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In short: after Mozilla cheerily announced it's accepting cryptocurrency donations with BitPay, jwz tweeted about it with his unique style of entertaining vitri

by price 5y ago

In short: after Mozilla cheerily announced it's accepting cryptocurrency donations with BitPay, jwz tweeted about it with his unique style of entertaining vitriol: https://mobile.twitter.com/jwz/status/1478022085737803776 https://mobile.twitter.com/jwz/status/1478022085737803776

0x0nyandesu 5y ago
- Cthulhu_ 5y ago
  - 0x0nyandesu 5y ago
    [flagged]
3np 5y ago
Bitpay is probably the worst they could have gone from a PR perspective as they’re also facing a lot of hate from crypto people: they have always been incorporating dark patterns and questionable KYC procedures. Nowadays I think you’ll have to submit passport and a webcam recording to use them for payments or donations at all. They’re like a worse PayPal, except it happens to be with cryptocurrencies instead of credit cards. It’s kind of the worst of both worlds. But hey, at least they have a process for USD-denominated refunds on those donations. /s Mozilla should just have thrown up a self-custodied wallet address or two on their website and be done with it instead of awkward emoji-shill-tweeting about Dogecoin through Bitpay.
- MomoXenosaga 5y ago
  Doesn't sound questionable. In fact it sounds exactly what my bank does. Unless of course cryptocurrency really is about anonymity, tax evasion and laundering money.
  - toolz 5y ago
    You're presenting a false dichotomy. The options are not: 1. Give up your data 2. Be a criminal There are other options.
    - irtigor 5y ago
      The options truly are just those two in my country if I want to open a bank account, buy stocks and etc, so I expected less sketchy crypto exchanges, payment/crypto acc and etc to implement the same mechanisms because otherwise it is very likely that they are simply not following my local laws and are enabling money laundering, tax evasion and other criminal activities to gain market share. The only thing that is a bit different is that if you physically go to branch they will only record your id and address (they don't need a recorded video of you saying the bank name or similar to verify that those documents belong to you).
      - toolz 5y ago
        > it is very likely that they are simply not following my local laws Places outside of your local jurisdiction are not beholden to your laws. Also, even you have a third option, which is to just not open a bank account. So again, it's a false dichotomy. Not to mention you could move somewhere that allows non-KYC banking. There are definitely more options than you let on.
        irtigor 5y ago
        What you said is false, if they are operating in my country (and that is true if they are opening accounts/etc to people in my country) they must comply, it doesn't matter that the server is located in another country or anything like that. About the second point sure if they are not operating from a country that requires id identification and are only dealing with clients from places like that it is true, otherwise they will get in trouble, it is just a matter of time (if I'm not mistaken there are even examples of less dumb crypto exchanges creating multiple entities in multiple countries with slightly different urls so that they can have it both ways).
- randomhodler84 5y ago
  Totally. BTCPay is an amazing platform for building open source cryptocurrency gateways. I wish they would spin that up and get more folks to run their own open source monetary infrastructure.

by price 5y ago

0x0nyandesu 5y ago

Cthulhu_ 5y ago
- 0x0nyandesu 5y ago
  [flagged]

3np 5y ago

Bitpay is probably the worst they could have gone from a PR perspective as they’re also facing a lot of hate from crypto people: they have always been incorporating dark patterns and questionable KYC procedures. Nowadays I think you’ll have to submit passport and a webcam recording to use them for payments or donations at all. They’re like a worse PayPal, except it happens to be with cryptocurrencies instead of credit cards. It’s kind of the worst of both worlds. But hey, at least they have a process for USD-denominated refunds on those donations. /s Mozilla should just have thrown up a self-custodied wallet address or two on their website and be done with it instead of awkward emoji-shill-tweeting about Dogecoin through Bitpay.

MomoXenosaga 5y ago
Doesn't sound questionable. In fact it sounds exactly what my bank does. Unless of course cryptocurrency really is about anonymity, tax evasion and laundering money.
- toolz 5y ago
  You're presenting a false dichotomy. The options are not: 1. Give up your data 2. Be a criminal There are other options.
  - irtigor 5y ago
    The options truly are just those two in my country if I want to open a bank account, buy stocks and etc, so I expected less sketchy crypto exchanges, payment/crypto acc and etc to implement the same mechanisms because otherwise it is very likely that they are simply not following my local laws and are enabling money laundering, tax evasion and other criminal activities to gain market share. The only thing that is a bit different is that if you physically go to branch they will only record your id and address (they don't need a recorded video of you saying the bank name or similar to verify that those documents belong to you).
    - toolz 5y ago
      > it is very likely that they are simply not following my local laws Places outside of your local jurisdiction are not beholden to your laws. Also, even you have a third option, which is to just not open a bank account. So again, it's a false dichotomy. Not to mention you could move somewhere that allows non-KYC banking. There are definitely more options than you let on.
      - irtigor 5y ago
        What you said is false, if they are operating in my country (and that is true if they are opening accounts/etc to people in my country) they must comply, it doesn't matter that the server is located in another country or anything like that. About the second point sure if they are not operating from a country that requires id identification and are only dealing with clients from places like that it is true, otherwise they will get in trouble, it is just a matter of time (if I'm not mistaken there are even examples of less dumb crypto exchanges creating multiple entities in multiple countries with slightly different urls so that they can have it both ways).
randomhodler84 5y ago
Totally. BTCPay is an amazing platform for building open source cryptocurrency gateways. I wish they would spin that up and get more folks to run their own open source monetary infrastructure.