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arturas_rizen1 karma

Agreed, there is a middle ground sweet spot. However, American politics like to simplify things to a very boolean nature and they make the small common person believe they want the rules that'd benefit them just in case they got extremely rich.

Hoping these alternative systems see adoption not through changes in the legal system, but objective value derived adoption. Actually, I think it is the only way. So many people have faith in the parties that will some day prosecute the criminals. Too bad they run it all already. Best to abandon ship with the idealists looking for a new beginning.

arturas_rizen1 karma

Over the years, it has become increasingly obvious that the ones who benefit the most with 'privacy' are the ones that have the most to hide, especially when those responsible of banking systems have incentives to collaborate with corruption for their own profit.

If we are ever able to move to a new paradigm where we have open transparency on pools of money that deserve eyes on them (such as public infrastructure) as well as the safety of private transactions when we need them, I hope very much we can overcome this industrial-scale money laundering - specifically via distributed ledger and blockchain technology. Problems can only be resolved with increased transparency, equivalent for all parties in the system, and obviously more problems happen when you have disproportionate transparency granted to a select few. Do you agree with this perspective? Otherwise how do we go about stopping this in the future?