They Thought ‘Crypto Banks’ Were Safe, and Then Came the Crash

I still remember their famous quote "Enjoy being poor" while gambling in the modern Tulip mania.

Nice moral question! For me criminal and civil liability: Equity partners / holders - please yes. Non equity and not abundantly proven operating in a criminal activity - please no. The in between - civil action in order to prove intent, not criminal. Culpability is a fluid concept. Once you know it’s fishy and don’t get out you bear a lot of culpability in my book. But if one is working for a wage and working on detailed problems given to you without the big picture (the ‘Snow Crash’-coder) then it’s another case.

At the end of the day most of Western society operates without any repercussions for bankers, government officials etc for what I perceive as corrupting behavior. The powers that be seem fine with that and even in countries where populists come to power, that balance hardly seems to move. I don’t think I can expect balanced law and order reform from populists, but I keep hoping. Rome got it right a few times in their thousand year empire (not to mention the many centuries where they got it wrong from the common man’s perspective).