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Re:Switzerland embraces digital currencies and crypto-entrep... by solotronics on Thursday February 22, 2018 @11:00PM (#16444107)
privacy BS? I find it weird that anyone would default to thinking nobody should have privacy. Why is it anyones business what anyone else does with money? Unless you are breaking the law ( which is already illegal ) why does it matter what people anywhere are doing with their money?
Re:Switzerland embraces digital currencies and crypto-entrep... by danans on Friday February 23, 2018 @01:53AM (#16444717)
> Unless you are breaking the law ( which is already illegal )

I think the critique is that the privacy is being used as a mechanism for breaking the law, by hiding illegally gotten gains.

Re:Switzerland embraces digital currencies and crypto-entrep... by mseebach on Friday February 23, 2018 @03:31AM (#16444991)
The argument for violating privacy in communications is literally that it is being used as a mechanism for breaking the law.

I'd be interested in hearing a logically consistent argument for why bad guys hiding illegally gotten gains is a legitimate reason for opposing banking privacy, but bad guys using encrypted communication platforms for planning crimes isn't a legitimate reason to oppose communications privacy.

In both cares, the information would of course only be available to the government who will only ever use it for Legitimate Good(tm).

Re:Switzerland embraces digital currencies and crypto-entrep... by chrisper on Friday February 23, 2018 @02:39AM (#16444841)
But by that logic it should be ok to monitor everything anyone does because if you do not, a person might be able do to something illegally under the cover of privacy.
Re:Switzerland embraces digital currencies and crypto-entrep... by Chriky on Friday February 23, 2018 @03:08AM (#16444920)
I don't understand your use of "monitor" here. Banks by their very nature "monitor" your financial details, what else are they going to be doing?

Swiss banks will routinely refuse to honour legal requests for information from international law enforcement, e.g from 3rd world countries investigating their own corrupt politicians.

Re:Switzerland embraces digital currencies and crypto-entrep... by chrisper on Friday February 23, 2018 @06:52AM (#16445749)
So if I break US copyright law in Germany (assuming the act isn't illegal in Germany), then a German ISP should give out my data?
Re:Switzerland embraces digital currencies and crypto-entrep... by Chriky on Friday February 23, 2018 @08:30AM (#16446166)
Are you saying embezzlement and fraud are legal in Switzerland? This analogy makes no sense.
Re:Switzerland embraces digital currencies and crypto-entrep... by ttoinou on Thursday February 22, 2018 @11:21PM (#16444195)
What's even better is that crypto currencies are redefining in their own way "money" so I would rephrase what you said in "Why is it anyones business what anyone else does with their computer and internet connection? "
Re:Switzerland embraces digital currencies and crypto-entrep... by solotronics on Friday February 23, 2018 @12:43PM (#16447890)
encryption has brought data back into our own control to an extent. cryptocurrency is doing the same with money. I think people are so steeped in the current system that they don't realize that people expected a certain degree of financial privacy up until recently. Besides paying your taxes ( which is also a recent invention in the US ) it was never any business of the government what anyone did with their money. Reading about the history of the US people seem to have forgotten why the country was founded and what people thought before about 80 years ago. Life, liberty, property. In no way does that include thugs with guns forcing you to give up your hard earned money.

There was NO income tax on individuals up until WW1 ever in the US. Through a slow process that takes years to change the Federal government has crept into our lives taking more money and control. It is extremely worrysome to me that other young people my age want more government control and not less.

https://en.wikipedia.org/wiki/Income_tax_in_the_United_State...