Conversation

0xJoshua.eth (

)

@0xJoshuaSL

Oct 30

Replying to

@markjeffrey

@SBF_FTX

and

@ErikVoorhees

Watched this earlier today, it seemed like a productive discourse You can tell Erik has a stronger grasp, but showed deference to SBF in a “You gotta trust the person in the room” way I never felt like SBF was lobbying on my behalf, but under Erik’s influence, I do feel better

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and

I feel like Erik would blow an actual negotiation -- though I highly respect his thoughts and position. I don't think an absolutist, purist position is possible here. If we gambled with that, we'd all get nothing. SBF is practical. He's balancing many, many things.

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and

Let's be really clear... My suggestion to Sam wasn't to take an absolutist, purist position. That's a strawman. My suggestion was highly pragmatic and prudent: don't include defi in a bill that intends to regulate BSA-registered financial intermediaries.

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hm so I think you and I have fairly different priors on what would be interpreted in DC as 'absolutist' and 'purist' but idk maybe you're right! I'm guessing you've spent a bunch of time talking to lawmakers and regulators from both parties and gotten positive feedback?

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and

Purist = free-market capitalism. No regulations of voluntary transactions between consenting adults. Anything less than that is already a compromise. I have no doubt a great many compromises will be in the DCCPA. Nobody should accept targeting defi as one of them.

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don't think it does target DeFi, do you? If so, where/why? (Also what does 'targeting' mean?) I hear you on free markets! I think DC is more complex right now, but again, I'm probably just off-base here--how have your conversations with politicians gone?

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and

Good to define "targetting" = mandatory behavior imposed on individuals, corps, validators/miners, developers in relation to how they write or read to smart contracts or otherwise decentralized protocols. Language regarding how BSA-governed entities may interact with defi = fine

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And I haven't had "conversations" with federal politicians. They prefer subpoenas to civil discourse, and I don't appreciate being approached under duress.

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and

huh so, uh, how do you think they would respond to your arguments, and what's your evidence for that? I'd love you to fight the good fight! And I'd love you to be as impactful as possible--which I would guess means message testing on the relevant audience in DC and adapting.

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why don't you guys work together :-)

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idk if people would want me to, or if

@ErikVoorhees

would want to--I assume he thinks I'm net negative And FWIW I would be very concerned about strategies that might backlash and don't wan to be the one to shoot the industry in the foot but doesn't matter--it's his call

3:26 AM · Oct 30, 2022Twitter Web App

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you should take up this offer... Having you and SBF there would be a net positive for the whole industry imho...

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GIF

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ALT

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Hmmm is this why you’re net negative defi yet are building your own stablecoin? Definitely conflict of interest there 🙄

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I literally said you were a net positive twitter.com/ErikVoorhees/s If I can be helpful in *any* way with DCCPA, just ask.

Quote Tweet

Erik Voorhees

@ErikVoorhees

Oct 29

Replying to @dytfin and @ctaggr

It's Erik with a fuckin' K!!!!

Regardless, @SBF_FTX has built one of the most important exchanges in crypto's history, serving millions of happy customers and has helped bring crypto mainstream. He deserves massive credit for that and he is absolutely a net good for crypto.

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ah sorry <3 I guess I meant -- positive *on engagement in DC*

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Bring him on and work together 🤷🏻‍♂️

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Sam you *already* shot the industry in the foot with your feckless support of perps and dumping on the DeFi community, enablement of grifters like 3AC and Celsius et al, and your Alameda's predatory attacks on various protocols. Just leave, please. We don't need or want you here.

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The reality is no one has been giving you more benefit of the doubt than Erik, he constantly defends you as a good actor and shows tremendous respect for FTX and everything you have built. Why in the world would you assume he thinks you are a net negative?

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I’m sure it’s a tiring/frustrating position to have CT railing against you and PR asking u to chill it. It seems like frustration and a misread of situation. Help make sure they make up in due time & become an unstoppable force 4 this industry 💪

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You guys working together is absolutely the best outcome here.