Regulation in the era of liquidity nets

The government considers tells you to volunteer for honest tax accounting. You can refuse and do battle with government forensic bots.

Otherwise, the rule is simply, come up for air now and then and register your accounts with Swift. Or, otherwise, put the Swift FDIC banker app in your iPod.

In the former case, the trader comes up for air and gives up the value of four or five accounts, no more accounts than the colors in the channel.

Like: deposits, loans, price risk, long term holdings. Enough to satisfy the IRS bots. If you use the full Swift bankers app, then you have already complied and reported, you are ok, it is contract bound, voluntary, honest. The Swift bankers are a net, a lot like a net of trusted miners, and they can validate things locally for a long time; and have a low scofflaw flow. All the compliance officers swept away, gone. The internet suddenly less jammed, more intelligent.  Government agencies operate with much lower interest charges. Swift has a lot to offer the sandbox, good stuff.