Shani (@nikhil04) • Hey

an airdrop hunter ,and an ecosystem explorer

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Followers: 312

Publications

Ukraine Mandates Digital Asset Firms To Disclose Financials As Wider Regulation Looms
great
XRP coin surges after judge delivers a huge win to Ripple in SEC case
Touch grass this Summer 🫳🌿 Post your touch grass pics on Lens apps. Use the hashtag #SummerOfLens
good wishes for new bron ....
Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements The surveillance-sharing agreements are a measure recommended by the SEC in March, which says they can prevent fraud and protect investors.
EU news MiCA has been officially signed into law today by the European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren (Sweden holds the presidency of the Council of the EU atm). **Next steps:** 1) Publication in the official journal of the EU (shortly) 2) Entry into force 20 days after that 3) Entry into application - 12 months later for stablecoins (& stablecoin issuers) - 18 months later for other crypto-assets and CASPs
The registration statement listed the Volatility Shares ‘2x Bitcoin Strategy ETF’, under the ticker symbol BITX, which offered leveraged exposure to #Bitcoin corresponding to two times the daily performance of the S&P CME Bitcoin Futures Daily Roll Index.
**Ethereum Scanner Etherscan Adds OpenAI-Based Tool to Analyze Smart Contract Source Code** Etherscan, one of the most commonly used Ethereum blockchain scanning websites, introduced a tool that uses artificial intelligence (AI) to help users interpret the source code of smart contracts, according to a post on its website. The tool, based on AI technology developed by OpenAI, allows users to ask for an explanation of the entirety or parts of the source code of a smart contract, Etherscan said. Users can also retrieve the "read" and "write" functions of a smart contract such that they can "make informed decisions" on how to interact with them as well as explore possible ways of using them in decentralized applications, the post said. Following the explosion of interest in AI spurred by the popularity of OpenAI's ChatGPT chatbot, blockchain and crypto companies have rushed to support traders and developers with tools based on the technology. Last week, crypto exchange Bybit integrated ChatGPT into its trading platform.
**BlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it?** Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost. During an interview on June 16, Galaxy Digital CEO Mike Novogratz said the approval of BlackRock’s ETF application would be “the best thing that could happen to $BTC.” “I say a Hail Mary every night that Larry Fink and @blackrock pull off a @bitcoin ETF," Novogratz said on the Fox News segment, according to a tweet by host Liz Claman.
**Texas State Securities Board Takes Enforcement Action Against Crypto Firm Abra and CEO Bill Barhydt – What's Going On?** The Texas State Securities Board has issued an emergency cease-and-desist order against crypto lender Abra, claiming that it has been insolvent since at least March 31, 2023. In a Thursday filing, the Texas regulator unveiled enforcement actions against Abra and its founder William Barhydt for allegedly committing securities fraud as well as engaging in deception regarding the sale of investment products through its affiliates Abra Earn and Abra Boost. Abra "made offers of investments in Abra Earn in Texas containing statements that were materially misleading or otherwise likely to deceive the public," the filing said, making similar claims about other Abra products.
**According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023.** Texas State Regulators Issue Cease-and-Desist Order, Citing Insolvency Claims Against Crypto Firm Abra The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against the company Abra and its network of subsidiaries. The notice alleges that Abra and its affiliate companies are “collectively insolvent or nearly insolvent.” The order also named Plutus Financial, Plutus Lending, Abra Boost, and the firm’s founder, William John “Bill” Barhydt.
