2 ms·

I think I agree and I am willing to defend him a little bit here. Vast majority of US population would be astounded if they learned even a fraction of screenin

I think I agree and I am willing to defend him a little bit here. Vast majority of US population would be astounded if they learned even a fraction of screening that goes on behind the curtain; that does not even include existence of SARs or differences between jurisdictions. And they typically don't know, because, usually, those issues touch either sophisticated players with money to spend on defense, or actual designees, who know full well what they are doing. Average US national typically won't even know there is an issue unless in ~80% of cases. There is an argument to be made that with crypto that line of defense may be hard to swallow. After all, it is designed to avoid government oversight.. but I personally am willing to give him the benefit of the doubt. Still, the government wants the population to take sanctions seriously. Prosecution is one way to make people take notice.

xiphias2 5y ago
He was helping the worst dictator on Earth increase his power even more. Right now there are sanctions against Russia, and some US companies are giving Bitcoin to Russians to help to escape the country, but the US government doesn’t make that illegal, because they are not helping Putin, but the refugees who got stuck in a horrible situation. Of course US can make sending Bitcoin to Russian people illegal at any time, and then any person will know that they are risking going to prison if they still want to help those people.
- eimrine 5y ago
  > make sending Bitcoin to Russian people illegal Isn't it impossible? Bitcoins are being sent to random 256bits, not to people. Unless some Russian person reveals some adress and promises that he really owns the key, this kind of transaction may be hard to proove.
  - xiphias2 5y ago
    It's a public ledger, it's the worst way to make something illegal, many drug dealers found it out too late. Just an example even if a person doesn't use an address, if a Russian person checks out a HD multisig public key from which other keys may be derived, the sender can get suspicious.

xiphias2 5y ago

He was helping the worst dictator on Earth increase his power even more. Right now there are sanctions against Russia, and some US companies are giving Bitcoin to Russians to help to escape the country, but the US government doesn’t make that illegal, because they are not helping Putin, but the refugees who got stuck in a horrible situation. Of course US can make sending Bitcoin to Russian people illegal at any time, and then any person will know that they are risking going to prison if they still want to help those people.

eimrine 5y ago
> make sending Bitcoin to Russian people illegal Isn't it impossible? Bitcoins are being sent to random 256bits, not to people. Unless some Russian person reveals some adress and promises that he really owns the key, this kind of transaction may be hard to proove.
- xiphias2 5y ago
  It's a public ledger, it's the worst way to make something illegal, many drug dealers found it out too late. Just an example even if a person doesn't use an address, if a Russian person checks out a HD multisig public key from which other keys may be derived, the sender can get suspicious.