The Sat Standard - February 1st, 2020
Abolish the Bank Secrecy Act. Have some self respect.
Thought of the week from Marty Bent:
Abolish the Bank Secrecy Act. KYC/AML laws do provably way more harm than good, they burden businesses with unnecessary compliance costs, and when the elites break these rules nothing happens to them. People shouldn’t have to constantly feed insecure third party databases their social security number and exactly where they live. Time for the authorities to roll up their sleeves and do some actual detective work.
Thought of the week from Matt Odell:
Every text, email, call, photo, payment, search, location - nearly every facet of our lives - collected, indexed, and stored insecurely to be used against us at will. We live in a world where relatives voluntarily add their DNA samples to growing databases and friends pay Amazon or Google to wiretap their houses. This is not acceptable. We must push back. Have some self respect.
TOP STORIES
Whiskey fueled discussion of the topics every week on Rabbit Hole Recap
- Bitcoin Optech #82
- Jack Mallers releases Strike: pay any lightning invoice seamlessly with your connected bank account
- Payswap privacy proposal
- Knapsack privacy proposal
- Paxos flags account that used Wasabi Wallet for previous withdrawals
- 6102bitcoin on CoinJoin flagging
- Matt's thoughts on Paxos incident
- Wasabi Wallet removing fixed fee address due to recent flaggings
- Cryptocurrency Indicators of Suspicion (CIOS) Working Group aka Project Participate
- KYCP.org updated
- Parker Lewis: Bitcoin obsoletes all other money
- New Chaincode podcast series
- Casa founder Jeremy Welch stepping back for personal reasons - Nick Neuman and Jameson Lopp to take the lead
- Casa will no longer sell nodes. Code will be open sourced so users can build their own. Gold tier multisig service price reduced to $10/month.
- Casa teases coldcard support for multisig service
- Bitmex Research: 28% of lightning channels are likely private
- See what's in a lightning invoice: LightningDecoder.com
- BIP BIP Hooray
- Contribute to open map data, win bitcoin
- Protonmail and VPN blocked in Russia
- Track internet censorship in real time
- Wawa PoS malware compromises 30M+ customer credit cards
- Avast AV has been harvesting and selling user data
- Ring Doorbell Android App Packed with third-party trackers
PODCASTS
Matt Corallo and Val Wallace from the Square Crypto
- How Val came to work on LN
- How Square Crypto chose Lightning Development Kit
- What LDK would do for developers building on LN
- Having a team able to focus on a singular open source project
- Are we pawns?
- Bitcoin fee elasticity
- Dev funding
- Stratum v2
- Probability of Bitcoin's success
- Follow Matt on Twitter
- Follow Val on Twitter
Wringing Of The Rag
- Monday - Issue #660: The facade of control is gone
- Tuesday - Issue #661: Regulators hate privacy
- Wednesday - Issue #662: Bitcoin, a dirty little secret
- Thursday - Issue #663: Reminder Thursday
- Friday - Issue #664: Accountability - where the hell did it go?
