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326 sats \ 0 replies \ @oklar 16 Jan \ on: Michael Lewellen sues DOJ over §1960 covering software as a "money transmitter" Politics_And_Law
I don't see this as weak, or asking for permission. Isn't it just pointing tothe fact that, not just Bitcoin (or cryptocurrency) the whole idea and point of money is to be transmited (and in the not so distant past, saved.)
Using software to manage zeros and ones, to create, edit , read, send or receive files is the same no matter what the purpose, like writing words, censerous states are not free in any sense. We look to the US, to defend what made it fucking awesome (my personal feelings as a non-US citizen.)
The overreach is when laws are applied before a crime has been commited, or through association, which is obviously bullshit and needs to stop, or we all go to communism.
Cops need to do there (difficult) jobs, catching criminals. Innovators and inventors need to be left to do the (difficult) job of helping to bring us out of the darkness of pre-enlightenment society, as apes once were, weilding bones as tools.
The outcome of the case would define whether humanity is to be a perpetual gulag with sniviling, bureacrats, or whether the US takes this opportunity boldly, to become the most innovative culture and talented economy, setting the bar once again.
If the outcome is gulag, well, we all get to be spied on remotely, some of us get to spy on each other as a job, and we all go back hundred years or more.