I partially implemented the UMA spec. It’s a bunch of KYC and surveillance hooks hiding behind a lightning address. Initially I was interested (might still be) but it’s really an information harvesting and surveillance system grafted on to the lightning address protocol.
Discussion
I remember reading that and essentially thinking the same thing. It's a way to bring regulation to Lightning. They even mention regulations in their website.
Yep. The idea is that if you put a $ sign in front of your lightning address, it indicates that it is going to the KYC stuff (spray your personal information everywhere according to the travel rule). I kinda lost interest because it felt like a path to capture.