Evgen Verzunš”ļø
San Francisco, California, United States
8K followers
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I spent the last 20 years constantly collaborating with tech-savvy professionalsā¦
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Articles by Evgen
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Why Nobody Really Wants #Bitcoin at $100,000
Why Nobody Really Wants #Bitcoin at $100,000
$Bitcoin at $100,000 might sound like a dream for crypto enthusiasts, but in reality, such a milestone could bringā¦
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How a Calculator and a VW Bus Launched Apple
How a Calculator and a VW Bus Launched Apple
At age 21, Jobs sold his Volkswagen bus for $1,500, while Wozniak sold his Hewlett-Packard calculator for $500ā¦
1 Comment -
Understanding Ethereum's Future: Breaking Down Vitalik Buterin's Roadmap
Understanding Ethereum's Future: Breaking Down Vitalik Buterin's Roadmap
Hey there! I just read Vitalik Buterin's latest series of articles on Ethereum's roadmap, and I'm here to break it downā¦
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Too Old for a Startup? Think Again.
Too Old for a Startup? Think Again.
People seem to worship the myth of the prodigyāthe 22-year-old in a hoodie who changes the world between collegeā¦
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What information should I keep private?
What information should I keep private?
After spending years in cybersecurity, I've had the distinct pleasure of being asked repeatedly, "What informationā¦
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AI Bots, Memecoins, and the Rise of GOAT: How Crypto is Getting a Dose of āMeme Magicā
AI Bots, Memecoins, and the Rise of GOAT: How Crypto is Getting a Dose of āMeme Magicā
How a New Breed of AI Bots is Supercharging Memecoins The crypto landscape is constantly evolving, but AI-driven botsā¦
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From Email to Empire: How YouTubeās Bold Vision Became a Reality
From Email to Empire: How YouTubeās Bold Vision Became a Reality
In 2005, YouTube co-founder Jawed Karim sent an email that would set the stage for one of the biggest platforms inā¦
2 Comments -
Ethereum at Its Lowest Against Bitcoin Since 2021: What Does It Mean?
Ethereum at Its Lowest Against Bitcoin Since 2021: What Does It Mean?
Ethereum (ETH) has recently reached its lowest level against Bitcoin (BTC) since April 2021. This development hasā¦
Activity
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Todayās crypto market proves an important point: #Bitcoin staying just under $100K and moving slowly is actually better for #altcoinsš When Bitcoinā¦
Todayās crypto market proves an important point: #Bitcoin staying just under $100K and moving slowly is actually better for #altcoinsš When Bitcoinā¦
Posted by Evgen Verzunš”ļø
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Why Bitcoin at $100K Could Crash the Party for Altcoins? Tomorrow, I'll publish the full article, but to answer all your questions, let me explainā¦
Why Bitcoin at $100K Could Crash the Party for Altcoins? Tomorrow, I'll publish the full article, but to answer all your questions, let me explainā¦
Posted by Evgen Verzunš”ļø
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You can endlessly watch three things: how water flowsš how fire burnsš„ and how #Bitcoin grows š
You can endlessly watch three things: how water flowsš how fire burnsš„ and how #Bitcoin grows š
Shared by Evgen Verzunš”ļø
Patents
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Decentralized cybersecure privacy network for cloud communication, computing and global e-commerce
Issued US 11277390B2
Decentralized cybersecure privacy network for cloud communication, computing and global e-commerce
Abstract
Software installed in the nodes in a communication network allows them to perform a āname serverā function, which entails the management of a dynamic list of the client devices that are connected to the cloud, a ātaskā function, which entails the receipt and transmission of the packets, and an āauthorityā function, which entails the determination of the routes of the packetsā¦Decentralized cybersecure privacy network for cloud communication, computing and global e-commerce
Abstract
Software installed in the nodes in a communication network allows them to perform a āname serverā function, which entails the management of a dynamic list of the client devices that are connected to the cloud, a ātaskā function, which entails the receipt and transmission of the packets, and an āauthorityā function, which entails the determination of the routes of the packets through the cloud. Each node is capable of performing only one function at a time. After completing a job, a node reverts to an undifferentiated, state awaiting its next performance request.Other inventors -
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Decentralized cybersecure privacy network for cloud communication and global e-commerce
Issued WO2020014399A1
See patentDecentralized cybersecure privacy network for cloud communication and global e-commerce
Abstract
Software installed in the nodes in a communication network allows them to perform a ''name server'' function, which entails the management of a dynamic list of the client devices that are connected to the cloud, a ''task'' function, which entails the receipt and transmission of the packets, and an ''authority'' function, which entails the determination of the routes of the packets through theā¦Decentralized cybersecure privacy network for cloud communication and global e-commerce
Abstract
Software installed in the nodes in a communication network allows them to perform a ''name server'' function, which entails the management of a dynamic list of the client devices that are connected to the cloud, a ''task'' function, which entails the receipt and transmission of the packets, and an ''authority'' function, which entails the determination of the routes of the packets through the cloud. Each node is capable of performing only one function at a time. After completing a job, a node reverts to an undifferentiated, state awaiting its next performance request.
DECENTRALIZED CYBERSECURE PRIVACY NETWORK FOR CLOUD
COMMUNICATION AND GLOBAL E-COMMERCE
CROSS-REFERENCE TO RELATED APPLICATIONS
This application claims the priority of U.S. Provisional Application No.
62/696,160, filed July 10, 2018.
This application is a continuation-in-part of U.S. Application No. 15/946,863, filed April 6, 2018, which is a division of U.S. Application No. 14/803,869, filed July 20, 2015, now U.S. Patent No. 9,998,434, issued June 12, 2018, which claimed the priority of U.S. Provisional Application No. 62/107,650, filed January 26, 2015.
This application is also a continuation-in-part of U.S. Application No.
