With localmonero shutting down, what would be the challenges of creating a federated version of localmonero? Traders and buyers can have accounts at different servers but still be able to trade each other and see each others’ listings.
The pros i can see are: It would be harder to stop without a single point of failure, and brave server maintainers can host their services in different jurisdictions to prevent legal troubles. And it would be very difficult to prosecute server admins, as they aren’t the creator but merely hosting a site.
I’m thinking, only the prosecutors in america will go for this. Other jurisdictions have different laws and are more lax with the money transmission laws.
All other countries will do anything america tells them to do since they have the power to turn off their financial system.
Going forward any activity that threatens the bankers should be done on unstoppable decentralized services that use tor and or I2p. There should be no IP address associated with any server that they can go after.
The world is a large place and there are places where Uncle Sam’s grubby hands cannot grasp.
Yes, a federated localmonero instance can have i2p & tor mirrors.
The bottom of the Mariana trench?