GENIUS Act is a done deal. ChatGPT confirmed most of my suspicions. I expect it to actually kill crypto innovation as it forces most crypto into a Federal regulatory framework, tying alternative systems to a sinking ship.

I'd already maxxed out my efforts on Gold Token project anyway; a final mailing this month, then shift to SAGE proposal, I might do mailings for the 2026 legislative sessions if I see likely legislation.

Chat's reply to my change:

There State-specific exemptions which seem like another hurdle. And honestly, a Federal behemoth drowning in $37 trillion of debt is somehow more trustworthy than a solvent State government?

I kind of doubt it.
Tragedy of the Commons.
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Oh, well, I did my best. Gold Token was interesting, low stress, two years free of mediocre, scheming managers, deceptive, bumbling Indians and resentful, paranoid geeks. And the final outcome was still the same as my last four projects.
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And I have two decent spinoffs, ChatGPT calculated I could get SAGE marketable in 80-100 work hours.

Dalio - “Go Broke”
Ray Dalio, “How Countries Go Broke”
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