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100 sats \ 2 replies \ @optimism 21h \ parent \ on: Tether promoting their wallet dev kit again bitcoin
Think of it this way they are able to track and black list various terror org wallet addresses and so if you send money from your hardware wallet to fund [sanctioned party A] then essentially your self-custody isnt protected anymore cause you just ya know funded [sanctioned party A].
[sanctioned party A] coinjoins, so does Bob. Bob opens a lightning channel to your node with joined coins and spends the entire balance over a couple of months on zaps. Closes the channel because someone else offers better ppm fees.
The cyberspook company that we shall not name will now report coin in your wallet as linked to [sanctioned party A]. Do you lose your right to self custody? All you did was run a lightning node.
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100 sats \ 1 reply \ @Cje95 20h
lol wait did you remove the org I commented on or did SN cause it makes a pretty big difference. I wasn’t talking about the little players I’m talking the hugely problematic terrorist orgs that under no circumstances should a US citizen be allowed to fund
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0 sats \ 0 replies \ @optimism 20h
I edited it, not SN. It is synonymous for those big players. Read [Sanctioned party A] as any address on the OFAC sanctions list, including any particular big player you want to mention but I don't wanna.
The problem is that your wallet will be associated with these sanctioned big players by the preferred blockchain analytics vendor of every US 3 letter agency in the scenario I just wrote for you. Most exchanges will confiscate your coin and close your account.
Let me write you an easier scenario: you sell Bob a brick of gold for bitcoin. On-chain. Bob sends you coinjoined funds. Your funds ARE tainted. Do you lose your right to self custody?
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