Re:Attack of the 50 foot Blockchain (2017)
by miracle2k on Wednesday July 14, 2021 @05:54PM
(#27838896)
Child pornographers everyday use encrypted messaging and Tor to get away with their crimes. Meanwhile, normal users have no practical benefit from either.
Why is this different?
Re:Attack of the 50 foot Blockchain (2017)
by plywoodtrees on Thursday July 15, 2021 @07:33PM
(#27851342)
That's a really question that I have considered before, and that deserves a long answer.
One part of it is:
As both a matter of norms and law, we expect and desire more public scrutiny of financial transactions than of speech. In particular, various taxes mean that a large fraction of financial transactions cannot and should not be private. Conversely the great majority of 1 on 1 conversations raise no legal or regulatory issues.
Although there are some cases under oppressive regimes where black markets may be a moral good, on the whole enabling financial crimes is, in my value system, bad.
Furthermore I think regulatory systems will eventually move against this - in fact you see it starting. See https://doomberg.substack.com/p/a-stablecoin-applies-to-beco...