It isn't fine. Third Party Doctrine. You don't have expectation of privacy or protections from search and seizure. You waived them by using the middleman.
Yes. There is some surface sarcasm, but also complete, genuine, resigned sincerity. You have to take in and appreciate a lot of non-statutory law, which no one tends to explain to the populace in a general and succinct way to inform them of how the world (in this case, the U.S. financial system) is architected.
It has been hewn, unambiguously, into a tool that functions primarily to make law enforcement tractable by plugging into the end objective of the vast majority of criminal activity: financial gain. This means arbitrary middlemen, lack of KYC, non-presence of AML precludes the existence of low friction, anonymous finance.
I didn't want the status quo, I don't believe it's right. I've dug into how it works, and I stepped away from what had hitherto been a productive and lucrative career because I can't support it through positive action anymore. It isn't right. Don't know what's more right, but I damn well know we shouldn't have the financial system acting as a surveillance device.
We might be able to say it hasn't destroyed itself yet?
And what is meant by the "present system" is unclear. Plus the present system cannot be the past system so your choice of words is kinda weird!
Sorry, pedantic nitpicking can be a hobby. I don't like this comment.
No electronic funds transfer without that transparency of origin, says the man in Washington.