**his afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against http://Binance.US attempting to, amongst other things, freeze http://Binance.US corporate assets. User assets remain safe and secure and the platform continues to be fully operational with deposits and withdrawals functioning as normal.** **The filing of the preliminary injunction is unwarranted and based more on the SEC Staff obtaining an advantage in litigation versus genuine concern about the safety of customer assets. Until recently – despite years of engagement – the SEC Staff has not expressed a concern about the safety of customer assets. And through near around-the-clock dialogue over the past week, company’s counsel addressed SEC Staff’s concerns regarding the safety of customer assets. Despite the information the company has provided to ensure SEC Staff of the safety of customer assets, the Staff has nonetheless decided to file the motion seeking a temporary restraining order and preliminary injunction. While we are disappointed by this action, we look forward to defending ourselves in court.T**
**In a significant bullish move, the price of Bitcoin (BTC) has surged above the $27,000 level, capturing the attention of cryptocurrency investors and traders.** **This upward movement has sparked optimism and speculation about the potential direction of BTC in the near term.** **As Bitcoin reclaims this crucial level, market participants will closely monitor its price action and key levels to gauge the strength of the current bullish momentum.** **In this Bitcoin price prediction, we will analyze the latest developments and highlight the important levels to watch as the market unfolds today.**
**Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency.** **According to the latest crypto news, there are thousands of cryptocurrencies in existence. However, the most popular ones include Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin Cash, Tezos, Tron, Litecoin, and EOS, acquire more than 80% of the total market cap.** **Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm that’s pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.** **Cryptos can be sent directly between two parties, in a rapid and cheap process, compared to traditional bank transfers. Since there is no central authority or a middleman, the users can go through the process without having to worry about complying with different rules.**
**13 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John's pizzas for 10,000 $BTC. Today, those pizzas would be valued at $267 million. Happy #Bitcoin Pizza Day, everyone!**
**Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S.** Crypto exchange Coinbase (COIN) took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany and Ireland. For $29.99 per month, customers don’t pay trading fees and also get higher staking rewards, according to a Thursday statement. The service had been in beta testing since 2021. Coinbase aims to further widen its international reach, with plans to offer Coinbase One in 35 countries, according to an email from the company to CoinDesk. This comes after CEO Brian Armstrong indicated last month that Coinbase would consider moving away from the U.S. if the regulatory environment did not become clearer.
**Ledger Bats Back Criticism of New Wallet Recovery Service** *“You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledger CEO Pascal Gauthier.* Crypto wallet maker **Ledger** came under fire this week for its new “**Ledger Recover**” feature, with some posters on Twitter arguing that the service – which stores encrypted user seed phrases with third-party custodians – undermines **Ledger’s** stated commitment to privacy and security. During a Twitter Space session, Ledger CEO Pascal Gauthier defended the offering. “You’re saying this is not what customers want. Actually, this is what future customers want,” he said. “This is the way that the next hundreds of millions of people will actually onboard to crypto.”
**EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off** The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings......................
🌻 Spring ’23 Ecosystem Update: Cryptographic Thresholds For the past five months+ we’ve built with focused intention on Lens Protocol, Lit Protocol and Stable Diffusion. What’s been built? *Chromadin + Creator Dispatch *The Dial + All In One Creative Editor *Decentralized Fulfillment Network What’s being built? *Event Listener SDK *Labyrinth SDK *Legend It’s not just about keeping up with the pace of change or staying ahead of the curve anymore. It’s about reshaping the curve entirely, threading our own path through the fabric of the future. Wanna chat more about what’s being built? https://blog.digitalax.xyz/spring-23-ecosystem-update-cryptographic-thresholds-cb7eacc5b5e5
ETHGlobal Lisbon Hackathon We want you to build on Lens! Check out this video with Dev Rel Director @nader.lens bringing the builder energy to @ETHGlobal Lisbon. We have $10,000 up for grabs: 🥇$3.5k 🥈$2.5k 🥉null.5k 5️⃣ Plus the 5 best Lens integrations will receive $500 each! Here are some resources to get the devs started. Docs - https://docs.lens.xyz/docs Apps - https://lens.xyz/apps Lensverse - https://aave.notion.site/Lensverse-a5926eab1d8148eda10053af9f4e28a0… Reach out to @nader.lens and @jessglover.lens for any builder enquires. We can't wait to see what you build 💚
Bom dia (bd) 🇵🇹 @christina.lens and @nader.lens were on stage at @ethglobal.lens Pragma Lisbon inspiring the next generation of builders. "In web3 social you’ll be able to have an ala carte experience. Choose your front end, moderation policy, and even the algorithm you prefer. You don’t need to build a front end, you can build premium features and users could attach to the front end that they prefer” - @christina.lens
