1) As promised:
My current thoughts on crypto regulation.
Conversation
Replying to
Hey I'd be honored if you'd read my response, and to know what you think of the conclusions.
3
14
76
Replying to
eh so I think I feel not very heard by you on blocklists?
like, I don't know how many times I wrote--both in my post and in my tweets--that I *don't* think it should mean that e.g. validators and blockchains are police, but my reading of your post implies that you think I did?
2
2
21
on OFAC -- idk man, I'm just restating the law here. You're welcome to (and in fact do!) state your opinions on what they law there should be, but that doesn't change what the law *is*.
5
2
18
on DeFi -- this is definitely the piece I'm least certain on.
I think the proposal I laid out is (a) better than the status quo and (b) better than we're likely to get.
But totally understand if you disagree with either of those, or otherwise think it's the wrong approach.
3
15
Replying to
I appreciate your answers.
Why do you believe it's "better than status quo"? Status quo doesn't require licensing of front-end websites.
3
24
Replying to
I think your reading of the status quo is waaaaaaaay too optimistic.
What happens when you go to dydx.exchange with a US IP address? How about uniswap.exchange and try to search for a tokenized stock?
Replying to
Licensing and OFAC compliance are different animals.
Any American business/person today needs to "not do business with" sanctioned parties. How and to what degree that's accomplished is subjective.
Licensing is different. Uniswap.exchange ain't licensed.
4
13
A polite request for a legal definition of "sufficient decentralization"
Quote Tweet
2/9 For example, for front ends, there are different approaches as to what makes a front end “decentralized.” Here is one: twitter.com/AntonioMJulian
Show this thread
Isn’t this example just dYdX being overly risk-averse? Can’t really say this is the status quo as there are hundreds of protocols not going to this level of blocking US users.
That’s honestly really sad, because I don’t think most people feel that way.
Those are two really specific examples.
It’s not unreasonable, based on crypto’s very creed and purpose, to suggest front ends should not require licensure.
That’s kind of the whole point.
Sam, why should people believe you are concerned about consumer protection when you are biggest farm and dumper around...and much more than has seen retail screwed over.