Maker of things. Strategic to the core.Architect @r_squaredlabs. @GoldmanSachs alum. Not financial, legal, medical, moral advice. No advice. Innovation-serious.
Joined July 2020
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Oh man here we go. Next stop: tokenization of AI tokens and/or atomic swaps of the raw data in return for stablecoins or crypto blah blah blah.
Actually wait… @r_squaredlabs can do that.
Actually wait, patent pending.
🤔
The only way this works is with broad distribution of the token.
Pamp (as the saying used to go), as if the future of blockchain and crypto depended on it. Bc now it really does.
So I had filed a provisional patent application some time ago and I hadn’t heard anything back (you need to get a filing receipt confirmation letter for the provisional application). It was taking quite a while actually so I called (btw the people at USPTO are the ABSOLUTE BEST - no joke. Totally awesome, patient, empathic, want to TRULY help - zero irony here). Anyway, so I asked (nicely) is there a reason for the delay? And they said (paraphrasing), “Oh.. um.. let me give you the number of the Ombudsman’s office.” And I was like, “Um okay sure but I’m just checking in on a delay I’m not looking to file a grievance or anything.” And they were like, “No just call them. It’s taking too long.” I was like, “Okay will do, thanks.”
And so I called. And the Ombudsman’s office SINCERELY could not have been nicer or cooler. And so I started with, “Not a huge deal on my end, there’s still time, but I was referred over here.” And they said (again paraphrasing), “ Oh um. Oh okay, yeah okay.” And I was like, “What’s up?” And they were like, “Well looks like there was a security review but it passed. That’s why there was a delay. You’ll get a letter soon.” And I was like, “Okay cool… wait a security review? I mean I sent it over a standard internet connection.” And they were like, “No a National Security review and we have no insight on the DOD or NSA. But it’s all good. It passed.”
I’ve been hearing back from my network off line (what a shock). Let me be clear: I am willing to do business w anyone of substance who is honorable in intent and execution, subject to our intellectual property rights. That’s it. No grudges. However - there IS risk management, that can be covered off by a risk premium. Or to put it another way, as a sign above a bar I saw once said, “Don’t be THAT guy.” If you were a THAT guy, well it’s risk premium time. That’s the way things work.
It used to be so frustrating that people in corporatist roles were so completely outside the realm of reality and logic that it was hair-pulling. Now, all of that gaslighting bs is suddenly and magically gone. NOW an industry that wishes to ACTUALLY tokenize, issue, trade and settle with self-custody, and really actually do it, suddenly, becomes normal. What a shock. BUT I'm a pro. Happy to do biz with valuable biz partners. To an extent. I remember everything - good and bad.
What people in “crypto” need to read into is Plato’s cave allegory. It’s when everyone’s in the cave & the shadows on the walls become actual reality. That’s EVERY smart contract engine. Not bc I say so, but bc the shadows aren’t actually real. @r_squaredlabs is real.
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.