**Why Is Crypto Down Today?** *-The leading cryptocurrencies tumbled to two-month lows this week thanks to concerns about market liquidity and a regulatory clampdown*
**Bitcoin Will Probably Retest $25K But Bears Beware, On-chain Indicators Suggest BTC Price in Early-Stage Bull Market**
This is a song for the dreamers. We spend a lot of time thinking about the way our lives should be, the things we need to do, the people we want to become. But there’s a point when thought seeks action. We unexpectedly enter a flow state; thoughts and dreams shift into something more real, but transcend the initial idea of what we thought they were. It’s like a mystery unfolding, revealing the underlying intention of our dreams more clearly. I wrote this song almost twenty years ago, while living in Montreal. I played it many times live at shows, often with my talented violinist friend, Jean-Fred Lizotte. We never got a chance to record it in studio, but there was one practice recording I made at my home that sat untouched for years. Since I started releasing music on #Lens I’ve been searching for older material to rework - and I stumbled upon his wonderful violin performance. It was simply too good to keep it stored on a hard drive any longer. But the original tempo was too fast. Using elastic audio, I slowed the violin down to a new tempo, then re-recorded the guitar, bass and vocals. I added a beat and some new arrangements around the violin part using Slate ANA2 and NI NOIRE (shout to @larryscruff.lens for the tip). It’s a long track, just over 7 minutes, so it took about one month to record the parts, and put together the final mix and stereo master. I’m excited to be releasing it after so many years. ❤️💚🌿✨ 5 WMATIC 25% referral @beatsapp.lens @oohlala.lens @mixtape.lens @creators.lens #LMCC #MusicNFTs #NFTs #Beats #Riff #lensfrens #dalle Side note: with 10 collects or more I’ll use the funds to super follow @jessyfries.lens and join forces with the professionnaaaals. 🙃🍟✨
**Pepe Coin Price Pumps 33% – AiDoge.com and $SPONGE Next Meme Coins to Explode?**
**Elon Musk-Promoted Meme Coin Listed on Crypto.com**
Litecoin Price Prediction as LTC Bounces Up 20% From Recent Bottom – Can LTC Reach $100 in 2023?
**SHIB Takes the Spotlight as Big Players Gucci, Twitch, Newegg, and Others Invest in the Future of Payments with Shiba Inu (SHIB)**
**what do yoiu think about meme coin...?**
😅😅😅
Aishib LP is live on Camelot, you can find the dexscreener here, https://dexscreener.com/arbitrum/0xFE5A433bceE3ac8147695521Aa383F41C116A10D The claim is live here https://arbshib.io/?ref=0x984b18b1823fef04a4ca7cf1e8a0ef5359fa522f Camelot is a highly trusted dex on arbitrum. Dont fall prey to mob mentality thinking something is a scam and you miss gen weath again anon.
Happy 420! Ever wonder why some of us are cooler than you? Well it's because we own a genesis baby! You can own a genesis baby too. And you can become just as cool as me. Become the parent you've always wanted to be. The link below will expire within 100 days. Don't miss out. https://247420.xyz/Genesis%20babies
Going to the moon 🚀🚀🚀🚀
Epic snowboarding day at Big White Mountain, British Columbia, Canada. Fresh powder, blue skies, big trees! Love this quote too. Follow, mirror and collect 🏂 🇨🇦
Sui Potential Airdrop✔️ Sui is the first permissionless Layer1 blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3. Fund Raised✔️ Mysten Labs, which is the creator of the Sui layer-1 blockchain, has successfully raised $300 million in a Series B funding round. This has resulted in the company being valued at more than $2 billion. Sui token is confirmed✔️ Sui already confirmed about their native token $SUI that will be launched once they go live on mainnet. Official announcement here. How to qualify for the airdrop? ✔️ The main question now is hoW we can position ourselves to qualify for this airdrop. The answer is quite simple: - Use the chain regularly - Engage with Devnet and the recently launched permanent testnet In order to use the Sui chain, we need to use a Sui wallet. Here are two wallets I suggest to use: "SUI WALLET" "SUIET WALLET" Here is a list of projects currently live on Sui testnet ✔️ Bluemove ✔️ DEX: https://dex. bluemove.net/swap Use it for swapping and adding liquidity. Bluemove NFT ✔️ launchpad: https://sui.bluemove. net/launchpac Use it to Mint/Buy/Sell NFTs SuiSwap : https://suiswap.app Use it for swapping and adding liquidity. Bonus: Complete Crew3 quests to collect points and qualify for SuiSwap airdrop. SuiDex: https:/lapp.suidex. io Use it for swapping and adding liquidity. BaySwap: https:/lapp.bayswap.io Use it for swapping, adding liquidity Also, mint this limited time NFT: https://app.bayswap.io/nft Interest Protocol: https://sui. interestprotocol.com/dapp Use it for swapping and farming. Tocen NFT: https://marketplace.to cen.co Use it to Mint/Buy/Sell/Stake NFTs Souff13: https:/suitestnet. souffl3.com Mint NFTs and stake on Mobius: https://mobius.market/amm/stake BeLaunch: https://dev-sui.belaunch. io/trade Use it for swapping and adding liquidity. Also, explore the other available features. Suia: https://suia.io Claim Suia NFTs. It is a social dApp built on
Another arbitraum airdrop for dao voters 🤑🚀🚀💰💰
😃
Such a huge valuation raised by @layerzero 🤑🤑🤑🤑
This project raised good amount of money 🤑
Airdrop Themis to anyone who has received Retroactive Airdrop Arbitrum https://airdrop.themis.exchange/ code bkVo93BVR
What a congested matic.
