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@tayvano_ I think the problem is hazily defined here. requiring custodians to know their customers and cooperate in lawful seizure doesn't PREVENT or SOLVE crime. it enforces and strengthens the white/black market distinction and adds 9s to the SLA of clean money in the systemPermalink On twitter.com
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@tayvano_ cash and de minimis economies are Grey economies by design. governments don't want to make hyperscale Grey markets and connect them to the capital markets which are expensively kept white (i.e. 99% clean money) becuz the latter property is important to geopolitics.Permalink On twitter.com
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@tayvano_ "preventing" "crime" is a red herring. there are plenty of crimes (like tax theft and wage theft) that aren't really a priority to enforce (cf. Panama papers), because the point of this enforcement is an international balance of power, not street level stuff. zoom outPermalink On twitter.com
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@tayvano_ I'm not saying "we have to give them kyc/deanon or we'll never get Blackrock at the table" but I am saying "today's crypto never built an on ramp that wasn't a nonstarter". we connect every asset to every asset like giddy libertarians because we have never questioned a juvenilePermalink On twitter.com
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@tayvano_ definition of money, which is coincidentally a criminals definition of money (i.e. who cares how clean it is if washing it only costs XX%). if we start thinking of tokens as DISCONNECTED from each other and define bounded, protected, gated markets we might get regulable some day.On twitter.com