The real movement towards transparent group goals is happening in crypto. Many tech companies have become honeypots and they, like other honeypots, have been raided by dishonest individual actors.
What's the problem here? That software devs were investing in a potential future? That they were getting wrapped up in hype? I bet these new investors learned quite a bit about markets and will be a little more knowledgeful when it comes to negotiating equity.
Looking through the communities around these 'cheaper coins', these people are not the dumb.
The dumb people are busy with either no investment (paycheck to paycheck) or inactive investments (401k in index funds), not building their vision of the future on risky alts.
It might work too, mostly it's software engineers.
A slightly more pessimistic view is that the rich part of society have engaged in regulatory capture to control the most profitable genesis events for their own mutual self interests.
Looks a lot like class warfare on the poor/middle class and intelligent.
I generally don't seek funding for my apps. I instead just build them with a monetization path attached.
What I would aim to do is to boost a crypto community coin with adoption. My monetization would be to sell the ownership I have of the coin when the dapp is in use.
I don't know if it's legal according to the SEC. I would love some clarity.
That's a cool point. I wonder what can be done to bypass such a restriction?
Maybe if you had a contract like WETH that wrapped accredited-only tokens in a proxy token.
My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course.
Maybe plug it into zrx so the conversion is automatic for the end user.
Just another launch cost and I can avoid the SEC entirely.
Maybe or it could be that they don't have a data compliance officer, which is mandated by the GDPR.
Or it could be that they just don't know what the issues are and have no clue how to get compliant. IP addresses are protected data and make you a data controller if you have log files.
Both left and right news organizations seem to want to blast Zuckerberg. That makes me like him more, a nerdy comp sci guy who changed how everyone communicates has political ambitions? SHUT IT DOWN
Because they don't have the technical knowledge to ensure compliance with 88 pages of mandates, maybe?
If you violate GDPR you will be fined by the EU even if you do not exist in the EU.
Any solutions should come from first level engineering principles not lawyers and politicians.
I don't care if it's US prosecuting a kid for hacking, companies storing and losing information on people or a space shuttle exploding. The problem lies in the failure of software and the solution should be in software.
Computation has made everyone able to connect with each other with practically no barriers. AI will make connection with machines and people seamless. These are super powers.
There is absolutely no reason to be miserable at your day job. You should be preparing for superpowers if not actively using them.
I recommend watching lectures/talks during work, skipping meetings and reading from thought leaders instead of working hard to reach deadlines. Everyone is connected which means you can read and watch what Ian Goodfellow has to say about unsupervised learning or see what the issues with the world computer are from Vitalik himself as easily as listening to your marketing department figure out how to grow 10% in the quarter.
I'm not in the EU but must comply to their regulation.
The internet at it's base abstraction is a borderless medium without regard to locality. Imposing legislation by user region is a dangerous precedent as each region can now impose fee-seeking legislation on internet companies.
Completely agree in general. It's a probability thing, given enough traffic all possible events happen.
That said I do not understand how these mandates protect anyone.
The bad actors are still going to be bad and lie about it, the honest actors just got burdened with some of the worst legislation in recent history without it even coming from our elected officials.
It's dangerous and I don't care for having to backtrack through years worth of projects in use and figure out how they can each be GDPR compliant. It's a tax on creators time and is imo one of the worst possible things legislators can do to an emerging space (as all software is).