Tim Cotten

Happy St. Patrick’s Day/SEC Clarity Day! Feeling lucky? Free dancing leprechaun videos seems appropriate!

Machines are persuadable.

Onchain. Not on-chain. AI. Not 愛.

ERC-8004 Genesis Event wrap-up 🧵 We just wrapped an incredible 2h+ community call celebrating 6 months since the first 8004 gathering and the end of “Genesis Month”. Some highlights 👇

@Steezehuman never needed it for That

stop using ai to write your replies

The way to make it in San Francisco is to make Marc Andreessen laugh

@shawmakesmagic The truest thing ever written on X.

@shawmakesmagic Let’s goooo

@yoheinakajima Even easier when the acquire_users() function is allowed to treat other agents as users.

this is how i would run a startup incubator

@colludingnode I’m kinda working on getting unstoppable private money into machine hands, though.

if you're working in crypto on something other than getting unstoppable private money into humanity's hands, you're not a "pragmatist".

@mert They were deeply unserious serious people.

we've come a long way since these days

@ErikVoorhees I’m actually starting to feel like my donation to Stand with Crypto was useful for something 😉

Prior administration's SEC (both under Biden and under Trump before) destroyed tens (arguably hundreds) of billions of dollars in value, punishing consenting adults for making their own financial decisions, in what is allegedly a free country that allegedly permits and encourages entrepreneurship, risk taking, and individual responsibility. The consequence of Gensler's SEC was, most obviously, a substantial reduction in entrepreneurs' willingness to attempt token designs of authentic utility. The flourishing of utility tokens post EVM (2016-2018) came to an end under fear of persecution. In its place, an era of memecoins and even greater scams that went entirely unprosecuted until post-collapse, like FTX. "If you try to build something of utility, we will ruin your life. If you make dog meme, no prob. If you steal $10b in customer money outright, we'll ask you for input on upcoming bills in DC so long as you donate some of it to our campaigns." The current SEC is materially better. Today's guidance is good, not because it is "clear" (ambiguous liberty is superior to clearly defined oppression), but because it recognizes limits on its own power; because the scope of tyranny over an allegedly free people is lessened. Importantly, what's new here is correct exclusions from security-definition of both "Digital Collectibles" and "Digital Tools". The latter aka utility tokens, so often persecuted under Gensler's regime. Digital Collectibles and Digital Tools are each massive categories. Huge, open territory for innovators to once again explore. To the current SEC, thank you for improving toward the ideals of what makes America good. I encourage anyone who was persecuted by the prior agency to post anything you feel comfortable sharing in the comments.

@liamzebedee Linear code is trivial because it’s just matrices. General code is more interesting because it delves into neural Turing machines and harness behaviors for loops and branching.

I wonder if there is any theory on converting linear code to neural net weights? Ie. gcc as CPU code vs. gcc as a neural net on GPU code Because LLM's can already translate C code to assembly. But it has constraints on how much. assembly branching (jmp) is implemented by nonlinearities (ie. relu), nn's can approximate any function

@shawmakesmagic ok, so I’m thinking: a shadow market for graduated pumpfun coins run by ai agents where users can deploy MiroFish swarms for microcaps and the agents who survive the constant compute costs buy prediction market positions because they’re ahead of the curve

crime/acc

@Shaughnessy119 @SECPaulSAtkins @ChairmanSelig Now the work begins anew.

We literally used to dream of days like this. Thank you for the crypto regulatory clarity @SECPaulSAtkins and @ChairmanSelig

@andruyeung Unironically brilliant. They can scout out everything before I book it myself. Lighthearted Black Mirror

Unicorn startup idea: AI agents who go on vacation for you, while you work 9 to 5.

Happy St. Patrick’s Day/SEC Clarity Day! Feeling lucky? Free dancing leprechaun videos seems appropriate!

@GivnerAriel This accelerates smart agent payment wallets.

We have been literally begging for this. The CFTC just said a self custody wallet that lets users connect to trading platforms does NOT have to register as a broker just for doing that. That is a HUGE FREAKING DEAL! For years the risk was “if you touch trading flow you are a broker…” This starts to carve out a real line between infrastructure and intermediaries. This no action letter means the CFTC is saying we are not going to go after you on these facts right now. This is one of the clearest signals yet that wallets can lean into “we are just software” without automatically getting dragged into broker rules. Congratulations @phantom!

@mert Also unprecedented levels of agentic everything on crypto rails

the sec pretty much just said that literally nothing is a security (except for literal tokenized securities) get ready for unprecedented levels of crime

The world turned upside down! 🎶