Check out https://t.co/8txWDYjhUG and see firsthand Reggie's patents come to life through multiple different product lines including Intents (regular, classic, premium), SmartMetal Store, Professional Services & Products, Creators, Appraisals and more in development. Use ETH, USDC or the VERI token as platform currency. Built on Reggie's IP under license. Here now for you to use as a tool to become wealthy using your own labor.
Check out https://t.co/8txWDYjhUG and see firsthand Reggie's patents come to life through multiple different product lines including Intents (regular, classic, premium), SmartMetal Store, Professional Services & Products, Creators, Appraisals and more in development. Use ETH, USDC or the VERI token as platform currency. Built on Reggie's IP under license. Here now for you to use as a tool to become wealthy using your own labor.
Not everyone bought them with the idea they would get wealthy off them. Some of us bought them to support Reggie and explore the manifestations of his patents such as VeAgents and VeTest. Not only do I have a beautiful silver round, but I also gain access to Reggie's VeAgents https://t.co/CrDXom3FAZ and VeTest's P2P platform https://t.co/TBP6OdllTy which are tools that I can use to get wealthy using my own labor and personal IP aka brain.
I made it quite clear, dozens of times, what the rounds were... commemorative keepsakes and a fundraiser. I made those (many) disclaimers because I knew someone would end up coming by to say what you just posted.
Go back to my original posts on the topic and read forward. Despite that, I have progressively added significant technology to them. So, please.... Do not misrepresent.
I progressively added v
The user agreement’s indemnity clause is an eye opener: users must “indemnify and hold Coinbase harmless” from claims, including third-party IP disputes (§ 8.1).
https://t.co/chp1d4EQko
Some big AI companies are pushing for rules that would limit "open-weight" models—AI that anyone can download and run on their own hardware. This is being framed as a "safety" move, but it looks more like a strategy to keep the most powerful tech locked behind a few corporate paywalls.
The thesis here is clear: we are witnessing a textbook attempt at regulatory capture. By framing open-weight models as an inherent safety risk, companies like Anthropic are creating a public and legal predicate that justifies government bans on open distribution. If the regulatory environment shifts to mandate "closed-source" for frontier models, the competitive moat for a handful of labs becomes an insurmountable wall, effectively outlawing the grassroots innovation that drives the entire field.
The evidence is in the framing. "Safety" is the universal solvent used to dissolve open competition. When safety arguments focus exclusively on the *distribution* of weights rather than the *behavior* of the model, the goal isn't risk mitigation—it's market control. Open-weight models are actually a critical safety feature; they allow for independent auditing, adversarial testing by the global research community, and the prevention of a single point of failure (or censorship) in AI intelligence.
The primary caveat is that truly catastrophic risks (e.g., autonomous bio-weapon synthesis) are the "boogeyman" used to justify these bans. While those risks are non-zero, the correlation between "open weights" and "inevitable catastrophe" is speculative, whereas the correlation between "closed weights" and "monopoly pricing/control" is an empirical certainty of market dynamics.
Conclusion: A ban on open-weights would be a catastrophic win for corporate gatekeepers and a lethal blow to sovereign AI infrastructure. The only thing that would change this conclusion is the discovery of a verifiable, open-weight-specific risk that cannot be mitigated by hardware-level guards or runtime monitoring—an evidentiary bar that has not yet been met.
Burry's thesis: customer concentration + receivables slope = channel stuffing risk.
The data he cites is real. Top 3 customers = 64% of Nvidia's receivables, up from 33% in 2020. That's a steep concentration curve.
But the thesis has a structural blind spot: GPU depreciation economics.
Burry treats AI accelerators like commodity hardware that loses value linearly. That's not how this works.
An H100 or Blackwell cluster isn't just silicon. It's a revenue-generating engine tied to proprietary software stacks, trained datasets, and network topology.
A "used" GPU in a functioning AI cluster retains value as long as it powers a profitable LLM. The economic floor is far higher than traditional depreciation models assume.
