> LR's most basic criminal offense is simple: It didn't know or want to know the identities of its clients. They allowed people to transfer big sums of money without checking their identification. That this is a crime disgusts me. I should be able to do whatever I want with my money without anyone knowing who I am. That's how it worked up to the past century.
The trade-of here is individual liberty vs what we know the consequences will be from allowing truly anonymous exchange. For all things in life: cui bono. Illegal operations (the vast majority of which are doing tremendous damage to society) stand to gain the most from anonymous money exchanges. So that's who end up using the service. So even die hard libertarians who value personal freedom such as anonymity a great…
If we ended the war on individual freedom that is the drug war it would eliminate the vast majority of these illegal operations and the "tremendous damage to society" they cause.