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You seem to know more about this, so I'm wondering: is "most tokens are really securities, but the way tokens work means you couldn't really make them compliant
by rtpg 4y ago
You seem to know more about this, so I'm wondering: is "most tokens are really securities, but the way tokens work means you couldn't really make them compliant securities in the same way that my paper plane is a plane but I won't get FAA approval to sell it to American Airlines" a way of envisioning the world on this? Or are 'compliant securities' theoretically a possible thing in some vision of the world where compliance means something?
- junofan 4y agoSecurities regulators worldwide have devised processes for compliant crypto securities, so it is possible. It’s more like the guy running the FAA is a former Boeing exec and refuses to grant airspace authorization to rocketry startups.
- hef19898 4y agoThe FAA isn't in charge of airspace access anyway, is it?
- mrguyorama 4y agoWho do you file your flight plan with?
- hef19898 4y agoShows that aerospace, read the development, certification and production of aircraft, is different from aviation, as in the use of said aircraft. Guess which side I am on.
- mrguyorama 4y agoBut "Airspace access" IS controlled by the FAA? If I want to fly a plane into the sky over the US, I have to ask the FAA for permission. I'm trying to understand what you were alluding to in your previous comment.
- hef19898 4y agoThat a) I know a lot more about the aircraft building bit than I do about the flying bit and b) I was wrong about what the FAA does when it comes to air traffic and flight plans. Reason being, once an aircraft is sold it usually isn't my job to worry about it anymore.