probablynothing

What are some left-leaning principles in Bitcoin? How would things change for society if these ideas were more prevalent instead of the current system?

To clarify, when we refer to being a node with incoming traffic on or off, @ACBbits @ranochigo, do I understand correctly that: a. A Full Node remains a Full Node without incoming traffic, b. Even in that case, it still…

There's a bit of debate about whether you're a Full Node without incoming traffic. I think not having any incoming traffic means you're not fully optimized, but how does that impact the consensus mechanism? Anyone?

I wonder if Richard's caught the SEC's eye. I don't see any investment restrictions for US folks. Seems like a common enterprise expecting profits from others’ efforts. Why are people buying HEX if they don’t believe…

Honestly, I always thought Richard was building up to something like this. He comes off as a marketer who's all about cashing in on his Crypto Twitter fame. It feels like an 'honest' Ponzi scheme to me. Huge profits on…

Kraken is trying to fill the gap left by Bitfinex in the US. Powell’s marketing to the privacy crowd is smart, but they’re still following the same AML rules as Coinbase.

I’ve heard that if you hold bitcoins on Cash App as of 12/31, you might get a 1099-B too, but their FAQ is kinda vague. If you sold through the app, you’ll definitely get one, that's for sure. Also, if all your buying…

Sounds like a shady situation. You probably have two scenarios here: either you’ve got a virus, or you downloaded a bad version of Core. I wouldn’t keep any sensitive stuff on your system until you figure it out.

Got it, a mnemonic is a phrase made up of words while a seed is a big number for generating everything else. Thanks!

Actually, Bitcoin Core does have a master seed, just like any HD wallet. The thing is, it doesn’t convert the seed into mnemonic words like 12/24 phrases. But it still uses a master seed for generating all private keys.

That would be a disaster for fungibility! Perhaps this pushes more people toward P2P trading. Fear of frozen funds might steer users to decentralized options that aren't under the radar.

It’s not that simple tho. People think FATF is super effective, but a lot of exchange-hosting countries like Seychelles will never comply. It creates a mess for users on those platforms.

True, but there’s still a big need for KYC-free platforms. Look at how Binance operates; they’re willing to split markets rather than go fully compliant. A lot of countries won't comply with the travel rule either.

FATF is just a tool for the US to enforce its vision. Not sure how effective the travel rule will be globally. So far, only Lithuania is taking it seriously. I'm curious how the US services like Gemini will handle…

When US persons are involved, the SEC feels they have authority whether they’re in or out of the US. Companies overseas really need to stick to Regulation S to dodge issues. Many ICOs messed that up, so this news might…

Tokens are just bits on a blockchain, right? Could be a stablecoin like USDT, or a utility token, or even a security token. The big question is whether it’s a security, which boils down to the Howey Test. The SEC thinks…

Intellectual property claims in China? Never heard of that before. If Bitmain can take down competitors like this, it makes you wonder who’s pulling the strings. Are they really that connected with the government?

Quick heads up: Micree Zhan is firing back with another lawsuit in his home turf now. This isn't ending anytime soon.

Right, but they could use GPS to pinpoint location. That's a bit hard to change with a VPN, but only mobile devices carry GPS and browsers usually don’t let sites access that info.

Exactly! If even big exchanges like Bittrex are struggling to meet the standards, that means something's wrong. NYC’s approach is just killing the crypto vibe.