Discover and read the best of Twitter Threads about #digitalassets

Most recents (7)

1/ My views in EconomicTimes on #Libra: “If @facebook were to design the Libra to be a closed system, only to be transacted on its network and not beyond, #RBI should ideally be less concerned, since the #coin does not engage with the external economy” bit.ly/2Ro8jpC
2/ “If it is not meant to operate in a closed system, then it is exactly the kind of #DigitalAssets that concerns RBI. #regulations as currently drafted seem to indiscriminately apply to both the above examples.”
3/ "The argument that this is a #stablecoin — a #cryptocurrency whose value is pegged to be as stable as the dollar — is unlikely to pass muster with the banking regulator, due to concerns around tax evasion, money laundering and fraud" @ikigailaw
Read 3 tweets
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn Thanks Jake. Who’s responsible for adding federal preemption to the new #tokentaxonomyact? That provision wasn’t included in the version of the bill introduced in December. I wonder what changed between then and now
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn 1/ What’s controversial abt federal preemption here isn’t merely that state securities regulators will object (they will, as Greg Strong points out in @josh_blockchain’s post), but something much more fundamental: do the feds control property law, or just a subset (securities)?
@jchervinsky @josh_blockchain @gulovsen @ForbesCrypto @DelRayMan @AndreaTinianow @GitlitzMichelle @JTelpner @msantoriESQ @ronqman @jaybaris @KMSmithDC @BlockchainAssn 2/ If #digitaltokens aren’t securities, then what are they? The #tokentaxonomyact doesn’t answer bc it can’t. We ran into the same issue in #Wyoming—originally exempting tokens from state securities laws in last year’s HB70, but not defining what they were. So, #Wyoming fixed
Read 7 tweets
@valkenburgh @BullyEsq @propelforward 1/ Magic?? Back at ya w/ the @TenthAmendment! You can expect states to fight like hell to maintain supremacy over property law—neither the Supremacy nor Commerce clauses have eroded that much. If you support federal preemption for property law, do you think feds should preempt..
@valkenburgh @BullyEsq @propelforward @TenthAmendment 2/ ...the UCC? If not, what’s the difference? Big companies in this sector have shown a tendency to seek collectivist solutions for expediency—for short-term convenience. That comes at serious cost for individual owners of #digitalassets & jettisons competition among states to...
@valkenburgh @BullyEsq @propelforward @TenthAmendment 3/ ...ENABLE the industry w/ welcoming laws, rather than restrictive laws. Competition among states has proven beneficial to us—why should we give that up?? It’s a lot harder to capture all the states than to capture Congress. This is shades of the #UASF debate—what’s good for...
Read 4 tweets
1/ BOOM! #Wyoming just recognized clear, direct property rights for #digitalassets by passing SF125! This means #blockchain cos will prob want to apply WY law to your contracts, domicile here, &/or have a physical presence here. Thx again to the army of ppl who helped over months
2/ As @TraceMayer says, v impt for broad adoption of #crypto that it be “backwards-compatible w/ law.” SF125 enables that. Bill was amended w/ improvements & latest is here: wyoleg.gov/Legislation/20…. Goes to @GordonGovernor for signature & could officially become law next week
3/ I'll publish analysis after it officially becomes law, but here's the key: #Wyoming law recognizes property rights in the DIRECT ownership of #digitalassets. Property law in US is determined by states, not the feds. WY not only did it first but did it right!! This applies to
Read 11 tweets
We’ll be announcing a first wave of speakers over the next few days! Confirming more every day, and excited to have every one! For the most up to date list, check out mitbitcoinexpo.org #MITBitcoinExpo #TheNext10Years
Starting off, can’t wait to hear from @tdryja, research scientist and thought leader at @mitDCI! Co-author of the lightning paper and currently working on Utreexo, he has insights to share about the future of scalability! #MITBitcoinExpo Get your tickets: mitbitcoinexpo.org
@cathieyun’s absolutely blown us away with her cryptography for @go_interstellar - some might even say she’s bulletproof! Can’t wait to hear her speak at the #MITBitcoinExpo. #TheNext10Years Get your tickets here: mitbitcoinexpo.org
Read 59 tweets
So many terms floating around lately in relation to #DecentralizedNetworks, protocols, staking, and mining. The following Twitter-Wiki is how I understand all of these closely-related, but subtly different concepts. . . 👇
#DecentralizedNetwork - In our #Blockchain context, a P2P network with a protocol that can trustlessly transfer value in the form of #DigitalAssets.
#GeneralizedMining - Extraction of on-protocol compensation from #DecentralizedNetworks through the provision of #SupplySideServices, liquidity, or alpha-generating activities. (cc @coinfund_io, @JoeLallouz)
Read 25 tweets
.COM domain names are 20x more valuable than their equivalent .NET or .ORGs. And those are the only alternative top level domain names even worth mentioning. smallbusiness-domain.com/blog/dotcom-vs… #DigitalAssets #LindyEffect #SchellingPoint
Read 3 tweets

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