Nostr Web Client

So if you run a Bitcoin node you are a money transmitter? This sounds like a very bad precedent. I get they are trying to avoid a harsher sentence, but this sounds very bad. And 5 years?!

semisol 5mo ago

They actively collected fees for their Coinjoin, Paynym and some other services.

Some of these did not even require a central server (like Paynym, Stonewall and collaborative transactions) but a fee was still taken by Samourai Wallet developers.

They also have the capability to comply with the OFAC address list on their coordinator, but have decided not to.

Other things include that they possibly could have traced all of their users…

I sometimes can’t feel bad for them when they literally poked the bear multiple times, while also giving the government every excuse to shut it down, and also being extremely shady.

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Discussion

semisol 5mo ago

tl;dr none of that is even close to running a Bitcoin node.

also fyi many influencers like Odell have a financial incentive in Samourai wallet, and I remember the Samourai wallet team displaying many characteristics similar to NVK.

Robert Allen 5mo ago

So collecting fees makes you a “money transmitter?”

semisol 5mo ago

IANAL.

But they have profited from crime *knowingly*, which is problematic.

They also could control which CJs to accept and which to reject, before the mixing started.