The sheer amount of bullshit regulation going on these days around taxes and banking is getting to the point where a lot of people are at risk of becoming unbanked if they happen to lose documents and anyone who is in transit is very much at risk.
Meanwhile, even my Wallet of Satoshi was easy to migrate to a new phone, and they DGAF where I live.
If they did, I wouldn't use it any further.
I'm applying that razor to everything now. The only thing that I'm gonna make any effort in this direction is banking and for now, that's no problem. But I can see how it might soon be the case that the only way for me to get cash is via Western Union or other laborious transfer method, if this shit keeps up.
The compliance cost is gonna make people really pissed off soon.
I can see how merchant adoption of Lightning is going to be an easy sell really soon. The banks have the axes out on the limb they are sitting on. I hope they all fall into a hole in the ground and get covered in water.
/ l0k1
npub1qr…mnkrw
2023-09-29 23:36:51
Author Public Key
npub1qrnvx4jc7j8k5fdesg8scvg7d5yge3d7z6e0wufzkdcq83ycsyuqrmnkrwPublished at
2023-09-29 23:36:51Event JSON
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"created_at": 1696023411,
"kind": 1,
"tags": [],
"content": "The sheer amount of bullshit regulation going on these days around taxes and banking is getting to the point where a lot of people are at risk of becoming unbanked if they happen to lose documents and anyone who is in transit is very much at risk.\n\nMeanwhile, even my Wallet of Satoshi was easy to migrate to a new phone, and they DGAF where I live.\n\nIf they did, I wouldn't use it any further.\n\nI'm applying that razor to everything now. The only thing that I'm gonna make any effort in this direction is banking and for now, that's no problem. But I can see how it might soon be the case that the only way for me to get cash is via Western Union or other laborious transfer method, if this shit keeps up.\n\nThe compliance cost is gonna make people really pissed off soon.\n\nI can see how merchant adoption of Lightning is going to be an easy sell really soon. The banks have the axes out on the limb they are sitting on. I hope they all fall into a hole in the ground and get covered in water.",
"sig": "ab195136cc3a08bef78e1d893c19f2e1b818e8464c942565efabdfa7d696b38ae614b2e256b191de05e7b81e39474d1e8ae2ac466a6a61ee9ee23c8ee9511bef"
}