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0 sats \ 7 replies \ @prayer 29 Apr \ parent \ on: Russia announced will ban the circulation of Bitcoin in September 1st, 2024 bitcoin
resolves until they ban the use of Liquid or another tool.
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0 sats \ 6 replies \ @kristapsk 29 Apr
We are talking with assumption they can't ban use of these tools. Problem we are talking about solving is to fight chainanalysis and / or asset freezing from Tether side.
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0 sats \ 1 reply \ @om 30 Apr
They can't ban Liquid but the exchangers can refuse to exchange Liquid USDT for EUR in the same way as they refuse tainted USDT on TRON without actually blocking the funds in the smart contract.
Furthermore, confidential transactions don't hide the input and output addresses. So an exchanger would see this: (10000 RUB changed for USDT) -> ??? -> (this guy wants 100 EUR from me) and connect the dots easily.
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10 sats \ 0 replies \ @kristapsk 30 Apr
OTC P2P markets is another thing that needs to develop more here.
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0 sats \ 3 replies \ @prayer 29 Apr
They can't, but they say they can. Only those who study and use BTC deeply will know how to defend themselves, or identify loopholes in government imposition.
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0 sats \ 2 replies \ @kristapsk 29 Apr freebie
Knowledge of Russian population on how to use VPN and Tor is above average compared to the rest of the world, due to censorship happening for years. Same as in China.