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> You can't just take money into a Delaware corporation and let anonymous wallets vote on what the company does with its assets. Anonymous holding companies wo
by cl42 5y ago
> You can't just take money into a Delaware corporation and let anonymous wallets vote on what the company does with its assets.
Anonymous holding companies would like to have a word with you.
> I understand that crypto enthusiasts want to blow up American securities laws. I don't understand why they think it's going to happen if they just persistently keep doing things which are either illegal or just scammy with no legal protections to those whose money is at stake.
I guess you must have also really hated Airbnb when it first came out? Or Uber and Lyft?
The web3 and crypto space is moving very quickly and you are right that regulatory bodies are struggling to keep up. What is welcome is that many people are now iterating and experimenting with these structures and some will fail miserably, while others might create completely new opportunities.
This is how innovation works.