Maria (@mariariivari) • Hey
Legal @Avara
Publications
- If you pay music subscription royalties, you are basically filling Taylor Swift's pockets, even if you're all about indie.
This is because you pay for what's popular, not what you love.
- It’s scrabble time what should I play?
- Hope your week is going well. Greetings from Javea!
- Say hello to Roosa
- Every woman deserves financial sovereignty. For the first time in history, women can be in control of their finances and data, bypassing the limitations of traditional systems.
Web3 restores autonomy, and women can experience enhanced privacy and security, safeguarding both your finances and personal data against unauthorized access.
Plus, enjoy borderless access to financial tools and the power to control your digital identity, no matter where you are in the world.
With blockchain, embrace a truly inclusive financial system that empowers economic independence and offers control over your personal data.
Discover the freedom enabled by blockchain technology and seize opportunities for growth, from financial investments to the secure ownership of digital assets.
Comment JOIN to start your SheFi journey, which will empower you to have true financial sovereignty and autonomy.
- When the first Ethereum transaction went through “Vitalik neatly clapped his hands together and said, “Yay!” 😄😄😄
- What happened with this app over night !! 😄😄now there’s a PIN TO PROFILE too. What is this Christmas
- Oh I haven’t noticed the hear bursts of joy when you click the like button 🥰 love it!
- Why is it so hard to wrap things up to go off for a holiday 🤣
every
Single
Time
Damnit
- How cute are these! 😍
- Sad having missed this ✨ next time maybe
- So what’s everyone planning to do this weekend?
- Good cause to make a collectible in and send 100% of the proceeds directly to ethevacuations.eth address !
- my bonsai don’t giggle giggle it folds
- If the past years in crypto have thought me anything, it’s that we should all be calling out excessive and irresponsible risk taking when we see it.
Because if and when it rugs, we all get screwed one way or another. Centralised or decentralised.
- From a reg perspective I really believe that the best thing would be to incentive the creation and running of front-ends so that we would have MORE safe, secure and user friendly front-ends for users instead of trying to ban them.
When did it get so backwards?
- Lorem Ipsum
- Do you think protocol user’s interest can be in a conflict with the interests of the community? How should such a conflict be resolved?
Let’s say the DAO makes a decision to migrate user assets from older version of the protocol to a newer one, or votes on changes to the assets that can be utilised on the protocol (that individual users might find unpopular)?
- Sweet. Go help @lens/maxbrych to design a community dashboard
- Such a lovely Easter weekend 🐣 Went by so quickly though
- Love creating
- new track release
“breath”
available to collect for $BONSAI
limited to 45 editions
- What an interesting lil rabbit whole I stumbled on this Sunday evening. **Sitra**, Finland’s innovation fund under the Parliament, has written a whole series of articles headlined **"How to build a sustainable world with Web 3.0?"**
Listen to this: "A decentralised internet may be fairer than the current one, which means that there is the scope to build a people-centred, fair data economy based on European values." !! 🇫🇮 🫡
(And they say the UK is innovation friendly???)
Here’s the deep dive into how Web 3.0 could build a better world: https://www.sitra.fi/en/publications/how-sustainable-a-world-will-web-3-0-build/
- Meow 🐈⬛
- Rate this culinary innovation, “Tartare sur chips de Pringles” (it’s French (sort of))
- Why it's in my opinion wrong to say DeFi is "peer to peer"
DeFi is a bit more like a transportation system. In a transportation system, passengers use roads, buses, trains, or subways to reach their destinations. While all are using the same infrastructure, there is no direct or legal relationship between one passenger and another; their interaction with the system and each other is mediated through the infrastructure itself—the roads, vehicles, and schedules. Passengers agree to the rules of the transportation system (buying tickets, following schedules, adhering to safety protocols) but do not enter into agreements directly with other passengers.
Similarly, in DeFi protocols, participants supply, borrow, provide liquidity, or take other actions according to the rules set by smart contracts. These smart contracts govern how transactions are executed, interest rates are determined, and collateral is managed. Participants interact with the protocol (the smart contracts and the blockchain network) rather than directly with each other. While participants are contributing to and benefiting from the shared infrastructure, they do not have to establish legal relationships with one another. Because of the autonomous smart contract technology, the way of shared interaction in DeFi is fundamentally different from using a platform intermediary that merely facilitates the peer-to-peer activity occurring on the platform.
