I suggest that Bitcointalk ban all Defi platforms as soon as possible, and wordfilter their domains, why wait for a verdict and risk the forum being identified as a place where such services are desirable?
DeFi was supposed to stand for "Decentralized Finance". If they can be shut down, they're not decentralized and don't deserve to use that name.
Mining is also supposed to be decentralized and yet, we see people closing down their farms...
yep I am too big and too small at the same time.
big enough to be hurt by new usa law but too small to self mine and simply report kyc on me.
We had 1.4 million infrastructure and gear.
800k solar and 600k gear.
the owner of the warehouse will mine by himself and stay under the 10k numbers by exclusively using nicehash.
he could run into an issue if btc moons. he earns about $3500 a week and coin is sent weekly.
he is not so sure if he will be bothered under the 10k rule by taking a weekly payout.
If my gear was there we would be at $7000 a week which none of us felt safe to under new laws
its easy if you are doing $10000 plus a day as you certainly will get better treatment from pools
but if you just squeak out the 10k weekly or monthly pools may say no.
my smaller foot print will allow me to be well under cut off numbers.
but you force 1.4 million invested to sell off and reduced with new laws.