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Concept of how people access the clearnet to use smart contracts needs to be fundamentally rethought

<!-- SC_OFF --><div class="md"><ul> <li>Siacoin/Filecoin/Lume/s5/IFPS-- distributed p2p storage,<br/></li> <li>Holepunch and Libp2p essentially torrent tech append only public pgp hash p2p technology</li> <li>axion network-- opensource Zk coprocessor compute ,<br/></li> <li>kyve network--open source data repository for block data, and<br/></li> <li>akash network--open source p2p cloud compute, and<br/></li> <li>Near because its a --blockchain operating system </li> <li>Lavanet or Pocket Network --RPC</li> <li>HNS/ENS</li> <li>Graph OS or Urbit</li> </ul> <p>What I'm suggesting is basically have no true centralized component of a front end, and the abandonment of any centralized server use, no centralized indexer, very strict legal limits to dao, little to no multisig outside multisig to proxies, no use of Icann, no use of DNS, no hosted front end code ever, only client side execution of modular front end access based on FOSS</p> <p>Onchain KYC is far more possible than you believe, it is very well backed up with metadata in the ecosystem, money flows from exchanges to exchanges, and their hops, are just raw data harvesting.</p> <p>Sadly the legal complexity of explaining to the industry of how much trouble they really are in, has proven to simply be too complicated for the legal layman. </p> <p>Wallet Connect just put geoblocks on its software for various countries, the IRS is demanding FOSS provider become custodian to retain taxes, they're demanding people become custodian to obtain doxx, and demanding every other country do it to appease them, section 311 of the Patriot act largely just reenforces this with extra misery for privacy features and anyone who did anything remotely private, plus it basically fraudulently presumes that many or most defi protocols are private transaction graphs. </p> <p>I tried, I really tried, I made a post, you can check my historical post where I *do have links to these legislation proposals*, but the sad fact is it too much for the layman, the legal counsel for crypto startups has to just scream into the void on this, it's a slow train wreck.</p> <p>Of course Elizabeth Warren is on her latest capitol hill hearing calling for the outright illegalization of self custody.</p> <p>It's worth noting that the privacy advocacy groups and Linux FOSS and encryption advocacy groups could be the biggest help for crypto and ai right now but aren't because of "cultural differences".</p> <p>Divided we fall, indeed. </p> <p>The investment broker amendment act of September 2021 for IRS 6050i is basically a milder version of the Treasury Proposal for 6045, the outcome is the same -- DeFi frontends are expected to withhold money in a custodian and collect doxx info for every country in the world, and block long lists of countries, dozens of them, it's also a de facto ban of americans from using anything, the patriot act amendments by FinCen add extra restrictions and demand even more paperwork and even more doxx info. </p> <p>The Privacy Pool stuff is just a nightmare in the making, because of course they get the association set data from the chain analysis companies.</p> <p>and of course ultimately, absolutely none of this is constitutional under the 1st or the 4rth amendment, nor are the encryption bans, the speech laws, the restrictions on ai, the restrictions on FOSS, but that isn't going to stop them clearly. </p> <p>Right now being perceived in any capacity whatsoever as a third party to a two party transaction is extremely dangerous, it includes most of what we understand as daos and multisigs and frontends, relayers, indexers, rpcs, sequencers, validators. </p> <p>and all the meanwhile this is quickly heading towards being something that can easily be mandated onchain, the numerous ways to engineer onchain doxx to compel smart contracts to block dozens of countries, which is absolutely what the ultimate goal of the united states and Elizabeth Warren is, which the tech in Privacy Pools illustrates as a prototype. </p> <p>So you really don't want to be in that position, you don't want the frontend, middleware, or backend infrastructure to require a custodial team or active management team of doxxed people, you want it to function like bittorrent.</p> <p>​</p> <p>​</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/samdane7777"> /u/samdane7777 </a> <br/> <span><a href="https://www.reddit.com/r/ethereum/comments/17kupht/concept_of_how_people_access_the_clearnet_to_use/">[link]</a></span>   <span><a href="https://www.reddit.com/r/ethereum/comments/17kupht/concept_of_how_people_access_the_clearnet_to_use/">[comments]</a></span>