Looks like a very wrong take.
26 Jan 2023, 10:03
Looks like a very wrong take. They propose to regulate DAOs who make profit from protocols, but true (decentralized, non-fake) DAOs are impossible to regulate like this!
As an example, Ethereum stakers might take fees from hackers - are you going to regulate them? 😱
(1/11) Today, we published Part 3 of the @a16zcrypto “Regulate Web3 Apps, Not Protocols” series to complete the foundation of our framework and to address a significant loophole: DAOs 🧵