binance going with the classic "we were just moving fast and breaking things!" defense

via https://nytimes.com/2023/04/26/technology/binance-crypto-crackdown.html

Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies

The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.

The New York Times
[on trial for smashing up a store]
your honor, i was just seeing myself as a tech company. i break things.

Bad Advice: That's a great way for the state to pay for your psychiatric care.

Of course, psychiatric care for tech companies should be invented.

@molly0xfff Smash up one store, you're a hoodlum. Smash up 100 stores, you're a disruptor!
@molly0xfff You missed the part about moving fast, can't let the cops catch you
@cameron @molly0xfff
I feel it's less about getting caught and more about breaking many things so fast before a "user" even reports one of them

On a totally tangential note, when #russians smash up a store, or a (currently) neighbouring country, they follow the Pottery Barn Doctrine: "You break it, you own it".

Or at least they die trying.

@molly0xfff

@molly0xfff Just be sure you are doing it quickly
@molly0xfff ah, your honor, my client did not “run from the police”, they were merely “moving fast”
@molly0xfff move fast and break things. Or listen to the talk #zuckerberg gave at #Harvard #CS50 class years ago where he said in #tech it’s better to ask forgiveness than to ask permission.
@molly0xfff Bulls exit china shops, cite "hostile regulatory environment".
@molly0xfff move fast and break the law?
@mxtthxw @molly0xfff Well, the law is a thing
@duckswithpants @mxtthxw @molly0xfff Uber and airbnb are your classic examples of just operating against regulations until getting big enough to get regulation based in their favor
@molly0xfff “Your Honor, plenty of other murders have also killed people. The defense rests”
@molly0xfff everyone's done it. It's totally cool.
@molly0xfff I see that more as a belt-and-suspenders approach because it also includes "sees itself as a tech company."
@molly0xfff product-responsibility - a word tech just dont know.....
@molly0xfff We need an Elliot Ness of moving more prudently and protecting things.
@molly0xfff Presumably the things being broken are laws.
@molly0xfff the classic "we imagined ourselves not being liable and liked that better" defense
@molly0xfff Honestly, this "but everyone else in crypto does it too!" defense feels like a very validating juxtaposition against Gensler's recent statements of "the entire industry is willfully noncompliant."
@molly0xfff Nobodys defending Binance
@molly0xfff There isn't a mom alive who'd let "Everybody else is doing it" fly as an excuse. Seems like Binance might need a stern but caring mother figure to guide it out of the shadows!

@molly0xfff

maybe they think sonic the hedgehog is a documentary about how stealing fast makes it ok

@molly0xfff
The difference between whoopsy and jail is regulations. Every time somebody says we need to get rid of regulations to allow for innovation, I repeat that. If you are jacking people over and not held accountable, has innovation been useful? No.