Damus
L0la L33tz profile picture
L0la L33tz
@L0laL33tz
We all need to be very aware that what @Edward Snowden is describing here is not some distant dystopian future. It's our dystopian reality.

In May, Elliptic, together with researchers from MIT and IBM, developed a dataset to identify "the shape of money laundering" on the blockchain.

This dataset attempts to predict money laundering activity that has "not yet been labeled" by distinguishing between what the dataset defines as "anomalous signatures" and Bitcoin transfers between "licit services".

Falling out of these clusters deemed normal by intelligence financed corporations already leaves you penalized. Avoid KYC services? Flagged. Can't tie your transactions to a bank account? Flagged. Frequent user of coinjoins? Flagged.

You are already being debanked because a computer program has decided that you are a money launderer – not because you did something illegal, but because your transactions are deemed abnormal – and you have no legal recourse as suspicious activity reports swear financial institutions to absolute secrecy.

It's the full on criminalization of privacy in finance. The future is here, and it's Orwellian.

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The Epic · 91w
Ya I dunno man... This is for the gilded cage and it is real to a certain extent. But how would this be implemented in a world where people only use Bitcoin? "Here, use our software to prevent people we deem criminals from buying things at your establishment." Are bitcoiners really going to fall for...
nat brunell · 91w
Yeah
just one more thing · 91w
I wonder what actual money launderers will do
Grasshopper ₿ · 91w
The money lenders are going to fight to the death. 🤬
Deleted Account · 89w
Thanks 😊 both of you Kindly https://media.tenor.com/DNBsS6CD0BEAAAAC/mel-gibson-broken-arrow.gif
atyh · 79w
the Beast.
Angel · 71w
⚡⚡⚡⚡⚡
Rand · 67w
w/All thingz Being na=*/* sowing shitty seedz too early portendz a shit harvest* T Y, f them o_0
Bitpower · 67w
I immediately got blocked by Bitvavo exchange-bought bitcoin after experimenting with Wasabi coinjoin.
NostrNaught · 67w
In the end, it still takes a human being to enforce the machine's fiat decree... The superstructure protecting the slavers MUST fall!