Crypto Currency

‘Mirror Worlds’ Creator Wants to Displace Facebook—With Blockchain

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.On Thursday, Gelernter published a post on Medium declaring his grievances against our favorite social media overlord, Facebook. He’s directing his ire into a new company called Revolution Populi, a social network that emphasizes individual data ownership and democratic rule by its users. Hence the patriotic…

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.

On Thursday, Gelernter published a post on Medium declaring his grievances against our favorite social media overlord, Facebook. He’s directing his ire into a new company called Revolution Populi, a social network that emphasizes individual data ownership and democratic rule by its users. Hence the patriotic timing. “For me, this is an opportunity to take some action on a public issue that I think is really important,” he tells me. “Who owns the cyber landscape? Do we all own it, or do five incredibly rich people in California?” Gelernter’s message to those of us living under Facebook’s imperial rule is “Join or die.”

For now, though, Revolution Populi exists as four men each with the title cofounder—a former Goldman Sachs vice president, a doctor-entrepreneur, and a PR executive, plus Gelernter—and a rather tempestuous whitepaper. Technical details are … scant. So scant that, after much pondering, it’s difficult to piece together exactly what Gelernter, who holds the title “chief visionary officer,” is proposing. Other than to say that yes, it will be “on the blockchain.”

Gelernter has built a reputation for being ahead of the technological curve, starting with his work in parallel computing and data mining, and later as a pioneer of the social web. In a 1997 profile in WIRED, he described a vision for 21st-century computer science that would center on human interaction. It would be as dependent on design and social science, Gelernter said, as any technical improvements.

His project at the time (along with PhD student Eric Freeman) was a social network called Lifestream. It took the form of a digital timeline of life’s totality—a perpetual stream of documents and messages that could be arranged, sorted, and shared with others. Lifestream was popular among colleagues in his Yale department, Gelernter says, but attempts to commercialize the technology sputtered. A godfather of modern social networks watched from afar as Silicon Valley upstarts grew into giants. “I’ve been on the sid

Read More

Be the first to write a comment.

Leave a Reply

Crypto Currency

Bitcoin creator Satoshi Nakamoto dismissed early climate concerns

Bitcoin was created by Satoshi Nakamoto Damien Loverso/Alamy Bitcoin’s mysterious creator, Satoshi Nakamoto, dismissed early concerns about the potential for the cryptocurrency to consume large amounts of electricity and contribute to carbon dioxide emissions, according to newly released emails. The true identity of the creator of bitcoin has never been revealed, but after the currency’s

Bitcoin was created by Satoshi Nakamoto

Damien Loverso/Alamy

Bitcoin’s mysterious creator, Satoshi Nakamoto, dismissed early concerns about the potential for the cryptocurrency to consume large amounts of electricity and contribute to carbon dioxide emissions, according to newly released emails.

The true identity of the creator of bitcoin has never been revealed, but after the currency’s launch in January 2009, Nakamoto – a pseudonym – was active in online forums and email until late 2010, when they removed themselve

Read More

Continue Reading
Crypto Currency

2024 is the year for Bitcoin, gold, and silver, Bitfinex’s Head of Derivatives predicts

Share this article URL Copied Disclaimer Read More Read Less The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.

Share this article

2024 will likely be a “decent year for safe-haven assets”, such as Bitcoin, gold, and silver, according to Jag Kooner, Head of Derivatives at Bitfinex. In a commentary sent to Crypto Briefing, Kooner shares his belief that the persistent inflation levels, remaining above the comfort zones of central banks around the world, are anticipated to result in a prolonged period of higher interest rates.

This could result in a delay in easing of monetary policies in developed markets, which may lead to some disappointment among investors. Moreover, Kooner points out that stock markets might face some challenges over the next months.

“Factors such as modest earnings growth and various geopolitical risks are expected to exert downward pressure on stock markets. Some research suggests modest earnings growth for the S&P 500, in the range of 2–3% and a target of 4,200 for the index, with a downside bias. This aligns with our view and we believe will result in more demand for commodities and Bitcoin.”

However, the correlation between Bitcoin and gold has been negative in the last 30 days, according to on-chain data platform Glassnode. On Feb. 22, the pair shared a negative correlation of 0.5, where 1 is fully correlated and -1 is the absence of any correlation.

2src24 is the year for Bitcoin, gold, and silver, Bitfinex’s Head of Derivatives predicts
Gold and Bitcoin correlation chart. Image: Glassnode

If Kooner’s prediction comes true, the data corroborating it might start showing over the next weeks.

