Who is going to run all these various layer 2 mints when things like iLlEgAl MoNeY tRAnSmIsSiOn SeRvIcE exists?
It seems like only institutions subject to the current financial system rules would be allowed to. So what's the point ultimately?
Discussion
The layer 2 mints are just code, they can run on any server anywhere in the world.
I don't know how fully retard the US empire wants to go, but I wouldn't want the job of trying to shut down specific servers globally. They might find it more difficult than they anticipate.
They also might get their ass handed to them in court, although that would be a miracle.
I remember hearing Obi on a podcast describe that in his view operating a mint for “friends and family” would be exempt from regulatory pressure, but it he didn’t sound too sure about it.
Anyone that's not American.
I could spin up a Cashu mint and all I have to do is geo-block Americans and the US government won't give a shit. It's what companies like Wallet of Satochi do. And billions of people all over the planet could use it. Just, not you Yanks
The rest of the people on the planet don't care that that the USA is a repressive regime that forbids its peasants and serfs from anonymously using Bitcoin. Like...HaHa 🤣.
Perhaps you Americans should change your government if you actually want the freedoms you pretend you have. Although, there's that old saying that you always get the government that you deserve.
idk, what is the point ?