4 ms·
I disagree. This lawsuit was against a single individual. There is nothing here that is threatening to crypto as a whole. One thing that will make it harder to
by chabes 2y ago
I disagree. This lawsuit was against a single individual. There is nothing here that is threatening to crypto as a whole.
One thing that will make it harder to regulate as time goes on is that more people will be financially involved. From traditional finance getting involved through funds, to the masses getting involved, the ecosystem has grown far beyond the fringe, and will continue to do so with each successive hype cycle. Hell, many governments themselves have skin in the game now.
I’m curious how you think serious crippling legislation or enforcement would play out.
EDIT: additional thought… this case protects the industry, not the other way around. The industry was being attacked by a fraudulent individual, and the government defended the industry.
- speerer 2y agoThis is a misunderstanding. The lawsuit was not one suit: it wrapped up one against Wright, but several that he instigated against others. This involved dozens of individuals and companies, sued by him for various ends such as control over the word "Bitcoin", control over bitcoins themselves, and forcible changes to the protocols. It was absolutely a threat to Bitcoin and other crypto.