#CryptoRoundTableRemarks
💻 Finance Is Now Run by Code. Here’s How We Fix It:
CODE = FINANCE (Proof):
1️⃣ Tornado Cash (2023):
Devs arrested for writing privacy code later used by hackers.
→ Like jailing a lock-maker for burglaries.
2️⃣ Uniswap (2024):
SEC sued its swapping code as an "unlicensed stock exchange."
→ $2B/day trades, zero brokers.
3 REAL SOLUTIONS:
🔧 1. Safe Code = Audited Code
Mandatory audits (like car safety checks) for financial apps.
Example: Chainlink’s Proof-of-Reserve stops another FTX.
⚖️ 2. Clear Rules for Devs
"If your code is truly decentralized (e.g., Bitcoin), no liability.
If it has a ‘kill switch’ (e.g., some DeFi apps), treat it like a bank."
🌐 3. DAO Courts
Let decentralized communities (not just governments) judge disputes.
Working example: Aragon’s digital courts settle conflicts on-chain.
My Take:
✓ Devs ≠ criminals. Coding tools ≠ running banks.
✓ Real Issue: Bad actors (e.g., North Korea hacking crypto).
✓ Solution: Target criminals, not tool-builders.
Common Sense Rule:
“Don’t blame the car maker for drunk drivers.”
Regulate users of tech, not creators sharing free code.
Future: Finance will be 90% code by 2030 (McKinsey). Let’s build guardrails NOW.