Post
Topic
Board Bitcoin Discussion
Re: Is the Lightning Network centralized?
by
Wind_FURY
on 19/06/2018, 05:03:46 UTC

LN Hubs will be 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.

What "LN hubs"? We have Bitcoin wallet services like blockchain.info that do not require their users to verify their identities.
Plus what if I run a Lightning node and many users happen to connect to me? "I will not enforce AML/KYC" will be my LN node name. Hahaha.

LOL,
You don't read much about the US Laws , do you?

Be sure to post what prison, they send you too and I will mail you a cake with a file in it.   Cheesy

And no it won't matter if you are not a US Citizen, if the US Gov can force the Swiss banks to comply, your resistance will be meager at best.
Good Luck with that LN hub.  Wink

FYI:
When you ask your Cell Mate's Name and he says Ben Over, that is not his name!   Kiss

There are 7,000 Lightning nodes. I want you to report all of them because they are not KYC/AML compliant and yet they are routing payments across the globe. If you want to go deeper, you can also report Bitcoin's full validating nodes. Haha.