Blockchain Thinking : The Brain as a Decentralized Autonomous Corporation
https://technologyandsociety.org/blockchain-thinking-the-brain-as-a-decentralized-autonomous-corporation/ #somee #blockchain #pob #nftm

Change in the US dollar dominance
We are at a convergence point where I just read that the dominance of the US dollar has diminished to 58% internationally. Something we can predict for sure is people have lost faith in the US dollar!
When you live artificially on credit to manage a government without controlling your spending.
It is scary!
An individual who does not control it is spending and living on credit cards. The outcome will materialize in bankruptcy. It is important to always control your cash flow.
In the case of the US government, they just increase the debt ceiling and print again more money. They have privileges that they have abused and keep repeating.
Global reputations
Don't blame other influential countries for trying to change the chessboard globally. It is always a question of prestige, power, and balance in the world order.
Nothing can remain the same forever and everything changes!
Countries like China, and Russia keep buying gold for preserving value because fiat money has a tendency to keep dropping. Even governments who have the US dollar as a reserve, lose purchasing power.
We know the US has a tendency to keep printing money for fixing every issue they have. During the covid pandemic, they have injected over 4 trillion dollars into the economy.
Something needs to change
I believe the accumulation of gold by central banks is the best option on the table. This precious metal has proved to preserve wealth for over 5000 years in human history.
Until we mine gold in space...we need to bet on this asset to keep more money in our pockets. Maybe soon we are going to see central banks purchase assets like Bitcoin, and Ethereum to have value in their balance sheets.
Crypto offers a good alternative to the actual financial system. We are not there yet but it is something we can see appear in the next decade.
We are in a transitional state in the financial world. Nothing is permanent and change brings novelty and fresh air.
Focus on central banks
I don't believe the Yuan will be the solution in the short and medium term as a global currency. An authoritarian regime that tries to control everything from individuals to freedom, companies.
I prefer Western values where you have the freedom to express, live, and breathe the way your want.
Banks will keep purchasing gold and make sure they have enough on their balance sheet. You cannot keep using the US dollar as a global currency. We have seen that the US just put more money into the circulation.
Last word
The de-dollarization is a reality that we experience as we speak and is going to accentuate in the next 5 years. We have to bet on gold, crypto, and Bitcoin which is completely decentralized.
I don't know what the future might bring but we need to embrace this paradigm shift with an open mind. We have always the option to choose to invest in assets that keep their value.
To rely only on the US dollar is a reality we need to change and adapt.
Have a wonderful and blossoming day!
PS: It is only my personal opinion. I am not a financial advisor and always do my own research.

Omnichain platforms are solutions that aim to improve interoperability and connectivity between different blockchain networks. They seek to overcome the obstacles presented by decentralized applications being limited by the compatibility of the blockchains they use. It is a solution for fragmentation, bottlenecks, and the slowness with which Ethereum and Bitcoin protocols advance and their compatibility with different smart contracts.
The idea is that applications can choose different characteristics of different blockchains, maximizing their benefits.
The best omnichain platforms to use are:


a. Cosmos Network: It is one of the most prominent platforms, which has gained a large number of users and developers in recent years. It offers a simple and elegant solution for interoperability using its inter-blockchain communication protocol. Also, it offers support for DeFi applications and even non-DeFi, such as Althea and Persistence.


b. Polkadot: It is a platform that allows interoperability of different blockchain networks but through a more complex and highly customizable mechanism. It offers more customization options, making it more suitable for specific and complex applications.



Kevin Albrecht, co-founder of Chainflux: "Cosmos is in a unique position to help connect all these chains and facilitate interoperability. I think Cosmos is one of the most promising solutions for long-term interoperability."
Santiago Roel Santos, founder of Blockchain Academy Mexico: "Polkadot is one of the most exciting and promising platforms in the current cryptographic space. It not only offers a solution for chain-to-chain interoperability but also for scalability and security."

