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Indeed. Blockchains are for breaking the law. I think it would be wholly better, in democracies, if we changed laws we didn’t like than tried to create techno
by topranks 1y ago
Indeed. Blockchains are for breaking the law.
I think it would be wholly better, in democracies, if we changed laws we didn’t like than tried to create technology to evade them.
- Saline9515 1y agoThe law says that banks need to do AML/KYC, a blockchain is not a bank, it's decentralized. Besides, being able to break a law can be good, when such laws have little to do with crime prevention, and more about feeding an industrial complex that earns from those frictions. And buying a car is not illegal as far as I know. The main proponent that dictates the regulations, the FATF, is a shady, unregulated body that is used for political and economical repression.
- wbnns 1y ago> a blockchain is not a bank, it's decentralized Not all blockchains are decentralized, it depends on the consensus mechanism