Re:Cryptocurrency scams cost owners $7.7B in 2021, driven by...
by Jerrrry on Thursday December 16, 2021 @12:03PM
(#29580495)
>routinely
And they routinely admit that some cases are not clear cut. But crypto has no grey zones, by design - you either have the keys, or you don't. And that is the explicit agreement code-contract signers agree to when they go out of their way to DeFi their agreements.
Obviously legal precedents and statutes are not fitted for this purpose yet, because they are reactive, not proactive.
And they routinely admit that some cases are not clear cut. But crypto has no grey zones, by design - you either have the keys, or you don't. And that is the explicit agreement code-contract signers agree to when they go out of their way to DeFi their agreements.
Obviously legal precedents and statutes are not fitted for this purpose yet, because they are reactive, not proactive.