Quote from: NotATether on May 30, 2024, 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.

Well, I think these dudes are hell bent on centralizing crypto that they are blinded to the huge repercussions to their selfishness. Do they want to open a bigger door to crypto attacks? or are they not aware multiple address is also a security feature. They also want to put an end to the core feature of bitcoin by all means. How would we feel when the Elecrum wallet which we pride so much starts asking for KYC? Its crazy and would mean an end to decentralization and a new era of centralization of bitcoin which we hope would never happen.

Quote from: LoyceV on May 30, 2024, 08:57:09 AM

What if my wallet automatically creates a new change address? What if my address is no longer secure, and I need a new one?

Then you have to send in an application to the government to obtain a new wallet address which might even be compromised at the point of creation. Such irrationality in their thoughts to not know they are trying to make bitcoin less secure with this approach.