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Comment by empthought | Hacker News Reader

> KYC-less

Is your argument seriously that crypto shouldn't be illegal so it can remain a convenient method of payment for illegal activities?

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You can do the same with cash, why not extend that to digital money? After receiving a cyrpto paying you can declare it to the goverment if it goes above the minimum required by law (exactly as with cash). It would be ridiculous if you had to KYC for a 200$ cash payment.

That's going the wrong direction. Cash should be eliminated as it is a flawed method of accounting for credit/debt.

should all money transfers be traceable by the state?

should it be possible to transfer 100k to a friend without the government knowing?

i support paying taxes btw

i also hope that cash never goes squat but i great it will within 50 years

> Should all moneys be traceable by the state?

Yes. It has been this way since Babylon. It is a principle of financial civilization.

> should it be possible to transfer 100k to a friend without the government knowing?

Of course not.

agree to disagree here

Some laws are immoral; some regimes are oppressive. Helping to circumvent them can be virtuous.

Ah, yes; the immoral, oppressive rules of "I can't make as much money as I want by lying to people so they give me their money in exchange for nothing."

Perhaps that's not what I was talking about.

Then perhaps you should be specific?

I'd prefer that you simply refrain from putting words in my mouth; that was rude.

People will disagree about which laws are immoral and which regimes are oppressive. It is fundamentally a matter of conscience.

Some illegal activity is commonly considered a moral good.

Some illegal activity is considered a moral good.

Cryptocurrency is used for illegal activity.

Therefore, cryptocurrency is a moral good.

^ This is a classic logical fallacy called a false syllogism. The archetypal example is "All men are mortal. Socrates is mortal. Therefore, all men are Socrates."

I assure you that all cryptocurrency is neither a moral good, nor is it Socrates.

You keep strawmaning. Let me fix this for you:

Therefore, cryptocurrency can sometimes be used for moral good.

For example, anonymously supporting opposition in dictatorship regimes. Can you offer a better alternative than crypto?

I did not make that claim. I would not make that claim.

In a lot of jurisdictions, theft, extortion, kidnapping, and murder, are considered moral goods, depending on who the perpetrators are.

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