Acer rubrum: Syren Johnstone, Stanford Law CodeX, 8/1/21 ~ And Stanford Mine Pi cryptocurrency questions

CodeX Stanford

@CodeXStanford Sep 1

Join us 9/2 for our CodeX group meeting @ 1:30PST, via Zoom. Subscribe for access. Guests: Syren Johnstone, Executive Director, LLM (Compliance & Regulation) Programme, University of Hong Kong. @JohnTredennick, CEO/Founder, Merlin Search Technologies.

Join us 9/2 for our CodeX group meeting @ 1:30PST, via Zoom. Subscribe for access. Guests: Syren Johnstone, Executive Director, LLM (Compliance & Regulation) Programme, University of Hong Kong. @JohnTredennick, CEO/Founder, Merlin Search Technologies.https://t.co/L3ssyk0l8a
— CodeX Stanford (@CodeXStanford) September 1, 2021

https://twitter.com/CodeXStanford/status/1433160466818240512?s=20

Dear Roland, and Syren,

Bravo, collaborators! And hearty congratulations on the publication of your new book - https://www.e-elgar.com/shop/usd/rethinking-the-regulation-of-cryptoassets-9781800886780.html - this month, September 2021, Syren. Would you like to open a conversation with Hester Peirce, SEC commissioner as well, if you haven't already? Her email address is here - https://twitter.com/HesterPeirce (if you haven't already), from Hong Kong. She's working on the cryptocurrency space, and she's been on the MIT OCW-centric wiki World Univ & Sch emailings for some time now, which is a project I'm developing, potentially in collaboration with Stanford Law - and to create ~200 online law schools in all ~200 countries (per Olympics), as part of major online Universities, and wiki schools for open teaching and learning, planned in all 7,139 known living languages. Brainstorming- and collaboration-wwise, check out the UBI label - https://worlduniversityandschool.blogspot.com/search/label/UBI and https://scott-macleod.blogspot.com/search/label/UBI - and regarding WUaS planning to code for all 7.8 billion people on the planet, each a Wikidata Pin #.

While I think I'd have to see you multifaceted talk again to make further germane inquiries, how would you as a hypothetical European (eg European Central Bank) regulator regulate "Stanford Mine Pi" (taking into consideration the scaling developments at the MIT Digital Currency Initiative whose Director is Neha Narula - https://twitter.com/neha - and in communication with the Boston Federal Reserve)?

My questions are below again (and I can't copy and paste your replies - thank you - due to Zoom settings, to be able to respond better).

Brainstorming-wise, further, how best in terms of CCTech could "Stanford Mine Pi" work with Stanford Law, and Wiki World Univ & Sch, with plans to code for all 7.8 billion people on the planet - https://wiki.worlduniversityandschool.org/wiki/You_at_World_University (conceptually here) - to further develop a single cryptocurrency regulated or accepted by most of ~200 countries' central banks, and distributed via UBI experiments to end poverty worldwide to all 7.8 billion people on the planet, with time. Thank you.

Sincerely,

Scott

I teach a course on "Society, Information Technology, and the Global University ~" - http://worlduniversityandschool.org/InfoTechNetworkSocGlobalUniv.html - and think a Castellian network society in the information age - http://globetrotter.berkeley.edu/people/Castells/castells-con0.html - would further contextualize your thinking, but also think that Stanford is an amazing university for you to already be collaborating with in a sense. Thank you, Syren.

Thanks and Fascinating, Syren, in your technological determinism thesis,
why not 'distributed' rather than ‘decentralization’ (re your Determined by Architecture arguments) ? The SEC and the other 200 countries’ central banks might have more challenges ‘regulating’ the distributed internet rather than decentralization (one def - transfer (authority) from central to local government), leading to new DBA … and in all 200 countries, including USA and Hong Kong? (Will email you further about collaborating, and even brainstorming-wise re Stanford Mine Pi cryptocurrency to all 7.8 billion people on planet to end poverty, each a Wikidata Q-item #). Thanks, Scott (sgkmacleod@worlduniversityandschool.org).

Thanks so much, Syren, further. Replying to 2nd point to Thabo -What are these enabling concepts for you (in your timely book)? The building out of cryptocurrencies - so possibly CCtech, programmers and platforms (and related organizations), or new developments in distributed Database Architecture, or ... and which could be also "Stanford Mine Pi" for 7.8 billion people for example? (More in email). Thanks and brilliant, Syren, for defining the regulation conversation! Best, Scott

Syren in direct messaging "cryptography, consensus mechanism, decentralization"

