Saturday, November 4, 2023

FINCEN MegaThread | Do Not Give Them Your Silent Consent | Remember Remember The 5th of November | Support Bitcoin Privacy

/begin inspiring cut scene

Remember Remember, The 5th of November…

Please forgive the pomp as I step up to this virtual soapbox for a little 5th of November chat. You’re sitting at home, looking for something to do while you wait for your favorite TV show to come on this evening.

You've got time to kill.

Why not give FINCEN and the Treasury Department a good Yellin-g for their presumptive assertion over your right to transact privately. (You have less than 78 days from the time of this post, to make a comment. Anyone can comment, and comment privately.)

Better still, why not use that time to learn Bitcoin privacy best practices? That’s right anon, today, you’ve been activated, called up for general mobilization in the fight for the sovereign individual.

Some of you may remember the last time we went through this 3 years ago. Trump & Mnuchin tried to pull a fast one on us as they were exiting stage right, but failed.

Well the Biden admin is trying to do the same thing again. Welcome to the eternal struggle. The powers that be have taken it upon themselves to acquire one more inch of your-selves. Do not give them your silent consent.

Proposed FINCEN regulations surrounding Bitcoin privacy tools will not have the effect regulators desire. They will only serve to further drive the concerning activities further underground, where they will achieve full actualization beyond their control. Long term, they embolden the very concerns they hope to suppress. Furthermore, I do not respect their sub-textual assertion of sovereignty over our right to financial privacy.

Without economic freedom you cannot have political freedom. By attempting to capture this economic freedom in a surveillance blackbox at FINCEN, they will only galvanize a force against their public offices. Representatives Who Have Volunteered to be on Our Shit List:

Treasury Department's General Phone Number: (202) 622-2000

Janet Yellen’s Twitter: https://twitter.com/SecYellen

US Treasury Twitter: https://twitter.com/USTreasury

Take your right to transact, to transact privately, explicitly, without apology and with righteous authority.

You are not consumers or the governed. You are The Citizenry.

Act in good faith, be worthy of your freedoms.

What you can do:

There are four activities that are worthy of your attention today. Choose just one, and then do a second one if you have the time, and comment with which one you did. The first is less meaningful than the second, third and fourth.

  1. Submit a comment to the treasury department regarding their misguided attempt at regulating/suppressing Bitcoin privacy enhancing transactions. These rules only serve to ban their fiat institutions from participating in this ecosystem. Anyone can comment, and comment anonymously.

Some example templates of comments submitted include:

https://twitter.com/FractalEncrypt/status/1719440960281575907

https://twitter.com/skwp/status/1719025440663261376

https://gist.github.com/skwp/16c668bbb96e17f9176d6d4d39cc79fd

Or, consider submitting a copy of the Cypherpunk Manifesto for the record. Also, Read It:

https://www.activism.net/cypherpunk/manifesto.html

  1. The more meaningful act you can do is learn how to use Bitcoin privacy tools. Do a coinjoin and/or payjoin today with joinmarket! Do a payjoin transaction today with a friend! Learn about the benefits and trade offs of privacy enhancing Bitcoin tools like paynym’s, atomic swaps, lightning, and coin selection practices.

Buy and sell your Bitcoin KYC free, Peer to Peer.

Also, lobby Bitcoin wallet developers to fully support payjoins, coin selection, and other privacy tools.

If you want to go a step farther, you could use a combination of these tools and have the coins sent to a SATSCARD or Opendime. This could then be swapped with a friend or group of friends in person for an equivalent amount of Bitcoin for an in person, offchain, ghost coinjoin. There are now countless Bitcoin conferences and local meetups happening all over the world. It would be great if these events coordinated such privacy enhancing activities. Example physical in-person coinjoin event.

  1. The third thing you can do is fund open source developers who work on maintaining and improving privacy enhancing tools today. There will be crowdfunders out there on this issue. But more than likely these raise money for lawyers and lobbyists, who will only talk to senators and congressmen in Washington. This is a horrible use of funds.

Rather, Please, directly support developers who are working on the tools we use today for onchain and offchain Bitcoin privacy.

A decent list of Bitcoin developers and their Bitcoin donation addresses can be found at https://bitcoindevlist.com (Be sure to support the ones working on Bitcoin Privacy Tools)

If you want to send sats via the lightning network to a general fund for this purpose, you can use this page to donate sats. I will be sending all collected funds to Bitcoin privacy tool maintainers and developers.

But be warned, this platform (geyser) takes a 2% cut, and I could rug pull this donation page at any time. If you don’t want to trust me, then verify by donating directly to developers, not third party middlemen like geyser or myself.

  1. Learn the benefits of running a Bitcoin node. Run one, not just for your privacy, but your overall Bitcoin sovereignty. It’s very easy to run a node. You install a program (usually bitcoin core) and let it run. That’s it. This can be done on windows, linux and mac.

Go a step further by verifying the binaries of the bitcoin node program you download.

Go a step further by building Bitcoin Core from source.

Go a step further by running the node over tor or i2p.

Go a step further by running a BIP324 node (which will be available in the next release of Bitcoin Core).

