@k00b354
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0 sats \ 0 replies \ @k00b 32m \ parent \ on: Oklahoma signs bill into law protecting crypto spending, mining, & self-custody bitcoin
I suspect the government views the framers of the constitution the same way we all do Satoshi's vision.
I'm not sure an ecash mint can comply with the law even if they wanted to. Custodians require KYC because they are obligated to report someone when their activity is suspicious and must attempt to prevent further suspicious activity. I guess you could detect suspicious activity on inramps and outramps to the mint? I'm not sure that's full regulatory cover, but for appearance's sake this could do wonders.
I suspect this is mostly to provide protection to cashu's developers. If a cashu mint gets indicted, the cashu developers can claim they gave them the best compliance tools possible with ecash.
We insist problems are solved until someone creates a categorically better solution. Horse and buggy “solved” medium distance travel to people that hadn’t seen a car.
When people say "lightning usage is low, XYZ is the future," it sounds an awful lot like "bitcoin usage is low, ethereum is the future" to me.
Decentralized things are hard and take longer to work well, but that doesn't mean garbage is the future.
It means you don't have enough sats in your wallet to complete the action. If you pay via the QR code the action will complete.