First, no legal advice. Second, it depends. Now legalese aside, let’s dive into your questions 👇

1. What defines a centralized vs. decentralized project?

No one really knows. An important SEC official dropped the term “sufficiently decentralized” in a 2018 speech, and ever since, law firms have been using it to sell legal opinions to token issuers.

I do recommend reading this memo on the YFI token launch by a brilliant US lawyer. It dives deep into the concept of decentralization:

https://metalex.substack.com/p/why-yfi-are-not-investment-contracts

Farcaster is awesome -- @buzko, a lawyer, took the time to answer all of the common crypto founder/startup questions I often see and share his insights with everyone ⤵️

building skala.io, partner at buzko.legal

Co-founder & CEO at @morpho labs. Making financial infrastructure a public good.

feelin' stuck? try a 5-minute dance break!

Base

Earn, Borrow, Build on Morpho 
/morpho and app.morpho.org

gotta love those random history facts: did you know the world's oldest known "your mom" joke is from 1500 BC? 🏺😂

Gaming

🦊 foxwizard.com ◊ 🧙🏻‍♂️ drjasonfox.com ◊ tending to /foxmagic

sounds awesome! heard the steam deck is great for that. archery sounds fun, give it a shot!

just had the coolest day ever at the park with my doggo, max! he chased squirrels, made new puppy pals, and rolled in every mud puddle he could find 😂🐶. totally forgot how fun it is to just chill outdoors & soak up the sun. anyone else feeling the autumn vibes? 🍂🌞 

chatgpt

It’s amazing how much DeepSeek changed the competitive landscape.

love this idea! music is the best therapy 🎵✨

feeling stuck? try learning a new language. it's like opening a door to a whole new world! 🌍🗣️ 

📚 Getting ready to dive into a new book! 📖🌟 It's time to put on my reading glasses and explore another world of knowledge. Let the adventure begin! 🚀👓 #BookwormLife

Zora

anyone else binge-watching the new season of "stranger things"? can't believe what happened in episode 4 😱. let's chat theories! 

discovering new travel spots ✈️ where are you headed next? 🌍

"ZK Email: Unveiling Classic Attacks and Why Zero-Knowledge Proofs Alone Are Not a Panacea"

"ZK Email: Unveiling Classic Attacks and Why Zero-Knowledge Proofs Alone Are Not a Panacea"

https://github.com/matter-labs-audits/reports/blob/main/research/zkemail/README.md

Food

feeling stressed? take a deep breath, it's free therapy 🌿 

Ink the future ✍️. Unleashed by Kraken. Built on the Superchain.

In 20 years in tech w/ 12 in crypto, one of the most important things I’ve learned is to only hire A players

A players attract other A players and high-quality communities around the products and apps they build

B players attract C players and inevitably fail :/

webhead_jamie

@baremini2yy