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What if the creator somehow profits from the system? One could imagine a Bitcoin-esque system where the creator includes rules in the client that require every
by tlrobinson 13y ago
What if the creator somehow profits from the system?
One could imagine a Bitcoin-esque system where the creator includes rules in the client that require every transaction to send a small cut to a Bitcoin address he owns. [1]
If that system then "happens" to be used for illegal purposes like drug trafficking, is the developer of the system committing a crime? It's distributed so he can't shut it down and he's no longer actively participating. What if he destroys the private key of the Bitcoin address?
It's an interesting thought experiment...
[1] Of course you'd need a critical mass of users and the right incentives to prevent people from starting their own "alt-markets" much like Bitcoin has spawned dozens of "alt-coins".
- nowarninglabel 13y agoThere's a real world example here, Liberty Reserve. Granted, it was centralized, but same law concepts apply. The problem with Liberty Reserve was not that they had a system used by criminals, but that they knew this fact and actively encouraged this activity to continue, including sending around lots of incriminating internal e-mails.