15/943,418, filed April 2, 2018, which is a continuation-in-part of the above-referenced U.S. Application No. 14/803,869, filed July 20, 2015, now U.S. Patent No. 9,998,434, issued June 12, 2018, and which claimed the priority of U.S. Provisional Application No. 62/480,696, filed April 3, 2017. -
METHODS AND APPARATUS FOR HYPERSECURE LAST MILE COMMUNICATION
Filed
(EN) A variety of techniques for concealing the content of a communication between a client device, such as a cell phone or laptop, and a network or cloud of media nodes are disclosed. Among the techniques are routing data packets in the communication to different gateway nodes in the cloud, sending the packets over different physical media, such as an Ethernet cable or WiFi channel, and disguising the packets by giving them different source addressees. Also disclosed are a technique for mutingā¦
(EN) A variety of techniques for concealing the content of a communication between a client device, such as a cell phone or laptop, and a network or cloud of media nodes are disclosed. Among the techniques are routing data packets in the communication to different gateway nodes in the cloud, sending the packets over different physical media, such as an Ethernet cable or WiFi channel, and disguising the packets by giving them different source addressees. Also disclosed are a technique for muting certain participants in a conference call and a highly secure method of storing data files.
(FR) La prĆ©sente invention concerne diffĆ©rentes techniques pour dissimuler le contenu dāune communication entre un dispositif client, tel quāun tĆ©lĆ©phone cellulaire ou un ordinateur portable, et un rĆ©seau ou un cloud de nÅuds multimĆ©dias. Les techniques comprennent lāacheminement de paquets de donnĆ©es de routage dans la communication vers diffĆ©rents nÅuds de passerelle dans le cloud, lāenvoi des paquets sur diffĆ©rents supports physiques, tels quāun cĆ¢ble Ethernet ou un canal WiFi, et la dissimulation des paquets en leur donnant diffĆ©rentes adresses de source. Lāinvention concerne en outre une technique de blocage de certains participants dans un appel de confĆ©rence et un procĆ©dĆ© hautement sĆ©curisĆ© de stockage de fichiers de donnĆ©es.Other inventors -
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å®å ØåØęéč®Æē½ē»ååå®
Issued
Other inventors -
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ė³“ģ ėģ ķµģ ė¤ķøģķ¬ ė° ķė”ķ ģ½
Issued
ėģ§ķø ė°ģ“ķ°ģ ķØķ·ģ ģ ģ”ķźø° ģķ ė³“ģ ķ“ė¼ģ°ėģģ, ģźø° ķØķ·ģ ģ“ė¤ģ“ ķ“ė¼ģ°ėģ ėÆøėģ“ ė øėė„¼ ķµź³¼ķ ė ė°ė³µģ ģ¼ė” ģ¤ķ¬ėØėøėź³ (ģ¦, ź·ø ė°ģ“ķ° ģøź·øėؼķøź° ģ¬ģ§ģ ėź³ ) ź·ø ķ ģøģ¤ķ¬ėØėøėė©°, ė¶ķ ėź³ , ź·ø ķ ķ¼ķ©ėė©°, ė°/ėė ģķøķėź³ , ź·ø ķ ķ“ė ėė¤.
ģźø° ķØķ·ģ ģ¤ķ¬ėØėøė§ķź³ , ė¶ķ ķź³ , ķ¼ķ©ķź³ , ė° ģķøķķė ė° ģ¬ģ©ėė ė°©ė²ģ ģź°ź³¼ ź°ģ ģķģ ė°ė¼ ė³ķė ģ ģģ¼ė©°, ģ“ģ ė°ė¼ ķ“ģ»¤ź° ķØķ·ģ ėØķøė§ ė³¼ ģ ģė¤ė ģ ģ ź³ ė ¤ķė©“ ģ¬ģ¤ģ ķ“ģ»¤ģ ėģģ ė¶ź°ė„ķź² ķė©°, ė°ģ“ķ°ė„¼ ģģ„ķė ė° ģ¬ģ©ė ė°©ė²ģ ėģģģ“ ė³ķź³ ģė¤.Other inventors -
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(EN) SECURE DYNAMIC COMMUNICATION NETWORK AND PROTOCOL (FR) RĆSEAU ET PROTOCOLE DE COMMUNICATION DYNAMIQUE SĆCURISĆE
Issued
Abstract:
(EN)In a secure cloud for transmitting packets of digital data, the packets may be repeatedly scrambled (i.e., their data segments reordered) and then unscrambled, split and then mixed, and/or encrypted and then decrypted as they pass through media nodes in the cloud. The methods used to scramble, split, mix and encrypt the packets may be varied in accordance with a state such as time, thereby making the task of a hacker virtually impossible inasmuch as he or she may be viewingā¦Abstract:
(EN)In a secure cloud for transmitting packets of digital data, the packets may be repeatedly scrambled (i.e., their data segments reordered) and then unscrambled, split and then mixed, and/or encrypted and then decrypted as they pass through media nodes in the cloud. The methods used to scramble, split, mix and encrypt the packets may be varied in accordance with a state such as time, thereby making the task of a hacker virtually impossible inasmuch as he or she may be viewing only a fragment of a packet and the methods used to disguise the data are constantly changing.
(FR)Dans un nuage informatique sĆ©curisĆ© pour transmettre des paquets de donnĆ©es numĆ©riques, les paquets peuvent ĆŖtre embrouillĆ©s Ć maintes reprises (c'est-Ć -dire, leurs segments de donnĆ©es sont remis dans un ordre diffĆ©rent) et ensuite dĆ©sembrouillĆ©s, sĆ©parĆ©s et ensuite mixĆ©s, et/ou chiffrĆ©s et ensuite dĆ©chiffrĆ©s et ensuite chiffrĆ©s lorsqu'ils traversent des nÅuds de support dans le nuage informatique.
Designated States: AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JP, KE, KG, KN, KP, KR, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW.
