FBI Releases Warning as Attacks on Bitcoin Continue!

FBI Releases Warning as Attacks on Bitcoin Continue!

attacks on the Bitcoin ecosystem
continue as the FBI sends out a public
service announcement warning Americans
against using non kyc Bitcoin and crypto
money transmitting services this
prompted popular non-custodial lightning
wallet Phoenix to remove its app from us
app stores is all of this being done to
pave the way for a Central Banking
digital currency Monopoly we go into the
implications on today’s
episode welcome to the Bitcoin Daily
Show I’m Dante cook head of swan
business fresh off the breaking news
about Samurai co-founders and CEO being
arrested for money laundering and
unlicensed money transmitting the FBI
sends out a warning to Americans in a
public service announcement stating that
you should not use non kyc Bitcoin in
crypto money transmitting services not
only is it vague but it also highlights
potential opportunities for the FBI to
classify what is a money transmitting
service there’s no clear definitions or
standards mentioned in this public
service announcement so naturally this
creates more fear than Clarity it
creates more anxiety and ambiguity and
this certainly creates fear for
companies companies like Phoenix wallet
the popular non-custodial lightning app
removed its services in its app from the
App Stores async a company that owns
Phoenix wallet put out this tweet recent
announcements from us authorities cast a
doubt on whether self- custodia wallet
providers lightning service providers or
even lightning nodes could be considered
Money Services businesses and be
regulated as such Not only was Phoenix
wallet one of my favorite lightning
wallets it was one of the most widely
used and most adopted lightning wallets
in the United States this also follows
The Exodus of popular lightning wallet
wallet of Satoshi in November of 2023
who cited similar concerns around the
lack of clarity on what types of
businesses could be regulated or
prosecuted Pierre Rashard believes that
this is to create a cbdc monopoly and I
don’t disagree with him but I’m blocking
out the noise and we all have a choice
too one of the people that I look up to
in this space is Jeff Booth who wrote
the book the price of tomorrow which is
behind me and on my shelf he’s long
stated and had a long-standing mantra
that he’s going to put his energy behind
the system that he wants to see listen
to Jeff Booth on Stefan L’s latest
podcast talking about these things
exactly and where he’s putting his
energy one other topic I’ve seen you
talk about recently is this idea of the
system you give energy to you know do
you want to just elaborate a little bit
on this idea why why is it important to
focus on the system you’re giving energy
to let’s use an example of um I I’m on a
March down the street against my
government and I’m burning cars and I’m
breaking windows and then I go home and
sleep and then the next day all the
windows are streets f fixed windows uh
fixed where did the money come from to
do that right and it’s you money came
from you to be able to ex extend that if
you’re voting on one side or the other
I’m not saying don’t vote um but but if
you’re voting for a Fiat
politician you’re effectively saying who
gets more of the stolen money which
group gets more of the stolen money that
comes from me and so all of these things
from this system if you’re mad at it and
you’re you’re spending your energy
reinforcing that and you’re spending
your energy with other people that are
reinforcing that you’re spending your
most valuable time making the system
stronger over you because the system is
already insolvent the system is already
completely it would fail spectacularly
if it just if it were a free market so
it is not a free market at all it’s a
control system and why freedom is so
connected to this um is is it’s not a
free market it’s a control system and
that control system has to usurp more
and more of your energy and you will
feed more and more of your energy it’s
just a total natural thing when you see
what the senators in the US just voted
for and essentially spying on every
citizen like four years ago when I wrote
my book I knew this was coming it had to
come so I’m not surprised by any of it
I’m not surprised by any of the stuff
that’s uh that’s coming because
technology is supposed to free our time
and give us more and more um on
exponential scale uh remember inflation
shouldn’t be measured from zero it
should be measured from the implied
deflation rate so the amount of stealing
that is going on the rate of theft in
the in in your environment is going up
and is dividing people more and that
division is making the system stronger
to be able to steal more how do you get
elected in that cycle throughout history
it’s pretty simple if you look at watch
all history books you divide your
you steal control you take away some of
their individual rights and freedoms in
name of helping them it doesn’t fix the
problem so you have to create a greater
enemy outside your borders and you go to
war to reset it if you win the war you
reset the the currency from from zero
and you started and you promis we won’t
do it again Breton Woods uh and then you
do it again it’s the entire history of
of our world so why would you expect
anything different from that system
that’s exactly what that system has to
do it just has to do at a greater scale
than anybody has ever seen before
because technology is moving at a
