Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by alphanullmeric on Monday January 09, 2023 @08:05PM
(#34318904)
Certain people take issue with financial privacy, and not being able to regulate other people’s wallets.
[ Parent
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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by timmytokyo on Monday January 09, 2023 @08:13PM
(#34318967)
I don't tend to associate privacy with an asset whose transactions are recorded in a public ledger for all to see.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by alphanullmeric on Monday January 09, 2023 @08:19PM
(#34319013)
Do you support forcing KYC laws onto exchanges? Or the cryptocurrency transaction tracking laws in the EU? I’m looking for a yes or no answer.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by lern_too_spel on Tuesday January 10, 2023 @12:53AM
(#34321029)
Yes. Why should cryptocurrencies allow fraudulent money transfers to North Korea and not banks that can do them more cheaply? Hint: there is no good reason. Regulation will catch up.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by alphanullmeric on Tuesday January 10, 2023 @03:45AM
(#34322102)
A page pulled right out of the anti encryption talking points book. Im glad we agree that you oppose my financial privacy. Redistribution of consequences is fantastic. Surely you support the patriot act too right? Or is that too much consistency to expect out of you?
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by lern_too_spel on Tuesday January 10, 2023 @03:11PM
(#34330792)
I support consistency in regulation. You don't? Of course not, because consistent regulation would demonstrate that your beloved distributed ledger is simply a colossal waste of energy.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by alphanullmeric on Tuesday January 10, 2023 @04:07PM
(#34331510)
Well at least you’re consistent in violating other people’s privacy.
Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor...
by timmytokyo on Tuesday January 10, 2023 @07:51PM
(#34333595)
Do you use bitcoin? What makes you think you have any privacy? Bitcoin is not anonymous; it's pseudonymous. If you're using it, your every transaction can be traced by anyone. That's the opposite of privacy.