Albert Wenger, the author of the book “World After Capital,” believes that cryptocurrencies will be one of the things that facilitate the move from the industrial age to the knowledge age.
During Messari’s Mainnet conference, Wenger said that he didn’t believe tech companies would willingly disrupt themselves and that the change in paradigm will have to come from smaller companies in the crypto industry.
The connection between attention and cryptocurrencies
According to Albert Wenger, we’re currently living in a world where the most valuable, and as such the most scarce asset, is human attention. The head of venture capital firm Union Square Ventures said that humankind has evolved from having food as its most prized asset to living in a world where one of the most important resources in the industry is awareness.
Albert Wenger speaking at Messari Mainnet
Attention and its value in today’s world was the main topic discussed between Wenger and Messari’s Ryan Selkis during the virtual Mainnet conference earlier this month. Wenger found an interesting and thoughtful connection between cryptocurrencies and the monetization of human attention:
“Attention is to time what velocity is to speed.”
Speed, he explained, is mostly a worthless metric unless we know the direction in which the object is moving towards. The same applies to attention—we all have an equal and finite amount of time in a day, but it’s not the time that matters. Where we decide to put our focus on during that time is something that can be monetized.
This was a relic of an outdated, industrial-era we’re still living in. Everything from our educational systems to our institutions was made in order to sustain a world that was entering an industrial boom at the beginning of the 20th century, which Wenger believes is long gone.
What we’re entering now he calls the “knowledge age,” an era that will mitigate the discrepancies between rapid tech development and mindfulness.
However, to fully transition to the knowledge era and leave the inefficient relics of the industrial age behind us, three things need to be obtained—psychological freedom, freedom of information, and economic freedom.
Cryptocurrencies, Wenger explained, will play a significant role in at least two of the three aspects.
Applying cryptocurrencies to freedoms
Wenger spent quite a bit of time reflecting on the increased use of mobile phones and tech devices in general, telling Selkis that it’s more than obvious that most have already become slaves to the tech that was supposed to serve them. Achieving psychological freedom doesn’t require any tech solutions—he explained that it’s just a simple realization that our brains didn’t evolve to function in the high tech environment that we all live in today.
While cryptocurrencies can do little to provide the psychological freedom Wenger was referring to here, they will be a major driving force in the rest of the transitional process.
When it comes to economic freedom, Wenger said that he believes the only way to achieve it is “through some form of universal basic income (UBI).” He discussed politics mentioning ex-presidential hopeful Andrew Yang, saying that his message regarding UBI resonated with a lot of people within the crypto community despite disagreements with the rest of his political ideas.
He acknowledged that, while promising, UBI came with a set of its own problems and obstacles. However, he noted that there were a number of different cryptocurrency and blockchain projects that are focused on developing solutions for tracking and distributing basic income.
Aside from facilitating UBI, cryptocurrencies by definition are a step in the right direction when it comes to providing economic freedom. Without a trusted third party and the ability to transact peer-to-peer, it’s safe to say that the very concept of digital assets has changed the way we see economic freedom.
Obtaining freedom of information is where cryptocurrencies and the tech that underlies them will have the most impact in, Wenger said. However, it’s worth noting that the freedom of information he referred to both in his book and during the conference is much more complex than just having the freedom to access information.
He explained that having total freedom of information means having a total control over the systems that surround us. These systems include everything from mainstream media and social media platforms to the government entities tasked with policing them.
None of those platforms, at their current state, are programmable, Wenger explained. Implementing protocol changes to platforms as big and complex as Facebook and Twitter are would require such a deep overhaul that it’s unlikely they would ever happen.
Regulating these entities presents an equally complex problem. Wenger believes that all efforts currently coming from the U.S. government when it comes to regulating Facebook and Twitter are focused on the “wrong kind of impedances.” In his book, he talks about requiring social media companies to have APIs and make them programmable. This, he said, would shift the power from the center of the network back to the end-user.
