Everyone has been paying attention: the world of capital controls has been gone for 10 years and we let public figures play with themselves proclaiming the oppo

Everyone has been paying attention: the world of capital controls has been gone for 10 years and we let public figures play with themselves proclaiming the opposite. While they already knew that transaction whitelisting was a waste of taxpayer dollars and an impossible waste of private sector resources to do. What you’re actually seeing is that everyone is using crypto as a public utility. Everyone as in all types of parties. Crypto exchanges are not actually capable of pretending to play this game. Third party software has been created to attempt to flag transactions with an obvious sanctioned source, but the user unlinking that source is very easy. Binance reduced friction so much that users didn't bother doing that apparently either. Binance’s aspirations grew so big that they couldnt be just a website and server not incorporated anywhere. But basically every other centralized custodial exchange is the same. It is simply not possible to play along with the state’s deprecated path of policing transactions. The most compliant exchanges will simply automate mountains of paperwork to FinCEN, the suspicious activity reports that the GAO points out are not read at all. Binance is in trouble for simply not doing that because the government doesnt really have a tool to police this either. Many people have made this observation. Many people that made this observation are 10 years older now, have seen their own state fall apart and provided a convenience to the governance organization and people in that area. That’s how crypto propagates. The concept just waits until the human discovers a friction, and then flips them and all the nearest humans like nodes in a graph. This understanding increases confidence in crypto from people that matter more than the pearl clutching people worried about “but criminals!” that don't matter, as it is predictable how more capital enters crypto from all sources around the world over time. Its all quite relative, are we supposed to care that a Chinese citizen circumvented China’s capital control using crypto. Is a Chinese citizen supposed to care that someone on the US OFAC list can access international finance? in each country’s sphere both are “criminals”, but are they? Don't we value the freedom of the Chinese person escaping oppressive capital controls of their administration? Crypto supersedes this concept and debate, deprecating the need to debate it at all, capital flows. These kind of court cases are instruction manuals to everyone that was on the fence. People that didn't have an example of anyone using crypto for goods and services or converting it to local currency now do. All they see is the exchange getting in trouble, nothing changing, and everyone including people on the OFAC list not getting in trouble or their assets frozen. More nodes flipped.