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My one critique here is that a focus only on "explicit and unambiguous" promises will be most helpful to entrepreneurs that are willing to create a fiction about their future efforts, and most harmful to entrepreneurs that are honest.

2017/2018 proved that isn't a good recipe.

My one critique here is that a focus only on "explicit and unambiguous" promises will be most helpful to entrepreneurs that are willing to create a fiction about their future efforts, and most harmful to entrepreneurs that are honest. 2017/2018 proved that isn't a good recipe.

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 21:29:07
RT @SECPaulSAtkins: I was honored to give the keynote at the @PhiladelphiaFed’s Ninth Annual Fintech Conference this morning. My remarks ou…

RT @SECPaulSAtkins: I was honored to give the keynote at the @PhiladelphiaFed’s Ninth Annual Fintech Conference this morning. My remarks ou…

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 17:09:37
RT @ammori: Fischer was Gensler’s right hand during a 4-year failed investigation into Uniswap that found nothing. No case was ever brought…

RT @ammori: Fischer was Gensler’s right hand during a 4-year failed investigation into Uniswap that found nothing. No case was ever brought…

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 16:58:02
Great to see this progress on a taxonomy by the SEC Task Force. 

Critically, SEC appears to be working on a path for network tokens to avoid securities laws, while still focusing on economic reality and constraining assets that represent profits dependent on managerial effort.

Great to see this progress on a taxonomy by the SEC Task Force. Critically, SEC appears to be working on a path for network tokens to avoid securities laws, while still focusing on economic reality and constraining assets that represent profits dependent on managerial effort.

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 16:57:46
RT @EleanorTerrett: 3/The proposed token taxonomy, currently being worked on by the Crypto Task Force, is as follows:

📌Network tokens/digi…

RT @EleanorTerrett: 3/The proposed token taxonomy, currently being worked on by the Crypto Task Force, is as follows: 📌Network tokens/digi…

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 16:54:16
I would ask Amanda how many shareholders she’s aware of that accrue direct value transparently and programmatically from automated systems that aren’t subject to any human  control…

But we all already know what the answer is: zero.

I would ask Amanda how many shareholders she’s aware of that accrue direct value transparently and programmatically from automated systems that aren’t subject to any human control… But we all already know what the answer is: zero.

@a16zcrypto | Prev Partner @Lathamwatkins | Write about crypto policy, decentralization, tokens & more - https://t.co/HHs2dV36CB

avatar for miles jennings
miles jennings
Wed Nov 12 15:22:35
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