Regulatory & Tax

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Mixed Reality
When someone says "the metaverse," what do they mean? At the moment, the observable metaverse is a continuum that spans experiences from virtual reality (VR) through mixed reality (MR) to augmented reality (AR). The experiences are different, but some of the most successful metaverse projects share many common creative and technological attributes. What are they? To help figure it out, we've been developing a framework we call the Standard Model of the Metaverse. Continue Reading →

Understanding “The Merge”

Ethereum
The most significant event in the short history of Web3 will most likely occur on September 15, 2022. That’s when Ethereum, the largest smart contract blockchain (with the second largest cryptocurrency by market cap), is now scheduled to enact an existential operational change. If it fails, “The Merge,” as it is colloquially called, is almost sure to take the crypto markets down with it. But even if The Merge is 100 percent successful, it will come with profound implications regarding censorship, regulation, and the future of money. Continue Reading →
Russia is advancing its crypto strategy to circumvent Western sanctions. Unable to access dollars or euros, the country may turn to stablecoins to make payments with "friendly countries," according to Russian state news agency Tass. Continue Reading →

Common Sense vs. Censorship

Each of these stories raises questions we all think we know the answers to. Where is the line between common sense and censorship? What lengths should the government go to to protect human lives? When is it appropriate for a platform or telecom carrier to block access to its network? Continue Reading →
United Mine Workers
On a Labor Day weekend a few years ago, I had a crazy idea that labor law might be an alternative path to meaningful data privacy regulation. Now, with several organizations working on blockchain-based, SSI (Self-sovereign identity), what was a real stretch of the imagination is inching closer to practical application. Think about this… There Continue Reading →

Web3 and Greater Fools

Greater Fool
As we enter another crypto winter, it has become de rigueur for tech types to go on record espousing that Web3 is nonsense, that blockchain is a terrible technology, and that cryptocurrencies (all of them) are Ponzi schemes. There is seemingly no end to the tweets and blog posts from highly credentialed people about tulips and "The Emperor's New Clothes" and greater fool theory. It's as if the technocrats want to make sure that they know that you know that they know that all things Web3 are technologically inferior to all things Web2. Are they right? Continue Reading →

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