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Re:EU draft proposes identity requirement for cryptocurrency... by dijonman2 on Friday February 18, 2022 @03:52PM (#30390924)
Anonymous payments are critical to society. We’re already surveilled from every possible angle, total surveillance isn’t too far away. Many of these technologies are not well understood by the general public and of course their proprietors will never admit to any wrongdoing.

Our freedoms are eroding by the week. Many people here on HN right now probably don’t know what life was like prior to the Patriot Act.

I just want to be left alone, to think and behave freely, including the ability to share my ideas without fear of reprisal.

Re:EU draft proposes identity requirement for cryptocurrency... by specialp on Friday February 18, 2022 @04:07PM (#30391129)
The freedom to send absolutely anonymous payments comes with the cost of people using said freedom to extort people in an untraceable manner, and fund illicit activities that harm society such as terrorism. Every freedom comes with a cost, but usually the freedom to do such an act greatly outweighs the cost.

I am interested in why we should live with the cost of this? What are the real benefits to society? Not just hypothetical ones, but what are real uses of paying someone completely anonymously that have the benefit of outweighing the real harms we have already seen?

Re:EU draft proposes identity requirement for cryptocurrency... by zaroth on Friday February 18, 2022 @05:04PM (#30391725)
The real benefits to society are absolutely tremendous.

Extrapolate just a few more years of this trajectory and any protest or political candidate that isn’t endorsed by the ruling class will be impossible to fund or donate to.

You can see it happening right before our eyes with the “Freedom Convoy” and the shutdown of donations and now freezing of bank accounts.

When you can walk up to your political opponents and simply switch off their campaign financing you no longer have a functional democracy.

I guess if you don’t like democracy then you could be totally fine with this trade-off?

Re:EU draft proposes identity requirement for cryptocurrency... by soco on Monday February 21, 2022 @04:33AM (#30413661)
But when you drive up to innocent citizens and switch off their city, do you have a functional democracy? Or is this the new way the US understands exporting democracy?
Re:EU draft proposes identity requirement for cryptocurrency... by Jensson on Friday February 18, 2022 @03:58PM (#30391007)
I see no correlation between ability to track and oppressiveness of regimes. Scandinavian countries are great at tracking their people and very much not oppressive for example.

> I just want to be left alone, to think and behave freely, including the ability to share my ideas without fear of reprisal.

That requires the government to behave nicely, as long as the government would attack you if they knew about these things you would have to live in fear regardless if they tracked you or not. Freedom doesn't come from hiding things from the government, it comes from ensuring that your government isn't behaving like shit, as otherwise you will always dread the government finding out about your stuff. A person who has to hide what he does from the government isn't free, he is basically a refugee in his own country.

Re:EU draft proposes identity requirement for cryptocurrency... by dijonman2 on Friday February 18, 2022 @04:04PM (#30391087)
I’m more afraid of my radical peers than the government.

However, the government is made up of my peers. I come to terms with this by reminding myself how insignificant I am, and I’m not worth harassing.

I’m not going to give an example but I hold a few unpopular beliefs. There are people who would like to see me die because of them.

This is no way to live.

Re:EU draft proposes identity requirement for cryptocurrency... by bufferoverflow on Friday February 18, 2022 @05:01PM (#30391699)
> are great at tracking their people and very much not oppressive for example.

But they will put you in a cage with criminals as soon as you make some transaction they don't approve of.

Re:EU draft proposes identity requirement for cryptocurrency... by pawelmurias on Friday February 18, 2022 @04:06PM (#30391115)
With enough tracking it's a lot easier to enforce rules making being oppressive a lot easier.