African Regional Intellectual Property Organization (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, UG, ZM, ZW)
Eurasian Patent Organization (AM, AZ, BY, KG, KZ, RU, TJ, TM)
European Patent Office (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR)
African Intellectual Property Organization (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG).Other inventors -
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Secure Dynamic Communication Network And Protocol
Issued
In a secure cloud for transmitting packets of digital data, the packets may be repeatedly scrambled (i.e., their data segments reordered) and then unscrambled, split and then mixed, and/or encrypted and then decrypted as they pass through media nodes in the cloud. The methods used to scramble, split, mix and encrypt the packets may be varied in accordance with a state such as time, thereby making the task of a hacker virtually impossible inasmuch as he or she may be viewing only a fragment of aā¦
In a secure cloud for transmitting packets of digital data, the packets may be repeatedly scrambled (i.e., their data segments reordered) and then unscrambled, split and then mixed, and/or encrypted and then decrypted as they pass through media nodes in the cloud. The methods used to scramble, split, mix and encrypt the packets may be varied in accordance with a state such as time, thereby making the task of a hacker virtually impossible inasmuch as he or she may be viewing only a fragment of a packet and the methods used to disguise the data are constantly changing.
Other inventors -
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Advanced Transactional Protocol and Ecosystem for Smart Contract Authoring and Deployment
Filed WO2022212801A2
A method of automated smart contract authoring and token generation
for a multi-tranche fungible or non-fungible token offering comprising the steps:
Compiling the offering tokenomics stipulating the price, quantity, availability, and timing of
token released in each tranche of the offering;
Compiling a network protocol library containing the token and smart contract specifications for
one or more blockchain networks including the programming language and theā¦A method of automated smart contract authoring and token generation
for a multi-tranche fungible or non-fungible token offering comprising the steps:
Compiling the offering tokenomics stipulating the price, quantity, availability, and timing of
token released in each tranche of the offering;
Compiling a network protocol library containing the token and smart contract specifications for
one or more blockchain networks including the programming language and the defined
variables for the token type to be generated;
Submitting blockchain protocols selected from the network protocol library along with the
offering tokenomics as inputs to a smart contract authoring bot program;
Executing the smart contract authoring bot program to produce one or more decentralized
application programs comprising a smart contract dApp for generating the new token offering
on one or more blockchain networks, where each blockchain network requires its own unique
smart contract dApp;
Checking the integrity of all of the bot authored smart contract dApps for accuracy or software
bugs;
Executing each bot smart contract dApp by uploading and registering it on its respective
blockchain, where the process of executing the smart contract dApp requires transactional
validation by a jury of peers in accordance with the operation of the blockchainās virtual
machine, and where participating jurors are remunerated by gas fees paid in cryptocurrency
specific to the blockchainās operation;
Where the generated tokens are either retained as an undistributed digital asset within the
smart contract dApp or alternatively transferred in total or in part to one or more digital
wallets or DeFi pools;
Courses
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MBA
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Projects
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QGlobe Games
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Bullieverse
- Present
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HOFA Gallery
- Present
House of Fine Art - HOFA Gallery represents an exclusive portfolio of leading international contemporary artists across its locations in London, Los Angeles, and Mykonos.
Their program consists of leading original works of art featuring a multitude of genres with a focus on unique, distinctive and rare artworks of appreciative value, showcased in monthly exhibitions and documentaries. -
Scotty Beam
- Present
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CyberWallet
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HyperID
Founded by a team of cybersecurity experts with 15 years of experience developing software security solutions for mission-critical real-time telecommunications systems, HyperID is part of the HyperSphere decentralized trust ecosystem.
Operating in information security, we learned that the challenges faced in these areas resemble those of the crypto industry. To address these concerns, we embarked on a journey to bring a professional approach to data and privacy protection to theā¦Founded by a team of cybersecurity experts with 15 years of experience developing software security solutions for mission-critical real-time telecommunications systems, HyperID is part of the HyperSphere decentralized trust ecosystem.
Operating in information security, we learned that the challenges faced in these areas resemble those of the crypto industry. To address these concerns, we embarked on a journey to bring a professional approach to data and privacy protection to the blockchain community, leveraging cutting-edge cryptographic practices.
Over the past 5 years, the team has developed a fully operational automated service platform to manage and secure crypto token launches, successfully issued tokens for several high-profile projects, and developed secure transaction technologies for blockchain applications.
HyperID's mission is to help organizations and their users seamlessly transit to the world of secure, decentralized digital identity and drive the rapid and limitless potential of blockchain technology.
Languages
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English
Professional working proficiency
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Ukrainian
Native or bilingual proficiency
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Russian
Native or bilingual proficiency
Recommendations received
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āThank you for your kindness and patience while we resolved the issue. Your understanding and positive attitude made a big difference, and it means aā¦
āThank you for your kindness and patience while we resolved the issue. Your understanding and positive attitude made a big difference, and it means aā¦
Posted by Evgen Verzunš”ļø
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Understanding how different age groups engage with content is essential for effective communication. Each generation has its preferred formats: -ā¦
Understanding how different age groups engage with content is essential for effective communication. Each generation has its preferred formats: -ā¦
Shared by Evgen Verzunš”ļø
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1983 Microsoft + Apple was the best friends!
1983 Microsoft + Apple was the best friends!
Shared by Evgen Verzunš”ļø
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Mark Jeffrey
Bittensor TAO is probably the most interesting thing in BOTH crypto and AI afoot right now. The coin nearly doubled in value last week: Bitcoin economics + open AI subnetworks = 'actual' OpenAI -- the 'Linux' of the space. Now ReadyAI -- a subnet -- is attacking Scale.AI and making dents already. I'll be interviewing the CEO on Hash Rate next week.
