X @Nick Szabo

Blockchain Risks & Regulations - Blockchains with arbitrary content pose higher legal and moral risks for operators compared to those confined to financial transactions [1] - Running a node that cannot selectively delete unacceptable content without functional disruption is riskier than data services with selective deletion capabilities [1] - Moral and legal categories of arbitrary content vary widely, including CSAM/CP, obscenity, copyrighted material, censored political content, trade secrets, and classified material [2] - Jurisdictions (hundreds) have their own variations in treating different content categories, with some prohibitions like those against CSAM/CP having high popularity and enforcement [2] - Government response to one type of content is a poor predictor of its response to another, and the response of one government is a poor predictor of another's response to the same content [3] Mitigation Strategies - Blockchains discouraging arbitrary content through escalating fee schedules, byte limits, and format enforcement are less risky to run [3]