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Seth argues that the sudden shutdown of Bolts exposed the fragility of Bitcoin's Lightning Network. Multiple wallets like Aqua and Bull Bitcoin lost Lightning functionality because they relied on centralized swap services rather than managing sovereign channels.
Francis Pouliot's Bull Bitcoin sued the French finance ministry over DAC8/CARF, arguing the decree overreaches and violates EU charter privacy rights.
Bull Bitcoin's mobile wallet added coin control and coin freezing features typically reserved for desktop wallets.
Bull Bitcoin is petitioning against DAC8, a European Union law requiring exchanges to share customer data across member states, citing risks of data leaks and physical attacks.
Francis Pouliot says BullBitcoin is suing the French government over DAC-8 rules, which mandate exchanges surrender client identification and transaction data.
Bull Bitcoin filed a legal challenge in France to annul the DAC8 directive, arguing it creates a massive surveillance grid that institutions cannot secure, putting crypto users at risk of kidnapping.
Jamison Law at Casa maintains a wrench attack database on GitHub showing an accelerating trend of these violent incidents. Bull Bitcoin argues DAC8's data consolidation will worsen this problem.
Bull Bitcoin claims DAC8 will incentivize users to move off-grid via peer-to-peer exchanges, home mining, or offshore alternatives, making tax collection harder. Francis Pouliot argues DAC8 turns ‘know your customer’ into ‘kill your customer.’
Pouliot says Bull Bitcoin is legally challenging DAC8 in France under proportionality arguments and EU Charter violations, aiming to repeal it, delay it, or mitigate its harm.
Pouliot says Bull Bitcoin’s MiCA license cost nearly $1 million, a barrier that makes starting a compliant exchange today impossible without early success.
PayJoin adoption is low but growing, with Bull Bitcoin, Cake Wallet, Sparrow, and Wasabi working on compatible versions; Pouliot sees it as key to breaking chain analysis's common input ownership heuristic.
Bull Bitcoin integrates Silent Payments to combat address reuse and quantum risk, having opened a pull request for it in their wallet and exchange.
The MiCA regulation for crypto asset service providers (CASPs) in Europe comes into effect July 1, with Bull Bitcoin successfully securing a license while claiming no additional user burden due to their privacy-forward features.