The show will go on regardless.
Technological innovation cannot be stopped.
Decentralized technology even more so. #crypto #blockchain #technology #innovation #unstoppable

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Splinterlands is a popular blockchain-based collectible card game (CCG) that has its own native cryptocurrency called Splinterlands Token (SPT). The game offers numerous opportunities for players, investors, and content creators alike. Here are some key opportunities associated with Splinterlands (SPT) cryptocurrency:
Gameplay Rewards: Splinterlands provides an opportunity for players to earn SPT tokens through gameplay. Players can participate in ranked battles and tournaments, complete quests, and earn rewards based on their performance. These rewards can be in the form of SPT tokens, which players can then utilize within the game or trade on various cryptocurrency exchanges.
Play-to-Earn Model: Splinterlands follows a play-to-earn model, which means players can earn a significant income by playing the game regularly. Skilled players can compete in the ranked battles and tournaments to win rewards, including SPT tokens. This allows players to monetize their gaming skills and dedication to the game.
Token Utility: SPT tokens have multiple utilities within the Splinterlands ecosystem. They can be used to purchase new card packs, access special events, participate in tournaments, and upgrade existing cards. The demand for SPT tokens increases as the player base grows, thereby potentially increasing the value of the cryptocurrency.
Trading and Investment: Splinterlands has its own marketplace where players can buy, sell, and trade cards using SPT tokens. Players who have acquired valuable and rare cards can sell them for a profit, thereby creating an opportunity for trading and investment. Additionally, as the game gains popularity and the player base expands, the value of certain cards may increase, presenting investment opportunities for collectors and traders.
Content Creation and Streaming: Splinterlands has a vibrant community of content creators and streamers who produce gameplay videos, tutorials, and strategy guides. These creators can monetize their content by receiving tips and donations in SPT tokens. As the game continues to grow, there is an increasing demand for engaging and informative content, creating opportunities for content creators to establish themselves and earn income through their creations.
Blockchain Benefits: Splinterlands operates on the Hive blockchain, which provides transparency, security, and ownership of in-game assets. The blockchain ensures that the scarcity and uniqueness of digital cards are maintained, preventing duplication or fraud. This opens up opportunities for players and investors to securely own and trade digital assets without relying on centralized platforms.
Community Governance: Splinterlands has a decentralized autonomous organization (DAO) called the Splinterlands Governance Body (SGB). SPT token holders have the opportunity to participate in the governance process by voting on proposals and decisions related to the game's development, new features, and rules. This allows token holders to have a say in the future direction of the game.
It's important to note that cryptocurrency investments involve risks, and the value of SPT tokens can fluctuate. Therefore, it is advisable to conduct thorough research and due diligence before participating in any opportunities related to Splinterlands (SPT) cryptocurrency.
Posted using Splintertalk

