#Bitcoin The government is coming to take your rights away again. They call you knowing your private key an "unhosted wallet." Orwellian doublespeak. public-inspection.federalregister.gov/2020-28437.pdf
Let us gather their errors to present in our submissions. 1. #Bitcoin address are not public keys. They are hashes of public keys.
There is no reason at all to limit comment to 15 days against federal guidelines.
The government likes to have it both ways. Argue that Bitcoin is a commodity, currency, monetary instrument and property only in ways that give them power over it, and none of the ways that give you more power. We should so the same. Crypto is not used as a currency by and large
The majority of cryptocurrency usage is actually just holding, and not using, thus the, FinCEN is encroaching on the appropriate bodies authority.
Fincen doesn't get to regulate all stores of value.
Lets be serious. How many cryptocurrencies will never ever ever be used to pay for something?

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Richard Heart: HEX.com 40% APR, 263x in 301d ⬣🚀🌘

Richard Heart: HEX.com 40% APR, 263x in 301d ⬣🚀🌘 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RichardHeartWin

19 Dec
#Bitcoin and #Ethereum lawyers. I've shared the latest FinCEN proposed rulemaking for public comment. The goal is to leave no stone left unturned. I have identified novel arguments. docs.google.com/document/d/1n7…
If you invoke a parade of imaginary horribles, you must be accept their rebuttals as well. An exchange knowing their customer does exactly 0 to affect ransomware payments. It also does 0 to affect cybersecurity attacks. It also does 0 for national security.
Read 25 tweets
19 Dec
Dr. @jordanbpeterson fought for the right to speak his own words instead of the governments compelled inaccurate ones.

We must do the same in #Bitcoin the government wants you to control what numbers you are allowed to know or use. "Self-custody" is doublespeak. You know a key.
You don't self custody the money in your wallet. You don't self custody the keys to your car. The language is contrived to control you. We have fought this battle before with PGP and DVD encryption.
@adam3us didn't you sell shirts with the DVD decryption magic number?
Read 4 tweets
23 Nov 19
What multiple in USD do you think HEX will show 183 days after launch? Post your best guess within 24 hours of this post and the closest guess will get 10,000 HEX from an anonymous donor. Measured from the low of the price at launch to the high of day 183.
Bots not eligible. In case of a tie, the winner will be chosen at random. Using price on the first exchange with over 10,000 HEX volume. In case of exchange error, another will be used. In case there's some legal reason why such a contest isn't OK, the contest will be canceled.
Since it will first trade on non USD pairs, we'll convert that pair into USD equivalent forn judging purposes.
Read 6 tweets
22 Nov 19
Here's some frequently asked questions re: Pumpamentals.com
Where does the ETH go? You must have no expectation of profit from it. Read the "Howey test" to understand why:
| | |
How does the AdoptionAmplifier (which turns ETH into HEX) work?
How does AA work? youtube.com/watch?v=Uv2mFA…
Read 8 tweets
30 Jan 19
The fairest way to launch a #cryptocurrency is to align the incentives of users with the health of the project. A self reinforcing positive feedback loop. If adoption is what you want, users should get paid more to spread adoption.
If high value is what you want, users should be paid to lock up their coins and not dump (just like vesting in normal startups.) This also makes more space for normal currency uses as it takes load off the transactions per second capacity.
If you only care about being used as a currency, and fear a deflationary spiral, than demmurage (inflation) causes spending and the hunting of yield, because you know you're losing money just holding it. (USD does this.) Boom, bust style.
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!