How Kraken Began Their Fight for Financial Sovereignty: Jesse Powell interview

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4 years ago

Jesse Powell, CEO and Co-Founder of Kraken, chatted with me about how he started Kraken, how crypto can change the world, and regulatory compliance vs. the right to financial privacy.

Kraken is one of the largest and oldest Bitcoin exchanges in the world, and has been on the forefront of the blockchain revolution since 2011. They've been an important part of the fight for financial freedom and inclusion.


#bitcoin #blockchain #kraken #privacy #regulation

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Jesse seems like a very nice guy.

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4 years ago

He's the best

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4 years ago

Good interview.

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4 years ago

There is no positive right to privacy. All those data protection laws that Europe (for example) is passing are just destroying the industry and violate my negative right to interact with others under any terms I chose, even if those terms are that they will not really respect your privacy.

There is an often violated negative right to not having to prove that you are innocent especially for victimless crimes (AML) and a negative right to not being forced to answer questions or being forced to ask questions (KYC). Respecting these two negative rights will effectively result in privacy when needed without forcing it upon anyone.

Privacy should be treated the same way that Rothbard treated freedom of speech. There is no right to freedom of speech. There is a right to be allowed to own a printing press or a pen and be allowed to use it as you want without violating other people's rights.

Treating it as a negative right explains easily why you should not be allowed to speak freely in certain cases. You are not allowed to shout or even talk inside a cinema. Why? Because you promised not to do so when you entered a privately owned cinema under the owners terms of service. Your positive right to freedom of speech would be violated but if you view it as a negative right to using your property freely it can and should be curbed when you are trying to use other people's property to facilitate your freedom of speech.

Some can be said about privacy. You cannot force websites to treat your privacy in a certain way. If you don't like their terms, don't use them. But you should be able to to not be forced by the government to answer to their questions on their whim or to have spyware installed in your devices without your knowledge. But those are wrong because they are private property and self ownership violations.

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4 years ago