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Bitcoin, the pioneering cryptocurrency, has gained significant attention and popularity since its inception in 2009. However, its decentralized nature, volatility, and potential risks have led to debates about the possibility of governments considering the outlawing of Bitcoin. In this article, we will explore some potential reasons that could contribute to such a decision.
Regulatory Challenges:
One primary concern for governments is the lack of regulatory oversight in the cryptocurrency market. Bitcoin's decentralized nature allows for anonymous transactions and can potentially facilitate illicit activities such as money laundering, tax evasion, and illegal transactions. Despite efforts to establish regulations and anti-money laundering measures, the anonymity provided by Bitcoin still poses a challenge for authorities to monitor and control financial transactions effectively.
Financial Stability and Consumer Protection:
Bitcoin's extreme price volatility can disrupt financial stability and endanger consumer protection. The cryptocurrency's value has witnessed significant fluctuations, often driven by speculative trading, market manipulation, or unexpected events. Such volatility can negatively impact investors, businesses, and overall economic stability. Governments may see the need to protect their citizens from potential financial losses associated with participating in the volatile cryptocurrency market.
Monetary Policy Control:
Central banks maintain the responsibility of implementing monetary policy to manage national economies effectively. Bitcoin, being decentralized and beyond government control, poses a challenge to the central bank's ability to influence and regulate monetary systems. If Bitcoin gains widespread acceptance, it could potentially undermine a government's control over its own currency, leading to potential economic instability.
Cybersecurity and Fraud:
As with any digital platform, Bitcoin and other cryptocurrencies are susceptible to hacking, fraud, and cyber attacks. Despite the implementation of robust security measures, cryptocurrency exchanges and wallets have experienced numerous high-profile breaches in recent years. These security vulnerabilities raise concerns regarding the protection of users' funds and the potential for criminal activities, which could further contribute to governments considering the outlawing of Bitcoin.
Potential Loss of Tax Revenue:
Governments rely on tax revenues to fund public services and infrastructure development. The anonymity associated with Bitcoin transactions presents challenges for tax authorities to identify and track taxable income. The potential widespread adoption of Bitcoin could lead to a substantial loss of tax revenue, making it difficult for governments to meet their financial obligations.
Conclusion:
While Bitcoin has attracted a vast user base and supporters who believe in its potential to revolutionize the financial system, several factors may lead governments to consider outlawing it. Regulatory challenges, concerns regarding financial stability and consumer protection, the potential loss of monetary policy control, cybersecurity risks, and the potential impact on tax revenues are some of the primary reasons that may drive governments towards such a decision. However, it's important to note that this article explores potential reasons and does not reflect the definitive outcome or consensus on the future of Bitcoin. The cryptocurrency landscape remains complex and subject to ongoing discussions and developments. #bitcoin #btc #someeofficial #waivio #thgaming #nftm #archon #hivelist

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Blockchain technology has the potential to surpass the internet in terms of its transformative impact and widespread adoption. While the internet revolutionized communication and information sharing, blockchain introduces a new paradigm that revolutionizes trust, security, and decentralized transactions. Here are several reasons why blockchain has the potential to surpass the internet:
Enhanced Security and Trust: One of the fundamental features of blockchain technology is its ability to create a highly secure and tamper-resistant network. Unlike the internet, which relies on centralized authorities and intermediaries to validate transactions and secure data, blockchain utilizes a decentralized network of nodes that collectively validate and record transactions in an immutable ledger. This distributed consensus mechanism eliminates the need for intermediaries, reduces the risk of fraud, and enhances trust among participants. As data breaches and online fraud continue to plague the internet, blockchain's inherent security features make it a compelling alternative.
Decentralization and Empowerment: The internet brought about a centralized model where power and control are concentrated in the hands of a few large corporations. In contrast, blockchain enables decentralization by distributing control and decision-making among network participants. This decentralized nature has the potential to democratize various industries, such as finance, supply chain, and governance. Through blockchain-based platforms, individuals can directly interact and transact with one another, bypassing traditional gatekeepers and intermediaries. This empowerment of individuals and communities fosters innovation, reduces inequality, and challenges the centralized status quo.
Immutable and Transparent Records: Blockchain's distributed ledger technology ensures transparency and immutability of records. Every transaction or piece of data added to the blockchain is recorded permanently and cannot be altered without the consensus of the network. This feature eliminates the need for trust in centralized authorities, as anyone can independently verify the integrity of the blockchain's history. Such transparency and immutability can have far-reaching implications for industries that require auditability, such as supply chain management, healthcare, and voting systems. By providing an indisputable and traceable record of events, blockchain technology enhances accountability and reduces fraud.
Smart Contracts and Automation: Blockchain's programmable capabilities, particularly through smart contracts, enable the automation of complex transactions and agreements. Smart contracts are self-executing contracts with predefined rules and conditions embedded in the blockchain. They eliminate the need for intermediaries and automate the enforcement of agreements, thereby reducing costs, increasing efficiency, and minimizing human error. This automation potential has vast implications across various sectors, including finance, real estate, intellectual property, and supply chain management. By streamlining processes and increasing efficiency, blockchain's smart contracts can reshape industries and drive substantial economic benefits.
Tokenization and New Economies: Blockchain technology facilitates the tokenization of real-world assets, enabling the representation of physical or digital assets as tokens on the blockchain. This tokenization unlocks the potential for creating new economies and markets. It enables fractional ownership, liquidity, and seamless transferability of assets that were previously illiquid or inaccessible. Tokenization has the potential to revolutionize finance, art, real estate, and even personal data ownership. By enabling the creation of decentralized marketplaces and new economic models, blockchain technology can disrupt traditional industries and foster innovation.
While the internet has transformed the world, blockchain technology presents a paradigm shift that can surpass its impact. With enhanced security, decentralization, transparency, automation, and the potential for new economies, blockchain has the power to reshape industries, empower individuals, and foster trust in ways that the internet alone cannot achieve. As blockchain continues to evolve and find applications in various sectors, its transformative potential is becoming increasingly evident, making it a strong contender to surpass the internet in terms of its overall impact.

