>Do you also call it a "privacy disaster" when your bank account requires your name and address so they can report interest payments to the government?
Yes. Do you not? They have no right to that information. Why do so many in the "hacker" culture simp for the authority structure?
Hi. I started hacking in 3rd grade in Apple Basic on an Apple IIe, published dozens of CVEs in my youth, helped start a hackerspace, build sota robots, etc etc etc.
Pretty sure I get to call myself a hacker in any sense of that word.
I’m a fan of KYC and paying taxes precisely because I’m a hacker and can immediately see how easy it is to hack civil society without those things.
Also, this isn’t a forum for hackers in any definition of the word. It’s a public discussion forum run by and often for the benefit of a powerful and rich VC firm with substantial investments in alt fin tech speculation. are you sure you’re not the one simping?
Most folks here arguing that banking laws are also a privacy disaster only because of the proposed law. I'm not saying they were ok with it earlier and changing their stance now. Just that, they simply had no stance earlier and accepted the status quo.
(Personally, I think the wording has to be tightened. My only stance is crypto should be on-par with other banking laws. No special treatment. Crypto should (hopefully) succeed but shouldn't become a refuge for money laundering, facilitation of crimes and other less than desirable activities. It could lead to long term harm for the ecosystem than adding KYC and making it mainstream.)
Be careful to attribute what you read on Hacker News to the entire "hacker culture". There are so many strongly held opinions I've never heard hackers say out loud in real life, most famous example must be about unions. I've heard zero hackers arguing that unions are bad in real life, while when the discussion comes up on Hacker News, the discussions seems to lean 50/50 on if unions are actually good or bad.
If you don't believe that the government has the right to make laws, then that's one argument.
If you don't believe that the government should be allowed to attempt to tackle money laundering, that such crime is simply to be shielded at all cost from being reduced, then that's another.
So the question is "what do you want?".
And the cryptocurrency community has been completely unable to present anything that isn't literal anarchy or feudalism. And guess what, nobody will be able to sell anarchy or feudalism to the general public, or even outside a very very small community.
Yes. Do you not? They have no right to that information. Why do so many in the "hacker" culture simp for the authority structure?