Here is a chatGPT analysis arguing that the "prestocks" offered on Jupiter are simply an 'illusory contract'. Obviously like all ChatGPT legal analysis, take with a huge grain of salt, but in this case I also agree with it This means you are quite literally buying nothing when you buy prestocks--you certainly are not 'getting access to preIPO companies' or anything remotely like that. At most I'd say you're in a looser sense potentially 'buying' a claim to sue the issuer (i.e., the company called 'prestocks' which is issuing these) and others for fraud or breaches of various regulations, but even those claims are not completely clear and are purported to be waived by the terms of service.

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ngl I thought more highly of jupiter than to promote something like this, especially to promote it *in this way*...this does not "get access to pre-IPO companies" in any sense. . . on top of these prestocks being *intrinsically* shady just due to their legal terms, they are also apparently *extrinsically shady* by virtue of who is issuing them...so yeah just a mess all around, avoid!

ngl this fired me up

i found it perplexing wen blockchain people get obsessed with revenue sure if you are building an app, revenue is important but building a chain is about having new / interesting application not only at the moment but in the forseeable future ( that's why we do @0xMegaMafia ) it's really a growth story any chain that focuses on just getting revenue now is prolly "picking up sesame seeds while losing sight of a watermelon"

Where everyone agrees: a boundless Howey doctrine is the necessary ingredient to administrative overreach and caprice, and it is no way to set the table for an innovative market plaec. Where there is disagreement: how to replace that malleable, eye-of-the-beholder, status quo-maxi regime? That two of the major VCs in the space appear to stand athwart each other tells you all you need to know about the status of the discussion. Which way western man: digital commodities or ancillary assets? Gotta figure this out quick, folks. the window is closing.

Lots of questions on the PreStocks product: 1) can we trust PrePo after the 3-4 rebrands and relaunches 2) how happy will be companies with a FROR like Anduril (btw paying a huge premium here, like close to 40-50% compared to the last secondaries and valuations in SPVs and funds) 3) waiting for the first attestation too

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if we have a friendly chat just know it's not because I actually want to talk to you--you owe me an airdrop of your token, and it better be huge!

We've spent the last year building the most equitable launchpad possible using Uniswap v4. We have the most advanced v4 hooks, a team ~15 large that built the largest NFT fractionalization platform NFTX, and haven't slowed down. Slowly but surely, people are realizing what happens when you prioritize value creation over extraction. We take ZERO fees on swaps, compared to the ~.4% average of other platforms. Billions must Flaunch.