000 (@nmq58422343) • Hey
000 (@nmq58422343) • Hey
Publications
- jfgukhi
- Hey anon, hey!
Hey @lensprotocol family! We are excited to announce our brand new home, https://hey.xyz!
**Why the change?**
Because we wanted to re-introduce ourselves as the one-stop shop for all things Lens. we will be continuing to showcase the latest features from the protocol while listening to our community for what they want to see next.
We will be exploring communities, open actions, and whole new ways you, your NFTs, and the DAOs you’re a part of can benefit from web3 social powered by Lens. This is just the beginning, so thanks for stopping by, and saying hey!
Collect this first ever post by Hey (24 hours!)
- **Introducing Lens Protocol V2**
Lens Protocol V2 – the next chapter in the evolution of Lens. V2 brings even greater control to builders and integrators as well as people exploring web3-powered experiences. Lens V2 retains its characteristic open design space that gives developers and integrators the choice.
Join us in shaping the future. Dive into the Lens Protocol V2 Open Source Codebase on Github: https://github.com/lens-protocol/core/tree/v2
Explore all the latest V2 features in our latest Mirror post:
https://mirror.xyz/lensprotocol.eth/-hJH-2IYSe56rK7IEdwSI17hUWt-paTyAs1r4Zes0uQ
- ✌️
- 做过ZKS 交互的 记得去认领这个角色 ：https://guild.xyz/zksync-era
- @ethglobal.lens Lisbon booth visitors and @letsraave.lens attendees have been allow-listed 🌿
- 🥾🏞️
- Free collects, now with limits.
Set limits on the quantity and/or limit the time window to 24 hours.
Check out how some creators are already using limited free collects:
@jessyjeanne.lens: https://lenster.xyz/posts/0x73b1-0x2259
@grams.lens: https://lenster.xyz/posts/0x326c-0x09d0
@arterlioz.lens: https://lenster.xyz/posts/0xaeea-0x046d
@lufoart.lens: https://lenster.xyz/posts/0xd3a4-0x0601
@elliepritts.lens: https://lenster.xyz/posts/0x019a20-0xaa
@evanmann.lens: https://lenster.xyz/posts/0x01a5b6-0x9f
- Artificial intelligence can now read thoughts and convert them into text by monitoring a person's brain activity, according to scientists. This breakthrough brings previously unimaginable possibilities in the treatment of people who have lost their ability to speak following a stroke.
A group of scientists has created a decoder that accurately translates brain scans into written words by using an artificial intelligence program that learns to analyze images of the human brain.
The program was trained by having three volunteers listen to podcasts while lying in the scanner for 16 hours, monitoring their brain activity while pronouncing words and sentences. Then the machine was connected to a functional magnetic resonance imaging (fMRI) and scanned the subjects' brains in real-time, reconstructing thoughts and translating them into speech with incredible accuracy while people listened to the story, or even just silently imagined it.
The program works on a semantic level, so it does not directly translate words, but rather meanings. The researchers played four short videos to the subjects in the next phase of the experiment, and the program reconstructed the description of the story well from the brain activity. According to the lead author, neuroscientist Alexander Huth, the findings are excellent, and it is both shocking and exciting that it finally took off after 15 years of research.
- Aspiring developer? Seamlessly transition to #Ethereum compatibility, optimize performance and jumpstart your journey toward creating transformative decentralized applications and DeFi solutions. Join early to be featured on our ecosystem page! #bitfinityEVM
- **Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data**
- The rare ‘Sailboat and the Moon’ scene is ravishingly lovely⛵🌕️
- **Polygon calls on EU lawmakers to address smart contracts in Data Act**
The project claims that the bill, as currently written, could “substantially inhibit innovation and economic growth” in the EU.
Polygon Labs, the core company behind the development of Ethereum layer-2 scaling solution Polygon, has called on policymakers in the European Union to “clarify the scope and intent” of legislation targeting smart contracts.
- **Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach**
A U.S. congressman has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role.
- Don’t let those who take advantage of your generosity stop you from being generous.
- A stunning photo of a lion standing on a mound of bones by photographer Simon Needham.
- ‼️🇺🇸 #Bitcoin is the market’s runaway success story of the year, gaining +80% in 2023 - NYT
- **Ethereum price retests key support level that preceded 60% gains in June 2022**
**ETH/BTC**
-2.44%
**BTC/USD**
-0.48%
Ethereum’s Ether (ETH) token continued its losing streak versus Bitcoin (BTC) for the fifth day in a row as BTC’s price jumped above $30,000 for the first time since June 2022.
