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Daniel Micay
@DanielMicay
twitter.com/patio11/status Obscene punishments without due process for an imagined, victimless 'crime' is why the legacy financial system including this person's employer (Stripe) need to go. Mistake is using the legacy financial system and USD. Holding money in banks is high risk.
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Patrick McKenzie
@patio11
“What happens to the mule afterwards?” It depends. Some of them had obvious intent to commit a crime; some didn’t. The authorities usually don’t prosecute people who they think were just unsophisticated. The bank will close your account and blacklist you. They may also...
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Daniel Micay
@DanielMicay
Replying to
@DanielMicay
twitter.com/patio11/status Don't let your entire livelihood and savings get wiped with no due process because an algorithm thinks you did money wrong. Don't see how it's in any way okay. Banks, PayPal, Stripe, etc. are trash. Real issue is this corporate mass surveillance + theft.
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Patrick McKenzie
@patio11
... report you to ChexSystems as a fraudster. If they do this, you will de facto lose access to the US financial ecosystem for several years unless you are either a sophisticated crook or a wildly more savvy professional than you probably are.
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Daniel Micay
@DanielMicay
Money laundering is little different than the attempts to criminalize end-to-end encryption. Most of the "crimes" they're supposedly hindering are entirely consensual exchanges of money for drugs, sex, etc. Existing financial system is an authoritarian roadmap for all of society.
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✨saleem✨ ⍼
@saleemrash1d
Replying to
@DanielMicay
there were a lot of news articles a few years back about teenagers *accidentally* becoming money mules and then getting banned from the financial system for years, and having to give away 5% of their paycheck to predatory check cashing shops
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