Hello Humble Bitcoiners!
Another day and yet another blast of signal straight into your inbox. Somehow the good news, developments and content just keep on coming! |
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📝 Today's Rundown - 🥷🏼 Fight For Freedom: The Financial Action Task Force and its anti-money laundering policies are antithetical to Bitcoin and an attack on human rights everywhere.
- 💻 Improving Privacy: A group of developers in Malaysia are working to incorporate FROST and Taproot to create federated Chaumian mints with the Fedimint protocol.
- ⚔️ Tor Under Attack: With a lack of funding, the Tor project is struggling to defend against denial-of-service attacks, putting Bitcoin projects at risk.
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| It's not just about the Perpetual Swap at BitMEX - although they did create it. Users can also go long or short on Futures Contracts, featuring various coins and tokens, margined in Bitcoin. With BitMEX Spot, it’s possible to also buy and sell Bitcoin with instant settlement. Traders on the go can use BitMEX Mobile, where the functions needed to trade anywhere, at any time, are placed directly at your fingertips. |
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Bitcoiners Must Fight The FATF And Its AML Regime
By Stephen Livera The Financial Action Task Force (FATF) and its anti-money laundering (AML) policies are at war against Bitcoin and its ideology of freedom. Those in power are insatiably focused on control over money and financial surveillance.
From a property rights standpoint, the fact that individuals and businesses must “ask permission” from regulators or licensing agencies to continue operating should be considered tyranny. Everyone should be able to run their businesses how they see fit.
The author of this article discusses the struggle humanity is facing today because of financial surveillance and control, and how bitcoin is a big part of the answer to the obsoletion of privacy violations. But those in power are not going to remain silent to such a threat. |
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| Self-custody is a novel, scary concept for most people. This is why so many people are accustomed to storing their bitcoin with a third-party custodian like exchanges, leaving them exposed to censorship, surveillance and even the risk of insolvency.
Federated Mints offer an alternative to this problem. A Federation of guardians can be used to keep community funds safe, by allowing anyone to send bitcoin to a FediMint in exchange for E-cash tokens. The tokens are like super-powered banknotes with increased privacy, and only by submitting a Lightning invoice can one "peg-out" and turn their E-cash tokens back into bitcoin.
In an attempt to improve privacy in the process of joining a Federation, four hackers, the host of the largest Chinese bitcoin podcast and a scholar on track to earn the first Bitcoin doctoral degree, joined forces at a Malaysian Hackathon. Together they created the implementation FROST, a new kind of multisig allowing new guardians, as a way join Federations without coordinating with every member of the Federation to generate new keys again. |
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Tor Is Under Attack And Bitcoiners Must Help Fix It
By Max Hillebrand If you love Bitcoin, you should help Tor!
The Onion Router (Tor) is a free and open-source software that enables anonymous communication and is a crucial instrument to enhancing Bitcoin’s privacy. CoinJoins and many other projects in the Bitcoin space and beyond use Tor to guarantee one of the most important human rights of all: privacy. Without privacy, true freedom can’t be achieved. Sovereignty is only possible if censorship and coercion are not feasible, and that can only be achieved with privacy.
The Tor Network is regularly under attack by those who stand against freedom and privacy, but the even more tragic is that the Tor project is dreadfully underfunded. Maintenance is difficult with such little funding. Although it is most important to acquire more Tor developers, anyone can help by donating money. |
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The world runs on money. If money isn't scarce, then everything else you need will become scarce. What can we do? Luckily for us, there is a new kind of money that can't be debased. 😉
Stack harder,
Bam |
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Keep on reading, keep on stacking. |
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