PopularUsername

joined 1 year ago
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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. in c/technology@lemmy.world
[–] PopularUsername@lemmy.world 0 points 1 year ago (1 children)

Apparently, smart contracts are not contracts at all... they are friendly suggestions. Unsurprisingly a contract needs a mechanism to enforce it, which makes decentralized contracts redundant at best (as you still need institutions outside of the blockchain to monitor and enforce the contracts), and or worse, completely useless if there is no legal way to enforce them.

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SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing - "we believe every asset other than bitcoin is a security" (www.coindesk.com)
 

“They came back to us, and they said . . . we believe every asset other than bitcoin is a security,” Armstrong said according to the FT. “And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than bitcoin.”

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Is that a mouse? Or a lemming? (lemmy.world)
 

I just keep seeing this mouse everywhere, but it would make sense if it was a lemming. It's a lemming, right? Where does the name Lemmy come from anyways?