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by unboxingelf 780 days ago
> No, but it's reasonably suspicious

So you agree there may be valid, legal, usecases for this technology for Americans?

The fact of the matter is Americans used to have a degree of financial privacy and the state is in the late stages of revoking it. Far more crime is done with USD than Bitcoin.
1 comments
talldayo 780 days ago
> Far more crime is done with USD than Bitcoin.

Duh? It would make sense that the de-facto currency for the IMF and state-level actors is more widely-used/abused than a nerdy toy network.

The volume of crime will always be larger on volumemetrically larger markets. Imagine the criminal-per-1000-users ratio of Bitcoin or Monero; now you're talking about something that no state-controlled fiat can match. That's why the government wants KYC, and they make a damn good case for it all things considered.

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eimrine 779 days ago
> That's why the government wants KYC, and they make a damn good case for it all things considered.

The government considers a man with cash as an enemy because bureucrates loves to see all your transactions on his computer and especially his favourite milestone is an ability to block some transactions. Government is just a stationary thug and it has no other goal except of collecting as much taxes as possible.

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talldayo 779 days ago
> Government is just a stationary thug and it has no other goal except of collecting as much taxes as possible.

You were speaking the truth, right up until you got to this line. Governments are beholden to the people, you wouldn't be able to adjust taxation legislatively if taxation was an authoritarian function of the state. Don't accuse the government of being a "stationary thug" when it's the politicians you elect that vote on these issues. If you legitimately believe what you said, you've bought into a defeatist ruse.

In reality, a government's greatest plausible obligation is to protect it's people, and that's what crypto regulations do. You can be as sardonic about it as you want, but tax and sanctions evasion is a crime and crypto exchanges will be treated as aides and abettors as long as they choose to deal in crypto.

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eimrine 779 days ago
> Governments are beholden to the people

I have not observed any example of this anywhere. I suppose you have bought into etatism ruse.

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