there really needs to be a section 230 for the financial industry. something along the lines of:
"A financial institution which simply processes all transactions, and neither endorses nor condemns anything related to the transactions they process, she'll only be responsible for completing the transaction accurately. Such an institution shall never be held liable for anything other than the money itself."
Such a mechanism would ensure a market free of creditor meddling, and neuter their ability to be evil overlords.
Ah yes, as it has ensured Youtube and other social media be free and uncensored.
What we need is the exact opposite. You only get to be not held responsible for what your users/customers do, if you do not, at any point block something that was not explicitly illegal. If it happens once, your CEO and other staff go to prison for every single crime that was committed by one of your users/customers.
there really needs to be a section 230 for the financial industry. something along the lines of:
"A financial institution which simply processes all transactions, and neither endorses nor condemns anything related to the transactions they process, she'll only be responsible for completing the transaction accurately. Such an institution shall never be held liable for anything other than the money itself."
Such a mechanism would ensure a market free of creditor meddling, and neuter their ability to be evil overlords.
Ah yes, as it has ensured Youtube and other social media be free and uncensored.
What we need is the exact opposite. You only get to be not held responsible for what your users/customers do, if you do not, at any point block something that was not explicitly illegal. If it happens once, your CEO and other staff go to prison for every single crime that was committed by one of your users/customers.
I meant for the inverse of the law to be implied. If you meddle in business, you lose protection.
Fair enough.