Lightning service providers, coinjoin coordinators, lightning nodes, these are all DATA services. They do NOT have control over the funds.
Lightning nodes do not pass a senderās funds anymore than a Newtonās Cradle transmits steel balls from one side to the other.
The current reasoning of American wannabe-tyrant regulators is to require KYC and journalist licensing for every single person who starts a website or creates a social media account. Or a broadcasting license for everyone who has a router in their home. Itās beyond idiotic, itās dangerously foolish.
At no point do Lightning nodes or mixing coordinators have signing power to steal a personās funds, at no point does a whirlpool mixer sign the transfer of funds on behalf of a user. The regulators have GROSSLY overstepped their bounds because they are afraid of a future where they are less relevant. This is greed, plain and simple.
Iām looking for anyone who understands and can tackle the logistics and targets for a class action lawsuit. We MUST have language that non-custodial data services will NOT be treated as money transmitters and required to get licenses, our users at incredible risk, expose private and dangerous information, and create a honeypot for hackers, malicious govts, corporations, and every other problem weāve seen clearly manifest in the absurd environment we find ourselves in.
This is 1000% the horse and buggy industry lobbying to have a person *walk* in front of the automobile with a red flag, because they are afraid of the future & are too incompetent to understand that they will kill and entire industry and ruin the future of this country that already has so little hope left.
The cypherpunks, barely a few hundred, won a lawsuit against the FBI to stop the classification of basic cryptography as a military munition. If they can do it, we should be ashamed to not even make the move.
I am unfortunately unfamiliar with this area. Who knows how to move forward with this and where the cleanest target and goal would be to have the highest chance of success.
When a bully and a childish fool hits you on the playground, itās time to hit back.