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I fear for a future where financial privacy is non-existant. While I recognize the potential for abuse and enabling for bad actors to skirt laws, I think it sho
by Forbo 3y ago
I fear for a future where financial privacy is non-existant. While I recognize the potential for abuse and enabling for bad actors to skirt laws, I think it should be private by default with measures that allow for auditing. For example, Monero's ability to publish view keys. Sadly, I think many governments will instead rush to the authoritarian option instead.
Edit: if someone wants to enlighten me on why I shouldn't worry about the surveillance capitalist dystopia that's slowly rolling out before our eyes, I'd love to hear it.
- StrangeATractor 3y agoI expect it'll happen in my lifetime, there was a senator a few years ago making a push to ban the $100 bill because he felt it enabled crime by allowing larger amounts of physical currency to be moved in a smaller package. I'm personally of the opinion we're better off with the crime -- the psychic burden of knowing that there is no way to make a financial transaction, even for a pack of gum, without an overbearing control-freak government knowing about it is just too much for me. There's other ways to catch criminals without mistreating your citizens, anyway.
- dopidopHN 3y agoI live in the Deep South and many place are cash only. I grew to like it. They are also very clear on why they are cash only.
- throwaway384629 3y agoNot sure why you are getting downvoted, but you are right. Governments can ban the paper currency and lock you out from your digital currency at any time. All the mainstream media channels gets loads of advertisement money from government and they are ready to defend every move of government.