He's part of a key advocacy group on the front lines in Washington educating them about us and us about them. He's expressing here that regulators are coming after every component of alleged DeFi projects.
Where do you get regulators from this?
https://www.homedepot.com/b/Tools-Air-Compressor-Tools-Air-Compressor-Parts-Accessories-Air-Pressure-Regulators/Air-Tool/N-5yc1vZc9n7Z1z1c6u3?mtc=SEM-VF-F_D25T-G-D25T-028_032_PORTABLE-RYOBI-NA-NA-DSA-2231655-WF-PortablePower_PL2&cm_mmc=SEM-VF-F_D25T-G-D25T-028_032_PORTABLE-RYOBI-NA-NA-DSA-2231655-WF-PortablePower_PL2-71700000085311095-58700007260343981-39700065161806125&gclsrc=aw.ds&gclid=Cj0KCQiA2ZCOBhDiARIsAMRfv9K3qqKIcN9FRRbq7e13tjCC5cZAGgakEqhI3Rw6pbRUW0tikMInZP8aAuEjEALw_wcB
Jake is directly or at times supporting a team that is directly communicating with lawmakers and occasionally regulators. He's not being subtle here. He knows specifically what regulators in the US are targeting (or are signaling they'll target) and he's frequently encouraging DeFi developers to be more vigilant about building genuinely decentralized projects end to end. They're not funded or staffed enough to go after every project, but they will make examples out of some easy, high volume, decentralized in name only projects.
It’s crazy that bitshares has had truly 100% decentralized experience since 2014 and here we are 8 years later and most defi is centralized. The biggest problem with truly decentralized defi is management of the smart contract which is where regulators are going to crack down.
Is that Virginia Tech Blockchain Course Program still going on?
I'm pretty much coming to the conclusion that forks are the only consensual means of updates.
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