Nate

Binance Ai Pro. Coming soon!

I don’t know how it happened but somehow I have an OpenClaw AI that’s lazy. It’s last response to a simple historical BTC price check was “it’s hard to pin down exactly”

@WuBlockchain The opposition is the next generational wealth multiple for the first family?

According to WSJ, U.S. Senators Adam Schiff and John Curtis plan to introduce a bipartisan bill that would prohibit CFTC-regulated platforms from offering contracts tied to sporting events. The legislation would affect prediction-market platforms including Kalshi and Polymarket’s U.S. platform. Schiff said the markets effectively act as a “backdoor” around state consumer protections and gambling regulations.

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@mattyryze This is the grasshopper and ant fable on repeat. But each cycle the repairs add unnecessary new programs that turn the voting public back to the grasshopper option.

one of the biggest misconceptions in American politics is that Republicans have a better track record on the economy. hasn’t been true in my entire lifetime, the evidence to the contrary is overwhelming.

Stripe private valuation mark is $150+ billion (iirc) when Adyen is similarly sized at $30 billion in public markets Who is supposed to buy this stuff?

Kalshi in private markets is now worth double draftkings in public markets (which is a better business) Late stage growth rounds are no longer done to make money, but instead to prime the public to invest at bloated valuations when the companies IPO

@8teAPi That is huge incentive misalignment then - 99% decline in revenue is not a good business model for the AI companies. If it happens within a year, the products will be sunsetted (if not the whole company).

whatever value you get from an AI company today will price at 1% the current cost in 12-18 months. invest in the most expensive AI that works for you now, then watch the cost zero.

The obvious outcome for this change

@whatdotcd I think this sounds interesting (add me to the list please), next you will have to summarize the responses to the newsletter back to the chat groups. Seems like a new primitive of firewalled discussions. A way to keep signal high.

@RyanSAdams Just putting this here for 2028

THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

Why don’t they just tokenize the oil in the Middle East and transport it across permissionless financial rails, thereby avoiding the Strait of Hormuz altogether

@kirbyongeo This is a very honest and accurate representation of expat living here in Taipei. Some nuances in other parts of TW, and also I’d add it’s great for young kids. Spot on overall.

Some additional context and clarity on Taiwan's offering since I got a few DMs 🇹🇼 For more info on Gold Card & Qualifications specifically for those working in crypto > goldcard.nat.gov.tw/en/qualificati… The Good + People are genuinely kind and go the extra mile for you + The food is delicious and affordable. You can eat well for under $5 USD a meal. + For every purchase you make, you get a receipt which serves as a ticket for a bi-monthly lottery. + National health insurance covers pretty much every clinic visit, and hospital fees are highly subsidised. + Go hiking anytime. There are mountains everywhere. Taiwan has more peaks over 3,000m than any country its size, over 200 of them. + Incredibly safe. You can walk around at 3am and not feel threatened. Crime rates are among the lowest in the world. + Public transport is excellent. MRT, buses, and the High Speed Rail make getting around easy and cheap. + Night markets are a whole vibe. The Bad - Obviously there is some concern about China, but the locals are generally not affected by it day-to-day. There's always a lingering worry, but life goes on as normal. - It's still pretty much a cash-based society and international banking isn't as friendly here. - The driving culture is chaotic. Scooters are everywhere and road rules feel like suggestions. You get used to it, but it's a shock at first. - Summers are brutal. Hot, humid, and typhoon season runs from around June to October. - Bureaucracy can be slow and often requires Chinese. Bring a local friend or a translator for government offices or opening bank accounts. - Earthquakes are common. You’ll get used to it. Taiwan Touch Your Heart.

@ZaidKirdsey When ai works like that, will be amazing

Dear algorithm, please show me art that will inspire me.

@mrblock @Azuki Soft rug

Sigh @Azuki 什麼時候搞點東西？ $ANIME 不忍看

@packyM Should call it “the wedgie”

a financial instrument that allows you to short anyone who says anything like "normies have no idea what's coming," "if you don't think everything has changed forever then you're not using 4.6 or 5.4," or, of course, "permanent underclass" with extreme leverage.

@austincampbell Crypto has been Navy Seal level training for where the world is headed.

One of the great lessons of crypto is that fraud should be your prior, and everyone is mad with the space for that but they are going to have to update their views to accept that, hilariously, only crypto was honest about it.

Introducing AI to the concept of OKR’s to delay AGI for a decade

I don't die on hills when it comes to GOAT debates. But I will say this about Prince (in light of the current discussions on this app). He was the best pure talent who has ever hit the studio. Prince did EVERYTHING great. The ultimate 5-tool athlete. Stevie Wonder is his a-alike.