4 ms·
It's interesting to look at the "non-blockable" payment system from the point of view of "management error" theory. When something is made "illegal" it's gener
by freefaler 4y ago
It's interesting to look at the "non-blockable" payment system from the point of view of "management error" theory.
When something is made "illegal" it's generally assumed that the process of generating the rules (laws) is creating mostly good rules. But this idea doesn't stand the test of time. Women voting? Nope... it's illegal. Different sexual orientation - illegal - must chop something off from you.
To have the ability to do something illegal is beneficial when rules are bad. A distributed system for settling a transaction between two agents are beneficial in ways we can't see now. But freedom to experiment is better than rules prohibiting everythig.
Another analogy is having root on your computer/server and phone. It's "illegal" to jailbrake your iphone, but you've paid for it and it's yours.
By limiting what's permissable and concentrating on "terrorism", "child pornography" who knows what can be missed.
Read about patent laws in 19th and beginning of 20th century how it helped US with technology transfer from Great Britain... it's the same process.