
The regulated services will just be shutting themselves out of the economy at that point.
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EditThe regulated services will just be shutting themselves out of the economy at that point.
It's really not that simple. Censorship and spam are both inevitable. We should be asking bigger qquestions about how Bitcoin can evolve to better resist all kinds of attacks. For example, can we keep prices low and fair for monetary transactions while increasing the cost of spam? Can we more effectively penalize miners or mining pools for rejecting valid transactions, driving them out of jurisdictions that demand censorship? Can we enhance the network's resistance to 51% attacks? There's a lot more to this than the dubious efficacy of one particular spam filter.
Ocean is now working on DATUM to further improve decentralization. It's in public beta right now. https://ocean.xyz/docs/datum-setup
"Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act." I've been gradually searching through the report, but haven't been able to locate this particular recommendation yet to substantiate your claim about it. What page of the report is this on?
The only long-term solution is to keep improving BTC's ability to resist censorship and surveillance. Government isn't a solution to financial problems. Real money is. We can't expect governments to keep their hands off. We need to ensure it's technically impossible and therefore beyond their power to go hands-on. We also need to ban CBDCs in the United States ASAP. Other countries should follow suit if they want to call themselves free or democratic.
The client list, the real one, was probably long gone or long corrupted. We still need answers and accountability for that.
https://www.congress.gov/bill/119th-congress/house-bill/1919/text/eh We need to ban CBDCs to limit government power. Call your senators and get this thing passed ASAP. It already passed the House.
Is it actually open source or is it just pretending by sharing outdated code?
I hope it keeps dropping. We need a strong signal and backlash to discourage further regulation of the crypto world and the potential destruction of the crypto industry in the United States. So far it's only stablecoins, but we're on a dark path. The BTC network needs to improve its resistance to and ability to penalize malicious miners ASAP.
Stablecoins as regulated in the GENIUS act are legally subject to government surveillance, censorship, and seizure. Assets with these properties are no better than stocks, bonds, or fiat.
The software individual nodes and miners choose to run should be mostly irrelevant in the long run. As long as there are miners willing to include your transactions, Bitcoin will keep working. If this is ever not the case, Bitcoin needs to be improved. Therefore, do what you want with your own node.
Jesus. Liberty. Security.