Oceans of Wisdom

it needs to be resilient to me getting hit by a bus

yes this is the only outcome that is interesting to me

the default case is you get a pump and the a dump

almost every single idea DOES NOT work

in tokeneconomics

there are so so so so many landmines

"what if we contribute but don't reach the line and we have paid and nothing happens"

oh that is fun

otherwise people worry about going first

for larger amounts it needs some type of escrow mechanic in that it triggers only when a hurdles is met within a time frame I think

tax wise that there might be some IRS improvements coming

i think there is an interesting question about "the rest"

yeah along these lines

whaddup

and then we expand from there

is to make sure that the people who do the day to day important work (e.g. development) are paid

the big question, risk post decentralization

lol

yes

mostly we should aim to fail test #4 it is the most powerful one to fail The **Howey Test** is the U.S. legal standard for determining whether a transaction qualifies as an **“investment contract”**—and therefore a **security**—under federal law. It comes from the 1946 Supreme Court case *SEC v. W.J. Howey Co.* A transaction is an investment contract if it meets **all four prongs**: 1. **Investment of money** — participants contribute capital or something of value. 2. **In a common enterprise** — their fortunes are linked, either horizontally (with other investors) or vertically (with the promoter). 3. **With an expectation of profit** — investors expect returns. 4. **To be derived from the efforts of others** — profits depend primarily on the managerial or entrepreneurial work of someone else, not the investor. If all four criteria are satisfied, the offering is a security subject to SEC regulation. The test is deliberately broad: courts look at the **economic reality** rather than the label. It’s the framework the SEC applies to digital assets, token offerings, and other modern instruments when deciding if they fall under securities law.

there is no real basis for it to be a security

once the company is out of the way

i think it is doable

i would not worry about the haters

more ambitious things

we should just do things

but this is inevitable

and you can explain until I am blue in the face

etc etc

it is a cabal

why does xyz get 10M TDH votes and I only get 10

that this is going to be read that way

it is inevitable

ok well maybe

i think we can do it without creating a security

no, not on holidays; just has been very busy I think. i will ping him

no, this should happend deecentralized by ultimately the entity not having a privileged role

we start there

this is the theory

this is the beginning

good question - i definitely promised and need to write a network state thread

so it never ends

optimal changes

and also as the app changes

i mean 'getting something launched' and 'getting something optimized' are different things

yeah

shame we will all go to jail though for stealing the tweet

nothing new under the software development sun on this topic

the classic situation

so it is the perpetual battle between paying down tech debt and doing new things