Re: Who am I Re: Unlawful Unregistered Securities, DID and VC

čt 15. 6. 2023 v 21:23 odesílatel Chaals Nevile <
charles.nevile@consensys.net> napsal:

> It's not clear what conflict there is here. This request feels
> uncomfortably like an ad hominem attempt to discredit my arguments because
> I work on blockchain something something..
>

> Nevertheless my interests seem pretty straightforward, and to give a
> summary for anyone who doesn't know and wants to:
>
> I am employed by Consensys (a software company making stuff to support the
> Ethereum ecosystem) whom I represent at W3C as AC rep, and I spend most of
> my time on secondment as the Technical Program Director at the Enterprise
> Ethereum Alliance (a US 501c6 non-profit consortium focused on ensuring
> that the Ethereum technical stack meets industry needs.)
>
> Most of the time I focus on the parts of Ethereum that aren't related to
> crypto currencies or tokens as investment vehicles, and how to use all the
> other technical capabilities of that stack (e.g. how to improve
> interoperability in various parts of the protocol, and between different
> blockchain stacks).
>

Thank you for your response. I acknowledge that my initial message might
have been perceived as personal criticism due to its rushed composition.
For this, I sincerely apologize. Many of us recognize your longstanding
contributions as a member of the W3C staff. Only recently did I learn about
your association with ConsenSys, which led to my perhaps inelegant attempt
to understand your current standpoint. I appreciate your professional and
good-faith response, and I look forward to continued constructive
interactions.


>
> The one thing I do (generally 10-20% of my time) that is related to the
> investment value of crypto is work with the EEA's "DRAMA" Working Group
> (DeFi Risk Assessment, Management and Accounting), chaired by Ernst&Young
> and Hacken (a Ukranian security company led by an ex-Deloitte CPA). That
> group develops best practices for the accounting profession to sensibly
> account for the value of investments in "DeFi", respecting legal
> requirements and the generally accepted priniciples of accounting best
> practice such as GAAP and IFRS. (In that work, obviously, the role of the
> SEC and securities law in general, across the world, is critical - the
> whole point is to work out how to make sure we are meeting their
> principles). The group is working on providing more public documentation,
> but you can read about them at https://entethalliance.org/groups/DRAMA/
>
> Within W3C I have been a participant representing RMIT University
> (1997-8), W3C staff member in the Web Accessibility Initiative (1998-2003)
> and the then Semantic Web activity (2002-2005), represented Opera
> (2005-2012) and then Yandex (2012-2018) as AC rep, I was on the W3C
> Advisory Board 2009-2020 and am again, chaired the Web Apps group for about
> a decade, and have participated in many W3C groups in the last 25 years.
>
> Assuming that people's backgrounds and interests matter, would you please
> give us enough information to understand your motivations. If, as I
> personally feel, it doesn't matter, then perhaps it makes more sense to
> focus on the actual questions under discussion.
>

Agreed!


>
> cheers
>
> On Thursday, June 15, 2023 15:49:28 (+02:00), Melvin Carvalho wrote:
>
>
>
> čt 15. 6. 2023 v 13:46 odesílatel Chaals Nevile <
> charles.nevile@consensys.net> napsal:
>
>> I have a lot of sympathy for the requirements that the registry insist on
>> more "well-formed" entries, and I think it should be possible to challenge
>> entries and request their removal if their main purpose is to break
>> widely-recognised laws. But we're not the police, and work in an
>> international context providing important records.
>>
>> On Wednesday, June 14, 2023 22:09:55 (+02:00), Melvin Carvalho wrote:
>>
>>
>>>
>> Manu, would it be feasible to consider a two-step process for the
>> registry?
>>
>> It's easy to consider. I have spent several hours on it (and wrote a few
>> pages of notes as I thought).
>>
>>
>>    1. Establish a consensus for inclusion of only legally compliant
>>    methods in the registry.
>>
>> This is a bad idea, because we will waste massive amounts of effort on
>> underinformed and expensive arguments about what it means to be legally
>> compliant and on any specific case that isn't trivially obvious anyway.
>>
>> I am explicitly opposed to this framing as a useful or even workable way
>> to ensure we support a moral and legal set of values through our work.
>>
>> I do believe we should support such values, but I also believe that in
>> practice this approach will undermine our work, without achieving the
>> proposal's stated goals.
>>
>>
>>    1. Align the current registry to reflect this new consensus.
>>
>> No, since I don't think we will have consensus.
>>
>> This approach may alleviate concerns that some groups in the W3C are
>> indifferent to legal, specifically securities, laws.
>>
>> I doubt it. But it will raise significant concerns that some groups in
>> W3C are prepared to indulge in pseudo-legal argument, or to allow the use
>> of pseudo-legal claims to restrict rational conversation.
>>
>> As a respected entity, it's essential that the W3C adheres to all laws,
>> showcasing its commitment to uphold legal standards.
>>
>> No.
>>
>> There are a lot of laws. W3C should strive not to engage in illegal
>> activity, and individuals likewise, especially with respect to the
>> jurisdictions they are domiciled in etc etc. Because that's the law,
>> because it is generally the morally right thing to do, but also in order to
>> ensure our work is globally relevant.
>>
>> Despite being close in wording and perhaps closer in sentiment the two
>> statements can lead to different ways of working, and the details (as
>> always in law) are really important.
>>
>
> Chaals, thank you for your comments, please could you disclose conflicts
> of interest in this matter.
>
>>
>>
>> cheers
>>
>>
>>
>>>
>>> -- manu
>>>
>>> --
>>> Manu Sporny - https://www.linkedin.com/in/manusporny/
>>> Founder/CEO - Digital Bazaar, Inc.
>>> https://www.digitalbazaar.com/
>>>
>>>
> --
> Charles 'Chaals' Nevile
> Lead Standards Architect, ConsenSys Inc
>
>