Topic: Mixers to be banned - page 4. (Read 23006 times)

True, however… Just like how they have been doing it with mixers, they’ll hunt down them pools which don’t comply.

Where are they gonna host these miners their website then?

On an onion domain? Good luck. They would be lucky if they could get 1% of the total hash rate then.

You mean, "The mining pool: Yes sir!". As far as the miners are concerned, they're incentivized to mine on the most profitable pool, which is the one that censors no transaction.

The top 4 pools as we speak mine about 75% of the blocks. This means that even if 4 pools started censoring transactions based on federal orders, there would still be 1 in 4 blocks that would ignore all the censorship bullshit. And at this point, the pro-censorship pools would have just accomplished loss without censoring anything.

It is not decentralized if all the farms have to follow the same orders coming from a singe centralized authority, which is the gubbermint.

The gubbermint: -Do not mine block #13123313123123, that is a federal order.
The miners: -Sir yes sir!


https://hashrateindex.com/hashrate/pools

They only need to send the order to the biggest 3 or 4 pools and there goes your decentralized mining.

I'm kinda expecting the long-term result to be more real decentralization. BitTorrent magnet links for instance don't rely on a single domain name.

Decentralized means it keeps working after someone shuts down their farm.

Git is a version control software, I misused the word. I wanted to say “repository” and i believe sourceforge was the king shit back in the day. I can’t really remember but bitcoin code was hosted on sourceforge at first then it was moved on to github. There was another drama about it which I can’t really remember its details.

https://en.wikipedia.org/wiki/SourceForge

The difference is that shutting down a mining farm or two doesn't really influence the Bitcoin network, whereas in 99.9% of DeFi, there's a small group of people behind the "DAO" that has significant control over the decision-making processes.

I highly doubt it. The administrators of this place have been identified, as far as I know, and if bitcointalk turned into a darknet site, then the 1226 BTC in forum reserves could be confiscated by the authorities.

Sooner or later, I expect Bitcointalk to become an onion site... no more clearnet access!

I hope you are just being sarcastic because if we keep going on this trajectory and the agencies ban even more stuff then soon we will have no crypto companies or services allowed on Bitcointalk.

Mining is also supposed to be decentralized and yet, we see people closing down their farms...

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You're probably talking about GitHub which is centralized and owned by Microsoft.

How did Satoshi commit code during the first years? When did they start using GitHub?

Although I suppose taking down Bitcoin from GitHub could be considered a violation of free speech... perhaps...

I remember something similar about cryptography not allowed to be exported from the US back in the late 90s (Gene Hoffman had wrote a story about it). He found a clever workaround:

https://hoffmang9.github.io/free-speech/the-history-code-is-free-speech.html

You are missing the point. It doesn't matter if they call themselves they are decentralized or not and what they deserve.
It can very easily happen that domains (and everything else recognized as their resource) are seized, which will put them in the same group as mixers.

The pressure is increasing, and Bitcointalk admin & members decided to close their eyes and turn their heads.


In that case, anyone who starts a similar service or one based on this protocol is against the law and risks sanctions.
Isn't that a similar scenario where the mixers are currently?

They can’t shut the platform down however they can always catch its devs and punish them. If btc becomes a problem in the future, that’s exactly what they will do to btc. (The other possibility is that they already have the btc devs on their payroll, which is not a small possibility imo)

When you connect to the internet make commits, push code to git, promote your service etc it is damn hard to stay anonymous for a long time. maybe you can stay anonymous against average people but we are talking about the gubbermints which own all the infrastructure. If they wanted to know who you are, they will know it and that’s all they need.

I agree, you are right.

However,  the front end can be banned, and the developers can be punished, like tornado cash...

But the smartcontract can still be used , their api is still running in ethereum blockchain for those who knows how to use it.

DeFi was supposed to stand for "Decentralized Finance". If they can be shut down, they're not decentralized and don't deserve to use that name.

I'm referring to this, the rule "everything over $10k (from an unknown source) must be explained" existed long before the creation of the first mixer, nor is it specifically aimed at mixing Bitcoin.


Seized, because an anonymous person is behind it. If the mixer were legal, it would also be subject to fines in the event that it does not have KYC.
The SEC is now suing Uniswap because of similar reasons and the epilogue of this will be very important for the further development of decentralization and maintaining privacy. If Uniswap loses this case (this will affect all Defi platforms), they must be closed/seized, because they have no way to implement KYC.

