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It blows my mind that there are governments that are trying to track down to every penny. Grey/black markets will always exist. But trying to breath down everyo
by monksy 2y ago
It blows my mind that there are governments that are trying to track down to every penny. Grey/black markets will always exist. But trying to breath down everyones neck because you paid your friend $20 in cash is very concerning.
- aminoche 2y agoYou're absolutely right—it’s dystopian overreach, but it's happening in slow motion. The real concern isn’t just "black markets will always exist"—it’s that the window for lawful, private transactions is closing faster than most people realize. Governments aren’t just tracking major criminal activity; they’re normalizing total financial surveillance under the guise of “anti-money laundering” and “counter-terrorism.” But let’s be real—this isn’t about crime. It’s about control. - Europe’s AML rules are already targeting self-hosted wallets. - Canada blacklisted Bitcoin donations for protests, freezing accounts without due process. - The U.S. Treasury treats every crypto transaction as a taxable event, requiring constant disclosure. The endgame? A financial panopticon where every transaction is linked, traced, and scored—making cash obsolete and forcing people into fully permissioned, state-approved transactions. Yes, grey/black markets will always exist, but the bigger question is: Will there be any legal, mainstream way to transact privately? Right now, privacy is being framed as a “red flag,” and once that stigma is fully ingrained, opting out won’t just be difficult—it’ll be criminalized. The time to push back isn’t when financial privacy is illegal. It’s now.