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Maya Parody Parody
@mayazi
Given FTX is the bull market winner Sam gets to write the rules & choose which hill to die on. What’s interesting is that he chose p2p payments & not permissionless smart contracts, where free speech & open crypto sandbox actually proves the tenacity of permissionless
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SBF
@SBF_FTX
1) As promised: My current thoughts on crypto regulation. ftxpolicy.com/posts/possible
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Maya Parody Parody
@mayazi
Replying to
@SBF_FTX
That’s great in theory, but specifically given OfAC now sees fit to block smart contracts at their discretion I don’t see how that aligns. I’m all for the disclosures & consumer protection, but the minute OFAC mandates what smart contracts are allowed, it’s not permissionless
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SBF
@SBF_FTX
Replying to
@mayazi
to be clear, OFAC should *not* move to an allowlist system, that would be very bad also idk what to tell you but right now it is the case that OFAC can designate an address as sanctioned and then it is in fact illegal to send funds to it
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Maya Parody Parody
@mayazi
Replying to
@SBF_FTX
But that’s exactly the point, conceding OFAC can block smart contracts rather than users is conceding the concept of permsionless & a defacto moat for US devs. OFAC SHOULD be a block list…of addresses, not contracts. Presumed innocence should apply to blockchains as well
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