Post
Topic
Board Bitcoin Discussion
Re: The PATRIOT Act comes to cryptocurrency
by
Abiky
on 26/11/2023, 13:43:38 UTC
I have not read the full thread yet, and will catch up on this over the next few days.

In the meantime, I can't refrain from mentioning that there is an impressive number of privacy oriented projects in the crypto space, which is the way to go.

Including DEXes, SC platforms, mesh networks, naming systems, etc.

Currently I am wondering if this is a forum for a real discussion or if there are Maxi Mullahs already adapting their heresy Fatwahs against all that is not BTCBTC that may appear in the discussion...

There may be an impressive number of privacy-oriented projects, but they're still the minority. We can blame mainstream governments for that. Their misinformation and false propaganda have led people to believe that obfuscating their transactions is a very bad thing. Shutting down centralized mixers, and going after non-custodial mixers by sanctioning it  tells us governments really don't want people to get true financial freedom and privacy. By enforcing KYC across all centralized exchanges, they hope to control the on/off ramps between the crypto and Fiat worlds.

All we have left are DEXs and P2P exchanges. You will end up paying a higher premium by using these alternatives, but it's worth it. Especially when you don't need to provide your personal info to use them. If governments' efforts are rendered useless, they might "ban" crypto altogether. There's no reason to be concerned about this, as long as decentralization wins in the long run. Wink