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Keep in mind that previous attacks like this were dealt with by simple hard forks ie. current ethereum vs ethereum classic. If the federal government mandates

Keep in mind that previous attacks like this were dealt with by simple hard forks ie. current ethereum vs ethereum classic. If the federal government mandates their citizens pay taxes on crypto, it most definitely should come with federal help in catching criminals.

georgyo 5y ago
Which federal government? The whole point is that these are assets that are not tied to any country. The country you reside in may tax you non-state-currency assets, like selling a painting. But if a painting is stolen around the world at the same time, many governments may have collected taxes on part of that painting. Which government should be the government to persue the theft? In a different way, if 600 million USD was stolen in cash in France. The US would work closely with the French government to close that case. The US would not be the one to foot the entire bill of solving the case. Here no government has any real stake or harm to reputation to close the case.
- ant6n 5y ago
  Both sides of a theft are ppl, which are resident of some country.
  - mbesto 5y ago
    But which country is it enforced? The one where the thief resides or the one where the victim resides?
    - jacquesm 5y ago
      Assuming you can find the thief and assuming the victim even wants to talk to the authorities about how they got it in the first place.
  - steveBK123 5y ago
    Yes but cryptobros want to have it both ways.. 1) It's not a security so it doesnt need to be regulated 2) But also if something bad happens the law should save me Do the police get involved if someone steals your sword in WoW? Do they get involved if a bigger Twitter account "steals" your meme and reposts it without attribution?
tablespoon 5y ago
> If the federal government mandates their citizens pay taxes on crypto, it most definitely should come with federal help in catching criminals. Not necessarily. The OP is pretty light on details on what this "hack" was, but if this was the case of someone playing "code is law" games with a flawed smart contract, then I think it'd be totally legitimate for the government to require taxes be paid but not swoop in with law enforcement when someone made a bad deal (i.e. had their flawed contract exploited).

georgyo 5y ago

Which federal government? The whole point is that these are assets that are not tied to any country. The country you reside in may tax you non-state-currency assets, like selling a painting. But if a painting is stolen around the world at the same time, many governments may have collected taxes on part of that painting. Which government should be the government to persue the theft? In a different way, if 600 million USD was stolen in cash in France. The US would work closely with the French government to close that case. The US would not be the one to foot the entire bill of solving the case. Here no government has any real stake or harm to reputation to close the case.

ant6n 5y ago
Both sides of a theft are ppl, which are resident of some country.
- mbesto 5y ago
  But which country is it enforced? The one where the thief resides or the one where the victim resides?
  - jacquesm 5y ago
    Assuming you can find the thief and assuming the victim even wants to talk to the authorities about how they got it in the first place.
- steveBK123 5y ago
  Yes but cryptobros want to have it both ways.. 1) It's not a security so it doesnt need to be regulated 2) But also if something bad happens the law should save me Do the police get involved if someone steals your sword in WoW? Do they get involved if a bigger Twitter account "steals" your meme and reposts it without attribution?

tablespoon 5y ago

> If the federal government mandates their citizens pay taxes on crypto, it most definitely should come with federal help in catching criminals. Not necessarily. The OP is pretty light on details on what this "hack" was, but if this was the case of someone playing "code is law" games with a flawed smart contract, then I think it'd be totally legitimate for the government to require taxes be paid but not swoop in with law enforcement when someone made a bad deal (i.e. had their flawed contract exploited).