miljan on Nostr: This. The Bank Secrecy Act must be overturned to enable commercial entities to ...
This. The Bank Secrecy Act must be overturned to enable commercial entities to provide transactional privacy to their customers.
One can imagine a reemergence of free banking based on Chaumian ecash tech like cashu, fedimint, and others.
One day, it would be nice to see a well-capitalized challenge to the Bank Secrecy Act on 4th amendment grounds.
The Founding Fathers would be rolling in their graves if they saw that people need a license to transmit money, or that the government thinks it has the right to surveil and censor everyone’s money and transactions.
The default is privacy. To infringe on someone’s privacy should require probable cause and come with checks and balances. Ubiquitous surveillance shouldn’t be the default, since it enables tyranny. 
Published at
2024-04-28 16:38:07Event JSON
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