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It seems apparent to me that 'regulation' in this context is actually a contract. Discussions are already occurring, and code is already being written to imple
by kordless 13y ago
It seems apparent to me that 'regulation' in this context is actually a contract. Discussions are already occurring, and code is already being written to implement more distributed contracts between parties and systems. Once that's in place, you won't need the 'government' to 'regulate' anything. Not that they could, if they tried. It'll self regulate, based on an a priori set of rules that prevent a pool of power from operating in a way that hurts others by taking their things.
- icebraining 13y agoThe issue is, how can a programmed contract control whether the transfer of fiat money occurred? You'd need some kind of unforgeable proof of transfer or trusted public record.