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topranks 4 days ago

Indeed. Blockchains are for breaking the law.

I think it would be wholly better, in democracies, if we changed laws we didn’t like than tried to create technology to evade them.

Saline9515 4 days ago | parent [-]

The law says that banks need to do AML/KYC, a blockchain is not a bank, it's decentralized. Besides, being able to break a law can be good, when such laws have little to do with crime prevention, and more about feeding an industrial complex that earns from those frictions. And buying a car is not illegal as far as I know.

The main proponent that dictates the regulations, the FATF, is a shady, unregulated body that is used for political and economical repression.

wbnns 3 days ago | parent [-]

> a blockchain is not a bank, it's decentralized

Not all blockchains are decentralized, it depends on the consensus mechanism