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That is not an accurate generalization. Many in the crypto community do not advocate breaking laws. Instead they look for ways to interact that do not legally r

That is not an accurate generalization. Many in the crypto community do not advocate breaking laws. Instead they look for ways to interact that do not legally require complying with onerous regulatory burdens, like peer-to-peer monetary transfers, that do not as of yet have the same amount of totalitarian restriction placed upon them as monetary transfers that are intermediated by a trusted third party middle-man. As for the legitimacy of the law itself, and the opinion of the 'crypto community' on it: the distinction you're missing is that some laws prohibit victimless crimes, by infringing upon the freedom of contract, and always in the name of some supposed greater good, whether that's 'limiting systemic risk', 'protecting retail investors' or 'preventing money laundering', while others prohibit genuinely victimful crimes, where one party violates the rights of another. It can be entirely morally consistent to oppose the former while supporting the latter.

Closi 5y ago
I don't agree that placing regulations on the finance industry can be in any way equated to totalitarianism. In fact, we have already seen what happens when the financial industry is entirely deregulated multiple times worldwide.
- CryptoPunk 5y ago
  Any law is enforced under pain of imprisonment. See: https://www.theatlantic.com/politics/archive/2016/06/enforcing-the-law-is-inherently-violent/488828/ https://www.theatlantic.com/politics/archive/2016/06/enforci... When such laws are used to prohibit mutually voluntary interactions between consenting adults, I think it's a human rights violation, and it is an accurate adjective to use, whether it's the CCP doing it to "maintain social harmony and political stability", or the USG doing it to "limit systemic risks to the financial system". >>In fact, we have already seen what happens when the financial industry is entirely deregulated multiple times worldwide. That is a revisionist account put out by some of the most powerful special interests in the world, who benefit from rampant gatekeeping/centralization of private financial interaction.
- hardolaf 5y ago
  I'm in the financial industry and believe we need way more regulations than we currently have. And we need tougher and more rigorous enforcement of the existing regulations as well.

Closi 5y ago

I don't agree that placing regulations on the finance industry can be in any way equated to totalitarianism. In fact, we have already seen what happens when the financial industry is entirely deregulated multiple times worldwide.

CryptoPunk 5y ago
Any law is enforced under pain of imprisonment. See: https://www.theatlantic.com/politics/archive/2016/06/enforcing-the-law-is-inherently-violent/488828/ https://www.theatlantic.com/politics/archive/2016/06/enforci... When such laws are used to prohibit mutually voluntary interactions between consenting adults, I think it's a human rights violation, and it is an accurate adjective to use, whether it's the CCP doing it to "maintain social harmony and political stability", or the USG doing it to "limit systemic risks to the financial system". >>In fact, we have already seen what happens when the financial industry is entirely deregulated multiple times worldwide. That is a revisionist account put out by some of the most powerful special interests in the world, who benefit from rampant gatekeeping/centralization of private financial interaction.
hardolaf 5y ago
I'm in the financial industry and believe we need way more regulations than we currently have. And we need tougher and more rigorous enforcement of the existing regulations as well.