court order.
Eugene · 91w
The monetary incentives are definitely there. But also, it’s much more straight forward to voice your opinion on a law (ie an idea) than it is to support/defend a person who may or may not have committed a crime according to the law.
Mohammad Salman · 91w
We may be losing the plot. There are 2 discernible camps: Privacy + Permissionless network on one side, and NGU on the other. The latter helps make the asset more attractive to institutions, but also is a soft capture because everyone gets addicted to NGU and wants the political winds to help NGU, e...
Modus · 91w
The Cypherpunks had a strong ethos around the idea that asking the government for privacy protection was a waste of time. I wonder if that was actually true. Perhaps it was a mistake. In the United States, there might be a few people in leadership who understand history well enough to know that th...
Legion XXI · 91w
Crypto has always been piggybacking on Bitcoin’s success and tech
Kendy · 91w
Most people are conditioned that stacking fiat aggressively and NGU is more important than anything else. If only they understood that poor privacy and weak property rights can render all those gains useless.
El Tio · 91w
Love your thoughts 🥰
graffiti · 91w
The markets have never rallied around the tech advancements either.
Satosha · 91w
Bitcoin Custody for common person is impossibly hard .. if banks participate in this eco system , its actually decentralisation of custodians .. I am not limited to say coinbase or cash app now .. As for privacy , there are enough privacy tools for those who seek it . Bitcoin is public ledger by d...
Sab · 91w
Well aren’t you and nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m part of the people in the industry to help pump their bags ?
Tom · 91w
I share in this sadness. People are still stuck in the old world counting their pieces of fiat paper. Meanwhile in the new world being able to use Bitcoin privately is becoming harder—and worse still, it is not because of technological limitations but because the US government has taken to the wa...