The driver was arrested. Protests there against fast food led to Carlo Petrini founding the international Slow Food movement three years later.
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Is it not so that on the right-hand side of the steps, as one descends, there is—or there was—the smallest independent country in the world? It was perhaps the size of only one or two buildings. What was its name?
They connect the lower Piazza di Spagna with the upper piazza Trinita dei Monti, with its beautiful twin tower church dominating the skyline. The spectacular design, proportions, elegance and harmony are a striking reminder of the architecture of the great Roman Empire… Continue Reading…. Like I was like well okay, so what is the analog equivalent of this? The book is the immutable artifact. If you publish a book, the contents of that book are generally written into history, particularly in the 20th century.
Like the fact that Mein Kampf still exists and has not been purged from the world, I think is a good thing. Jay Kang: I agree with you and I think that it needs to be efficient in a way where people given the speed with which they need information now can access it. And I would say that of all the stories that I read week about Bitcoin, blockchain, this one was the most exciting to me because it seemed to be the type of thing A, that a lot of people can rally around. It is really about something that I think a lot of people would agree is a good thing, which is to sort of fight censorship in countries like China.
Jay Kang: Can they actually do that? Like how would someone go about blocking the blockchain? Aaron Lammer: I think that if this becomes prevalent enough, this will become an issue, like … And all of the things that we think about, decentralized applications and blockchain becoming a new form of internet like-. Aaron Lammer: Or a replacement for the internet. There was a time when the internet itself was uncensorable. Aaron Lammer: Until people figured out how to censor it.
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Jay Kang: Yeah, yeah. I remember what I was excited about-. Jay Kang: Which is that it … Like in terms of the new internet right? And it seems like a different way to sort of store information in an era in which we have highly centralized powers that do control the internet and do control information. Like do you … I mean … And you and I are about the same age and about the same level of nerdiness, but like do you remember how hard it was to play MUDs back in the day? Jay Kang: It was horrible. You had to like … You had to-. Aaron Lammer: Did you used to call bulletin board services when you were younger?
Of course. You had to like … We had to like cue up our modems. Like that was not that long ago. Like that was probably what? Like when you and I were like 15 or 16 years old, so it was like 22 years ago. Aaron Lammer: I feel like that was more of like when we were like 12 maybe. And I remember how much you had to learn about the systems you were using before you could anything on them.
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You had to learn like why the modem works. Like just to play a game, you kinda had to know like-.
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The kinds of things we were learning about on bulletin boards and AOL chatrooms, that influenced what Twitter and Facebook became. Jay Kang: This is exactly the type of thing that fueled the original internet.
We take the friction out of buying and selling online businesses.
Jay Kang: It is a specific concern that excites a lot of people because it seems to be solving a problem that everyone is dealing with. Aaron Lammer: Speaking of the early internet, one of the things I was curious to get your take on was a lot of stuff has come out in the last couple of weeks about this consortium of venture capitalists, who have been creating a working group and trying to lobby for a safe harbor exemption for certain tokens to not be treated as securities. Let us figure it out. We know best. Let us do it.
This is a strange time to be making that argument though with Mark Zuckerberg testifying before congress and the biggest products of that Silicon Valley era finally facing some regulatory scrutiny. Jay Kang: And like a breaking point with the public. Aaron Lammer: And a break in a public trust. It is a hard time for them to be making this argument right now. They think that the SCC is gonna be heavy handed and call all these things securities. Jay Kang: But a lot of them, yeah.
That would be a major, major shift that would sort of end the ICO market. It would end a lot of the functionality of Ethereum. Jay Kang: Yeah, but why? Why would it end the-. Aaron Lammer: Well it would mean that only certain types of investors would be able to invest. Jay Kang: You would have to be an accredited investor. Aaron Lammer: Something around there. Aaron Lammer: And additionally, there is a huge amount of work involved in complying with being a security that none of these companies have been doing, none of them want to do and might severely limit their potential. I read a bit about this.
He wrote about that and I think Preston Byrne had something pretty good that took the other side of that issue. Aaron Lammer: Is a security or not. And I think the biggest variable in how we would evaluate something like Ethereum is its decentralized nature. Jay Kang: [crosstalk ] why? Aaron Lammer: For something to be a security, I believe it has to be issued by someone. Aaron Lammer: And a decentralized … Like Bitcoin was not issued by anyone. So what it comes down to for Ethereum I think, if I read this correctly, it comes down to this Ethereum presale.
Is that the Ethereum Foundation distributing Ethereum or is that a totally decentralized event like the genesis block of Bitcoin? One of the arguments that Van Valkenburgh is making, which I think is kind of interesting is that Ethereum had two periods, it had the presale period and the current period. And he draws a bunch of distinctions between like in the presale period, the records were kept in a centralized database for the Ethereum foundation. Jay Kang: Wow.
Aaron Lammer: What? Aaron Lammer: I kind of buy it. I mean in so far as something can start off centralized and become decentralized. This centrally comes down to like, does Ethereum require any central authority to continue? If the Ethereum Foundation ends, will Ethereum end? Aaron Lammer: But not necessarily. But I think it would continue to work and be used.
I enjoy his writing even when I disagree with it because I think he makes points very clearly. One of the things he said was that the Howey works, the way that U. Jay Kang: Like we have a general sense. And I would say that … And I think that this is what Preston Byrne is arguing in some ways as well, which is that even if it has become more decentralized, you cannot say that it has had a full body conversion and that it is now something completely different. That they did have a presale-. Jay Kang: A lot of those tokens did go to small numbers of people. Jay Kang: A lot of those people are now very wealthy and very invested in the future of Ethereum.
Aaron Lammer: And a lot of those people have ties to the Ethereum foundation.
And at that point, yeah, I do … I would argue that I think that if the Securities Commission was to say that Ethereum is not a security right, then I think that it would be very hard for them to argue that anything is a security. Jay Kang: Maybe times a seriously. In my mind, it seems to be very heavily controlled by a central corporation-. So that actually gets you a special exemption. Like Snoop Dogg only really plays at things that are like centralized, corporate events now. Aaron Lammer: I do. And I think it puts it in this realm where you can truly say the person who made this is anonymous.
This could continue for hundreds of years without intervention and this is not the product of a company or a corporation or some issuance.