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I feel like it's a bit naive to expect that the crypto world can evade the authorities forever. You need a registered office and executives and lawyers to run a
by wasmitnetzen 4y ago
I feel like it's a bit naive to expect that the crypto world can evade the authorities forever. You need a registered office and executives and lawyers to run any big company, and thus the authorities and laws have a way in. The laws governing the existing banking system are not an intrinsic property, the crypto world will have the same laws eventually, just on a slightly different technical platform.
- latchkey 4y agoNot evade. Just give me control of my own funds such that nobody can just empty my account without at least giving me notice first. As you can imagine, that is a quite disturbing and disruptive event.
- wasmitnetzen 4y agoI do understand you feelings, but I don't see how that's a technical problem. That's an entirely legal problem. The law could easily mandate that feature to any cryptocurrency which doesn't want to go to the underground, or remove that feature from regular banking.
- latchkey 4y agoHow is law not technical?
- wasmitnetzen 4y agoLaw does not follow physics, it's a purely human invention. But I'm not sure how that's relevant to the discussion?