DeFi needs regulation not defensively, so entrepreneurs can do what they want without going to jail, but constructively , so entrepreneurs can do things that, without regulation, they simply could not do. Modern monetary systems, in which the obligations of thousands of banks all trade at par and settle obligations with customers of any other bank, represent an extraordinary technological achievement crafted primarily from the stuff of regulation. Airplanes would fly in libertopia, but civil aviation, the technology that keeps a city of humans in the air 24 hours a day and lets us travel anywhere, could not exist if regulations had not evolved along with fuselage materials. Regulation is an integral part of applied technology. Tech types often think of regulation as a mere inhibition or friction, a thing that gets in the way of innovation.
We believe that Inery and Metavest can extensively help each other reach both companies’ goals " said Inery CEO and co-founder Dr. " Inery is very selective when it comes to new partnerships and collaborations. We aim to become a pillar of Web3, which is why when Metavest showed interest in our project, we were more than happy to partner with a Metaverse and NFT-focused platform.
In the end, I think crypto will be one of many examples of what I’ll call a "gray technology". A gray technology starts out, often self-consciously, as a revolution and an underdog, an antagonist to an existing industry and regulatory regime. However, the result is not overthrow or irrelevance of the regulatory state, but a process of conflict and negotiation between the upstarts, incumbents organized around the status quo regime, and regulators. Via some combination of stealth, pretension of technological ungovernability, and aggressive self-righteousness, early proponents launch projects that demonstrate the value of practices that the existing regulatory regime would discourage or forbid. Eventually a new equilibrium emerges that either embraces some of the once discouraged practices, or enables alternative means of producing the newly demonstrated value without the troublesome practices.
Some of these casinos are even better than their land-based counterparts, crypto and they offer live support. While a casino in your home state will not be regulated by the authorities, it will be easier to find a website that offers great games that are regulated by other jurisdictions. For example, if you’re looking for a live casino online, look for one that has a live chat option. Some states regulate Internet gambling, but this doesn’t affect your choice of casino online.
Whether that would be dystopian or socially valuable competition for (dumb, corrupt, predatory) financial incumbents would, well, depend very much on how these practices come to be regulated. If that were to happen, then with the help of valuation or appraisal "oracles", home mortgages could be financed in the same way that people’s speculalative crypto positions currently are, via automated collateralized lending platforms like Aave, Compound, or dYdX. More fundamentally, regulation is not just a threat to DeFi, it is also the key missing element if the fascinating tools and cryptocurrency practices of the industry are to ever finance real-world goods, services, and businesses. But it is only with regulation, and the concomitant ability to have "on-chain" outcomes enforced "off-chain" by the legal system, that DeFi can escape its current predicament as a sophisticated panoply of financial techniques financing nothing but an incorporeal casino. The NFT that now represents a kind of postmodern nonclaim on a digital collectible could as easily represent an ownership claim on a home.
This environment offers improved c. CORE TECHNOLOGY This week, the node, ledger, and consensus teams worked on node improvements and released node v.1.35.3-rc1 to support Vasil testing. A new dedicated pre-production environment has been spun up for bitcoin
the final stages of Vasil functionality testing. The new node version can be now tested in the Vasil devnet.
Inery is a proprietary layer-1 blockchain and decentralized data management solution. It integrates blockchain functionalities and distributed database properties to create a paradigm shift in data access, storage, and management. The network enables a decentralized, secure, and trusted foundation for database management by leveraging blockchain technology.
XRP are traded on cryptocurrency
exchanges such as Binance and Poloniex. Usually, it isn’t possible to buy them with existing government-issued (fiat) currencies – you will have to buy Bitcoin
or Ethereum first, then transfer them to an exchange to trade them for XRP.
Inery is a decentralized data management system bringing DB to Web3. It provides low-cost, reduced latency, secure, and tamper-resistant solutions for data management. The data management system aims to ensure users, including gamers and businesses, retain control of their data in the metaverse via owner-controlled data assets.