4 ms·
Frankly, I don't think it's up to you to pick a lane. It's the wild-west at the moment because the technology is new. But it won't be long before the law catche
by nicoburns 4y ago
Frankly, I don't think it's up to you to pick a lane. It's the wild-west at the moment because the technology is new. But it won't be long before the law catches up and crypto will be subject to it the same as everything else.
- glerk 4y agoPublishing a piece of code on a public blockchain cannot be made illegal. The Court of Appeal already ruled that code is speech making this a first amendment issue [1]. Decentralized finance is here to stay as an alternative to the traditional system. Some things are just impossible to regulate. [1] https://www.trustnodes.com/2018/11/09/smart-contract-code-is-free-speech-protected-by-the-first-amendment https://www.trustnodes.com/2018/11/09/smart-contract-code-is...
- nicoburns 4y agoPerhaps not in the US (but many countries have no such constitution), but redeeming said tokens for fiat currency could still be made illegal, which would dramatically reduce the usefulness of such a a system.