Bitcoin and other non-sovereign digital currencies are an incredible invention for the technologically

enfranchised to flee these local currency regimes.

And the point is that we shouldn't just be cheering Bitcoin's rise and fiat's fall.

We should be championing the companies and projects who are trying to make it easier for people

in these ecosystems to figure out how to

opt out and preserve some of their wealth. Welcome back to The Breakdown with me, NLW. It's a daily

podcast on macro, Bitcoin, and the big picture power shifts remaking our world. The breakdown is

sponsored by Crypto.com nexo.io,

an elliptic, and produced and distributed by CoinDesk. What's going on, guys? It is Friday,

October 23rd, and today we are talking about fiat failures this year. First, however, let's do the brief. First up on the brief today,

the Department of Justice's crypto enforcement framework is a disaster for digital privacy.

This is according to Marta Belcher, an attorney for the Electronic Frontier Foundation. So the DOJ

came out with this enforcement framework and people have been

spending the last couple weeks pouring over it, trying to figure out what it means, and what they're

coming to the conclusion of is kind of the worst case scenario. Let's look at two different dimensions,

one around encryption and then one on private transactions. When it comes to encryption, quote,

the framework is making the exact same arguments that you've been seeing made for decades about encryption.

These are the same arguments that are against encryption,

and they're coming from the exact same place as the fight against encryption.

The DOJ and its allies are overlooking a few basic points about encryption.

First, that strong encryption itself enhances public safety and prevents crime by protecting

people in their data.

...