3 ms·
ok - except it is a system-of-systems, not one system. The perfection of one and destruction of all others is specifically designed-OUT for lots of important re
by mistrial9 4y ago
ok - except it is a system-of-systems, not one system. The perfection of one and destruction of all others is specifically designed-OUT for lots of important reasons (see HISTORY). Perfect tax enforcement is not even possible, by their own defined rules. There is no perfect system and real evolution needs to deal with that -- all manner of despots and arch-bureaucrats be dammed.
- nradov 4y agoThat's just a complaint, not a realistic proposal for change. The reality is that in the US, there is a broad and stable political consensus in favor of ever stricter AML enforcement. This is perceived as reducing tax evasion, sanctions evasion, terrorism, and organized crime. It may not be 100% effective but it obviously has some effect. Only a small fraction of voters and campaign donors are negatively impacted so there is little political resistance.
- junofan 4y agoThe proposal for change is for FinCEN and others to engage in formal rulemaking so compliance can be achieved.
- tick_tock_tick 4y agoThe point is the rules already exist and crypto was just deluding themselves into thinking it didn't apply. There is no reason for proposals or other formal rule-making because that step already happened.