On April 11, the ETH/BTC pair dropped nearly 1.6% to 0.0634 BTC to retest multi-month lows.
- **Elon Musk merges Twitter with X, what does it mean for Dogecoin?**Without an official announcement, Twitter Inc. ceased to exist as a company last week — but what does this mean for Dogecoin (DOGE)? As court documents show, X Corp. merged with Twitter Inc. on April 4. The court documents state:
Pursuant to Rule 7.1(a)(1) of the Federal Rules of Civil Procedure, the undersigned attorney for Defendant X Corp., as the legal successor of named Defendant Twitter, Inc., hereby declares that Twitter, Inc. has been merged with X Corp. ..and no longer exists.
The document comes from a lawsuit filed by political activist Laura Loomer against Twitter for violating federal laws when her account was blocked in 2019. What is interesting is the court documents that have been published.
Since April 4, Twitter has been fully acquired by X Corp., owned by Elon Musk. «X Corp. — private corporation. Its parent corporation is X Holdings Corp. No publicly traded corporation owns 10% or more of the shares of X Corp. or X Holdings Corp," the court documents say.
X Holdings Corp. is the parent company of private X Corp. In April 2022, Elon Musk applied for the acquisition of Twitter by three holding companies called X Holdings I, II and III for $44 billion. Subsequently, there were reports that Musk was working on creating a new super company combining Tesla, SpaceX, Neuralink, The Boring Company and Twitter.
Publicly available documents also show that the merger between Twitter and X Corp. Elon Musk was registered in Nevada on March 15, 2023. The documents show that Twitter is now headquartered in Nevada, not Delaware.
It is also worth noting that X.com was an online bank founded in 1999 by Elon Musk, Harris Fricker, Christopher Payne and Ed Ho. In 2000 X.com merged with Confinity and changed its name to PayPal.
What does X mean for Dogecoin?
Since the merger has not been officially announced, it is unlikely to have an immediate impact on the Twitter app in the short term. However, corporate restructuring may be Elon Musk's first step towards turning Twitter into an "app for everything" called X.
In a tweet on October 4, Elon Musk called the acquisition of Twitter "an accelerator for the creation of X, a universal application." The billionaire plans to update the app on the model of the Chinese WeChat.
The main function of the application will be payments. In the past, there have been numerous rumors about the Twitter coin and the integration of cryptocurrencies such as Dogecoin as a means of payment.
However, according to recent reports, the current focus seems to be on fiat payments and a Reddit-like reward system using Twitter Coin.
However, it seems that the integration of Dogecoin and other cryptocurrencies into the application as a means of payment is only a matter of time. For the Dogecoin community, the merger of X with Twitter Inc may mean that the time is approaching when Musk will announce Dogecoin as a payment method inside X.
BREAKING: Twitter Inc. is now X Corp. Twitter Inc. no longer exists.
One Step Closer to X — Everything App @elonmusk pic.twitter.com/9PT4JbQtfb
— DogeDesigner (@cb_doge) April 11, 2023
At the time of publication, the DOGE price was trading at $0.08505 and has increased by 1.7% over the past 24 hours.
- gm Lenster fam 🌸
We are excited to announce the launch of our new Snapshot voting feature. Now you can have your say on important community decisions by simply voting from Lenster.
If you paste any Snapshot URL, it will turn into an interactive widget where you can vote for a proposal. You can also use it with your Lens follower NFTs by configuring Snapshot strategies 🚀
Vote us below if you like this feature 😉 https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718
- Let´s talk ICPInterview with Llorenç Muntaner Perello, Software Engineer at DFINITY Foundation. Let's talk ICP.https://youtu.be/7pHXpOGeWLI
- Hollywood wants me, not Hollywood. "Jackie Chan, happy 69th birthday
- **Cryptocurrency market participants were waiting for economic data from the USA**Cryptocurrency investors and traders were looking forward to economic news from the United States. Today, on April 7, 2023, specialists were supposed to publish information about the change in the number of people employed in the non-agricultural sector and the average hourly wage for March. As a rule, such events had an impact on the value of leading digital coins and tokens.
Market analysts reacted calmly to the upcoming publication of data. They assured that they did not expect strong fluctuations and increased volatility for the leading crypto assets. Forecasts about the economic situation were positive and many expected that the flagship digital currency bitcoin (BTC) would stay above the price of $27,700. This mark was an important level of support.
