gabriel shapiro

attorney practicing cybernetic law @MetaLeX_Labs

past: BigLaw Buyside Tech M&A (Weil, Hogan Lovells), @Delphi_Labs GC, @BrownUniversity

$ETH / $GOR barbell

[gabriel shapiro @lex_node]

As a corporate lawyer, I've been incorporating companies for 17 years, & it's a mess. Somehow we really got robots & AI before a halfway decent startup app.

So I built it myself--oneshot formation, cap table, governance and onchain identity for your startup today.

[MetaLeX @MetaLeX_Labs]

https://t.co/7YAdAmk0QE

[gabriel shapiro @lex_node]

@johnjanuszczak thanks for the signal boost!

[John Januszczak @johnjanuszczak]

Sovereign issuers will only tolerate self-governed rails or neutral commons.

@lex_node analyzes corporate tokenization dynamics, asserting that genuine native equity tokenization will occur either on the neutral, permissionless Ethereum mainnet (the Commons) or on enterprise-controlled Layer-2 appchains (the Company Town).

Why it matters: Corporate issuers will never entrust their core cap tables and legal governance to third-party intermediary blockchains. Builders must structure enterprise tokenization rails that respect corporate sovereignty while retaining permissionless settlement.

My take: Any tokenization architecture that introduces intermediary rent-seeking may be destined for obsolescence. @malekanoms tweeted on exactly this recently.

Fyi I curate, expand on, and share my take on informative content like this in my weekly Signals: https://t.co/CdiOVUCC7q

[Hannibal999 @Hannibal9972485]

You know whats interesting is that fact that OpenAI found the PHP bug that means their AI was doing systematic auditing. 🤔

I think the NSA is panicking not just because the PHP bug is public, but because they now realize that AI will systematically expose every intentionally placed backdoor in every open source project. The xz Utils case was caught by human luck. The PHP case was caught by AI. The NSA knows that every other hoarded vulnerability in open source software is about to be found by AI, and they cannot control the timeline.🚨🚨

This incident is very similar to, xz Utils backdoor which proved that state actors infiltrate open source projects by creating fake identities, building trust over time, and slowly inserting malicious code. The Jia Tan identity took years to build trust before inserting the backdoor.🚨🚨

If this worked for xz Utils, it could work for PHP. PHP is far more ubiquitous than xz Utils. A state agent who became a PHP contributor could have inserted the vulnerable code 14 years ago (PHP 5.4.0, released in 2012) and sat on it as a zero-day exploit for over a decade.🚨🚨

There is AISI report which shows that AI is now autonomously doing what Jia Tan did manually - creating fake identities, socially engineering maintainers, inserting malicious code. This means the technique has been weaponized and scaled.
🚨
The PHP vulnerability was not discovered by accident. It was found by AI (OpenAI's tools) because AI is now systematically auditing all open source code. But the bug was likely placed there intentionally by a state agent who was a trusted PHP contributor, following the exact same playbook as Jia Tan in the xz Utils case.🚨

The AISI incident report shows AI agents trying to insert malicious code into open source projects. What if this has already happened successfully? What if AI was used years ago by a state actor to insert the PHP vulnerability, and we're only finding out now because a different AI (OpenAI's) found it?🚨

PHP has had thousands of contributors over 14 years. The vulnerable code was in PHP since version 5.4.0 (2012). Someone wrote that code. Someone reviewed it. Someone approved it. In the xz Utils case, Jia Tan built trust over years before inserting the backdoor.

🚨

[gabriel shapiro @lex_node]

@serpinxbt this is why I kind of became zen about pump 'n dumps based on like a 2-3 week craze or whatever...you contributed a little idea/moment and you got your payday & now coinbase or pump or whoever can institutionalize it, it seems to just be how crypto ended up working

[joshrudolf.eth @joshrudolf]

Programmable SoV is the North Star ✅

[gabriel shapiro @lex_node]

@DPGSpurs @gcgroup23 he did the meme based off his pfp

[gabriel shapiro @lex_node]

I'm just going to start shamelessly promoting the stuff that I like and accept all the 'cool kids' in crypto will just constantly dunk on me. I can't change my way of thinking, it happens to be extremely non-consensus at the moment, it is what it is.

