Post
Topic
Board Bitcoin Discussion
Re: Why mixers?
by
20kevin20
on 21/09/2020, 14:13:31 UTC
Take Tax laws as an example here. Most states try to impose heavy penalties including imprisonment etc for non payment of taxes, late filings etc. Again this is done to deter criminal and large organizations yet most times its the little guy that ends up getting targeted or bearing the brunt of these laws while the larger entities who can hire the best lawyers ( or the best options that money can buy depending on what scenario we are talking about) will often find a loop hole around the problem.
Many of the big guys are working off grid with corrupted governments anyway, so we, the lower classes, end up being treated the crappiest way although the vast majority of us are the most compliant. Tax laws are there for the poor to pay, as large companies and multi-millionaires afford having off-shore accounts and various ways to legally minimize taxes while we pay ours under fear.

This is exactly why we should never look past privacy as if it shouldn't be there. If it goes away, the big ones are going to be private while we'll have to comply with pathetic regulations and restrictions. Privacy should be part of our lives, one of our main rights and something you shouldn't feel like it's shrinking on a daily basis. Presumption of innocence should mean that we should not have to fear being tagged as criminals for willing to be the only persons knowing where one of our assets go, how many we hold and what we're doing with them.

Using mixers is basically the same thing as cashing out your bank account balance and hiding it in some well-hidden safe in your house: nobody knows how much you have left, if there are other stacks of cash inside the vault, if anyone else holds any of your just cashed out sum and so on. Guess that's one of the main reasons why they desperately want to push the cashless society to the front. All anyone knows besides you is how much you've cashed out. Keep that money in a "transparent ledger" (transparent for the banks and authorities, not for everyone unlike Bitcoin) and they'll know the course of every single penny you hold.

If there's one interesting thing I have noticed, it's that constantly banning various services, use cases and opportunities you have with BTC (introducing KYC restrictions on exchanges, having almost no more anonymous ATMs around, Binance freezing accounts for using mixers etc) only makes me want to go even more off the grid and find even better ways to hide under a cloud of privacy.