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The rule of law, police and investigations pre-date KYC/AML regulations by decades if not centuries. It's possible to fight crime without them.

Would you say being in favor of HTTPS or encrypted messaging is equally incompatible with believing in a justice system?



Sure. Plenty of financial regulation is newer. Crashes and frauds just in the last 100 years have created lots of new laws.

But the thing is people want fast and anonymous payments, but don't acknowledge that traditional banking isn't doing that so well (especially in the US) because of laws people want even more.

E.g. given the choice of easier international payment or fighting mob money laundering, people will say the latter.

Well, they'll say both, but cryptocurrencies only even try to do the former. (Failing, because it's anything but easy for almost everyone)

As for your HTTPS analogy: mass surveillance is less law enforcement and more spy agency shit.

Even for messaging, the messages are rarely the harm. For money the moving of money is the harm.




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