europoooooor

monsieur makes $50m on an open platform and the french gov's first move is ban hammer

how can we can more /europoooooor than this? 🫠

brypto

👶 Publicly whining and faking to discover that bets and gambles are regulated in most countries will bring more pity than sympathy. 

🚀 You want web3 to grow and regulation to evolve ?

👉 Use it ! 👈 

💡 Most Web3 companies focus on mainstream media and Web2 socials spending fortunes with unmeasurable ROI (unless you trust blindly Meta/X reports on ads performance...)

🌟 Decentralized socials and Web3 marketing platforms like @anser-social.eth bring you all the insights to target the perfect audience, measure your ROI and even leverage all crypto use cases.

What are you waiting for ? 👇
https://frames.neynar.com/f/bef8b201/a3086d8c

Let me disagree https://warpcast.com/patxol.eth/0xd2ec7664

Trying to sneak under regulations is not the way to go for crypto IMO.

building /quidli 🦑 & /dist ♻️, casting in /justinahn, daoing in /🍊 & /🟪

building /anser @anser-social.eth @troopcast 
https://anser.social https://troopcast.xyz | prev. Ledger

though i don't disagree that regulators are gonna regulate regardless, i think your own cast is contrary to your reply - guy uses polymarket as you suggest, whether to "sneak under regulations" or not i do not know; and if the first state response is 'we must ban this tool,' then i don't think web3 has a bright future in europe... i personally didn't get into web3 just to built tools that are tradfi 2.0 and built to be arbitrarily compliant to a region i may or may not serve

Offering bets and gambling is not forbidden in France, it is regulated.
If you operate a casino in your basement, chances are you will be raided soon.
The whole story is just a journalist click bait.
If you operate a gambling website now without the proper authorisations, it will be taken down, crypto or not.

i told you, i agree with you re: the regulators, their function is to regulate

however, i don't agree with you that building crypto products to meet regulator expectations is the way to grow crypto; and as such, i don't think france/europe can take any lead as a web3 hotbed if every time an "app" runs afoul of existing regulations then the immediate reaction is to attempt to ban the app

I am not saying regulation should not move.
But ignoring it and then crying when the law enforcement guy comes to get you will not help growing crypto.
The fact the the EU is actively discussing crypto with the local actors is more optimistic than the current situation in the US.

Polymarket is Panama based ;-)

My vision for crypto goes beyond tradfi 2.0, hopefully most use cases have not been explored yet, especially beyond the pure finance and casino use cases. My point was to support these.

Polymarket is cool and fun, and hopefully it will make things move.

Also, according to Polymarket ToS, US Citizens should not use the contracts that are deployed and accessible through their app https://polymarket.com/tos (as well as anyone who lives in a country where it is forbidden)

if your vision for crypto is tradfi 2.0 rails, then we have totally different expectations; and europe can have that future (fwiw, you say this as polymarket is a US built "product" on a US built web3 social network)

and i don't even expect/want regulation to change and could care less about prediction markets (i've yet to use polymarket), i just think it doesn't make sense to tell people to "use crypto" and then slap them for it

The current situation is that there are many many more successful cryptocurrency companies in the US and zero in the EU.

Now when Gary Gensler is getting sacked the US will just get better.

Generally the EU regulation in the cryptocurrencies, AI and fintech has been a failure, as the EU businesses are not growing but more left behind.