The USA is influential but it's not the be all end all. It represents about 4.1% of global population.
Seeing some companies shut off US customers is sadly a reflection of a bureaucratic and regulatory superstate gone mad.
Builders will build for other jurisdictions.
It's unfortunate that the US government is so tyrannical on financial services.
Lots of overseas banks don't even want US customers because of the regulation and bureaucratic headaches.
Sadly it looks like the parallel is happening in Bitcoin world too.
Will Bitcoin company product offerings go like shitcoin casinos? They'll have an offshore offering with the best stuff, and then their nerfed US versions? ala Binance US or FTX US
Or perhaps they'll just totally exit the US altogether ala Bitfinex style
Just a guess at this point.
Sad to see this. Perhaps this is the 'balkanisation' of bitcoin and lightning offerings for US vs non-USA customers.
It looks like the USG won't be comfortable with non-KYC LN apps for US users. But let's see how it pans out and if other apps follow suit.
@Jeff Booth, author, entrepreneur and founding partner of Ego Death Capital rejoins me on the show to talk about his bitcoin advocacy at various levels:
Speaking to politicians about bitcoin
The system you give energy to
“Staying and fighting” in Canada vs supporting alternatives e.g. Madeira
‘Coincidental’ attack on Bitcoin?
How do you think about investing as a bitcoiner? @preston of TIP rejoins me on the show to talk about a range of related ideas:
HODL vs invest in companies
Microstrategy and other public companies
VC and early stage investment
Realistic investment hurdle rates
Technical realities as bitcoin grows
