I'm increasingly worried that the features of crypto-currencies sought by cypherpunks (like me) are basically identical to the features ideal for money laundering.
I don't see the problem. Living in a free world is dangerous, and undesirable things (might) happen. But how is it justified to restrict the freedom of one individual, because of something somebody else did (or worse, might do)?
Money laundering is just a sequence of voluntary transactions between consenting individuals. No reason that should be illegal and there's no reason the government needs to be able to trace every financial transaction back to its source.
Organized crime? Feh... government (or what passes for government these days) is organized crime.
I don't see the problem. Living in a free world is dangerous, and undesirable things (might) happen. But how is it justified to restrict the freedom of one individual, because of something somebody else did (or worse, might do)?
Money laundering is just a sequence of voluntary transactions between consenting individuals. No reason that should be illegal and there's no reason the government needs to be able to trace every financial transaction back to its source.
Organized crime? Feh... government (or what passes for government these days) is organized crime.