When asked whether the efforts made by companies such as Twitter, which have been working on open-sourcing their backend and making their platform more transparent, are a move in the right direction, Wenger laughed the notion off:
“I’m not honestly super bullish on waiting for big companies to disrupt themselves.”
He explained that it won’t be existing tech giants that will push the world into the age of decentralization, but cryptocurrency companies and various blockchain initiatives. A sensible approach to regulation combined with intense efforts from crypto companies will be what “gets the job done.”
Nonetheless, he warned that the immense network effect of Facebook and Twitter won’t be beaten by a decentralized competitor. This, as history has shown, stands true—none of the social media platforms, blockchain-based or not, that were marketed as an alternative Twitter or alternative Facebook have succeeded so far.
There is, however, hope. Wenger said that only when the current incumbents are “heavily regulated” and a smart approach was taken when designing those regulations, could the market open up for blockchain-based, decentralized platforms.
Like what you see? Subscribe for daily updates.
TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol
TRAMS DEX Propels Global Adoption of Defi with Automated Market Maker (AMM) protocol, as Industry Leader VIP Guests, Global Participants, and Management Team concludes Webinar Session Marking a Successful First-Phase Launch.
VIP Speakers Unanimously Acknowledge Perfect Market Timing of TRAMS DEX in Decentralized Finance Industry, High Industry Growth Factors, Following 2 Hour-Long Launch Session.
The TRAMS DEX founder and senior management team today concluded a high-impact webinar session as an official launch of its Automated Liquidity Provider protocol, the first of three phases for TRAMS’ Decentralized Finance Business. Industry leader VIP guests and participating members pledge support for open finance and Defi for creating more access to financial products at much lower costs to anyone on demand.
The launch took place in District Singapore, Republic Plaza 9 Raffles Place with a Zoom Webinar hosting a global Defi community and TRAMS DEX protocol members/users community. The discerning VIP panels and participants from ranging continents stencil the much-needed change in the financial sector especially in traditional banking plagued with corruption and scandals where only a small closed and selected groups are the main beneficiaries.
The webinar introduces the protocol with its open finance principles and guides participants into the operations with these key points: TRAMS DEX is one of three key operations from the TRAMS ecosystem with the main operating principle of Decentralized Finance (Defi). TRAMS DEX is an Automated Liquidity Provider that enables better and faster user interactions with digital assets. With the innovation of the Automated Market Maker (AMM) solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. As a decentralized exchange, TRAMS DEX is able to create open access opportunities for participation without discrimination and any controlling institution barrier.
At TRAMS.io, anyone with an Internet connection and a Web 3.0 wallet can gain access to liquidity where otherwise would be ineligible through traditional finance or banking. TRAMS DEX operates a Decentralized Exchange that offers three (3) impactful functions with a minimal user interface designed for clear navigation.
The first function, global liquidity access or buyable, sellable, or tradable market access. Users of the protocol can easily gain access to “constant” liquidity with a simple crypto assets swap function at a minimal cost of 0.3% transaction fee. Direct wallet connections are automated as well with a few simple clicks. All transactions are secured with blockchain encryptions and conducted on-chain with transaction data records automatically recorded for open access viewing on Ether can in real-time.
The second function, make money from idle assets. TRAMS DEX creates a money-making model for liquidity providers (LPs) on the platform. By supplying idle crypto assets to any pools listed on the protocol, the LP earns a profit share generated from the swapping fees on TRAMS DEX. The liquidity provider profit sharing is proportional to contribution. Profits are calculated at least once every twenty-four hours (24 hrs). True to open finance principles and Defi, participating LPs can withdraw their contribution at any time without any fee or penalty.
Thirdly, earn a high passive income. The TRAMS DEX incentive model lets participants earn high passive income in the form of yields, calculated in APY% (annual percentage yield), simply by staking (or depositing) its native token (TRAMS) on the platform. This encourages participants to remain active on the platform and better maintains constant liquidity reserve. This translates to double benefits for participating LPs, more profits are added on-top of the profit-sharing earning from staking LP tokens on TRAMS DEX.