Scott

My notes -

Markets in crypto assets

SEC is focusing on - financial stability and monetary payout? systems

why this is the wrong path

rather than using blockchain, he uses terms -

cryptographic consensus technology

standard narrative

wild wild west of ICO

which is tamed by standard narrative

familiar capital raising structure

retain divisions betw capital manager etc

Determined by Architecture DBA

Cryptograpnic design

Decentralization

Consensus

Is the internet decentralized or distributed?
The best example of a vast, distributed system is the internet itself. The distributed system enables users to share ownership of the data. Hardware and software resources are also allocated between users, which in some cases may improve the performance of the system

https://berty.tech/blog/decentralized-distributed-centralized

[codex_group_meetings] TODAY! CodeX Mtg (9/2 @1.30p PT): Financial Regulation & Crypto; Merlin Search Technologies (via Zoom)

External

Inbox

Roland Vogl

Thu, Sep 2, 9:15 AM (1 day ago)

to codex_group_meetings

Hi Everyone,

Our next CodeX group meeting is today (Sept 2), from 1:30p to 2:30p PT, via Zoom - *please note new meeting access info below.* Our meetings continue to be held remotely.

Our guests will be:

Syren Johnstone, Executive Director, LLM (Compliance & Regulation) Programme, The University of Hong Kong. Our guest discusses his research, which questions application of a financial regulation narrative to crypto assets, and its underlying assumptions and effect on the evolution of a polymorphic ecosystem, proposing a new framework.

John Tredennick, CEO and Founder, Merlin Search Technologies. Merlin Search Technologies is a cloud technology company, developing AI-powered software for search, analytics and review. Its product, Sherlock, aims to introduce new technology that fetches relevant documents faster, more easily, and at lower cost than traditional keyword search.

See you then!

Roland

======================================================

Meeting ID: 964 0118 1927

Password: 873326

Join from PC, Mac, Linux, iOS or Android: https://stanford.zoom.us/j/96401181927?pwd=dzAzdXBZVTF0U0VDVmZuZnE5VldnQT09

[codex_group_meetings] TODAY! CodeX Mtg (9/2 @1.30p PT): Financial Regulation & Crypto; Merlin Search Technologies (via Zoom)

External

Inbox

Roland Vogl

Thu, Sep 2, 9:15 AM (1 day ago)

to codex_group_meetings

Hi Everyone,

Our next CodeX group meeting is today (Sept 2), from 1:30p to 2:30p PT, via Zoom - *please note new meeting access info below.* Our meetings continue to be held remotely.

Our guests will be:

Syren Johnstone, Executive Director, LLM (Compliance & Regulation) Programme, The University of Hong Kong. Our guest discusses his research, which questions application of a financial regulation narrative to crypto assets, and its underlying assumptions and effect on the evolution of a polymorphic ecosystem, proposing a new framework.

John Tredennick, CEO and Founder, Merlin Search Technologies. Merlin Search Technologies is a cloud technology company, developing AI-powered software for search, analytics and review. Its product, Sherlock, aims to introduce new technology that fetches relevant documents faster, more easily, and at lower cost than traditional keyword search.

See you then!

Roland

======================================================

Meeting ID: 964 0118 1927

Password: 873326

Join from PC, Mac, Linux, iOS or Android: https://stanford.zoom.us/j/96401181927?pwd=dzAzdXBZVTF0U0VDVmZuZnE5VldnQT09

* *

syren johnstone

Sep 2, 2021, 11:44 PM (11 hours ago)

to me, Roland

hi scott

thanks and thanks also for the further info on what you’re involved in.

re hester peirce, i will indeed be sending her a copy of the book once published, though for the changes that are needed one needs to look outside of the financial regulators - as i mentioned in my talk, they are bound by their statutory origins and design so can only do/think so much.

its hard for anyone to give a concrete answer on the Pi network re whether it might fall under securities laws. as you will know, US law uses a facts and circumstances test that is often conducted on an ex post basis. labels like “social cryptocurrency” don't really mean to much in this context but if Pi is so decentralized nobody remains in charge (like bitcoin) then that should take it out of US securities laws. in the EU, while MiCa (still working its way through parliament) seeks to provide some certainty via a taxonomy of cryptoassets, the robustness of its taxonomy is one of its acknowledged weak points. however, while i;m not all that familiar with Pi it could alternatively fall within EU's electronic money directive.

re the marketing around Pi i’d be a little concerned about the language being used about “getting in on the ground floor” and the potential pyramid elements built in to the element of how to get more mining power. presumably the founders have had this all legally reviewed, but then so too did ripple inc.!

and this really gets to the point: what someone may come up with tmr as a new idea is going to be put/squeezed/pushed into some silo that works within the construct of the regulators, but doesn't necessarily work for the community … either to properly protect consumers or to facilitate industry development for the benefit of consumers/society. there’s no sensible guardrails in place. hence why i am exploring for new tools to use in the cryptoasset context!

regards

syren

- Scott GK MacLeod

Founder, President, CEO & Professor

World Univ & Sch (WUaS) - PO Box 442, Canyon, CA 94516

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