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439 sats \ 4 replies \ @TonyGiorgio 21 Mar 2023 \ parent \ on: 95% of zaps are from custodial wallets. We can do better bitcoin
So what? I'm sure @k00b doesn't want to be legally liable for being an unregistered money service business, to open himself up to hacks stealing user funds, to be responsible at all for their money, or to see every transaction coming in and out of each user account. It doesnt matter how much it is, its fucking 2023, quit telling people to use custodians.
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5 sats \ 3 replies \ @TheBTCManual 21 Mar 2023
He can just switch the backend to be an eCash mint, calm your tits
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10 sats \ 2 replies \ @k00b 21 Mar 2023
Do eCash mints mitigate any of the legal liability as far as we know?
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5 sats \ 0 replies \ @TheBTCManual 21 Mar 2023
I doubt it reduces your legal liability, only deniability of how users are storing and moving funds, maybe if was a federated mint with members geographically dispersed, it could, but I am no legal expert.
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0 sats \ 0 replies \ @xanny 22 Mar 2023
Running the site from a corporation registered in Belize would.
I’m not even memeing. Sideshift, Exch, and so on are Belize corporations.
Good country to run a non-KYC crypto platform especially when no fiat is involved.
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