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Crypto isn't money. You are not a bank customer depositing cash. I'm not sure why their customers should be creditors at all, it's a bit like asking GMail for y
by stefan_ 4y ago
Crypto isn't money. You are not a bank customer depositing cash. I'm not sure why their customers should be creditors at all, it's a bit like asking GMail for your emails back when Google goes bankrupt.
- anamexis 4y agoLet's not forget that "crypto" here is short for cryptocurrency.
- singlow 4y agoWell, I call my crypto BabyCoins, so when you confiscate them you are kidnapping right?
- tinco 4y ago> a bit like asking GMail for your emails back when Google goes bankrupt. And I sure as heck would want by e-mails back if Google goes bankrupt. Google shouldn't own them, they're just an exchange for e-mails. The idea that another entity would buy those e-mails and do with them what they like is ridiculous, regardless of any juristic reality.
- arcticbull 4y agoI'm not so sure actually. I think your hypothetical is actually exactly what would happen.
- rchaud 4y agoGmail lets you download your emails to a POP setup on your local disk. That's more than reasonable IMO.
- IanCal 4y agoAs much as tech-bros think that the legal system is stupid, it's usually had to deal with many variations on a theme and has ended up with broad definitions around things of value. It doesn't matter if that thing is chickens, a right to land, potential mining rights or a stamp worth millions. A weird techno thing that has a public dollar value is not hard for it to work with.
- LawTalkingGuy 4y agoI think we generally don't think that it's stupid but that it would really benefit from a cleanup and refactor.