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gabriel shapiro
@lex_node
attorney practicing cybernetic law @MetaLeX_Labs experience: BigLaw tech M&A & venture, GC & advisor to many DeFi projects
Joined January 2018
8.4K Following    78.6K Followers
@RAILGUN_Project and @0xprivacypools get flak for sanctions checks, but neither can freeze or take your funds without notice. RAILGUN: screening is client side, and a flagged shield can still unshield back to its origin. Confiscating funds would take a smart contract upgrade, which requires a RAIL vote--a form of public due process--with the exact calldata onchain 7+ days before execution. and no confiscation policy is currently contemplated. Privacy Pools: the ASP can withhold approval, which forces a public ragequit to your deposit address. Deanonymization, not seizure. to me this is the line of "permissionless but not lawless "...anyone can use these systems with no fear of funds seizure, but there are legal protections that may nerf certain features...
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