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This sounds awesome. I really hope you will be successful!! What do you do when you get subpoenaed? Do you link all the accounts to the real identity? Lavabit-
by bisRepetita 11y ago
This sounds awesome. I really hope you will be successful!!
What do you do when you get subpoenaed? Do you link all the accounts to the real identity? Lavabit-style exit?
- mirimir 11y agoYes, that's my question too :) I'm pretty sure that KYC trumps privacy, in this case :( Lavabit wasn't doing financial transactions. Openly, anyway.
- boling11 11y agoThank you! We do have to abide by US AML / KYC laws as we are working with a sponsoring bank. We plan on releasing transparency reports on a regular basis.
- mindslight 11y agoDo the anti-fungibility regulations and/or your sponsored relationship require you to preemptively submit your transaction information (eg card#->bank# mapping) for surveillance, or only in response to a specific court order? If the latter, what is your retention period? Do you have any plans to add batching+noise to foil global passive adversaries? For example, I opt to keep a running balance target of ~$50 and today's charge for $34.56 is debited as $31.37 a week later.