Re: Regulatory Considerations running an ILP node (Re: [Ledger] Bootstrapping Interledger)

>  That is the fundamental weakness of an open system like Interledger. The
regulators will never allow a regulated node to connect to the unregulated
nodes.

Does ILP need a low barrier to connector participation to succeed?

Desktop devs like myself need a way to handle payments without tying into
specific providers (paypal, stripe).
I'm hoping there's enough end-user demand that the incentives for a
connector exceed the regulatory costs.


On Thu, Nov 10, 2016 at 5:08 PM, Ken Griffith <kengriffith@gmail.com> wrote:

> > The value being traded exists somewhere at all times and its location
> > and owner must be known at every step in the transaction.
>
> That is the fundamental weakness of an open system like Interledger. The
> regulators will never allow a regulated node to connect to the unregulated
> nodes.  Maybe in 50 years this will be possible.  But the world we live in
> today is bogged down with AML rules.
>
>