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RE: Are Witnesses Liable For Data Privacy Issues on Steem Blockchain?
This is of course an interesting point of view.
The thing is any time we think about blockchains in a legal context we are missing the point.
The point of the blockchain is that we do not require the state or any other law/governance outside of the blockchain.
This is where the efficiency is coming from. If we combine the state + blockchain governance we have non-working, non efficient system.
The steem blockchain does not care about the EU or the US or any law. It cannot comply with any of its laws and if it could it would be useless, because mysql would be better.
It's easier said than done. If we need to revolt against the sovereign laws to bring about this revolutionary changes, how many of us are prepared to go to jail for the sake of it?
Blockchain revolution can only pick up if it can continue to grow complying with the existing system or evolving out ways that can make the tracking by the authorities impossible. If privacy system is designed to be so fool-proof that no witnesses can be identified and tracked down, then it becomes possible to run a witness without giving a shit to any law or regulation.
Right but then what is the value of the block-chain?
To prove its value, we first need it to survive and grow its base. Once it acquires a critical power, strong fool-proof privacy features facilitating complete anonymity and truly censorship-free transactions with wide acceptance as preferred currency of transaction will help it to actually establish and function as a censorless, borderless, permissionless, trustless,decentralized entities. Until then we need to take care of all possible survival tactics.