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in large part this is made easier because most money travels by known and monitored channels (banks, businesses certified to be money transmitters, etc) with ve
by leeoniya 9y ago
in large part this is made easier because most money travels by known and monitored channels (banks, businesses certified to be money transmitters, etc) with very little going via cash.
data on the other hand is a much more diverse & fluid asset that travels via a million unmonitored/encrypted channels and can be copied easily. if all money could be easily copied and most transactions were in cash, proactive regulation would be too expensive. i think.
- JumpCrisscross 9y ago> data on the other hand is a much more diverse & fluid asset that travels via a million unmonitored/encrypted channels and can be copied easily Securities are quite diverse. And people regularly try to get around securities regulation by calling their securities "stamps" or "tokens" or "coins" or whatever. A regulator for social media companies over a certain size might not be a bad idea. (My preference is consumer controls with strict penalties for non-compliance, à la how Illinois governs biometric data [1].) [1] http://www.chicagotribune.com/business/ct-biz-facebook-tagging-privacy-lawsuit-20180417-story,amp.html http://www.chicagotribune.com/business/ct-biz-facebook-taggi...