Oddbean new post about login | logout 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. https://image.nostr.build/44dbb9966b80c5b242636e991e2ff9d182304ee757c035a0a1df90b3a6bc4aed.jpg
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.
In the 50s, our women laundered our money by hand 😅
A reminder that big bank execs are never arrested when their banks launder money for cartels.
"muh constatooshun !!" 🤣 ...was flushed down the toilet in 1865.
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 nostr:note14csdgnum2xkte2d46n2ru6e30eshfvncldqf6vvnp88kj0xf5x3qfwsh7a
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.
So is possession of cannabis and firearms. Its almost as if we are literally required to engage in politics to fix this whatsoever.
