pull down to refresh

Congrats on all the work you’ve done in the Bitcoin space. Quick question that might be a bit uncomfortable: what’s the main reason Amboss is OFAC compliant?

I appreciate the care in the question! It is sensitive.
As a bitcoiner, I'm opposed to sanctions and I don't want censorship of money.
As bitcoiners, we should fight for neutrality at the protocol level, meaning OFAC should not be relevant there. Having miner decentralization is critical for this.

At the application layer, where Amboss operates, we created a service to help businesses set up configurable controls. The obvious one is an OFAC policy since businesses MUST comply with OFAC if they want to remain businesses; otherwise they will simply be projects (limited monetization) that aren't connected with a government.

While I'm opposed to sanctions and OFAC control, we have to be realists and very practical to provide services to individual users as well as businesses that require compliance programs.

reply
10 sats \ 1 reply \ @jasonb 7h
Having miner decentralization is critical for this.

Do you have a take on the current state of miner decentralization and where things seem to be moving?

reply

There's a lot to be concerned about on that front! Globally distributed mining operations are the way to go; we wouldn't want any country, even the US, to dominate the network.

The BitAxe and HeatBit direction is very powerful and projects like that give me a lot of hope.

reply