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Who decided you can post this? Was 'everyone' consulted on what they'd rather you post? Because it seems like you and a handful of politicians posted ideas you

by junaru 5mo ago

Who decided you can post this? Was 'everyone' consulted on what they'd rather you post? Because it seems like you and a handful of politicians posted ideas you wanted and everyone else can suck it... I hope you see the absurdity of your 'everyone' claim.

Nursie 5mo ago
I see the absurdity of claiming that something (in this case absolute financial privacy) is for the benefit of everyone and worth the costs without taking into account whether the tradeoff does actually benefit everyone, or if the price is something that most people, let alone everyone, would be willing to pay. Because claiming cybercrime is a price that is worth it for everyone to have this privacy comes across a lot like Trump saying "Don't expect the US to fight your wars for you any more, you're welcome, ingrates" while waging an unnecessary war nobody else wanted.
- Cider9986 5mo ago
  The vast, vast majority of "criminal" money goes through fiat banking, not crypto. Crypto makes privacy and freedom accessible to regular people.
  - Nursie 5mo ago
    Crypto makes cybercrime pay, without it collection would be almost impossible. The post I'm responding to argues that it is worth it. I disagree and think it's presumptuous to claim it has anything of a net benefit for society. The idea that it doesn't make whole categories of crime profitable and therefore attractive, or that the impact is negligible, is not really supportable in a world with rampant cryptolockers and other crypto-currency enabled extortion. Further, the appeal of this sort of financial privacy for non-criminal use is pretty limited. But you know all this, the alleged privacy benefits have been a talking point for many years now but in the end there's no real legit crypto use cases and still no real interest in crypto beyond crime and gambling.
    - deleted 5mo ago
      [deleted]
    - Cider9986 5mo ago
      I'll add some numbers to back up crypto—it is built on trustless numbers, unlike your fiat, after all. Chainalysis's most recent report puts "illegal" activity at under 1% of total crypto transaction volume[1]. UNODC[2] estimates "The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Due to the clandestine nature of money-laundering, it is however difficult to estimate the total amount of money that goes through the laundering cycle." HSBC[3], TD[4], Cred Suisse[5], and others have each been moving cartel, sanctioned, or Iranian money in sums that dwarf every ransomware payment ever made combined. If enabling "crime" disqualifies a payment method, then fiat loses in that comparison by more than an order of magnitude. >Crypto makes cybercrime pay, without it collection would be almost impossible. Ransomware predates Bitcoin by two decades. The AIDS Trojan in 1989 demanded a cashier's check to Panama. Pre-Bitcoin lockers like Reveton and Winlock collected via MoneyPak, Ukash, Paysafecard, and wire transfers. >Further, the appeal of this sort of financial privacy for non-criminal