4 ms·
Does it scare anyone else to give the US government direct access to every single transaction we all make (plus the ability to reject / approve them at will)?
by xur17 6y ago
Does it scare anyone else to give the US government direct access to every single transaction we all make (plus the ability to reject / approve them at will)?
- pkulak 6y agoEh, they already own the currency itself.
- wsinks 6y agoOf course. The Constitution of the US provides a right for privacy for all natural born or naturalized Citizens. I do not know enough about the crypto space to feel confident that this will end well, but we do need a faster, more distributed financial system, and part of keeping the world order will to be to help establish a truly global financial system, with all countries at the table so that that the natural interests of people that have heritage to a specific location can balance against each other.
- devmunchies 6y agohttps://www.usconstitution.net/xconst_A1Sec10.html https://www.usconstitution.net/xconst_A1Sec10.html > Article 1, Section 10 - No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; regarding the financial system, IMO the GOVT stopped caring about the constitution when they got rid of the gold standard.
- mywittyname 6y agoThese are limitations on State governments. Meaning only the Federal Government can do any of those things. https://constitution.congress.gov/browse/essay/artI-S10-C1-2-1/ALDE_00001098/ https://constitution.congress.gov/browse/essay/artI-S10-C1-2...
- rank0 6y agoIf the system were truly distributed and the source code available then the government would not have direct access to every tx. They can already subpoena financial institutions anyways.