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Re:New technology has enabled cyber-crime on an industrial s... by arcticbull on Monday May 10, 2021 @11:10AM (#27106764)
I mean roughly each of those points doesn’t apply to every major crypto. But also no, I’m properly invested. You get to escape government stupidity into the open arms of criminals and scammers. Out of the frying pan and into the fire so to say [1]

It’s like replacing the local police with the Sicilians. They even have a comparable customer service policy, i.e. SFYL.

[1] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen...

Re:New technology has enabled cyber-crime on an industrial s... by matheusmoreira on Monday May 10, 2021 @07:04PM (#27111968)
> roughly each of those points doesn’t apply to every major crypto

Monero currently has all of these properties.

> You get to escape government stupidity into the open arms of criminals and scammers.

This is does not justify sacrificing everybody's financial privacy and independence. The police should track the criminals via other methods. They shouldn't be able to surveil everybody's transactions at all times or freeze people's accounts over the slightest suspicions until they prove their innocence. It's better to let some criminals escape than suffer these injustices.

Re:New technology has enabled cyber-crime on an industrial s... by arcticbull on Tuesday May 11, 2021 @04:52PM (#27123369)
> This is does not justify sacrificing everybody's financial privacy and independence.

Agree to disagree haha. Financial records are private unless revealed to authorities in a 4th-amendment compliant probable-caused based warrant. Seems like the right place to draw the line.

> The police should track the criminals via other methods.

Why? I mean it's pretty easy with basically every crypto other than Monero, and Monero is basically Narco-dollars, which are unlikely to find any acceptance.

> They shouldn't be able to surveil everybody's transactions at all times or freeze people's accounts over the slightest suspicions until they prove their innocence.

You mean... probable cause? And offer due process to resolve? Some would argue that's the foundation of the criminal justice system.

> It's better to let some criminals escape than suffer these injustices.

You're just subbing one kind of criminal for another.