4 ms·
"uncensorable" is a euphemism for "enables fraud, black markets, money laundering, and extortion". Although there are some cases under oppressive regimes where
by plywoodtrees 5y ago
"uncensorable" is a euphemism for "enables fraud, black markets, money laundering, and extortion".
Although there are some cases under oppressive regimes where black markets may be a moral good, on the whole enabling financial crimes is, in my value system, bad.
Furthermore I think regulatory systems will eventually move against this - in fact you see it starting. See https://doomberg.substack.com/p/a-stablecoin-applies-to-become-a https://doomberg.substack.com/p/a-stablecoin-applies-to-beco...
- miracle2k 5y agoChild pornographers everyday use encrypted messaging and Tor to get away with their crimes. Meanwhile, normal users have no practical benefit from either. Why is this different?
- plywoodtrees 5y agoThat's a really question that I have considered before, and that deserves a long answer. One part of it is: As both a matter of norms and law, we expect and desire more public scrutiny of financial transactions than of speech. In particular, various taxes mean that a large fraction of financial transactions cannot and should not be private. Conversely the great majority of 1 on 1 conversations raise no legal or regulatory issues.