Quite disturbing to hear these "privacy" experts talking about how they prioritize regulation over human rights. The reason that the regulators freak out when you tell them that they can have the keys to unlock the data is they KNOW this is a violation of human rights. It is a basic human right to have privacy. It is promised in the Constitution of the United States. The regulatory tracking of everyone's money is simply a violation of human rights and instead of standing up for that, all of the panelists gave mousy answers about how they will bow to authority and that what they are doing needs to comply. If you don't believe in privacy as a human right, maybe you should be doing something else. There are plenty of transparency projects. But if you actually believe in privacy, it is incumbent upon you to point out that these authoritarian policies are fundamental violations of the citizens' human rights. You want to make sure your technology isn't used by "bad guys"? First step = don't let the bad guys violate your human rights. Yes, money will be used for bad purposes. So will e-mail, instant messaging, roads, luggage, and hammers. That's not your responsibility. If you are a privacy protocol, your responsibility is to protect human rights, not authoritarian policies.