Quote from: NotATether on Today at 07:30:18 AM

https://njump.me/nevent1qqstf99gr6n408rdqqt4su3yw2agdw6ydjy69apae7pkpsgrpk7yevspzpmhxue69uhkummnw3ezuamfdejsz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqz9thwden5te0v4jx2m3wdehhxarj9ekxzmnyqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hst0vkjz

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I recently learned that legislation has been drafted on Capitol Hill to classify *not re-using Bitcoin addresses* as "mixing"

There are also efforts to force "unhosted wallet providers" to collect user info for taxes

As well as to give power to Treasury to sanction any address (even Americans)

And a whole lot more bad stuff

IMO Coin Center does vital work to fight this and to protect privacy tech

They are a compact team and do a lot with the resources they have

They sue the OFAC and Treasury

They consider the Bank Secrecy Act unconstitutional and act accordingly

I just spent some time with their leadership team, asking questions, and came away impressed, I would strongly suggest a donation today

coincenter.org

Now, I have seen stupid bills proposed by this house before, but this is the absolute most ridiculous piece of legislation I have ever seen.

To say that not reusing an address is mixing? Man, what happens when someone only receives a payment one time and doesn't move the funds?

Also what is stopping people from creating a new transaction that sends the UTXO from the address back to itself in a new UTXO?

They don't even know anything about how crypto works and they are already greedy and trying to extract taxes from Americans and apparently non-Americans too since there is no way you can differentiate between them or force an open-source software to give you an ID.

Funny, at the same time hilarious. It's obvious that this proposed bill was clearly introduced by someone or group of people with a zero knowledge. So just by not reusing my wallet address makes it mixing Huh

, Then I think they will have a hard time digging out so many dormant wallets that has only made a single transaction.

This is clearly the problem here. Lacks of knowledge will make someone ignorant and tend to spit rubbish. Unfortunately, those without the knowledge happens to be the rulers.

I think the part were "unhosted wallet providers" are forced to collect user ID for task would be a tough fight between the law and the providers. All wallet providers understand the importance of privacy, and how the Bitcoin community value it. Everyone seems to be in a tight angle, as certain decisions must be taken. But like I said, this is funny and hilarious as none crypto users are now dictating.