💰Our reward systems this month are moving to those who purchase our products. These products will range from NFT wearables, physical shoes, and collectable NFTs. 🚀For today only mint 4 and get enough Z1 tokens airdropped to mint 4 more in our next mint window. ( Our mint opens just for these tokens on these days) Airdrop total - 176Z1 Chain - POLYGON Price - 14MATIC Mint here ⬇️ ⬇️ ⬇️ ⬇️ https://www.z1nkx.app/
I thought this monkey may pretend not to know, just to make you happy.😆😆😆
First 50 Follow and the mirror with over 150 followers =WMatic! LongArticle (2)Puzzle: Is Bitcoin Really "Gold"? Preface: When someone questions the value of Bitcoin, gold becomes the best weapon. Over the years, people have become accustomed to comparing Bitcoin with gold, and many even estimate the final value of Bitcoin based on gold's market capitalization. All this stems from the similar and even superior properties of Bitcoin compared to gold. Higher scarcity, stronger divisibility, greater security, and easier to use. Bitcoin possesses every attribute that gold has, and does even better in each aspect. It even comes with its own payment and accounting system. With such comparisons, hardly anyone can deny that Bitcoin will ultimately become the digital age's gold, or even replace gold. In the mouths of speculators advocating the metaverse, the once thriving jewelry of golden times and the gold of turbulent times will soon be transformed into thriving NFTs and Bitcoin for turbulent times. However, is this crude comparison really sufficient to explain the relationship between Bitcoin and gold? Or can we say that just because Bitcoin wins in a solitary and static comparison, it will definitely become and even replace gold? Any conclusion that disregards historical movement is false. To judge the future of Bitcoin through gold, one must consider the differences between the historical contexts faced by both. Once we put our perspective into history, we will find that if gold is a winning hand from the start, Bitcoin is more like a hand with a strong starting combination, seemingly able to achieve an extraordinary outcome, but in reality, the journey is dangerous and long. Nevertheless, it seems that the final round of betting is brewing a surging wave of cards, and this extraordinary hand may indeed become a reality. How Gold Became Gold History is woven from both inevitability and randomness. The emergence of gold has both its inevitability and its randomness. We cannot grasp random events well, so we can only single out its inevitability for discussion. The inevitability of gold comes from the inevitability of the general equivalent form. In the first four sections of the first volume of Marx's Capital, the inevitable position of the general equivalent in human transaction activities is determined. In a complex market environment, sooner or later, a general value form will emerge to replace the relative value form. This is because people are lazy, or rather, human activities tend to simplify complex things. When my uncle goes to the market to sell three baskets of radishes, compared to remembering that one radish can be exchanged for half an apple, or three oranges, or two ounces of sugar, he would prefer to remember the value of this pile of goods relative to one unit. Therefore, for my uncle and every seller in the market, there must be something universal that everyone wants to exchange, and use it as a unit for conversion. This general equivalent form appears spontaneously in human trading activities, and no one can prevent its birth. In the beginning, various objects occupied this form, most of which were adapted to local conditions. Some primitive tribes chose to use stones, while others chose shells. With the arrival of agricultural civilization, the scale of human population began to expand, and city-states and even countries emerged, and interactions between regions became more frequent. Humans, once confined to a forest or a plain, began to possess the ability to cross mountains and seas. In this process, some changes were required for the general equivalent. First is portability, second is divisibility, third is scarcity, and fourth is its communicability, or cultural aspect. The first three properties are interrelated. Scarcity to some extent increases portability because overall rarity raises the value of the unit, meaning that higher value can be transported with less weight. Divisibility simplifies value calculation and broadens application scenarios. Not only can it be used for bulk commodity transactions, but also for daily trivial transactions. Divisibility also includes ease of restoration. It is very difficult to reassemble a shattered stone into a stone of equal weight. This leads to inevitable losses due to fragments when using stones. The property of being easy to divide/restore maintains the scarcity of the object while indirectly improving portability. This is because transporting the whole is easier than transporting pieces. First, it is more difficult to steal a large whole weight than a large fragmented weight, and second, it is easier to store. So when we consider the above three properties, the superiority of gold and silver stands out among the many competitors for the position of general equivalent. They satisfy all three conditions at the same time. As soft metals with a lower melting point, they are easy to divide and restore. In comparison, gold has a melting point of around 1000 degrees Celsius, while iron is as high as 1500 degrees. In terms of Mohs hardness, gold and silver have a hardness