2 ms·
> The only way a fiat court could unwind the structure is if they declared the trust structure itself to be invalid. Right. Which it would do at the drop of a
by knorker 5y ago
> The only way a fiat court could unwind the structure is if they declared the trust structure itself to be invalid.
Right. Which it would do at the drop of a hat if it got in the way of a lawful judgement. It'd need to get there, sure, but yes a court can actually order the blockchain to be incorrect as it relates to ownership of a thing.
If nothing else the government has standing. Emminent domain, for example.
And once the blockchain is wrong, it's wrong.
> by making sure the DAO is incorporated in a friendly jurisdiction,
Ha ha ha, do you think a french court will allow a tax haven company to make french courts null and void within the borders of France? That's basically giving up sovereignity.
Who's going to stop french police vacating a property? Math?
I don't know if you've read court judgements ever, but it's extremely common that things involved in a crime are considered "spent", "consumed" (I forget the word). That means it's not yours anymore.
Your "but It's mine on the blockchain!" means zilch.