You can't really expect theymos to break the law. This comes to mind:
Maybe Bitcoin will be banned in the US someday, and then I'll have to either shut down bitcointalk.org or find a way of moving it to some remaining territory of freedom in the world. That's the problem with centralized forums. I wish that more work was being done on creating decentralized, uncensorable, but also usable forums. I would love nothing more than to be able to shut down bitcointalk.org due to some decentralized solution making it obsolete. Find me a 501(c)(3) nonprofit working on this, and I'll donate to it.
I still do not see the presence of mixers on the forum as a violation of the law.
Kucoin founders were recently indicted for not having KYC implemented. Is this an alarm for theymos to start banning all no-KYC services from the forum?
As far as I know, Kucoin is much more important in the crypto ecosystem than the mixers that caused the ban decision.
This forum is slowly turning into Gamblingtalk.
it is federal law and is a felony to receive 10000 usd worth of any crypto without reporting full kyc to the feds.
That sounds like an impossible law to follow. You have a Bitcoin address in your profile.
Anyone can send you $15000, and you'll have no way to find out who it was. Then what? It's the digital equivalent of throwing a pile of money in the mailbox of a random house.
Aren't all money transfers over $10k, regardless of origin and whether cash or crypto under the radar of federal authorities?
no I can buy a lot of gear with a cc say 20K and no issue.
I can buy a lot of gear with a check say 30k and no issues.
Now 10 k cash or 10 crypto is equal and I need full kyc from the entity that sent me the cash or the crypto.
This is a hard ship for medium size miners like me.
Yeah a good year I get 20-30k a month sent by the pool. I have to report it on a special form within 2 weeks or a felony.
So I really get more paperwork.
I also do not have guidance on what if avoid the 10k limit. I do 4k a week or 5k a week rather then wait for a month to move 20-30k a month.
All of this would apply to all mixer coin coming to you in the usa.
No guidance on doing 1 or 2 or 3 k a week from a mixer as to whether you are breaking the 10k rule. The US is a reporting nightmare for a guy like me. I do over 100k in coin year after year as high as 300k some year.
My profits are about 50% spilt 4 ways.
So a 300k year means 4 guys split it and they split 150k after expenses.
So for a shitty $37.5k in my pocket I may end up doing 12 or more felonies a year. Thus I ended my mining partnership.