LynAlden on Nostr: Money used to be private by default. Once it became widely surveilled in the 20th ...

Money used to be private by default.

Once it became widely surveilled in the 20th century, attempts to make money more private again were generally criminalized.

quoting note14cs…sh7a

Reminder that “money laundering” is a fake, fiat-era crime.

It presupposes the state has the right to know nearly every financial transaction made by its citizens, despite the 4th Amendment.

It has only been a crime since the 1986 Money Laundering Control Act. And the term itself only goes back to the 1970s, a typical case of wtfhappenedin1971.com.