<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>…</b>> <b>On Behalf Of </b>Adrian Tymes via extropy-chat<br><b>…</b><o:p></o:p></p></div><div><div><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-right:0in'><div><div><div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>>…I agree Adrian, you know it, I know it, everyone here knows it. My prediction is that the criminal courts will not accept the liability of enforcing ownership law on cryptocurrency. I predict they will just tell crypto holders they are on their own: homemade currency, homemade security to protect it.<o:p></o:p></p></div></div></div></div></div></div></blockquote><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>>…I disagree. Property is property, homemade or not.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>>…If the courts ruled otherwise, that opens way too many run-arounds of existing law…. Adrian<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Adrian, do allow me to clarify. Technology changes quickly, but law changes only slowly, if at all. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>In the state you and I inhabit, theft of items valued below 950 bucks is no longer a felony. Homeless people may now legally smash your car windows to take a 20 dollar sweatshirt: they will treat the broken car window as vandalism, which is a misdemeanor and the theft as a misdemeanor, both of which are functionally legal for the homeless guy. Result: lots of broken car windows.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If some judgment-proof homeless guy steals your 200 dollar computer with a hundred thousand bucks worth of cryptokeys stored on it, I predict the lawman will treat that as a 200 dollar theft and not even bother trying to get your 100k in BtC back. It will be considered a misdemeanor, which is functionally legal in our beleaguered crime-ridden state. Before we complain, consider that we did this to ourselves.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I stand by my prediction: Bankman Fried will not be prosecuted under criminal law, but will be (somehow) prosecuted under tax law.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>spike<o:p></o:p></p></div></div></div></div></body></html>