[joshstrange]

It’s not money though. It’s property at best. It doesn’t get held to the same standards.

CryptoBros are all about “no laws, do whatever” right up until the, inevitable, point at which /they/ are getting swindled and then they want to cry foul and run to the authorities.

It’s just like the whole DAO situation which showed “Crypto is immutable and we want to live and die by the code unless of course someone finds a flaw in the code and steals our money, then we will roll back the immutable chain to recover it” what a farce.

[ttyprintk]

From the beginning, they also feared contact with the underworld. People so familiar with the asymmetry between attackers and defenders online fail to imagine how that looks in real life. Considering the upfront cost of a rubber hose, a year's supply of heroin, Ensure (prevents bedsores) and maybe sodium pentothal: when $1.5 B hits the news, you need to be able to prove: it's gone; North Korea is protecting the proceeds; and you're back to being indistinguishable from an innocent tax payer.

This explains strategically erratic behavior in communities like loot crate gambling. The low end and high end can rely on state protection. The center of the curve needs to look like a problematic target, and maybe draw attention to their competitors.

[Saline9515]

Ethereum wasn't rolled back after TheDao hack, they simply forked. Also crypto is about uncensorable transactions, not lawlessness.