Clerel

How well this works depends on exactly how much due diligence is done to make sure blue checks are who they say they are. "Pay $8/month and call yourself whatever" would damage the blue check's anti-scam role. But if there's more actual verification, the result is very different.

I don't get this critique that charging $8/month creates an economic hierarchy. The current blue check system is *far* more exclusive than even the $20/month level from yesterday. Ideally, though, verification would be charged at-cost and separate from other premium services.

Should I publicly blab my opinions about crypto regulation more? Feels unfair to let other people get attacked by CT but never actually poke my own head out.

Regs on defi frontends that *could* be more helpful may include: (i) limits on leverage (ii) requiring transparency about what audits, FV or other security checks were done on contract code (iii) usage gated by knowledge-based tests instead of plutocratic net-worth minimum rules