between 2.5 and 3, while iron reaches a level of 4.5. Gold's high density means that its weight is often higher than other metals of the same volume. In terms of scarcity, gold and silver production is lower compared to other common metals, with gold being even rarer than silver, which determines that gold's value is higher than silver's. Finally, there is its communicability and cultural aspect. To be honest, communication is a property that is difficult to define. From gold's inherent properties, its ability to form a "gold" culture is partly related to its divisibility (malleability), scarcity,portability, and other value-related properties, and partly to its appearance. Its reflective, golden color, and so on, may naturally occupy a certain position in human vision. However, these considerations are too mysterious and difficult to verify, so they will not be explored in depth. However, the prosperity of gold culture is undeniable. The inevitability of the general equivalent and the different demands for it at different stages of human civilization development have provided gold with some unique advantages in occupying this position. Therefore, gold has historically served as a value anchor, becoming the ultimate unit for storing value. Based on these, when we examine the attributes of Bitcoin, we are amazed to find that it has all the attributes of gold, and even more so. In terms of scarcity, the total amount of Bitcoin is constant, and due to the loss of keys, it is generally in a deflationary state. In terms of divisibility and recoverability, it is even more outstanding than gold. As a digital product, no physical entity can compete with it in this field. The same goes for portability. The essence of Bitcoin is information, and its storage is also information. As long as you have a good memory, you don't even need to write it down. Just remember the private key, and you can take it with you wherever you go. That's why people say that Bitcoin is the gold of the digital age. However, the flaw in this view has been pointed out at the beginning of the article. The reason why gold can become gold is that its unique advantages coincide with a historical period that needs these advantages. Nowadays, even gold has withdrawn from the center stage of transactions. Its high value is maintained due to historical inertia and the culture it has shaped over thousands of years. Therefore, if we want to compare Bitcoin and gold, we must answer what the historical context faced by Bitcoin is like. Bitcoin's historical predicament If we compare the history of gold and Bitcoin at their birth, we can easily find that gold faced the beginning of human civilization, with unclear historical trajectories and vague directions of civilization. Bitcoin, on the other hand, was born in the prime of civilization, with many historical patterns already established and the shape of civilization roughly outlined. Since 1971, when Richard Nixon announced the decoupling of the US dollar from gold, the world has entered a new era of credit currency. This stage has also appeared in human history. In fact, the use of credit currency predates metal currency. As early as 3500 BC, there were records of credit in the temples of Mesopotamia. But the credit currency of that time was primitive, with all its value coming from power, whether that power was violence or religious garb worn after seizing power through violence. Therefore, in different power structures, the transmission of credit would inevitably encounter obstacles. How could a Babylonian who believed in Ishtar and Marduk convince an Egyptian who believed in Osiris and Ra that the loan information recorded in their temples was valuable? It's not that it's impossible, but the cost of circulating such credit was high. Metals like gold, on the other hand, greatly reduced this cost. There was no need to care where the credit came from; all that was needed was to trade the specific gold. In other words, gold was to defeat or squeeze into a primitive credit currency system. It had natural defects. Credit and metal, or chartalism and metallism in monetary history, have been intertwined in human trade history, and currency has always had a dual nature of credit and metal. Today's credit currency system is much more mature and complete compared to the ancient civilizations of the two rivers. It is undeniable that today's currency still has a "metallic" nature. Note that the "metallic nature" here is a general term, and its connotation is actually the means of production, such as a large part of the fundamental value of the US dollar comes from its ability to settle oil. Although it is very different from the past gold standard currency system linked to metal, its form of involvement in human activities is similar. This "metallic nature," compared to the past, has been weakened too much, and the credit attribute of currency has been greatly elevated, so much so that it can be said that there is no money in the world today, only credit. The flow of money is the flow of credit. The biggest advantage of this currency system is that it has broken free from the last shackles of metal, completely liberating the insatiable beast of capital from its cage. It can bring more prosperous regional golden ages and more impoverished regional poverty, as well as unprecedented risks and opportunities for humanity as a whole. The faster development of human civilization, the faster iteration of technology, and the creation of unprecedented wealth and prosperity all require this new credit currency system to