larry
@larryflorio.eth
Without falling too much into “this time is different,” token networks are (or at can be) inherently different from other assets & systems. They can have value accrual like securities, but like commodities can lack the centralized control or information asymmetries. To come up with a regulatory framework that addresses crypto’s unique characteristics without ending in worse tradfi or a dystopian free for all, you really need to go back to first principles on what existing regs are trying to accomplish wrt existing asset classes. In most cases, those rules are trying to control for the greed and/or incompetency of people (the “humans in the loop” that @lex-node references in his company’s whitepaper). A decentralized system may not have people involved, and shouldn’t have a single or concentrated group of actors in the middle. Whatever framework we end up with needs to acknowledge, accept, and embrace that.
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Vinay Vasanji
@vinayvasanji.eth
curious if you have come across /revnet and have a point of view on it? i'm not associated with the project but have been reading up on it for the past few days https://warpcast.com/vinayvasanji.eth/0x282a2b64
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larry
@larryflorio.eth
I haven’t heard of this, thanks for sharing. I’m going to take a look
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