This is why I use the term "peer-to-protocol" to explain that the relationships of the participants are with the protocol itself, rather than other participants sharing the same network.
- Impeccable. Love everything about this
- If you’re in London DO NOT miss out on getting some good Scotch eggs
- Borrowed this book from our office. Has anyone read it?
- Where is $sauna token?
- Collecting works that I really love feels sooooo good
- Today’s after sauna snack 🐣
- Shoutout to everyone who pulled an all-dayer today. Not easy making it through the day without taking a nap.
- The court concluded that Coinbase's Wallet application does not qualify as a broker. 🎉
The court confirmed that self-custody wallets don't perform the specific functions of a financial intermediary or agent who handles transactions of securities (like stocks or bonds) for clients. This designation affects how the service is regulated and what rules it must follow, with brokers facing stricter regulations and oversight compared to services that do not qualify as brokers.
👩⚖️ What were the factors that mattered to the court?
➡️ Private Key Control
The court emphasized that a key aspect of crypto wallets, including Coinbase Wallet, is their self-custodial nature. This indicates personal control, not brokerage.
➡️ Separation from Coinbase Platform
Coinbase Wallet operates as a separate entity from the custodial Coinbase Platform, offering a distinct application for device installation.
➡️ Third-party Platform Interactions
Even if the application facilitates access to DEXs it does not engage in the type of activities traditionally performed by brokers, such as negotiating transaction terms or making investment recommendations.
➡️ Legal Definition and Factors for Brokers
The court analyzed the definition of a broker under the Exchange Act. The court found that the SEC's allegations did not convincingly implicate many of these factors with respect to Coinbase Wallet. For instance, there was no evidence that Coinbase Wallet negotiates transactions, holds customer funds, processes trade documentation, or provides investment advice.
➡️ Charging Commission or Markering Was Not Brokerage Activities
The other allegations such as charging a commission for using Wallet's services or soliciting users to use Wallet, were deemed insufficient to establish that Coinbase engaged in brokerage activities.
In conclusion, the court highlighted that the actual practices of Coinbase with Wallet did not involve exercising discretion over trades or providing key trading functions on behalf of users.
https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.105.0.pdf
- Enterprise Ethereum Alliance published a draft of DeFi Risk assessment guidelines. This is the most holistic overview of DeFi risks I’ve ever seen written. Wicked interesting.
https://entethalliance.org/specs/drafts/defi-risks/20231116/
- Yes please more innovative experiences and experimentation, bravo @lens/2irl4u
- 𝚂𝙴𝙴𝙳 𝚒𝚜 𝚊 𝚌𝚘𝚕𝚕𝚎𝚌𝚝𝚒𝚘𝚗 𝚒𝚗 𝚠𝚑𝚒𝚌𝚑 𝚎𝚊𝚌𝚑 𝚙𝚒𝚎𝚌𝚎 𝚙𝚛𝚎𝚜𝚎𝚗𝚝𝚜 𝚊 𝚐𝚎𝚗𝚎𝚛𝚊𝚝𝚒𝚟𝚎 𝚟𝚒𝚜𝚞𝚊𝚕 𝚖𝚎𝚝𝚊𝚙𝚑𝚘𝚛 𝚏𝚘𝚛 𝟷 𝚘𝚏 𝟷𝟻𝟻 𝚜𝚎𝚎𝚍 𝚙𝚑𝚛𝚊𝚜𝚎𝚜 𝚒 𝚍𝚛𝚊𝚒𝚗𝚎𝚍, 𝚠𝚒𝚝𝚑 𝚎𝚡𝚙𝚕𝚒𝚌𝚒𝚝 𝚌𝚘𝚗𝚜𝚎𝚗𝚝 𝚏𝚛𝚘𝚖 𝚝𝚑𝚎 𝚏𝚘𝚛𝚖𝚎𝚛 𝚘𝚠𝚗𝚎𝚛, 𝚊𝚜 𝚊 𝚠𝚘𝚛𝚔 𝚘𝚏 𝚍𝚒𝚐𝚒𝚝𝚊𝚕 𝚙𝚎𝚛𝚏𝚘𝚛𝚖𝚊𝚗𝚌𝚎.
