CEO @ https://t.co/zU5eXqFp1E Techie/Trader. Financial Industry/Wall st 1999-2009. Trader since 1996. Hacking since ... much before that.
Oct 29, 2020 • 10 tweets • 3 min read
1/ Practically all L2s so far have been designed with payments as the use case and most of them are UTXO based. UTXO based L2 are highly unsuitable for trading. Some explanation here: ethresear.ch/t/a-dex-on-pla…2/ When we started there was no account based L2. Recently, MATIC (similar to Gluon) has proven to be a good account based L2. OVM is another solution like MATIC that tries to create an entire EVM on L2. There are some impedance mismatches using an EVM based DEX.
May 9, 2019 • 12 tweets • 2 min read
0/FinCEN guidance summary thread:
WARNING: I'm not a lawyer and this is not legal advice. systems.cs.cornell.edu/docs/fincen-cv…
1/Software developers are not money transmitters unless ... they use the software to engage in a money transmission business. Protocols are not MSBs
Money transmission is accepting someone else's monetary value and sending to another person or place
