3 ms·

open source: not exclusive to blockchain permissionless: seems to be code for "lets you do things that are illegal" programmable: not exclusive to blockchain

by ac29 6y ago

open source: not exclusive to blockchain permissionless: seems to be code for "lets you do things that are illegal" programmable: not exclusive to blockchain trustless: also attracts those that are untrustworthy (scammers, etc) unstoppable: seems to also be code for "lets you do things that are illegal", and im sure the various people who are in prison and/or under investigation for their various blockchain related crimes would disagree with how "unstoppable" it really is

kls 6y ago
So just to be clear illegal does not mean immoral. Lets assume that tomorrow a percentage of nations decided to revoke wealth and confiscate wealth. They could pass laws and make what they are doing legal and evasion of it illegal. While it would be legal for them to do so, it would be immoral as it is basically theft, and one would not be immoral to try to protect the wealth that they have worked for and amassed by illegal activities such as trying to get that wealth out of the country via digital currency before fleeing. Let's take the Nazi's for example, because they are always the generic personification of an evil government. Had digital currencies existed in that time, it would not have been immoral for the Jews to transitional all of their wealth into digital currencies ahead of trying to flee Germany, though it would have certainly been illegal by German laws against the jews.