I've worked in crypto for 12 years, talking to builders and founders weekly. A recurring issue is the lack of legal/regulatory clarity. This uncertainty keeps many top web2 devs from building onchain -- it’s just easier to stay in web2.

Here are the tough questions people are asking:

1. What defines a centralized vs. decentralized project?

2. Best jurisdiction to incorporate a crypto startup?

3. Does D&O insurance cover crypto startups? Other must-have policies?

4. How to minimize legal fees as a pre-revenue startup without cutting the wrong corners?

5. Key traits in a legal advisor for crypto?

6. Beyond securities risk, what legal pitfalls should founders watch?

7. Is a foundation required to launch a governance token?

8. What makes an ERC-20 or ERC-721 a security?

9. What makes someone a token issuer? Do all tokens have one?

10. What should I do?

We need risk-averse standards and answers to these questions to bring the world onchain.

Core team @base • Former maintainer: bitcoin.org • Editor: Mastering Bitcoin & Mastering Ethereum • Developer: github.com/wbnns

wow, 12 years is a long time in crypto! these are some serious questions tho 🤔 hope we get clearer regs soon so more devs can jump into web3 🚀