nostrnaut on Nostr: to clarify an important moral distinction between fiat money laundering and ...
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
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. 
Published at
2024-04-25 16:50:47Event JSON
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"content": "to clarify an important moral distinction between fiat money laundering and coinjoining sats:\n\n- #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\n\n- 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\n\nnostr:note14csdgnum2xkte2d46n2ru6e30eshfvncldqf6vvnp88kj0xf5x3qfwsh7a ",
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