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I know it is how the legal system works but it seems kinda silly that laws from 1994 and 1960 apply to bitcoin.
by torbjorn 13y ago
I know it is how the legal system works but it seems kinda silly that laws from 1994 and 1960 apply to bitcoin.
- justincormack 13y agoWhy? They are designed to stop people making money from crimes. Seems to be exactly what was intended.I happen to think that drugs should be legal but that's a different issue.
- hawleyal 13y agoThey are designed to prevent people from making too much money anonymously.
- deleted 13y ago[deleted]
- betterunix 13y agoTaxes took care of that already. Money laundering rules are designed to make it hard to conceal how you earned large amounts of money.
- chc 13y agoIs it equally silly that laws from the 19th century apply to somebody born in the '80s? It seems like more or less the same thing — laws keep applying to new instances of the things covered until the laws are changed.
- Fomite 13y agoI know its is how the legal system works, but it seems kinda silly that murder laws from 1860 apply to my autonomous knife-throwing killbot.
- nknighthb 13y agoOn the contrary, what's silly is when politicians decide every new technology demands a new law instead of simply ensuring laws are written to cover particular evils regardless of the tools being used.
- bitEasyReally 13y agoYou are quite right because bitcoin is existentially different from a legal perspective. A no-trust system does not need the same legal "protections" as legacy systems and requires a fresh approach.