[acdha]

Again, my point isn’t that the state of executive powers is great but rather that magical thinking about technology won’t solve them.

Moving real money into Bitcoin will leave a paper trail, as does moving it out. If you don’t disclose that or surrender control when required by law, they’re not going to just give up — that’s more like jail time until you cooperate (money laundering is an obvious lever), and most other countries will go along with that. Similarly, companies which are trying to be legit aren’t going to touch tainted bitcoins since they don’t want to be pulled in as accomplices.

[IIAOPSW]

>If you don’t disclose that or surrender control when required by law, they’re not going to just give up.

But its trivial to manage several separate financial persona's (wallets) and generally amortize yourself against losing/revealing everything.

>and most other countries will go along with that.

Countries within the Western sphere of influence sure. Just look at how the US got that BTC-E Russian on holiday in Greece. But consider the fact that some countries have more to gain by destroying US financial hegemony than they stand to lose by their own citizens petty crime. Russia makes bitcoin completely unregulated. So you try to contain the problem by blocking Ruble/USD exchange. Then China follows Russia's lead. Now you contain the problem by blocking RMB/USD exchange? Pretty soon you've locked so much of the world out that really all you've done is lock yourself in.

In the near future there will be so many leaks that the US and the West in general doesn't have enough fingers to plug every hole.

>aren’t going to touch tainted bitcoins

Monero

[acdha]

> But its trivial to manage several separate financial persona's (wallets) and generally amortize yourself against losing/revealing everything.

How does money enter or leave those accounts? If you started with real money, converting it into Bitcoin leaves a paper trail and it’s on you to show where it went for any non-trivial amount.

If you received Bitcoin, attempting to spend it has the same problem – if you didn’t disclose it, that alone has hefty penalties.

The other point to remember is that everything people describe looks really bad if there’s any hint to clue an investigator in. Most people are going to have some slip and this will all be used as proof of intent.

[mycall]

> Moving real money into Bitcoin will leave a paper trail, as does moving it out.

That will change with the Lighting Network.

[acdha]

If I have $50k in USD, how can anything avoid leaving a paper trail when you convert that to something else?

[vageli]

In person transactions have no paper trail if you don't want them to.

[acdha]

At that point, why not use cash? You’re already restricting yourself to small amounts and avoiding major purchases, so what does adding a cryptocurrency give you?

[Frogolocalypse]

> why not use cash?

As as been repeatedly demonstrated to you, holding cash is unsafe, because it can be seized by the government without you ever having committed a crime.

> what does adding a cryptocurrency give you?

As has been repeatedly demonstrated to you, you have protection from it being seized through the insidious civil asset forfeiture procedure.