A lot of the apologists for this are making arguments along the lines of "being decentralized doesn't make you exempt from the rules" or "imagine if a bank laundered this much money". The problem is it doesn't make sense to treat protocols like companies. And it definitely doesn't make sense to treat protocol devs as if they were the executives of those companies. The CEO of a bank and the lead dev of a protocol have…
The problem is it doesn't make sense to treat protocols like companies. And it definitely doesn't make sense to treat protocol devs as if they were the executives of those companies. If the state can arrest people and cause activity to stop, it makes sense in the way states think. The approach of bitcoin and crypto process in general hasn't been to ask permission but aim for a protocol that states can't stop. Neither…
We shall see if that's the case here. My guess is the state can't stop it