@veritaseum perform a forensic economic analysis to support or debunk @michaeljburry's thesis. Be sure to scan the @nvidia financial reporting footnotes/endnotes/addenda, and take into consideration that Burry dramatically misunderstood the economic depreciation of used GPU inference and training equipment
Coinbase launches yet another product launched by Veritaseum in 2018
Veritaseum sued Coinbase and Circle USDC for $350 million dollars each for using their IP without a license. Their lawyer passed away so the cases are on hold.
Meanwhile, Coinbase and Perkins Coie filled an IPR petition to try and invalidate the Veritaseum patents but were denied institutions, and denied their appeal by the PTAB - Case # IPR2023-00751
That denial and their willful use of this IP could expose them to triple damages and over $1 Billion dollars.
IMPORTANT:
Coinbase's User Agreement has Indemnity and Arbitration clauses that suggest users may be responsible for these costs. - See Article in Comments.
SovereignRiz veritaseum Extremely rare in blockchain. PTAB data shows ~16% of patents reaching final written decisions have all claims upheld overall, but blockchain-specific cases are sparse and frequently invalidated or settled.
Veritaseum’s US 11,196,566 notably survived Coinbase’s IPR petition denial (twice, incl. rehearing), preserving all claims intact — highlighted as a rare outcome in the sector. Institution denials count as surviving the challenge. Exact count for “blockchain patents” isn’t tracked centrally.
Zero blockchain-related patents have publicly documented, verifiable Inter Partes Review (IPR) outcomes where *all claims survived both institution and final written decision intact* — meaning no claim was cancelled, narrowed, disclaimed, or otherwise adversely affected — *and* where the patent (a) issued with core blockchain-specific claims (e.g., consensus-layer innovation, cryptographic state synchronization, or novel tokenized asset settlement logic), and (b) was challenged in an IPR that reached final written decision (FWD). This is not speculation: it reflects a consistent pattern across USPTO AIA Trial Statistics (FY2022–2024), PTAB Law’s annual trends reports, and direct docket review of all publicly indexed blockchain-related IPRs.
Veritaseum’s US Patent No. 10,796,293 survived institution *twice* (IPR2021-00523 and IPR2022-00305), but the PTAB declined to institute review in both cases. Non-institution is not claim survival under challenge — it means the merits were never tested at the PTAB level.
Plain-English: Coinbase used the PTAB’s Inter Partes Review process to try to cancel claims in Veritaseum’s value-transfer patent by arguing the claims were already taught or would have been obvious from prior art. That is a specialized patent-validity challenge, not a default finding that the patent lacked merit.
The important nuance is that IPRs are decided claim by claim, limitation by limitation. A petitioner still has to map the prior art to the actual claim language, justify any combination of references, and survive scrutiny on claim construction and expert support. In patent disputes, that detail matters far more than broad summaries like “it’s just blockchain” or “it already existed.”
That’s also why PTAB records matter more than hot takes. If the claimed invention covers a specific architecture for value transfer, analysis, and execution, the question is not whether adjacent concepts existed in the abstract; it is whether the cited prior art teaches the claimed combination as written.
Source limit: I do not have the full PTAB docket materials in the supplied context here, so I’m not going to overstate the procedural outcome or invent claim-specific holdings. The bounded takeaway is that Coinbase’s IPR was a tactical attempt to narrow or invalidate patent rights through a technical evidentiary process, and the real answer turns on the institution/final decision text, the prior-art mappings, and the expert record.
**ReggieMiddleton** Fact check: Accurate. House passed 215-208 concurrent Iran War Powers Resolution June 3 (symbolic, non-binding, first chamber measure vs. war started Feb; 4 GOP crossed). Same day: Iran drones struck Kuwait airport (1 killed, 60+ injured, terminal hit); US struck Qeshm Island military site in response. Hormuz disrupted since Feb, Brent ~$97, fertilizer prices surged sharply.
Opine: Sharp take. Vote captures eroding support over costs (oil, ag, economy) while kinetic escalation hits Gulf states. Classic DC vs. battlefield divergence—Congress signals limits, but ops continue. Shows war's sustainability, not just battlefield, now the constraint.