Avatar
nat brunell
b33904623d5b5f2fa36271011d611d4d0fdb56e033d75c17c98830ba86815eb0
Bitcoin podcast host, educator and media commentator
Replying to Avatar L0la L33tz

We all need to be very aware that what nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 is describing here is not some distant dystopian future. It's our dystopian reality.

In May, Elliptic, together with researchers from MIT and IBM, developed a dataset to identify "the shape of money laundering" on the blockchain.

This dataset attempts to predict money laundering activity that has "not yet been labeled" by distinguishing between what the dataset defines as "anomalous signatures" and Bitcoin transfers between "licit services".

Falling out of these clusters deemed normal by intelligence financed corporations already leaves you penalized. Avoid KYC services? Flagged. Can't tie your transactions to a bank account? Flagged. Frequent user of coinjoins? Flagged.

You are already being debanked because a computer program has decided that you are a money launderer – not because you did something illegal, but because your transactions are deemed abnormal – and you have no legal recourse as suspicious activity reports swear financial institutions to absolute secrecy.

It's the full on criminalization of privacy in finance. The future is here, and it's Orwellian.

https://m.primal.net/JgAW.mp4

Yeah