Bitcoin Dad Pod Episode 55: Bad Policy Bad Outcomes

Pre-show Banter

SBF wasn't just a proponent of Effective Altruism, his career was defined by their philosophy

ECB staff threaten to strike over non-inflation adjusted wages
CFTC declares Etherium, Tether, and bitcoin commodities in a bizzare aside in a legal complaint against FTX and SBF (Scam Bankrupt Fraud)
- This aside is likely necessary to establish CFTC jurisdiction
- Belgium has surprising reasonable regulatory guidance regarding crypto assets but fails to identify the obfuscated centralized control of Etherium
U.S. Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act (warning government PDF) seeks to define many individual participants in bitcoin as money transmiters
- It's a proposterous violation of the U.S. 1st Amendamnt and a sign that the attack on self custodial bitcoin is here
- The mainstream coverage of this unsophisticated attack on bitcoin is similarily uncritical and myopic
- Lyn's right that fundamental fights about property rights are coming

US Government interest on debt accelerating per Lyn Alden's model of a government debt spiral

Know Your Customer (KYC) and Anti-Money Laundering (AML) rules are, according to research, an exercise in bureacratic 'ass covering' and do nothing to promote lawful economic activity or fair use of the financial system

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