Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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Dutch court convicts engineer to 5 years for maintaining crypto mixer Tornado Cash (www.patrick-breyer.de)

submitted 6 months ago* (last edited 6 months ago) by grandma@sh.itjust.works to c/privacy@lemmy.ml

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[–] delirious_owl@discuss.online 8 points 6 months ago (1 children)

There's no reason people using tornado wouldn't have to disclose their sources to the authorities, same as cash.

But it does protect them from malicious actors.

[–] Serinus@lemmy.world -2 points 6 months ago (2 children)

I don't think you understand. Banks (or anyone who accepts large amounts of money) has a duty to have some idea of where that money comes from. There are anti money laundering laws.

Go open a bank account right now and try to deposit a briefcase full of $50,000 in cash and see what happens. You might, maybe be able to do it, but there will absolutely be questions.

[–] mister_monster@monero.town 5 points 6 months ago (1 children)

We know what the rules are dude, we are saying they're wrong.

[–] uis@lemm.ee 3 points 6 months ago

I think it will go to my quotes collection. "We know what the rules are, we are saying they're wrong".

[–] delirious_owl@discuss.online 4 points 6 months ago

That doesn't apply to small amounts below $10k

But, again, the same applies. I deposit btc or cash into a bank, even $50k, then I disclose its source to the authorities, with the paperwork. But by using a privacy service, I can comply with the law and protect myself from malicious actors

Go open a bank account right now and try to deposit a briefcase full of $50,000

I've done this. They ask you for the paperwork documenting the source of the funds. Just follow the process. It doesn't matter if its fiat or crypto.