[plywoodtrees]

"uncensorable" is a euphemism for "enables fraud, black markets, money laundering, and extortion".

Although there are some cases under oppressive regimes where black markets may be a moral good, on the whole enabling financial crimes is, in my value system, bad.

Furthermore I think regulatory systems will eventually move against this - in fact you see it starting. See https://doomberg.substack.com/p/a-stablecoin-applies-to-beco...

[miracle2k]

Child pornographers everyday use encrypted messaging and Tor to get away with their crimes. Meanwhile, normal users have no practical benefit from either.

Why is this different?

[plywoodtrees]

That's a really question that I have considered before, and that deserves a long answer.

One part of it is:

As both a matter of norms and law, we expect and desire more public scrutiny of financial transactions than of speech. In particular, various taxes mean that a large fraction of financial transactions cannot and should not be private. Conversely the great majority of 1 on 1 conversations raise no legal or regulatory issues.