Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Why is that inconsistent? There’s a lot of people that believe governments only legit purpose is to protect people and their property.


In order for governments to do that the systems have to have a way for an authority to intervene and reverse the transaction...

Which is expressly impossible to do without creating a fork of the chian... Which is pretty contrary to the ethos of the white papers for Bitcoin.


To recoup the loss possibly, but that’s not necessarily governments job. The governments job would be to investigate the theft in an attempt to charge a suspect(s) with a crime against another person.

If the property is replaceable by the charged parties then that could be used by the government as a consideration in plea bargaining or sentencing. But if it’s gone then hopefully the plaintiff purchased insurance on it.


Then don't make systems aimed only at removing government authority around many. Governance for me, but not for thee




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: