We started by investigating why Claude chose to blackmail. We believe the original source of the behavior was internet text that portrays AI as evil and interested in self-preservation.
Our post-training at the time wasn’t making it worse—but it also wasn’t making it better.
<Kitsch Cats>
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MAS introduced new requirements for Digital Payment Token (DPT) service providers to safekeep customer assets under a statutory trust and issued a consultation paper proposing requirements for DPT service providers to address unfair trading practices.
https://t.co/AoEGvL4OQK
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
.@circle’s $USDC stablecoin has seen about $1 billion in redemptions since the Friday morning shutdown of @SVB_Financial, one of the banks that holds the stablecoin’s cash reserves, @nansen_ai data shows.
@sndr_krisztian reports
https://t.co/60nIuHKdyl
Today, there are only two places where the governments are (a) more trusted than any business and (b) capable of attracting investors from around the world.
Singapore and the UAE.
MAS frames this as a caution against dealing in crypto. It would be nice if they also flag that regulation cannot prevent fraud, mismanagement or poor internal controls in any company - this caused FTX's failure
https://t.co/styqQI6C2a
Web3 Foundation announces @Polkadot's native token DOT has morphed and is software, not a security!
After 3 years of proactive engagement with the @SECGov, W3F announces a landmark step towards the achievement of Web 3.0, a decentralized, trustless, serverless internet.
Huobi Global [https://t.co/la9Y3ntGuq]
has been added to the SC’s Investor Alert List for operating a digital asset exchange (DAX) in Malaysia without being registered with the SC.
Cost is an obvious concern so projects should ask their lawyers what to prioritise from the start. Experienced counsel know what to do and when to do it.
#Cryptolaw#regulations
#Web3 players know about reg uncertainty in the space. Yet many founders do not prioritise seeking #legal advice and investors don't bother asking the difficult questions. Things blow up and regulators swoop in. Everyone gets worried and complains...
Web3 presents a powerful opportunity for user communities to transform into creators and stakeholders. Govts should focus on promoting experimentation, not label crypto as something to be avoided
Not a bailout. Distressed companies are subject to m&a all the time. Also, this is done using private money, not taxpayers. Don't see what's the problem
https://t.co/DWKoF1uz4H