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0xJoshua.eth (🦇,🔊)
@0xJoshuaSL
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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Mark Jeffrey
@markjeffrey
Replying to
@0xJoshuaSL
@SBF_FTX
and
@ErikVoorhees
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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Erik Voorhees
@ErikVoorhees
Replying to
@markjeffrey
@0xJoshuaSL
and
@SBF_FTX
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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SBF
@SBF_FTX
Replying to
@ErikVoorhees
@markjeffrey
and
@0xJoshuaSL
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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Erik Voorhees
@ErikVoorhees
Replying to
@SBF_FTX
@markjeffrey
and
@0xJoshuaSL
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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SBF
@SBF_FTX
Replying to
@ErikVoorhees
@markjeffrey
and
@0xJoshuaSL
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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Erik Voorhees
@ErikVoorhees
Replying to
@SBF_FTX
@markjeffrey
and
@0xJoshuaSL
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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SBF
@SBF_FTX
Replying to
@ErikVoorhees
@markjeffrey
and
@0xJoshuaSL
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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