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@LefterisJP @LidoFinance @coinbase @krakenfx @stakedus @BitcoinSuisseAG It's a hypothetical we hopefully won't actually face. But if we did we'd go with B i think. Got to focus on the bigger picture. There may be some better option (C) or a legal challenge as well that could help reach a better outcome.
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Question for @LidoFinance, @coinbase, @krakenfx, @stakedus, @BitcoinSuisseAG
If regulators ask you to censor at the #ethereum protocol level with your validators will you:
A) Comply and censor at protocol level
B) Shut down the staking service and preserve network integrity
eylon ☯️🐲@TheEylon
Start with the big, current one. Currently it looks like over 66% of the beacon chain validators will adhere to OFAC regulations, @LidoFinance @coinbase @krakenfx @stakedus @BitcoinSuisseAG
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@GergelyOrosz @smsunarto The result of this is that tech startups avoid going public as a long as they can and non-accredited investors can’t fully participate in the upside of one of the biggest economic shifts in the past century.
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@smsunarto No one said that TradFi is perfect, but it has ~100 years of lessons in regulation. Every such incident adds more regulation.
The Sarbanes–Oxley Act was drafted as a result of this. Also: Enron execs were imprisoned, and their auditor (Arthur Andersen) lost all their business.
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@GergelyOrosz While at the same time stringent regulations made them lose out on a big part of the tech boom in the past decade while VCs and tech insiders made most of the money. There is a reason why so many participated in the crypto bubble.
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Why I'm excited for web3 mobile in 2022:
gaby.mirror.xyz/h32wmagPoBPR4T…
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"I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies." world.hey.com/dhh/i-was-wron…
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@sriramk The enormous payoff from decentralization and permissionless innovation. I cannot believe more people don't understand this. It's so obvious.
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@themindscourge Quite high, actually? Two clear consequences of COVID: (1) a sudden massive acceleration of technology adoption, and (2) a sudden productivity-enhancing reorganization of business activity. Both bullish for economic growth in the decade.
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Huge benefit of being an @a16z portfolio company:
The a16z CEOs mailing list.
Founders at all stages asking each other for input, figuring out how to run a company.
100x more useful than any book on entrepreneurship.
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Built an NFT security gate prototype. The gate can verify if you own a specific NFT.
This demo shows @pixereum NFT holders can go through the gate.
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Built a prototype of a car-sharing system with NFT (ENS).
This system verifies if you have an ownership of @ensdomains (In this example, car1.sharedao.eth), and then unlocks a car door.
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