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Expatriotic
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Replying to Avatar econoalchemist

Transcript of the Samourai Wallet devs responding to judge Cote asking for them to describe what they did in their own words during the plea agreement hearing.

The moment during the Samourai Wallet plea agreement hearing when judge Cote confuses the 1956 money laundering charge & 1960 unlicensed money transmitting charge, then nonchalantly brushes it off as "much the same thing" ☠️

Basically, prosecutors just need to establish the facts of the matter: the devs built a wallet, a hacker used the wallet to obscure the source of criminally derived coins, and the devs had knowledge of this. Package that all up as a conspiracy to operate an unlicensed money transmitting business charge & if the defendants plead guilty (even a false confession) then the judge is spared from any critical thinking because she can just take the prosecutor's allegations as true.

None of that proves the prosecutor's interpretation of the law is correct, that would require a trial which was avoided here and anyone with half a brain in this space can clearly understand the defendants did not in fact transfer funds on behalf of the public as it was a non-custodial wallet and therefore could not be considered a money transmitting business. Hence the wording of the defendants' statements.

But for all intents & purposes of the plea agreement, the only issue here is whether or not there is evidence (even one example) that supports the allegation that the defendants are pleading guilty to. A hacker who used Samourai Wallet in this case:

What an absolute farce.

Imagine hauling up Mr Ford and asking if he was aware that his cars were being used by bank robbers 🤦🏻‍♂️.

I mean I get how anal people are about financial transactions...

But:

1. Under current guidance SW was legal

2. Bitcoin isn't technically money, it's a commodity like corn or wheat.

3. SW devs never had control of the bitcoins

Good morning from Thailand 🌴 #siamstr

3 reasons why I prefer Zcash over Monero:

1/ Zcash is encrypted Bitcoin.

Started out as the Zerocash soft fork proposal for Bitcoin in 2013. Launched as an altcoin in 2016. Constantly improved, but always remained 100% compatible with Bitcoin.

Meanwhile, Monero uses a completely different codebase, started out as a reaction to address Bitcoin’s limitations, the tech stack cannot get soft forked on Bitcoin.

2/ Zcash produces research beyond its initial scope

Thanks to Zcash, we’re witnessing a cryptography revolution with Zero Knowledge proofs.

Bitcoin is gonna get ZK rollups from Citrea & Alpen. Full blocks can be synced in less than a second by only verifying a ZK proof. Drivechains also chose Zside as the fungibility solution. And last but not least, Shielded Client Side Validation & ZK Coins are attempts to bring Zcash to Bitcoin.

Ethereum also got Tornado Cash, Railgun, and a bunch of ZK rollups such as Starkware.

An entire industry evolves with Zcash tech. Meanwhile, Monero’s tech isn’t used for as many revolutionary projects.

3/ Zcash is just getting started

Tachyon will make shielded transactions scale to billions – coming to mainnet next year.

Shielded assets will revolutionize the whole token economy, giving other user-generated assets the same privacy guarantees as ZEC.

Zcash aims to improve the privacy of every popular use case in crypto.

Meanwhile, Monero is reactionary and only tries to keep up with Zcash (see FCMP++, which tries to offer the same sender privacy as ZEC).

Bonus: Satoshi expressed his interest in ZK proofs, but didn’t have the right cryptographic libraries to build something like Zcash. Hal Finney followed the Zerocoin/Zerocash initiative. CoinJoins on Bitcoin were proposed as a reaction to the lack of a ZK soft fork. Even Luke Dashjr agrees today that Bitcoin needs a ZK verifier.

Zcash is building the future of Bitcoin. And if you love Bitcoin, you gotta support Zcash too.

Tangent: I'm curious if you have any biases. I.e., have you ever received money that may have influenced the public opinions you share.

I only having Vaultwarden up so far and I wouldn't use a reverse proxy for that. Jellyfin makes sense though. Thanks for explaining

Have a great weekend 🌴🥥🏖️☕

#siamstr #coffeestr

New post on my blog expatriotic dot me about using Bitrefill to unbank yourself.

https://expatriotic.me/bitrefill