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by novok 20 days ago
Micropayments would be another one, but then governments and banks have to give up ~~financial control & surveillance~~ AML essentially to make it financially viable. AML also has a horrible track record of how much money is spent compared to the amount recovered.
2 comments

Anti-money laundering laws are a deterrent. If you know moving around $10,000 will be reported to FinCEN, as will any discovered pattern of structuring transactions below $10,000, then you are forced to pursue riskier ways of moving your money than Western Union.
Wouldn't micropayments be aggregated into a money laundering operation by some third party? (Wasn't IIRC even Spotify used for that?) Or would Cloudflare take all the money in this hypothetical scenario?