There is one thing about BCH community better than BSV: eth…

Twetch ·

There is one thing about BCH community better than BSV: ethos of "fuck the law build around it"

Waiting for laws to change or ruining UX by complying with them is rarely optimal strategy, even if you want long-term compliance.

Grow first. Comply later.

Replies

Twetch ·

*it may be no different in practice. But in rhetoric, so much naïveté in BSV about the ease and value of "compliance".

The whole point of government laws is to ensure you can't fully comply so always technically liable. You don't win asking permission.

Twetch ·

I like the fact they are focused on using it in stores. Like the register app. Makes it super easy for mom and pop stores to accept bitcoin.

Twetch ·

Agreed. At this point the shitty LAWR meme has done more damage to the space than good.

We need transactions now, especially with all the shit going on in the world.

Twetch ·

I think there's more of this than you might realize. Unfortunately it started with the other extreme and now it's a perception game, and we're having to over compensate to be taken seriously.

Twetch ·

Can anyone tell me why i cant buy bsv directly in NYC? Is it because the exchanges delisted bsv? Or is it because of regulation? I think here there are so many small stores called bodegas that can really profit/benefit from micro transactions.

Twetch ·

Personally I just don't talk about the fact that Bitcoin done right would likely change the laws. If not we're probably losing out on a major efficiency boost.

Twetch ·

A LOT of young people that work at or come in our office (hard working, bright kids buying first homes) are buying BTC & BCH instead of stocks/metals & have been for months. They are not buying BSV because it isn't "easy"

That is what I am hearing...FWIW

Twetch ·

They are scared of the markets except for a few tech companies and for some reason don't want gold or silver. They want "Bitcoin" as they put it.

They seem put off by the government. They are "investing" in Bitcoin and not to use now either.

Twetch ·

With BSV, the goal is to create neutral infrastructure that allows people to choose whether or not to comply.

Twetch ·

Jail first, bail later

Twetch ·

I agree we need to cut the bs on this law compliance shit.

and I am and always have been for CashFusion on BSV.

If anyone wants to do it i will five $$

ADMIT IT PEOPLE, most of you didn't get into Bitcoin to be statist lawr worshipping cucks

Twetch ·

Am I missing something here? This seems completely backwards to me.
Wasn’t BSV specifically designed to work within the law? Law has been around a long time. Doesn’t noncompliance usually lead to getting shutdown i.e. REKT...

Twetch ·

New tech moves way too fast for law. Grow first, then ensure compliance (or force law to change).

Asking gov to regulate you into permission as first step is recipe for terrible slow tech purgatory.

Twetch ·

Compliance is also a myth, because the rule of law is a myth.

What matters are incentives. If political actors can win by stopping you they will. If win by allowing they will.

Get popular w/out threat to them and they'll okay it.

Twetch ·

Respectfully disagree. The quote, “The wheels of justice turn slowly but grind fine” does not only apply to the criminal justice system.
Being compliant is a major component in playing the long game & winning. Not just for us, but for our descendants.

Twetch ·

We live in a democracy. We have the ability to communicate with our political leaders & promote change through various methods.

Twetch ·

Disagree.
I feel as though that smart political actors win when we attempt to step outside the law. This is because they exploit impatience and use the noncompliance against us. Especially down the road when your successful...

Twetch ·

I’m not here to parrot Craig. That would be dishonest to the man in the mirror. But I think he is on to something in this blog.
https://craigwright.net/blog/law-regulation/cryptocurrency-and-the-law-of-the-horse/

Twetch ·

I will ask the question. Do you think governments want or care what they use to be traceable so they can be accountable?

Remember Saddam Hussein has $780,000,000 in $100 bills. Most know where that came from but can NOT prove it. Think about that

Twetch ·

Well go ahead and lobby first while companies (like all early internet biz, Uber, etc) just build and wait for gov to catch up.

Twetch ·

Study public choice theory. As well as the history of law and legislation.

"We live in a democracy" is most certainly not an argument for why seeking government approval is a good strategy.

Twetch ·

Even if so, this does not answer tactical question: comply first then build, or build first and then either a) comply or b) make regs comply with what you already built.

Build first wins historically. And for predictable systemic reasons.

Twetch ·

There is much I need to study up on & refresh. But I also trust my instincts & the notion of building a business that is noncompliant sets off a ton of internal alarms...

Twetch ·

Imagine building a billion $ company for you & your great grandkids. A company that can effect real positive change in the world, only to have it ripped from underneath your feet, by your enemies, because you were too impatient to play the long game. #Law

Twetch ·

I see what you are saying here & mostly agree with it. But some in BCH have purposefully tried to circumvent existing laws that have zero chance of being amended. Anon transactions will not be allowed. This alone has set Bitcoin back years imo.

Twetch ·

It's been 10 years and they're still allowed though, no?

Twetch ·

Anon transactions? I wouldn't say they are allowed, they have not been addressed only because the market is so small imo. That's the only thing that never made sense to me, why strive for anon? Is private not enough? I agree with everything else.

Twetch ·

And look at BCH..they are self destructing. I'm sure governments are waiting for a lot of things to fail on their own. Why spend money and bring down the hammer on things you think will fail soon?