Marty's Ƀent - March 29th, 2021 - Issue #959

Monday, March 29th 2021 - Issue #959

100M more individuals harmed by KYC/AML 

Another week passes and yet another database harboring an insane amount of intimate information associated with tens of millions of individuals has been completely compromised. The latest instance of KYC/AML information gathering proving to do more harm than good comes out of India where the popular payments provider Mobiwik has been rekt by hackers who are now selling the data on dark markets. This is a topic we cover ad nauseam in this rag, but the editorial board here feels that non-stop coverage of these harmful regulatory policies is a moral imperative.

The narrative desperately needs to turn from "we need to collect MOAR information via KYC/AML policies to save people from terrorists and money launderers" to "KYC/AML policies are some of the most harmful information gathering policies on the planet that put individuals across the planet in harms way". On our journey to help nudge this narrative in the opposite direction, we will highlight every case we come across of individuals being put in vulnerable situations because hackers exploited third parties with weak data security practices. MobiKwik is just the latest third party to be attacked. And now because they were forced to collect information on their users 100 MILLION individuals have their phone numbers, emails, passwords, location data, bank account information and credit card information floating around the dark net. Government regulatory policy literally enabling the type of black market activity they are trying to save their slaves from.

we discussed last week, the insane incompetent regulatory class wants to force third parties to collect more data on their users. Particularly their users' bitcoin activity. These efforts should be met with ridicule, derision, and overt shaming. Especially considering what happened this week with MobiWik and the fact that they want third parties to track and log individual bitcoin addresses. Imagine if the bitcoin price shoots up to $100k, $1M, or even $10M and intimate info on individual exchange users is leaked to the dark net. Nefarious individuals will know exactly how much bitcoin some individuals have, what type of address they store it in, where they live, and how to call them directly to intimidate them.

It is absolutely SHAMEFUL that there are non-elected regulatory officials attempting to thrust these regulations on exchanges and individuals. These individuals should be considered dangerous members of society and should be thrown in a cage. The amount of harm that will inevitably come if they are successful in forcing stricter KYC/AML compliance on companies and individuals is incalculable. The amount of harm that has been wrought already from faulty data collection practices from cryptocurrency "service providers" has been material. The actions being put forth by the demons from FATF would make things considerably worse.

It's time for strong men and women who have any sense of decency and the ability to think critically to stand up and speak out against these ineffective and overtly harmful data collection policies. NO MORE KYC/AML. It's time for better police work instead.        
Final thought...

No nap Sundays better not become a new normal.
Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.
If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!

Older messages

The Sat Standard - Bitcoin Weekly - Mar 27 2021

Saturday, March 27, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - March 26th, 2021 - Issue #958

Friday, March 26, 2021

Friday, March 26th 2021 - Issue #958 Censorship is inevitable with trusted third parties Yet another content platform has released a "content moderation" strategy that sets the stage for

Marty's Ƀent - March 25th, 2021 - Issue #957

Thursday, March 25, 2021

Thursday, March 25th 2021 - Issue #957 How do we decentralize mining pools? Bob McElrath and Eric Voskuil discuss Braidpool, Stratum V2, and the tradeoffs that come with each. Here's an interesting

Marty's Ƀent - March 24th, 2021 - Issue #956

Wednesday, March 24, 2021

Wednesday, March 24th 2021 - Issue #956 Mobile mining FT(long-term)W *Disclaimer: talking my own book here since I am a part of the Great American Mining team, a team building mobile mining operations.

Marty's Ƀent - March 23rd, 2021 - Issue #955

Tuesday, March 23, 2021

Tuesday, March 23rd 2021 - Issue #955 The FATF demons are back The unelected anti-human freedom hating demons from the Financial Action Task Force have ascended through the nine circles of Hell to

The Sat Standard - Bitcoin Weekly - July 24th 2021

Saturday, July 24, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - July 23rd, 2021 - Issue #1040

Friday, July 23, 2021

Friday, July 23rd 2021 - Issue #1040 The divide and conquer strategy is very strong right now I have to be at a wedding rehearsal in less than an hour, so this will be a very brief rag. The push to

Flipside Roundup 

Friday, July 23, 2021

Best data analytics from this week and how to get started with Uniswap bounties ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Bounty Brief #15

Friday, July 23, 2021

A storm is coming...⛈️⚡🌩️ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Marty's Ƀent - July 22nd, 2021 - Issue #1039

Friday, July 23, 2021

Thursday, July 22nd 2021 - Issue #1039 They're coming for your wallets Here's a very interesting thread that you freaks should read through when you get a chance. (It's much longer than the

📌 FTX Makes History, Play-To-Earn NFT Games, & Where The Whales Are Buying

Thursday, July 22, 2021

Issue #178 July 21, 2021 | Issue #178 Sponsored By: MUST READS The Biggest Private Crypto Deal Ever Just Closed Crypto exchange FTX has closed a Series B funding round, drawing in $900 million from an

Marty's Ƀent - July 21st, 2021 - Issue #1038

Wednesday, July 21, 2021

Wednesday, July 21st 2021 - Issue #1038 It's a beautiful thing It truly is a beautiful thing. Humanity has been given a tool in the Proof of Work consensus mechanism driven by hashcash SHA256 and a

👉 Australian financial industry looks to legally recognize DAOs

Wednesday, July 21, 2021

We bring you the top stories in crypto every week! Stories like... Monday, July 19th, 2021 Sign Up Your Weekly Update On All Things Crypto In Partnership With: TL;DR Australian Digital Finance Industry

Report: Big Tech firms ready to take on U.S. dollar

Tuesday, July 20, 2021

Editor's Note: We are always on the lookout for the latest financial research to share with you. Below is a special message from our friends at Brownstone Research. Dear Reader, For decades, every

Marty's Ƀent - July 20th, 2021 - Issue #1037

Tuesday, July 20, 2021

Tuesday, July 20th 2021 - Issue #1037 A Chaumian Mint prototype emerges A few weeks ago, we wrote about the potential for Chaumian mints to improve Lightning Network wallets. Particularly custodial