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saw Andreas' new video and in that he brought up a point that I found very intriguing and got me to think in a new way. His idea is that "if there is a way to censor something then it should be censored according to the regulators". This was in context to covenants. If there is a way to whitelist or backlist to which addresses funds can be sent to i.e constricting the utxo to only allow (or disallow) certain addresses, then there will be regulatory pressure to do so. Right now we can say there is no way to whitelist addresses, but if there is, then it becomes a target for the regulators. Although, this is a very subtle point but worth considering. I personally thing that it's not really a big deal to allow such covenants. But having recursive covenants there is still space for things to go wrong. I believe more testing needs to be done before we get this out. Again Jeremy has been waiting a year, and he seems to be running out of patience, but hey you can wait another year or two, have a long time horizon, get more people onboard the idea and spread awareness - which I know are very hard to do. But maybe by taking this controversial decision of SpeedyTrial, he sort of got people talking. Is this is his secret marketing trick ;)?
Can you drop the link to the vid? Would like to check it out and keep the thread hot lol
So who would be doing the whitelisting exchanges? I don't see that as too much of death punch, it might be an issue with fungibility until we have more privacy like coinswap or stealth addresses but wouldn't that also impact their business
If you can only deal in white listed coins/addresses, your market shrinks while the exchanges that don't will service them, it might also help push for more P2P and DEX solutions, which I don't see as a bad thing.
I'd personally love to see more liquidity on P2P markets competing for orders, so I don't have to pay over the price, but that's just me being selfish
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if there is a way to censor something then it should be censored according to the regulators
He also have an old video where he says: "...what is wrong with the government..."
In the same context: people should be worried about their OWN OBEDIENCE to a gov, not about what a gov will do. STOP BEING AN OBEDIENT SHEEP and put the gov where it belong: to serve YOU as you wish.
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