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Auctoria Private Equity LP
Guide on security evaluation of the Defi protocols for newbee. ***Part 1/5*** In this guide, we introduce newcomers to #DeFi to our approach to evaluating the security of DeFi #smartcontracts. Given the highly practical nature of this approach and certain aspects of the programming languages used in writing smart contracts that preclude strict mathematical assertions regarding security, we refer to our approach as "statistical-empirical," emphasizing its maximum utility. Letās start with the most basic concepts. The basic security of a DeFi protocol, viewed as a set of functioning smart contracts, is determined by the security of their programming code. In this guide, we will not consider UI-level attack vectors such as website spoofing (DNS theft) and others. Instead we will focus exclusively on the code and the capabilities it creates, which hackers can exploit or their absence, which is the desired result for us. Strictly speaking, given that Solidity and most other programming languages are Turing-complete, the number of potential operations of the code they create is not computable. This circumstance imposes clear limitations on our ability to classify code as strictly secure (as we cannot mathematically prove the absence of functional behaviors that would lead to security incidents). Therefore, under certain conditions, we will refer to code as conditionally secure. We will discuss the types of conditions that may qualify as such in a subsequent paragraph. Folks, we fully understand that most of you are already tired after reading the first paragraph, while others have gone to recall the basics of computability theory. Nevertheless, we will make one more brief digression to underscore the necessity of understanding the code.It is important to understand that neither the amount of capital placed (TVL) nor the presence of audits from the best teams provide any significant level of security. We explain here, why. Purely empirically, security incidents involving smart contract code have been recorded in projects with TVLs ranging from zero to $650 million. It is also possible to cite examples from almost any auditing company where not all errors were noticed and accounted for, resulting in security incidents in the most seriously audited protocols. Moreover, we must realize that any audit is essentially an auditor's acknowledgment of the following: "As a result of applying our methodology for analyzing the security of smart contracts, we were fortunate to find certain errors/deficiencies, and the project team corrected (or even did not correct) these errors. Why is this the case? No auditor will ever claim that the list of errors they found is exhaustive or that the protocol is secure. For those wishing to verify this, we refer you to read the reports of the most well-known protocols. ***To be continued...
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Dr. Sergey Glukhota
Q: What will happen with $YAR after TGE? Can YAR be dumped? A: The maximum sum of circulated $YAR on TGE is 1 million tokens. It's highly unlikely that this sum will enter the market. This is possible only if all investors prefer the Cliff+Vesting model over Node #Staking with 65% APY in $YAR. The latter option seems unreasonable. Part of the 1 million tokens will be bought by YAR DAO itself to record these coins in chain pools. When a chain is added, an internal trading pair is created for YAR, like ETH/YAR and MATIC/YAR. This determines the cost of the transaction in the destination #blockchain. At the start, approximately 180 chains will be announced for support, and about 70 more will be added within another month. This totals to 250 chains. Even if we create a pool of 1000YAR in each (the pool will be bigger for popular blockchains and smaller for unpopular ones), 250k coins will practically leave the market forever, and 750k will remain in free circulation. The remaining coins will be bought by dApps that need a free #crosschain (100k YAR - one dApp), validators who do not have enough coins for one more node (50k - one node, staking for two years), and so on. There won't be many free coins left on the market, even though there is liquidity for a total drain that exceeds the circulating supply several times. Therefore, the selling pressure is minimal. Also, the $YAR price is supported by a pool of 250 coins. In conclusion, the likelihood of a YAR dump is almost negligible. https://lnkd.in/dRShxCqj
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Nicolin Decker
Decentralized Autonomous Organization, or DAO, is changing how we think about governance and management. Instead of having a top-down structure with centralized control, DAOs use blockchain technology to give every member a voice and a vote. This means more transparency, more community involvement, and a whole new way of making decisions. DAOs represent an exciting shift towards decentralized governance, but they come with their own set of challenges. Learn more: #DAO #Decentralization
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John Davison
This week, I watched the recent 20VC interview with Sam Altman & Brad Lightcap of OpenAI. For people curious about Ai, there exists no better way to learn about the industry than to watch video of leadership, watch their non-verbals, think about the implications of their words, dissect their business goals. Some interesting bullet points that I took away from this interview; - Enterprise adoption of ChatGPT/OpenAI tools will be faster than expected - There exists a mindset that AI/LLM models will or will not get better, many startups seem to be in the āwill not get betterā camp - The wrong way to think about GPT usage in enterprise space is to focus on a specific business metric and say āwe will only use GPT if we believe we can increase or decrease this metricā - At inception, OpenAI leadership kept working on their stack because 1. it seemed like if they were successful it would be massively impactful and 2. they continued to make encouraging progress - They thought they would originally use AI tools for robotics and white collar task work and the current dominant use area tends to be more creative. - Sam Altman projects the vision that he is working towards a future that is āA world of abundanceā My personal take on some of these bullet points, GPTs are deeply creative and flaws are a part of creativity, encourage your teams to embrace creativity and the flaws, using AI tools will shift the nature of work from doing, to sensing, observing, organizing, sequencing, arranging and calibrating, everyone's work will shift away from work to arranging work to be done. As related to āAi models will or will not get betterā ask yourself, did you predict that ChatGPT would come to exist or would be this useful/interesting? Pretty much no one did, not even Sam Altman, assuming the models wonāt get better just seems weird given how little most people tend to know about what is possible and the quality of talent working on these problems. As related to āa world of abundanceā Iām deeply skeptical of the counter-signaling that comes from San Francisco and Iām not even sure that abundant resource would be good for humanity, I do think that the focus on āas long as we create value in excess of cost AI will be worth itā is a good north star. Will OpenAI maintain dominance of the GPTs, generally I think is not useful to think about, competition among the players will benefit everyone, find the things that matter to your mission and form some deep feedback loops, the rest doesn't really matter. 