Miles Jennings

@milesjennings

144 Following

1971 Followers

a16zcrypto pfp

"Decentralization must be incentivized, not ignored. So I argue in this piece that we must start with a better definition of decentralization — one that moves us beyond the ambiguities that have caused unintended consequences, and that could simplify things for both policymakers and builders." – @milesjennings Full post: https://a16zcrypto.com/posts/article/defining-decentralization-control/

0 reply

1 recast

12 reactions

Miles Jennings pfp

The SEC’s decentralization framework has been corrupted and used to persecute builders —incentivizing rug pulls over value creation. It’s time to fix it. Decentralization should mean the absence of control, not the suppression of ongoing efforts. Here’s how and why👇 https://a16zcrypto.com/posts/article/defining-decentralization-control/

0 reply

4 recasts

23 reactions

Miles Jennings pfp

We can be unburdened by what has been.

0 reply

0 recast

0 reaction

Miles Jennings pfp

Working with Brian over the last 3 years has been a highlight of my career. Among his many qualities, the strength of his integrity and his courage to lead are critical for the road ahead. The US, the administration and our industry will benefit greatly from his stewardship.

0 reply

13 recasts

66 reactions

a16zcrypto pfp

Making the U.S. the crypto capital: What it would take To foster the conversation between government officials and blockchain experts, we’ve gathered 11 views from industry experts on issues ranging from taxes and the freedom to stake, to broader issues like encouraging decentralization and reforming the U.S. regulatory regime. These views offer policymakers important considerations for how to approach crypto regulation, ensuring that the U.S. leads this critical shift toward the next generation of the internet. Read them here: https://a16zcrypto.com/posts/article/us-crypto-capital-policy/

0 reply

4 recasts

22 reactions

a16zcrypto pfp

Why decentralization matters, and needs incentives. by @milesjennings https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/

0 reply

4 recasts

19 reactions

Miles Jennings pfp

It’s one big piece of the puzzle. Think its potential will be unlocked this year.

0 reply

0 recast

0 reaction

Miles Jennings pfp

5/ Regulation is how we can and should level the playing field — rewarding those that reduce risk by giving up control, while holding centralized systems using blockchain technology to merely obfuscate control accountable. For more, see: https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/

0 reply

1 recast

2 reactions

Miles Jennings pfp

4/ Incentives matter. The costs of decentralization are extreme — it requires giving up control, diluting ownership, and inviting competition. Without proper incentives, fake decentralization thrives while true decentralization struggles.

1 reply

1 recast

3 reactions

Miles Jennings pfp

3/ Blockchain technology is a rocketship though — it can help us escape gravity, at scale. Many have already demonstrated this — anyone can own, act, and build permissionlessly, without gatekeepers. But even though it's now possible, decentralization isn’t inevitable.

1 reply

1 recast

3 reactions

Miles Jennings pfp

2/ Decentralization isn’t easy. Centralized systems are efficient, coordinated, and fast-moving. They’ve dominated. By comparison, decentralization is inefficient and comes with immense costs. Centralization is like gravity, and it’s hard to overcome the natural order.

1 reply

1 recast

4 reactions

Miles Jennings pfp

1/ Centralized control of networks has consequence — Big Tech, Big Banks, and Big AI control public discourse, financial access, and even information. Decentralization eliminates control, but it needs to be incentivized. Here's how. 👇 https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/

5 replies

57 recasts

120 reactions

a16zcrypto pfp

It’s a new dawn for the SEC. Here are 6 immediate steps the agency should take to regulate crypto while balancing innovation and consumer protection. https://a16zcrypto.com/posts/article/sec-digital-age/

1 reply

4 recasts

13 reactions

Miles Jennings pfp

With the fight for crypto’s existence subsiding, it’s time to focus on crypto's purpose: decentralization. Decentralization is at the heart of what makes crypto worthwhile. But if we don't properly incentivize and enshrine it in law, we'll lose it. Read my op-ed @coindesk ⬇️ https://t.co/Bhk2AHEQ6g

5 replies

25 recasts

168 reactions

Miles Jennings pfp

If you're looking to get caught up on the debanking controversy, we've got you covered:

0 reply

7 recasts

16 reactions

Miles Jennings pfp

0 reply

0 recast

1 reaction

Miles Jennings pfp

In 2025, the U.S. will become one of the best places to build in crypto and the DUNA provides a great tool for startups here. We've seen lots of companies working with the structure and are excited to see how they put it to use this coming year.

3 replies

34 recasts

67 reactions

JB Rubinovitz ⌐◨-◨ pfp

JB Rubinovitz ⌐◨-◨

It’s time to DUNA https://x.com/milesjennings/status/1858720755523219932 @milesjennings

2 replies

3 recasts

2 reactions

Miles Jennings pfp

We’ve been flooded with crypto founders asking what the recent election means for their projects. TLDR: We have an incredible opportunity to build on the bipartisan progress from the last Congress and bring the best of crypto to the world. You’ll hear a lot of speculation and hot takes in the coming weeks, but it’s too early to tell how everything will shake out. Nevertheless, we believe that we now have a future where we can deliver on the many consumer benefits that we’ve been excited about: giving people ownership over their digital identities, new business models for creatives, low to no-fee cross border transactions with stablecoins, development of physical infrastructure like energy grids, and so much more. We’re optimistic that with clearer rules, it will make it easier to identify and shut down bad actors and allow well-meaning projects to take off. The future of crypto in the U.S. is bright! https://a16zcrypto.com/posts/article/a-positive-path-forward/

0 reply

5 recasts

33 reactions

a16zcrypto pfp

We’ve just released our latest State of Crypto report. It shares insights on key trends — like stablecoins, L2s, and AI — plus, crypto’s rise as a hot policy issue, new data on builders and users, and much more. Here are 7 top takeaways ⬇️ 1. Crypto activity and usage hit all-time highs 2. Crypto has become a key political issue ahead of the U.S. election 3. Stablecoins have found product-market fit 4. Major scaling upgrades have drastically reduced onchain transaction costs 5. DeFi remains popular — and it’s growing 6. Crypto could solve some of AI’s most pressing challenges 7. More scalable infrastructure has unlocked new onchain applications Check out the full report: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

13 replies

240 recasts

457 reactions