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.
Conversation
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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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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a lot of people throwing shade but sam spent so much time, money, and efforts on building the bridge with DC and the relationships
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heh idk hopefully I did net good for the world
in the end time will judge us all
hopefully someone else has them to take up the mantle?
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good and bad are subjective, i don’t know how any of this is going to shape up but even as a web3 gaming studio founder i can tell you that the lack of regulatory framework is troublesome.
the ideal path for us is one where you’re involved intimately, sam.
it’s not binary.
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read the poem i quote retweeted the tweet above with and enjoy your weekend king
🫡❤️
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at the end of the day we're all alone with the things we've done
all we can do is fight for what we think is right in the way we think is right
and to make sure others have the freedom to as well
asofterworld.com/index.php?id=2
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you should see me rapping yeezy at karaoke
I can get, like, one in every 5 words out in time
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I’m old enough to remember when one of the men pictured pushed an “everybody should own a home” bill that he thought was right which resulted in a very light and thin housing bubble that popped and caused a lot more harm than any good. That’s how regulation works. see: drugs etc
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