4 ms·
I wonder how some of the legal doctrines described would treat stolen zcash, since anonymity of some transactions can be guaranteed mathematically (assuming som
by zodiac 9y ago
I wonder how some of the legal doctrines described would treat stolen zcash, since anonymity of some transactions can be guaranteed mathematically (assuming some cryptographic assumptions). If a jurisdiction would, for a broker that didnt keep good records, place liability/taint pro rata on all its depositors, would it follow that all participants in the zcash network are similary pro rata responsible for reimbursing stolen coins in the eyes of that jurisdiction?
- ThrustVectoring 9y agoIf all zcash is pro-rata considered "stolen" when one is, then you could argue that zcash participants are all knowingly transferring stolen goods (since it's public knowledge that some portion of the zcash is stolen). That'd be enough to shut down the network at the interface with the state-sanctioned banking system.
- mapumpum 9y agoAll these legal theories will not matter, because the entire problem will immediately become dangerously political. When the protesters started marching in 2011 in Syria, Bashir thought that he could solve the problem by putting a lot of them in jail. Well, outside the small area that he still controls today, the entire Syrian police force has been exterminated. They are all dead now. The political situation in many countries is already explosive without provocation. The state-sanctioned banking system is generally hated. Too many people already are looking to overthrow the ruling elite. All that they still need, is a flimsy excuse.
- rohit2412 9y agoI don't agree with the reasoning. Since we all know that a few currency notes are stolen sometime, the entire usd cash system will be shut down?