You know regulation by enforcement in the US? Like what Gary does ? In Europe they have regulation by outrage and its bizarre :

The EU will effectively ban #ChatGPT and other generative AI models through its “AI Act”
As these models fall into the “high risk” category, they’ll face infeasible technical requirements (“bias-free training data”, “error-free training data”, “complete training data”, etc.).
ChatGPT generates texts, nothing more. It’s not a threat to health and safety! That’s why it doesn’t make any sense to classify generative AI models as “high risk”.
The #AIAct will make AI innovation in Europe impossible.
We need future-proof regulation that is independent of a concrete implementation/tool like AI. We also don’t regulate maths or statistics. Add new vertical regulation if necessary. Regulating AI horizontally just won’t work
Prof Glauner, EU AI advisory tsar has this to say lnkd.in/ghPzKwj to learn more.

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More from @MHiesboeck

Feb 18
The U.S. Securities and Exchange Commission late Thursday released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs, the company Kwon founded to develop the Terra blockchain. Broadly, the SEC alleges Image
that Kwon and others “engaged in a scheme to deceive and mislead investors … in the U.S. and abroad.” Indeed, the SEC’s findings paint a much clearer picture of the entire Terra system as a fraud, one just as elaborate and calculated as Sam Bankman-Fried’s FTX,
and contain a number of major revelations about claims that were previously merely suspected or entirely unknown. Here are four of the most important discoveries.
Read 18 tweets
Feb 17
How to get $BLUR airdrop for free. An autopsie: (@WuBlockchain)

Twitter user FreeBlock shared his experience of earning millions by participating in the third round of Blur’s airdrop program through various bidding strategies in a scientific manner.
1 By monitoring the memory pool, if there is an offer transaction that accepts his bid, he will use higher gas fees to withdraw the bid account balance, causing the transaction to fail (high feasibility);
2 With the restriction that #NFTs cannot be traded within 3 hours of going live on Blur, bids can be confidently placed (not a key strategy);
Read 7 tweets
Feb 16
🐩 Dog-themed memecoins have learned a new trick for pumping their token: burning worthless tokens and shouting about it.

How did we get here: It all started with $Floki Inu. It burned nearly 5 trillion tokens, which it claimed were worth $100 million
•Yet these tokens were effectively outside of the circulating supply because they only existed to allow liquidity for cross-chain swaps.
•As a result, burning these tokens had no impact on the supply of tokens available for trading.
What now: Well Floki's marketing strategy is starting to attract copycats. Another dog-themed memecoin, Volt Inu, has implemented the same strategy.
Read 9 tweets
Nov 20, 2022
⚠️ Further twists in the #FTX saga by @elliptic . Money laundering is under way using a service owned by Alameda/FTX

The Ether taken from FTX is currently being converted to #RenBTC, which allows it to be moved over to #bitcoin using a service called RenBridge, operated by Ren.
Ren was acquired by Alameda Research last year: lnkd.in/e_aDEbdG

#ftxcrash #ftxbankruptcy #cryptocurrency #financialcrime
The use of RenBridge in this way is textbook black hat hacker. Elliptic research showed how the service has been used to launder hundreds of millions of dollars in #crypto from ransomware, hacks: lnkd.in/eigGms5e
Read 5 tweets
Nov 20, 2022
This chart is shows current market breadth. Note that macro setup was very different in 2015/16 ; massive stimulus outside US and the Fed paused after 1 hike. We narrowly avoided recession, and inflation was not an issue (deflation was).
This is very different from what we have now so don’t draw any hasty parallels and stay vigilant. #ES #investing
The key STILL is the dollar. Weaker dollar means less pressure on world economy means higher stock prices and good for Bitcoin. I wish it were that easy. To me it looks like #markets got ahead of themselves since October 1.
Read 4 tweets
Nov 19, 2022
Is this worrying ? ⁦@Grayscale⁩ won’t let us see under the hood 🤚 open.substack.com/pub/quoththera…
Grayscale refuses to tell us what is under the hood. Even after repeated request, the grandmother of all structured BTC products, which trades effectively at a 45% discount to spot,  doesn’t want to insure investors that their holders are what they claim to be.
GBTC could close the price/NAV gap easily, instead it choses to allow its holders to dump Bitcoin at $9500. This is hard to explain.
Read 4 tweets

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