#104 - Wachtell Lipton's David Adlerstein and Kevin Schwartz on Decentralization, Smart Contracts, Tornado Cash & NFTs
Law of Code
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The Importance of KYC in Cryptocurrency
I think that in looking at that list of things that we wrote about in this memo, the peak of the last bull run, it was clear that there was some risk occurring around some centralized parties. There are a lot of people who are kind of orthodox libertarian who very much take the view that people should be able to do whatever they want within DeFi. I'm not positive actually what the right answer is in terms of making sure that if you're going to send like $10 million of value over the internet to pseudonymous or even anonymous counterparty, there is actually a legitimate interest of society making sure that it's not like North Korea or terror organization on the other side. On the
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