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No, we really don’t need to question that. Financial laws exist for a good reason. Nor should some private company have more power than a sovereign nation just
by bongobongo 7y ago
No, we really don’t need to question that. Financial laws exist for a good reason. Nor should some private company have more power than a sovereign nation just because.
- camjohnson26 7y agoAssertions aren’t proof, and no one said there shouldn’t be any financial laws. Do you have anything to add other than an unsupported opinion?
- bongobongo 7y agoNope, I feel that my opinion reflects both the conventional wisdom and the expert consensus, which would be a waste of my time to reiterate. It’s the people arguing a multinational corporation ought to be able to circumvent the laws of sovereign democracies that have ‘splainin to do
- lacker 7y agoNo, we really don’t need to question that. The main reason we do need to ask the question is that Bitcoin is currently effective at preventing governments from blocking Bitcoin transactions. Even if financial laws exist for a good reason, they don't supercede the "natural laws" of cryptography that determine which actions are possible. So the question isn't whether Facebook should have the power to do X. The question is whether Facebook should be allowed to do X, given that Bitcoin is already permitted to do so.
- stale2002 7y agoWould you say the same thing about privacy, or speech? It is bad that there are private companies, that allow me to engage in free speech, anonymously, without the government knowning my every move?
- bongobongo 7y agoNo I wouldn’t because that would be dumb