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by kd3 2399 days ago
In the long term "laws" won't work. What we see throughout history is that they never work and those who are elected to see to it that it works themselves are corrupt.

The best option is to code it in the technology. For example, we can make laws and regulation to see to it that governments don't take more debt or print more money than they should in order not to cause inflation and economic crisis, but what we've seen throughout history is that this never works in the long term.

The better solution was the one Satoshi came up with: program the fixed amount of currency into the Bitcoin technology with computational and mathematical checks. Now it's extremely difficult to do anything else unless you can somehow control or convince the majority of the nodes to accept it.

The same kind of solutions should be developed for the web.