miracle2k

24 ms·

31.
by miracle2k 3y ago
> You can - by not being inside the US, doing proper KYC and rejecting US customers. Looking forward to doing KYC on my Signal account then.
32.
by miracle2k 3y ago
> Ethereum is somewhat akin (not identical) to USD, and Tornado somewhat akin to a bank operating with USD outside of the law. Many people are arguing that Ethereum node operators should be on the hook when they facilitate Tornado Cash t
33.
by miracle2k 3y ago
> They didn't "just" send a PR or "just" write some code, they made a financial tool which earned them millions while ignoring regulations for these type of financial tools. No one who sent a PR was arrested or e
34.
by miracle2k 3y ago
> They're still out there running right now, and nobody could shut them down if they wanted to. No, but the US could start arresting validators on AML charges, and no doubt, many people here would support this too. > They might h
35.
by miracle2k 3y ago
> I would be surprised if they didn’t have specific example of them clearly being aware of that information and choosing not to act. Yeah, I'm sure the FBI needed to bring out their top detectives to find "evidence" that t
36.
by miracle2k 3y ago
Which is, and certainly should be, entirely legal.
37.
by miracle2k 3y ago
What does "leaving a jurisdiction" mean? Can Tornado Cash "leave the US jurisdiction" as well and will then be left alone? Will you support the UK if they ask for the extradition of Signal developers, on the basis that s
38.
by miracle2k 3y ago
> not something expressly designed to violate KYC/AML laws. Tornado Cash was not designed to violate laws as per intent of the authors. Maybe it is your judgement of the design itself. Whether or not it in fact does is something we
39.
by miracle2k 3y ago
It's from the indictment: https://twitter.com/matthew_d_green/status/16944144228049965...
40.
by miracle2k 3y ago
> If the police just needs to take interest in you to find something to jail you because you are breaking hundreds of laws everyday anyway, this is a police state. Is it still a police state if you are breaking three laws every day? htt
41.
by miracle2k 3y ago
I like that officers in the UK are unarmed. I'm sure there are other distinct differences in how the UK does policing from other countries that are worth pointing out that make a meaningful difference. But every democratic country is o
42.
by miracle2k 3y ago
These links are weak evidence that this is a wide-spread problem. Indeed, they arguably lack evidence for even the existence of human trafficking. > https://www.fbi.gov/contact-us/field-offices/atlanta/news
43.
by miracle2k 3y ago
It would of course be possible to regulate OceanGate out of business, and I sympathize with the desire to make sure people are sufficiently informed about the risks, which is hard. But I agree with GP: there is something off about the calls
44.
by miracle2k 3y ago
> This controller is a metaphor for something that needs to immediately be regulated so that people like this can never get away with it again. There is something to be said for protecting people who would sign up for such an experience
45.
by miracle2k 3y ago
Your duty as a citizen is to have an opinion on the limits of power of investigators without being one.
46.
by miracle2k 3y ago
> And investigations obviously take time. Maybe the SEC will be able to lay out in court that they have been very busy with their investigation since 2019 (the date they are alleging is the latest Coinbase started trading securities).
47.
by miracle2k 3y ago
> Who is this addressed at? People who want to ridicule complaints of a lack of 'regulatory clarity'. You can hold the view that crypto should have been aggressively regulated against much earlier, while also recognizing that r
48.
by miracle2k 3y ago
> In spite of your attempts to cut off opposition, there are a lot of very well-reasoned arguments for the SEC's approach. Which ones do you find convincing?
49.
by miracle2k 3y ago
> You made a good comment and then absolutely ruined it with your last sentence. Blanket statements like that are not only disrespectful but they’re useless. This isn’t Fox News…it is Hacker News. I appreciate this feedback. I like how a
50.
by miracle2k 3y ago
When approving the S-1, the SEC was asked to review a business, not one selling filtration technology, but one selling illegal securities , well within their area of expertise. I think Americans should fairly expect their regulators to be
51.
by miracle2k 3y ago
> Crypto has always been a subset of tech's goals, and is even framed that way 99% of the time in presentations/etc. GP is simply saying that making a permissionless financial network a key element of the way value is exchanged
52.
by miracle2k 3y ago
Easily.
53.
by miracle2k 3y ago
The number is actually 30% now (and seemingly more like 20% since yesterday's Shanghai for some reason): https://www.mevwatch.info/
54.
by miracle2k 3y ago
> And the government interprets sanctions law extraterritorially so you're not safe in other countries either. It does not; these sanctions only apply to US Persons. Secondary sanctions mean that the Treasury can additional designat
55.
by miracle2k 3y ago
> However, actually running the code to facilitate North Korean hackers launder money and personally profiting off of it? Who is "running" the code? The US government, to this date, has not made an argument that the developers
56.
by miracle2k 4y ago
There are all kinds of governance models, as there should be. > a multi-sig wallet controlled by a “DAO Committee” to enact those off-chain decisions DAOs may empower a multi-sig with certain allocated funds to spend according to a manda
57.
by miracle2k 4y ago
> One data point I can provide is: $900,000,000.00 — which is the cost for a bank for NOT doing this. (It's not at all clear that this fine is due to a lack of regexes.) If the argument is "banks have to do this because of non-
58.
by miracle2k 4y ago
> Unfortunately, I do not know of a better solution than "match transaction data on this list of regexes" that would scale for the millions of daily payments that banks are processing. I think it would be reasonable to ask you,
59.
by miracle2k 4y ago
Where does it say customers are not allowed to be notified? For example: > 41. Should an institution tell its customer that it blocked their funds, and, if so, how does the institution explain it to them? > An institution may notify i
60.
by miracle2k 4y ago
While its worth considering the power structures behind a project, and what would happen for example if Uniswap Labs decides to put their weight behind a particular fork, or proposes a new version - the protocols can and d function without

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