Replies (27)

Provavelmente a lightning só vai ser aceita em instituições reguladas se usar um protocolo que faça KYC como o www.uma.me
POI's avatar
POI 1 year ago
Looking at how the EU operates this won't be an isolated case. Exchanges have little tools at the moment for classifying Lightning Network transactions. Blockchain Analysis companies might want to bolster they can, the reality is that most are avoiding the subject (when talking to/educating their clients). I can only imagine that this will expand among more countries/jurisdictions
Incorrect. Lightning can be used by any two peers, peer to peer. It's the reliance of one or both of those peers on centralized institutions/hops/third-parties/regulations that creates a pitfall for them. You're only made to follow mandated regulations if you're a known and centralized, entity with a general business stake in fiat. If I run behind tor, provide liquidity, and as the protocol evolves continue to push for privacy and decentralization in my own services, no one can stop me.
The option to withdraw using Lightning is still available in Canada, but for the past few months, it has consistently shown an error every time I've tried…
First they came for #monero and you said nothing. Hell.. why do y'all think CEXes were bullied into delisting Monero, and why did you think Lightning (with it's acceptable privacy and anonymity for many use cases) would be any different?
You guys are only now figuring out that the state hates untraceable money? They delisted Monero because they can not track it. They allowed Bitcoin because they can. And now they delist LN, the one technology that was supposed to be Bitcoins saviour as a medium of exchange. They are not against assets they can tax. They ate against money they don't know about and hence can not control. This is the fight people were talking about 10 to 15 years ago in the space. For the last 6 years or so Monero was fighting alone. But now it seems Bitcoin and Monero will need to join forces to accomplish the goals of freedom money.
Dom's avatar
Dom 1 year ago
Closed my kraken account after they announced the DLT stuff for German clients only. There are other ways to increase your stack..
I've been thinking lightning as this stealth privacy trojan horse that somehow eluded regulatory hate thus far. Those days are behind us, apparently.
Curious. If one has funds in cold storage and wants to increase their privacy, could you send your funds to lightning enabled CEX and withdraw it to a personal lightning wallet which then transfers back to cold storage? Would this effectively turn your wallet into a Non-KYC wallet? They wouldn't be able to track the funds through lightning correct?
If you withdraw your funds from a CEX to any wallet, I think the CEX will mark it as sent to you, and would probably testify that, as far as their records can tell, you still have it. I would not be surprised if a judge said that's enough data to conclude you *do* still have it. If you claimed to sell, spend, or lose all of it, I would not be surprised if a judge said that's an unlikely story and consequently "innocent until proven guilty" doesn't apply. If that happened you might need to show evidence to probe your case, and might be considered to at least own whatever amount you can't show convincing evidence of selling/spending/losing. If you used a standard bolt11 invoice to withdraw the funds, they would have full route info from themselves to your LN wallet and could trace the funds that far. You could use tools like lnproxy.org to throw them off, but they might subpoena or purchase your "real" routing info info from lnproxy.org or whatever competitor(s) you use. If your wallet is connected to a routing node like Amboss or Phoenix, and you're not using tor, those guys have your IP address and can also see when you close your channel and send your funds to cold storage. They might act as informants against you if their routing nodes showed up as the "last hop" on the path from the CEX to you. All that said, I don't think they would be unable to *deterministically* trace the funds if you use tor + route blinding (e.g. through lnproxy plus a few of their competitors, or bolt12) but they probably don't need to -- if they are confident you withdrew the money *somewhere* then you will be marked in their books as having whatever amount of money you withdrew, regardless of where you sent it afterwards.
In he last paragraph there was an important typo. I wrote "I don't think they would be unable..." but it should say "I don't think they would be able..." I used the "Edit" feature in amethyst to fix it but just in case your client doesn't show edits, I'm clarifying here as well.
CARLOS's avatar
CARLOS 1 year ago
The Rage uncovered this, there was no such regulation, they blamed regulators on their own action (incompetence cover up?)
The hubris of the most entrenched Bitcoin maxis will never allow them to consider Monero as an ally in ANYTHING, let alone something else entirely; we already saw the playbook with Cash after all.
tuco's avatar
tuco 1 year ago
Everybody gets and will get #bitcoin or/and #monero at the price and the cost they deserve
Everyone that actually gets bitcoin has exchanged it for monero or forever exited to gold (since cash has a use by date). Its that too few get bitcoin.
to be honest, it's stupidity. getting so deep in the cult like mentality that you aren't open to new ideas. the idea that you ONLY need Bitcoin in any circumatance is pure foolishness. all of your eggs in one basket.