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by somebodythere 1622 days ago
> Building on the blockchain does not indemnify you from following the relevant laws.

You are right. The relevant laws apply to money service operators and blockchain software developers, in most cases, are not money service operators. Software developers, in most societies, cannot be deputized to enforce particular uses or non-uses of their software.

> have you ignored all the ways nefarious people will use your app to do things that are absolutely something that should be stopped?

I think freedom to transact is as valuable as freedom to access information (uncensored, using Tor) and freedom to communicate (securely, using E2E.) In fact, the latter two freedoms boil down to the former. If you disagree, you are correct to not like DeFi.

> And I don't feel compelled to enable that feeling you had in everyone else either.

I know you don't, but I wanted to share the first time using a blockchain tech was more pleasant than using its traditional counterpart for me. Trying to convince people that "blockchains are useful" is not very compelling either. It's not my job, but I can spend hours on it with no benefit to me.

> So folks who do not want to divulge their social contacts literally cannot participate?

You are right that Zoom verification is a low level of verification. On BrightID today, you can be verified by a friend without having to divulge the identity of yourself or your friend to any blockchain, any application, or any other person in your social network. Using zero-knowledge proofs, the entire anonymous network graph can be hidden as well.

In addition, the only apps they cannot use are those which require anti-Sybil guarantees. Is "has 3 friends who will vouch for you" too high of a bar compared to "qualifies for and has a credit card"? If it is, is it bad to have the former as an option for those who cannot reach the latter?

ETA: government/institutional ID verification is a valid BrightID graph node as well, for institutions/individuals/applications which choose to use it.

1 comments

> You are right. The relevant laws apply to money service operators and blockchain software developers, in most cases, are not money service operators. Software developers, in most societies, cannot be deputized to enforce particular uses or non-uses of their software.

i think you're in for a rude awakening if you believe that, especially if you are financially benefitting or are advertising the software is useful for the prescribed purpose.

For example, people who sell malware get arrested all the time. People who run naspster got sued off their ass.