Why code must not be law
Date: 2019-05-18
Source: https://craigwright.net/blog/law-regulation/why-code-must-not-be-law
In early 2014, I had a company called Hotwire in Australia that had just under 50 staff members. In December 2013, with 45 staff members working on Bitcoin projects, I think we exceeded about everything in the space. At the same time, at that point, we were hardly known. I discovered back then: there are good and bad aspects of operating under the radar. When several early exchange sites closed in the period between 2013 and mid-2014, it also limited our ability to liquidate assets for funds. We were nominally asset rich and cash poor.