As of 8:50 Moscow time on April 7, the digital gold exchange rate was fixed at $27,991. This indicator remained almost unchanged over the past 24 hours, losing only 0.01%. The market capitalization of the virtual coin froze at $541.14 billion. Market participants carried out transactions with BTC for $13.02 billion.
As for the second cryptocurrency, in terms of the maximum capitalization on the market, Ethereum (ETH) has fallen in price by 0.84% over the past day. Its exchange rate dropped to $1869.9. The total supply of coins was $225.24 billion. Market participants executed transactions with ether for $8.87 billion.
Among the cryptocurrencies included in the top 10 of the best rating, Dogecoin (DOGE) has seriously lost in price. This meme coin has not fallen in price by 8.15%, after a rapid growth a few days ago, when Elon Musk changed the logo on Twitter. The DOGE exchange rate was $0.839, and the market capitalization was fixed at $11.65. Traders secured trading volumes of null.39 billion during the reporting time period.
- The US SEC may Recognize Ethereum as a Security after ShanghaiThe Ethereum network will activate the Shapella hard fork and the Shanghai update in seven days. In addition to the fear of mass sales of unblocked ETH, the community expects increased pressure from regulators, including the US SEC.
Earlier, the head of the SEC, Gary Gensler, repeatedly argued that all cryptocurrencies, except bitcoin, should be considered securities.
Reed Smith LLP law enforcement partner and former federal prosecutor of the Ministry of Justice Laura Katz believes that Ethereum may face a negative reaction from the authorities to the resolution of the findings of the staked ether.
The SEC will most likely consider the payment of remuneration as income confirming the existence of investment contracts between clients and existing third-party staking services.
As soon as this happens, claims may arise that tracking services are engaged in unregulated and, consequently, illegal placement of securities.
- **Benjamin Cowan: I know when the best time to invest in Ethereum will come**The cryptanalyst shared his opinion about the best moment to buy ether, and also mentioned the indicators that need to be taken into account before purchasing.
Analyst Benjamin Cowen, in an interview with the Altcoin Daily YouTube channel, answered the question - when is it worth buying altcoins, in particular, investing in Ethereum? In response, Cowan referred to the ETH/BTC chart.
The cryptanalyst noted the fact that the ether shows lower highs. However, Cowan is confident in strengthening the position of ether compared to the position of bitcoin. This should happen only in 2024, and maybe in 2025, after Ethereum once again shows a decline against the historically first cryptocurrency, the analyst believes.
Cohen believes that the best time to buy Ethereum will be when the dominance of ETH/ BTC falls into the range of values from 0.03 to 0.04. The analyst assures that he will wait for these figures himself. And until then, he is not going to make a purchase decision.
Earlier, Cowan had already warned about a possible decline in the value of bitcoin after the appearance of the "death cross" on the weekly chart.
- Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgradeEthereum price found news bullish momentum as traders gear up for next week’s major network upgrade.With one week to go until the Ethereum
ETH
tickers down
null,915
Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of null,922 on April 5. Ether price has momentum and here are three strong reasons why.
Multiple positive price achievements
According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also notable on the year-to-date perspective, showing 59% growth.Ether’s ability to break resistance levels is leading some analysts to believe a $3,000 price target is on the horizon in Q2 2023. The trend shows that whale accumulation remains strong, growing by 0.5% in March according to data from analytics provider Santiment.
The bullish buying activity may prove on-chain data correct that Ether sell pressure after the Shanghai hardfork will be a non-event.
- **‘Criminal’ Trump NFTs Rise as Former President Faces 34 Felony Charges.**
Trump's own NFT trading cards are up—but so are these unauthorized knockoffs that show the former U.S. president locked up in prison.
An NFT collection centered on former U.S. President Donald Trump is gaining traction amid his historic indictment on 34 felony counts. But it's not the one he’s endorsed, rather an unauthorized riff that swaps heroic undertones for iron bars and prison jumpsuits.
The Ethereum NFT collection, called Trump Criminal Digital Cards, appears to be an unlicensed knockoff of Trump Digital Trading Cards, a collection of 45,000 NFTs released by Trump last December. Trump's official collection also saw a sales rise on Tuesday.
The Trump Criminal Digital Cards project was launched around two weeks ago, at a time when speculation mounted that Trump could soon be indicted in connection to alleged hush money payments he illicitly made to pornographic actress Stormy Daniels in 2016.
