03:33:23 wtf do you need all that for :O 03:42:01 I have spent the last two days structuring this for haveno getting on the app stoes and it's a fucking headache. It's technically not crypto activity if it's decentralized, crypto activity is referred to you being custodian to crypto assets, 'exchange' only applies to your company making the exchange. The rules are different for google and the law though, google just consider anyt 03:42:02 hing that is to do with crypto as crypto whether it is legally defined or not. I found a way to use a stack of shell companies to provide anonymity and privacy to the volunteered 'stakeholders' its a pretty cheap structure if you dont want to be anonymous, but it like $1200 per board member per year to add the anonymity factor. It's massive overkill for an app that would actually 03:42:04 yeild the structure any profit... I was going to make a CCS proposal for it but tired af now. 03:42:34 Incorporated in the US? 03:42:44 You read to quickly it creeps me out 03:43:01 I've been told that I read extremely fast 03:43:11 Every time you just shoot right back like a bullet 03:45:43 It involves a offshore UK company (potentially with a UK crypto lisence they are one of the top accepting countries) but there is no privacy, for that, you'd need a marshal islands shell company to have voting rights on the UK company for each baord member that wants privacy they must register themselves a marshall islands company 03:45:52 Interesting 03:46:04 I think LocalMonero was doing something similar 03:46:26 but really this is only privacy in the context of the general public, perhaps certain governemnts could still aquire your data 03:46:33 Yeah, of course 03:46:43 so that's it really no other way 03:46:46 Answer is yes, not perhaps 03:47:25 This is actually good knowledge to know. I'll read the law there at some point regarding this 03:47:26 To keep in mind 03:47:37 well idk I have friends who have a ton of cash in marshall islands companies that their shouldnt have there and still, they roam free :) 03:47:39 Not sure what went through my head. "good knowledge to know" 03:48:00 Not for illegal activities I mean, for legal ones. Privacy for the incorporator 03:48:31 yeah will i know for a fact illegal they just turn a blind eye 03:49:05 unless it's terroism related or something serious 03:49:22 I don't endorse any illegal activities 03:49:29 Who does? 03:49:42 Just saying it 03:49:58 Oh as like a disclaimer 03:49:58 But interesting to know about Marshall islands 03:50:00 But interesting to know about Marshall Islands 03:50:18 I stick to the law, otherwise I wuldnt have bothered spending so long on it 03:50:54 my disclaimer and justification 03:51:49 You should document this 03:51:52 A tutorial of some sorts I guess 03:52:34 https://offshoreincorporate.com/marshall-islands-ibcs/ 03:52:36 Guess it already exists, no need then 03:54:21 LocalMonero however, you mentioned, was alegedly money laundering though and /or misappropriating illegal funds 03:54:41 Really? Do you know anything? 03:55:13 Alex would not say anything 03:55:20 It's a perfectly reasonable assumption to make but no, I don't 'know' anything 03:55:30 Oh, okay. Silly of me to ask 03:55:46 Fed just joined, probably going to do something... 03:57:21 Even if there was just 1 transaction that was fraud, they assisted in money laundering whether they knew it or not, by not being FCA approved doesnt do them any favours, but you cant be FCA approved unless you use KYC 03:57:31 Yeah 03:57:49 Pretty much impossible to prevent that 04:00:34 so in context, all the risk takers for haveno are the seednode operators and arbitrators which are abstract from the mere GUI client itself, despite this, it still poses a challenge for an app store listing 04:04:11 but with a well written understanding of this concept should help the app stores accept, that it's 1 not a custodial wallet, which does require licensing (non custodial do not), as least on the UK legislation and 2, no exchange of value is happening between the software company (us as software publishers) and their end user. Therefore should in fact be compliant with their terms a 04:04:12 s I have read them in full. 04:04:45 but trying to explain this idea toa reviewer whos first language is perhaps not english is difficult :) 04:05:59 I wish I just spent the time putting that in a blog post or reddit thread for discussion instead 04:06:25 this channel is fucking dead dude 04:06:34 Not during meetings 04:06:46 Europeans are asleep right now 04:06:50 even in meeting 04:06:52 Mods are asleep! 04:06:57 pffft 04:06:59 im euro 04:07:10 Oh. I just checked Prague time, it is 5am 04:07:34 they have good crypto laws too 04:07:59 el salvador too but high tax 04:08:04 dubai but no monero 04:08:17 We'll see how US policy changes as Trump took office 04:08:21 AFAIK he is pro-crypto 04:08:32 course it he is 04:08:39 he's a businessman 04:09:14 larry fink wasnt pro crypto until he could get a change to setup an ETF 04:09:25 larry fink wasnt pro crypto until he could get a chance to setup an ETF 06:16:46 Yeah the hard part is that if it requires yearly fee the company needs to be profitable. I just want to ask lawyers if I make it such way that in no way money enters temporary wallets and goes directly to merchants wallets, maybe then it doesn't qualify as money services business/VASP, so I won't need a license so just UK/Singapore/Estonia might work I believe? Though to accept ET 06:16:48 H with good UX I need to use a wallet pool of unique addresses, so technically it can be qualified as "touching" the money. But with all other currencies I'm all good 08:00:03 Revuo Monero Issue 217: October 31 - November 7, 2024. https://www.revuo-xmr.com/weekly/issue-217/ 12:17:30 Localmonero was in the plat store, wasnt it? 12:26:08 Yes and still is I believe 12:26:13 but doesn't work 12:26:26 You can;t trade anymore, they seem to be hibernating 12:26:40 Who owns it, does anyone know? 12:26:57 Does he float around in these ponds? 12:27:24 Perhaps from the shadows 12:28:10 MoneroKon dates confirmed for 20-22 June 2025, being held @ La Fabrika/Second Culture (previously known as Paralelni Polis) 12:52:38 Alex, yes he's here 12:53:04 Alex | LocalMonero | AgoraDesk: 13:09:33 🧐 13:09:41 Interesting 13:11:04 Wanna spill the beans? Sounds like an interesting story for the blog :D 13:13:12 I've keen eye on Ross Ulbritch though, I would do anything to interview him even reveal my face on camera... 13:15:14 Why interview another drug dealer and convicted murderer? 13:15:46 Hes not convicted of murder 13:16:06 Those charges were dropped 13:16:12 Did he not hire hitmen to kill people? 13:16:34 ^ 13:17:19 Thats what the news said, not what his convictions say 13:23:16 You're absolutely correct 13:24:02 I haven't had a chance to catch up on the news and updates in a while 13:24:28 I don't watch or read the newd 13:24:54 I get my updates from monero-community 13:26:32 Oh 17:10:18 https://x.com/ilovepoker/status/1265828462348038145 17:11:20 ^ this is the man Ross supposedly ordered a hit on. it appears he’s more afraid of the crooked DEA agent than Ross 17:42:09 We're closed. You can use the web app to login. 17:42:25 Oh, Alex, you're still here 18:13:08 Was it basically as close down now, or we’re taking you in kinda deal? Alex | LocalMonero | AgoraDesk 18:14:42 Nevermind if it’s a touchy one :P 19:58:40 It's a touchy one 20:00:12 👀 20:00:28 Theres an echo in here 20:02:58 touchy 20:03:31 reminds me of my uncle when I was like 5 20:19:12 He echoed a lot? 20:20:20 yes, exactly