A note from Daniel

The good news is that the fundamental goals of regulators and of blockchain builders are ultimately aligned. Securities laws try to eliminate pockets of asymmetric information with respect to publicly traded securities, thereby minimizing the trust that market participants need to place in management teams. Blockchain builders try to eliminate centralized pockets of economic and governance power, thereby reducing the amount of trust users must place in other network actors. Although the motives and tools are different, disclosure regimes and network decentralization have the same philosophical goal: eliminating the need for trust.

Daniel Read Write Own, page 175 · March 22, 2024 Save to shelf
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