Sansa.eth

Art dealers could be considered financial institutions by regulators in the future. NFT exchanges could be regulated under this same theory.

@NTmoney Ethereum really displaces the legal system as an enforcement mechanism. We no longer need the court system to enforce transactions retrospectively when smart contracts won't allow transactions to go wrong (when constructed correctly).

Ethereum allows authenticity to be enforced without a legal system Smart contracts > legal contracts

Legally enforcing the IP of NFTs is destructive to creativity and value

I want to see coinbase's stats on user visits from that super bowl commercial

19th century US bank notes were currencies that were: competing with each other, private, and variable in price. They were regulated from inception but still taxed out of existence by the federal government. seeing numerous parallels with crypto and potential gov policy today.

If we don’t regulate ourselves they’ll do it for us.

OpenSea voluntarily decided to provide redress to users whose NFTs sold at old listed prices, even though the party at fault is ambiguous. Can we rely on platforms to refund users voluntarily? Is there a better method to make users whole when something goes wrong?

snagged a new pfp @Crypto_Skulls

making PFP verification only available to Twitter Blue subscribers is the epitome of web2 wen web3 social network???

@RyanSAdams User pressure seems to have made a bigger difference than formal regulation. I've noticed a lot more "edit your privacy settings" options and notifications about apps tracking my location, etc. Voting with your wallet works.

Data privacy regulation has delivered us "Accept Cookies" popups on every website but has failed to deliver us any real results for consumer privacy

@dcinvestor Do you think there should be an updated ERC for NFTs that includes the capability to will away the contents of your wallet? Or trust that artists will pass their private keys down to their heirs?

👆 let's say a popular NFT set still has volume in 75 years the artist and their children have passed away should the grandkids keep getting paid? great grandkids? what happens if there aren't any? who decides what happens with the money in 100 years?

not to be morbid, but it'll be interesting to see what happens with artist royalty payments if a prominent artist were to pass away will collectors pay royalties to heirs? would artists be better off establishing a trust, transparently donating funds to charity, etc.?

@vicktoriouseth I went through this too. Spent weeks looking through female pfp collections of 10,000 before I decided to aim for a female punk one day and get a 1/1 painting by a female artist in the meantime. Ended up very happy with that route!

my fiancé needs a female pfp NFT .. no I’m not buying her a WoW 😂😂 chill .. what we got out there tho ?!

had a dream the other night that the flippening happened. consciously and subconsciously expecting big things for ETH in 2022

first time seeing some friends after the holidays and three people have already asked me about NFTs... normies are getting the memo

@MoonbaseOtago @beaniemaxi Yes, that is why I believe self-enforcement within the community is the best approach. What do you think? Also, the blockchain is immutable so the courts would not be able to edit it even if they wanted to.

@sansadoteth @beaniemaxi Well if you tried to get a court to do this you unlock courts demanding to be able to edit a blockchain, which sort of negates the whole point

If you buy a stolen Bored Ape from a hacker knowingly or not, you legally have to return it to the victim of the theft for free. That’s how property laws work. If you knew it was stolen, you’re likely criminally liable as an accessory. Because you had intent to buy stolen goods.

Ethereum is a nationstate: - protecting property rights for the metaverse - creating voluntary rules for commercial activity - reprogramming value flows across the world - reinforcing democratic voting for millions - building an ecosystem of flexible, programmable orgs (DAOs)

eminem just gained so many CT followers 😂 shows the power of embracing the community

@beaniemaxi "code is law" does not mean that whatever happens in a smart contract is legal. it means that whatever the smart contract says will happen, happens. code is an enforcement mechanism, just as the law is.

Code isn’t law. Just because you’re able to trick somebody into sending you a digital asset for free, this doesn’t make it legal. Blockchain doesn’t change this dynamic. It’s just a ledger. If you somehow managed to steal a car and get it registered in your name, can you keep it?

@motdraw1 @NFOGtweets @olivegarden @darden @opensea My understanding of the DMCA is that the platform is required to take down the allegedly infringing content upon receipt of a takedown notice. However, if a counter-notice is submitted to the platform, they must put the content back up unless the alleged owner files a lawsuit.

Today we were sent a DMCA from @olivegarden @darden and were subsequently delisted from @opensea. Here's our official response. wyhyf.

@NFOGtweets @olivegarden @darden @opensea have you considered submitting a counter-notice to OpenSea?