greater greater scale on the opposite
timeline I realize everything I do from
within that system makes that system
stronger and I’ve just tuned it out I
realize it’s all coming like all these
attack factors are coming I know they’re
coming um if people
people people I would say they think
okay Jeff doesn’t he doesn’t see these
because he’s so
optimistic no I see them all I’ve done
so much work on like all of these attack
factors on what what’s coming um it’s
just my energy is way better helping
build the anti-attack factors to be able
to uh to heal the world and I’m not
moving back like I’m never going back um
I know what decentralized insecurity
means for
Humanity um you do Stefan you’re not
going back um Jack dorsy does does Alex
gladstein does that the the amount of
people that that know this now have this
Insight um and and are moving into a
world that we’re creating through our
actions spending more time creating that
world is actually accelerates the speed
of that and so I can talk in a really
positive way about the world we’re
creating and I don’t have to get
involved in all the nonsense while
there’s clearly a threat to Financial
Freedom the the likelihood of a Bitcoin
executive 6102 order which happened in
1932 during the Great Depression where
the United States confiscated gold is
highly unlikely Swan managing director
Steven lka writes a great article about
how unlikely this actually is he argues
that today’s political and technological
landscape is vastly different than that
of the 1930s one of the reasons that
Stephen also highlights as to why this
is unlikely is because Bitcoin is an
asset that’s being adopted
internationally and locally here in the
United States and the implications of
shutting down such a technological
Revolution won’t be as simple as storing
or taking gold bars from people the real
risk to bitcoin is not against Real
Bitcoin it’s the transformation of
Bitcoin into proxies that we’ve talked
about on the show like ETFs or things
that represent the underlying asset of
Bitcoin but aren’t actually Bitcoin
Steven like Jeff boo advocates for
non-custodial and semic custodial
products and specifically lightning
products which will increase instant
payments transactions usability but also
privacy and Security in light of attacks
on Financial Freedom I love this quote
that he finishes the article out with
let’s keep pushing forward for the
future we want to see one in which both
the price of Bitcoin and Global Freedom
can go up together so yeah although it’s
been a rough week with lots of attacks
and concerns about privacy in the future
of Bitcoin let’s take take a look at one
thing that happened 13 years ago today
in his last public email Satoshi sent
over the cryptographic key handing over
the keys to the Bitcoin project to
another developer and then disappeared
the reason that Bitcoin continues to
remain Freedom money is that there is no
throat to choke there’s no executive
order to give out there’s no Wells
notice to issue there’s simply code
which is a First Amendment right to
freedom of speech in many places around
the world in the short term these
attacks don’t deter that they are just a
momentary hurdle in the eventuality that
Bitcoin will continue to persist and
exist in a world that demands freedom
and justice for all people we have to
ask the question are we the type of
people that demand these qualities
towards our money what are we willing to
give what are we willing to vote for
what are we willing to put our time
energy and resources behind by
continuing to put them in the existing
system you’re feeding the existing
system and we’ve highlighted many times
on this show the inevitable outcomes and
conclusions that this leads us to and I
don’t think that’s a future that any of
us wants so if you want a different
future a better future a more open
Future a more just future a more free
future then I suggest that you put more
time and energy into Bitcoin and with
that we’re signing off for today if you
have a little bit of time this weekend I
do highly recommend watching Stefan l
podcast with Jeff Booth where he talks
about where and how he puts his energy
into things that he wants to see how
he’s not leaving Canada and how he’s
staying and fighting the ideals that he
chooses to work on and specifically the
Innovations happening in lightning and
also if you have fears about the 6102
attack do read Steven lka article it’s
phenomenal and I agree with all of the
points that he puts in there it’s highly
unlikely but we have to continue to
fight and fight for freedom so if you
want to check these things out both of
them are linked in the show notes this
is Dante cook with.com happy stacking
[Music]

Attacks on the Bitcoin ecosystem continues as the FBI released a public service announcement warning Americans against using non-KYC Bitcoin and crypto money transmitting services. This prompted popular non-custodial lightning wallet Phoenix to remove its app from US app stores.
Is this all to pave the way for a Central Bank digital currency monopoly? We go into the implications in today’s episode. Also, with financial self-sovereignty and privacy under attack, is an executive order-6102 for Bitcoin on the horizon?

Steven Lubka’s 6102 & Bitcoin Article: https://www.swanbitcoin.com/privacy-executive-order-6102-bitcoin/
Jeff Booth on Stephan Livera: https://www.youtube.com/watch?v=AOSGhoHvidQ

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