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Am I being crazy, or is this a worrisome thing: Spark, run by LightSpark, has ambitions to handle the "last mile" of a large percentage of all consumer-level BTC transactions. All traffic on Spark goes through one family (the Marcus family, who control both lightspark.com and flashnet.xyz, see screenshots below), and that family also runs a company that specializes in KYC and various forms of supposed "compliance" technology. Like, at a basic level, should we assume that all transactions through Spark will be subject to data-gathering and surveillance? And if so, is that cool or uncool? image

Replies (18)

Compliance is for those fine with being assimilated by the Borg. KYC regulations are a crime against humanity. I would never trust ANY family, or any products/services they offer, with my money or my identification documents. The ONLY way to practice safe KYC is for that to stand for Know-Your-Custodian! This one seems less than trustworthy, for our sats or our transaction history.
They could still burn tokens as one tries to use their service. Imagine you receive an ln payment selling ice cream but it doesn't get credited in your wallet cause lightspark thinks the sender was a terrorist. Imagine you buy 🍨 with such a wallet and your funds are gone but the recipient doesn't get them. Your wallet now accuses you of terror financing without telling you and you somehow have trouble boarding your plane home.
Call me crazy but I thought the whole point of spark was to inject a kyc packet into every transaction that leads the funds. The kyc comes into the receiver firste and either approves the incomings funds or not.
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