Tony Arcieri

Legally @TokenHash is actually right on that one

The law cares about *intent*

It also cares about relative quality of title

I'm more bothered by the implication that it's unconscionable to prosecute blatant fraud that causes billions in damages.

Blatant fraud that causes billions in damages must be prosecuted. I question whether there was fraud or irrational entrepreneur optimism, exaggeration in the projections, combined with sophisticated VCs not doing their proper due diligence due to FOMO. All above normal in SV.

Not only normal in SV, but usually punished, when formally investigated, which is also unusual, with community ostracism, SEC fines or months banned from the securities industry. Wire fraud seems very harsh.

"Blatant fraud that causes billions in damages must be prosecuted" also applies to TheDAO fork. A silly community hard fork to recover funds, violating all blockchain principles and legal norms is what @bascule doesn't get. Due process also exists for property on the blockchain.

Your "principles and legal norms" would have a criminal more entitled to stolen assets than the rightful owners. Back here in reality I think most courts would disagree...