Thread

If you use Swan, you value convenience more than privacy. People who value privacy more than convenience are using p2p methods of stacking and are unaffected. If Swan's announcement affects you, maybe look into routing around fiatworld's limp attacks instead of wringing your hands.

Hey, all I know it seems easy to rag on Swan - and I agree with Matt's dystopia comment, obviously- but I can tell you as a new pleb who's trying to get her family on board that it's helpful to have bitcoin-only companies out there. Swan has a simple interface (KYC, I know... but simple) and they actively encourage self-custody. Also notice that it's not Swan itself that's anticipating the FinCEN regulation by cutting off connection to mixer wallets (assuming they're being honest in the letter). And they tell customers exactly how to go around the new rule.

Swan Bitcoin finished Pacific Bitcoin and then forgot everything their speakers said... View quoted note →

Bent both knees

What are merchants like the bitcoin company gonna do ? 🤔 stop accepting lightning, only accept btc from cexes ? Or only applies to exchanges ?

Wow..... View quoted note →

Bound to their custodians. Not surprising unfortunately. Just another reason to use Robosats, Bisq, and or Agoradesk

Swan is for bankers.

Rip- Jstark

You are the one least surprised by that shit

Live free or fucking die View quoted note →

FOSS fixes this. Freedom protocols all the way up and down. Honestly don’t get yer panties too much in a bunch about Swan. As far as #nostr goes WoS is a bigger honeypot.

Et tu, Swan?

FTFY: Fuck Kory

Am I correct in assuming that swapping into and out of lightning or even just performing a single-hop tx from the mix address subvert this horseshit? View quoted note →

Co-Reee bending over rather than standing up. Seems the NGU-bois are splitting off from the revolution.

these lying, stealing criminals have no idea the wrath of what is coming to them. The mistakes and the criminal (morally) acts that they are taking part it are condemnable. I am a free person, and speaking freely as a free man will do the following. 1. Never sell my bitcoin 2. Fuck you 3. suck my dick, everyone. 4. burn my keys in a fury of fire before giving access to any government cuck (pussy bitch) who can't enforce the words he writes down on a piece of paper, let alone take my keys without the help of grunts these are the rules. I don't make them. All glory to god, please be at my side. Men are born free.

What's up with the wording? - "...termination of your account with our banking and custodial partners." - it might be bad wording, but it doesn't say termination of the "swan accounts". Are they saying that the banks/custodians will start shutting the accounts (ie bank accounts) of the specific people associated with specific Swan transactions? How does the "partner" identify these specific people out of its all clients engaging with Swan?

Kill all the ramps. Earn it or mine it.

There's a lot of talk about your post. Added to the https://nostraco.in/hot feed

Never send coins to exchanges. Problem solved

Wen Mandibles?

I''m from the other side of the world. Can someone shed some lights on this matter? 1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only. 2. They encourage all their users to withdraw and self-custody. 3. They are anticipating govt giving problems and help users to think ahead and be prepared. 4. They operate under US law. Questions: A: Is 1, 2 and 3 not a good thing for bitcoin? B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down? C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.

All fiat companies are subject to this kind of abuse in the long run... We are just getting a taste of what's coming. Everyone better start digging into P2P solutions to replace these honeypots. View quoted note →

If It is traceable, It is baneable. Don't mess yourself and use Monero

As we say in South London ‘fuck ‘em’… self sovereignty, self custody, circular economy… locally, nationally & globally… mic drop!

bitcoin needs on-chain privacy. as long as they can tell apart between a bitcoin that has a tail of transactions and a bitcoin that has been freshly minted, they can force exclusion like this.

Check Samourai Ricochet spend tool. When to use: "When sending to an exchange or other third party service that may look at this history of your coins."

How far back they will look into one address to apply that? How many hops after mixing one has to do to avoid being caught by this rule? anyone knows?

View quoted note → 🤢🤢🤮🤮🤮🤮🤮

Choices that I see

View quoted note →

When Swan XRP only?

Complete fucking bullshit

Swan is pretty weak to comply rather than shut down. There’s no “long game” in complying here. That’s the government’s long game.

" Then they fight you" View quoted note →

They put the hint in *bold* ... ;)

Monero solves this!