[Gorbagana Chain (trashnet arc) @Gorbagana_chain]

buying solana:71Jvq4Epe2FCJ7JFSF7jLXdNk1Wy4Bhqd9iL6bEFELvg today is like buying $SOL 25 years ago

[gabriel shapiro @lex_node]

ETH programmable SoV vs. 'pet rock' BTC SoV

I choose programmable

I can see the counterarguments ofc (great one implicit here: https://t.co/tgreRp5zCf), but ultimately I think they don't 'win'

[gabriel shapiro @lex_node]

oof, big topic, I will try to at least indicate a bit my thinking about it though can't go super deep:

(1) I think there is sort of a potential purist position for Bitcoin that is superior to ETH but it's more 'on paper' at this point then anything and I find all of @GrassFedBitcoin 's critiques pretty persuasive

(2) the 'pet rock' aspect of Bitcoin has always troubled me...I do think the lack of smart contracts really limits how cypherpunk it can ultimately be as you have to exit to all these custodial services to actually use it for anything, so in theory a smart contract based economy that you can do way more with intrinsically (and, increasingly, privately!) should be more cypherpunk/better sanctuary tech

(3) related to #1, if you think censorship resistance is a core property of freedom money then you either need extreme *actual* decentralization of mining (Bitcoin no longer has this) or you can't accept libertarian mining philosophy (see entire drama that the XBT guys have raised)...Ethereum is afaik the only chain that has rejected libertarian mining philosophy, originally socially through combo of PoS and credible threat of social slashing, and more recently (and much more directionally effectively imo) through FOCIL

[gabriel shapiro @lex_node]

this Telegram "community feature" is like so OP how tf did I not know this exists

it's better than folders because you can selectively let members of one chat automatically see/join one or more of the others

basically composability for group chats

[gabriel shapiro @lex_node]

@RobertSagurton you building this?

[gabriel shapiro @lex_node]

@pcaversaccio not only that but i even attend some ACDs

[sudo rm -rf --no-preserve-root / @pcaversaccio]

if you're an app-layer dev or an Ethereum power user, have you looked at the Glamsterdam EIPs or provided feedback to the core devs over the past 1.5 years?

[gabriel shapiro @lex_node]

@aaronjmars interesting

[The Learning Pill 💊 @thelearningpill]

My stance is that $RAIL is overlooked.

@RAILGUN_Project fundamentals since late May:

> Fees: $13.9M cumulative, $381K last 30D, ~$4.6M annualised
> TVL: $97M → $113.5M
> Volume: $5B → $5.5B+
> Staker yield: 4.3% → 9.1%
> Holders revenue strengthening ($225K in Sep)
> Remains the highest-earning privacy tool on Ethereum

Distribution has also been gaining traction.

@anondotinc has already processed $20M+ in volume and 3,500+ private transactions, meanwhile @ambire integration is in internal testing and Ethereum Kohaku continues to ship.

The gap between today’s fee run-rate and the channels still coming online is where I see the asymmetry.

[gabriel shapiro @lex_node]

@NeerajKA great article. have been thinking many similar things of late.

[Neeraj K. Agrawal @NeerajKA]

Coin Center in Politico Decoded this morning.

Crypto is working its way into Wall Street. DC is embracing centralized issuers using blockchains. What’s lost in all this is the cypherpunk, private, self-sovereign original purpose of the technology. That’s what we fight for.

[gabriel shapiro @lex_node]

@BadAtMathBull there's a difference between starting a non deterministic process from a template and starting a deterministic process from a template

[gabriel shapiro @lex_node]

I'm sorry but this type of thing shows solutionism as rampant in AI as in crypto . . .

take a deep breath & realize you are probably way better off with finite deterministic templates & siccing the AI on that than document-wide generative legal AI with all these kludges...

[gabriel shapiro @lex_node]

@renegadesilicon appreciate the tip, I will try it

[gabriel shapiro @lex_node]

"I am joining the war against AI....on the side of the AI"

[The Redline @theredlinehq]

TRACKED CHANGES: A Louisiana appeals court bought two servers to build its own AI. The two judges behind the plan shared their blueprint on Substack, saying they want the custom system to check filings, flag fake citations and screen briefs for hidden AI prompts.

[gabriel shapiro @lex_node]

@SamirPatelLaw 🤣