4 ms·

Isn't the whole point of crypto that it's free from centralized control? It's not supposed to need laws because "code is law"? Isn't government regulation entir

• PaulHoule 4y ago
  Nothing seems to stop the Feds from doing it though... https://arstechnica.com/information-technology/2022/11/feds-seize-3-36-billion-in-bitcoin-stolen-10-years-ago-in-hack-of-silk-road/ https://arstechnica.com/information-technology/2022/11/feds-... https://cointelegraph.com/news/ethereum-inches-even-closer-to-total-censorship-due-to-ofac-compliance https://cointelegraph.com/news/ethereum-inches-even-closer-t...
• ilaksh 4y ago
  Yes, but if you drill down further into that.. few people actually understand at a deep level what money and government are and how they are linked. Money is a primary technology for distributing power and control in society. Government is a close second and insofar as it is effective is strongly linked to money. Cryptocurrency is about making money a high technology. But certainly society and government won't cede control to some cryptocurrency or decentralized systems with just a shrug. The role of government really should be to enforce some flexible, evolvable standard for technical integration of different entities in society. But government represents the virtual monopoly on deadly force and the top of the control hierarchy. We can't just assume that those things will evaporate.