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If you want to understand the dangers of
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. @CampbellJAustin this & the DM followups were why I blocked you; I found you very condescending and your position was extremely bad for DeFi now that the great @brianeklein has won the fraud claim for his client & the good of DeFi through brilliant and dogged advocacy it is time to eat crow publicly, and we can be friends again, and you can embrace positions that are consistent with the spirit of DeFi from here on out = )
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I argued up and down here that what Avi Eisenberg did wasn't fraud and it would be disastrous for DeFi if it was. Got a lot of grief for it. Congrats Brian Klein, this is a win for DeFi.
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you're going to see a lot of crazy degenerate and semi-desperate RWA plays a lot of it will mostly be some combination of stupid and illegal and people will be asking us lawyers "how can they do that?" well, they can't, and it won't be sustainable, but they need headlines & need to be 'first' pay attention to those building for the longer-term
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another aspect of Ethereum is that basically the 'leaders' / early ecosystem players voluntarily decentralized it--whether idealistically (probably true re: Vitalik) or cynically to protect their wealth effects against legal threats (probably true in the case of ConsenSys and some others) this may never be repeated again due to much more friendly legal climate and the proven fact that decentralizing kneecaps B/D, "shipping fast", etc. . . to me although Ethereum has a doxxed founder and some other early issues, its lore and path to decentralization are as unique and as un-repeatable as Bitcoin's thus making Ethereum and ETH special snowflakes indeed
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I really don't get how in crypto it's totally normal not to disclose you were massively bribed to participate in some activity made to look like it's natural/organic. Crime.
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