@eurofounder@TampaJenAguiar They literally invited me to choose between 10-15-20% tip on top of the bill at a coffee shop inside the Prague airport last year. I was very polite of course, so went for zero.
Global regulators built the FATF Travel Rule for a banking system still full of illicit finance.
Now they are imposing the same surveillance architecture on Bitcoin.
The rule was created by G7 countries through an unelected body in France. It was sold as a way to stop money laundering by forcing information to travel with every transaction.
Decades later, the UN still estimates money laundering at 2 - 5% of global GDP. The model has failed in TradFi.
https://t.co/yu538GQFNZ
Regulators now want to apply that same framework to Bitcoin, which is an open, auditable ledger with a completely different risk profile.
Chainalysis’ 2026 Crypto Crime Report shows stablecoins accounted for 84% of illicit transaction volume in 2025, while Bitcoin is still being pulled into a surveillance regime designed for banks and centralised intermediaries and a financial system struggling to stop illicit finance at scale.
https://t.co/4zAiSWI4Wc
The Travel Rule forces firms to collect, hold and transmit personal information about the people behind transactions.
This creates databases that link identity, transaction history and asset ownership in ways that expose ordinary users to hacks, targeting and physical security risks.
FATF has updated it’s recommendations as part of a global push for payment transparency. As a result it is being expanded, embedded and normalised.
This solves nothing but creates unprecedented harm by forcing more personal financial data to be collected, stored and shared.
This clip is from the @YoureTheVoiceEF podcast with @efenigson and @bensamocha at Bitcoin Vegas last year.
The warning has only grown more urgent.
Bitcoin does not need TradFi’s failed surveillance architecture wrapped around it.
Memorable moments that these hecklers won't forget!
Get tickets to see Jimmy live at https://t.co/l3kS1dkbNC and listen to the new Crowd Work podcast here: https://t.co/XSiCLXDIcp
🚨JUST IN: BITMEX REMOVES ITS CEO, CFO, AND CHIEF GROWTH OFFICER
BitMEX's CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky have all departed as the exchange is reportedly looking for a buyer.
Former general counsel and COO Peter Wilkinson has now stepped in as CEO.
It's the third time BitMEX has overhauled its leadership since founders Arthur Hayes, Ben Delo, and Samuel Reed stepped down after criminal charges in 2020.
EU governments lost the fight over mass surveillance of private chats and now they want a rematch on their own terms.
Ambassadors pushed Friday to revive temporary scanning of WhatsApp, Messenger, and more for "CSAM."
This is after Parliament voted it down 311 against in March and the legal basis already expired.
The Council wants to override Parliament and scan 450 million people's messages, treating everyone as suspects. Error rates hit 13-50%.
This clears the path for next week's big "Chat Control" push into end-to-end encryption.
https://t.co/76rqGvyrQc
Excited to announce Flock! A new SNARK for efficiently proving batched Boolean computations, in collaboration with @benediktbuenz and @kleptographic .
The key use case for Flock is proving standard hash function such as SHA-256, Keccak and BLAKE3. For example, on an m4 max MacBook Pro it proves over 660k BLAKE3 compressions per second.
https://t.co/VVVop63BC1
Blasting the AC in my appartement 24h per day. Drinking delicious alpine water straight from the public fountain. Browsing the riffles at the gun shop after my french croissant and italian coffee.
It's great to be in a civilized society 🇨🇭