The trustworthiness of Bitcoin, a decentralized digital currency, is a complex topic that warrants careful analysis. To evaluate whether one would still trust Bitcoin if it were to experience a drastic crash in value, such as plummeting to $300, it is essential to consider various factors, including the underlying technology, historical context, market dynamics, and individual perspectives.
Fundamental Technology:
Bitcoin is built on blockchain technology, which provides transparency, immutability, and security. The technology's integrity remains intact irrespective of short-term price fluctuations. Supporters of Bitcoin argue that its underlying technology remains robust even during price crashes, reinforcing their trust in the long-term viability of the cryptocurrency.
Historical Perspective:
Bitcoin has witnessed multiple price crashes throughout its existence. Notably, the cryptocurrency experienced a significant decline from its all-time high in late 2017 to a low point in early 2019. Despite this decline, Bitcoin has shown resilience and a propensity to recover and reach new heights. Past recoveries and subsequent price appreciation may influence individuals' trust in Bitcoin, as they perceive such crashes as temporary setbacks.
Market Dynamics:
Bitcoin's market dynamics are influenced by various factors, including supply and demand, investor sentiment, regulatory developments, and macroeconomic conditions. Sudden drops in price can be triggered by factors such as negative news, regulatory uncertainty, or market manipulation. Analyzing the specific reasons behind a crash to $300 is crucial for assessing the trustworthiness of Bitcoin. If the crash is driven by market manipulation or temporary external factors, individuals may maintain trust in Bitcoin's long-term potential.
Risk Tolerance and Investment Strategy:
An individual's trust in Bitcoin during a $300 crash will depend on their risk tolerance and investment strategy. Those with higher risk tolerance and a long-term investment horizon might see the crash as an opportunity to accumulate Bitcoin at a discounted price, believing in its eventual recovery. Conversely, individuals with lower risk tolerance or short-term investment goals might lose trust in Bitcoin and perceive it as a highly volatile and unreliable asset.
Fundamental Value and Adoption:
Bitcoin's trustworthiness is also influenced by its fundamental value and adoption. Supporters argue that Bitcoin's scarcity, decentralized nature, and potential for disruption in traditional finance provide a solid foundation for trust, irrespective of short-term price fluctuations. Additionally, the growing adoption of Bitcoin by individuals, institutions, and governments can reinforce trust in the cryptocurrency's long-term potential, even in the face of a price crash.
Conclusion:
Determining whether one would still trust Bitcoin if it crashed to $300 is a subjective decision influenced by various factors. While price crashes can test investor confidence, it is crucial to assess the underlying technology, historical patterns, market dynamics, risk tolerance, and individual investment strategies. Bitcoin's long-term potential, fundamental value, and adoption rates also play a significant role in shaping trust. Ultimately, each individual must carefully evaluate these factors to make an informed decision about their trust in Bitcoin during periods of extreme price volatility.

