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The treasury is expanding the Patriot Act to attack Bitcoin self custody

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571–580 of 611 posts

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#571

I think the case for why strong encryption is important is much clearer than why untraceable financial instruments are important and I don't think it's super compelling to argue that these things are actually the same, even if your opposition to government control is the same. I think it's actually pretty clear that almost all people are not capable of secure and reliable self-custody and would be better off with an…

Yes, it might be true that most people aren't willing to keep their money under their beds for security reasons. But it shouldn't be illegal or somehow indicative of criminality. Same thing with self custody of crypto.

it's already illegal. unless you keep tax records and receipts with all that money under your bed, probably cause and civil forfeiture can be broadly applied to it.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#572
post #493

Earlier quoted context omitted.

On the other hand you get to vote who is in the gang. So choose wisely.

You used to get to vote. It doesn't work like that anymore.

Please explain to me how I don’t get to vote any more.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#573

Earlier quoted context omitted.

On the other hand you get to vote who is in the gang. So choose wisely.

You only get two options for each vote, and there is no reason that one or both of the options would need to be aware of or be in favor of an acceptable solution to the given problem. In fact, the chance of that happening is vanishingly small.

I vote in the primaries and the general election. In the former there are a lot more than 2 options. You’re aware primaries exist, right?

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#574
post #205

Earlier quoted context omitted.

You can forget about liberties until you come up with a better acronym

Would you settle for a catchy motto, mayhap? https://en.wikipedia.org/wiki/Live_Free_or_Die > "Live Free or Die" is the official motto of the U.S. state of New Hampshire, adopted by the state in 1945. It is possibly the best-known of all state mottos, partly because it conveys an assertive independence historically found in American political philosophy and partly because of its contrast to the milder sentiments foun…

[deleted]

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#575

Earlier quoted context omitted.

Sadly, Percisely. Digital Forensics (the evidence of nothing by the way, a great book), is approaching little more than gluing together datasets from various completely fungible entities. I too could be a master investigator if I could simply compel various busnisses to gift me the tables needed!

Pretty soon they will be able to run all our information through a language model. Models could identify "suspicious" behavior and generate plausible theories to fit the desired witch hunt, based on what they read. Scary.

That is essentially what has been done since the FBI Carnivore software circa 1997. The software gets more complicated but the goal is the same. I assume that the drive for better AI models is in part driven by intelligence agency needs to categorize mountains of data to build profiles of individuals.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#576

> [The Patriot Act] contains many sunset provisions beginning December 31, 2005, approximately four years after its passage. Before the sunset date, an extension was passed for four years which kept most of the law intact. In May 2011, President Barack Obama signed the PATRIOT Sunset Extensions Act of 2011, which extended three provisions. These provisions were modified and extended until 2019 by the USA Freedom Act,…

username checks out?

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#577

Earlier quoted context omitted.

Anyone with experience teaching children could tell you that racism is taught. It's just not baked in for kids. However it's also not a very interesting question imo. You will never "reset" a generation from any aspect of culture, and now that we're in the global information age it's triply impossible. We don't need to fool around with naturalist fallacy - it's enough to say that racism is bad and we should get rid o…

I have experience teaching children. They typically don't experience the scarcity that leads to fear and tribalism among adults. Tribalism doesn't have to be taught.

Well luckily we are post scarcity!

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#578
post #548

Earlier quoted context omitted.

If they are going to go to war at least go to war over something that immensely benefits Americans (such as decrease of deaths due to overdosing and consequences of addiction). Definitely better than acting as the enforcers for other nations who are too pussy to do their warring on their own.

Lets make a deal, the US can destabilize the middle east as they desire more mission accomplished IS nation building against terror but in return has to take in all the resulting refugees, even when they look a little mexican.

Why pay when they can do it now for free?

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#579

Earlier quoted context omitted.

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.

>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. Unfortunately in 2025 it is a race to the bottom. While some countries (such as the UK) are sinking faster than others, there isn't a single country I can think of that is moving in the right direction when it comes to privacy, free speech and civil libert…

It's not a game they are interested in playing.

As someone who knows enough about how much CISCO equipment is purchased around the globe for DPI and privacy invasion as a government business is booming.

Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody

#580
post #297

Bitcoin is a perfect microcosm for the tech sector in what happens when people who don't know how something works and refuse to understand it, try to replace it. Every aspect of the modern financial system exists for a reason. It evolved over time to deal with problems. Things like reversible transactions are a feature not a bug. Bitcoin is where all the gold bugs went who lamented the end of the gold standard. Most…

Wrong. As per the Coinage Act of 1792, the US dollar was to be equal to exactly 371.25 grains of fine silver.

At no point did the US have enough silver or gold to cover their obligations for all currency in circulation.

That’s my point.

You can make it worth whatever you want but if you’re not guaranteed to be able to redeem it, you’re calling that currency on something else.

That something else is the US military, ultimately.

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