Comment by Nifty3929
Comment by Nifty3929 17 hours ago
A lot of people keep looking for technology solutions to political problems. The fact is that privacy, especially of financial transactions, is becoming illegal. Any technology that allows you to send or spend money anonymously will be attacked by our governments. They won't be allowed.
You can argue about whether you can get away with it due to difficulty of enforcement, but all that does is turn us all into criminals. They won't put ALL of in jail, but they can put ANY of us in jail - the ones they don't like.
> The fact is that privacy, especially of financial transactions, is becoming illegal. Any technology that allows you to send or spend money anonymously will be attacked by our governments. They won't be allowed.
It's probably a bit worse than that. It's not specific to transactions or spending.
Eventually any IP talking to another IP without the mandatory metadata to link it to a physical identity will be illegal.
Right now there is a hodge-podge of solutions that piggy-back on the phone networks, wires, etc. that used to give LEO enough actionable information to track some criminals. But most of that has been obsoleted by modern cryptography.