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10 sats \ 10 replies \ @boltz OP 2 Apr \ parent \ on: Boltz AMA ⚛️🔁 AMA

Tl;dr: yes. The goal is to not "break compatibility" with regulated entities like major exchanges which our users deposit to. More: #926959

10 sats \ 0 replies \ @DarthCoin 2 Apr

regulated entities l

FUCKING SLAVES OBEYING RULES

0 sats \ 0 replies \ @Butterfinger 2 Apr

then fuck boltz it's a fiat service like any other.

0 sats \ 7 replies \ @shadowybadger 2 Apr

Appreciate the transparency.

Do you think it's possible to run a real world company (like one with a legal entity, runs payroll etc) without eventually needing to bend the knee in this way?

Perhaps we have just not worked hard enough on innovative models that lets you both run a company and also not censor transactions. Not sure if that's possible though.

31 sats \ 4 replies \ @boltz OP 2 Apr

We run a real world company with a legal entity.

This was a very pragmatic business decision. We were swamped with support tickets users reporting "Exchange A/B/C froze my account because I used onchain Bitcoin from a Boltz swap". We had to act to not make Boltz incompatible with regulated services.

Also: Boltz is not a privacy tool. Boltz is a tool to (atomically) swap between different Bitcoin layers. We respect users privacy by not requiring more data than strictly necessary to execute the swap, but Boltz is not to be confused with technologies that are meant to enhance your privacy, like coinjoins.

0 sats \ 1 reply \ @OT 2 Apr

Do you think you'll ever blacklist conjoined UTXO's?

0 sats \ 0 replies \ @shadowybadger 3 Apr

They will comply with whatever is required from a regulatory perspective in the jurisdictions they operate in. So I think the question is whether coinjoins could ever become illegal

0 sats \ 1 reply \ @shadowybadger 2 Apr

Makes sense. Do you have a warrant canary or can you make a statement about log retention policy / periods?

Very good point @ not enhancing privacy.

131 sats \ 0 replies \ @boltz OP 2 Apr

https://canary.boltz.exchange, also check https://boltz.exchange/privacy. "Assume we keep all data we have forever" - you can't and shouldn't trust us if we said otherwise.

0 sats \ 1 reply \ @Butterfinger 2 Apr

that's castration not transparency.

50 sats \ 0 replies \ @boltz OP 2 Apr

Use another swap provider running Boltz backend that handles things differently via https://swapmarket.github.io

Or even better: launch your own swap service! All our code is Open Source: https://github.com/BoltzExchange.

Complaining doesn't change things, go and launch something! 🙌