Researcher Vlad Zamfir: Ethereum's compliance crisis is inevitable
Editor's Note: This article comes fromCrypto Valley Live (ID: cryptovalley)Editor's Note: This article comes from
Crypto Valley Live (ID: cryptovalley)
Crypto Valley Live (ID: cryptovalley)
, Author: Tim Copeland, translation: Xuxin Fan, reproduced by Odaily with authorization.
Behind him is Osaka Bay. He gave a speech in an open-air theater. The afterglow of the setting sun was reflected in the eyes of the audience, making the scene appear as if everyone had gathered to listen to a Greek orator discussing legal and political matters. But in fact, he is just trying to solve a complex proposition in the encryption world, namely: as a blockchain platform that causes chaos, is the decentralized revolution led by Ethereum legal?
He said: "From smart contracts to never-ending code, Ethereum is a compliant technology project. It may be controversial, but this basic fact is rarely discussed by the public and the industry."
In order to illustrate his position, he briefly summarized the historical background of the above remarks. "Ethereum was born out of a countercultural movement, a cyberpunk movement," Zamfir said. "Ethereum has gone further than BTC. This shows that our main purpose of doing this is not just for money, our vision is far greater than this."
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The meaning of smart contracts
He pointed to a feature of the Ethereum blockchain: the concept of smart contracts. When the contract conditions are met, the flow of funds can be automatically realized through the code. So far, we consider this to be legally binding. "Basically, a smart contract is a legal form that only people in the industry can understand. We can understand it as an alternative legal contract."
He said that with regard to this issue, we are now on the right track, and it depends on whether the government approves or not. He asked the audience: "How will our 'anti-legal revolution' (anti-legal revolution) conflict with the existing legal order?"
All of the above will affect the development of the blockchain industry. He added: “A developer who thinks he can be irresponsible for what he puts on chain and a cautious developer can coexist in this world, but they may behave completely differently.”
He claims that, so far, the general consensus is that blockchains are generally a form of “private law.” This kind of contract between two people based on technical elements is regarded as a private contract between different subjects, which is unique and important. There are many viewpoints of cypherpunk, but this path often contains risks. If blockchain creators continue to act against laws and governments, they will spark more controversy.
He said: “Ethereum’s current development path is not sustainable. There is such a cognitive error, as if we don’t need to change anything before blockchain technology can achieve mass adoption and achieve global revolutionary success.” He added: "Unless there is an accident, this is not going to happen. Something has to be let go. It doesn't matter whether we are included in the existing pattern, regulated or completely knocked out."
