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While formally and legally you are correct, Money is data and data is money. I believe that argument at hand is that massive digital services providers, by pow
by prebrov 10y ago
While formally and legally you are correct, Money is data and data is money.
I believe that argument at hand is that massive digital services providers, by power of the market forces, had become just as essential part of our infrastructure as banks. Their behaviour has played a huge role in establishing this position and setting this expectation.
So, the philosophical question is whether Google, AWS, Facebook, et.al. are now "too big to fail" to be subjects of regulation due to their critical role in ensuring preservation and accessibility of human knowledge. They are already being regulated by tons of parties, domestic and foreign, to keep some (lots?) information inaccessible.