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RE: Possible lawsuit threatened against Steemit
I am spitting with you :) but I have similar thoughts. The thing is I think it would slow innovation etc and could actually hurt the development of things like SMTs if Steemit inc took a hit from something like this.
If some judge rules the "company" can be held liable then all those others like busy etc could be held accountable as well. That may make other places way less likely to develop those front ends.
Could innovation get any slower? =P
This whole thing comes across like typical peer-to-peer legal battles, as in, a constant uphill struggle for the courts and lawmakers. All it takes is for one person to throw a little front end anonymously onto the blockchain and everything becomes available again. It's like when Isohunt, the torrent site got taken down after years of investigation and millions of dollars and work hours by the FBI. The victory was celebrated across the US political system... for about 24 hours until somebody anonymous who happened to back all the data up simply re-released the website intact.
Isohunt continues to exist today
Yea that's hitting the nail on the head. Thing is it hasent even really started to work its way through legal system. I foresee many crappy laws being established over not understanding the tech and just slowing down the whole space.