𝚒𝚝 𝚍𝚎𝚕𝚟𝚎𝚜 𝚒𝚗𝚝𝚘 𝚝𝚑𝚎 𝚟𝚒𝚜𝚞𝚊𝚕 𝚙𝚘𝚎𝚝𝚒𝚌𝚜 𝚘𝚏 𝚝𝚛𝚊𝚗𝚜𝚏𝚘𝚛𝚖𝚒𝚗𝚐 𝚊𝚋𝚜𝚝𝚛𝚊𝚌𝚝 𝚍𝚒𝚐𝚒𝚝𝚊𝚕 𝚒𝚍𝚎𝚗𝚝𝚒𝚝𝚒𝚎𝚜 - 𝚎𝚖𝚋𝚘𝚍𝚒𝚎𝚍 𝚒𝚗 𝚜𝚎𝚎𝚍 𝚙𝚑𝚛𝚊𝚜𝚎𝚜 - 𝚒𝚗𝚝𝚘 𝚌𝚘𝚗𝚌𝚎𝚙𝚝𝚞𝚊𝚕 𝚊𝚛𝚝, 𝚎𝚡𝚙𝚕𝚘𝚛𝚒𝚗𝚐 𝚝𝚑𝚎 𝚗𝚞𝚊𝚗𝚌𝚎𝚍 𝚒𝚗𝚝𝚎𝚛𝚙𝚕𝚊𝚢 𝚋𝚎𝚝𝚠𝚎𝚎𝚗 𝚟𝚒𝚜𝚒𝚋𝚒𝚕𝚒𝚝𝚢 𝚊𝚗𝚍 𝚎𝚗𝚌𝚛𝚢𝚙𝚝𝚒𝚘𝚗, 𝚙𝚛𝚎𝚜𝚎𝚗𝚌𝚎 𝚊𝚗𝚍 𝚊𝚋𝚜𝚎𝚗𝚌𝚎.
<ᴄᴏʟʟᴇᴄᴛᴀʙʟᴇ ᴡɪᴛʜ 99 ᴍɪɴᴛ ʟɪᴍɪᴛ>
- Do I spy with my little eye correctly that @lens/heikki from Sitra fund is back in Lens 👀
- Hey @lens/daoleno can you add a function to Lenscan.io to search with Profile #?
- Until I met my friend Gippy (aka ChatGPT) I had never heard anyone use the word “pertinent” as often as I do now.
- Great article about how tech makes hiring worse https://rachdele.substack.com/p/is-the-job-market-dying
- Went to see the new Banksy. The neighbour at the window next to it said they had made it around 4am and that he had slept through it.
- Whenever people go like “oh but retail will never come to web3 unless everything is perfectly easy and the blockchain component is perfectly abstracted away” —
I think we’re not giving enough credit that we’ve already taught hundreds of millions of people to use computers in the early days of old school computer UX in the first place.
UX matters but people will come for the primitives.
- This is the craziest thing I’ve heard in a while ! I have so many questions
- With AI the trick isn’t to make it create stuff, it’s to use it create your own stuff that still feels uniquely yours
- When WhatsApp was created, they used an open-source queue processor package which processed all their billions of messages; they used it as it came and just set up the config for it to work (as it was built for). They didn’t recreate the wheel; they didn’t spend months/years building something already solved; they used something already open for all, which ticked all their needs; this part of the system is fundamentally the core part. They then sold the company for 19B with 35 engineers and 55 employees. 💡
- When WhatsApp was created, they used an open-source queue processor package which processed all their billions of messages; they used it as it came and just set up the config for it to work (as it was built for). They didn’t recreate the wheel; they didn’t spend months/years building something already solved; they used something already open for all, which ticked all their needs; this part of the system is fundamentally the core part. They then sold the company for 19B with 35 engineers and 55 employees. 💡
- If Kate walks, the monarchy is over.
- Met so many great people today at the Lens meetup in London!! 💕
- Thank you all for coming to thr Lens meetup 🌱