it's close to pointless to be a lawyer in crypto/blockchain

people with either trading or coding skills are making huge money or being super creative, or both

law is irrelevant to them & to the tech

I get how most lawyers either go native or become no-coiners

a lot of younger people who ask me about a career in crypto law etc.

yes, it can be more interesting than other law, but, really, do you want to feel close to completely pointless in everything you're doing and make chump change while working for newly minted millionaires?

they're going to ask you if x,y, z is illegal and yes it's illegal and then they're going to ask you if being outside the U.S. would help

like, it's really just pointless

I recommend teams go anon, avoid fraud, avoid VCs & do what they want

it's a lot worse for me because my ability to delude myself into thinking that I've discovered some weird loophole in the law that miraculously makes exactly what my client wants to do perfectly okay....I don't have that ability, which is either a + or - depending on your POV

I've been very consistent since pretty much my first article in crypto--this tech is really an anti-law tech

if you don't get that your money probably depends on it--e.g. you probably work in enterprise blockchain or you're Vlad Zamfir

in all seriousness, to my fellow members of the cryptobar, on some level this is really just a weird protection racket, isn't it?

most of the advice for like a DeFi project would just be "put a band-aid on your gunshot wound" it might help...can't hurt

the regulators failed on every possible level

they could've created a compliant path for Reg A+s and Reg CFs on Ethereum and they just sat around and went after Kik and Telegram

they'll be totally lost on DeFi, I don't think they'll know where to start, it's way beyond them

in the meantime, a lawyer is happy to get paid to deal with these DeFi issues and create some nonsense analysis, but if there's no law on the subject you're really just speculating, and there's really no law on the subject--someone will make it up later, probably 2 years from now

to me, the worst ones by far are the ones who are like "this is all completely legal because reasons!" they are basically just shills

but, hey, at least they are performing a function--trying to spread mass delusion. Personally I have no interest in that job.