Really interesting and probably on the nose. Strongly echoes the entrenched informal economy that exists in most quickly developing countries - not sure how to feel about this fact.
Everything that has worked well in the West is built on a thick foundation of property rights, backed by the brittlest and most vulnerable identity layer possible. This is just now starting to catch up to us.
The more the web becomes unbelievable, the easier it is to create or make anything, the more we must return to the old ways of doing business. It's trivially easy to spoof anyone and anything online, it's a lot harder to fake it IRL.
Talking with journalists is cool because you have to make sure you never say anything that could be twisted or taken out of context.
But if you take a couple seconds to think about a question, they can just write about you as if you're the most awkward person alive
I remember having to explain to our bank that although POAPs were NFTs, they were unlikely to be used as part of money laundering schemes or to defraud collectors.
Happy to see we are entering brighter times.
"Clear rules don't guarantee success, but ambiguity guarantees waste of energy."
@izonline on the SEC's new Regulation Crypto Assets proposal, from someone who built @poapxyz through years of that ambiguity.
CLARITY ends the guesswork: it defines what a digital asset is, what
