Recent posts here on the sub mention (example) that "big companies" are finally thinking about integrating Bitcoin, that New Zealand has recognized Bitcoin as a valid payment method for employees, etc.
Very interesting developments, on the surface. But I can't help but think the following.
Bitcoin (and 99% of "crypto"currency out there) is functionally a bit like having a bunch of notes in your wallet that have written in them the history of all payments and people the note has been involved with and used for since its creation.
Of course, since real bank notes have no such history, you cannot reasonably in most cases be held accountable for whatever indiscretions the previous owner(s) have committed with that money.
The situation changes, most of you surely realize, the moment the money goes digital: you will be held accountable and you will be investigated if "suspicious" (exactly what constitutes suspicious activity seems to never shrink, in fact it just keeps growing) funds are tied to your account.
Bitcoin and similar "crypto"currencies compound this problem tremendously, since by design every transaction is permanently stored on a public record.
"But the addresses are pseudonymous, not tied to my name!", I hear you say.
Maybe, maybe not.
Exchanges are collecting information on all your transactions, and they know who you are. If it hasn't already, all that data will be sent to centralized, globalist organizations to "fight money laundering" (translations: keep tabs on everyone).
From that origin point, such centralized databases can then track, in real time, all your account movements - and that is exactly what is desired, after all the same already happens with your bank account, your paypal, etc.
"But I'll just mix my BTC", I hear you say.
And now you are accused of actively laundering money.
"I'll just buy OTC and never tie a single BTC to a KYC account!", you protest.
I hear you. Why voluntarily doxx yourself to a third-party that in all likelihood will end up losing the treasure trove to hackers any time from now to infinity? Why make yourself a target by having your face, your name, and your address floating around in connection to how many bitcoins you have in your name?
This stuff is different than a normal bank account. You get scammed big time, or coerced into making a transfer, if you're lucky your bank will make you whole.
Someone knocks on your door with a screwdriver and knows exactly how much BTC you own and whether you have moved it or not, and it's gone. Forever.
Many of you are beginning to wake up to the dire issues with personal privacy and data protection stemming from centralized control of vast troves of personal data, data that people (stupidly and naively) thought would be safe in the hands of giant multi-national corporations hellbent on making a profit.
There is nowdays even a term for their business model: surveillance capitalism.
I want to ask you, how exactly does having transparent money that betrays your financial situation in a real-time stream to the world improve things?
Are we going to have more personal freedom or less personal freedom, when a conglomeration of big trans-national corporations (to say nothing of the government) can track vast percentages of "crypto" transactions, with real identities attached, in real time?
(For the resisters, just bear in mind that transacting with non-KYC'd bitcoin addresses in a world of mostly KYC'd bitcoin addresses is bound to bring attention to your transactions)
Privacy is not a crime - privacy is a human right, even according to the UN, who anyway of course does essentially nothing to rock the boat on the matter. It takes a special kind of organization to claim privacy as a basic human right and then stay mostly silent about mass-surveillance, of the internet, of entire countries, of all our financial transactions.
Remember the Internet before Snowden? It was a conspiracy, the government couldn't be spying on everyone. They are, and they were.
That so many of us fail to recognize the grave danger in allowing this situation to continue is a testament to the peaceful lives most of us lead. We don't even recognize imminent danger anymore.
Wake up, the government shouldn't be spying on you 24/7. The problem is not going to go away on its own, and if you do nothing, and the next guy does nothing, and the next girl does nothing, then nothing will change, in fact it will only get worse.
And one day, history shows, it will become worse enough that you will think to yourself, "why didn't I do anything about it?".
But by then it will be too late. All the dissenters will have been silenced already. You will know in your bones that speaking against the official stories will bring unwelcome attention to yourself and your loved ones, and likely will carry severe consequences.
You will keep quiet. Out of fear.
We're not there yet, and we don't have to go there (yet again).
Privacy is not a crime, but remember this: in a world where privacy is criminalized, only criminals have privacy.
It's time to face the truth. We live in a world of mass-surveillance, and our inertia and inaction allows the situation to worsen day after day after day.
Part of the solution is technological, but another part is social. You have to at least start paying attention to all the little ways you are being tracked. And not just you - everyone else too.
If you are a happy sheep and "have nothing to hide and nothing to worry about", then the usual invitation stands: please post in the comments section a picture of yourself, links to all your social media, your email address, how much crypto you own and in which addresses.
As usual, I am willing to bet, exactly zero of you will take on the challenge, and that is because at some subconscious level at least, you realize that privacy matters.
Blockchain technology is revolutionary, but the transparency-by-default is a bug, not a feature. It will bring tremendous problems for personal freedom and financial independence later on.
Optional privacy will only cause private transactions to stand out against the crowd.
Fortunately, a solution already exists that works today, and has sub-1cent fees. It will empower and liberate you financially, if only you would dedicate some time to learning more about it.
TL;DR (by popular demand): Mass-surveillance is not normal nor is it acceptable in a free society and will inevitably over time widen the power dynamic between the government and large corporations, and the citizenry. Surveillance over others brings power over others, mass-surveillance over societies eventually brings totalitarianism. Totalitarianism, history shows, is not a nice system to live under. Choose freedom, choose privacy, eschew transparent surveillance money and embrace private digital cash.