Comment by Nifty3929
15 hours ago
A lot of people keep looking for technology solutions to political problems. The fact is that privacy, especially of financial transactions, is becoming illegal. Any technology that allows you to send or spend money anonymously will be attacked by our governments. They won't be allowed.
You can argue about whether you can get away with it due to difficulty of enforcement, but all that does is turn us all into criminals. They won't put ALL of in jail, but they can put ANY of us in jail - the ones they don't like.
This is a very narrow way to see it. Technological advancements can and did massively affect politics and other parts of life.
Today you get away with it, they make it harder but it would still be better than the old one.
People manage to corrupt and hack things inevitably as long as it is static, changing systems can obviously be good just for this reason only. It also brings questions about why the current system is the way it is.
> The fact is that privacy, especially of financial transactions, is becoming illegal. Any technology that allows you to send or spend money anonymously will be attacked by our governments. They won't be allowed.
It's probably a bit worse than that. It's not specific to transactions or spending.
Eventually any IP talking to another IP without the mandatory metadata to link it to a physical identity will be illegal.
Right now there is a hodge-podge of solutions that piggy-back on the phone networks, wires, etc. that used to give LEO enough actionable information to track some criminals. But most of that has been obsoleted by modern cryptography.
Don’t understand this pessimism. There are a large number of countries in the world. You can migrate out of a country if they start doing insane things like this.
I would consider leaving UK very seriously if I was building a life there now, as an example.
> But most of that has been obsoleted by modern cryptography.
Except that people are people, and people make mistakes, and it doesn't take a lot of mistakes to fail in your opsec, and then your whole plot unravels.
Spot on.
Some think we need financial freedom, but in reality it's the freedom to fund scams and malware, launder money, dodge taxes, and buy stuff that’s illegal.
That won't become legal just because you use "Monero" or whatever. Obviously we can't have privacy for financial transactions.
You forgot a few things on that list that people would like freedom for:
advocating for (or against) trans rights, protesting against the deportation of migrants, advocate against gun-control, and donating to (anti) palestinian causes
Are just a few things that people would like the freedom to do.
The point being, financial privacy is an important part of having a functioning democracy. But at the same time, financial control and limits are also an important part of a functioning democracy, for e.g. the 'freedoms' you mention. In the end, neither perfect privacy, not perfect surveilance are what we need. The best solution will be somewhere in the middle, with nuance.
> financial privacy is an important part of having a functioning democracy
No, I don't think it is. Perhaps privacy for speech and voting are.
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Except, you know, the dollar bills the government itself prints.