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@m-j-r.eth
our ability to invest in aggregate depends on information, if it's genuinely intended to translate into innovative gains in productivity. I'm sure that there will be rising demand for investment copilots that help with cogsec & due diligence. without some form of self-regulation, it devolves into the house winning.
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@m-j-r.eth
one facet of investable capital that the Howey test absolutely doesn't address is the the non-zero value of human capital in terms of time and engagement. because it's explicit in terms of money, there's all sorts of applications with ToS that effectively dump on their userbase.
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