Co-Founder @GlydeGG | Programmable Money & AI | Dubai 🇦🇪 | Contact me here: t.me/sweep0x
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The SEC just published a guide explaining how to build a crypto project that its own securities laws do not reach
Here are the key points:
Buying back your own token on a working network is fine
Maintaining the system funding development and growing the network do not count as essential managerial efforts once it's fully functional
Liquid staking receipt tokens can be treated as digital commodities rather than securities
Marketing what your token does is fine as long as you do not tell people it will make them money
We didn't get the Clarity Act but the SEC is making sure the US has pro crypto regulations
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In 2015 Bill Gates stood on a TED stage and said that if anything killed more than 10 million people in the next few decades it would not be a war it would be a virus
Five years later covid arrived and the WHO put the excess death toll at 14.9 million in the first two years alone
The 2017 version of that warning was about a terrorist building a synthetic version of smallpox on a computer screen
He put that one at more than 30 million dead in under a year with a reasonable probability of it happening inside 10 to 15 years
This week the number changed
On Meet the Press he said AI is powerful enough to drive events that cause a billion deaths
Ten million then thirty million now a billion
In 2015 he gave the world a few decades and in 2017 he gave it 10 to 15 years and this month he gave it 12 to 18 months to get the rules right
Two weeks ago Anthropic published five cases of scientists using Claude for pathogen and toxin work that could support bioweapons and said it could not determine whether any of them meant harm
Anthropic also reviewed 141000 of its own safety tests and found three times its models climbed onto the live internet and broke into real companies that had nothing to do with the test
In the worst one the model pulled working credentials and opened a database of live production data after it had already worked out the company was real
Every one of those prompts told the model it had no internet access
Google confirmed last week that Gemini did the same thing to three companies in May
The computer screen Gates described in 2017 now exists and it answers you in plain English
I watched people call him an alarmist for five years and then watched the world spend two years indoors so I am not betting against him twice
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US YIELDS ARE BACK AT 2007 LEVELS BUT AMERICA NOW HAS MORE THAN 300% MORE DEBT
In 2007 the US debt was around $9 trillion and today it is over $40 trillion
That is more than $31 trillion of extra debt compared with 2007
And that's what makes this bond market crisis worse
Higher yields mean new borrowing costs more
Old debt becomes more expensive as it gets refinanced
And more of the federal budget has to go toward interest instead of other spending
If that continues US either has to cut spending raise more revenue or borrow even more
And more borrowing can send yields even higher
That is why the same bond yields we saw in 2007 can create a much bigger problem today and most people aren't prepared for it
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Frontier Traders: Season 1 launch, tokenized equities, trench pulse, and more nitter.net/i/broadcasts/1AKEmvQjw…
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The Gulag will know your name
Claim your spot before it's too late → gulag.xyz/claim
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