🍨 Regulatory Glow-Up, Open-Source Panic, and DeFi’s Final Form
From SEC love letters to America’s AI insecurity complex, plus why Money2 is just code with trust issues.
This Week’s Vibe Check
Welcome back to The Geral, your weekly dispatch from the crypto casino where regulators moonwalk, AI panics in public, and devs quietly build the next financial system in their hoodies. While the SEC did a full 180 on crypto, China kept dunking on America in open-source AI, and your favorite stablecoin just became more stable than your actual bank account. Pour a coffee, verify your contracts, and maybe don't trust anything offering "free ETH withdrawals" at 3 a.m.
☕ Hot Takes Served Cold
🧾 SEC to Crypto: “We Were Just Kidding”
Project Crypto is here, and SEC Chair Paul Atkins just ghosted Gary Gensler’s entire reign like it was a bad ex. The new vibe? Most crypto assets aren’t securities (lol, what crackdown?), DeFi is cool again, and tokenized securities are getting the regulatory hug they never asked for. Also on the menu: “super-apps” doing everything short of your taxes, and ICOs getting safe harbors instead of subpoenas. U.S. leadership in crypto? Back on the map, baby. Wall Street just got a blockchain facelift—and apparently it’s bullish.
Full article
🧠 America Launches “ATOM Bomb” to Catch Up to China’s Open-Source AI Flex
The U.S. is finally waking up from its open-source nap. Meet the ATOM Project—America’s last-ditch effort to stay relevant in the AI race before China drops its next free supermodel (the machine kind). With zero major U.S. open-source AI releases in months (China: four in July alone), tech bros and policy wonks are now begging for 10,000 GPUs and $100M to build something—anything—open and competitive. Even OpenAI’s peeking out of its walled garden (maybe). If ATOM flops, just start calling ChatGPT “Chairman GPT.”
Full article
🧾 Money2: Because Trusting Code > Trusting Banks
Forget the AI hype and NFT circus—Michael Egorov says the real revolution is called Money2: a no-middlemen, code-runs-everything financial future powered by DeFi and stablecoins. The pitch? Kill off fragile trust in institutions and replace it with unbreakable smart contracts that won’t freeze your account mid-transaction. With over 160 million stablecoin holders, the movement’s already bigger than JPMorgan’s user base—yet UX nightmares and regulatory spaghetti still gatekeep the masses. Tl;dr: The future of money is boring, stable, and written in Solidity.
Full article
🧑💻 What’s New for Developers
Looking to write code and get paid? Say hello to the GoodDollar Reward Program, now live in Scout Game. If you’re a dev with a pulse and a GitHub, you can earn $50 to $450 in G$ tokens just for contributing to GoodDollar repos. What’s the catch? There isn’t one, just clean code and a touch of UBI idealism.
GoodDollar is that rare DeFi unicorn: a decentralized protocol aiming to deliver actual universal basic income. Anyone can claim daily G$ by verifying through their app. No KYC, no gatekeeping, just crypto-for-the-people energy.
Their ecosystem is growing, the bounties are flowing, and every week Scout Game is seeing more devs stack rewards for pushing PRs. If you want to build for a better world (and snag some tokens doing it), start with GoodDollar.
😡 Nobody Wants Your Startup Idea… Good
In MadFounder #005, the myth of the “brilliant idea” gets torched. Clutching your startup concept like it’s nuclear launch code? That’s not stealth—it’s fear in a Patagonia vest. Execution is the only alpha. This manifesto lays it out: build in public, get punched in the face by feedback, and stop acting like someone’s going to steal your napkin sketch. (Spoiler: no one cares. They're busy ignoring their own bad ideas.)
Read the full issue
🧩 Geral’s Brainteaser
Last Week’s:
You and a friend are racing for the last mint. Identical gas, same chain, different nonces. Who gets it and why?
Answer: Whoever has the lower nonce wins. The EVM only processes your next transaction if your previous one is mined. So the wallet with a clean queue (lower nonce) wins the race.
This Week’s:
You discover a smart contract that lets you withdraw more ETH than you deposit. It’s public, unaudited, and live. What’s your next move?
Think fast. Code can be bait.
👋 Until next time…
Keep your wallet hot, your contracts audited, and your memes dank. The Geral never sleeps—he just gets upgraded.