Comment by w10-1

It's nice to observe in detail this system's behavior, but asking how _well_ it works might be asking an unanswerable question.

This system is the result of compromise among the biggest financial and governance systems. It's basically a melange of the possible and desirable (for many reasons), in service of multiple goals.

It's not its own thing. It's not owned, no one controls it, it's not subject to market forces, it's pretty much required for those who agree and avoided by others, and its benefits are almost exclusively hidden outside the justice and security services.

Even the simplest measures of accuracy seem inapt. False positives are clearly wrong (but so numerous now they are ignored and thus harmless?), but it's not clear that false negatives aren't intentional as a matter of investigational and prosecutorial discretion.

To me it's like asking the EPA to prove health benefits: since it's largely impossible, you end up with a reason to disable the regulatory system as ineffective.

Targeting these controls while the Genius act loads up trillions in stablecoin for a run on treasuries is fomenting a financial crisis.