20VC is an incredible platform for learning about the thinking, behavior and strategies of top global operators. I would rate myself as highly supportive of using OpenAi tooling for all manner of creative and product engineering work. https://lnkd.in/g3aD4rVj
1 Comment -
šøSteven Joseph
Why will bitcoin be the only currency in the post nuclear fallout world ? #NuclearFallout #VaultTec #BitcoinTec #Fallout #NuclearWar Bitcoin's potential as the only currency in a post-nuclear fallout world can be attributed to its unique properties, resilience, and independence from centralized systems. Here are key reasons why this might hold true https://lnkd.in/gtWW_HEV
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Arturas Svirskis
The implementation of CBDCs is a highly questionable idea. š¤ Isn't it ? I've talked to policymakers, bankers, crypto and blockchain experts, tech executives and I'm more than certain CBDCs are a bad idea. Here are main reasons why: 1. Centralization vs. Decentralization: CBDCs are controlled by the government. Crypto is built on being decentralized. Moving control to private banks and government defeats the whole purpose of crypto. š>šļø 2. Increased regulatory control: CBDCs give governments more power to monitor transactions. Too much control can lead to more rules on cryptocurrencies, pushing people to use state-controlled money instead. ā ļø 3. Privacy concerns: every transaction with CBDCs can be tracked in real-time, which means less privacy. Cryptocurrencies, especially privacy coins, offer more anonymity. šāš 4. Competition for adoption: if CBDCs become common, decentralized crypto might lose their utility for daily transactions. Imagine decentralized crypto being pushed to the sidelines. š²ā” 5. Stricter crypto regulations: to make sure their CBDCs win, governments might make laws that restrict or ban decentralized cryptos. This would hurt the crypto market. ā ļøš 6. Challenges to financial inclusion: governments may say that CBDCs help with financial inclusion, overshadowing how decentralized cryptos can help the unbanked and underserved. š³āš 7. Threat to stablecoins: CBDCs could replace popular stablecoins like USDT or USDC, reducing their role in crypto liquidity. š¹š« 8. Monetary policy manipulation: CBDCs give governments the power to enforce monetary policies like negative interest rates or capital controls, which goes against the open nature of cryptos. š”āļø 9. Stifling crypto innovation: focus and resources might move from decentralized projects to centralized CBDCs, slowing good crypto innovation. šš 10. Global CBDC adoption pressure: if big economies adopt CBDCs, others will follow, leading to a world where decentralized crypto get marginalized. šš So, what's the alternative? We should stick with decentralization, privacy, and innovation in crypto. Letās make the current crypto system better instead of going back to centralized systems with lots of problems.
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šøSteven Joseph
Would the energy of the Sun be sufficient to crack ecdsa encryption of #bitcoin ? The idea of using the energy of the Sun to crack Elliptic Curve Digital Signature Algorithm (ECDSA) encryption used in Bitcoin is an interesting thought experiment, but let's break it down in practical terms. ### Energy of the Sun The Sun outputs an immense amount of energy. The total energy output of the Sun is approximately \(3.8 \times 10^{26}\) watts (or joules per second). This energy is spread out over the entire surface area of a sphere with a radius equal to the distance from the Sun to the Earth. ### Energy Required to Crack ECDSA The security of ECDSA, which Bitcoin relies on, is based on the difficulty of solving the Elliptic Curve Discrete Logarithm Problem (ECDLP). Currently, Bitcoin uses the secp256k1 curve, which has a key size of 256 bits. To break a 256-bit key by brute force, one would theoretically need to try \(2^{256}\) possible keys. In practice, due to the properties of symmetric key cryptography, you would expect to find the key after trying about half of these possibilities, or \(2^{255}\) tries. ### Practical Considerations 1. **Computational Feasibility**: Even with the most advanced computers, trying \(2^{255}\) keys is infeasible. Modern supercomputers perform on the order of \(10^{15}\) calculations per second (1 petaFLOP). Even if we had a supercomputer capable of 1 exaFLOP (\(10^{18}\) calculations per second), it would take on the order of \(10^{52}\) years to crack the key by brute force. 2. **Energy Consumption**: Let's assume we had a theoretical computer that could perform \(2^{255}\) operations. The amount of energy required to power such a computer would be astronomical. For instance, let's hypothetically consider an extremely efficient computer that uses only 1 joule of energy per calculation (real-world computers use much more). The total energy required would be \(2^{255}\) joules. Converting this to a more comprehensible form: \[ 2^{255} \text{ joules} \approx 5.79 \times 10^{76} \text{ joules} \] ### Solar Energy Let's compare this with the total energy output of the Sun: - The Sun's energy output is \(3.8 \times 10^{26}\) watts. - The total energy output over a year is: \[ 3.8 \times 10^{26} \text{ watts} \times 3.15 \times 10^{7} \text{ seconds/year} \approx 1.2 \times 10^{34} \text{ joules/year} \] To generate \(5.79 \times 10^{76}\) joules: \[ \frac{5.79 \times 10^{76} \text{ joules}}{1.2 \times 10^{34} \text{ joules/year}} \approx 4.825 \times 10^{42} \text{ years} \] ### Conclusion Even harnessing the entire energy output of the Sun, it would take on the order of \(10^{42}\) years to gather enough energy to crack a single ECDSA key used by Bitcoin. This is vastly longer than the age of the universe (~\(10^{10}\) years). Thus, using the energy of the Sun to crack ECDSA encryption is completely impractical with our current understanding of physics and computational technology.
