Thread

🛡️
Reminder: you have until January 22, 2024 to submit a comment and you can do it anonymously if you choose. I already did. It takes 2 minutes. Do it.
Lyn Alden's avatar Lyn Alden
FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act. People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you. https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/
View quoted note →

Replies (3)

Actively pursuing privacy protecting practices with digital currencies falls under our natural, God-given right to self-defense, just like firearms. Can it be used for illicit purposes? Of course, just as guns. However, this doesn't make the everyday use of it any less legitimate than to conceal carry. They are the same right for the same purpose: self-defense, not only against adversarial individuals but also potential tyrants. Therefore, only potential tyrants would force us to lay down our arms and lower our digital defenses. A government that wills the good of its citizens would recognize and codify this practice in self-defense as protected.