Quote from: DooMAD on June 18, 2018, 11:39:17 AM

Quote from: Zin-Zang on June 17, 2018, 08:01:40 PM

required at the least to report as a money transmitter at worst as a banking institution.
The expenses for these will make it so very few actually run a hub once enforcement of the AML/KYC regulations begin.

You sound like a flat-earther or anti-vaxxer. Tinfoil-hat-wearing conspiracy theorist type. Repeating the same unfounded, delusional, reductive reasoning because you have no substantiative arguments. You can say it as many times as you like, but it's no more likely to occur than KYC/AML for on-chain nodes. You're still enabling payments to be processed by validating them if you run a full node. In which case, BCH will come to an end before LN, because LN has more nodes than BCH and will be more difficult to pursue. Clearly every single person running a Lightning node right now thinks you're talking nonsense, otherwise they wouldn't be running one.

Reports suggest that something like 20% of all internet activity is related to piracy and no regulators have managed to stop that yet. They'll have the same or less success with Lightning, since I get the impression that torrenting is easier to monitor than the act of signing transactions is. If you torrent without a proxy or VPN, there are websites that can tell you how many files you've downloaded, but there's no way of recording how many Lightning transactions you've sent or received, because that information isn't public. I wish the regulators the best of luck, they're going to need it.

Were you born that stupid or do you have to work at it? Cheesy

https://coinidol.com/bitcoin-exchanges-must-comply-with-us-laws/

https://kyc360.com/article/compliance-kyc-link-exchanges-banks-mass-adoption-bitcoin/

Quote

Bitcoin exchanges, miners, and cryptocurrency-
payment processors, operating in the United States are required to comply with federal Anti-Money Laundering (AML) laws.

That means a cryptocurrency user can be prosecuted for violating a number of federal laws.
Anybody who converts BTC to USD and sends the money to or from the United States must comply with all AML laws and regulations.

Such laws and regulations are imposed by the U.S. Treasury Department affiliate, FinCEN.
The Financial Crimes Enforcement Network is in charge of enforcing the policies and regulations, which serve as a security measure for conducting any financial activity within the U.S. borders.

All money service businesses, including Bitcoin exchanges, come within the provisions of these laws and guarantee a strong bank secrecy, as well as money laundering control.
In the case a financial organization fails to abide by the policy, FinCEN is entitled to recourse through competent legal authorities like the FBI or the U.S. Secret Service.

Quote

According to the U.S. Government,
digital currency trading is regarded as electronic money transfer, and thus cryptocurrency exchanges need to follow Anti-Money Laundering laws.
That means any business that engages in bitcoin or ethereum mining, money transfers, trading or currency exchanges will need to file the appropriate paperwork via BSA E-Filing

** If your hub processes a transaction where you send LN funds overseas and at the end ,
when those LN funds are redeem for bitcoin and those bitcoins are exchanged to fiat or physical items,
then you just became a money launder according to US Law. **
Do I agree with this insane authority the world governments have given themselves , hell no,
but I do recognize it will get someone throw in jail for ignoring them, answer is yes.

Next you say, you hide your IP address, with tor.
Tor has been compromised for years, the US Navy was the original designers and only released it after realizing all of the ways to bypass it.
But good luck trying.

You should start looking for a lawyer now and start a payment plan for when they bust up in your living room.

FYI:
That other LN hub might be the FBI recording your transactions for their appending arrest warrant.
They do shit like that all of the time.
https://www.nytimes.com/2014/11/16/us/more-federal-agencies-are-using-undercover-operations.html