Seems Ledger hardware provider are making a U-turn on its use of third-party recovery phrase keys service, the decentralized wallet CEO made ab announcement that on pivoting the use of centralized means to store users recovery phrase keys.

#awesme #somee #crypto #ledger

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Investors love Binance for several compelling reasons. Binance, founded in 2017 by Changpeng Zhao (CZ), has emerged as one of the leading cryptocurrency exchanges in the world. Here are some key factors that contribute to its popularity among investors:
Strong Market Position: Binance has established a dominant position in the global cryptocurrency market. It consistently ranks among the largest exchanges by trading volume and boasts a broad user base. The exchange's popularity and reputation attract a vast pool of traders and investors, ensuring high liquidity and a wide range of trading opportunities.
Extensive Range of Cryptocurrencies: Binance offers an extensive selection of cryptocurrencies for trading. It supports a vast array of digital assets, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins. This wide range of options allows investors to diversify their portfolios and capitalize on various investment opportunities.
User-Friendly Interface: Binance provides a user-friendly and intuitive interface, making it accessible to both beginner and experienced traders. The platform offers a seamless trading experience with advanced charting tools, order types, and customizable settings. Additionally, Binance offers a simplified interface for novice users, ensuring a smooth onboarding process.
Robust Security Measures: Security is a top priority for Binance. The exchange has implemented several measures to safeguard user funds and data. These include two-factor authentication (2FA), withdrawal whitelisting, cold storage for the majority of funds, and regular security audits. Binance's commitment to maintaining a secure platform instills confidence in investors and helps protect against potential security breaches.
Wide Range of Services: Binance offers more than just a trading platform. It has expanded its services to cater to various investor needs. Binance features a decentralized exchange (Binance DEX), margin trading, futures trading, staking, lending, and a launchpad for token sales, providing investors with diverse avenues to explore and profit from different investment strategies.
Innovation and Adaptability: Binance has a track record of innovation and adaptability to market trends. The exchange frequently introduces new features, products, and services to stay ahead of the curve and meet the evolving needs of its users. Binance's ability to adapt to the changing landscape of the cryptocurrency industry makes it an attractive platform for investors seeking growth and innovation.
Binance Coin (BNB) Utility: Binance has its native cryptocurrency, Binance Coin (BNB), which adds an additional layer of value for investors. BNB offers various utilities within the Binance ecosystem, such as discounted trading fees, participation in token sales, and access to exclusive events. BNB has demonstrated significant growth and has become one of the most valuable and widely used cryptocurrencies, further increasing its appeal to investors.
Strong Leadership and Reputation: Binance's founder and CEO, Changpeng Zhao (CZ), has established himself as a prominent figure in the cryptocurrency industry. CZ's leadership and vision have propelled Binance's success and earned the trust of investors. The exchange's commitment to transparency, compliance, and regulatory efforts has also helped build a strong reputation within the crypto community and traditional financial sectors.
Overall, Binance's strong market position, extensive range of cryptocurrencies, user-friendly interface, robust security measures, wide range of services, innovation, BNB utility, and strong leadership make it a preferred choice for investors looking to participate in the cryptocurrency market. However, it's essential to conduct thorough research and consider individual investment goals and risk tolerance before making any investment decisions.

On this day May 22 two papa John's pizza were bought for 10,000 BTC in 2010.  which is worth $270 million today what a legend bitcoin has gain lots of  value over the years cheers to decentralized currency.

#awesme #somee #crypto #monday #pizzaday


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Cryptocurrency Mining
Greetings my friends, I resume lecture on crypto and today I will be talking about crypto currency mining and we will learn if some can be mined or not.


1) What is cryptocurrency mining?

