151–160 of 402 posts
That's why the move to decentralized everything. This total control nonsense will eventually end and these dinosaur idiots will stuck with their own destructive ideas
> This total control nonsense will eventually end and these dinosaur idiots will stuck with their own destructive ideas I agree with most of crypto’s philosophy. But this obnoxious naivety makes me root for and materially support the other side. Is there a word for this?
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
I’m amazed by how short sighted most of the comments here are. When it comes to large financial operations, society has clearly chosen transparency over privacy. Cause guess what, tax evasion, money laundering, political fixing, terrorism financing are things that exist and really are hurtful to our economies. Stop fantasizing that the government cares about the shit you buy. This is not about you. And Bitcoin’s anon…
> You can’t show up in a bank with a bucket load of $100 bills and open an anonymous bank account. Well you shouldn’t be able to with bitcoins either. So we have to make a superior system inferior?
Earlier quoted context omitted.
I'm aware that full ledger visibility is a fundamental part of Bitcoin. I'm actually more concerned that the governments and central banks of the world will push for near total traceability with their own currencies. Whether that comes in the form of "GovCoins" or reporting requirements, I do not know. But I think it is practically inevitable.
Why does everyone talk about regulators as if they rule over us rather than answer to us?
And they're almost inevitably corrupt.
i'm shocked how ignorant these lawmakers are, trying to gain control over a decentralised structure nobody asked them for this and even if this change ends up in bitcoin's core, it will ultimately fail to reach consensus our wallets are none of your business, EU, get out!
I'm shocked how naive the DeFi industry was to think they could get away with little to no regulation. Tech doesn't rule the world. Old power structures are still in place.
Banning exchanges may actually accelerate the transition to decentralized finance.
Earlier quoted context omitted.
As others have mentioned the EU is mulling an EU wide “ban” of transactions above €10,000. However most member states already have that in place including far lower limits. In Greece all cash transactions above €500 have to go through an AML due diligence process which includes a full KYC for both the buyer, seller and any beneficiaries of the transaction. Basically it’s too much of a hassle to do so businesses simpl…
As an American, that's insane sounding to me. Without financial sovereignty the American revolution would have never happened. And we'd still be ruled by monarchs.
Pretty late and how will they deal with location independent companies like Binance? The CEO is more or less permanently on the lam.
> location independent companies That’s not a real thing