Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Macleod with a short history of the euro. Probably well known already among readers here but nonetheless a good summary: https://www.goldmoney.com/research/goldmoney-insights/the-tragedy-of-the-euro
Hint: continued failure of fiat currencies = bullish for crypto.
Can YOU create a fucking branch bank right now? NO.
No need to swear.
You seem to imply that government can (and will) shutdown LN nodes unless they have been vetted and are licensed. Wouldnt the same be true for Bitcoin nodes?
In other words: are you arguing that the government can feasibly block Bitcoin and LN networks ?
Hint: continued failure of fiat currencies = bullish for crypto.
Can only banks start a Lightning Network Node?
Can only banks validate LN transactions?
Can only banks validate LN transactions?
Can YOU create a fucking branch bank right now? NO.
No need to swear.
Quote
You need massive capital, lawyers, govt connections, and everything else. All of the same rules will apply to Lightning nodes, just NOT DAY ONE. Stop playing dumb. Those regulations and red tape (AML/KYC) will lock out any wildcat nodes and the only ones will be run by people like Bank of America and Goldman Sachs.
Anything that has an easily identifiable physical or digital surface attack vector will be enveloped by the current system. Claiming you're going to run a wildcat Lightning node is like claiming you're going to be some type freelance illegal porn distributor and the FBI is not going to kick in your door. If you're capable of putting 1+1 together, shilling for Lightning is like shilling directly for Goldman Sachs.
Anything that has an easily identifiable physical or digital surface attack vector will be enveloped by the current system. Claiming you're going to run a wildcat Lightning node is like claiming you're going to be some type freelance illegal porn distributor and the FBI is not going to kick in your door. If you're capable of putting 1+1 together, shilling for Lightning is like shilling directly for Goldman Sachs.
You seem to imply that government can (and will) shutdown LN nodes unless they have been vetted and are licensed. Wouldnt the same be true for Bitcoin nodes?
In other words: are you arguing that the government can feasibly block Bitcoin and LN networks ?