Damus
gladstein profile picture
gladstein
@gladstein
I recently learned that legislation has been drafted on Capitol Hill to classify *not re-using Bitcoin addresses* as "mixing"

There are also efforts to force "unhosted wallet providers" to collect user info for taxes

As well as to give power to Treasury to sanction any address (even Americans)

And a whole lot more bad stuff

IMO Coin Center does vital work to fight this and to protect privacy tech

They are a compact team and do a lot with the resources they have

They sue the OFAC and Treasury

They consider the Bank Secrecy Act unconstitutional and act accordingly

I just spent some time with their leadership team, asking questions, and came away impressed, I would strongly suggest a donation today

coincenter.org
6951❤️69🤙36👀64💜4❤️2
crany 👽🧡🗿 · 118w
horrid
pailakapo · 118w
I don’t think switching out the reserve currency with a decentralized alternative would be *aided* by the current regime. I’m sure these opening salvos will seem trite a few battles in.
Bitcoin Memes · 118w
Own node !!!
Knic · 118w
Bummer. Fuck them with my fuck you money.
HyperTangled · 118w
Not reusing the same adresses is considered "mixing"??? Not at all, this is just compartimenting UTXOs. "Unhosted wallet providers" there's no such thing as a unhosted wallet. All the wallets already exist on the network, no one owns a wallet like you would with a bank account... you can't host a w...
Gowingnut · 118w
Why not they legislat https://image.nostr.build/a94043c20ecd0b1f185e7a8b977f494caf02904cbd2b294472958daaa3a4bf1a.gif e deez
calva⚡️ · 118w
Insane.
gladstein · 118w
Here’s detail on the “single-use addresses” https://image.nostr.build/827529ad651c2ff907859e8ace5531a5586f73d946af8c9d3b633fe80d949577.jpg https://image.nostr.build/449f33ce4a58ffeb39d413a7e14350383496c1e9066b93315305a0fff6762fc4.jpg https://image.nostr.build/1caedede8ee0ed6fa67b56ebbff4b39877...
Travis West · 118w
https://image.nostr.build/e42334a5564a02f2e12d0eccca248d89d4b92ae14f11dff33d22986ddcb3b3de.jpg
captjack 🏴‍☠️✨💜 · 118w
above nothing new info
Quantoshi.xyz · 118w
This is why I literally have almost a dozen coin center t-shirts. Had I stacked sats instead, would be worth way over $10,000.
Nëïgsëndöïg · 118w
Now which one of these "books" dirtbags forced this legislation to be written?
47 · 118w
sounds dystopian af
Nyoro~n · 118w
sounds like the state wants to teach Bitcoin best practices the state is dumb, be smart, don't re-use addresses 🤓
Jonathan · 118w
Our list of allies grows thin, we need people fighting on all fronts, I'm glad they are using their skills to do as much good as they can do.
American Patriot · 118w
Gold
nout · 118w
That sounds horrible and infringing on human rights... OFAC should GOFAC themselves.
humblepardon · 118w
Our leaders have gone full tyrant
Chuck Langstrumpf · 118w
Curious to watch how long it will take number go up Bitcoiners to realize that Monero is what they thought Bitcoin is...
Cole Albon · 118w
The solution is to win a huge grant from the federal government to build a KYC single address version of bitcoin, then release the new code to git right next to the bitcoin POS project. Throw in Rabble's brand new censor tools for double plus good.
Sabina · 118w
Do they allow for earmarking donations to specific topics/categories?
BlackBlot · 118w
Sorry but Coin Center are shitcoiners
OT · 118w
Aren’t Trump and Biden crypto bros since last week?
Jeff · 118w
nostr:nevent1qqsv44g6cfv24lzgevx7ms0lxc9hd2j45ufseneaahla58ed8eh3drcpp4mhxue69uhkummn9ekx7mqzypwhelcx46lwrcjx9q8mycnm8pkvku6tlrarwxwaymnmcwdu7hrs2qcyqqqqqqg9sl52r
btcschellingpt · 118w
Not my bag of feral cats .. but out of curiosity, are you also aware of which side of the aisle was doing the drafting?
btconboard #LNHANCE or #CTV · 118w
If passed I will not comply. The constitution clearly protects these rights and I will continue to exercise them.
Chad Lupkes · 118w
https://www.coincenter.org/comments-to-the-financial-crimes-enforcement-network-on-proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions-of-primary-money-laundering-conce/
CanadaExtreme · 118w
They really should allow lighting for donations
BTC-Satan · 118w
who, specifically; is Capitol Hill?
Rand · 118w
no sats sorry/accepting volunteers?
j · 118w
Simple question here: If all this legislation did pass how would that affect how Bitcoiners and folks who want to use Bitcoin in the future? Would they stop using Bitcoin wallets? Would they stop using Bitcoin…? The answer I believe is no. The legislation would create a “white market” wher...