Quote from: The Sceptical Chymist on Today at 01:01:47 AM

Quote from: BenCodie on December 04, 2023, 09:18:22 PM

One benefit of allowing advertising of these campaigns (that will become clearer from the ban forward) is the force of good practice on services by holding reputation as collateral in exchange for advertising. Services can not steal from users or do so on an isolated level, they could not be unfair to users in a subtle way, and they must do as the service promises and no less, or else the service will immediately face negative attention from the community.

Just thought I'd address this point--it makes total sense that a business would try to remain honest if they face reputational damage should they not do so. The only problem is that there could be shady shit going on behind the scenes that no one outside the advertiser knows about, and it's not until either they get caught or pull an exit scam that they face the blowback, and by the time that happens they couldn't care less what members of this forum write about them.

Similarly, there are a lot of reasons why corporations should do things, but sometimes they don't. It could be because of greed, incompetence, or whatever, but in the world of crypto it's damn hard to predict what a project/exchange/business is going to do or why.

I hate the ban on mixers on principle, but I see Theymos's side of it as well. Try to fight the government and you're guaranteed to lose or go broke trying--and AFAIK mixers aren't illegal yet, but I'm guessing Theymos is anticipating that that's where the US government is going.

Yeah I have lived in the USA and the laws are complex and vast.

50 sets of state laws
Hundreds of county laws
Thousands of city laws
and federal laws.

on three levels tax, criminal , civil.

I am at my desk looking at 45 plus federal tax books which are just for some of the federal tax laws.