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"Money laundering" is also when you conceal the source of funds that haven't been tainted by crime Everyone should have the right to privacy, electronic transa
by bouncycastle 7y ago
"Money laundering" is also when you conceal the source of funds that haven't been tainted by crime
Everyone should have the right to privacy, electronic transactions are no different.
Of course, you can use the good old "if you have nothing to hide then you have nothing to fear" argument, which has already won over...
- tptacek 7y agoThat's true, but when people say "Ethereum is used for money laundering", that's not what they mean, so it's not a useful argument. If it helps, just substitute "organized crime" for "money laundering". That's what people mean.
- bouncycastle 7y agoEthereum doesn't offer any serious financial privacy (yet) so neither does your statement make any sense. Privacy is important though, doesn't matter if it's financial or not. In the future, should more serious privacy options come to Ethereum, then it's important that everyone should be entitled to use it, just like we are allowed to use end-to-end encryption today.