
Rabbit Hole Recap #230: Building in the Bear Party Rip
Rabbit Hole Recap
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Bitcoin
The European Union is planning on forcing Bitcoin companies to report all user balances and transactions to the authorities. We're starting to see, we've said many times on the show that KYC is an attack on Bitcoin. And they're going to start using that KYC information as a vice on Bitcoin. If you want to reduce the reliance on the centralized on-ramps and off-ramps that are getting pressured, the way to do that is a circular economy. Instead of buying Bitcoin, you're earning Bitcoin instead of selling Bitcoin.
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