1) I’ll post more later, but:
a) Crypto—and for that matter, commerce in general—does not function without peer to peer transfers and a presumption of freedom
b) it has to be free to write software as long as it is not eg a scam
c) validators’ job is to validate not to police
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2) I’m optimistic that the Stabenow-Boozman’s bill will provide customer protection on centralized crypto exchanges without endangering the existence of software, blockchains, validators, DeFi, etc.
If I were convinced I was wrong about that, I would not support it.
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Thanks for sharing your views on this bill.
It's hard for ordinary crypto enthusiasts to make sense of the intersection of crypto technology, gov't/legal issues, & economic game theory that's relevant here.
So, views from crypto leaders like you are appreciated.
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The last DCCPA draft was clearly unworkable for defi so hope you are advocating for a new draft with more sensible language & regulations
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How is it going to "provide protection on centralized exchanges without endangering " everything else crypto was founded and built on?????????????
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And what about the common citizens living in those sanctioned countries that have nothing to do with their government¿???????????????
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sbf is on the government side, not people ones, duh?
he is pro censorship
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There’s a fundamental conflict between crypto and the levers of power we use as a society to enforce laws. I think the enforcement side needs to be completely re-thought to adjust to this new reality, not crypto. That’s really, really hard, but it can/must be done. 👍