Oddbean new post about login | logout German party Die Linke just filed a formal inquiry into the use of blockchain surveillance software with the German government. It wants to know the government's minimum requirements for error rates and verifiability of the software used. It directly references the use of Chainalysis Reactor, the accuracy of which was recently questioned in the trial of alleged Bitcoin Fog operator Roman Sterlingov. Die Linke states that: "In the view of the questioners, there currently seems to be no apparent evidence that the methods used for the forensic analysis of virtual payment flows meet scientific standards". But that's not all. Die Linke wants to know how many cases have been filed with Financial Intelligence Units on suspicion of money laundering, and how many cases actually resulted in criminal prosecutions – noting that, in light of a total estimated volume of more than €100 Billion laundered in Germany each year, the portion of cryptocurrency value contributing to overall money laundering volume is expected to be "negligibly small". And here's the best part: Die Linke also wants to know how the government distinguishes between legitimate use of mixers and criminal use of mixers, and whether the government is planning a potential mixer ban or other forms of regulations. Die Linke states that "coinmixing" and other anonymization software "corresponds to a widely held need to protect one's privacy in times of ubiquitous technological surveillance by digital corporations and government authorities". Bullish af on financial privacy today. Full story: https://www.therage.co/german-parliament-faces-questions-on-blockchain-surveillance/
One should not be deceived: if such a party (communists) were to come to power, it would use AI to eradicate any form of economic thinking
Interesting
The Left Party is going under as a party nationwide. In view of the fact that the Left Party has shown no interest in Bitcoin whatsoever to date and has been rather dismissive, the Small Question to the Federal Government can only be understood as a (state parliament) election campaign maneuver (There are elections in two federal states this weekend.). The only remarkable thing is that the group (no longer a party in the Bundestag) knows that there are many voters who are interested in BTC and for whom BTC is an increasingly important issue. And furthermore: if the Left knows it, then all other members of the Bundestag know it too. Nevertheless, for years the Bundestag has only made decisions that block Bitcoin and hinder its development. Ergo: here too, the legislators - after being elected for another 4 years - are turning against the citizens. The MPs know what is good for the citizens and the economy, but do the opposite because the latter serves their interests, the preservation of the status quo. so easy to see through this shit
