Finally. It's a failed experiment by grifters and suckers. It had it's chance at being useful, time to get it out of public conscience so we can work on actual issues.
EU to ban anonymous crypto accounts and privacy coins by 2027
31–40 of 139 posts
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#32Earlier quoted context omitted.
Like the cookie-law. An amazing success, I'm reminded daily about it.
The banners are not mandated by law. That's an implementation choice. Websites chose to show you annoying banners to make you annoyed with the law. They could just not track you.
Yes, the vast majority of the websites are just being annoying because they are childish. It has nothing to do with the law.
The medium-large company I used to work in the US hired a full-time senior director to address GDPR. He had a team and the effort took years and touched every corner of the company.
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#33...on exchanges. They don't ban the coins and their private usages, they ban them on exchanges.
Wasn't this essentially illegal already due to KYC regulations?
No, because KYC is about the customer, not product. In the same way that you're not required to sell only trackable microcontrollers for example, only that you can show who you sold them to, not where they went onwards.
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#34The fact that Bitcoin itself has never been banned strongly suggests that it was government approved from the beginning or even developed at the NSA.
The tracking is a feature, and many governments want a CBDC.
What does the CIA think? The CIA thinks Bitcoin is great:
https://cointelegraph.com/magazine/bitcoin-price-million-cia...
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#35Finally. It's a failed experiment by grifters and suckers. It had it's chance at being useful, time to get it out of public conscience so we can work on actual issues.
What is, exactly? Decentralized currency?
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#36Earlier quoted context omitted.
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What I think is that your argument is in bad faith and breaking HN rules. The governments, being useless and focusing on the wrong things, are banning objectively non-nefarious objects (ninja swords, anonymous coins) that can be use for good by good actors (cutting stuff in the garden, sending money in privacy) but are sometimes used for evil by bad actors (murder, money laundering), like many other things. How can r…
> ninja swords
> cutting stuff in the garden
Wait, are you talking about like using a Ninja sword as a gardening tool?
Or do you mean something like playing Fruit Ninja IRL in your backyard, chopping up watermelons and other fruits being thrown around in the air, for fun?
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#37Earlier quoted context omitted.
[flagged]
What I think is that your argument is in bad faith and breaking HN rules. The governments, being useless and focusing on the wrong things, are banning objectively non-nefarious objects (ninja swords, anonymous coins) that can be use for good by good actors (cutting stuff in the garden, sending money in privacy) but are sometimes used for evil by bad actors (murder, money laundering), like many other things. How can r…
They aren't comparing those crimes. You don't get to pick and choose where laws should matter based on whether you personally like the item being banned. Your "bad guys will do it anyway" argument doesn’t hold.
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#38Earlier quoted context omitted.
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>criminals By definition, they are criminals because they are breaking the law. And therefore the EU government had something to “go after” them for. Remember, it was tax evasion that the government was able to convict Al Capone on, not his other activities. And also a simple traffic stop for an expired registration or inactive taillight that has put many possessors of a small amount of marijuana in jail.
> And therefore the EU government had something to “go after” them for.
The EU doesn't have a government in the sense you're talking to, it has regulatory bodies and a council, the individual countries make up the enactment of their laws and regulations in the EU, there is Interpol and Europol but these work usually in conjunction with a countries governments on large scale/impact crimes where cross border jurisdiction is required.
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#39What does this mean for cold or hardware wallets?
Less than nothing. Only applies on exchanges. If you manage to transfer such things in the public ledger, then there's no problem.
Both Monero and ZCash do not support any advanced smart contracts, so probably there won't be a way to stick with defi.
Re: EU to ban anonymous crypto accounts and privacy coins by 2027
#40I wonder what the impact will be on ransomware attacks.
It'll probably make it harder for people who aren't in "bullet-proof" countries (i.e. without good cooperation with to receive ransom payment, which sounds like a good thing. It could also cause some decidedly negative effects during the transition, when companies that really want to pay a ransom (because they cannot recover otherwise) are unable to.