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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superkruger · 103w
Governments gonna govern. Best stack KYC-free. On a positive note, speed of innovation, and low time preference is on our side.
Ivan · 103w
Privacy is a human right. The tyrants are out of control. Sad day. More attacks are coming. When lightning gets improved privacy like bolt 12 things will get interesting
CitizenPleb · 103w
Crazy this needs to be repeated to people, but here we are, and it is well worth repeating. PRIVACY IS NOT A CRIME
VampireMJ · 103w
🎯
GLACA · 103w
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 · 103w
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 · 103w
It’s a shame!
captjack 🏴‍☠️✨💜 · 103w
banking cartel n wall st MAKES THE LAW that simple
unknown · 103w
lol Crypto currency is not mightier than the Government
Matthew · 103w
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 · 103w
The Rich men North of Richmond are at it again.
nostrich · 103w
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 · 103w
It’s like weapons manufactures being arrested for murder when someone shoots someone else using their gun
BankSith · 103w
Minority rule by Nassim Taleb?
wilto · 103w
Transparency would be good to know what governments are doing with the tax money, though
Principe Vegeta BTC · 103w
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...
Halima · 103w
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a Can't tell you how many times normal working folks have tried to send money to each other and it gets flagged for money laundering with no proof even though its maintenance or gifts. Mostly an issue when sending money to or out of...
Halima · 103w
Of course, I've introduced Bitcoin as an alternative and it's a great option for those who listen. Some exchanges take 1-3 days to transfer funds from traditional banks to thr exchanges so timing is still a problem if ppl don't already own btc.
inpc · 103w
Dirty sats I want you, dirty sats I need you whoooaa.
youngMoney · 103w
Time for a new government
BillyBs · 103w
So when are you running for a house seat? Sounds logical to me.
Byrdman · 103w
💡 Spot on! Financial privacy is our right, not a red flag! 🚩 Authorities need to chill and differentiate. 😌
Darek · 103w
Current law seems to regulate the violation of financial privacy only in particular circumstances, usually with court approval. Could you please give me an example of targeting tech people so I can get a better picture?
Erik · 103w
What they said 👆
raintrees · 103w
Maybe those who accuse are biased in having frequent illicit transactions themselves? Projection of one's negative traits on others seems to be much more frequent as of late...
SuiGenerisJohn · 103w
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.) · 103w
https://media1.tenor.com/m/htQy7s_ebssAAAAC/meh-maybee.gif
@IsabelSydow Queen of Shrimps (but u can call me Dan.) · 103w
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 · 103w
but evading existing kyc/ aml regulations is a crime so is a moot point cos thems the rules
Sean · 103w
boycott the elections. Revolt. Defiance.
[Timmy] Porramet Noisa · 103w
**ใช้ Gemini แปลให้ครับ** * **Privacy is normal and good.** > **ความเป็นส่วนตัวเป็นเรื่องปกติและเป็นสิ่งที่ดี** ข้อความนี้สื่อว่า การม...
Tom · 93w
#panamapapers