Effective altruism is actually a great cautionary tale about what happen when a consequentialist/utilitarian ideology abandons virtue ethics.

To create that separation we need a competitive market for identification, a competitive market for financial services, technologies that allow for selective disclosure to FIs of risks carried by certain credential holders (VCs ZKPs MPC), and maybe limits on performing both ID and Banking activities

Indeed, in a free society, we should actively seek to deprive financial institutions of any knowledge of our politics, race, sexual preferences, religion, speech activities, etc.

Sounds about right. I miss civil libertarian bipartisanship.

They should talk to folks in crypto...

None of them were at all reusable. An entirely unsustainable model for just about anything aside from nation-states militarizing space. Falcon changed that and starship will do the same for super heavy payloads.

But these cases about remittance providers are perfect. Hopefully it's the beginning of a wave that severely limits the amount of warrantless financial surveillance the government can get away with in America.

I had selfishly hoped that the last straw might come because of an overzealous expansion of surveillance obligations for crypto software developers which would be able to fight in court. That's why we published our report on Electronic Cash and the Constitution.

CC @neerajka.bsky.social