6 ms·
>Zcash isn’t intended to facilitate crime, but also notes that the company isn’t liable for any criminal applications for which Zcash is used. “The people who b
by bduerst 11y ago
>Zcash isn’t intended to facilitate crime, but also notes that the company isn’t liable for any criminal applications for which Zcash is used. “The people who built the first cars weren’t held responsible for car accidents or bank robberies,”
Good luck with that, especially as a registered for-profit organization.
Car manufacturers are required to report VIN numbers and allow for license plates, on top of a number of other mandatory regulations. Road access is also a priviledge, and automobiles not meeting certain standards are not allowed.
- dmix 11y agoCar manufacturers can report VIN numbers without destroying their business. If zcash is compelled to then they're business will no longer exist, as the primary incentive to using it (privacy) is no longer there. The question is whether a judge is willing to destroy a company in order to pursue law enforcement goals. Regardless, this doesn't mean zcash will die necessarily. As it will be open-source and has the ability to continue functioning without a centralized organization.
- gamblor956 11y agoZcash can't get around financial institution regulations simply by disclaiming liability. If that worked, banks and other institutions would have done so by now. But yes, a judge would be perfectly willing to destroy a company in violation of the law. See, e.g., Aereo and its ilk.