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I disagree with the vast majority of this, may write a thread later.
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1) As promised: My current thoughts on crypto regulation. ftxpolicy.com/posts/possible
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would love to see it! I def could be wrong on some of it. But FWIW it's built on my sense of what the best realistic outcome is.
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I think my biggest concern is the maintaining of a blocklist. I agree that the presumption ought always to be freedom of transaction, but the difference between an allowlist and a blocklist is on which side the majority falls. There is no practical difference.
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It still all boils down to "these people are allowed and these people are not, we are a centralized authority requiring adherence to our lists" The number of entrants on either side of the list is not the point.
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