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> Swiss contract reference and proposes one: https://github.com/CMTA/CMTA20 https://github.com/CMTA/CMTA20 Amazing, someone went thru the headaches of trying t

> Swiss contract reference and proposes one: https://github.com/CMTA/CMTA20 https://github.com/CMTA/CMTA20 Amazing, someone went thru the headaches of trying to make ERC20 compliant with some local laws, wow, I'm just speechless. I suppose there can be some value in unlocking company equity, but placing freezable contract on a public blockchain? I suppose that might make audits easier or something. However, might as well put full trust into the person with the freeze key, would likely be a lot cheaper. Every stablecoin has the freeze function so far, and that underpins DeFi, which has become sizable. I'm probably just dumb.

satellite2 5y ago
> However, might as well put full trust into the person with the freeze key, would likely be a lot cheaper. It's easier to trust someone when everything they do is public. > make ERC20 compliant with some local laws, wow, I'm just speechless. Switzerland is one of the leading actor in blockchain, with rapidely adapting and welcoming regulations (the first "crypto law" was enacted last year) and a fast growing ecosystem (https://cryptovalley.swiss/ https://cryptovalley.swiss/ https://trustvalley.swiss/ https://trustvalley.swiss/ https://www.cmta.ch/ https://www.cmta.ch/). It kind of make sense if you think about it, as crypto really is the future of banking, that the first banking country is taking the lead. So yes a lot of people are working on it and a lot of implentations will come from Switzerland. It's also convenient that the Swiss law is very easy to apprehend, is translated in many languages and is often taken as a reference in international law/contacts as it's a no bullshit law without spectacular outcome in litigation.
vmception 5y ago
My experience with Switzerland was an amazing experience in what goverment could be. Like, the biggest culture shock was how it wasnt adversarial. My extremely low bar was just hoping I wasn't fighting intentionally onerous or ignorant bad laws. But Switzerland offers very high bar in this sector, one of collaboration and help! In other day to day areas there is a lot of red tape. But in fintech and crypto protocols they are doing great things at the right time. I’ve always contended that public resources could be spent on simply making better smart contracts for the industry to optionally use, as opposed to state actors still incoherently ranting about "regulating crypto" 10 years in, while achieving no consumer or investor protection with any regulatory action or proposal. Consumers and investors can weigh and vet projects more easily partially based on its use of vetted contracts from the state. Thats crazy talk here in the US right now, but not in Switzerland.

satellite2 5y ago

> However, might as well put full trust into the person with the freeze key, would likely be a lot cheaper. It's easier to trust someone when everything they do is public. > make ERC20 compliant with some local laws, wow, I'm just speechless. Switzerland is one of the leading actor in blockchain, with rapidely adapting and welcoming regulations (the first "crypto law" was enacted last year) and a fast growing ecosystem (https://cryptovalley.swiss/ https://cryptovalley.swiss/ https://trustvalley.swiss/ https://trustvalley.swiss/ https://www.cmta.ch/ https://www.cmta.ch/). It kind of make sense if you think about it, as crypto really is the future of banking, that the first banking country is taking the lead. So yes a lot of people are working on it and a lot of implentations will come from Switzerland. It's also convenient that the Swiss law is very easy to apprehend, is translated in many languages and is often taken as a reference in international law/contacts as it's a no bullshit law without spectacular outcome in litigation.

vmception 5y ago

My experience with Switzerland was an amazing experience in what goverment could be. Like, the biggest culture shock was how it wasnt adversarial. My extremely low bar was just hoping I wasn't fighting intentionally onerous or ignorant bad laws. But Switzerland offers very high bar in this sector, one of collaboration and help! In other day to day areas there is a lot of red tape. But in fintech and crypto protocols they are doing great things at the right time. I’ve always contended that public resources could be spent on simply making better smart contracts for the industry to optionally use, as opposed to state actors still incoherently ranting about "regulating crypto" 10 years in, while achieving no consumer or investor protection with any regulatory action or proposal. Consumers and investors can weigh and vet projects more easily partially based on its use of vetted contracts from the state. Thats crazy talk here in the US right now, but not in Switzerland.