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Re:New EU Law Removes Digital Privacy by secondaryacct on Wednesday August 11, 2021 @07:08AM (#28140553)
Yeah well as long as the people allow you the internet. Without us all financing the internet, the anarchists using it for anonymous banking might find themselves a bit naked... I find it horribly suspicious crypto, depending on public electricity grids and state-funded internet infrastructure, is being sold as an anti control measure when really, it sounds a lot like a cash grab and a criminal money laundering system.

Why not use banknotes, they re well less susceptible to government control of spending but oh surprise a lot more to control of the cash grab speculative aspect - and hard to carry $600M of them in a hurry after a heist, unlike recent defi exemples.

Re:New EU Law Removes Digital Privacy by xvector on Wednesday August 11, 2021 @03:00PM (#28146201)
> Why not use banknotes, they re well less susceptible to government control of spending

How can you exchange bank notes electronically?

Re:New EU Law Removes Digital Privacy by aforwardslash on Wednesday August 11, 2021 @05:57PM (#28148332)
>How can you exchange bank notes electronically? They are called "transfers" and you can do them at a bank or on a licensed broker.

The first question is why would you want to transfer money from A to B electronically without any kind of reasonable guarantee or safeguard? The major use case is to avoid paying taxes. Feel free to add any other usage scenario that isn't skipping taxes directly or indirectly.