I suggest that Bitcointalk ban all Defi platforms as soon as possible, and wordfilter their domains, why wait for a verdict and risk the forum being identified as a place where such services are desirable?

There is increasing pressure on privacy, it is sad to see a forum that "aims to allow about as much freedom as is reasonably possible", the first to take such drastic steps.

Not that I'm talking about this because of fucking profit from signature campaigns, the ban could only refer to promotion, it didn't have to be a complete expulsion from the forum. (I already suggested this earlier)

Well, it must be that one but I misremembered it, as I thought it was a much more recent statement and confused the word ("Bolshevik" instead of "EUSSR").


I did not say that I expect him to break the law. But what was in the past a categorical statement saying that he was not going to do that if he got a requirement from Europe, as the overton window shifts it may come from the US, and so I don't think he's going to say he's going to ignore the requirements that come from USASSR.

So Satoshi is a criminal for hitting multiple 50 BTC blocks and not submitting KYC...

The most ironic fact here is that the state indirectly admits that BTC has some (inherent) value.

10k worth of BTC isn't worth... zero, as no-coiners would love you to believe (reminds me of "The Fox and the Grapes" by Aesop).

Deep inside their (depressed?) soul they know BTC is worth a lot...  the market has put a price on it, even if it fluctuates on a daily basis.

But Kucoin is still operational and legal. It wasn't seized, and certainly it is not a darknet website like SB became.

This is the reason why mixers were banned. They are not having just small legal problems, they were getting seized and that may be a problem for the forum.

yep and you have two weeks to fill out the form and send it in to the IRS.

If you do not do it you did a felony. If you report the funds and list the sender as unknown no one know what will happen.

Here is a pool

https://pool.laurentiapool.org/#/miners

I mine here but I know he is usa based and I have pruchased 100000 worth of gear from him. So I point a miner there as I will be able to do a proper form.

here is or was my main pool

https://www.viabtc.com/

I shut my mining down because I am not sure how to comply with the law if I mine 20k a month and split 4 ways with my partners.

I don't know if viabtc will give me all the info I need to comply.

So I turned off 150000 usd in gear and I am selling it on eBay piece by piece.

The law is fucked up.

I no longer mine here

https://solo.ckpool.org


as I may not be able to comply if I hit a block.


no I can buy a lot of gear with a cc say 20K and no issue.

I can buy a lot of gear with a check say 30k and no issues.

Now 10 k cash or 10 crypto is equal and I need full kyc from the entity that sent me the cash or the crypto.

This is a hard ship for medium size miners like me.

Yeah a good year I get 20-30k a month sent by the pool. I have to report it on a special form within 2 weeks or a felony.
So I really get more paperwork.

 I also  do not have guidance on what if avoid the 10k limit. I do 4k a week or 5k a week rather then wait for a month to move 20-30k a month.

 All of this would apply to all mixer coin coming to you in the usa.

No guidance on doing 1 or 2 or 3 k a week from a mixer as to whether you are breaking the 10k rule. The US is a reporting nightmare for a guy like me. I do over 100k in coin year after year as high as 300k some year.

My profits are about 50% spilt 4 ways.

So a 300k year means 4 guys split it and they split 150k after expenses.

So for a shitty $37.5k in my pocket I may end up doing 12 or more felonies a year. Thus I ended my mining partnership.

Australia was also founded by criminals and convicts! Iceland too by Norwegian murderers.

I guess the only continent left to colonize is Antarctica (assuming the ice cap melts)...

Regarding revolutions, they're a product of "toxic masculinity" and testosterone levels have fallen quite a bit during the last 100 years.

Jambler performs blockchain analysis for investors' funds, it's never said that they perform blockchain analysis for mixing coins (i.e. if I send coins for mixing to one of their partner, they will not undergo blockchain analysis). At least it's never said on their and their parters' websites.

If there is an exchange that operates illegally and is in money laundering, then media will publish many articles about them and such exchanges should be banned from bitcointalk. Before such news are made, there should be no problem to promote them and talk about them.

It's bad because they were paying a lot and that payrate was motivation for many good people to stay active on this forum. If we don't ban mixers, then long-term, this forum won't exist. Mixers don't follow any regulations, accept any kind of money and it's a reason for government to say that mixers participate in money laundering. So, since too many mixers help people to launder money, their existence on this forum is a serious threat.