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> That money in the bank account is yours, unless seized through a legal process. And this is because through the centuries we have enacted enough laws to dete
by JorgeGT 7y ago
> That money in the bank account is yours, unless seized through a legal process.
And this is because through the centuries we have enacted enough laws to deter private banking companies from messing with our money. If left to their own devices, we would have DRM-ed money, random service terminations, unexplained money loses, etc. We just need to extend these rights and safeties to other spheres of our digital property through the use of law and its enforcement.
- SllX 7y agoYes, but a bank can still terminate its business with you. It just has to return your money to you. Now if you’re suggesting we have a law that companies which hold our data have to return our data when they terminate their business relationship with us, I wouldn’t necessarily disagree.
- JorgeGT 7y agoThe legal obligations of a bank towards its clients generally extend way beyond your example, depending on the country, but yes, returning the client belongings upon termination of the relationship should be a basic right mandated by law. I think it is profoundly absurd that we are renouncing hard-fought consumer rights just because business is now being conducted electronically. If the letter of the law no longer matches the spirit, we should update the letter, not lose the spirit.
- SllX 7y agoI think we agree more than we disagree. Thank you for your time.