@amaranthus That's true, the end goal of most regulation is always to just reduce competition, which is great for incumbents and makes it easier for the state to have control over an industry
AML laws are not only privacy destroying, but also ridiculously ineffective:
"Anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises."
@nvk The world isn't perfect. Having bitcoinhackers.org is still a huge improvement over Twitter. You don't need to solve every problem perfectly, first try.
Mastodon is great but just don't use it for DMs, there is no end-to-end encryption and @nvk can read everything