Happened to run across a bitcoin wallet that had a 0.1 BTC transfer limit (2 BTC transfer limit with a KYC authentication). Founder's justification was that transfer caps would limit money laundering.
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2/ The concept of state oversight on the flow of capital is a recent phenomenon. When given the choice between control and laissez faire, the state usually errs on the side of control, unless explicitly forbidden by its founding charter #Constitution
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3/ Decentralized assets won't lead to more tax evasion, it will lead to a different set of constraints for tax collection and capital controls, and will therefore lead to a different mandate for the state's control of private assets
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4/ There will be pressures to the contrary; state impulses tend to run self-preserving and conservative. States crack down on exchanges because it is harder to control the unlicensed many over the licensed few.
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5/ The onus for the builders in this space should be to steer the dialogue toward new monetary paradigms that preserve users' and stakeholders' freedoms. Capitulating completely do NOT accomplish this.
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True. Think on the balance nations that started out with strong mission statements and a steadfast tradition of reminding future generations of that mission tends to err a sliver less than others.