Artwork from the Trump Criminal Trading Cards collection. Image: Trump Criminal Trading Cards
The collection’s total supply is limited to 945 different NFTs, and of the 28 sales that had taken place over the past day, a few purchases were tagged as “Smart Money Buys” on Nansen—part of the analytics platform's functionality for tracking prolific traders.
Lifting elements from Trump’s NFT collection, such as his face—both a smiling and pixelated version—the new collection depicts Trump in various jail cells and wearing different types of prison garb. One of the rarer outfits he’s featured in includes a metal ball and chain tethered to his ankle.
The prison-themed take on Trump’s NFT collection has seen its floor price rise to 0.017 ETH or $31 over the past day, according to data from Nansen. At the same, its trading volume has risen to 1.13 ETH from 0.03 ETH the day before, an increase of around 3,600%.
Compared to the legitimate Trump NFT collection, Trump Criminal Trading Cards have a much lower floor price and far less volume. Trump Digital Trading Cards have seen 35 ETH or $64,000 worth of trading volume over the past day, and the cheapest one is currently listed at $937, according to data from NFT Price Floor.
Additionally, the estimated market cap of Trump Criminal Trading Cards on Nansen is 12 ETH or less than $23,000. Meanwhile, Trump’s official NFT collection has a total market capitalization of $42 million, according to NFT Price Floor.
Trump’s legitimate NFT collection has seen turbulent momentum since the collection’s debut, when the NFTs could be minted for $99 apiece. The starting secondary market price for the collection has been above null,000 per NFT in recent days, including a brief surge after the impending indictment was revealed.
- While it seem like harmless fun, the obsession with joke coins like Dogecoin is doing more harm than good to the reputation of the crypto & blockchain industry.https://edition.cnn.com/2023/04/03/investing/dogecoin-elon-musk-twitter/index.html
- A squirrel's tail has quite a few uses: it aids in swimming, helps cushion falls, they use it to try and protect themselves from being prey, and they also use it to adapt to different weather. In snow/rain it can act as an umbrella.
- Selecting your audience on @wav3s.lens
- White Rabbit
- What do Lensians think about EigenLayer? Seems kind of a way to bring better Cosmos ecosystem type of a solution on Ethereum
- Last Mile DeFi, the 10-part podcast I've been working where we explore the frontiers of DeFi in Latin America, has been such a blast to produce and share with the world. Really appreciate the kind words and support you've all given me over the course of the last few weeks and excited to continue to see grow in the future.
I've noticed that there's been a ton of education and value that people have gotten from the podcast, and I'm grateful to tell the stories of incredible builders throughout Latin America that are truly bringing about systemic change through peer-to-peer financing.
I've also been thinking about where things go next for me and the content I've been producing. I'd like to continue sharing the stories of amazing builders passionate about leveraging technological and cultural innovation to usher in the (r)evolution for more just and prosperous futures. By that said, I'd like to understand if this might be something that you'd all be interested in continuing to engage with and learning through. I'm thinking of expanding the content past Latin America and DeFi and rather exploring some themes regarding: Network States, ReFi, Funding, Decentralized Social, Identity, Scalability, and beyond. The podcast will likely go through a rebrand as well, so I'll keep you posted on that front.
Some questions for you:
What additional content would you like to see? What emphasis should we explore? Who do you think fits the bill for the next evolution of the podcast? Who would you like to see on the podcast for season 2?
(P.s. doing another art airdrop for the first 6942 followers on Lens, so let's connect before the next wave comes in!)
- Tune in next week! 🏏
[Phaver 🦄 on Twitter](https://twitter.com/phaverapp/status/1641798524864978947)
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- Hold fast to dreams,
For if dreams die
Life is a broken-winged bird,
That cannot fly.
- Elon Musk, Steve Wozniak, and more than 1,000 other artificial intelligence experts and IT industry representatives called for a six-month moratorium on training AI systems that are more productive than the recently introduced OpenAI GPT-4 model. In an open letter, they warned of the potential risks to society.The letter was published by the nonprofit Future of Life and signed by many prominent people in the IT industry. They have all called for a "pause" in AI development before common protocols and security standards are developed for the industry and their application is verified by independent auditors.
"Extensive research has shown that such artificial intelligence systems that compete with humans can pose a serious danger to all humanity," the letter reads.
