Teleo Pipeline dffff37c1b theseus: rename futarchy claim from defenders to arbitrageurs ... - What: Renamed claim title and all references from "defenders" to "arbitrageurs" - Why: The mechanism works through self-interested profit-seeking, not altruistic defense. Arbitrageurs correct price distortions because it is profitable, requiring no intentional defense. - Scope: 2 claim files renamed, 87 files updated across domains, core, maps, agents, entities, sources - Cascade test: foundational claim with 70+ downstream references Pentagon-Agent: Theseus <A7E04531-985A-4DA2-B8E7-6479A13513E8>		2026-04-04 16:17:54 +00:00
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AI autonomously managing investment capital is regulatory terra incognita because the SEC framework assumes human-controlled registered entities deploy AI as tools.md
companies receiving Living Capital investment get one investor on their cap table because the AI agent is the entity not the token holders behind it.md
expert staking in Living Capital uses Numerai-style bounded burns for performance and escalating dispute bonds for fraud creating accountability without deterring participation.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
futarchy-governed entities are structurally not securities because prediction market participation replaces the concentrated promoter effort that the Howey test requires.md
giving away the intelligence layer to capture value on capital flow is the business model because domain expertise is the distribution mechanism not the revenue source.md	rio: Aschenbrenner extraction — 3 standalone claims + 2 enrichments + 1 archive (#40)	2026-03-06 09:37:06 -07:00
impact investing is a 1.57 trillion dollar market with a structural trust gap where 92 percent of investors cite fragmented measurement and 19.6 billion fled US ESG funds in 2024.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
Living Agents are domain-expert investment entities where collective intelligence provides the analysis futarchy provides the governance and tokens provide permissionless access to private deal flow.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
living agents that earn revenue share across their portfolio can become more valuable than any single portfolio company because the agent aggregates returns while companies capture only their own.md
Living Capital fee revenue splits 50 percent to agents as value creators with LivingIP and metaDAO each taking 23.5 percent as co-equal infrastructure and 3 percent to legal infrastructure.md
Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md
Living Capital vehicles are agentically managed SPACs with flexible structures that marshal capital toward mission-aligned investments and unwind when purpose is fulfilled.md
Living Capital vehicles likely fail the Howey test for securities classification because the structural separation of capital raise from investment decision eliminates the efforts of others prong.md
Living Capital vehicles pair Living Agent domain expertise with futarchy-governed investment to direct capital toward crucial innovations.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle.md
the DAO Reports rejection of voting as active management is the central legal hurdle for futarchy because prediction market trading must prove fundamentally more meaningful than token voting.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00
token economics replacing management fees and carried interest creates natural meritocracy in investment governance.md	theseus: rename futarchy claim from defenders to arbitrageurs	2026-04-04 16:17:54 +00:00