use is pretty limited. Alexei Navalny's Anti-Corruption Foundation, which accepted crypto after Russia froze its banking. The Ukrainian government, which received over $100M in crypto donations in the first weeks of the 2022 invasion. WikiLeaks, after Visa/MC/PayPal blockaded it in 2010 with no court order. Nigerian #EndSARS protesters, whose bank accounts were frozen. Iranian, Argentine, Lebanese, and Venezuelan savers watching double-digit monthly inflation destroy their hard earned wages. Migrant workers send remittances home for ~1% instead of Western Union's 7–10%. Here[6] is a list of hundreds of Non-profits that accept Monero—because people want to be able to donate, privately. The FSF received[ a total of 900,000 USD in Monero donations in two large contributions just in this past year. GrapheneOS, which has employees across many continents, pays all but one of it's 10+ developers in cryptocurrency. >no real interest in crypto beyond crime and gambling. Besides pushing back on the idea that, "crime", without a specific definition of what is happening, is bad, XMRBazaar hosts over 8000 legal, trustless craigslist-style listings[7]. Eggs, real estate, italian meats. I'm shivering in my boots at all this Crime[1]. [1] https://www.chainalysis.com/blog/2026-crypto-crime-report-introduction/#:~:text=1%5D-,These,2 https://www.chainalysis.com/blog/2026-crypto-crime-report-in... [2] https://www.unodc.org/unodc/en/money-laundering/overview.html#:~:text=stage%2E-,The,cycle https://www.unodc.org/unodc/en/money-laundering/overview.htm... [3] HSBC: https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-... [4] TD: https://www.bbc.com/news/articles/c153d14vqwyo https://www.bbc.com/news/articles/c153d14vqwyo [5] Credit Suisse: https://www.justice.gov/archives/opa/pr/credit-suisse-agrees-forfeit-536-million-connection-violations-international-emergency https://www.justice.gov/archives/opa/pr/credit-suisse-agrees... [6] https://www.fsf.org/news/free-software-foundation-receives-historic-private-donations https://www.fsf.org/news/free-software-foundation-receives-h... [7] https://monerica.com/non-profits/page/2 https://monerica.com/non-profits/page/2 [8]https://xmrbazaar.com/listing/yWKK/ https://xmrbazaar.com/listing/yWKK/, https://xmrbazaar.com/listing/kAEU/ https://xmrbazaar.com/listing/kAEU/, https://xmrbazaar.com/listing/cdpN/ https://xmrbazaar.com/listing/cdpN/ Ah, "Crime", it irks us so much. Gay people need to respect the law: https://en.wikipedia.org/wiki/Criminalization_of_homosexuality#:~:text=As%20of%202025%2C%20homosexuality%20is%20criminalized%20de%20jure%20in%2062%20UN%20member%20states%20and%20de%20facto%20in%20two%20others%3B%20at%20least%20seven%20of%20these%20have%20a%20death%20penalty%20for%20homosexuality. https://en.wikipedia.org/wiki/Criminalization_of_homosexuali... Women need to respect the law. https://en.wikipedia.org/wiki/Abortion_law_in_the_United_States_by_state#/media/File:Gestational_limits_for_elective_abortion_in_the_United_States.svg https://en.wikipedia.org/wiki/Abortion_law_in_the_United_Sta... But legal things like Flock Cameras, Mass surveillence, civil-asset forfeiture. All these things should be protected.

