As a corporate lawyer, I've been incorporating companies for 17 years, & it's a mess. Somehow we really got robots & AI before a halfway decent startup app. So I built it myself--oneshot formation, cap table, governance and onchain identity for your startup today.

Anthropic calls some AI distillation illicit. But is distillation illegal? This @LawofCodeFM podcast is a deep dive into how courts might rule, with @dbarabander, @sabina_beleuz and @PossibltyResult, who co-authored one of the sharpest papers on the topic. We cover X v. Bright Data, what frontier labs' terms say about outputs, why Anthropic's own fair use arguments could be turned against it and predictions for the future. Timestamps: 0:00 What is distillation? 1:52 Intro 3:01 Why distillation matters 5:44 X v. Bright Data @dbarabander 7:50 Access vs. selling 10:40 Copyright preemption 11:25 Why X doesn't own your posts 13:49 From scraping to distillation 16:12 Who owns AI outputs? 19:38 Is all distillation illicit? 24:10 Anthropic's fair use problem @sabina_beleuz 25:05 Bartz v. Anthropic 26:42 Predictions @sabina_beleuz 28:41 Distilling the distillers 29:21 Selling services, not tokens @PossibltyResult 32:34 Antitrust 37:06 Tech moves exponentially, law sublinearly @PossibltyResult 40:47 Humans, AI and personhood 45:15 Final thoughts Thank you to the presenting sponsor of this episode, @altitude. Nothing in this podcast is legal or investment advice.

some noteworthy things about this: (1) these foundations are set up to owe no duties to anyone; contrast a corporation where the board owes fiduciary duties to stockholders (U.S.) or at least to the company itself (other countries) (2) if this were a Cayman Islands foundation, there would likely not even be a slim chance of any kind of remedy or action....because it's Swiss, there is a regulator of sorts and there are some standards at least for getting to keep the tax-exemption privilege, that's why there can be some kind of challenge here..note that it's not a lawsuit by the injured parties (the investors) but rather basically asking the government to investigate whether the foundation has violated its own rules...my guess is that this will be a tough case to make, as the rules are probably drafted as "boilerplate"/non-commital as possible....only if there is deep self-dealing or fraud (as opposed to mere total incompetence and disregard for investors) is there likely to be any kind of corrective action (3) BORGs were my solution to this & have been steadily taking market-share from the blank-check "Foundation"model; however, just because something is a BORG does not mean it's a great solution to this, you have to look at the details as there are many ways to astroturf transparency and accountability...the BORGs done by @MetaLeX_Labs, e.g. for @MetaDAOProject , @umia_finance , @LidoFinance , @yearnfi , create very detailed rules and give third parties the ability to trigger lawsuits against not only the entity, but also its personnel...they work quite a bit like business trusts...this gets you real protections as a token investor, albeit different from the fiduciary duties path used in corporations....

LinkedIn is a viper's pit of toxic positivity....

AI will be the next way to stratify ruling from non ruling. Those that learned later in life have at least the neural pathways of critical thinking. Those that come after will not have the opportunity to struggle and develop these pathways in the same way … so basically critical thinking will become a lost art. Artisanal thinking

Geoffrey Kendrick sees $ETH outperforming $BTC through 2030. $4K ETH by the end of the year, $40K by 2030. "ETH BTC, which is now just above 3%, I have going back up to 8% by 2030, which is roughly where it was in the 2021 DeFi summer." The value capture is indirect but inevitable. When TradFi arrives onchain, they want the oldest, most trusted rails. FT @StanChart @BitcoinJesusETH @Nexo

this is what I would've expected and will only get worse. the narrative that AI won't decimate the junior ranks of the profession is absurd....it begins long before they have even decided to enter the profession as humans in general (including the ones who might later be interested in legal careers) will evolve increasingly into meatproxies. .. .the predictable result is an AI-powered gerontocracy practicing cybernetic law . . .they simply won't need (nor have time/patience to "train") new lawyers. . .

cooked so much stuff for @MetaLeX_Labs last week, the main challenge right now is trying to communicate it all 🤣

One capuccino, whole milk, half a cinnamon bun, 781.56 kcal round trip my liege

There's a banger in The Sovereign Individual I like a lot: "The good news about individual liberation and autonomy will seem to be bad news to many who are frightened by the transition crisis and do not expect to be winners in the new configuration of society." I think that's the most useful way to read the pushback against Bitcoin, stablecoins, AI, etc. A lot of jobs and businesses sit on top of some artificial moat. Capital controls, gatekeepers, middlemen, all of it. If your spot depends on that moat, more freedom for everyone else looks like a threat to you, and honestly it is. I think we're in something like a multi-decade (or longer) transition that nobody alive today will see the end of.

想想还是做一个不得不做做了可能后悔不做更加后悔做了很可能被骂不做更可能被内心谴责的介绍： 🗑️ @Gorbagana_chain 是 @solana 的第一条分叉链 源于 @toly 和 @lex_node 2025年夏天的一次玩笑对话 目前🗑️主网复活以来在线的app： DEX： @binswap_gor NFT市场+game： @junkheap_gor 发射台：@dumpstercash Explorer：explorer 点 gorbagana 点 wtf solana:71Jvq4Epe2FCJ7JFSF7jLXdNk1Wy4Bhqd9iL6bEFELvg 年龄15个月+，体重 1.34M，减肥前体重60m+，最轻体重0.4M-。粉丝目前没多少，大部分因为之前受伤离开。 一句话总结，这是一个在meme垃圾场建造🗑️L1的故事 DYOR

Just put the tokens in the bag. Just make the robot do what the user wants. Hire a genius and have him pretend to be evil. See what holes an evil genius can get into with the robot. Patch the holes before you ship. Just put the tokens in the bag

NFT Arena is out of beta and officially released. 🏆 Ranked seasons start now: every staked battle wins or loses 27–32 trophies, and the #1 player at the end of the season will be paid a reward. October's season ends Nov 1, 00:00 UTC. junkheap.wtf/arena 🧵1/2 ⬇️

Blast 由 NFT 交易平台 Blur 的创始人 Pacman 团队打造，在上线初期就获得了加密行业顶级风险投资机构 Paradigm 等的强力参投，金额高达2000万美元。 高估值与空投 PUA 模式： Blast 采用了极为典型的“积分制”和“跨链锁仓空投”玩法，吸引了大量散户质押资产以博取空投。在其代币 BLAST 正式上市时，完全稀释估值（FDV）高达数十亿美元。 资本与散户互不接盘： 代币上线后，由于大量空投抛压以及后续链上活动匮乏，BLAST 代币价格持续走低，是本轮“高 FDV 机构币”导致散户产生“VC币PTSD”的代表性项目之一。 团队于 2026年10月2日 宣布，由于维护 Layer 2 网络的经济成本已远超其产生的收入，链上经济无法持续，因此决定逐步关闭 Blast 网络。随着投机资本撤离和关停消息公布，Blast 链上的总锁定价值（TVL）相较于 2024 年 6 月超 20 亿美元的峰值，已暴跌 98%。

probably the most accurate possible depiction of current female mating mentality

some see rubbish. others see provenance.

PRIVACY COINS VS. PRIVACY PROTOCOLS I really like this essay. Gabe is working through considerations I’ve been thinking through too, and he lands somewhere different from me, but completely reasonable. 1/11

I am very uncomfortable about people trying to ascribe religious force or a surrender of human judgment to AI models, and think it is a real safety issue.

type of regulation the frontier labs will never lobby for but actually would be useful...

The type of battles Mucklings are engaging in on NFT arena