permissionless NFT sale is illegal and criminal because it cannot be KYC’d,
Correct. The technology must be changed or you accept that you're evading the law.
Blockchain advocates have long claimed that blockchain would destroy the state. They never seem to have thought about what the state might do in response to threats to its power.
What you are suggesting is the criminalization of using Ethereum unless it is through a permissioned company. This would be a laughably draconian legal landscape. China and Russia’s bans on crypto is not something to look up to.
Comments
Correct. The technology must be changed or you accept that you're evading the law.
Blockchain advocates have long claimed that blockchain would destroy the state. They never seem to have thought about what the state might do in response to threats to its power.
What you are suggesting is the criminalization of using Ethereum unless it is through a permissioned company. This would be a laughably draconian legal landscape. China and Russia’s bans on crypto is not something to look up to.
What he’s describing is the actual regulatory environment in the EU.