21 sats \ 2 replies \ @l0k1 15 Oct 2022 \ on: Swan Bitcoin: A Front-end for a "Altcoin" Company? bitcoin
Evil people always strive to dirty everyone so as to seem like evilness is "normal".
Swan would have to go outside USA to avoid USA KYC regs. This would greatly reduce their market.
There is no question that this taint has a tendency to spread.
And yet people need to make a living, as well.
If you want clean you need to go Bisq and darkweb. Ironic, but that's how it is.
It's the system that is corrupted. If you want to pay via SWIFT or SEPA you are suffering compromises, implicitly.
Yeah, i didn't expect them to not be doing KYC, I just assumed they just blocked coins from addresses on the OFAC list, instead of going above and beyond what the law asks, using sophisticated AI chainanalysis. When a big company goes above and beyond, its usually coupled with asking the government to regulate harder, creating an expensive regulatory moat that keeps out newer, smaller companies.
Also many people use Swan to not give money to altcoin products.
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Yeah, Cory's gonna have to make new arrangements for sure.
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