1) As promised:
My current thoughts on crypto regulation.
Conversation
Replying to
Sam.
With respect.
This absolutely sucks.
You're saying DeFi should be OFACed.
You're saying onchain freeze's should be normal.
You're saying DeFi front-ends to register as a broker-dealer.
No, this is not reasonable.
This would eliminate the U.S. from the crypto race.
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Replying to
Right now devs can’t write code in the US without fear of requiring a license they couldn’t possibly get, and you can’t launch a token without fear of prosecution for not completing a registration no one could complete.
If the industry argues for no regs this is what we get.
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And what exactly do you think we should do we assets that came from eg a hack? Right now everyone avoids those assets effectively freezing them.
To be clear I *don’t* think validators should!
Okay so why not just freeze asset only on CEX, which is the only way to cashout ?
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also, for the BTC blockchain, are you in favor of freezing addresses by miners ?
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What do we do with cash that's robbed from a bank?
Same principals should apply. Just because "we can" doesn't mean "we should"; Arguing we should just freeze users accounts because of negligible coding isn't a very sound argument.
