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Requiring KYC at mixers lol. That's crazy. The best solution is to go after terrorists and not redistribute the consequences of their actions to innocent people
by alphanullmeric 4y ago
Requiring KYC at mixers lol. That's crazy. The best solution is to go after terrorists and not redistribute the consequences of their actions to innocent people. I should be able to trade anonymously if I want to. Those proposals are really no different then the EU's chat control.
- JumpCrisscross 4y ago> should be able to trade anonymously if I want to In a vacuum, sure. But that anonymity has costs in making it easy for the wealthy to embezzle, evade taxes and commit crime. We’re not doing a great job of balancing that cost and benefit. But there is no consensus, theoretically or politically, for the view espoused by crypto-mixer enthusiasts that non-cash transactions should be held to the same standard as political speech.
- logicchains 4y ago>In a vacuum, sure. But that anonymity has costs in making it easy for the wealthy to embezzle, evade taxes and commit crime. And removing financial privacy gives governments the ability to destroy anyone financially. Need I remind you that in the 20th century governments killed orders of magnitudes more people than terrorists or criminals, almost 100 million in China and Russia alone. Giving power to the government is a far greater risk than letting some white collar criminals get away with it.