ALL surveillance and control, all AML, KYC and all violations of privacy are completely unethical, immoral and illegitimate. All of them! As recently as the 1990s, one could purchase stocks without providing identification. Bank deposits below arbitrary thresholds required no explanation or documentation. Cash transactions, regardless of size, were presumed legitimate unless specific evidence suggested otherwise. The default assumption was that individuals had the right to conduct their financial affairs privately, with the burden of proof resting on authorities to demonstrate wrongdoing before intruding upon that privacy.

This historical norm was not an oversight or a failure of governance, it was a recognition of a fundamental principle. Free societies operate on the presumption of innocence, treating citizens as autonomous agents capable of managing their own affairs unless proven otherwise through due process. The current system inverts this relationship entirely, treating every citizen as a potential criminal whose financial activities must be continuously monitored and pre-approved by state bureaucrats. Given how KYC for everything short of going to a rest room is being normalized, the world needs more privacy protecting tools, not less.

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Perhaps the eradication of the presumption of innocence (a legal principle going back at least to Magna Charta 1215) within finance is a testing-ground to see what people would tolerate?

The answer seems to be a lot.

I remember the recent "pandemic" where everybody was presumed ill unless they could prove otherwise - a first in world history I believe (correct me if I am wrong). The presumption of medical innocence was abolished..

LLM/AI pre-crime will take these threatening trends against humanity and dignity to the next level.

You nailed it on the head Martin! The plandemic was a great revealer of how easy it is for the powers that be to revoke human rights in the name of "dealing with a public health emergency". This is possible where gvt is a master over the citizens and people have the idea that it's the state that grants them their rights. In finance thanks to the Patriotic Act, the presumption of innocence exists in name only.

Digital ID = your identity belongs to them.

Presumtion of identity? Lost.

> You are not you unless you can prove it though their system.

But that's an anti-human idea as well.

We are persons with relationships and group belongings - this is where our "real IDs" come from. Confidentially they are using this phrase for their fake fiat IDs in some jurisdiction(a).

Spot on!! 🎯 🔥 In a few short sentences you have deconstructed the logical fallacy upon which state issued ID's are built on. The statist idea is that they get the exclusive right to assign you a verifiable identity, just like how only they have the right to issue currency.

You've masterfully summed it all up!

Thank you! 🫡🤝

Actually here in El Salvador last year the Congress ("Asamblea Legislativa") adopted a modification to the Tax Code that allows for all citizens to purchase goods or services for up to USD 25k without having to provide with any identifying data (ID card, phone number, name,... o npub, lol).

We'll see if that lightning of freedom will last 🙃.

Is this for paying with cash or for all payments in general?