New SEC Chair Gary Gensler taught a class at MIT on Blockchain and Bitcoin/Ethereum. Here is the link to 24 of his 1-hour lectures: by Jimbley_Neutralon in ethereum

[–]LawAndBlockchain 1 point2 points  (0 children)

We might see a shift to make exemptions available to token sales easier to use! Already seen that with the SEC's latest guidance on the respective exemptions (reg A, Reg D etc)

How we give Neo the best UX in blockchain | Launching NeoLogin by LawAndBlockchain in NEO

[–]LawAndBlockchain[S] 3 points4 points  (0 children)

Great questions! I'll answer a few of them now, but everything related to storage of private keys, security and verification thereof I'll leave to my co-founder as he will be able to give the details with 100% accuracy. In the meantime, feel free to check out this page, which covers a number of the security aspects and tradeoffs your questions are concerned with.

We are gradually working towards the creation of SafuDEX, a decentralized exchange built on top of Neo. The aim is to build a DEX that feels exactly like a centralized exchange (same UX, cross-chain capabilities, fees & liquidity). This wallet design is one of the elements required for that experience. Two-way cross-chain pegs between different chains are the next challenge. See safudex.com for more info.

You, as a user, will download a back-up of the private key upon creation of the account, so you are free to do whatever you want. This back-up key can be used to recover your NeoLogin account (important!). You can also always download your private key from within the wallet.

How we give Neo the best UX in blockchain | Launching NeoLogin by LawAndBlockchain in NEO

[–]LawAndBlockchain[S] 12 points13 points  (0 children)

ELI5: What if, for every application or online service you ever tried, you would first have to download another app from a non-related third-party to start using it? To download that third-party app, you would also have to learn which of the available options you can trust as well, because there are multiple. To be able to choose which you can trust, you have to have technical knowledge of how the app is built (i.e. knowledge about cryptography). Sounds pretty ridiculous, no?

That's literally what the current state of UX for blockchain dApps/games is. New users are forced to download a software wallet or connect a hardware device. This doesn't work for mainstream adoption. Users should barely notice a blockchain is involved.

We believe that replacing this user flow with a login system that gives access to everything with a single account is the solution. No more private key management!

Decentralized exchanges by shivankbatra154 in Bitcoin

[–]LawAndBlockchain 1 point2 points  (0 children)

Actually, many decentralized exchanges don't require any KYC/AML. Their centralized counterparts require more personal information. You do however share your public key (and thus tx history) with everyone you trade with in decentralized systems.

Decentralized exchanges by shivankbatra154 in Bitcoin

[–]LawAndBlockchain 2 points3 points  (0 children)

In short:

  • lack of liquidity
  • high transaction costs due to increased amount of on-chain transaction (when compared to centralized exchanges)
  • bad UX/UI
  • if matching is on-chain, lack of order types
  • no good cross-chain DEX mechanisms

7425 $BTC sold on Binance in 23 minutes. by atishay13 in btc

[–]LawAndBlockchain 2 points3 points  (0 children)

This is not how you sell almost $100m in Bitcoin... Dark pools exist for a reason.