This is just wierd… Like they want to make their own nation using cryptocurrency on Native American soil.

How is crypto a good thing then? They can just take your money and people can’t sue them.

Imagine using a tech where all your money can be stolen because you downloaded the wrong app.

Isn’t that the truth. (pun intended)

Maybe they should fix it and push changes upstream to Mastodon.

To be fair, it’s pretty good at money laundering. North Korea does it all the time when they hack crypto.

• Anonymous bridges like Thorchain allow for swaps without KYC and can be converted to privacy coins like Monero.
• People can send money to mixers like Tornado Cash and send payments directly from the mixer to someone
• Shady exchanges can exchange crypto for fiat even without KYC

And what’s worse, the US government is letting these things remain legal. https://www.reuters.com/business/finance/us-scraps-sanctions-tornado-cash-crypto-mixer-accused-laundering-north-korea-2025-03-21/

Let’s hope so. Even republicans should be upset at this bill.

Oh for sure, that’s how ransomware works.

The difference with crypto is someone knows how much someone has and they know it’s quickly available for transfer. They don’t have to wait a few days for the money, too. Like for coinbase someone has to wait 7 days after a deposit before being able to send it to an external address.

For criminals? It’s because with crypto is easy to quickly steal a large amount and launder it afterward. Also it’s easy to know how much they have if they have your wallet address. So they can’t lie and say, “I just don’t have the money.”

Because it’s a terrible bill to help big crypto at the expense of taxpayers.

Still isn’t going to make them less of a target to criminals. Criminals only want to know if it’s possible to get the crypto.

Let’s see criminals try to take my Vanguard ETF fund. Even I can’t access it easily without a bunch of paperwork.

He just needs to convince more people to “invest” in his “idea”.

Another $4.5 million in damages thanks to crypto

I think the cryptobros are catching on that owning crypto is a dangerous liability.

I’ve switched to Ropa Vieja with rice. It’s so much better and can easily freeze leftovers.

Ah yes, the 80% and they all support white genocide. /s

It’s only half spinning too.

That’s still a person against a bot. Spammers can spin up accounts automatically in Nostr with no verification.

Cool cool, thanks