there is no legitimate reason to require transparency, any such requirements are an abuse of the power given to government and are anti freedom.
Discussion
And yet the entire bitcoin blockchain is public and that's seen as a good thing or at least downplayed around here, and posts on Nostr are public as well, curious.
(And don't give me cope about how Lightning is totally anonymous, the people who own the internet infrastructure can learn basically anything about anyone making any transaction)
There absolutely are legitimate reasons for transparency. If every transaction in the economy was completely untraceable, there would be massive fraud, money laundering, and crime. You think the banks and very wealthy ppl wouldn’t exploit that at your expense?
Well, to be fair...When the justice system is completely broken and two-tiered, I'm not sure transparency really does "we the people" any good except to give everyone something to scream and shout about.
See: Nancy Pelosi insider trading, also Diane Feinstein, and okay pretty much everyone in Congress.
Do personal finance reporting requirements actually deter any elected official from making corrupt deals these days?
Rules for thee but not for me
I can think of a couple institutions with zero transparency
The Federal Reserve
The Bank of International Settlements
It’s just a fundamental flaw with the system. The ppl making the rules aren’t going to impose rules on themselves. What they do is criminal imo. But that’s aside from why some transparency is legitimate.