Ciphersmith

@CryptosR_Us "Expanding crypto custody services" is a nonstarter to begin with. Sorry, but regulatory capture of a financial privacy coin is something that doesn't interest me. I don't care whether banks need clarity. We adopted bitcoin to get rid of banks.

$59 TRILLION BNY MELLON: BIG BANKS WILL DRIVE CRYPTO ADOPTION CEO Robin Vince says large banks will be the main channel for crypto going forward, not a replacement. Why? Because banks already have clients, custody systems, and regulatory access. What they’re doing right now: 📊 Expanding crypto custody services 📊 Working on tokenization of money market funds and real-world assets 📊 Integrating crypto into existing financial infrastructure Adoption isn’t limited by demand, it’s limited by regulatory clarity and trust. Once that’s in place, banks can scale crypto products to existing clients quickly.

@RonSwanonson That's an easy one to figure out. Net interest on loans requires an increasing money supply. Hence 2% given that that is the target overnight funds rate. The Douglasites / social credit monetarists have been talking about this for 100 years. If you have usury, you have inflation.

I have a great idea 💡 If 2% inflation is “ideal”… Let’s all counterfeit 2% of our own money each year Then they don’t have to expand the money supply at all… We will do it for them

@vexl So true. Keep educating people on this point.

Still buying bitcoin on KYC exchanges and leaving it there? Friendly reminder: If you don’t withdraw your bitcoin, someone else eventually will...

@Rajatsoni But bitcoin really isn't censorship resistant.

Stop promoting your shitcoin Nothing that it can do is as important as a censorship resistant and incorruptible store of value (Bitcoin Using digital property instead (BTC) of physical property (real estate) as savings will change everything about how we interact with the world Everything changes once real estate investors finally figure out how Bitcoin works

@HodlHabit Go to jail, obviously.

The government demands your Bitcoin keys. Hand them over or go to jail. What do you do?

@Eyoyism If he actually said that then I would support him for the first (openly) gay president of the US.

one of our finest gay guys

@MaryRuwart So much this ^

If we truly owned our homes, we wouldn’t have to pay rent to the county to keep from losing them.

@Bitcoin_Teddy Not for long. Regulatory capture is incoming.

Bitcoin fixes this.

@TrendingBitcoin It's actually regulated by both now.

“#Bitcoin is not unregulated. It is regulated by algorithm instead of being regulated by the government bureaucracies. Un-corrupted.”

@theradaman Yeah, sound money fixes people's moral deficits. Right.

After becoming a Bitcoin maxi, I lost all interest in politics. Once you understand sound money, you realize most political problems aren’t meant to be solved. Because when the money is broken, everything built on top of it is too.

@Airbtconline Does that include buying a dumbass gift card with it? 😂😅

Be honest: Have you ever actually paid for something with Bitcoin?

Crypto exchanges when they first rolled out KYC and AML 😬

Linux distros and the dilemma over age verification compliance

@Cryptotea Satoshi didn't intend for you to buy and hold bitcoin, as has been demonstrated over and over and over and over again from his public statements. Bitcoin was to be used as a medium of exchange, not a hoarded asset, which defeats its monetary mission.

This is why you buy and hold bitcoin the way satoshi intended

@GhostofWhitman @coinbase @Gemini Just stop supporting KYC exchanges like @coinbase full stop. They are the enemies of the People's Money.

Bitcoiners need to stop supporting companies like @coinbase & @Gemini with their bullshit “crypto rewards” credit cards until they start actually show they support bitcoin with the actions (not their words)

You don't really own anything that you went through KYC to obtain or register.

This is why anonymous bearer instruments / assets (like gold) are incredibly vital. They can earn yield without anyone knowing you own it. If it's online, it can and will be tracked. Try doing that with the records / video footage of 15,000 pawn shops where gold is still cash-in-hand. Don't tell me about the "premiums." It's called dollar cost averaging and holding long enough where price increases erase the premium.

We've been telling #Bitcoin maxis for years... No privacy = no freedom Only #Monero is truly censorship resistant in the most hostile conditions. Bitcoin is NOT private... Even with their stop gap solutions.

If possible, they are not going to allow you to earn yield outside of their bank and hedge fund derived financial products -a massive disincentive to using stablecoins of which I am a huge fan. I have been telling whoever would listen that regulatory capture and privacy erosion was the biggest threat to both bitcoin and cryptocurrencies of all stripes. I think events are proving me to be correct. What they can't coopt for their own purposes they will destroy through regulation.

This no longer excites me. I don't want to make a deal with banks on my ability to earn the yield that is rightfully mine.

Bitcoin was supposed to end 3rd party involvement and now we're back to 3rd parties because of security concerns. There's no scenario in which multisig (meaning more than just you has control over your coins) prevents you from being hurt out of simple frustration (vengeance) at you having thwarted armed robbers, or being tortured for the information. Plus it's less secure, not more secure to have multiple controllers of your asset. Anyone who leaks your tax information needs to be charged with a criminal offense so grievous it's a disincentive to selling your information.

if you keep >0.5 BTC on a wallet in your home, watch this video 👇

@basedlayer @PeterSchiff The reason you are touting gold's "fall" is because gold outperformed bitcoin by a large margin over the last entire two years and that wasn't supposed to happen. It's counter-narrative.

gold has been crashing for nine straight days @PeterSchiff nine in a row. during an oil shock. during war escalation. during exactly the environment gold was built for meanwhile bitcoin is at $68,300 I keep reading headlines saying "bitcoin drops below $69K as war fears weigh on crypto" which is technically true. but they're not telling you that gold dropped more. stocks dropped more and bonds are getting hammered the thing that was supposed to protect you during chaos is failing. the thing that was supposed to be 'speculative' and 'risky' is holding at Blockstream we used to have this conversation all the time. what does bitcoin decoupling actually look like? everyone assumed it meant bitcoin going up while everything else stayed flat. turns out it looks like everything else going down and bitcoin just... not going down as much which is a bigger story IMO