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šøSteven Joseph
Why does the lightning network make all altcoins worthless as financial instruments except for pure speculation ? #AskGPT #BitcoinDominance #Bitcoin #Crypto #LightningNetwork The Lightning Network, built on top of Bitcoin, offers fast, scalable, and low-cost transactions, solving many of the limitations that altcoins initially aimed to address. Here's why it undermines the value of altcoins as financial instruments, leaving them mostly for speculative purposes: 1. Speed and Efficiency: The Lightning Network allows near-instant transactions, making it as fast (or faster) than many altcoins designed for quick payments. This eliminates the need for altcoins that were created primarily to offer faster settlement times. 2. Lower Fees: Lightning significantly reduces transaction fees, making micropayments viable on Bitcoin. Altcoins that advertise themselves as cheaper alternatives lose their appeal when Bitcoin achieves the same with the Lightning Network. 3. Scalability: One of the key advantages of altcoins like Ethereum or others was their promise to scale more effectively than Bitcoin. However, Lightning scales Bitcoin to handle millions of transactions off-chain while maintaining the security and decentralization of the main chain. This reduces the need for competing networks that offer scalability. 4. Network Effect: Bitcoin has the largest network effect, with the most users, liquidity, and security. The Lightning Network extends Bitcoinās dominance, making it even harder for altcoins to compete in any use case except speculation, as the vast majority of innovation and capital is flowing to Bitcoin's ecosystem. 5. Security: Bitcoin's Proof of Work (PoW) is the most battle-tested and secure consensus mechanism. Lightning transactions are still anchored to Bitcoin's blockchain, maintaining that high level of security. Many altcoins use less secure or more experimental consensus mechanisms, which makes them riskier as financial instruments. 6. Liquidity and Reserve Currency Status: Bitcoin is becoming a global reserve asset, while altcoins are fragmented and lack the same level of adoption and trust. The Lightning Network enhances Bitcoinās liquidity through real-time settlement, increasing its utility as a financial instrument for everyday use, further diminishing the need for other coins. In this context, altcoins primarily remain speculative because they can no longer offer superior functionality or use cases beyond Bitcoin's Lightning-enhanced network.
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šøSteven Joseph
Why is #bitcoin like the intergalactic construction company in #HHGTG and humanity has no alternative path unless something like a probability engine changes reality ? #AskChatGPT #QuiteApt š The comparison of Bitcoin to the "Intergalactic Construction Company" in Douglas Adams' *The Hitchhiker's Guide to the Galaxy* is quite apt in terms of its transformative impact on the financial system. In the series, the Intergalactic Construction Company represents a force that shapes and redefines the universe through its monumental projects. Similarly, Bitcoin has the potential to reshape the financial landscape in profound ways. Hereās how the analogy works: 1. **Disruptive Innovation**: Just as the Intergalactic Construction Company radically changes the universe, Bitcoin disrupts traditional financial systems. It introduces a new paradigm for handling transactions and value, bypassing conventional banking and monetary systems. 2. **Scalability and Ambition**: The scale of projects undertaken by the company in *Hitchhiker's Guide* is immense and ambitious. Bitcoin, while not constructing physical objects, has ambitious goals of decentralizing finance and creating a global, borderless monetary system. 3. **Alternative Reality**: In the book, the companyās actions can be seen as altering the fabric of reality in the universe. Bitcoin, on the other hand, represents an alternative to the traditional financial realityāits decentralized nature creates a new form of economic interaction that challenges existing institutions. Regarding humanityās alternative paths, Bitcoin and other decentralized technologies present a new way forward, but they do face challenges: - **Adoption and Integration**: For Bitcoin to fully realize its potential, widespread adoption and integration into global financial systems are needed. - **Regulatory and Technological Challenges**: Legal and technological hurdles must be overcome to ensure Bitcoin's viability and security. - **Economic Impact**: The broader economic implications, including how it affects traditional financial systems and economies, need to be addressed. As for a "probability engine" changing reality, this could be interpreted as advanced technologies or systems that might radically alter our current trajectory. In the context of Bitcoin, this could mean innovations or developments that further disrupt or transform financial and economic structures. Ultimately, Bitcoin and similar innovations are part of a broader exploration of new possibilities, with the potential to reshape how we think about value, finance, and technology.
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CA Sankalp Sahu
3 sniper bots to turn 10$ into 10000$ --> Sniper bots are automated bots that buy tokens swiftly. Most commonly used to buy newly listed tokens before everyone else and profit from the token when everyone else gets in. 3 Sniper bots that any beginner can use - @bonkbot_io - @SolTradingBot - @BananaGunBot You just need to provide the coin that you need to buy and the target profit at which you need to exit. Refer the Video for detailed information. However most of the coins are scams, If you want to know more how to find coins using dexscreener.com/solana, Next post is going to be about that.
1 Comment -
Labib Ben Mimoun
š” š§ What Are SRC-20 Tokens? SRC20 tokens are tokens that utilize the Bitcoin Stamps technology to attach data to Bitcoin. The SRC-20 token standard expands the utility of the Bitcoin network, enabling the creation of fungible assets. Itās likened to the BRC-20 token standard, but the two have several distinct differences. Now, letās take a look at how SRC-20 tokens work. š How Do SRC-20 Tokens Work? Through the use of Bitcoin Stamps, which inscribe data onto unspent transaction outputs (UTXOs), SRC-20 tokens ensure immutable data storage. This allows for the creation of tokens that run parallel with Bitcoin's native coin, with transaction fees paid in BTC, while offering similar functionality to other token standards such as BRC-20. BRC20 vs. SRC-20 While both BRC-20 and SRC-20 token standards increase the utility of the Bitcoin blockchain, they rely on different methods. Letās take a look at the key differences between BRC-20 and SRC-20. The main SRC20 tokens are $STAMP , $KEVIN , $UTXO , $SWP , $STMAP š Data storage SRC-20 tokens utilize the Bitcoin Stamps protocol, allowing information storage directly on UTXOs on the Bitcoin blockchain. In contrast, BRC-20 tokens use the Bitcoin Ordinals protocol, which stores information in the witness data. While details in the witness data can be modified by a syncing mode, Bitcoin Stamps data canāt be pruned. š Data pruning SRC-20 token data stored on UTXOs canāt be pruned, ensuring immutability and permanence. On the other hand, data attached to Bitcoin ordinals can be pruned by nodes, potentially affecting data longevity. š Transaction costs āāSRC-20 tokens offer flexible data storage, letting creators attach data of arbitrary sizes. However, larger data sizes result in higher transaction fees. BRC-20 tokens impose restrictions on information size, ensuring standard transaction costs. Additionally, BRC-20 token data is stored in the Witness section of a transaction. That contributes to cheaper transaction costs. š Adoption SRC-20 tokens have experienced wider adoption, being listed on centralized exchanges, compatible with multiple wallets and multiple protocols are developing technologies to embrace them. š§ Conclusion SRC-20 tokens expand the utility of the Bitcoin blockchain, enabling the creation of fungible assets through the Bitcoin Stamps technology. While having many similarities with the BRC-20 token standard, the SRC-20 standard uses a different method of data storage on the Bitcoin blockchain.
