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Suddenly lots of people with guns to go get your money back is a very useful feature compared to some cryptographic guarantees that people with guns can't get y
by fleitz 9y ago
Suddenly lots of people with guns to go get your money back is a very useful feature compared to some cryptographic guarantees that people with guns can't get your money back.
- EGreg 9y agoOh please, consider the freedom of people to lock up their money and not get it back! These men{!} with guns first send a letter to an ETH autonomous corporation, then when it doesn't respond, they threaten it with guns. That's the State. {!} Thanks to today's progressive reforms the State now also employs women with guns. We should just say people with guns to not be sexist.
- derefr 9y agoA given "ETH autonomous corporation" might not have any controlling entities that are accessible to the wronged State. Foreign shell companies are already hard enough for most governments to deal with—and that's with trade agreements that enable them to compel disclosure of ownership. DACs are foreign shell companies without a governing state to point guns at. Sure, if the DAC does business in the US, the US government can shut that business down—much like the US government can shut down a domain name associated with foreign illegal activity. But that doesn't stop the business from operating anywhere else. Nobody has the ability to shut down the whole business.