Cardano dApps vs. Protocols | Cardano Rumor Rundown #525

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Crypto is finally in that era when we’re big enough to garner serious attention from regulators. That means that projects will eventually have to be in compliance, enforced against, oir be undiscoverable outlaws in relation to whatever regulations end up in place. It seems like there’s no timeline where projects don’t fall into one of those three buckets. The current conceptual problem is that projects are pinning a lot of hope on a distinction between the protocol and the dApp…the code deployed on the chain and the interface utilized by regular users. The idea is that the user interface may be subject to enforcement, but not the protocol. However, some thinkers in the space are pointing out that  this may be a false hope framed around a distinction without a difference. Hopefully in Cardano, we can avoid building our whole ecosystem around the same fallacy.

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Timestamps►►
0:00 Intro
1:49 Protocol vs. dApp Regulation
7:32 Incentives Behind the Thought
10:10 Logical Gap in the Distinction
13:59 The Real Reason Some Protocols Escape Regulation
15:58 The Practical Problem for Crypto
19:02 dApps vs. Apps

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Companion Reddit thread ►►

Cardano Rumor Rundown January 25, 2023 from cardano

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