(Last Updated on January 24, 2021)
You can take the orange pill anyway you want…
Some like to smoke that fiat properly!
It did not take long after Satoshi released Bitcoin for it’s decentralization nature to start being taken advantage of by various nefarious groups over the years. Being decentralized and existing “outside of the system”, Bitcoin’s peer to peer anonymous transactions were excellent for early TOR users, dark web, and MDMA ravers..
From mafias to cartels, Bitcoin has been involved in a number of drug rings like the Silk Road.
Sure, we don’t want to celebrate it, but often times these anonymous parties are the first to find a new, soon to bloom technology.
Since the SEC and other countries have now regulated Bitcoin as property – we have seen much tighter KYC and anti-money laundering laws regulate our exchanges and on-ramps to buy cryptocurrency.
Resulting in higher trust, higher fees.. but a lot less criminal activity.
Bitcoin has less than 2% illicit financial activity occurring in 2020!
No matter how you find your way into Bitcoin, you’ll love the freedom it gives you – where you take that and how you use it is up to you..
Hopefully you dive into crypto the legal route and take care to know your privacy rights and laws on exchanges.
Good luck on your trip!
We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.
Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can’t get privacy unless we all do, we’re going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don’t much care if you don’t approve of the software we write. We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.
Cypherpunks deplore regulations on cryptography, for encryption is fundamentally a private act. The act of encryption, in fact, removes information from the public realm. Even laws against cryptography reach only so far as a nation’s border and the arm of its violence. Cryptography will ineluctably spread over the whole globe, and with it the anonymous transactions systems that it makes possible.
For privacy to be widespread it must be part of a social contract. People must come and together deploy these systems for the common good. Privacy only extends so far as the cooperation of one’s fellows in society. We the Cypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves. We will not, however, be moved out of our course because some may disagree with our goals.
The Cypherpunks are actively engaged in making the networks safer for privacy. Let us proceed together apace.
Onward.– Eric Hughes “A Cypherpunk Manifesto”
Here are a few links to help you down the Bitcoin rabbit hole:
-> The original Bitcoin White Paper by Satoshi Nakamoto “Bitcoin:Peer-to-Peer Electronic Cash”
-> Hal Finney’s website (one of the original miners and participants in the core code release and maintenance)
-> Eric Hughes “A Cypherunk’s Manifesto”
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