Ep. 168 "85 TB is Fine!"
On this episode of the Unhashed Podcast, Korean exchange Coinone restricts withdrawals to KYC’d addresses, Moxie Marlinspike of Signal App isn’t impressed by web3.0, mikeinspace cries wolf on Satoshi’s identity, Vitalik says 85 terabytes a year is just fine, and Mozilla’s fans don’t like crypto.
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange specified that crypto users could only register their own wallets, and the verification process “may take some time” and could change in the future. According to Coinone, it planned to verify users’ names and resident registration numbers — issued to all residents of South Korea — to ensure crypto transactions were “not used for illegal activities such as money laundering.” Customers at the exchange likely won’t be able to withdraw funds to wallets without Know Your Customer, or KYC, safeguards. This restriction also applies to the popular hardware wallet Ledger. – https://cointelegraph.com/news/coinone-will-stop-withdrawals-to-unverified-external-wallets
Despite considering myself a cryptographer, I have not found myself particularly drawn to “crypto.” I don’t think I’ve ever actually said the words “get off my lawn,” but I’m much more likely to click on Pepperidge Farm Remembers flavored memes about how “crypto” used to mean “cryptography” than I am the latest NFT drop. Also – cards on the table here – I don’t share the same generational excitement for moving all aspects of life into an instrumented economy. Even strictly on the technological level, though, I haven’t yet managed to become a believer. So given all of the recent attention into what is now being called web3, I decided to explore some of what has been happening in that space more thoroughly to see what I may be missing. – https://moxie.org/2022/01/07/web3-first-impressions.html and reply by Hearn @ https://blog.plan99.net/re-moxie-on-web3-b0cfccd68067 and fat jeff: https://twitter.com/fiatjaf/status/1479640618028707841?s=20
https://twitter.com/mikeinspace/status/1475097773557096456?s=20