On bitcoin and cryptocurrencies

In this talk, Andreas makes a connection between medical pseudoscience and modern financial totalitarian surveillance, as practiced by banks and state intelligence agencies. He explores the hidden externalities and moral hazards inherent in KYC/AML policies, disconnecting whole countries and even continents from the world economy.

Why is it common sense that money laundering is the fundamental business of fully-licensed, regulated banks? Who runs the real “dark net”? He urges that before people try to fix things they should first be sure they’re not making it worse.

If you want to learn more about Bitcoin, I strongly recommend you to read his book: The Internet of Money.