[topranks]

Indeed. Blockchains are for breaking the law.

I think it would be wholly better, in democracies, if we changed laws we didn’t like than tried to create technology to evade them.

[Saline9515]

The law says that banks need to do AML/KYC, a blockchain is not a bank, it's decentralized. Besides, being able to break a law can be good, when such laws have little to do with crime prevention, and more about feeding an industrial complex that earns from those frictions. And buying a car is not illegal as far as I know.

The main proponent that dictates the regulations, the FATF, is a shady, unregulated body that is used for political and economical repression.

[wbnns]

> a blockchain is not a bank, it's decentralized

Not all blockchains are decentralized, it depends on the consensus mechanism