Code is Law

Frames a postmortem to the postmortem about the controversy over involving law enforcement, stating code is not law in Cardano, the constitution is.

The on chain ratified constitution outlines the intended use, since code is imperfect and buggy while intention is aspirational.

The on chain government can hard fork, withdraw from the treasury, and change rewards, powers that require a constitution legitimized by consent of the governed.

Asks what the point of an on chain constitution is if a buggy code path can throw away every tenet within it.

Distinguishes the government running the ledger, which no one advocates, from users in countries having rights from those countries.

Argues you would call for help if your car were stolen or your home broken into, because you live under a rule of law.

A Cardano user has life, liberty, and property rights like a renter, and property stolen from the network is more likely than not a crime.

Asks how he can put medical records or national infrastructure on chain if users have no protection of their property.

Calls it a double standard that he must accept the Genius Act, Clarity Act, and SEC subpoenas, and arrests like Roger Ver and CZ, but cannot report a crime.

A Mad Max world of no taxes and no regulation would be a fair trade, but they demand compliance with no protections, all downside.

Reiterates the on chain constitution is the highest law that supersedes code, and CIP 1694 and the treasury exist to remove constitutional debt.

Equates the exploiter who deprived users of their ADA and damaged DeFi to someone who hacked the power grid or air traffic control.

10 years of Agda, Haskell, formal methods, and one catastrophic bug per decade is the best record in the industry, but it is still one.

Asks where the FBI saved Cardano, since the ecosystem fixed it itself, but users still have the right to seek recourse when property is damaged.

The Cardano network has no access to your bank account and cannot jail anyone, which is exactly why law enforcement and courts exist.

In a debate Anatoly could not answer a direct question, since Solana celebrates regulated institutions joining but would deny them recourse when exploited.

People surrender custody to exchanges, which are not cypherpunks and will cooperate with law enforcement if hacked.

The systems are independent of governments but the users are not, since they live somewhere under a jurisdiction, unlike sovereign citizens.

The point of blockchain is not to abolish government but to augment its corrupt parts with integrity, transparency, and immutability.

Says if the Epstein files lived on the blockchain commons there would be no way for Trump to hide them, which is the intent of crypto.

Condemns the childish fantasies of memecoins and guaranteed 10x degening, since the technology should make society freer and more honest.

You judge a society by how it treats the weakest, and survival of the fittest crypto is digital barbarism.

Wants tools for collaboration not destruction, noting a sandbox for scoundrels already exists and it is called Eve Online.

SPOs and DeFi users derive their livelihoods from Cardano, so it cannot be the intent to let a code bug excuse disrupting them all.

He did not sign up to empower endless theft, and code is law rhetoric is hypocrisy while validators sit under OFAC compliance serving BlackRock and censoring.

Celebrates Cardano surviving a hard fork and long chain reorg in a decentralized way, a first for proof of stake that Ethereum and Solana cannot do.

The industry must grow up, and the price is low because institutions like Citadel pumped and dumped the DATs and squeezed both sides of the trade.

Retail stayed away because after FTX and Luna the industry's biggest growth area was memecoins, capped by the president's own coin.

Argues real growth comes from governments and companies moving off legacy systems, which requires adult conversations about identity and privacy.

You must make the system safe enough to trust, not one where a clever person with AI can take everything from you overnight.

Affirms the code runs as intended and governments do not control it, but users in jurisdictions keep their life, liberty, and property rights.

Warns the next five years decide whether people join Google, Microsoft, and Apple chains or crypto, and fantasy land hands victory to the Mag 7.

Cardano did the hard work with its constitution and recovered from the worst proof of stake hack, and he will not change his advocacy.

Admits he is tired, comparing the industry to an alcoholic that keeps relapsing, and wants to move to a new state of evolution.

The technology evolves through his four blockchains, BitShares, Ethereum, Cardano, and Midnight, but the culture must grow up too.

Compares a frozen industry to a perpetual bachelor stuck in his 20s who ends up alone, so crypto must change or collapse.