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Ali Jamal
š¦šŖTether.io Just Funded a $45M Crude Oil Deal in the UAE š¢ļø Stablecoins are no longer just about crypto exchanges and DeFi. Tether, the leading stablecoin issuer, is making waves by funding a $45 million crude oil transaction in the UAE. This move marks a significant step in bridging the gap between traditional finance and the crypto world, bringing new levels of efficiency and transparency to trade finance. What You Need to Know: ā¢ Transaction Details: $45M deal funded 670,000 barrels of crude oil. ā¢ Participants: Involves a public oil company and a major commodity trader. ā¢ Strategic Vision: Tether aims to tap into the $10 trillion global trade finance sector. ā¢ Diversification: This isnāt Tetherās first foray beyond stablecoinsātheyāre also exploring AI, renewable energy, and Bitcoin mining. Why This Matters for Global Finance: 1. Expanding into New Markets: Tether, initially known for its dominance in stablecoins, is now pushing into traditional industries. This expansion could redefine how global trade finance operates, using blockchain technology to streamline processes. 2. Scaling Opportunities: Leveraging blockchain can drastically reduce costs and inefficiencies in trade finance. By cutting out intermediaries and utilizing real-time settlement, deals like these could reshape how large-scale transactions are conducted. 3. Diversification of Influence: Tetherās latest move shows their ambitions beyond the crypto ecosystem. Funding deals in commodities, AI, and green energy signals their intention to become a dominant financial powerhouse. The Big Picture: Tether is no longer just a crypto companyāitās transforming into a global financial giant that started with stablecoins. By bridging the digital and traditional financial worlds, Tether is poised to revolutionize how industries operate, from commodities to energy. For those looking to enter the growing field of virtual asset activities, especially in regions like Dubai and Abu Dhabi, understanding these developments is crucial. As the regulatory landscape evolves, compliance with authorities like VARA and ADGM is essential for successful market entry. š For inquiries about licensing for virtual assets in the UAE, reach out to us at ā” [email protected] #Dubai #VirtualAssets #VARA #ADGM #UAE #Blockchain #CryptoInnovation
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ZeMing M. Gao
Elon Musk is concerned about the centralization of Bitcoin. But he fails to realize thatĀ Bitcoin's biggest problem is NOT that it is centralized at mining, but it is secretly centralized at a human Core, which is controlled by a handful of human agents who ideologically and economically represent certain powers behind the scenes. This is why Satoshi wanted Bitcoin's base protocol to be locked. Satoshi understood Bitcoin as a system comprehensively, including computing, economics, and law. But BTC chose to do the opposite, which was both a reason and a consequence of Satoshi's exit from BTC (a critical part of history you should investigate more). The way Musk talks about centralization or decentralization shows that, like most others, he fundamentally misunderstands the concept of "decentralization" for a network system to prevent the weakness of a single point of failure or concentrated points of failure. For this, please read Baran's foundational work (Baran P. āOn Distributed the Communicationsā). For example, the kind of incidents Musk points out, in itself, really is not a problem at all, as long as the system is open for other mining nodes that are competitively independent of the hypothetical fallen node to pick up the load and rise from the fall. Baran's work has shown that the existence of just two such nodes would make a significantly more reliable system than a single full-node system. The network reliability increases exponentially with the total number of independent full nodes. More importantly, after the total number of nodes has reached 4, it quickly becomes unnecessary to increase the number of nodes because the marginal return quickly diminishes. Bitcoin is both a computational and an economic system. Please don't imagine things based on empty and abstract propaganda of "network of everyone", which is a fallacy promoted by BTC. When you talk about "network", be very certain of what network you're talking about. While it is economically foolish to require an unlimited number of full nodes (see Baran), it is desirable to have an unlimited number in the network of applications and the network of users. These are entirely different networks. The BTC community confuses them altogether. But they took advantage of the confusion to promote a useless "digital gold". I'm glad to see that people like Musk are waking up from the deception of BTC. But I'm afraid that they are not seeing the whole picture yet. For this, I humbly recommend my book: BIT & COIN: Merging Digitality and Physicality (http://bitandcoin.net). Volume I Digital Humanityās Truth Layer Blockchain The New Internet, its Authenticity Layer, and Applications Volume II Bitcoin, Blockchain, and Beyond Essays of Science, Economics, Law, Ethics, and Controversies
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Unil Prajapati
š Exciting Update from *World* (formerly Worldcoin) š Sam Altmanās Worldcoin crypto project is evolving ā and it's now simply known as *World*! This shift reflects the mission to establish a new identity in the space of human verification using blockchain and AI. The project, launched in July, has already onboarded over 7 million users globally. Its vision? To help us distinguish between AI and real humans in a future where AI and digital personas become increasingly hard to differentiate. š *World ID* will serve as a verifiable human identity accessible only to real people, not AI. To sign up, users undergo an iris scan through an advanced device known as the *Orb* ā now upgraded to offer three times the performance, streamlined parts, and faster verification. Privacy concerns have made regulatory approval challenging in some countries, but the team behind *World*, Tools for Humanity, is determined to address these issues and push forward. The journey is just beginning. As AI and human identity intersect more than ever, *World* is redefining the way we think about personal verification and trust in the digital age. šāØ #World #AI #Blockchain #HumanVerification #SamAltman #Innovation #Future #Crypto #TechNews #DigitalIdentity #FutureOfAI #DataPrivacy #Web3 #Fintech