**An Open Letter: https://futureoflife.org/open-letter/pause-giant-ai-experiments/**
- Collect the first ever Ziggy Ziggy snippet for free 💫
This blissed-out track comes from Beachcrimes - a dance duo and former songwriters for Chainsmokers and Halsey.
BONUS: We'll randomly select one collector to airdrop a full version of the track when it drops on Sound.xyz. Follow us for more snippets soon!
- Serene 😍
- **Robots in law. Should artificial intelligence be held accountable for its misdeeds?**
**Technological practices are significantly ahead of the ethical and legal discussions around them. Therefore, any output of the machine beyond the limits of the conditional norm can provoke misunderstanding or aggression**.
global cases of legal regulation of robotics, cryptocurrency markets, dissemination of false information (fake news), agricultural technologies, unmanned transport, education for the digital economy,
**Dangerous independence**
In the USA, judges use estimates obtained from various computer algorithms when passing sentences. For example, from the Compas system, which predicts the risk of committing a repeat crime. In 2016, Eric Loomis, one of the prisoners she recognized as potentially dangerous, received six years in prison. Considering that the algorithm worked incorrectly, Loomis appealed, but failed. It was not possible to find out on the basis of what information the decision was made: the technology belongs to a private company and is a trade secret.
The secret program makes its verdicts on a variety of data about a person — his age, gender, nationality, education, income, biography facts, psychological characteristics, etc. The correctness of such "judging" is not recognized by everyone. An experiment by scientists from Dartmouth College (USA) showed that Compas is effective only in 65% of cases. Nevertheless, over 20 years, it has been used to evaluate the behavior of more than a million defendants.
The technology from the fantastic thriller "Special Opinion" by Steven Spielberg has been in reality for a long time. Computers determine the degree of danger of a person, the police receive lists of potential criminals. How ethical is this and what does it threaten? Documentary filmmakers are looking for answers in the film "PRE-CRIME" (Germany, 2017).
Systems based on artificial intelligence (AI), including intelligent robots, make laws, manage transport and roads, treat, and make production deserted. They become more complex, and therefore more autonomous, reducing a person's ability to understand and control the logic of their "actions".
On the one hand, control is already limited: most of the algorithms are patented, trade secrets, as in the case of Loomis, do not allow us to fully understand the mechanisms of their action. On the other hand, even creators are not immune from the unpredictability of their creations: systems can learn from their own experience, absorb social stereotypes and make decisions based on this.
This tendency to independence raises questions of legal responsibility of AI. The widespread transition to smart technologies is not far off, and for it, the authors of the report believe, "a radical revision of many legal norms in force since the time of Roman law is necessary."
How to regulate the computer brain?
Several models are proposed — from the transfer of existing legislative norms to artificial intelligence to the creation of fundamentally new ones. AI technologies can be considered as:
**The object of copyright, property or a source of increased danger**
Application of norms on copyright protection, property or sources of increased danger.
For example, in relation to financial algorithms for making transactions or in cases of accidents involving unmanned vehicles. So far, there are few such incidents and the proceedings often do not reach the court. But technological progress and the ability of the artificial brain to autonomy will increase both the number of such cases and the difficulties with their regulation.
**Special type of property**
The use of norms regulating a special type of property — animals, since the latter can also behave autonomously.
In legal systems, general property rules usually apply to animals, therefore, owners will be responsible for AI, as well as for animals. However, this approach has limitations:
within the framework of criminal law, the application of legislation by analogy is unacceptable;
the existing norms are created primarily for pets, which should not cause harm under normal circumstances. In some countries, "in certain cases, stricter regulations on wild animals can be used, but this threatens to slow down innovation due to unpredictable risks."
**Legal entity**
Application of the rules on legal entities.
Intelligent machines that have received this status will bear the same responsibility as a legal entity. However, even here there is a problem with analogies: "the actions of legal entities always go back to the actions of an individual or a group of people. The actions of systems based on artificial intelligence will not necessarily directly go back to human actions."
**New legal category**
AI technologies are endowed with "special legal personality".
In 2017, the European Parliament adopted the resolution "Norms of civil law on robotics". In addition to other liability options, it is proposed to give the most advanced machines a special legal status of an electronic person. "The resolution does not specify, but it implies that such robots will be able to independently be responsible for the damage they cause," explains Maxim Karlyuk.
**In conclusion**
The resolution of the European Parliament provides for a system of compulsory insurance of robots by their owners and manufacturers (like liability insurance of car drivers in the event of an accident). And when the damage caused is not covered by insurance, the money must be paid from a special compensation fund.