by junaru 5mo ago

Nursie 5mo ago

I see the absurdity of claiming that something (in this case absolute financial privacy) is for the benefit of everyone and worth the costs without taking into account whether the tradeoff does actually benefit everyone, or if the price is something that most people, let alone everyone, would be willing to pay. Because claiming cybercrime is a price that is worth it for everyone to have this privacy comes across a lot like Trump saying "Don't expect the US to fight your wars for you any more, you're welcome, ingrates" while waging an unnecessary war nobody else wanted.

Cider9986 5mo ago
The vast, vast majority of "criminal" money goes through fiat banking, not crypto. Crypto makes privacy and freedom accessible to regular people.
- Nursie 5mo ago
  Crypto makes cybercrime pay, without it collection would be almost impossible. The post I'm responding to argues that it is worth it. I disagree and think it's presumptuous to claim it has anything of a net benefit for society. The idea that it doesn't make whole categories of crime profitable and therefore attractive, or that the impact is negligible, is not really supportable in a world with rampant cryptolockers and other crypto-currency enabled extortion. Further, the appeal of this sort of financial privacy for non-criminal use is pretty limited. But you know all this, the alleged privacy benefits have been a talking point for many years now but in the end there's no real legit crypto use cases and still no real interest in crypto beyond crime and gambling.
  - deleted 5mo ago
    [deleted]
  - Cider9986 5mo ago
    I'll add some numbers to back up crypto—it is built on trustless numbers, unlike your fiat, after all. Chainalysis's most recent report puts "illegal" activity at under 1% of total crypto transaction volume[1]. UNODC[2] estimates "The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars. Due to the clandestine nature of money-laundering, it is however difficult to estimate the total amount of money that goes through the laundering cycle." HSBC[3], TD[4], Cred Suisse[5], and others have each been moving cartel, sanctioned, or Iranian money in sums that dwarf every ransomware payment ever made combined. If enabling "crime" disqualifies a payment method, then fiat loses in that comparison by more than an order of magnitude. >Crypto makes cybercrime pay, without it collection would be almost impossible. Ransomware predates Bitcoin by two decades. The AIDS Trojan in 1989 demanded a cashier's check to Panama. Pre-Bitcoin lockers like Reveton and Winlock collected via MoneyPak, Ukash, Paysafecard, and wire transfers. >Further, the appeal of this sort of financial privacy for non-criminal use is pretty limited. Alexei Navalny's Anti-Corruption Foundation, which accepted crypto after Russia froze its banking. The Ukrainian government, which received over $100M in crypto donations in the first weeks of the 2022 invasion. WikiLeaks, after Visa/MC/PayPal blockaded it in 2010 with no court order. Nigerian #EndSARS protesters, whose bank accounts were frozen. Iranian, Argentine, Lebanese, and Venezuelan savers watching double-digit monthly inflation destroy their hard earned wages. Migrant workers send remittances home for ~1% instead of Western Union's 7–10%. Here[6] is a list of hundreds of Non-profits that accept Monero—because people want to be able to donate, privately. The FSF received[ a total of 900,000 USD in Monero donations in two large contributions just in this past year. GrapheneOS, which has employees across many continents, pays all but one of it's 10+ developers in cryptocurrency. >no real interest in crypto beyond crime and gambling. Besides pushing back on the idea that, "crime", without a specific definition of what is happening, is bad, XMRBazaar hosts over 8000 legal, trustless craigslist-style listings[7]. Eggs, real estate, italian meats. I'm shivering in my boots at all this Crime[1]. [1] https://www.chainalysis.com/blog/2026-crypto-crime-report-introduction/#:~:text=1%5D-,These,2 https://www.chainalysis.com/blog/2026-crypto-crime-report-in... [2] https://www.unodc.org/unodc/en/money-laundering/overview.html#:~:text=stage%2E-,The,cycle https://www.unodc.org/unodc/en/money-laundering/overview.htm... [3] HSBC: https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/ https://www.icij.org/investigations/fincen-files/hsbc-moved-... [4] TD: https://www.bbc.com/news/articles/c153d14vqwyo https://www.bbc.com/news/articles/c153d14vqwyo [5] Credit Suisse: https://www.justice.gov/archives/opa/pr/credit-suisse-agrees-forfeit-536-million-connection-violations-international-emergency https://www.justice.gov/archives/opa/pr/credit-suisse-agrees... [6] https://www.fsf.org/news/free-software-foundation-receives-historic-private-donations https://www.fsf.org/news/free-software-foundation-receives-h... [7] https://monerica.com/non-profits/page/2 https://monerica.com/non-profits/page/2 [8]https://xmrbazaar.com/listing/yWKK/ https://xmrbazaar.com/listing/yWKK/, https://xmrbazaar.com/listing/kAEU/ https://xmrbazaar.com/listing/kAEU/, https://xmrbazaar.com/listing/cdpN/ https://xmrbazaar.com/listing/cdpN/ Ah, "Crime", it irks us so much. Gay people need to respect the law: https://en.wikipedia.org/wiki/Criminalization_of_homosexuality#:~:text=As%20of%202025%2C%20homosexuality%20is%20criminalized%20de%20jure%20in%2062%20UN%20member%20states%20and%20de%20facto%20in%20two%20others%3B%20at%20least%20seven%20of%20these%20have%20a%20death%20penalty%20for%20homosexuality. https://en.wikipedia.org/wiki/Criminalization_of_homosexuali... Women need to respect the law. https://en.wikipedia.org/wiki/Abortion_law_in_the_United_States_by_state#/media/File:Gestational_limits_for_elective_abortion_in_the_United_States.svg https://en.wikipedia.org/wiki/Abortion_law_in_the_United_Sta... But legal things like Flock Cameras, Mass surveillence, civil-asset forfeiture. All these things should be protected.