@I_am_qudesky@standardcrypto@MakerDAO@RuneKek DAOs are specifically organized to conduct illegal activities & where remedies-actions verge on criminal, VCs or other whales contract w/ {hopefully) undoxxable actors. Based on most accounts, between 40% to 60% of the funds in @makerdao, @Uniswap and others is scary dirty.
@CryptoTaxGuyETH@milesjennings .@Uniswap, @MakerDAO & around another dozen DAOs operate as publicly traded partnerships, & not one has filed a return despite owning U.S. treasuries & U.S. listed equities. It's a sore point for @a16zcrypto because they're the most exposed - prob. >$b in tax liabilities alone.
@lex_node Andreessen is all about the retail 'legal scam' - it's 100% of @cdixon - @milesjennings business model. The tragedy is that @a16zcrypto has destroyed intellectual honesty in the regulatory debate.
@lex_node do you suggest adding the BORG because the presence of too many contractual arrangments at the DAO messes w/ its ability to support its non-entity standing (not a corp/p'ship/assoc. etc.) for regulation, FRCP 17(b), and state laws?
I know everyone is losing their minds about the spot bitcoin etf but...
ultimately we're packaging bitcoin in a fund, so that a bunch of the same wall st intermediaries can sell them to investors, layering fees on top.
feels like crypto should be about pushing in the opposite (non custodial, permissionless) direction.
@alphaK3Y@lex_node such a bad take - why does everyone want to die on the Terra/Luna or Richard Heart hill - how about differentiating between the scams & legit projects? why do CT lawyers all rush to support the biggest cons just to argue hyper technical crap like you can't serve crytpo creeps?
@adamscochran@GaryGensler@HesterPeirce the risk with @HesterPeirce is she's a full-on Andreessen lobbyist like Hinman - if we want Andreessen to control 100% of regulation and enforcement, she'd be a good choice - probably two-thirds of everyone in crypto and defi would be Ok with that