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TFTC: A Bitcoin Podcast

#537: Go File A FOIA Request Tomorrow! with OpnState

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 17 September 2024

⏱️ 116 minutes

🧾️ Download transcript

Summary

Marty sits down with OpnState to discuss the growing power of unelected supranational regulatory bodies.


OpnState on Nostr: https://primal.net/p/npub1v6z4srj4ktch4f3ee9ze2zp7ml4n9rshttmntpamfed0nvpev5fszzuq49


0:00 - Intro

1:41 - OpnState’s background

6:23 - The influence of standard-setting bodies

12:11 - FATF

16:55 - River & Unchained

18:11 - Bank Secrecy Act - Power further removed from citizens

27:06 - Public-private partnership - effectiveness of aml is questionable

35:01 - Gradually, Then Suddenly & Zaprite

36:39 - Circumnavigating due process - Sanction lists - total control

49:10 - Malice/incompetence - System meant to incentivize altruists attracts snakes

57:04 - Knowledge asymmetry with govt - The power of FOIA - go send a FOI request

1:12:54 - Voter responsibility

1:20:25 - Political power cares about you - FOI strategy

1:25:15 - Open source regulation

1:46:54 - Simple choices, big change


Shoutout to our sponsors:



River

https://river.com/tftc

Unchained

https://unchained.com/concierge/

Zaprite

https://zaprite.com/tftc

Gradually, Then Suddenly

https://thesaifhouse.com/gradually



TFTC Merch is Available

Shop Now: https://merch.tftc.io



Join the TFTC Movement:

Main YT Channel

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Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ

Website

https://tftc.io/

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Transcript

Click on a timestamp to play from that location

0:00.0

I wasn't drug dealer for people who were.

0:02.0

You know, addicted to easy crap. I felt dirty every time I went to it.

0:05.0

I have a background as a banker. I used to commercial banking.

0:08.0

I realized just how corrupt that whole system was.

0:10.0

I really do think that regulation is, it's a very tricky double-edged sword.

0:15.0

Once a government official is elected, he has a burden towards the global financial standard setting bodies that

0:22.0

supersedes the, you know, what he has to do for the citizens of this country.

0:25.5

We saw this wave of crypto projects and Bitcoin create new crypto millionaires who were

0:30.8

not accredited investors.

0:32.8

What if you can be added to a sanctions list, you know, for spreading misinformation?

0:37.4

I mean, that seems to be the direction things are taking now. you can be added to a sanctions list, you know, for spreading misinformation.

0:40.4

I mean, that seems to be the direction things are taking now.

0:47.3

And so that standard of being found guilty for the sole fact of being on a list is very, very troubling.

0:50.0

So if that doesn't scare you, I don't know what will. This rip of TFTC was brought to you by River.

0:58.7

It's the best place to buy Bitcoin.

1:00.3

Go to river.com slash TFTC and enjoy this episode.

1:09.6

You've had a dynamic where money has become freer than free.

1:14.6

If you talk about a Fed just gone nuts, all the central banks going nuts.

1:20.6

So it's all acting like safe haven.

1:22.6

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

1:29.2

Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

1:33.9

I mean, that's part of the bull case for Bitcoin.

...

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