These laws are being passed by politicians who generally don’t understand technology. What they will achieve is a reduction in privacy and liberty for every citizen in the EU and easier methods to clamp down on dissent. Just because it’s not technically perfect or difficult to implement fully doesn’t mean it’s not a threat. It’s one step closer totalitarianism, and what’s stopping totalitarianism is everyday people, one step at a time, battling it back.
Commercial transactions -
Aaah, the kind of transaction that most transactions are?
Operated by providers
Aah, so any business which accept crypto must KYC every one of their customers. This makes accepting crypto especially burdensome, which is half the point of this legislation in the first place.
So non-commercial transations are fine, as are crypto transactions to non-custodial wallets.
Unless you’re using the wallet to buy or sell something. You know, the thing people use money for.
Why does the government need to have every transaction reported to them? Crime is bad because it causes harm. If harm is being caused, that means a person or entity is causing that harm. That means there is evidence. Follow that.
Police have more surveillance and crime-detecting tools than at any point in human history. Nearly every category of crime, particularly violent crime, is on a decades-long downtrend. We all travel with GPS monitors in our pockets. We all use credit cards instead of cash. We all are recorded by CCTV 90% of the places we go. We don’t need to give them more financial surveillance because ‘crime’.
Except they already made Oracle handle all that and they can easily legislate privacy protections without banning TikTok entirely. And, again, it is my right as a citizen to install whatever app I want even if it is spying on me, just like the rest of my apps do. I could film every second of my life and put it up on Facebook or a personal website and the Chinese government could watch it and there’s not a damned thing the US government can do about it.
Pro tip: The Electronic Frontier Foundation is a non-profit which has been defending your right to privacy for many years. If you shop on Amazon, you can give a portion of the purchase price to EFF. You pay the same amount and daddy bezos gets a few less dollars. Use the affiliate link, not the smile link as smile has been sunsetted: https://www.eff.org/node/58741
Definitely a step in the right direction for the Tor network. If they wanted to take it to the next level, they could use blockchain to enable people to buy “priority” access in some way (Monero, lightning, their own token, whatever). This could subsidize people who host Tor routers, while making sure a free tier was enabled for all users who need it. This could massively increase the size of the Tor network as right now Tor server hosting is just done out of expensive altruism. Bigger network = bigger free tier = faster Tor for everybody.
If you are an American and care about privacy: