Earlier quoted context omitted.
> you refer to a 1978 privacy law which is irrelevant and not applicable This is wrong. Prior to the RFPA, there were no federal legal protections for these records. The IRS and SEC could request records without the customer’s or a judge’s permission. After, including now, they can’t. That’s far from irrelevant. > you now will perhaps even admit that after 2020 AML there is zero privacy in US banking system Still a s…
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This has nothing to do with centralisation or decentralisation. Cops can seize your physical foreign currency, gold, and yes, Bitcoin. Being able to seize something is a function of power, not topology.
> IRS can issue a summons for financial records to any US bank without any court order or justification
This is wrong. IRS summons are an administrative procedure that requires notice (with justification) and can be “quashed” [1]. In some cases they can notify you ex post facto, but that lowers the burden for quashing. To be sneaky they need to loop in Justice.
You’re continuing a pattern of issuing confidently worded, starkly incorrect readings of U.S. financial law.
> best they get to is that 50 mining operations control almost 50%
Count the number of people required to make decisions in this system. That’s political centralisation. A smaller number of people have absolute control over Bitcoin, through their control of mining operations and holdings, than comprise a majority of the Congress plus one (the President).