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A comment on Bitcoin is a ‘boon for surveillance’, says former CIA director. Parent comment
A cross-country wire payment visits multiple jurisdictions already with the US getting first dibs via SWIFT.
My local IRS can also read them.
So they are effectively public for all major actors.
> Using bitcoin to avoid government surveillance is like saving your passport on a billboard to avoid hackers.
And I'm saying its main purpose is not to avoid surveillance but at as an inflation hedge.
The fact that the governments also see in real time should count as a vote of no confidence.
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A cross-country wire payment visits multiple jurisdictions already with the US getting first dibs via SWIFT.
My local IRS can also read them.
So they are effectively public for all major actors.
> Using bitcoin to avoid government surveillance is like saving your passport on a billboard to avoid hackers.
And I'm saying its main purpose is not to avoid surveillance but at as an inflation hedge.
The fact that the governments also see in real time should count as a vote of no confidence.