Avatar
Sjors Provoost
8685ebef665338dd6931e2ccdf3c19d9f0e5a1067c918f22e7081c2558f8faf8
Physicist turned bitcoin developer aka "shadowy super-coder", author of Bitcoin: A Work In Progress
Replying to Avatar waxwing

There is actually something new in this statement from the FBI:

https://bitcoinmagazine.com/markets/fbi-warns-americans-against-using-non-kyc-crypto-money-transmitting-services

If you actually read the second and third paragraphs, they are quite explicitly telling you that the primary risk is that *they themselves* are going to steal your money.

So by 'something new' I mean that this is the first time you are explicitly being threatened with confiscation. It would not be surprising if this is the start of a trend, but, who knows.

Well, if it helps people write down their mnemonic and actually care about deterministic code, I suppose the FBI did us a favor i those paragraphs.

Anonymity against a dedicated state actor is hard. And getting features built and merged without the benefit of in person meetings and conferences is a huge handicap. It's possible but there's a price.

Bitcoin development is already slow, might slow down 10 - 100x if the current crop of devs is killed (or fakes disappearance somehow) and new nyms have to take over.

You fail to understand the difference between something being and illegal and getting arrested. You are following the news?

Hope so, but my impression so far is that it's lots and lots of complexity, plus interactivity (with a coordinator?) for not that much savings.

Replying to Avatar Rob

Isn't that the right angle nostr:npub18hqtw4vjsg6s0a0kyhugn5mt5fs8fp64pd8nsv66vqld5qg090pqe75kus? If I want to break the link between my balances and recipients, in good faith, I should be able to coordinate with those who want to do the same?

"should be able" leaves out the important question: who makes that possible for you and what risk are they taking. You can do it yourself, compile code yourself, etc.

You can also hope, but not demand, that someone else does that for you. But people offering such services have to make their own risk calculation. And that calculation changed a lot yesterday.

Sooner than I expected, given that this is also a non-custodial service and the Tornado Cash trial still needs to determine what's "allowed". nostr:note1d9d9lwnxqmlj42kne9sqsh33s7e0dgtsuek3nwhzlyq3yqf8wdeslhag5c

Running macOS 11 Big Sur in VirtualBox on a 2019 MacBook Pro so you don't have to. It's glacial.

Looks like a nice canal to me...