The USA is influential but it's not the be all end all. It represents about 4.1% of global population. Seeing some companies shut off US customers is sadly a reflection of a bureaucratic and regulatory superstate gone mad. Builders will build for other jurisdictions.
It's unfortunate that the US government is so tyrannical on financial services. Lots of overseas banks don't even want US customers because of the regulation and bureaucratic headaches. Sadly it looks like the parallel is happening in Bitcoin world too.
Will Bitcoin company product offerings go like shitcoin casinos? They'll have an offshore offering with the best stuff, and then their nerfed US versions? ala Binance US or FTX US Or perhaps they'll just totally exit the US altogether ala Bitfinex style Just a guess at this point.
Sad to see this. Perhaps this is the 'balkanisation' of bitcoin and lightning offerings for US vs non-USA customers. It looks like the USG won't be comfortable with non-KYC LN apps for US users. But let's see how it pans out and if other apps follow suit. image
@Jeff Booth, author, entrepreneur and founding partner of Ego Death Capital rejoins me on the show to talk about his bitcoin advocacy at various levels: Speaking to politicians about bitcoin The system you give energy to “Staying and fighting” in Canada vs supporting alternatives e.g. Madeira ‘Coincidental’ attack on Bitcoin?
How do you think about investing as a bitcoiner? @preston of TIP rejoins me on the show to talk about a range of related ideas: HODL vs invest in companies Microstrategy and other public companies VC and early stage investment Realistic investment hurdle rates Technical realities as bitcoin grows
Dmitry Nedospasov is a PhD in Chip Security, also known for his hardware wallet exploits in 2018 with the wallet.fail talk. Dmitry joins me to talk about hardware security in the world of bitcoin and how it compares with hardware chip security in other domains
My latest episode with Steve Lee and @Matt Corallo of Spiral - we discuss the Great Consensus Clean Up, MEVil and whether LN is dead
SLP530 Fernando Motolese - Growing a Bitcoin Circular Economy We talk: - How Bitcoin Beach Brazil started - Bolt card - Tech stack - Tourists and Locals experience - Bitcoinize device - HODL vs Spend - Fundraising image