This is a completely incoherent paragraph. In the first half you bemoan the lack of financial privacy and freedom, and in the second cheer on privacy-violating and freedom-suppressing FinCEN regulations.
This is a completely incoherent paragraph. In the first half you bemoan the lack of financial privacy and freedom, and in the second cheer on privacy-violating and freedom-suppressing FinCEN regulations.
The bitcoin ecosystem is a cesspool of ransomware payoffs, international money laundering and speculation. Eliminate 2 of those use cases via financial surveillance and I will be happily surprised if the 3d survives, or if any similarly robust marketplace springs up from the ashes. Because the bitcoin ecosystem is such a mess, it's not worth saving, in my opinion. It's a feature, not a bug, and it gives all alt-moneys a bad reputation.
I don't like dragnet-style financial surveillance, in general. If it bothers you when applied to bitcoin for philosophical reasons, it should bother you more when applied to other alt-moneys with less nefarious uses.