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Friday, May 24, 2024

John Deaton on his Senate Race With Elizabeth Warren

At yesterday’s listening to, she was asking the deputy treasurer questions on if a validator is in Iran, someway meaning Iran is making thousands and thousands of {dollars}. Now, you and I and everyone studying this is aware of {that a} validator might be anyplace. It might be in Iran, it might be anyplace else on this planet. That is what’s a decentralized distributed ledger system is. However a validator would not get money. If something, a validator might receives a commission within the native asset of the community, whether or not it is Bitcoin or Ethereum, however then you must have an off-ramp. And the off-ramps and on-ramps are the exchanges, and so they already adjust to AML/KYC.

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