Thank you for reading and participating in this civil protest. Whether it’s making a comment to FINCEN, phoning your representative, using Bitcoin privacy tools, or just learning about your options to run a Bitcoin node, any of these small steps are ones in the right direction. Any one of these small acts matters. You don't have to do all of them. Just one. Take your pick.

Thank You.

Onward.


Self-Custody: Anything I'm missing?

My community has been pretty open to trying out self-custody, of bitcoin in particular. I think I'm ready to be the first of anyone I know IRL and move off an exchange.
A simple google search that Robinhood (extremely popular among young crowd newer to bitcoin) is not FDIC insured is leaving many people wondering if hardware is right for them. However, most of there assets are either on Robinhood or Coinbase.

Before I go off to research Ledger Wallets and the process to onboard, I want to make sure I don't make any dumb mistakes like the ones I've seen so far on this sub:
- digital seed phrase storage (LastPass)
- lost seed phrase
- not knowing how to transfer coins off custodial exchange
- choosing digital wallets
- sending on correct network/chain

If anyone wants to share any comments or thoughts I'm using this post to hold myself accountable for doing proper research to not mess up and also will circle back with any thoughts I have on Ledger products. Thanks

Currently, I'm under the impression that cold-storage should be exactly what it sounds like, cold and not frequently moved. I think many people are worried about the circumstances under which they want to liquidate their crypto and having it on a hardware wallet creates extra steps in that process. However, currently not seeing that as an issue at the moment other than the tax implications of moving off exchanges in US legal system. I remember hearing that transfers were being considered to count as taxable events but this article seems to clarify that that is not the case :)

https://preview.redd.it/61fneqseyeyb1.png?width=1224&format=png&auto=webp&s=501b9b2794199f86297d7185b0f641a0efddfc3d

https://preview.redd.it/3ut3xj2hyeyb1.png?width=1244&format=png&auto=webp&s=5f10c7cab7e187c5a0074ec9b8a31022ce141261

https://preview.redd.it/j2m1ogu10fyb1.png?width=608&format=png&auto=webp&s=a5e00bb7de2e56f2f144f1968be8e66f7e2c5c4d


CoinCatch: A Comprehensive Overview of a Leading Cryptocurrency Platform

The world of cryptocurrency trading is constantly evolving, and traders are always on the lookout for reliable and feature-rich platforms to manage their digital assets. CoinCatch has emerged as a notable player in this space, offering a range of features and incentives that set it apart from the competition. In this article, we'll explore how CoinCatch works, its unique advantages, and exciting events that traders can take advantage of.

CoinCatch at a Glance:

CoinCatch is a cryptocurrency trading platform that has gained recognition for its user-friendly interface and a range of features designed to enhance the trading experience. While the platform may have evolved since my last knowledge update in September 2021, we can still highlight some key aspects that have historically made CoinCatch appealing to traders.

Key Features and Advantages:

  1. User-Friendly Interface: CoinCatch is known for its intuitive and user-friendly interface. This design makes it easy for both novice and experienced traders to navigate the platform, execute trades, and access essential tools and information.

  2. Security Measures: Security is a top priority for CoinCatch. The platform typically employs robust security measures, including encryption, cold storage for funds, and two-factor authentication (2FA) to ensure the safety of users' assets.

  3. Diverse Asset Offerings: CoinCatch offers a diverse selection of cryptocurrencies and tokens, allowing traders to build diversified portfolios and explore various investment opportunities.

  4. High Liquidity and Trading Pairs: High liquidity and a variety of trading pairs on CoinCatch make it easier for traders to execute buy and sell orders with minimal price fluctuations.

  5. Low Trading Fees: Competitive trading fees and fee structures are attractive to traders, as lower fees can significantly impact profitability, especially for high-frequency traders.

  6. Advanced Charting and Analysis Tools: The platform provides comprehensive charting tools, technical analysis indicators, and real-time market data to support informed trading decisions.

Events and Incentives:

CoinCatch often runs events and promotions to reward its users. Here are some of the exciting events that traders can participate in:

  • Event 1: Traders whose futures positions are liquidated on CoinCatch during a specific period may be eligible for 100% liquidation rewards, provided they complete the necessary Google Form.

  • Event 2: Traders whose futures positions are liquidated on other exchanges during the event period can qualify for 100% liquidation rewards by submitting a screenshot of the liquidation record on the Google Form.

  • Event 3: CoinCatch offers a 50 USDT coupon to traders who achieve a trading volume of 50,000 USDT in Futures trading on the platform during the event period.

Terms and Conditions:

To participate in these events, traders need to complete the Google Form, and there are specific rules and conditions for each event. Event rewards may include USDT or coupons for trading fee deductions. It's important to note that participation is typically limited to a set number of participants, and IP address restrictions may apply.

Conclusion:

CoinCatch has positioned itself as a user-centric cryptocurrency trading platform with a focus on security, usability, and a diverse range of trading options. The platform's events and incentives further enhance the trading experience and provide an added layer of value to its users. While these details are based on historical information, it's advisable to visit the official CoinCatch website for the most current information and to verify the platform's latest features and offerings. If you're considering CoinCatch for your cryptocurrency trading, conducting due diligence and staying informed about updates is essential for making informed decisions.


Anonymous

https://www.reddit.com/gallery/17ng6qc