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Chris Parker
#Blockchain.com????? #EthQuantumVal #BTCQuantumVal #EQvš«±š¼āš«²šæ #BQv Ultra-Intelligent-Value ššā¾ļøā”ļøā”ļøā”ļøā”ļø "Where every bit knows it's energetic origin and purposeful productions in all situations" -No Code/Galactic codex implementations #Truth on #Truth #CryptoScience #PureQuantum #Future #Development #Light Interesting data sets. How about global institutions normalize saying -WE Don't know it says "Unknown" instead of manufacturing things that will require a sorry we messed up press release later. I'm sure Vitalik has the Ancient to Present and Future Blocks Riiii!!!!ght! šš šā”ļøā”ļøā”ļøā”ļø FunFact the original Script isn't in binary computational anything. 369 0 963 That is a reverse engineering mechanism for 3d operational compatibility within limited understanding and energetic utilization of the currently restricted human quantum cerebral. but I'll play the code games with you, even though we all know source needs nothing of the sort to bring forth #DIVINE #KINGDOMS. Nice pics! The #DivineComedy continues. šæ #RealGENESISā¾ļøā”ļøā”ļøā”ļøā”ļø
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Mike Hall
New trending model, 1 million token context window Llama3. Fine tuned version of llama3 released by Gradient to reach advanced context levels used by google's Gemini. Context is very important, the longer the context the less forgetful a model is. Very important for domains like programming. Longer context also removes most of the need for R.A.G & Fine tuning. Using in context learning. Try it out, use vllm to serve the model on a EC2 instance. Comes after the recent paper explaining how to do this Raw model: https://lnkd.in/g_7Be-iZ Ollama: https://lnkd.in/gKmNMRDJ Papers: https://lnkd.in/gWpE28Uf & https://lnkd.in/gdeEjH_5
4 Comments -
Lava Kafle
Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB Bitcoinās failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins. 5269 Total views 6 Total shares Listen to article 9:29 Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIBPRICE ANALYSIS Own this piece of crypto history Collect this article as NFT Join us on social networks Bitcoin BTC tickers down $61,282 continues searching for direction as the bears and the bulls battle it out for supremacy. Glassnode founders Jan Happel and Yana Allemann believe the price will resolve to the upside. They said in a X post that they expect Bitcoin to āBLOW higher.ā The uncertainty about the next directional move has not stopped purchases by the whales. Market intelligence firm Santiment said in a X post that whale wallets holding between 1,000 and 10,000 Bitcoin acquired roughly $941 million worth of Bitcoin in a 24-hour period. Crypto market data daily view. Source: Coin360 Bitcoinās long-term investors do not seem to be worried about the range-bound price action in the near term. In a recent interview with journalist Mike Solana, Twitter co-founder Jack Dorsey said that Bitcoin could skyrocket to at least $1 million by 2030 and even surpass the level from that point onward. Could buyers continue to defend the support levels in Bitcoin and altcoins, or will the bears prevail? Letās analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin bulls are trying to keep the price above the psychological support at $60,000 but are facing selling at the 20-day exponential moving average ($62,959). BTC/USDT daily chart. Source: TradingView The downsloping moving averages and the relative strength index (RSI) in the negative territory suggest that the bears have the upper hand. If the $59,650 support cracks, the BTC/USDT pair may plummet to the 61.8% Fibonacci retracement level of $54,298. This negative view will be invalidated in the near term if the price turns up and breaks above the 50-day simple moving average ($65,620). The pair could then accelerate toward the critical overhead resistance of $73,777. Ether price analysis Ether ETH tickers down $2,914 has been trading between the 20-day EMA ($3,087) and the horizontal support at $2,850 for several days. https://lnkd.in/dq8mEWhP
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Khalid H.
#stablecoins - crypto backed by fiat dollars (and now Euros) - will hit trillions in issuance volumes before the end of the decade. The ECB sees SCs as private sector competition to it's own govt crypto - #CBDCs.. so expect them to regulate competitors into obsolescence or the fringe. The state should not be issuing money direct to the public. This is Soviet-style central control/planning of money - we all know how that worked out. it's completely anti-free markets. SAFE AS CRYPTO? Ironically the new European markets-in-crypto-assets regulations ( #MICA) rules - legalising stablecoins in the Eurozone will make them MORE - not less - risky! Simplistically the regs force stablecoin issuers to hold their #fiat-backed token reserves/collateral as deposits in European #Banks.... Vs say US Treasuries or other highly rated and liquid collateral. BlackRock Fidelity Investments [partially] owned stablecoin issuer Circle ($34bn) has been the first to comply. Market leader Tether.io $112bn) says it won't... What is key that these bank deposits are UNINSURED. So the EUR stablecoin exposes the holders to European Banks by design... We all know how safe they are... right? Circle themselves already lost ~3% of their stable coin collateral when their deposits were in the SVB banking collapse before depositors were made whole by a 'bailout'. So be mindful that not all stablecoins - despite being backed by the par USD or EUR value collateral - are not equal. Counterparty risk is very real. CRYPTO EURODOLLAR MARKET Indebted govts with 'hard currency' status (USD + a continually weakening GBP, EUR, JPY) will discover new emerging market demand for their debasing currency - especially US #Dollars. The crypto version of the multi trillion EuroDollar market is on the way! The ECB is not happy. A dolarised world accelerates the inevitable demise of the Euro and constrains its ability to abuse citizens with stealth taxes. Currently stablecoin volumes are ~$160billion... but all EM countries want USD... Argentina, Nigeria, Turkey etc etc... Anecdotally 99%+ of SC volume is in USD. #DeFi is in USD. While SCs do not solve the fiat/debasement/money printing/inflation/corruption/riba/ monetary abuse angle.. .. they are still infinitely preferable to #CBDCs given the greater #decentralization and [control/privacy] layers between individual and the state. https://lnkd.in/djp6Pjn7
9 Comments
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