It took one day for the plot to thicken
It was not but yesterday when I wrote an article about the Interpol police state's plan along with 14 other law enforcement agencies in Europe to begin an attack on the Darkweb by targeting illegal usages of cryptocurrency. Yesterday they claimed this venture was to only protect citizens from cyber attackers and terrorist plotters but today it appears that they had all along deeper roots in place to also centralize the decentralized platform by making wallet owners of cryptocurrency included in a wide scale database. Further proving their lies about respecting the rights of law abiding crypto users rights to privacy.
For details on yesterdays post you can view my article here:
https://steemit.com/bitcoin/@sflaherty/interpol-begins-policing-cryptocurrencies-used-in-the-darkweb-for-illegal-activities
PROJECT TITANIUM
Finally with a public name for this law enforcement upgrade in the EU, TITANIUM stands for Tools for the Investigation of Transactions in Underground Markets. The scope of the project is to build tools for European law enforcement to better track criminals online to prevent and enforce laws against money laundering, drug sales activity, terrorism funding, and anything they deem as illegal use of cryptocurrency. This project will cost €5 billion ($5.5 billion) and there is plans to include universities under the budget to better enhance the scope of these cyber tools for EU law enforcement.
Respecting Citizens Privacy
The kicker in this recent update is this for me. They are announcing that law abiding citizens will be safe from any invasion of privacy under this project. Then again that appears to be a false flag front seeing they announced they do not deem cryptocurrency itself should have any anonymity built within its design. Under this project they would like to enforce exchanges and wallet developers to submit account owners’ identities to a central database. What government doesn't like a good old central database? This is also under another EU proposal released on March 9, 2017 to provide a law removing any form of user anonymity when it comes to using cryptocurrencies.
As I said yesterday they released a rough look at the plans and stated there was no plans to use this against law abiding crypto users but as we can see today, they are looking for a way in to centralize this decentralized platform on a more aggressive nature in Europe, maybe the world.
Also to clarify before you get confused, this covers all of cryptocurrency, this isn't just Bitcoin or its alt cousins, they plan on this approach for the whole of the blockchain system. The tools they would like to create is to basically allow a centralized peek into everyone's activities with crypto. The greater good they are preaching is to protect us from the darkweb and terrorists but after reading more into it, they just want to have full reign to snoop inside crypto, gain a master key to all our encryption and breech those important securities in the name of democracy as central systems tend to smoke screen with.
I am all for stopping the bad guys but how many more of our personal rights do they need to take so they can do their jobs? I am starting to think we may need some activist movement here by creating some court hearings for the privacy side to our choices in this or we might as well give up the battle to have a true decentralized platform. I hate to see this turn right into what we came here to not become personally.