So far, these are only good intentions. In practice, there are no full-fledged laws on the robot sphere and artificial intelligence as such in the world.
- 又是周五，可以好好放松休息两天了
- **Neuralink in Pursuit of Clinical Trials Partner: A Glimpse into the Future of Brain Implants**
*Photo by Cash Macanaya on Unsplash*
Elon Musk’s brain implant company, Neuralink, has been in talks with Barrow Neurological Institute as a potential partner for clinical trials. The Arizona-based institute specializes in the treatment and research of neurological diseases and has been approached to help carry out human trials on Neuralink’s revolutionary brain implants. The company has been working on developing this technology since 2016 with the goal of curing intractable conditions like paralysis and blindness.
**FDA Rejection and Safety Concerns**
However, Neuralink faced a significant setback when the FDA rejected its application to progress to human trials in early 2022, citing major safety concerns. Since then, the company has been working diligently to address these concerns, but it remains uncertain whether or not they will be successful in meeting the agency’s requirements.
**Partner with Barrow**
Francisco Ponce, the director of Barrow’s Center for Neuromodulation and Neurosurgery Residency Program, acknowledged that Barrow has helped standardize brain implant surgeries in which the patient can remain asleep, a key step in making it more acceptable to a broad set of the population. Although Ponce declined to comment on Neuralink specifically, he noted that Barrow is well-positioned to conduct such implant research due to its long track record in the field.
**The Future of Brain Computer Interface (BCI) Devices**
Neuralink’s brain implant is a BCI device that uses electrodes to provide direct communication to computers. Currently, no company has received FDA approval to bring a BCI implant to the market yet. However, Musk’s vision for Neuralink’s brain chip is that it will become as ubiquitous as Lasik eye surgery. Although the company faces significant regulatory hurdles, its partnerships with leading neurosurgery centers like Barrow are an encouraging sign that progress is being made towards making the technology a reality.
**Impact on Education**
The successful development of Neuralink’s brain implants could have a significant impact on education. Students with disabilities like paralysis or blindness could potentially benefit from this technology, as it could allow them to communicate more effectively and participate more fully in the classroom. The technology could also provide opportunities for new forms of learning, such as direct brain-to-computer communication, which could revolutionize education as we know it.
**Final Thoughts**
While the potential applications of Neuralink’s brain implants are undoubtedly exciting, there are also valid concerns about their safety and ethical implications. The company has faced probes into its practices, including potential animal welfare violations and mishandling of hazardous pathogens during animal trials. Additionally, the use of brain implants raises questions about privacy and the potential for exploitation by individuals or organizations.
As with any emerging technology, it’s essential to consider the potential risks and benefits carefully. While the future of brain computer interface devices is promising, it’s crucial to approach their development and implementation with caution and careful consideration of all potential impacts. Let me know if you would use NeuroLink.
(с) Pyry Pajunen
- Are you ready to free the bird, degen??
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- **SoftServe, Ultra, Coinweb, ConsenSys, DSCVR and XDC Foundation on Blockchain Misconceptions**
*We have the invention and evolution of technology to thank for some of humanity’s most significant advances. The invention of the telephone in 1876, the aeroplane in 1903, the computer in 1937, and the internet in 1974 all completely changed how we live our everyday lives. As technology advances, how can the likes of web3, the metaverse, blockchain and DeFi change the future of fintech?*
*Continuing our focus on decentralised finance (DeFi), virtual assets and blockchain, The Fintech Times asked a number of industry experts what are the most common misconceptions of blockchain, and what are unexpected use cases we may see come into play in the future.*
**‘A key weapon in a financial institution’s armoury’**
**Esther Tapia** is the financial services senior marketing manager in EMEA for **SoftServe**, the financial and banking solution provider. Tapia discusses how blockchain’s potential continues to grow, serving a wide range of businesses.
“Blockchain is becoming a key weapon in a financial institution’s armoury to optimise costs, tighten security and improve efficiency, and is no longer just a gimmick spinoff from the crypto space that many originally positioned it as.
“That is not to say it has suddenly become part of mainstream IT thinking or infrastructure, but it is steadily proving itself to be a valuable, flexible, and highly practical technology that can support diverse business needs across the enterprise.
