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145 sats \ 0 replies \ @Rothbardian_fanatic 3 Dec \ on: BPI: Downgrading the Bank Secrecy Act is a Powerful Reform for Bitcoin bitcoin
While we would hope that the majority of people using Bitcoin will practice self-custody, which is one of the key advantages of using Satoshi’s innovation, we know that most will not. ‍ Instead, custodial services and exchanges will provide a lot of functionality for users, meaning that more and more Bitcoin activity will fall under the auspices of the Bank Secrecy Act.
Yes, Yes, Yes, self-custody is the only way to make BTC look like cash. Cash is anonymous and untraceable for good reasons, like it is none of the government’s business how we spend our money. Do not give in to the surveillance die-hards.
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