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Bullcookies. Transmission laws are the cause of both the stagnation and the innovation. Innovation is literally people finding new ways around established metho
by liquidise 11y ago
Bullcookies. Transmission laws are the cause of both the stagnation and the innovation. Innovation is literally people finding new ways around established methods.
Put a blockade up, and people will innovate around it. Engineers are not known for going gently into that good night.
- thinkcomp 11y agoAnd your evidence for this wild notion--that money transmission laws spur innovation--is?...
- dublinclontarf 11y agoBitcoin?
- thinkcomp 11y ago...except that A) Bitcoin doesn't get around money transmission laws, it causes large numbers of people to inadvertently violate them; B) that's why Coinbase had to completely shut down in Wyoming as I recall; and C) is anyone seriously suggesting that Satoshi Nakamoto took a look at some state money transmission statute or 18 U.S.C. § 1960 and decided to create Bitcoin as a result? If so, that would be the first time I've heard that.
- kchoudhu 11y agoThis isn't Uber fighting petty city bureaucrats and taxicab owners; "disruption" in this field fucks with what it means to be a nation state, and the state will never tolerate any infringement on its right to issue and manipulate currency. I'm not saying that innovation isn't possible -- I'm just saying that it has to come from within the establishment.