1) Even more updates on the crypto amendments in the Senate infrastructure bill!
Context:
Context:
https://twitter.com/SBF_FTX/status/1423529349828030467
2) The good news: after a large public outcry, the Warner/Portman amendment has modified its weirdest piece.
First, it removed the Proof of Work reference, instead excepting _all_ validation. Great!
It was then _further_ revised, to exclude both PoW and PoS, but not others.
First, it removed the Proof of Work reference, instead excepting _all_ validation. Great!
It was then _further_ revised, to exclude both PoW and PoS, but not others.
3) Which is odd. What if something has multiple steps to its consensus mechanism, one of which is PoS?
I guess they're worried about things which are only dubiously validating?
Either way, it brings it closer to being a bit of a mess, and choosing favorites.
I guess they're worried about things which are only dubiously validating?
Either way, it brings it closer to being a bit of a mess, and choosing favorites.
4) There also doesn't exist an exception for developers, who again don't know anything about the state of taxes of users of a decentralized blockchain.
So it's a mess. But it's also progress, and evidence that in the drive towards compromise, something good is happening:
So it's a mess. But it's also progress, and evidence that in the drive towards compromise, something good is happening:
5) The people involved, as a collective, seem to be responding to reasonable forces, if not quickly enough.
Of course, there's always time for more twists!
Of course, there's always time for more twists!
https://twitter.com/PerianneDC/status/1424110422026752002
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