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> Technically speaking, every Ethereum node operator with that code is now potentially an unlicensed money transmitter, in violation of U.S. banking regulations
by from 4y ago
> Technically speaking, every Ethereum node operator with that code is now potentially an unlicensed money transmitter, in violation of U.S. banking regulations.
Except Treasury has released guidance saying the opposite. Not sure what would make one so giddy about a mandatory and opaque financial surveillance apparatus being a part of daily life.
- salawat 4y ago>Not sure what would make one so giddy about a mandatory and opaque financial surveillance apparatus being a part of daily life. The part where it becomes common knowledge and we actually have a more public discussion on whether it's a good idea in the long run. I actually feel quite squicky about the fact that most people don't seem to realize there's this orchestrated black hole capability strategically wielded with very little recourse by the Executive.
- notch656a 4y agoThe sooner Americans realize they're basically all criminals, the better. The arbitrary and capricious selection of who to hold accountable for TC transactions is classic divide-and-conquer tactic. The 'honest' reader here should realize they aren't the 'good guy'. They're just someone a prosecutor hasn't found convenient to destroy yet.