Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
Privacy is normal and good.

There has been an effort among authorities to make “money laundering” and “financial privacy” the same thing. That is, the mere act of moving money privately itself becomes a crime. That’s not okay.

Money laundering is when money that is obtained through crime is concealed by obfuscating it with clean money. The actual crime is the initial non-financial crime (say, mob stuff), and historically money laundering involves manual activity to work with the criminals.

Now that open source tech can make certain transactions private, authorities increasingly equate all private money transfer with money laundering, even if the developer of the open source tech had no direct involvement with criminals. Authorities target them regardless, and sanction the technology itself. Financial privacy becomes synonymous with crime in their minds, and in the minds of the public.
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VampireMJ · 127w
🎯
GLACA · 127w
This had to happen and most BTC people were pretending that it's not a threat..well it is. Without a fight, without something huge happening the FIAT system won't allow privacy in #bitcoin space. They want to have the same control as they have in "their financial system".
rfkill · 127w
The goal of mixing is to restore a level of privacy equivalent to what you would normally get with cash. In reality, it doesn't even get very close to that. Calling it "money laundering" is a joke. Try running the proceeds of your meth empire through a mixing service and then reporting the income td...
Legion XXI · 127w
It’s a shame!
captjack 🏴‍☠️✨💜 · 127w
banking cartel n wall st MAKES THE LAW that simple
BOL · 127w
Frankly, they should be seizing the fed et al-- mixing in all that dishonest money printing and diluting purchasing power for the benefit of the few cantillionaires
unknown · 127w
lol Crypto currency is not mightier than the Government
Gowingnut · 127w
Tax evasion is what they mean
Lyudmyla Kozlovska · 127w
That is why public discussion is so important, as well as important education of policymakers, public opinion of G7 countries about the abuses of AML/CFT laws and real money laundering. Real criminals, and even more so oligarchs, use completely different schemes to launder dirty money. For example...
Matthew · 127w
It’s akin to shutting down Facebook or Twitter over the content of its users. Except in this case the users are simply seeking privacy. But in neither case should the developer site creator be held responsible. They’re just seeking total control.
Pleb34 · 127w
The Rich men North of Richmond are at it again.
Tony Carrera · 127w
Hadn’t thought about it this way.
nostrich · 127w
If privacy ever becomes illegal, I will be asking for free access to detailed financial audits of govnerments. As they are so willing to follow our money, let's follow theirs and talk about what real money laundering is afterwards.
The Pour Man · 127w
It’s like weapons manufactures being arrested for murder when someone shoots someone else using their gun
My_friend_jimi · 127w
You should check out Ghost by Mcaffe. John Mcafee literally built his own Privacy Smart Contract network because he was on the run and Monero didn't have smart contract capabilities.
BankSith · 127w
Minority rule by Nassim Taleb?
Ali Sherief · 127w
And yet when a business or a rich person hides money in an offshore bank and grey corporate structures, it's "just fine", but when we use coinjoin, then suddenly we are on a most wanted list.
wilto · 127w
Transparency would be good to know what governments are doing with the tax money, though
Principe Vegeta BTC · 127w
I won't get tired of saying... #bitcoin needs to be updated (softfork or hardfork, i dont know) to allow the mixing of coins as another feature of the code, and not as until now, which are "plugins". #samurai PS: As long as all these privacy solutions are plugins, their developers will be persecute...
inpc · 127w
Dirty sats I want you, dirty sats I need you whoooaa.
youngMoney · 127w
Time for a new government
BillyBs · 127w
So when are you running for a house seat? Sounds logical to me.
Byrdman · 127w
💡 Spot on! Financial privacy is our right, not a red flag! 🚩 Authorities need to chill and differentiate. 😌
Erik · 127w
What they said 👆
SuiGenerisJohn · 127w
I've only read the superceding but I will be interested to know (assuming they are not found to be "money transmitters") whether willful blindness to those using the system (from which they receive a fee) will satisfy the intent requirement for conspiracy.
@IsabelSydow Queen of Shrimps (but u can call me Dan.) · 127w
https://media1.tenor.com/m/htQy7s_ebssAAAAC/meh-maybee.gif
@IsabelSydow Queen of Shrimps (but u can call me Dan.) · 127w
This gist here: "Financial privacy becomes synonymous with crime in their minds, and in the minds of the public." Uh...100% So... how do we go by fixing that? (Honest question).
alexdunsdon · 127w
but evading existing kyc/ aml regulations is a crime so is a moot point cos thems the rules
Sean · 127w
boycott the elections. Revolt. Defiance.
[Timmy] Porramet Noisa · 127w
**ใช้ Gemini แปลให้ครับ** * **Privacy is normal and good.** > **ความเป็นส่วนตัวเป็นเรื่องปกติและเป็นสิ่งที่ดี** ข้อความนี้สื่อว่า การม...
Tom · 117w
#panamapapers