Like Dann Francisco during burning man, where you can find street parking everywhere. Aka Parking Man.
Sure, creative lawyers are great, but my note was this doesn’t scale, not that it can’t be done. After a certain scale creative reinterpretations of the law results in jail time :(
Right, this isn’t buy-and-withdraw, this is operating a server that enables people to exchange funds while remaining wholly custodial…. Let’s not get excited, this cannot scale without jail :(
Is there a jurisdiction where a bank could run a mint? I’d think operating a mint clearly violates AML regulations in every reasonable jurisdiction in the world.
There are always many things you can do with your time, but implementing silent payments (https://github.com/bitcoin/bips/blob/master/bip-0352.mediawiki) for Core Lightning is rising in my to-do list.
Unfortunately, we are all PSBT internally, so we need support so we can receive, which the authors argue (sensibly) should be the first priority for wallets. There's a delving post on this, so I did my bit by annoying Ava Chow into looking at it. We can probably hack in some experimental thing if we need for now, but proper support on libwally would smooth the path for Blockstream Green in future, which frankly is a much bigger win than CLN support.
Looking forward to the day when they're not "silent payment addresses" but simply "Bitcoin addresses".
Human-Readable names as a part of it, hopefully :). Then there’s one recipient name and it can pay both SP and BOLT12 instructions.
Make Plebnet Great Again
What if (though no specific proposal I’m aware of does) something were to enable that while also offering some great bitcoin scaling solution that allows for fast noncustodial transactions without regulatory questions or onboarding fees?
I don’t think it’s quite that simple. Things may have value to both camps.
I legitimately can’t tell if the Taproot Wizards people are trying to tank any chance of OP_CAT activation by running around claiming their for-profit company is going to forcibly activate a bitcoin soft-fork or not. 
Indeed, may legitimately be the case.
Rollup sequencers are MSBs.
Of course, I agree with you, we need something more than just lightning, but we haven’t found it yet, covanents or no.
I’m not convinced any of the options “opened” by CTV are going to hugely move the needle, honestly. There’s some marginal gains to lightning and mayybbeee timeout trees are compelling, but there’s big regulatory questions there and the trust model isn’t as great :/
Yay we’re back to segwit2x with fork proponents pushing their narrative in the press. https://archive.is/20240601112759/https://www.bloomberg.com/news/articles/2024-06-01/bitcoin-debate-heats-up-over-software-revamp-to-add-new-features
To be clear, the ring sig I suggest here isn’t about the custody of funds, but as a way to announce who is operating the mint without actually revealing specifically who is operating the mint. This could allow mints a new position in the privacy-transparency tradeoff. I don’t believe this has been implemented anywhere, all mints are either privately operated (and may steal your funds) or transparently operated (and the government may steal your funds in a seizure).
The US will throw you in prison for operating a mixer, probably.
I thought mutiny didn’t want to run a mint?
I mean certainly any sufficiently-large mint is never gonna last, the question is how to make small-ish mints that lots of people can put $20 in last. Fully public small mints probably still get smacked down, but maybe this gives you a sweet spot between private-enough ownership but still trusted-enough ownership?