The state's concept of money is private and it has just enjoyed help in getting data about electronic ledgers for the last 55 years, by deputizing banks. And for the last 18 it has also enjoyed public ledgers of crypto currencies.
But the successful stigma of financial privacy doesn't invent its right to having data. This is just a privilege, and private money is a reversion to the mean.
I long used to think that private money was a good thing for freedom helping the little guy living under state repression, but I'm recently starting to worry that it will do the opposite, by helping the ultra-rich engage in corrupt schemes.
The rumors that people bought Trump-coin for the sole purpose of currying favor got to me.
IDK about this particular administration, but the government did place Tornado cash on the sanctions list (now removed). Which does operate differently than monero, but from the view of a bureaucrat I think similar effect.
Yes. I would bet on it. Certain Democrats don't like Monero because of the criminal activity around it. If the king told Republicans to ban it, they would be able to get enough Dems on board to avoid any filibuster problems.
No I think money laundering is when you knowingly mix proceeds of crime, obscuring it.
Like if I make drug dealing illegal, then require drug dealer to pay taxes. And then take the tax money, and conceal and intermix it into the form of the value of the 8th street bridge to cross the creek.
1. a predicate crime - the illegal thing you did to make money
2. placement - getting that money into the financial system
2. layering - hiding the money in legitimate transactions
3. integration - getting the money out
it sounds like you do have the predicate crime though, in some form of illegal drug dealing, since you mention trying to interfere with the government. if you actually think its unconstitutional, you might consider getting caught, and bringing your case up to the supreme court so that it can be struck for being unconstitutional.
yieldcrv|9 months ago
The state's concept of money is private and it has just enjoyed help in getting data about electronic ledgers for the last 55 years, by deputizing banks. And for the last 18 it has also enjoyed public ledgers of crypto currencies.
But the successful stigma of financial privacy doesn't invent its right to having data. This is just a privilege, and private money is a reversion to the mean.
im3w1l|9 months ago
The rumors that people bought Trump-coin for the sole purpose of currying favor got to me.
ChrisfromLees|9 months ago
ty6853|9 months ago
ujkhsjkdhf234|9 months ago
NoMoreNicksLeft|9 months ago
[deleted]
greenavocado|9 months ago
ty6853|9 months ago
Like if I make drug dealing illegal, then require drug dealer to pay taxes. And then take the tax money, and conceal and intermix it into the form of the value of the 8th street bridge to cross the creek.
8note|9 months ago
1. a predicate crime - the illegal thing you did to make money 2. placement - getting that money into the financial system 2. layering - hiding the money in legitimate transactions 3. integration - getting the money out
it sounds like you do have the predicate crime though, in some form of illegal drug dealing, since you mention trying to interfere with the government. if you actually think its unconstitutional, you might consider getting caught, and bringing your case up to the supreme court so that it can be struck for being unconstitutional.