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0 sats \ 1 reply \ @7ac5aafdeb 6 Sep \ parent \ on: Bitkit Wallet AMA - John Carvalho, CEO of Synonym AMA
I don’t understand that. You also use the term ‘money’ to describe Bitcoin, and there are laws that apply to money. Since Bitcoin is not money, why would you promote it as such? Using the wrong words to describe something can cause serious problems in the future.
Why invite unwanted attention?
Why do you call Bitkit a wallet when it’s not? Isn’t 'wallet' merely a bad analogy? What happens when regulators ask you to treat Bitkit as what you call it?
What Lightning Labs did was stupid and evil; stablecoins infect Bitcoin, and there are no positive aspects to this.
Every company that has integrated stablecoins into their projects is blind and serves evil.
What happens when regulatory oversight requires you to obtain a money transmitter license and perform KYC on users? Don’t believe that self-custodial apps won’t be affected.
So what happens to the Lightning Network if sanctioned countries start using stablecoins on it?
Isn’t Bitcoin the solution to inflation? How does buying another inflationary coin solve inflation?
Forget this question, let the man be. If you want to know, there are clues and a lot of people know who he really is
13 sats \ 0 replies \ @7ac5aafdeb 9 Jul freebie \ parent \ on: New App to Win and Earn Bitcoin bitcoin
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