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This is ridiculous. Both that this US Citizen ignored direct warnings from the US Federal Government not to attend and teach at the Pyongyang Blockchain Confer

This is ridiculous. Both that this US Citizen ignored direct warnings from the US Federal Government not to attend and teach at the Pyongyang Blockchain Conference, and then volunteered to travel back the United States. And that the US Federal Government is worried about North Korea getting their hands on the WMD-level technology that are Ethereum Tokens. I suppose they'll be rounding up the people who built https://ethereum.org/developers/#getting-started https://ethereum.org/developers/#getting-started next?

nootropicat 7y ago
Well DAI (dollar stablecoin) is probably the best way to evade sanctions for international dollar transfers, relatively small supply notwithstanding.
- flyGuyOnTheSly 7y ago
  I own DAI and I can hardly sell $1000 of it into any other crypto currency without incurring 1%+ price slippage.
  - nootropicat 7y ago
    The spread with usdc is more like 0.2% (both coinbase and dydx), but if the alternative is smuggling suitcases full of cash, 1% is hardly a problem
  - Acrobatic_Road 7y ago
    May I ask what exchanges you are using? There is 1.5M in dai liquidity on uniswap and as you can see plenty of people are moving huge sums without incurring noticeable slippage. https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac495271d0f https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac...
rodgerd 7y ago
> And that the US Federal Government is worried about North Korea getting their hands on the WMD-level technology that are Ethereum Tokens. There's significant evidence that North Korea has been using cryptocurrency to evade sanctions and prop up their murderous regime, so I don't see what seems ridiculous to you about that.
- CryptoPunk 7y ago
  We're going to stop murderous regimes by creating a totalitarian centralized global financial surveillance system, and imprisoning anyone who uses financial channels that don't comply with it? Opposing murderous regimes is worthwhile. Doing it by criminalizing financial privacy and creating surveillance systems that are more expansive than anything the world has ever seen and that everyone is strong-armed into using them, is not. Mandates to comply with an Orwellian warrantless surveillance system in Xinxiang are, according to the Chinese government, justified by the threat of terrorism. This is how these kinds of totalitarian impositions are always rationalized. There's always a good reason for them, to advance public safety and national security, according to their advocates.

nootropicat 7y ago

Well DAI (dollar stablecoin) is probably the best way to evade sanctions for international dollar transfers, relatively small supply notwithstanding.

flyGuyOnTheSly 7y ago
I own DAI and I can hardly sell $1000 of it into any other crypto currency without incurring 1%+ price slippage.
- nootropicat 7y ago
  The spread with usdc is more like 0.2% (both coinbase and dydx), but if the alternative is smuggling suitcases full of cash, 1% is hardly a problem
- Acrobatic_Road 7y ago
  May I ask what exchanges you are using? There is 1.5M in dai liquidity on uniswap and as you can see plenty of people are moving huge sums without incurring noticeable slippage. https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac495271d0f https://uniswap.info/token/0x6b175474e89094c44da98b954eedeac...

rodgerd 7y ago

> And that the US Federal Government is worried about North Korea getting their hands on the WMD-level technology that are Ethereum Tokens. There's significant evidence that North Korea has been using cryptocurrency to evade sanctions and prop up their murderous regime, so I don't see what seems ridiculous to you about that.

CryptoPunk 7y ago
We're going to stop murderous regimes by creating a totalitarian centralized global financial surveillance system, and imprisoning anyone who uses financial channels that don't comply with it? Opposing murderous regimes is worthwhile. Doing it by criminalizing financial privacy and creating surveillance systems that are more expansive than anything the world has ever seen and that everyone is strong-armed into using them, is not. Mandates to comply with an Orwellian warrantless surveillance system in Xinxiang are, according to the Chinese government, justified by the threat of terrorism. This is how these kinds of totalitarian impositions are always rationalized. There's always a good reason for them, to advance public safety and national security, according to their advocates.