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1. EGreg+(OP)[view] [source] 2023-05-16 20:36:01
I remember when a different Sam — Mr. Bankman Fried came to testify and ask a different government agency CFTC to oversee cryptocurrency, and put regulations and licenses in place.

AI is following the path of Web3

replies(2): >>mschus+Qc >>smcin+2l
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2. mschus+Qc[view] [source] 2023-05-16 21:47:56
>>EGreg+(OP)
At least AI has legitimate, actual use cases.
replies(1): >>EGreg+ZE
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3. smcin+2l[view] [source] 2023-05-16 22:36:51
>>EGreg+(OP)
That was entirely different, and a play to muddy the regulatory waters and maybe buy him time: the CFTC is much smaller (budget, staff) than the SEC, and less aggressive in criminal enforcement. Aided by a bill introduced by crypto-friendly Sens Lummis and Gillibrand [https://archive.ph/vqHgC].
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4. EGreg+ZE[view] [source] [discussion] 2023-05-17 00:52:32
>>mschus+Qc
True but also other use cases with much worse outcomes than blockchain could ever have
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