Even though this sounds tempting, I don’t think it would be a good idea considering the current regulatory landscape. As mentioned previously this could easily turn ARB into a security and bar American citizens from participating in Arbitrum’s governance, which could have more downside than whatever value we could get from this revenue-sharing incentive.
Arbitrum team already runs a centralised sequencer and doesn’t comply with AML or any other law that most probably applies.
Even if this was real, that doesn’t mean that the DAO shouldn’t be compliant.
Why should a DAO/chain act in the interest of 1 countries regulation anyway?
It’s not just the US, they are simply the ones that are more aggressive about it, but multiple countries have similar securities laws based on similar precedents to Howey, so we have to think in the long term. Anyways, it wouldn’t be fair to bar US citizens from governance either.
yeah lets reward people that create the best value!.. with the massive ARB treasury balance we have.
There are other ways to reward people that create the best value, which is why we have a grants program.
I would really support doing something like this, but it just doesn’t seem feasible considering the legal risk involved. We have to acknowledge that we don’t exist in a legal vacuum. Hopefully regulations might be more relaxed in the future and then we could do something like this, but for now, I would reconsider it.
This is my personal opinion and not that of Seed Latam