Having a distributed network accross the world makes enforcing laws difficult, as each country has different laws. So USA laws become irrelevant.
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Having a distributed network accross the world makes enforcing laws difficult, as each country has different laws. So USA laws become irrelevant.
I don't think this is true, because cryptocurrency nodes are run in given geographical locations, even if the entire network itself is spread across multiple countries. Hence, at minimum, the local laws apply to the individual computers (nodes) operating in particular countries, in my opinion.
This doesn't make every node operator obliged to obey US law, but I think US law applies to people who operates nodes in the US, and I'm pretty sure on this point if they also reside in the US.
I guess we can always rely on nationalism and countries thinking of their own self-interest, I doubt there can ever be a day when all nations could agree on something so yes nodes could be taken down in certain countries but as long its spread across as many locations.
Now i'm wondering might be extreme but could nodes be run in international waters and how would that be governed?
It's a good question, but my knowledge of law in international waters is only second-hand. I've read somewhere that the laws of a ship in international waters was in someway related to the country where it's registered, but I have never researched the point, and I'm sure there's more to it. I would guess there's a whole separate body of law based on treaties between countries. But google could probably answer better than me on this topic right now.
But, if you're interested in this topic, you might find this article interesting: https://steemit.com/beos/@blocktrades/jurisdictional-agility-in-beos
That's the beauty of p2p, if nodes go down in one location/country, the network remains functional elsewhere :)
yep!
Not when the company sits on US soil.
That's the company's problem, not the blockchain's.
You can go ahead and believe that if you plan on operating the chain as designed and implemented by Steemit Inc., in what will become over time harder waters to find to float your ship in as Mr Sun has the financially means to take it country by country that you can operate (as this is your debate) your blockchain any way you want other than it to look anywhere similar to that of the functions of Steemit. Meaning if you are going to continue on with this insane argument you'd better be behind the scenes with everyone designing a whole new look to operating your blockchain that looks no where near similar to Steemits as to be a competitor who has stole someone's else logo's and designs which the vast majority of countries are going to concur belong to Sun. Good luck with that.