Simply Bitcoin

KENT HALLIBURTON: "Bitcoin through mining, which is the way Satoshi designed the network... He didn't design the network to go buy your Bitcoin. He designed the network so you acquire your Bitcoin through mining it." "Bitcoin will always remain sovereign and permissionless at the protocol level. It's just if people choose to interact with it at the protocol level." "The more of our community that is operating on a social layer, the more we're going to protect the network and the more freedom will go up for all of us."

🚨🚨🚨There is a major flaw in the BRCA of the proposed Clarity Act: (d) CLARIFICATION OF TREATMENT explicitly states that the protections in subsection (c) DO NOT EXTEND to (or "modify the application of") 18 U.S.C. § 1960(b)(1)(C) for a specific subset of conduct by an "initial person." 18 U.S.C. § 1960 prohibits operating an unlicensed money transmitting business. Subsection (b)(1)(C) covers cases involving the transportation or transmission of funds that the defendant knows are: (1) Derived from a criminal offense (e.g., proceeds of fraud, drug trafficking, etc.); or (2) Intended to be used to promote or support unlawful activity (e.g., funding terrorism, further crimes). This is the exact 1960 subsection now being used to target developers. Every builder and developer knows their tool could be used for nefarious purposes. Under this law, that knowledge alone is enough to send you to prison for years. There is NO PROTECTION for developers in the Clarity Act while this carve out remains.