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06:02 < bsm1175321> While bitcoin just removed BIP70 and the last vestiges of OpenSSL, I'm seeing a lot of activity in the institutional space to bring it back with a vengance in the form of "compliance with the Travel Rule".
06:03 < bsm1175321> We're unlikely to convince governments to allow bitcoin providers to not comply with the travel rule.
06:04 < bsm1175321> As such, does anyone have any clever cryptographic ideas that might allow providers to comply with the travel rule while not creating moral hazards?
06:04 < bsm1175321> (e.g. naive implementations could easily create a "walled garden" or honeypots of data for extortion, or lead to miners censoring transactions without travel rule data)
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08:46 < Dean_Guss> bsm1175321 what does bip70 have to do with the travel rule?  nothing afaict
08:47 < Dean_Guss> also regulated entities (exchanges, etc) are the ones who have to comply, not the bitcoin protocol
08:47 < Dean_Guss> and they have all the tools they need (private databases) in order to comply
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12:34 < ethzero> <bsm1175321>  What is the travel rule and how is it related to OpenSSL?
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13:11 < gmaxwell> Dean_Guss: when they make a payment from one eachange to another they want to send user data. Bitcoin provides no facility to do this. Which is fine with me.
13:12 < gmaxwell> The regulated exchanges have mostly been bad actors in the Bitcoin ecosystem, so if they expect free labor from volunteer open source developers they're going to be waiting a long time... particularly when it's for initatives which are detrimental to personal freedom and privacy.
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13:38 < ethzero> So it is not so much openSSL as BIP70?
13:38 < ethzero> since BIP70 depends on openSSL
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13:50 < gmaxwell> ethzero: getting rid of BIP70 with its x509 and https requirements was hurried on by a desire to ditch openssl.  Otherwise, BIP70 wasn't very useful or used, but there probably wouldn't have been that much interest in taking it out either.
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14:44  * azdrianz[m] uploaded an image: tenor_gif4232116343959568231.gif (29KB) < https://matrix.org/_matrix/media/r0/download/matrix.org/VhaeKTnNPVNAfYGepWhRQMES >
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17:01 < bsm1175321> The structure of what they're proposing very much mirrors BIP70, which is why I bring it up.
17:02 < bsm1175321> It's in no one's best interest if they end up creating a "walled garden" of utxo's/addresses, but your point about volunteer labor is taken gmaxwell. Just wondering if anyone here had thought about it.
17:03 < bsm1175321> ethzero: the travel rule is a regulatory requirement that financial transactions be accompanied by identifying data about the beneficial party, usually the name and address of the owner of the funds.
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--- Log closed Wed Dec 11 00:00:33 2019