Not saying KYC is the answer in some dragnet panopticon.
But stopping fraud and theft is something the community has sort of ignored.
Just leave it to to old fashioned defective work until it’s your stash that gets stolen!
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Not saying KYC is the answer in some dragnet panopticon.
But stopping fraud and theft is something the community has sort of ignored.
Just leave it to to old fashioned defective work until it’s your stash that gets stolen!
What do you think would be good fraud/scam protections that bitcoiners could work on?
Crime is just a function of poverty.
A lawyer in New York or a Doctor in Paris isn't out there writing scam emails or pigbutchering on Telegram. Poor people are. The lower class in 1st world countries or whole building complexes in the 3rd world are.
The solution to fraud/scam/crime generally is growing the economy until everyone is comfortable 📈📈
Relative poverty. A poor district can have low crime because everyone within it is poor and it's not playing into the dating market. It's when you live right across from the guy who has a cushy job just because his parents and the government socialized his way into it, while you get paid half as much for work that really is more difficult that you start breaking windows.
Socialists make this disparity 1,000x worse, but their low-IQ arguments can find widespread appeal among both the poor who are desperate for assistance wherever they can find it, and privileged academics who get to feel good about themselves while maintaining a system that, in practice, shuts out people that would otherwise outcompete them. It's capitalist meritocracy that offers the best opportunities for class mobility. Poor socialists need to stop looting, and rich socialists need to stop mooching.
We can't expect to discourage petty crime if we've institutionalized theft at the highest echelons of economic decision making.
Inequality causes crime.
Inequality in USA has skyrocketed in the last 40 years.
False
How so?
https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States
The U.S. has the highest level of income inequality among its (post-industrialized) peers.
Inequality, particularly economic inequality, is linked to higher crime rates as individuals in deprived areas may resort to crime due to financial struggles and lack of opportunities. Studies show that a significant percentage of prisoners come from the most deprived communities, indicating that poverty can lead to criminal behavior.
Rich commit all kinds of crime and fraud
Nobody is claiming they don't but that is not a reasoned argument for refuting that inequality causes crime.
Run the state by state breakdown. It's the leftist blue zones that have inequality and crime problems. Everywhere else is peaceful.
Yes, inequality between you rich coastal socialists and the real America. People like Maduro and Xi love inequality.
A famous quote by the great Royce White
“If your government is stealing everyone is stealing”
Ok, now do treasury companies; health care execs; corrupt politicians (sry, redundant)
?
I had a point with this, but in response to some other comment. Makes zero sense to me rn, so I gotta backtrack:/
Jeffery Epstein was rich AF. This is a fallacy any human can commit crime especially in the name of greed.
More education I think help but maybe better tooling I know covenants can help with the recovery of funds via vaults and stuff but I don’t really hear logical solutions to help victims recover lost coins.
A vigilante wrench-alert signal that can replace 911. Long live the Orange Guard. Semper Lucri Causa.
How much of that $11.4 billion is Bitcoin?
And how much do they lose to dollar-related scams every year?
Doesn't seem like a very useful statistic to me, and it's not evidence that the bitcoin community has ignored fraud and theft.
I still haven’t found a great explanation on how to stop it or to track coins using chain analysis to help you recover what was stolen. All I hear is “old fashioned police work” which means what?
I keep my money safe from scammers and thugs of all kinds, including those from the FBI and any other gov corporation.
P2P without KYC is the way forward; learning how to avoid scams is our task.
The liquidity on P2P networks is piss poor and Bitcoiners get scammed on there as well.
Who owns the FED?
Zionist bankers.
All cops just want to make their job super easy, regardless of the consequences. Regardless of whether they strip the rights of the innocent and destroy families.
Everything in law is downstream of that. This is no different.
Have you seen True Detective season 1 on HBO?
Yes I have seen the completely fictional series.
There are non 0 virtuous cops no doubt. However, the pattern I described is pervasive of most cops. Because they are human like anyone else responding to a pretty crazy amount of power acting as agents of the state.
I'm ok with that.
Drop the unnecessary KYC and fraud checks and blah blah, and then we can worry about/estimate how bad the issue truly is