If people cannot put python code or golan code interacting with smart contracts, into a desktop software wallet, open source downloaded, without being indicted, then yeah the gov is telling what free code publishing is allowed, it sets the precedent for banning math/ai/everything
they're telling you which math, which encryption, which speech, which language of code, how you execute it, that you're allowed to publish, freely as FOSS, and indicting you for hosting it on *a central server somewhere or Github, plus they've forced Github to censor
This is what liberal dem voting OG FOSS people who hate crypto believe, they don't understand that the line between code publishing and markets/money as speech is that blurred, it will be used to censor, it is a violation of the 1st/4rth.
When they say they want regulations, councils, commissions, licensing, intensive identity verification, and geoblocking to publish FOSS math, encryption, finance swaps, arbitrarily based on central server hosting, or Github, or a particular execution format, yes its unlawful
They are using rent collection, fee collection, and central server hosting as the basis of the indictment of storm, but the swaps are only possible with the inclusion of smart contract. His case is the 4th & 1st amendment on trial unequivocally.
They are building his indictment on the work of the SEC and CFTC, if you're paying attention. They've chosen servers and frontends as the means to cripple this industry, because of servers and function calls to smart contract. It's a hyper "Facts and circumstance" case.
This is why the work of the SEC & CFTC is so dangerous, it helped build federal briefing to indict & beat Storm in court. Based on their 4 agency web of lies about what front end code is, and how they *claim* front end code isn't protected by the 1st/4rth, due to profit.
People who assume that a serverless frontend that doesn't give fees to a central LLC is some literal get out of jail free card, are being hyper naive, that won't be the case. Beating Storm is a stepping stone to active censorship of validator & Sequencer.
If you define one lie in federal court about front end code on a fact and circumstance case of an entity profiting, it will be used against Daos and governance regardless, we know the SEC was bad faith, so the Treasury will simply continue that interpretation of profit & entity.
Because they started with the conclusion and outcome they wanted, georestriction, censorship, and hard licensing of frontends by bad faith claims of profit & ownership, when the frontends are serverless & community owned, they will turn prosecution to sequencer & validator.
and in doing so they will continue to use OECD, Fatca, Fatf, aml-kyc, and Sanction Regime politics to do it, to enforce their point, and they will continue to expand or attempt to expand the Banking Secrecy act and patriot act. Do not trust them, do not trust their lies.
I don't want to say that it is a good thing to do tribalism in crypto zero sum, but I am at the line in the sand where I think principled privacy people/darkfi people are going to have to really profoundly stigmatize the eth community, with the stakes being this high.
It isn't eth itself or the network itself, it's the political culture of centrist liberals. I saw what this type of person did to the Libertarian Party, post Israel Terror attack that is 100% coming to crypto. The fixation of onchain KYC because of moral policing.
There's a hefty list of reasons for why onchain kyc and kyc honeypots on frontends, and insane mandated centralized frontends are absolutely not needed. We have better civil liberty with 0 DeFi and CEX w/ its aml regs for 8 years. DeFi is a net loss of civil liberty.
Remember Jesse Powell made it clear he was forced to do this by Trudeau. That is the clearer point, this isn't about freedom of disassociation *it is the state forcing private companies to force people to disassociate*
The problem with privacy pools is it adds a huge layer of law enforcement abuse, there's no denying that. But it highlights serious serious grave issues with pure code is law. I don't think the criticisms of ameen or Vitalik are grasping the actual problem.
The problem is the West isn't going to allow monero or base layer privacy to scale. If everyone is doxxed to LEO, the more layers of association list you have, the more surface area for LEO. It's very very serious game theoretically. Seeking good faith where there is none.
We need to talk about what DeFi's aims at financial engineering are, and what it is actually perceived as.
DeFi is perceived both by it's developers and by Tradfi and the Fed as a competition with regulated brokers and registered products, as regulatory evasion.
I would strongly counter against this and argue that the real purpose and utility of DeFi is to be a direct competitor with Prime Brokerages and Financial Institutions in and of themselves, to expose them to public transparency, and give access to retail & emerging markets.
The deliberate intent to not only evade licensing and registration, but to extend exotic alpha products, like derivatives, leverage, new tokens, exotic yield, lending, and exotic instruments, directly to anyone, without requiring intermediary, pedigree, licensing, or banks.
the fact that the american anarchist only want to make mini feifdom east germany hellholes on mastadon rather than lenster should tell you virtually everything you need to know about american classical anarchism and how disturbed the anarchist movement in the US is.
I cannot stress how strongly any sort of left libertarianism or american anarchism is fundamentally bad for the crypto industry, even though some of the best developers in the defi space, including myself are technically left-libertarian or anarchist.
It's a very long obscure history of the Libertarian Party spanning back 20 or 30 years, even deeper if you go into the 60s, 70s, 80s, but the actual living people and arguments covers the last 20 years. It does matter, it is grave, it is relevant to crypto and 1st/4rth amendment.
wait, so the entire futures system in the united states is broken because of the 15 cent routing fee that CQG charges. Like that in and of itself breaks the crypto futures industry. Because you need 100 contracts of nano contracts to make 1 bitcoin. @duganist@0xMakesy
If you have a per contract per fee side it breaks the whole thing. That's like bitmex charging you 15 cents per 200 dollar notional exposure. It works out to 270$ or 27 bps per 100k. Brian armstrong needs to do something about this, that's absolutely bonkers.
then again why would he, he already does it to spot traders on coinbase? See this scam? wtf
The Crypto Industry Has a Troubling Problem With Crypto Reddit and Reddit In General
First off, I'm definitely going to have to make a new reddit account and abandon this one.
I have repeatedly tried to talk about the US governments belligerent behavior over and over in this industry, and how we were being long conned by deliberate politically
motivated behavior by the agencies and by the State Department. Even most of Crypto twitter thinks SBF and FTX are feds.