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I’m fine with AML. I’m not someone who is a privacy absolutist and thinks it shouldn’t exist. My #1 concern is privacy from other people in my banking transact

by MBCook 4y ago

I’m fine with AML. I’m not someone who is a privacy absolutist and thinks it shouldn’t exist. My #1 concern is privacy from other people in my banking transactions. You know those Twitter accounts that post everywhere celebrities fly? No one should be able to do that for what I buy. Bitcoin gives anyone that information by design. I don’t like that. But again, I think the article’s solution is attacking the wrong problem.

AnthonyMouse 4y ago
> I’m fine with AML. I’m not someone who is a privacy absolutist and thinks it shouldn’t exist. Why are you fine with it if it has significant costs and doesn't even work? > My #1 concern is privacy from other people in my banking transactions. This is everybody's concern, some people just realize that "other people" include authoritarian governments, corrupt law enforcement and anyone who can hack your financial institution and then post everything they're required by law to collect on the internet. > Bitcoin gives anyone that information by design. Monero doesn't.
- MBCook 4y ago
  > Monero doesn’t. See that was kind of my original point. Why do problematic things to paper over Bitcoin problems if they’re not issues elsewhere. Why not just use Monero instead?
- tsimionescu 4y ago
  > This is everybody's concern, some people just realize that "other people" include authoritarian governments, corrupt law enforcement and anyone who can hack your financial institution and then post everything they're required by law to collect on the internet. And these people are concerned about the wrong things, in general. You can't live a good life under an authoritarian government, under corrupt law enforcement, or with a bank that is easily hacked into. The solution is not to try to distance yourself from these things through magical technology and then be amazed that the authoritarian government or corrupt law enforcement attack you for even using that technology. The solution is to fix the government, law enforcement, and financial institution technical security. All very hard things to do, to be clear, but they actually work, and fix many other problems. Using TC works until it doesn't.

by MBCook 4y ago

AnthonyMouse 4y ago

> I’m fine with AML. I’m not someone who is a privacy absolutist and thinks it shouldn’t exist. Why are you fine with it if it has significant costs and doesn't even work? > My #1 concern is privacy from other people in my banking transactions. This is everybody's concern, some people just realize that "other people" include authoritarian governments, corrupt law enforcement and anyone who can hack your financial institution and then post everything they're required by law to collect on the internet. > Bitcoin gives anyone that information by design. Monero doesn't.

MBCook 4y ago
> Monero doesn’t. See that was kind of my original point. Why do problematic things to paper over Bitcoin problems if they’re not issues elsewhere. Why not just use Monero instead?
tsimionescu 4y ago
> This is everybody's concern, some people just realize that "other people" include authoritarian governments, corrupt law enforcement and anyone who can hack your financial institution and then post everything they're required by law to collect on the internet. And these people are concerned about the wrong things, in general. You can't live a good life under an authoritarian government, under corrupt law enforcement, or with a bank that is easily hacked into. The solution is not to try to distance yourself from these things through magical technology and then be amazed that the authoritarian government or corrupt law enforcement attack you for even using that technology. The solution is to fix the government, law enforcement, and financial institution technical security. All very hard things to do, to be clear, but they actually work, and fix many other problems. Using TC works until it doesn't.