Roman will appeal the judgement. I’m glad he’s fighting it so vehemently. Not sure how much hope there actually is but he’s risking even more of his freedom by not taking a deal and fighting.

I think I read somewhere that if the guilty plea is part of a deal, it doesn’t set precedent. Not 100% on that, though

It's a plea deal that the Samourai devs took, and that doesn't set a precedent. What it does, however, is empower the DOJ to really make an example out of them, because the Samourai devs are going through a humiliation ritual.

They are pressing xD .... better explained impossible

I think it’s an attack on KYC.

Don’t you think it’s necessary to have license ? To protect customer fund , in case some bad actor run away with your fund ?

When all Money service registered then it can made a database of business in which can be tracked in case some fraud , customer losing their fund , or bankruptcy. This is why registration is important . In my point of view .

And the wheel goes round and round, same as it ever was.

We should be more like Satoshi from now on.

Not exactly. They said "they came to know that some of the bitcoin moving through the service was derived from criminal activity, and they kept marketing and operating the service anyway." [1] The core issue of the case is that they were helping criminals commit crimes. If they just made a wallet ...

I mean loads of people do and seem fine? This case always seemed to be more about making an example out of people who went a bit far poking the bear in their marketing - or potentially a honey pot FED operation all along given how shit a job it did (and that was all about to end anyway so it outlive...

ego was the issue, if they would've been quite and let the feds do the marketing for them, we would have a different case.

It's official that as a dev you should be careful with your t-shirt choices

Is this the same racket they pulled on the e-gold business mentioned in The Genesis Book?

No, it’s not officially the law (yet) that developing non-custodial wallet software requires MSB (Money Services Business) registration. But regulators — especially the DOJ and FinCEN — are increasingly pushing boundaries, and there is a growing risk of legal interpretation that could go in th...

developing software vs. running software as a service

Legislation is pending that, if passed, will end the threat: https://bitcoinmagazine.com/news/the-clarity-act-heads-to-house-floor-for-vote-with-protection-for-noncustodial-tools-intact

They want all of us to route all bitcoin transactions through intermediaries aka banks

What I don't understand is why you (not you as a person) link so quickly and shamelessly the real identity (Photograph + Real Name) with a cryptocurrency wallet. Haven't you learned anything from the socialist countries, really? That's why I raise my eyebrows when they ask for my name and email to...

Just build it elsewhere

FUCK KYC

This is about coordinating transactions only. A regular wallet dev has little to fear I think.