Comment by InsideOutSanta
18 hours ago
This is why it is dangerous to replace people and laws with code. With laws, you eventually get to talk to a human being who has leeway in interpreting the situation. With code, it just works the way it does, regardless of circumstances.
Cryptocurrencies avoid a central authority, but by doing that, they also avoid any possibility of human discretion, oversight, or recourse. There is no institution to appeal to, no customer service to call, and no regulator to enforce fairness.
It does feel, doesn’t it, that the cryptocurrency crowd seems mainly to comprise the kinds of actors who correctly anticipate that the legitimate banking sector—and most humans, if asked—will say “no” to them…
Which I guess the idealists would say is part of the point: “first they came for the DPRK extortionists, and I said nothing,” etc.
> correctly anticipate ... will say “no” to them
Could conceivably, under different circumstances, say no. And are uncomfortable with that state of affairs.
Or to be snarky. Doesn't it seem that the crowd that gets up in arms about unlawful search and seizure are the sort of actors who correctly anticipate that the legitimate authorities would take issue with their behavior?