Re:Ask HN: Feel bad about working in crypto, what to do?
by wasmitnetzen on Sunday June 19, 2022 @06:41AM
(#31798100)
I feel like it's a bit naive to expect that the crypto world can evade the authorities forever. You need a registered office and executives and lawyers to run any big company, and thus the authorities and laws have a way in. The laws governing the existing banking system are not an intrinsic property, the crypto world will have the same laws eventually, just on a slightly different technical platform.
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Re:Ask HN: Feel bad about working in crypto, what to do?
by latchkey on Sunday June 19, 2022 @10:19AM
(#31799619)
Not evade. Just give me control of my own funds such that nobody can just empty my account without at least giving me notice first. As you can imagine, that is a quite disturbing and disruptive event.
Re:Ask HN: Feel bad about working in crypto, what to do?
by wasmitnetzen on Sunday June 19, 2022 @05:56PM
(#31803922)
I do understand you feelings, but I don't see how that's a technical problem. That's an entirely legal problem. The law could easily mandate that feature to any cryptocurrency which doesn't want to go to the underground, or remove that feature from regular banking.
Re:Ask HN: Feel bad about working in crypto, what to do?
by latchkey on Sunday June 19, 2022 @06:29PM
(#31804144)
How is law not technical?
Re:Ask HN: Feel bad about working in crypto, what to do?
by wasmitnetzen on Monday June 20, 2022 @04:40AM
(#31807813)
Law does not follow physics, it's a purely human invention. But I'm not sure how that's relevant to the discussion?