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Aren't most mixers worth their salt simply an amalgamation of smart contracts? How does one regulate those without taking down an entire blockchain?

• ETH_start 3y ago
  Most of these proposals would prohibit Americans from calling the cryptographic logic contained in these smart contracts, to effectively prohibit them from encrypting their transactions. It's police-level control of software use, and the kind of surveillance-law/criminalization-of-privacy you would expect from the People's Republic of China, not any US regulatory agency.
  • mrangle 3y ago
    You should expect it from a US regulatory agency and to have the same accompanying enthusiasm that you would expect with tax collection. They have no choice whatsoever in these steps. Instead of worrying about this regulation, the worrisome component should instead be the broader tumult that this historical inflection promises. This exact series of events was eerily predicted a couple of decades ago by Rees-Mogg.
  • GoblinSlayer 3y ago
    Or you can add audit over second channel, just like tax and accounting always did it. Fiat transactions don't feature taxes and accounting, but they exist.