“By leveraging blockchain-ready infrastructure bank and insurance IT innovators can now be ready to bring novel business ideas through rapid and safe validation in a blockchain sandbox, without disrupting existing IT systems. It can become a key instrument to efficiently help connect the dots of business objectives using the best available technology.
“A sandbox significantly lowers the price (and risk) of entry for the testing of new initiatives, enabling rapid, safe and cost-efficient innovation. SoftServe’s blockchain sandbox not only serves our own needs but helps our customers quickly deploy innovation and hypothesis validations. The solution includes rapidly deployed blockchain-ready infrastructure; basic functionality for Ether, Hedera and Polygon and leverages a library of smart contracts to support a wide range of use cases, including instant payments, digital asset management, as well as crypto wallets and tokens.
“Irrespective of the use case that runs in the sandbox once proven users can switch smoothly from the isolated environment without compromising safety and with minimal additional effort. This helps businesses meet long-term strategic goals while managing cost optimisation pressures and other short-term priorities.”
**‘Set to change how players experience games’**
**Nicolas Gilot** is the founder and CEO of **Ultra**, the blockchain-enabled entertainment platform. Gilot explains how blockchain is typically associated solely with cryptocurrency, but how it could change the gaming landscape.
“The most prevalent misconception around blockchain is that cryptocurrency is the sole use-case for blockchain. Although it was the first, the technology has developed well beyond the encryption of a digital currency.
“One of the more promising and unexpected use cases for blockchain relates to gaming. This technology is set to change how players experience games and how they perceive games. Gamers can now truly own their in-game assets through tokenisation: the process of turning a digital file into an encrypted token.
“True ownership of game assets means players are not limited to the data system of the game they’re playing, but now they have access to a network of gamers who may well be interested in any assets you’ve attained.”
**‘Blockchain is going to change the world’**
**Toby Gilbert**, CEO and co-founder of **Coinweb**, discusses how blockchain technology may be suffering due to an unfair unfortunate reputation. Gilbert explains how blockchain tech could actually revolutionise the world we live in.
“Blockchain is going to change the world, put everything on the blockchain and all real-life assets will soon be tokenised are some misconceptions that are regularly banded around the market. Usually, put out by projects looking to hype their tokens and gain traction, which in most cases leads to over-promising and massive under-delivery, further miring the reputation of the space and making it considerably harder for legitimate projects to gain the attention and support they need.
“The reality of the situation is that blockchain technology whilst revolutionary in its ability to deliver trust and transparency by decentralising processes, as well as the promise to automate cumbersome processes and create direct value by tokenisation, can actually be viewed as an upgrade to existing technology, legacy processes and systems.
“Unexpected use cases to demonstrate this include the ability to tokenise existing payment processes that are subject to expensive credit card processing. In this flow, users can be incentivised to buy bundles of tokens (existing feature) that have an intrinsic value as they are tradable (new feature) and the end user has ultimate custody and ownership (new feature) to pay for a merchant’s services. The funds received from the user are held on yield-earning accounts offsetting high processing fees. This makes otherwise loss-making businesses profitable and encourages new innovative start-ups to build on blockchain.”
**‘Blockchain can introduce proof of provenance’**
**Marta Piekarska**, senior DAO strategist at **ConsenSys**, explained her view on misconceptions regarding blockchain and what a reality using blockchain technology really looks like:
“Blockchain is often seen as a panacea for every problem that ever existed. On the other hand, it is also seen as a buzzword, a gimmick that overpromises and underdelivers. The reality is that it is a technology just like any other and can be used to improve efficiency and decrease the need for trust in systems. While this is a need that most industries have, the cost of switching is often too high compared to the gains made with the switch. I think the greatest and most interesting use case for blockchain is provable provenance.
“Our world is fully connected, quite digital, but the internet is missing a layer – one that allows us to prove the connection between data sent and what was received. If I send you an email – how do you know it is the same email you receive and someone didn’t spoof it? If you download new software, how do you know that the app is the one that the developers put up?
“This need for trust is what leads to many inefficiencies and a lack of trust in supply chains (meaning sending a thing from one place to another). Blockchain can resolve it and introduce proof of provenance as a default.”
**‘Blockchain’s most novel use cases lie in social media and community’**
**Rick Porter** is CEO and co-founder of **DSCVR**, a decentralised social media network that enables users to maintain ownership over their content and social identities online.
“One common misconception about blockchain is that it is synonymous with cryptocurrency. While blockchain is indeed the technology that underlies many cryptocurrencies, it has many other potential use cases far beyond them – for instance, in supply chain management, digital identity verification, voting systems, and more.
