[highwaylights]

I think it’s wasted money.

Infinite public money will be spent to bat down these lawsuits until it’s set in stone.

Widespread privacy in crypto == end of civilisation. This sounds ridiculous but logically one has to follow the other in a few very short steps.

[yata69420]

> Widespread privacy in crypto == end of civilisation. This sounds ridiculous but logically one has to follow the other in a few very short steps.

That does sound ridiculous. What are the steps?

[stavros]

Privacy in crypto -> fewer taxes being paid -> less money to develop an anti-meteor shield -> large meteorite destroys civilization.

[imtringued]

Money laundering is harder than not declaring taxes. You're not going to be able to run your business in perfect privacy.

[highwaylights]

People won't have to pay their taxes if all transactions are untraceable, and therefore will stop doing so.

Without taxation you can't have:

Law enforcement, schools, hospitals, fire departments, roads, road servicing, running water, public transport, welfare, electricity or sanitation.

More directly, you can't have drugs laws, child protection laws or prevent human trafficking, as there's no way to stop the money supply to the perpetrators.

I mean you can probably still get Starlink access for even more astronomical rates, but that's OK because Cryptbros love them some Elon and think all forms of government are encroaching on dem derr freedums.