Thread by @ErrataRob

Money laundering is not a real issue in tech.

Orwellian surveillance of citizens' every financial transaction is the problem in tech. That's why there will never be cash currency greater than $100 bills -- to prevent large anonymous transactions that gov can't surveill.

https://twitter.com/JasonLeopold/status/1377751501007958022

It's like how Eliot Spitzer got caught "structuring" payments to prostitutes to avoid detection. The crime wasn't paying for sex, the felony was evading government surveillance.

The heavy cost of surveillance makes it nearly impossible for Americans to get bank accounts overseas. Even simple exchange students find enormous hurdles getting foreign bank accounts.

The richest people can always evade such laws, such as buying a boat to ferry their gold to a foreign country. Those who bear the brunt of these domestic surveillance laws are average citizens trying to do legal things, or wanting to do private things.

Do you want to pay for your favorite Chaturbate performer, without the government having a record of it? The only option is cryptocurrency like Bitcoin, which is widely reviled as being only useful for money laundering.

Republicans are currently on a fishing expedition to dig up dirt on Hunter Biden (the president's son). Among the things they'll dig up are his financial records. Like with his emails last year, they'll spin whatever they find even if it's not actually evidence of crime.

This is the problem with privacy activists. They fight for privacy for themselves or those they sympathize with. They fight against privacy for those they hate, like those damn richies. That's why we have money laundering laws.

Sorry, I mean SOME privacy activists. There are lots of privacy activists that stand up to principle, even when when it helps those they don't like.

I'm exposed to too much twitters full of unprincipled people, warping my view of humanity.

https://twitter.com/teirdes/status/1377763240743165954