Re:Few people know that Google voluntarily removes some sear...
by slg on Saturday June 12, 2021 @12:23PM
(#27485483)
>Money laundering restrictions work because everything goes through a fairly centralized banking system. Crypto has no such equivalent.
You are treating encryption as an independent end goal by itself when it is only a tool that is used during communication and storage. Communication and to a lesser extent storage are highly centralized. How much of the average person's encrypted communication occurs in a channel that is not touched by some US company?
Additionally, a from scratch implementation of AES in JavaScript or any other modern programming language is a junior level task. Unless you propose trying to ban every copy of the AES algorithm, it will be trivially implemented and passed around regardless of what FAANG does.
Money laundering restrictions work because everything goes through a fairly centralized banking system. Crypto has no such equivalent.