“Another misconception is that blockchain is completely anonymous and private. While it is true that transactions on a blockchain are pseudonymous, meaning that a user’s identity is not directly linked to their public address, it is still possible to trace transactions back to their source with certain techniques.
“Blockchain’s most novel use cases lie in social media and community. For instance, decentralised social networks can utilise blockchains to allow communities to organise DAOs and participate in the economics of the social platform. Creators can build communities which can raise assets from their members, or earn assets from traditional sources like advertising, tips and brand deals. These assets can even be distributed back to the most active community members. Communities around a variety of subjects from commerce (Community owned and driven **eBay**) and investing to entertainment and political action. Web2 platforms do not currently enable such direct social financial action.
“Many of these platforms, including DSCVR, are gaining popularity in recent years as users want more control and economic participation for their communities than traditional social media platforms.”
**Blockchain use cases ‘can make a big difference for businesses’**
**Billy Sebell**, executive director at **XDC Foundation**, also commented on the wide range of blockchain use cases.
Sebell said: “The range of blockchain use cases that can make a big difference for businesses is so much wider than people think. Blockchain allows for a new set of applications to be built on decentralised networks. These dApps allow for cheap access to shared data as well as offer a host of financial instruments that can be automated, such as NFTs and cryptocurrencies.
“NFTs can act as a unit of account or a representation of an object to be exchanged as a derivative on the blockchain network and automate its rules within the network’s smart contract. Blockchain technology ultimately allows for the free exchange of value and data between a dApp’s users as well as the ability to be hosted without a central server to maintain the system.
“Think of the use cases that blockchain can do on a local level. For example, real estate tokenisation is emerging as a more localised or regional use case. Land registry has a utility that can make a big difference on the blockchain when it comes to costs for communities managing deeds and associated disputes. In the past, someone could forge a deed because there wasn’t an immutable method for recording these transactions. So go to local offices, work with regional officials and look for ways to incorporate blockchain into those local municipalities. From there you can take that model and build it across the country.”
- Ronnie uses Collateral Swaps.
Available across all V3 markets on app.aave.com. Powered by ParaSwap.
- Thanks to @madfinance.lens for providing me with this INTEL 💥
Ranked 2️⃣1️⃣. Ill take that
Guessing its not just a #FOLLOWERS game
I just APPEARED out of no where ANONS 👻
#LENS #MADFI
- Web3 Content Creators, it's time to take your content to web3.
There's no excuse.
Medium --> Mirror
Twitter --> Farcaster
Youtube ---> Lenstube
Substack ---> Paragraph
If you believe in the ethos of web3, then start creating there.
- 🙏
- 🔆🌞☀️🌳#bridge💫💞
- 🏆 "Golden Fleece" by Khabib Nurmagamedov🐏
The amazing story of Habib and his ascent to Olympus is incredibly similar to the myth of the Golden Fleece.
**Khabib Nurmagomedov's hat is a totemic attribute that accompanies the champion everywhere. For many fans of the Russian athlete, his national fur hat has become not just recognizable, but also a coveted**
Habib's hat is made of sheep's wool, very much reminds me of the golden fleece extracted by the Argonauts from the dragon's mouth.
***The Myth of the Golden Fleece***
One of the characters of ancient Greek mythology is Kri, a ram with a golden fleece, who was considered the son of Poseidon and Theophane. He was sacrificed to the god of war Ares. It is known from mythology that he had the ability to fly.
It was on it that Frix and Hella went to Colchis. According to Hecateus, he had the ability to speak in a human voice, encouraging Phrixus, he himself ordered him to be sacrificed to the gods.
The historical interpretation of this event suggests that Crius was the mentor of Phrixus, who managed to deliver Phrixus to Colchis (Asia) by ship, and Hella, not surviving, died on the way. Kriya was sacrificed to the gods by flaying him.
Then his skin was gilded and hung in the temple. According to Eratosthenes, the ram himself took off his golden skin, gave it to Phrixus and, ascending to heaven, became one of the constellations. The constellation of Aries was named by the Greeks in honor of Kriya, from whose skin the Golden Fleece was obtained.
**Khabib is undoubtedly a champion who ascended the sacred Olympus by right of his ancestors.**
**Whether he is the ancestor of the Agonaut or the much older Scythians, history is silent.**
**But one thing is obvious, Khabib is an invincible champion and will remain so forever.**