Cryptocurrency mining is the process by which new units of cryptocurrency Are created and transactions Are verified and added to the blockchain . It involves utilizing computational power to solve Complex mathematical problems which helps maintain the integrity & security of the decentralized network .

2) How does it work?

The mining process typically involves network of computers known as miners competing to solve the mathematical puzzle. They do so by continuously making attempts To find a hash Value that meets specific criteria.

Once miner successfully solves The puzzle they broadcast the solution to the Network along with the verified transactions. The solution is then verified by other nodes in the network and if it is deemed Correct the miner is rewarded With a certain Amount of newly minted crypto currency

3) Can SOMEE token be mined?

As for SOMEE the native token of the SOMEE blockchain it operates on a different consensus mechanism called Delegated Proof Of stake (DPoS) . In DPoS SOMEE tokens are not mined in the traditional sense. Instead they are distributed through a process called " witness voting" & "delegated proof of stake ."

In the SOMEE ecosystem users can become witnesses by receiving votes from stakeholders. Witnesses are responsible for validating and producing blocks on the blockchain . they are rewarded with SOMEE tokens for their efforts. Additionally Users can delegate their SOMEE tokens to Other users who act As " delegated proof of stake" (DPOS) validators and they Also receive rewards for their role .

Therefore while SOMEE tokens Cannot be mined through the traditional mining process they Are obtained through witness voting and delegating stake in the SOMEE network.


#SoMee #HIVE #someeofficial #SME #crypto #mining #

The new Ledger firmware policy that will allow users to encrypt their recovery keys with third parties by linking their national identity did stir lots of motion on the internet according to an insider it has always been possible for Ledger team to extract users keys, well what do we know? I thought hardware wallets were the most decentralized means of storing one's crypto.

#BRK #awesme #crypto #somee #bitcoin #market #ledger

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Decentralized exchanges have continued to gain popularity in recent years due to their potential advantages over traditional centralized exchanges. DEXs operate on a blockchain network, allowing users to trade cryptocurrencies directly with each other without the need for intermediaries.

DEX as they are fondly called, also known as community-owned or community-driven DEXs, are designed to empower specific communities or within the cryptocurrency space. These DEXs aim to foster inclusivity, transparency, and community governance.


### Investing in DEXs can offer certain benefits, such as:

### Community-driven governance:
DEXs often provide community members with voting rights and decision-making power. This enables the community to collectively determine the direction and policies of the DEXs.

### Alignment with shared values:
DEXs are often created by and for specific communities that share common goals and values. Investing in such projects allows you to support and participate in initiatives that align with your beliefs.

### Early adoption potential:
DEXs may attract a dedicated user base from the community they serve. By investing in these projects early on, you may potentially benefit from the growth and adoption of the DEX as its user base expands.


However, it's important to note that investing in any cryptocurrency or DEX carries inherent risks.
#### Some factors to consider before investing in tribal DEXs (or any investment) include:

### Market volatility:
Cryptocurrencies, including tokens associated with DEXs, can be highly volatile. Prices can fluctuate significantly in short periods, which may result in substantial gains or losses.

### Regulatory uncertainty:
The regulatory landscape for cryptocurrencies and DEXs is still evolving. Changes in regulations or legal actions can impact the operation and value of these platforms.

### Technical risks:
Like any blockchain project, DEXs may face technical challenges, security vulnerabilities, or other risks that could affect their functionality and user experience.

### Conclusion
Before making any investment decisions, it's crucial to conduct thorough research, assess your risk tolerance, and consider seeking advice from financial professionals or experts with domain-specific knowledge in the cryptocurrency space.

This doesn't sound quite good for crypto users, crypto hardware storage provider Ledger announces it will be enabling ID based recovery service that will allow users to backup their phrase keys with their passport or other means of identification.

In a nutshell it means users spending, holding record will be available for third-party auditing this isn't decentralized at all.

#awesme #crypto #somee #bitcoin #ledger #finance

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