jim_kreggis

5 ms·

1.
China's Surveillance State Will Be the West's Future, Too(bloomberg.com)
6 points by jim_kreggis 4y ago|1 comments
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by jim_kreggis 4y ago
Same old pro-mass surveillance arguments, we need it because there are terrorists and pedos
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by jim_kreggis 4y ago
Your employer has your salary on record, so having financial privacy in no way prevents taxes being collected. Likewise you trade stocks through a broker, who knows how much you have in your brokerage account.
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by jim_kreggis 4y ago
Yeah, there's no way this would lead to minimal government, the exact opposite would happen.
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by jim_kreggis 4y ago
China would just step in
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by jim_kreggis 4y ago
"people are happy to give up their rights because the people they dont like will be less profitable" This is the real reason people get so irrationally mad about crypto. There's no difference between the importance of encrypt
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by jim_kreggis 4y ago
I agree, the Tornado cash situation just shows the importance of making privacy a primary consideration in the currency itself
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by jim_kreggis 4y ago
Do you want to actually reply or just be snarky?
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by jim_kreggis 4y ago
The point is crypto has potential to be used whether regulators like it or not. Regulators will do everything they can to prevent this of course, but it at least means we have the potential to transact privately vs. not having any chance at
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by jim_kreggis 4y ago
The only way for crypto to win is to implement privacy and anonymity in a way regulators cannot prevent, such as privacy coins. Btc and Eth relying on mixers is a flaw which regulators will exploit to their advantage.
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by jim_kreggis 4y ago
My point is that it's pointless to be idealistic about how things should be, what matter is how they are. Why would a government which seeks to track its citizens every move keep cash around, when digital money suits their purposes bet
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by jim_kreggis 4y ago
And what are you going to do if governments get rid of it? You have no recourse, only privacy coins like monero offer some.
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by jim_kreggis 4y ago
Having to use digital currency for everything with no privacy and complete government control is going to be amazing, you're right!
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by jim_kreggis 4y ago
One described themselves as "Grubhub but for gay sex"? Just bizarre...
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by jim_kreggis 4y ago
Cheers brother
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by jim_kreggis 4y ago
Shame it doesn't change URL for different tools, would be useful for bookmarking
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by jim_kreggis 4y ago
For what