Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by jbob2000 on Tuesday May 22, 2018 @04:37PM (#17129226)

That is a dangerous position to put yourself in. AML and Terrorist financing laws make everyone responsible, you generally cannot claim innocence if you take no precautions and are involved in some kind of incident.

Good luck.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by seibelj on Tuesday May 22, 2018 @06:49PM (#17130077)

No, this is akin to building a protocol. The creators of HTTP are not in trouble when someone uses the web for illegal activities.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by jbob2000 on Tuesday May 22, 2018 @07:42PM (#17130402)

HTTP is not intrinsically tied to finance, though. This is specifically a protocol for financial transactions, for sure it would fall under AML laws.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by seibelj on Tuesday May 22, 2018 @08:24PM (#17130585)

I’m sorry but you are mistaken. I think you should research this technology more.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by tango24 on Tuesday May 22, 2018 @10:26PM (#17131077)

Are you a finance law attorney? This is marketed as a financial protocol. Completely different than HTTP.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by seibelj on Wednesday May 23, 2018 @12:36AM (#17131503)

An RFC and source code does not constitute participation. That is dharma at this point.

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