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Overly libertarian crypto-bro vs AML regulations: EU edition (news.ycombinator.com)

submitted 11 months ago by corbin@awful.systems to c/techtakes@awful.systems

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Choice quote:

Actually I feel violated.

It's a KYC interview, not a police interrogation. I've always enjoyed KYC interviews; I get to talk about my business plans, or what I'm going to do with my loan, or how I ended up buying/selling stocks. It's hard to empathize with somebody who feels "violated" by small talk.

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[–] naevaTheRat@lemmy.dbzer0.com 5 points 11 months ago (34 children)

So annoying. There are good conversations to have about overreach and surveillance but dude, organised crime is fucking terrifying and AML is good actually.

I like buying drugs, I think there are probably kinds of crimes that shouldn't be prosecutable by evidence discovered using methods intended to stop truly evil shit and we should probably talk about that. These people though, it's always something stupid they coyly hide while acting like it's some giant assault on their rights to be interviewed in order to establish they're not trafficking arms or something.

It doesn't make for a good case. I don't think trading in crypto is inherently less moral than like buying shares in shell and some of the freak outs about it are knee jerk moral panics (seriously though please stop speculating using my ketamine coins? I just want to treat my depression) but it's dumb to get so worked up about being asked a few questions when it looks absolutely sus as hell. If I walk down the street carrying a gun bag (full of flowers, the shape is convenient) in a balaclava (the wind dehydrates my skin) it's not a fucking assault on my rights if someone asks me to show them there isn't a rifle in my bag.

[–] bitofhope@awful.systems 7 points 11 months ago (1 children)

Your dealer only takes the Ketamine coins because of the speculative value.

[–] naevaTheRat@lemmy.dbzer0.com 1 points 11 months ago* (last edited 11 months ago) (1 children)

nooooooo complicity in the thing that I loathe! Truly there is no redemption in this world of sin.

Unfortunately my options are pay several thousand every month, break into veterinary clinics which might leave them short for emergency surgery and involves some (but probably less than you think, I've seen drug safes with wafer locks lmao) risk, or use the Cryptos and pay like 20 bucks a month.

I guess suicide is in there too but I'd like to see my nieces and nephews grow up so there's that.

[–] bitofhope@awful.systems 8 points 11 months ago (1 children)

I was merely replying to this part

seriously though please stop speculating using my ketamine coins? I just want to treat my depression

Without the speculators you might as well try and buy your ketamine with Monopoly money.

No need to get defensive. If you gotta buy Monero to medicate yourself that's a failure of the system.

[–] naevaTheRat@lemmy.dbzer0.com 2 points 11 months ago

I'm not defensive I think it's all hilarious.

And not quite, I used it quite a lot in the early days when it cost a few hundred to do anything and we were giving them out for free. Speculators came in much later, they were still useful when a bitcoin was like 1 us cent.

Quite funny really.

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