zlacker

>>mikeyo+(OP)
Shouldn't all true crypto believers hate this news?

It's the government trying to enforce their opinion of who should own those Bitcoins, thereby taking power away from the owner that the network has decided on, which would be "whoever has the cryptographic keys".

>>fxtent+35
What is a "true crypto believer" anyways? As a matter of practicality, everyone that interacts with financial assets of any sort are bound to laws imposed by some government. Equating "whoever has the keys" to ownership feels more or less equivalent to saying "finders keepers" is a valid justification for taking possession of a physical leather wallet. Or "We broke up, but I fed the dog, so it's mine". Or whatever.

A person can believe whatever they want, but when push comes to shove, it's a country's court of law that ultimately determines who legally owns what.

>>lhorie+Yv
> A person can believe whatever they want, but when push comes to shove, it's a country's court of law that ultimately determines who legally owns what.

I think you've answered your own question - a true crypto believer does not agree with that. If the smart contract says the Ethereum is mine because you wrote it poorly and I called the transfer money function in the right way ("exploited it"), a true believer would say "yep, it's yours."

>>akerst+Mz
But that's not the way real contracts work. Contracts are an agreement between parties. If there is later a disagreement about what was agreed to, a judge sorts it out.

>>throwa+JB
> If there is later a disagreement about what was agreed to, a judge sorts it out.

Only because human language leaves a lot of room for interpretation. Computer output doesn't, or at the very least not nearly to the same extent. If your smart contract is itself legal (you are legally allowed to formalize those terms), and produced an output as a function of it's actual internal operation (and not a random, accidental bit flip) then it should stand even in front of a judge.