KYC. AML. SMH.
In this episode of The Unhashed Podcast: LocalBitcoins.com has announced great news! That is, if you’re a Finnish lawmaker or a Bitcoiner strangely worried about the fact that you are anonymous on the platform. They’ll be adding KYC and AML thanks toa new law forcing the measures on the platform. How will we Bitcoiners buy and sell bitcoin without being tracked every step of the way now that localbitcoins is basically just a regular exchange except more expensive and less convenient? “Oh Canada!” can now lay claim to the first city now accepting Bitcoin as payment for personal income taxes. Do more and more announcements like these deal a blow to the Krugman style arguments that a fiat currency derives its value from its ability to pay men with guns not to hurt you?And...Peter Todd thinks it might have been a good idea to build in a permanent miner reward when Bitcoin was created, causing a controversy inside crypto twitter, which begs the question: is an uncapped bitcoin really worse than the fiat alternative?Make sure you are storing your crypto on something secure like a Ledger and backing it up on something sturdy like a Billfodl. If you buy these items through the links above, we do take a cut of the profits but it also helps support the show - a win/win for all involved.