Quote from: tadamichi on August 16, 2022, 10:14:05 PM

Nah something legal, simple and funny, like if a large amount of customers kept depositing and withdrawing small sums from privacy tools for example.
....
Its not a bad idea, but im not sure if they would let it count in practice and if so for how long. Also how would it get past chainanalysis? For this the type of your business doesnt matter, theyre analysing transactions. In the end they dont have any incentive to create fair rules for Bitcoin, so sooner or later we will get put trough more and more absurdities and will have to face it at some point.
...
If peopler never fought for their rights, we wouldnt have any. More and more surveillance is bad economically and doesnt prevent criminality, the reasons for it are actually based on weak defences.

1. the first concept to understand is. property protection rights vs privacy rights.. the latter is not really deeply meaningful, well established or even fightable in a court or lobbying effort. especially when it comes to financial data

for instance the "bank secrecy act" meant to stop MSB from sharing financial information about you.. ..however there is a clause..
unless there is a legal obligation/requirement to share information

and guess what. the legal obligation/requirement is.. yep the suspicion of certain activity..
thus
as i have been saying all along if people for once thought outside the buddy system of the loyalty to the DCG roadmap and business plan

if those who support the DCG can get customers to do something suspicious. it then allows the businesses to share(sell) info to each other. which is worth alot of money

the funny fact is that oeleo actually slipped up and showed how much the government pay coinbase for customer data. but coinbase also make alot of money when they sell data to other companies "in the clause of sharing kyc info of suspected users"

chain analysis makes money too by combining all the info it has from its sister companies, cheaply/for free, and sells it to non subsidiaries at a premium

all this pushing for everyone to get reported is just a scheme to make DCG alot of money selling customer data
are you starting to see why for 7 years i have disliked DCG and his loyal supporters
..
and if you went to court to fight it. you then have to explain your own transaction history and life story to explain away why you appeared on a SAR in the first place to even then become a data point that was sold
..
as for just trying to blanket bomb authorities with SAR reports. seems funny. but doesnt make them walk away
instead they intensify their efforts like arrest people that send in false ID's(they get the FBI involved as ID fraud is a federal level crime(felony))

oh and by blanket bombing them with SAR trigged from bitcoin transactions. ends up with authorities just telling exchanges to stop administering trades/accounts for bitcoin.

yep. the government are already one step ahead

Quote

https://www.fatf-gafi.org/media/fatf/documents/recommendations/Updated-Guidance-VA-VASP.pdf
VA = Virtual Asset - VASP = Virtual Asset Service Provider - AEC = Anonymity-Enhanced Cryptocurrency

Quote

174
...
If the VASP cannot manage and mitigate the risks posed
by engaging in such activities, then the VASP should not be permitted to engage in
such activities.

if exchanges cannot manage and keep SAR under control. then exchanges simply have to stop using the currency that is causing it

EG
every monero/liquid transactions would trigger a SAR.. so guess what.. coinbase just dont offer monero/liquid for customer use. for that very reason
meanwhile
some may pretend "good that means we shut down coinbase and kraken from accepting bitcoin"
but that does not stop the SAR reporting because data mine companies still get to sell data and put peoples tx's on watch lists to the sell for profit