TRAMS DEX is accessible constantly 24/7 to anyone globally. All associated costs of operations are kept very low and precise by utilizing automated smart contracts and AMM trading algorithms for trade executions and operations. Compared to traditional financial institutions and banks, TRAMS DEX provides better, cheaper, more accurate services.
Bryan Feinberg of Plato Data Intelligence, the Founder/CEO of Etheralabs, commented from New York City via Zoom video call with the support of blockchain as the fundamental architecture of TRAMS DEX and Defi space which offers high data security and transaction transparency for users. As a member of the Blockchain Venture Advisory, he believes Decentralized Finance such as TRAMS DEX has a high adoption rate and direct use case for blockchain applications.
Mamadou Toure, Forbes 10 Most Influential person in Africa and President/CEO of Ubuntu Capital Group, tributes TRAMS DEX for providing access channel to liquidity where traditional banking and capital access are limited to non-existent. He further acknowledged the opportunities TRAMS DEX would create for users world-wide to easily finance business initiatives.
Victor Kong, CEO of VK Capital Digital Funds Pte Ltd endorses William Tien, TRAMS DEX’ Founder/CEO, for his vision and ambition in creating a Decentralized Ecosystem starting with TRAMS DEX following by TRAMS Finance and TRAMS Assets, for phase 2 & 3, respectively, as an alternative to private equity funds for real estates and infrastructure projects with a portfolio size of 1-10 million USD. TRAMS DEX removes the high barrier to entry by drastically reducing mandatory due diligence costs of raising capital, which remains the same as a 50 million USD project. He also credits the intention of listing the ecosystem, TRAMS DEX included, on the London Stock Exchange via reverse IPO within 3-6 months.
Self-Sovereign Decentralized Digital Identity
Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time
Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)
Zoom Info: https://zoom.us/j/89200977541
Kucoin and Revain Announce Partnership
Before deciding to buy or apply for any service, consumers are primarily interested in doing their homework via the ability review via 3rd Party Objectivity based on what other people are thinking.
In order not to get lost in multiple offers of wallets, exchanges, and cryptocurrencies, Internet users are starting to look for reviews to guide their decision-making process.
The revain.org project began to use blockchain to keep all reviews unchanged. This gives trust to the community and allows users to learn with the ability to interact with both projects that interest them and the communities they represent.
Trust can play an extremely important role for serious companies. The KuCoin and Revain projects have started cooperation for the common benefit of both communities. The Revain Widget implemented on the main page of one of the leading exchanges allows visitors to read and write reviews directly on the platform.
Companies that have already achieved success should understand that the review widget increases a conversion rate and provides additional traffic.
And there are other pluses as well
For example, why would you buy products on a mystery shopping service if you can simply read a ready-made review on the Revain website?
And it will be fair, fast and, most importantly, it’s free.
It’s not a surprise when blockchain technologies are used in the crypto community. But the Revain Project doesn’t intend to stop there and has serious plans to expand the topic on which the writers will write reviews.
It’s important for people that the review includes pros and cons.
This could stem from concerns about fake reviews, and an underlying assumption that balanced reviews feel more authentic than reviews that are overly or exclusively positive.
Consumers want retailers to have better technology, offer more services, and establish better personal connections. Consumers think about what good shopping experience looks like in the first place. Therefore, when people read or write a review, they pay attention not only to the facts but also to the feelings that appeared after the purchase from the company to which the review was then written.
When there are feelings, it is important to preserve a zone of trust and comfort
The usual advertising channels carry information about the product and the brand. But they do not contain the emotions of other buyers. The buyer chooses where he will share his buying experience.
And it is especially important that the credibility of the review that is written on the seller’s website does not reach heaven. It is very important to have an independent platform, the need for which has been ripening for a long time in the Internet community.
Therefore, reviews are written on the Revainplatform. You can display these reviews on your website using a simple widget. Thus, customers will see the independence of the review and at the same time, they can read it without leaving your site.
Of course, there were sites for reviews, they exist now and will continue to appear. But a project like Revain meets the expectations of ordinary people and businesses as much as possible. After all, reviews cannot be deleted or falsified because of blockchain. The hash of each review is kept for centuries.
