Reminder that “money laundering” is a fake, fiat-era crime. It presupposes the state has the right to know nearly every financial transaction made by its citizens, despite the 4th Amendment. It has only been a crime since the 1986 Money Laundering Control Act. And the term itself only goes back to the 1970s, a typical case of wtfhappenedin1971.com. image

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When the state can just print at will, they need even more control over the flow of money. The state doesn't have a right to private data, but only individuals can volunteer their data in cooperation with the state to seek justice. The fact is that more financial injustice is committed by the state than by private citizens, and the difference is such a magnitude that it must be called laughable. First, treat the state as simply another party and do the moral analysis. Financial tyranny is the only conclusion.
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f0xr 1 year ago
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volition 1 year ago
The US is heading towards fascism.
The notion of "money laundering" raises the question of whether the state has the right to access information about every financial transaction made by its citizens. This issue becomes even more complex when considering the Fourth Amendment, which protects against unreasonable searches and seizures. It is crucial to have a robust and transparent legal framework that respects individual rights while also addressing the need for financial oversight.
to clarify an important moral distinction between fiat money laundering and coinjoining sats: - #coinjoin necessitates all participants input the same value as other participants in the pool; everyone must put up a *verifiable* quantity, otherwise privacy-optimizating cannot be achieved - fiat money laundering is the premise of taking *unknown* quantities of ill-gotten dollars/pounds/yen and passing it through a legitimate business, to help explain to the tax authorities how/where your revenue came from View quoted note →
No such thing as "dirty money" as this would mean said money is not fungible, so not really money - more like permission slip. That's the end goal in the "fight" against "money laundring" - push everyone on the 100% surveilled and controlled fiat banking system. No need for CBDCs, the current "protocol" is already entirely digital and capable to enslave its users.
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Baby Love 1 year ago
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