pull down to refresh
42 sats \ 8 replies \ @Rothbardian_fanatic OP 17h \ parent \ on: Privacy and Fungibility: The Forgotten Virtues of Sound Money econ
Yes, but have there been coinciding advances in unraveling all of the opsec in the same period? Keeping privacy is getting more and more difficult every passing moment.
Advances, yes, but not equivalent. Like I said, the people who understand this stuff best are on our team. At least that's my sense.
reply
Ok, but this sounds to me like any other weapons race with both sides going all out on research to overcome what the other side has done! THEY have a lot of money to do their research, don’t they?
I have also read that BTC may have come out of the DARPA research. If so, has anybody found backdoors, yet?
reply
Our side is going all out on privacy, but they are not because we aren't a big enough fish yet. It wouldn't make sense to invest a ton of effort in tracking down what is mostly a savings vehicle. Far more tax evasion and whatnot occur through other channels.
reply
Ah…. Yes, but they are notably harsh in the area of tax avoidance and evasion than on almost anything else but counterfeiting! THEY just don’t like competition!
reply
We'll see, but I don't think self-custody bitcoiners who care about opsec are a good target. So much of the volume of bitcoin use is with KYC custodians that the feds can just go after those folks.
Think about the marginal difficulty of trying to claw back some bitcoin from a DarthCoin disciple compared to just asking some corporate stooge to sell out a customer.
reply
Yes, I can see that the state enforcers would go after the low-hanging fruit before they even start on the more difficult cases. I think that they would go for the bigger cases before trying to untangle the difficult cases. In that case, the people that took the time to get opsec correctly done may just get overlooked.