the $10,000 KYC reporting limit for financial transactions started in the Bank Secrecy Act of 1970 and has remained unchanged despite rampant inflation

CEO of Mid Curve Capital. Building @daosdotworld

tying legal dollar amounts to fantasy CPI numbers is redacted as well, but at least it doesn't make a mockery of a bank "secrecy" act

ofc bank "secrecy" was never the intention

5 follow ups on ending crypto offshoring:

1️⃣ What about tax?
2️⃣ Aren't Public Benefit Corps and Foundations similar? 
3️⃣ Is there a role for foundations going forward?
4️⃣ What about foundation-only models?
5️⃣ Don't DUNAs face the same issues as foundations?

Full article: https://a16zcrypto.com/posts/article/faq-end-foundation-era-crypto/

You should connect with milesjennings, who said: '5 follow ups on ending crypto offshoring: 1️⃣ What about tax? 2️⃣ Aren't Public Benefit Corps and Foundations similar? 3️⃣ Is there a role for foundations going forward? 4️⃣ What about foundation-only models? 5️⃣ Don't DUNAs face the same issues as foundations? Full article: https://a16zcrypto.com/posts/article/faq-end-foundation-era-crypto/'