We often see that surveillance is a good thing, at least that’s what our governments are telling you, for their own selfish reasons.
What is surveillance? When law enforcement agencies and government entities want to gather information about a crime, detect or prevent crime, or investigate crimes that have already taken place, they use surveillance. Surveillance is defined as conducting close observations of an individual or a group.
What is surveillance?
We identify that it is about fighting crime, malicious activities in terms of how the Government sees it. If you look, Surveillance is defined as “attentive observation, as to oversee and direct someone or something.” There are many explanations and forms that you will hear.
The truth behind compliance
Only cash payments are non-traceable if you buy something without a legal document (your identifications). By all means, people love to use this option the most, but when the digital payment world arose, so the “security, compliance and the need to track where the money goes.” Why? Because not you, the regular taxpayer or entrepreneur, but so the big guys can see if the small guys stay in order. So the big guys can manipulate anything they want in the market, send payments to each other as they wish and be speculative to the small guys.
The rise of compliance in the blockchain and cryptocurrencies have arisen since the big guys felt “empty-handed.” So, they intend to support the same approach as FIAT to go for crypto’s regulator and trackable space. A lot of communities, people with great intentions are supporting the DeFi. Decentralized finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments. Instead, it utilizes intelligent contracts on blockchains, the most common being Ethereum).
A warning about increased surveillance
It means there is no space for the big guy. But they intend to chip in. Tools like Chainalysis, which have raised an extra $100m, reaching a value of $4.2 billion, is very disturbing, especially when their message was ” to deepen the data to cover more cryptocurrencies and focus on use cases like DeFi. Chainalysis helps government agencies, cryptocurrency businesses, and financial institutions engage confidently with cryptocurrency.
This is a battle and a war between the big guys and the small guys. Big guys represent the banksters and global order, but the small guys represent IT people who care about where the world is going.