Jesse Shrader 🌋⚡ 🌊 @Jestopher_BTC
Co-Founder @ https://t.co/VbUrHIfzM6 - ⚡ Network Explorer 🔦 Never before has greed tempted me to live a very simple life. https://t.co/Ecip4meY29 amboss.space Nashville, TN Joined May 2015-
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Time to bring back the age old debate: Cast iron or stainless steel, which is your favorite money transmitter?
Absolutely brutal week
I wish my parents would accept my failures as willingly as the US govt accepts bank failures 🏦🔥
It’s increasingly the case that a lot of good bitcoin apps work in dozens of other countries but not in the United States. The US is kind of slowly firewalling itself from the rest of the world in terms of financial innovation.
It’s increasingly the case that a lot of good bitcoin apps work in dozens of other countries but not in the United States. The US is kind of slowly firewalling itself from the rest of the world in terms of financial innovation.
If you don’t custody consumer funds, you are *not* a money transmitter. The Blockchain Regulatory Certainty Act provides this necessary certainty for miners, validators, wallet software providers, and the entire blockchain ecosystem.
Moved all of my funds in Phoenix to my own lightning node.
We're seeing fear ripple through the BTC and LN ecosystem after the recent US enforcement action. The chilling effect is devastating to US innovation and the network effect of better payments technology. The best counter to fear is taking a risk management approach.
When was the last time you made an on-chain transaction (outside of a lightning channel open)?
It was situations like this that made replacing the payment system a top priority. Bitcoin is better money. Lightning is how to scale it.
It was situations like this that made replacing the payment system a top priority. Bitcoin is better money. Lightning is how to scale it.
Survival of the most paranoid
We're all g̶e̶t̶t̶i̶n̶g̶ g̶i̶r̶l̶f̶r̶i̶e̶n̶d̶s̶ registering as a MSB ic3.gov/Media/Y2024/PS…
Lightning is a massive upgrade for privacy. The protocols in place contribute to incredible improvements for private payments.
Some thoughts on the Samurai Wallet Indictment: On April 23, 2024, founders Keonne Rodriguez and William Lonergan Hill of Samourai Wallet, a non-custodial Bitcoin wallet known for its privacy features, were indicted by the Southern District of New York for operating an…
Sending money around the world is extremely easy thanks to bitcoin and lightning. How can a business best protect their operations amidst regulatory crackdowns? Simple risk management. Taking proactive steps now to reduce risk pays dividends with documented efforts.
Buying lightning channels typically stops completely during high fee spikes. Lightning is perfect to avoid these events with existing channels. Sustained high fees, however, drive channel purchases. Why do a single use transaction when you can make a reusable channel txn?
Imagine thinking running your own node isn't important
William Casarin 🇨�.. @jb55
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2K Followers 5K Following platform engineer for anchor watch - building out trident wallet@Jestopher_BTC The term money laundering is a slippery slope introduced by the feds. Mixing = privacy. Privacy is a right therefore mixing is a right.
El Salvador is now an example for the world. And that is because it is one of the greatest human rights stories in history. Life. Liberty. Property. 🇸🇻🧢👑⚖️
@Jestopher_BTC 🤝 x.com/r0ckstardev/st…
Everyone wants to be a rockstar, until it's time to be a rockstar.
What the fuck has @coincenter been doing for the last god damn decade. What an embarrassment.
@Jestopher_BTC hahaha you earned your burrito this week, AM BOSS.
Lightning service providers, coinjoin coordinators, lightning nodes, these are all DATA services. They do NOT have control over the funds. Lightning nodes do not pass a sender’s funds anymore than a Newton’s Cradle transmits steel balls from one side to the other. The current…
USB cables are money transmitters!
It's real simple--every non-custodial wallet is a money transmitter. And if you didn't do KYC to use it, well, it's an unlicensed MSB. I mean, this is it. Right here, right now. But Samson Mow et al says "Don't worry", so I guess meh nbd. storage.courtlistener.com/recap/gov.usco…
Insane interpretation of the US law by the feds. Framing it this way, your LAN cable is a money transmitter.
@super_testnet @brian_trollz @BitcoinRothbard Thanks for the legal analysis, @super_testnet. The federal government specifically disagrees as of yesterday. No "control" is required to be a money transmitter.
busy week in legal / regulatory for crypto. check out this list of headlines since monday: - DOJ arrests Samourai Wallet founders - FBI publishes warning against using non-MSB crypto - Warren sends letter re: crypto & CSAM - DOJ files opposition to Tornado Cash MTD - Phoenix…
I'm not an ordinals hysteric and I think it is what it is: mega retarded but valid use of bitcoin. That being said, not a great time to "make bitcoin fun again." The house is on fire guys.
I was breathing near a spot where I saw two people use RF signals from handheld devices to make payments that might have propagated directly through the CO2 I exhaled on their way to cell towers. Am I now a money transmitter? Do I need an attorney?
@super_testnet Wire manufacturers need to register as MSBs