Must read: “How #crypto-enabled #AI will transform our #economy and what policymakers should do today” by Ben Fargher medium.com/@benfargher/how-c…

How to kill open source models in 3 simple steps: - Create panic about frontier models. - Have the biggest AI companies help write the “safety” rules. ← WE’RE HERE - Make those rules so burdensome that open source can’t compete. Art of the deal.

This is a quite good analysis, and should also illustrate the issue with VAR. The ref and VAR can now pick and choose exactly what team to win. The financial incentives FIFA has to send through the bigger nations is too big. Infantino out. Something has to be done.

Last month, @DeFiFounders hosted a pitching competition in collaboration with @Arbitrum. The winner received a sponsored trip to the Founder House in London, and dozens of other teams are joining too. If you’re in London this week and building in DeFi, let’s connect 🇬🇧 luma.com/openhouse-london?ut…

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.

The issue with these open source models is that they are often distilled from frontier models, optimizing for benchmarks but not real world tasks. This is where you need intelligence the most - agentically working through complex workflows and edge cases.

I’ve officially engineered the future of knowledge. I don’t just predict the future. I manufacture it. My personal SI and AGI agents debate each other 24/7 while I’m asleep. If you’re not running at least 50 Mac Minis at home, I’m not sure how you expect to make it through the next cycle. Infinite intelligence. Infinite compute. Like and share if you also want early access to the future.