All the ETFs and Bitcoin treasury companies have their Bitcoin being managed by an exchange which uses vibe coded software.
What could go wrong
https://t.co/vmMUX2mwKN
Bitcoin is the ultimate test of intellectual curiosity.
Bitcoin has no frame of reference. It’s not analogous with anything else in our lives and most people think within their frame of reference through a set number of convenience heuristics.
In order to understand Bitcoin you have to be curious enough to want to go outside your heuristics box and be genuinely excited about the prospect of learning something new.
Unfortunately very few people are intellectually curious.
Unlimited access to information has made us intellectually lazy, arrogant, inflexible and uncurious.
Bitcoin puts a significant cost to being intellectually uncurious.
Unlike humans, that get more corrupt as they get more powerful,
Bitcoin becomes more secure and honest as it gets more powerful.
Bitcoin takes away humanity’s inherent weaknesses of being corrupted by power.
I heard someone today say “we shouldn’t pretend Tornado Cash isn’t used for illicit purposes”.
I don’t pretend Tornado Cash is used for one thing or another - it’s none of my business what people use software for. It’s also not anyone else’s business what anyone does with their money.
It’s not “illicit” to move money. Moving money is not a legitimate crime.
ALL surveillance and control, all AML KYC and all violations of privacy are completely unethical, immoral and illegitimate.
All of them.
We have to go along with this because the tyrants pushing these horrible things have guns - but none of it has any place in a free society.
Moving money and having privacy is not a legit crime. There is no victim.
If someone moves money for a purpose that is in violation of a legitimate law then the law enforcement can chase them for that legitimate crime. (A legitimate law is a crime against someone’s life, body or property. It has an a direct clear victim. No other laws are legitimate or ethical.)
It’s wrong to treat the whole world as criminal suspects and to force draconian regulations on everyone. It’s wrong to threaten, fine or jail people for paperwork or other made up violations which harm no one.
This is all a very new and very bad idea.
Almost none of this existed only 30 years ago.
For most of human history the idea that thug tyrants in high offices had the right to visibility to who owns what and where and how it’s transferred would have been considered absurd.
Even some of the most totalitarian regimes did not have as tight of financial controls as we have now.
People didn’t even need an ID to buy stocks until the 90s.
The tyrants have made people lose the plot and think that privacy or moving money without filing out some forms is a “crime”.
This entire thing should be scrapped. There’s no legitimate case for this. Money should be able to move freely.
“I see you deposited $8000. We need to know where it came from.”
“I see you are withdrawing $3400 cash to buy a rare Magic the Gathering card…not so fast, we need some forms.”
Gets out of here.
Totally immoral. Unethical. No one should support this.
We need to fight much harder - not just for cases like Roman — but at a bigger picture level.
Every conversation with every politician and regulator should note that ALL regs related to KYC and AML are illegitimate, anti business, anti freedom and a human rights violation. All should be scrapped.
“But Bruce what about the terrrorrooorrrrrrrists and the child traffickers 😭 think of the children!”
That’s the problem of the terrorists and traffickers - chase them. Don’t treat the other 4 billion of us like criminals. Don’t grind down the wheels of the global economy and create friction on a trillion transactions — go do some police work. Not my problem. Money movement should be free.
Privacy is a human right.
Gold worked last time. But gold is slow.
This time, the world has something better:
– Scarce by code
– Instantly verifiable
– Globally portable
– Immune to trade wars
Bitcoin is monetary armor.
Why are so many Bitcoiners... Christians?
At first, I thought it was a coincidence.
But the deeper I go into Bitcoin and into my faith, the more I believe it's not random at all.
A 🧵: