[Applause]
the title of the workshop it's legal
troubleshooting for these projects and
before I say a few words about myself
I'd like to learn a bit more about you
and also test out a polling system that
will be necessary for for dysfunctional
so can everyone see the screen please
visit this website at this link will be
able to vote like answer the questions
it will appear on the screen in case you
can't have enter information you find
details of one network over there but
its maximum in 50 comments so use your
own internet and don't try this one
[Music]
and by this question I just mean that
that you're not necessarily part of the
part of my decline defect project but if
you are like interested in this space
you want to work in this space you are
dealing with some problems related to
the different space I don't have all
right so it's working right
does it work for everyone yes okay mr.
so let's move to another question for
you which is another technology weary of
device have more interest to you and
here you should be able to type a
response here we have some examples
right so that that would be a filling of
what's most interest for you guys
Texas
rubycles seems likely to reflect right
and the last question to you guys very
based and here I rather mean like where
is to defend project based right or
where is like your your main interests
in there in terms of like different
activity so we may need to even live in
Japan but we're working on US bases per
project
I know that it for decentralized
projects if my that is so so easy but
let let's
so now a few words about myself I'll
take that I'm floating in that lawyer in
crypto for no more than five years and
here you have like a few issues are most
important ones I think so I'm a little
council if they make your foundation and
also I serve on some industry builders
and some define focus groups such as the
multi chain asset managers associations
Association in in Switzerland I graduate
of Oxford and also I got to Harvard Law
School but my - option was that I
wouldn't go there before before the
multi-class both I slashed and it's
gonna happen next month so I will be
finally to go to next year novel engines
log I focus on the legal aspects of my
under this address those underground a
huge length so actually the first thing
I and important disclaimer before we
start I am a lawyer just not your lawyer
nothing here is gonna give legal advice
at risk for me are there any other
lawyers in the room all right quite a
few so you guys are free to you know
give out your legal advice but nothing
that stays we go nice and use our mail
right so I'm not representing
necessarily representing make their
views right now or any other
organization that I am somewhat got it
with the leg included so nubs
troubleshooting of some legal problems
so at first my idea for this workshop
was to present you some very specific
problems that I think are relevant
like also which also falls through my
practice but they thought that like this
workshop a format is like I said it
would be a better opportunity for this
program actually ask you about some some
thoughts so what's going to happen I'm
going to present you a few more general
problems that I see legal problems they
see the defects base and they'd like you
guys to answer like like ask you about
your opinions about these problems and
also about possible solutions and we can
also have some discussions around this
so any questions the moment this is
remember this is the workshop so I'd
really like to see some discussion here
let me present the first one it's gonna
be like at this one that i called front
inflatable which is it seems it seems
pretty obvious to me but let me explain
in case you know you can fully
decentralized products in that big white
space which are you know some smart
construct based protocols that are
emitted role unstoppable and so on they
use some centralized profits to attract
users right and this centralized
contents are usually some websites which
have which have some visual domains
enjoys hosting there are some crisps
connected collected at this comfort
level there is data collection going on
just like everything that you'd expect
from some usual you know traditional
financial services when you're visiting
this website in Europe you're getting
some services you are praying for them
your data is being collected and support
and this province and the operators
sometimes may run into legal trouble
because they what they do is they
facilitate access to financial services
and products and I have once
the example I was trying to provide
example sketch of the problem that they
present you probably know this this
website is a resultant you probably know
that they they were never hid behind
some first meant actually in the US and
when you look at the content of of their
settlement it's quite striking that the
SEC divert and SEC recognizes the the
difference between the protocol level
and the fronton level yet in the proctor
in the practice it's it's it's like it's
it's really difficult to to to
differently analyze book right and this
fear from the language literacy right
that they do mention a few times that
the website need to know the website
thank you
features similar to all my securities
trading but it's right then they take
actually listening this features right
they are displaying the orders they're
salted by tricycle or directories user
account information provided field speak
with deficit with drawl and so on right
they provide all of this information and
said this looks like exchange right this
looks like securities trading many there
is no difference from the user
perspective and of course we all know
that there is a certain smart construct
going on in the background
perhaps eternalize not that let's like
example of like a total decentralize
problem yet you can see that especially
if there is just a single problems to to
the protocol which is very often the
case in the different space there is a
certain problem that from the regular
regulators perspective if they will not
see differently than any other central
answer profits
any questions do these problems to this
problem before we get to my questions
today so why like just a centralized
point of entry could isn't the fact that
anyone could make a fronting for removal
I'm an activist very visual so mother is
a durational from my sides
that's a good question I'm not talking
about twin left in the specific litter
or specific reverberation right I'm
trying to like abstract away certain
problems and all of them I think would
be would be relevant humanitarian issues
right so of course like an answer to
this type of question might be different
in some in some places and I just look
above a certain practice right that very
often this is protocols have single from
right and of course this is this is this
is very good advice that I'm giving out
some time is that you need to like make
this difference between protocol day and
from that later right so that so that
you focus your efforts on the protocol
layer only but you know from the
business perspective each other
difficult right you just live it up to
our two people to do something on your
protocol and each other difficulty
beauty business model on your back
console right so that's why people want
to put struck this activity they want to
earn money on this they move they they
are building this conference right which
which might get them some some regular
Travis and actually have a second
example which is again it's like without
any confidence right but I think it's
like I think it's gonna be relative like
no matter what was that like a precise
legal rule or its interpretation if
that's clear that you know you're
providing a certain financial service
via this certain front-end and you are
like using this like claims about the
centralization smart contract based
protocol some other front ends this is
not gonna work if like functionally and
practically this service is mostly
available via the single Crompton
does not make it different from any
centralized services right the second
example is said mom you only care about
like the recent 5a validations this is a
kind of like a global ALL regulatory
ITER governmental body there are
settings and certain standards and
recently they came up with a new
recommendation that is very relevant for
crypto and so far the interpretations
like all this is going to be implemented
in something in all the countries right
so this is like a inter like
international level that says and so far
the traditions like what most right so
they recognize that they seem to
recognize that if there is a certain
service that is decentralized especially
noncustodial they learn requirements
should not apply right but we'll see how
this how this works out in in in many
countries and I can see I can clearly
see that in some places the
interpretation might be different right
so actually something that is providing
you know even if it is not custodial but
it's providing like virtually the same
services as some centralized products
it's gonna be subject to my requirements
which is of course like difficult right
because you know there's nothing like
I've ever liked a ml at the protocol
level you need to apply a valid opponent
level and then you know you end up in
the situation in which this protocol is
not so relevant anymore because there
you need the second frontal operator to
use the services so now some questions
to you guys that I'm really curious
about this is the first one from the
plane it's the problem that they just
presented here we consider this problem
before right so I know that my majority
of you are working different projects
and not the question is did you consider
this
[Music]
right my killer doesn't work for
everyone
this is polling social
all right that's interesting so there is
this problem it would be great to hear
some discussion but let let's tone it up
till my last question the second
question is how relevant is this issue
for your party you want your reward
is this something you think that it's
you know you have consider this but is
it relevant
that's like this results is surgical
information of the fact that it's like
large majorities saying property saying
that it's relevant
the surgical information there is a
certain problem in the difference with
that that you actually people are
actually building this competence on top
of there are other protocols and there
is like there is the second level of
course I not you know this is not to
scare you all right this problems that
presenting they're just issues that I
think we we should like spread knowledge
about them also in order to educate
regulators and lawmakers about these
problems right because sometimes these
people are are just not aware that there
is displayed between per sometimes like
quite obvious to us but not to them they
split between another more general
question how relevant is this for the
entire deeper space in your
all right and the last key question is
with everyone's finished with this way
what's the best solution so initially I
was planning this as like myself
proposing some solutions to banks but
I'm very very curious about about your
solution so here again propose I think
to two solutions and then upvote or
downvote solutions provided by anyone
rememberable unfolding in Dublin this
will give us a filling of what will
English at work
[Music]
start in your country
[Music]
I'd like to start a new luxury option
that's that's a coolness but it's
[Music]
all right so it seems to me since my
multiple constants this is the winning
option yet look at that like IP advice
up here to Natalie's right so that's
that's certainly a solution that also
came to my mind that's anyone any like a
proponent of this idea know like what's
the state of like actually being able to
decentralize both losting and domains
that is anyone aware of Lucas like
everyone knows that it's possible right
but I haven't seen anything like that in
practice I would say the state is that I
like the the problem is the DNS entry
you can you can use DNS or something and
I think now like metal mask will handle
getting you to that domain I may be
wrong but the problem is that's not
widely supported so in the end you if
you want any body to just be able to
access your website you need something
you need something somewhere for
basically anyone except the most already
taken it
yeah because I can you say like
definitely like this tech technological
solution right so just like from things
are a problem because they are
centralized so let's decentralize
Commons would be would be probably a
very good solution right but like the
fact that it's not does not exist in
practice like like items like at least
my conclusion is that it's not ready it
does not exist right it's a physical
solution that is not available right now
multiple contacts that's that's that's a
really cool idea that is like at least
what we see as well it's just like to
share experience these are if I have
been I have been one receiving the you
know SEC prosecution or is it are you
just like difference of finding the
number of people they can
yeah I think that of course it's it
wouldn't be like like it's super soon I
mean by doing this you're just on the
line with the fact that the front of
layer is like separate from the protocol
layer right so you can you can you can
like the part of the leader strategy
here that I'm seeing from time to time
is to say okay there might be some
regulated activities going on in there
but they are not happening on the front
of liquor
we are just like providing this
information they're happening on the
protocol layer try regulates profits not
the front evaporators this is a decor of
this strategy does anyone want to like
have an experience with this like
building a decentralized product and
trying to actually bootstrap from to
support because first some reason it's
not happening very often as well right
like I already I already said at the
beginning that's my feeling is that it's
just they've come from the business
perspective right you encourage people
to do this but there's some incident
yeah
[Music]
I think that my experience is a similar
I think that multiple intensity is not
good you particulated and say listen
look there's another front-end let me
off that's a kind of argument to make to
a charger extremely legal arguments a
purpose of this and it's a little more
popular than that because of this
technicality let be on the computer
yeah this room I think that we we need
to think about this together with this
so she pulled a double boiler from right
this is like like the first step it's
just actually just so much
like this select by incentives it can
have a very strong
also if you do not have some sort of
really consistent and sustainable
business model than these projects
become harder and harder to be able to
believe we're just saying that expand
themselves especially a little legal
risk or associated with mostly my
projects that it's very expensive very
quickly yeah yes of the if you have done
that the runes makers to speech we would
see like but like our strategy I mean
like approach over ideal approach which
is regulate on edges right and like in
the same way as a bit different no
returns but no one is trying to regulate
what's happening in this networks yet
there is there are several regulation on
edges such as the exchanges right this
is like a certain strategy that that
many people are trying to convince
regulators to so that you know they they
like live it like believed is the
centralized essential I start like the
loan and try to regulate those bowls
around but of course you know like it's
for them it's this difficult access I
think like this right to a low that
certain that you know regulate activity
is just being you know transfer to some
protocol value and that's why I think
that it's not it's not here on the list
but I could see them on the phone that
there was a few change and change the
law right no one knows like how exactly
but that's that's a subject option as
well right perhaps this law doesn't work
anymore in this context right we receive
like like this is like for us it's it's
focus how can you regulate the speed
right you can regulate this bottom you
can you know put these guys to jail but
this protocol still exists right this is
like Regan will establish itself
right any other comments on some other
solutions here all right we have this
one right in place and yeah it's
interesting one in practice
is there anyone from floss is here
because in practice this is being
followed by that right that if they
establish this the excel which is which
is governing Duchess Duchess thanks
right there trying business without the
practice of it so that these dogs are
actually controlling controlling the Dex
I mean interesting but like outside of
this example I haven't seen this in
practice right the question is if this
if you if you have like the question is
if you really can learn that like
centralized us think I'll bite down
right this is this is this is still open
right there is a second reason at least
some jurisdiction this that would be
just classified as a certain partnership
or Association or something right which
would not protect its its its members or
whether building right but let's let's
move to other problems because there are
six of them and to be honest so the
second one I call the centralization and
the problem is again simple I think
which is that the centralized final
financial products are often partial
partial centralized and this I think is
is quite obvious due to many people in
this phase they're just examples of of
these sensors and transitions thoughts
there is also sometimes lack of
transparency right so that people are
actually not aware or they don't know
it's centralized it was decentralized
right there is like certain marketing
about about the centralized financial
services yet when people look closer
it's just clear that just some parts of
decentralized or there are some
centralized elements and I think Texas
is the best example of this right so
that people for for business reasons are
very like you know incorporated some
centralization in their services so that
it's more like it's faster it's more its
best better for users because it
provides better the vendor service and
this why is it important this undermines
the core legal claim of many different
projects right because many projects
like like talking about like totally
high-level legal strategy they're saying
this is complete decentralized right I'm
not controlling it so how how would I be
like mine would I be responsible for
this if I'm not running this yet it
seems that there are sometimes there are
some operators or people with keys that
do something and again example a
compound was last known compound just
like a spotlight on this project
essentially centralize the features
which is not necessarily like accusation
or anything against compound because
they are at least to my knowledge
they're writing this quite openly the
white paper that it tests like this
centralized functionalities with like
this ultimate goal towards towards but
towards the centralization
right but that's the reality of many
approaches right that they do to like
many reasons also like lack of you know
like under under like not sufficient
development of technology there are
they're demanding decentralized features
and but still did this may undermine
this this legal strategy so now
questions and this is with the same
to consider this problem in the legal
things
[Music]
thank you I just I just explained the
decimalisation by itself is very open
like a legal career right don't regulate
this product this is central this is the
sentience right so there's no one to
regulate yet in many cases you actually
see that there is someone behind you
right even for example even if like this
is non-custodial there is someone who is
controlling price of its which
effectively gives a lot of control over
over the product great so they can come
for you for using that it just
underlines this very claim that there is
no on the island right so that it's
running on the town it's like hopefully
this request like a bit right so quite a
big awareness
[Music]
that's a sex machine which is how
relevant is this issue for your project
right this anyone went to open the same
which project they are representing and
why they do choosing one of deception
yes I'm going to talk about finance we
do interest rates across county wide
exit and so I think you know from our
perspective one where they can prefer
than watching today so we're super new
and like obviously generally is like
trying to make sure we're decentralized
like eating the direct areas which is
English
we're like running
with other standard regulation those
yeah that's a good point and that's
that's absolutely true that like again
I'm trying to present like to general
problems so that they like people might
think about that like no matter what
country they're coming in what they're
actually doing but of course this is
like this this kindly highly depends on
context right so you're you're you know
you're certain the centralization
centralization balance my tourism might
you know the result might be that you
are subject to payments in the surf
intersections but not to secure
restraining requirements right that
really depends of course you need to
like very careful look into like
specifics and also specific regulation
maybe given country in order to come up
with with like precise answer like you
like out of necessity we need to stay on
this on this terrible today okay next
question
how relevant is this issue for the
entire different space
[Music]
seems like a really straightforward
concept
and the last one solutions
any ideas have come to I know that it's
extremely general but the same time I
see it is probably being repeated in
many complex and it's notions in this
one
[Music]
does anyone move to see what the
understand wait for Elvis in position
but I assume that means utility or do
you start out at war regularly
centralize that you know maybe saw the
horrible trilogy based on databases my
matches and then as you I think through
a multiple stage multiple strengths you
a sort of design architecture
application try to be more amore
centralized so let's rely on use on
centralized point of data and black
boxes I made somebody want to migrate
man and just want to add one more thing
that it's also important to be careful
about medications if the token is a part
of a certain person certain that's the
case and I think transparency is really
good point it's getting a lot of votes
as well right this is not like a
solution per se but the places you know
it's it really delivers all the value no
towards your users commercial interest
is regulators as well so that you're
transferring over time right awareness
is possible
right let's move on so the third problem
is about integrative income and finance
which is not only a legal problem I
think but also so what example is that
these are like from from the legal
institutional perspective these are two
completely different worlds right and
one specific example that is that in
define or in general we are mostly
talking about pure assets rights like
bit coincident you know you know beyond
the kiss you on the assets right and
that's all you are you are there there
is techno custody there's like no no
other part in here finance this is about
all of all evolved registered nozzles so
so that your asset is actually claim
against someone that sometimes it's
really complicated who they are to put
this other person is that is like some
whole be obligated towards right if
you're holding like a stalk like most of
the colors in the word you're actually
not like you're not having this like
we're having this this claim I guess the
company but actually there is a certain
castes to be understood in broker that
is this you know actually holding this
legal right and this is just an example
right we all know that you know default
is is mostly about building things that
are permissionless in traditional
financed by their definition
these are permission so she's right that
they're based on some awesome trusted
partisan essential controversies and our
example that America actually had this
this discussion in the committee
recently about MCD and no trustless or
permission as I as I call it
authenticity right how would it play out
and how exactly can we combine like this
permission nature of many assets with
the permission less nature of
or the whole product of em city and
elevators and this is you know that
sounds to me general but they're very
practical questions about it right like
how do you how do you you know answer
this question what will happen if
certain asset that they scaled is
collateral exposed right or the forced
transfer function is uses right these
are these are also technical problems
not to mention that there are legal ones
right because what does it mean to to
stop something at whose call degrees us
at once it is in the provisional is that
so that's that's a very specific problem
because that's not necessarily a problem
regulator problem right that like as the
the other ones that we're talking about
that there is a certain risk that us as
like defined project creators might be
helped to lay a build this is a strictly
legal problem that we have because we we
somehow want these two real-world assets
to be to be brought into the device
space yes we are facing facing with this
these problems and this also nothing but
not just about us but also integrated
with the traditional minor financial
structure right so for example bringing
define assets into traditional fires
this is the same problem right up to
brick permissionless assets into a
prohibition triangle environment there
we go with questions did you consider
this
it might not be totally relevant for
some projects for some other it is extra
perfectly so let's see if you guys think
it's relevant for you
all right and if anyone
this is also the legal problem in a way
that this is how regulation is built
right like financial loss our response
to our financial system works and
diverse in the permission of permission
model right this is visit perhaps to
develop like the source the source of
the optic of the problem and come
relevant is for the entire different
space of course it depends in the
perspective right because people are
think about deploys like completely
significantly towards the person manages
our financial system perhaps it's not
really bad at all but those that think
about like integration and converging go
stereos
[Music]
let me speed out of it Solutions
it seems that the friendly jurisdictions
are getting a little folks
it's a revelation digest which is a
winning option here this is a nice month
yeah it's it's it's it's not a solution
in a way that this is not something that
we can apply right because we are not
regulating but of course I mean one
thing that is becoming more and more
obvious to me is that we just like the
define movement need to like engage in
this relator discussions right now it
seems that certain momentum is building
especially in the state comes face with
libera from cheek and we need to build
this awareness right how the fact
projects are different from all the
other my also a function like krypter
krypter space get there so yeah so cute
I think that majority of us is saying
that change the law of Revelation ages
which is convinced regulators allotment
wish to regulate all ages and some
facilities have convinced them to build
some boxes is the winning option and
that's that something I agree with
in a way that I I think that's that's
what we need to do right just just to
just me try to be but without the voice
right right right
next problem which is which is very
simple define is global right this is
like by again by our definition
something that like you know people can
use like whenever whenever in tourism
yes revolutions walk right like you are
facing sometimes completely different
problems in Inventor addiction sometimes
totally different yet these details are
of utmost importance and I have now it's
not an example it's a catcher example
and because that's that's what you're
saying as well we you know we are facing
this problem as well right the diamond
might
that's right now I play I'm wearing my
maker it isn't that I might be treated
in many countries different right as
like money is a financial instrument as
something else right depending on the
local boss yet we are trying to do our
best
sometimes in realtor day as well to to
protect this free status of digit of
digital cash right of like a spot
instrument that is not regulated it's
just not a regulated instrument so far
we are going job here but you know the
problem remains right that this this
product services might be regulated
differently and it's difficult for us to
respond to that right because you know
we are doing something that is is global
digital scales problem
and by the way this data I'm gonna shirt
of course
but I hope that that is - this is giving
the option to go save all this of course
all this is in my name is right but it's
gonna be very useful I think an
interesting to see this disaggregated
data and presented to the wider
community yes so you know why it sounds
like yes it might be a problem but it
also sounds like it could be a way to
print the solution like other people's
standards around the financial the big
things is that you know the current
state of any label the standards around
if you're like most probably things yeah
just because there is even just between
China and Southeast Asia so many why did
it
entire structure where we need YouTube
for example on Netflix all have to
complete a background the way they
contribute for more evenly like watching
55 will be about victim interesting
people like Rihanna
financially this well actually I devoted
my talking to defy summit in London last
month
exactly topic by 30 minutes exactly do
that so encourage everyone to this is
also interesting because sometimes it's
just you know people are just saying hey
we are not we are not available or
operating in any specific country we are
every move globally but that means that
no specific laws of my right because we
are not present specifically any country
so that firms some sums that this
strategy for some people is but right
how are all about is that for yogurt
so really related to the question about
like global compliance standards and who
would be the multinational regulatory
bodies who watch there's there's nothing
like that but there there's something
political understanding bodies which are
not the surya regulators in terms
they're not able to adult by equals but
there are developing center standards
and encouraging others that don't
generate it's not like i enough it's
right I've been a more space
there's IOSCO in securities security
space and a few others right and they
are like think tanks that are yeah I
mean you know actual regulators are
Pacific countries are participating in
these bodies right so they're not like
just think things and they are like
example shows their exchange rod yeah
how relevant is or is it for two entire
different specs
quite good and then I said this is this
is you know the current state atleast
it's nothing so me like a bad thing
right although always so it's like a
certain legal issue that is really
problem right so what's the best
solution
[Music]
yeah the display initially that it's not
necessarily probably global standards
yes definitely definitely interesting
one yet
they might be at least it's um like a
male for example that's something that
might be some close to the global
coordination that's been steppin agree
some other things like security
circulation this is Cana this is gonna
be impossible to calculation the one
interesting example is the approach to
stabilize with Libra approaching and all
of this you know mess people from like
central bankers reverse countries saying
that they're not gonna load this this
will be a very specific test for
international coordination art but I
think people underestimate how difficult
it is if you have global standards and
you don't like these abilities that I
was in line it rocks that you start and
filled the spaces between the regulation
people infinitive
and the different ego that's our biggest
beef Latoya's but not for people who are
admitted projects and devotees standards
exist like this laws are more or less
similar in many countries because the
policy concerns are the same or almost
identical right so there are suspenders
the question is these are not detailed
details which are problematic here right
when you come from disrupt this is there
a difference between global standards of
regulation and rules engines of
definition about various things like
maybe like for example definition of die
his die of error actions and not as bias
energy is not is there I don't know the
world works with definitions
no that's that's more or less the same
as right like for a male rubbish for a
mole for the purpose of paperwork that
thought it was like extremely relevant
out there to Paris is defined right but
it was like one of the car bombers right
let's let's run this really quickly
never local liability I'm not sure that
two cars an explanation here just one
example because there was like a lot of
like theoretical thoughts about this but
one example
Averill laws are being implemented by
many countries in Europe right now
and this is this is something that the
UK government's like propose like the US
big wish would it make sense to apply
this regulation to people that are
dealing with the publication of
open-source software which is includes
but is not limited to longest within
world software other types of group
doesn't related so right so this would
be not just banks or exchanges that will
be subject to this type of regulation
but also open source death
did you consider disability
[Music]
all right that's this acute quite
surprising I thought it would be to be
close to hundred percent yes let's move
on how relevant is this before we go to
project
I mean is of course difficult to say
right if you're not a lawyer but just
people are fragile
and thermal other than it is for the
entire defy space
Thursday again is is that you know if
you have like this centralized financial
services and regulators are looking for
something that this is called access
points you know you may want to address
users minors but developers like people
that are actually doing this and
not only developing protocols but also
products seem to seem like an office
Isis but from the regulatory cost point
of view to think regulators with one
after this developers because that
computers a huge amount of cost for the
Americas yeah I mean again this is like
a generic problem that might materialize
in some specific complex right of course
I do not foresee this this sport in
which developers would need to go
underground because there would be like
huge regulatory enforcement action at
the toe of human strength but in some
context that might be relevant like I'd
like a shot with the same models right
it's enough if there is like this small
detail that that would really make a
difference like right right solutions
actually I think that here material best
solution would be to do
literally
I thought it was best darkness
you know it's not that sometimes we may
be who may think that it's like without
any sense at all right but you know
imagine it like that that that is just
developing a Ponzi scheme like with full
knowledge that it's going to serve this
purpose we deploy the cotton promoting
it right then that's it's not obvious
right whether we might want to go after
this guy pass that there is a certain
brush around for trains right we're
tight
the information available here if is
open-source and everybody in contributed
yeah is a community of desert yes yes
really
right okay so we are really running out
of time so let's quickly go through the
last piece which is just like pure legal
martyrs right so some cases in which
examples just so last series of
questions legal barriers so you know
like you know laws that are just not
responding well to these new new
products which does not mean that you
know sometimes the fact that they are
not covering something explicit to these
other problems you saw their opportunity
but sometimes there are stopping people
from doing doing things to go right
natural common answers
seriously however your
right
some as usual overestimate this the
stigma certainly fun to do things about
the role general but this is the
necessary problem breo's how is this
relevant for Bacall defy space
and solutions
it seems that this one actually that
this one actually have like a very
simple simple solution right just change
the law justice make these people that
are responsive responsible for gays
aware of this problems which is which is
possibly the the best result it's
something the question if we want to do
that right especially those people that
have this mindset of giving something
that's completely alternative you know
they just don't want to make people
aware that regulators right because they
think that it's going to be some
problems and it's invalid
all right so we are terrifically late I
think use this data hopefully on defy
example all sort and present present
these ideas and I hope like I really
hope that this this will be just like
the initial discussion about general
problems and we'll get into specifics as
a community right because we really need
to share these problems common problems
as we can see as projects and think
about solutions that whatever
they were a fright they may throw or no
six sorry it was my mistake I said these
were six problems so that's actually
different
[Applause]
you