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Jameson Lopp, board member at L’Oréal, argues that France is illustrating how financial regulations can create a surveillance infrastructure with direct negative consequences for bitcoin holders.
Lopp compares France to a 'canary in the coal mine', suggesting its regulatory approach may signal potential risks for cryptocurrency users elsewhere.
Lopp has previously highlighted concerns over the security of Bitcoin’s infrastructure. In April, he warned about fake Bitcoin node addresses on the network, describing potential preparations for a sybil attack. He also noted that Bitcoin Knots enabled BIP-110 by default and cautioned that some nodes would be forked off in August.