Because of this, some reviews may seem funny as their authors decided to add some new facts or correct mistakes later. I recommend visiting and reading such reviews. A very interesting experience.
Source: Rinat Arslanov has been the Co-Founder and CEO of Revain since its inception. He describes his passion for Revain as a life project for him. He is currently doing his Ph.D. at Plekhanov Russian University of Economics and is expected to complete his doctorate in 2022.
TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol
AI Contact Tracer Awarded at UNLV
Bixin Ventures Announces $100M Proprietary Capital Fund to Support Global Blockchain Ecosystem
SHANGHAI, Oct 26, 2020 – (ACN Newswire)
CB Insights: Trends, Insights & Startups from The Fintech 250
Valarhash Launches New Service Series for its Mining Hosting Operations
Trends, Insights & Startups from The Fintech 250
Current Research on Effect Specific Uses of Cannabis
How Telemedicine Can Help Keep Your Health on Track
Website Packages – Good or Evil?
Self-Sovereign Decentralized Digital Identity
Best Moon Lamp Reviews and Buying Guide
Guilford Technical Community College Continues to Investigate a Ransomware Cyberattack
IOTW: Will There Be An Incident Of Impact On Tuesday’s Election?
Spookier Or Safer: How AI Autonomous Cars Alter Halloween Trick-Or-Treat Activities
Busy Week for Google: Search Enhancements, Followed by an Antitrust Suit
Federal Government Investments in AI Beginning to Pay Off
Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas
Win a Copy of Affected: The Manor for Oculus Quest
The Steam Halloween Sale has Begun With Themed Activities and Updates
Warhammer Age of Sigmar: Tempestfall Announced for PC VR & Oculus Quest, Arrives 2021
I Dare You to Ignore This Trend
Bitcoin Price Flashes $750M Warning Sign As 60,000 BTC Options Set To Expire
Star Wars: Tales from the Galaxy’s Edge to Include VR Short ‘Temple of Darkness’
Bitcoin Suffers Mild Drop but Analyst Who Predicted Decoupling Expects BTC Price to See Bullish Uptrend
AMD Purchases Xilinx in All-Stock Transaction to Develop Mining Devices
Newly Launched Cybersecurity Company Stairwell
How 5G Will Impact Customer Experience?
You can now Request the PlayStation VR Camera Adaptor for PS5
HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China
Aave Makes History as Core Developers Transfer Governance to Token Holders
Caitlin Long’s Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021
KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption
US SEC Executive Who said Ethereum is Not a Security to Leave the Agency
MicroStrategy Plans to Purchase Additional Bitcoin Reserves With Excess Cash
How followers on Instagram can help to navigate your brand during a pandemic
StackRox Announced the Release of KubeLinter to Identify Misconfigurations in Kubernetes
How Was 2020 Cyber Security Awareness Month?
Masks and More Outlet Donates Face Masks For Children In Local…
Clicks Overtake Bricks: PrizeLogic & SmartCommerce Bring Shoppable…
Esports1 week ago
How to Play With Friends Online in Dynamax Adventures in Pokémon Sword and Shield The Crown Tundra
Esports1 week ago
How to Separate and Rejoin Calyrex from Glastrier or Spectrier in Pokémon Sword and Shield Crown Tundra
Esports5 days ago
FIFA 21 Global Series: Full List of FGS Swaps 1 Events
Esports6 days ago
How to get Electabuzz and Electivire in Pokémon Sword and Shield’s The Crown Tundra expansion
Esports7 days ago
How to complete Legendary Clue? 4 and catch Necrozma in Pokémon Sword and Shield’s The Crown Tundra expansion
Blockchain5 days ago
Top 10 Blockchain-as-a-Service (BaaS) Providers
Blockchain1 week ago
Yearn Finance Adds GUSD Vaults and Updated Keep3r Network Details
AR/VR1 week ago
AI-Driven Dynamic Filmmaking is the Future