3dfan
Joined 11 years ago
Joined 11 years ago
If a user sends some ETH to an adress and on some Bitcoin address a balance shows up - how would the SEC want to regulate that?
Let alone exchanges that are just a contract on Ethereum and only exchange tokens on the Etherum blockchain. What is the SEC going to do about those?
And what would happen if some country in the world tokenizes their property. Say a certain token on the Ethereum blockchain means ownership in a company in Sweden. What if a US citizen buys such a token by sending ETH to a smart contract?
So many questions.
Shouldn't these have been kinda answered already in regards to international exchanges? What if a US citizen buys stock on the Euronext Paris, the French stock exchange? Would the Euronext Paris have to be registered with the SEC? What if they are not? Are they committing a crime in the eyes of the SEC?
How can your customers be sure you do not inject any faulty or malicious stuff into their apps?
Anybody will be able to let their computer listen to one Metallica record and say "Do you hear this? This is called heavy metal. Can you make an album like this? With distorted guitars, a screaming singer and heavy drums?" and the AI will understand the whole concept and make a new heavy metal album.
Second, good luck, figuring out what you have "a contract, permission or a lawful task" for under the specific circumstances of your site.
Third, good luck, making and understanding an "agreement that binds them" with every provider of every piece of infrastrcuture you use. Good luck doing that for even a single piece of infrastructure.
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELE...
Which nobody understands.
Which, depending on how you read it, might make participating on the internet practically impossible. An IP is considered personal data, so in theory you cannot use foreign infrastructure like a CDN.
Which certainly makes the internet as we know it impossoble. An internet where everybody builds tools on their site that everybody else can embed on their site. Because that would mean IPs flowing around between sites.
Which gives a huge disadvantage to Euroeans. Because Europreans have to show cookie banners and stuff to everybody around the world. While the rest of the world has to only show them to Europeans. Look at your favorite website through a proxy inside/outside the EU. It starts with an annoying popup only in the EU.
Which cements the stronghold of Google and Co, who 1) only have to bug their European users and 2) have the legal resources to cope with this insanity. Startups and indiemakers don't. So there will be even less of them in the EU. And the ones who exist will have to waste their time on this instead of building their products.
1: Start out lean and simple. Often replacing an old complex one
2: Become more complex over time
3: Be replaced by a new lean and simple one
The reason I mostly use Gnovies is that I often watch together with my girlfriend. So we each put one movie into Gnovies "enter 3 movies you like" form and after some experimentation we usually find a new one we both enjoy.