Re:US proposes barring tech companies from offering financia...
by wslh on Thursday July 25, 2019 @10:45AM
(#20525793)
> Perhaps we should start thinking about separation of powers such as modern democracy(eg separation of church and state).
I think it should be in a complete different way: finances should be separated from the state so new financial initiatives based on tech (e.g. Libra, Crypto assets) can be free in the same way that Internet gives us freedom to create decentralized initiatives that cannot be stopped by states.
This does not mean that the state is not able to enforce laws against the financial or technology scams in the same way it has laws against pedophilia that cover what church members do.
I think it should be in a complete different way: finances should be separated from the state so new financial initiatives based on tech (e.g. Libra, Crypto assets) can be free in the same way that Internet gives us freedom to create decentralized initiatives that cannot be stopped by states.
This does not mean that the state is not able to enforce laws against the financial or technology scams in the same way it has laws against pedophilia that cover what church members do.