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kinghat[m]
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dEBRUYNE
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monerobux
[ Can Privacy-Preserving Cryptocurrencies and Regulation Co-exist? - YouTube ] - www.youtube.com
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kayront
it's crazy how far down we've fallen as 'free' societies that this question even has to be asked
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sgp_
dEBRUYNE: I saw that this happened but I didn't have a chance to watch
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sgp_
Features Perkins and Gemini right?
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dEBRUYNE
Yeah and someone who worked at the NYDFS
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sgp_
watching now
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hyc
the fact that gov'ts are trying to phase out cash should be answer enough
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sgp_
yeah that's a larger battle
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kayront
the fact that most people don't seem to care is somewhat disturbing too
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sgp_
well, it's important to take these battles one at a time sometimes
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kayront
we should make animated cartoons explaining monero to 5 year olds, it's the only hope
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sgp_
making it normal for exchanges to support XMR, ZEC is important
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kayront
agreed
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hyc
meh. it should be normal for exchanges to ban XEC for being a scam
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hyc
ZEC ...
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sgp_
use its inclusion for your advantage though in making a narrative
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hyc
but our battle is the anti-cash battle
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kayront
anti-anti-cash
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sgp_
for example, Decred adding privacy had a surprisingly broad impact in making people realize privacy can be added to existing assets they support, even though it's not even on most exchanges
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sgp_
the "threat" of ETH adding privacy helps move these conversations forward
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sgp_
it's about the narrative
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sgp_
always has been
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hyc
what you're saying is we should downplay the difference between opt-in vs opt-out privacy, get regulators to accept all the opt-in coins, and then just sneak in with them.
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sgp_
no I'm not saying that
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sgp_
I'm saying that we should argue "Gemini allows withdraws to shielded addresses; why not support Monero withdrawals?"
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sgp_
stuff along those lines
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sgp_
what are your procedures for evaluating the risks of BTC deposits? how can that be applied to XMR?
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hyc
looks self-defeating to me, because you're equating XMR to all those other coins
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hyc
when clearly they are not all equal
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sgp_
what do you do when you run a customer's deposits through Chainalysis KYT and it says "unknown"? how would Monero be different?
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kayront
it's different because governments are already salivating at the fact that they can keep on tracking everyone even after they withdraw from the exchange
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kayront
no such luck with monero (as it should be)
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sgp_
in some cases it doesn't matter how it is in practice, so long as it looks good to the VASP and they can argue that they are doing proper due diligence
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kayront
i think a trump card (heh, good timing :p) might be the fact that many exchange CEOs and tech staff are totally pro-privacy, because they also get it
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kayront
sometimes it even comes up, but i can't help shake the notion that almost everyone is holding back
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sgp_
from them you usually get "we love privacy, but..."
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kayront
"but the regulator will fine us brutally and they got us by the balls now because we're a legit business"
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kayront
doesn't mean they don't want to offer it to people
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sgp_
perhaps but hardly anyone tries if they aren't forced to try
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sgp_
like, do you really think Gemini would push for ZEC if they weren't invested
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kayront
so you are saying we should donate gazillions monroes to exchange CEOs?
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kayront
:D
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kayront
interesting approach
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kayront
hehe
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sgp_
I mean that's one approach
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sgp_
pay someone to care
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kayront
we all should care, it's our freedom on the line. speaking to the choir here i realize
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sgp_
takes action to make dreams a reality
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kayront
as i'm fond of saying, i just don't get in which version of reality it makes sense that the baker sees i have $50k DAI from taking a trivial look at the blockchain
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kayront
like, seriously
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kayront
what are people smoking, because they should smoke something else
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sgp_
regulators sometimes only think in terms of the scope of their goals
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kayront
perhaps they ought to walk around with a live dashboard of their personal finances above their heads for a month or two to get the point
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kayront
add cellphone tracking and browser history to boot
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kayront
****ers
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kayront
lol
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kayront
i find it very distasteful, the whole bully act, holier-than-tho, we-know-better-even-tho-we-don't-really-use-this-stuff, orders from above type of deal
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kayront
the state is the ultimate middle man
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dEBRUYNE
<sgp_> like, do you really think Gemini would push for ZEC if they weren't invested <= I frankly think ZEC would benefit from Monero getting listed on CB / Gemini
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sgp_
perhaps, but convince them of that :p
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kayront
give me two hits of acid and 12 hours and i can do it!
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kayront
the 2nd hit is for some zec guy, if it wasn't clear :p
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john_r365
hehe, to "show them the way". Peace, love and fungible digital cash
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nioc
:)
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sgp_
dEBRUYNE: panel was pretty informative
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sgp_
I recommend it
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dEBRUYNE
Will have a listen tomorrow
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dEBRUYNE
Feel free to post it on the sub too by the way