Re:Do kwon sent $80M a month to secret wallets?
by jksmith on Friday June 10, 2022 @03:27PM
(#31698418)
Actually it's the elimination of a use case for a law.
[ Parent
| on HN ]
Re:Do kwon sent $80M a month to secret wallets?
by lottin on Sunday June 12, 2022 @02:26AM
(#31712049)
Sure... but then how do you stop others from taking, using or damaging your property?
Re:Do kwon sent $80M a month to secret wallets?
by jksmith on Sunday June 12, 2022 @12:46PM
(#31715923)
Well you do have an example of this in BTC. For physical property, it might be backed by a smart contract, then whoever takes your land, does so at the risk of being deplatformed. IOW, take my land, then the world around you becomes off-limits. Then you would have to be Alexander the Great to expand your world. Then antagonist is back into an energy expenditure issue. It's just not worth the energy cost to steal your land, so I don't.
Re:Do kwon sent $80M a month to secret wallets?
by lottin on Monday June 13, 2022 @02:20AM
(#31721869)
BTC doesn't enforce property rights. If someone steals your keys, they control your coins. The BTC network doesn't care that the keys are stolen.
The other claim is even more bizarre. Let's say that your car is "backed" by a smart contract. How does a smart contract stop a thief from stealing your car? Does it involve magic?