drive. It is the advanced use of future credit based on market efficiency that has given birth to a series of technologies that have changed human life. For capital itself, its desire is endless replication, using human hands to complete its own growth. The "metallic nature" is like a fishbone stuck in the throat, like a thorn in the bone, for capital. Getting rid of it is a necessary link in the historical movement of capital. In this extremely complete credit currency system, the "metal" in the narrow sense has completely withdrawn from the historical stage, while the "metal" in the broad sense, including oil, control of trade routes, industrialization capabilities, labor, and other means of production, plays a role in the credit system that is not as important as gold used to be. It is undeniable that Bitcoin is better than gold, but even an excellent gold is still gold. Since gold has been eliminated by capital's endless pursuit of self-reproduction, how can Bitcoin take over and replace gold to compete with the old man Uncle Sam? The old man has always been mainly about winning over the new county chief, always tempting him with the America Dream and Wall street dollar. Since the birth of Bitcoin, it has not only failed to become gold or a new value anchor, but it has also become a new playground for capital within this system. Its narrative is unrelated to the gold of the past but has become a financial derivative. It can be said that from the moment Bitcoin entered the current credit currency system, it and the gold of the past were completely different. However, history is in motion, and the turning point may not be far away. The Historical Opportunity of Bitcoin In the first article of this series, we have already explained the relationship between the historical movement of trust and blockchain. As a dehumanizing patch for trust, the blockchain removes the authority of humans as the "trust transmission hub" on one hand. On the other hand, it can also be seen as an accelerator for trust in the capitalist movement. With trust becoming more affordable, more credit can be issued. Let's briefly explain the difference between trust and credit here. Trust is a broader concept that encompasses all human interactions. Credit, on the other hand, is a quantified manifestation of trust, which can be used to calculate the degree of trust between individuals, individuals and groups, groups and groups, and between the present and the future. From this perspective, the birth of blockchain and Bitcoin is not a counterbalance to the current credit-based monetary system but rather a tool to propel it towards further madness. However, this is just a story told within a narrow historical context. If we take a broader view of history, we might see another story. Credit is not infinite, and this stems from the limited lifespan of humans. The further into the future we want to overdraw credit, the more difficult it becomes. I can sign a 30-year mortgage, but not a 200-year mortgage, because 200 years later, I will be long gone. This simple truth cannot be overstated. The emergence of blockchain, to some extent, has accelerated the overdraft of credit, and when the future that can be overdrawn is exhausted, a huge cyclical crisis will inevitably come. This "credit" gap between the present and the future is often the time when history makes a major turn. Order will be reshaped by war, human civilization will fall into a great fire, and after being burned to the ground, there will be an opportunity to rebuild. The historical opportunity of Bitcoin lies in the aftermath of this great fire. When Master Huang, whether on his own or with the help of Wu Juren, finishes with dignity, Goose City will ultimately need to reshape its order. But the new Goose City is often no different from the old Goose City. The two major families remain the same. What difference does it make whether Master Huang or Master Wu sits in that fortress? There must be a master, right? And blockchain may be the only difference in this cycle. It provides a new option for the generation that reshapes the order after the great fire: A master is still needed, but the master doesn't necessarily have to be a person. At that time, Bitcoin might also complete its transformation, from being entangled in the contemporary credit-based monetary system and becoming a financial derivative, to fulfilling its historical mission and becoming the cornerstone of a new monetary system. Of course, when we talk about Bitcoin here, we mean cryptocurrencies with Bitcoin attributes in a broader sense, not just the token in Satoshi Nakamoto's nine-page white paper. After all, the future is full of uncertainties, and perhaps the current Bitcoin will die completely, but another new currency using cryptocurrency technology will emerge and become the basis for the future world. But if Bitcoin doesn't die, and the future really unfolds as such, who can estimate its value? $69,000? It might just be an insignificant valley. This game of Texas Hold'em has reached its final hand, and whether Bitcoin can win with a Royal Flush remains to be seen. This article does not constitute any investment advice and is merely the author's whimsical musings about the future. It should be taken as entertainment.
have a nice day lensfren😊
Aave and Lens🤓 @stani
Look at his face when I kiss my boy!
Op Vs Arb which one? ..🔴💙
World Cities Catalog - Nr.2 Istanbul/Türkiye Follow & Like ❤️ I will give a small reward (3 Matic) to one of your followers who COLLECT & MIRROR this post. 🎁🎁🎁 Deadline: 7.April 2023 22:00 (UTC)