Share this article

Share this article

2024 will likely be a “decent year for safe-haven assets”, such as Bitcoin, gold, and silver, according to Jag Kooner, Head of Derivatives at Bitfinex. In a commentary sent to Crypto Briefing, Kooner shares his belief that the persistent inflation levels, remaining above the comfort zones of central banks around the world, are anticipated to result in a prolonged period of higher interest rates.

This could result in a delay in easing of monetary policies in developed markets, which may lead to some disappointment among investors. Moreover, Kooner points out that stock markets might face some challenges over the next months.

“Factors such as modest earnings growth and various geopolitical risks are expected to exert downward pressure on stock markets. Some research suggests modest earnings growth for the S&P 500, in the range of 2–3% and a target of 4,200 for the index, with a downside bias. This aligns with our view and we believe will result in more demand for commodities and Bitcoin.”

However, the correlation between Bitcoin and gold has been negative in the last 30 days, according to on-chain data platform Glassnode. On Feb. 22, the pair shared a negative correlation of 0.5, where 1 is fully correlated and -1 is the absence of any correlation.

2src24 is the year for Bitcoin, gold, and silver, Bitfinex’s Head of Derivatives predicts
Gold and Bitcoin correlation chart. Image: Glassnode

If Kooner’s prediction comes true, the data corroborating it might start showing over the next weeks.

Share this article

Read More

Continue Reading
Crypto Currency

Nearly half of major airdrop tokens peak within two weeks: CoinGecko

Share this article URL Copied Disclaimer Read More Read Less The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.

Share this article

Nearly half of the largest crypto airdrops have seen their peak values within the first two weeks of distribution, a Feb. 23 CoinGecko report shows. Specifically, 23 of the top 50 tokens distributed through airdrops, representing 46%, reached their highest prices during this period, highlighting a potential strategy for recipients to maximize profits by selling shortly after receiving the tokens.

Key examples of short-term price peaks include Ethereum Name Service, which surged by 73% on the second day of trading, and X2Y2, with a 121% increase in the same timeframe. Other notable airdrops such as Blur, LooksRare, and ArbDoge AI also saw significant returns within the first 14 days.

The trend suggests an initial spike in interest following the airdrop, leading to a temporary price surge. However, not all airdrops follow this pattern. Some, like Solana aggregator Jupiter, experienced a decline immediately after the airdrop, indicating a quick sell-off by recipients.

Nearly half of major airdrop tokens peak within two weeks: CoinGecko

The other 27 tokens analyzed in the report reached their peak values beyond the two-week mark, with some taking as long as 581 days. Long-term market conditions and project developments can also play an important role in the valuation of airdropped tokens.

Going over market conditions, the report identified that 19 of the 50 tokens airdropped hit their all-time highs during the 2021 bull market, with some tokens like Uniswap showing returns significantly higher than their short-term peaks.

2022 was notable for NFT-related airdrops, with tokens such as ApeCoin and LooksRare achieving new highs despite an overall bearish market, showing the varied impact of market trends on different types of tokens.

Looking ahead, the approval of spot Bitcoin ETFs in the US has contributed to a bullish sentiment in 2023 and 2024. Airdrops during this period show a mixed pattern, with some tokens peaking shortly after distribution and others benefiting from a more extended holding period, indicating a shift in market dynamics that may influence future airdrop strategies.

Share this article

Share this article

Nearly half of the largest crypto airdrops have seen their peak values within the first two weeks of distribution, a Feb. 23 CoinGecko report shows. Specifically, 23 of the top 50 tokens distributed through airdrops, representing 46%, reached their highest prices during this period, highlighting a potential strategy for recipients to maximize profits by selling shortly after receiving the tokens.

Key examples of short-term price peaks include Ethereum Name Service, which surged by 73% on the second day of trading, and X2Y2, with a 121% increase in the same timeframe. Other notable airdrops such as Blur, LooksRare, and ArbDoge AI also saw significant returns within the first 14 days.

The trend suggests an initial spike in interest following the airdrop, leading to a temporary price surge. However, not all airdrops follow this pattern. Some, like Solana aggregator Jupiter, experienced a decline immediately after the airdrop, indicating a quick sell-off by recipients.

Nearly half of major airdrop tokens peak within two weeks: CoinGecko

The other 27 tokens analyzed in the report reached their peak values beyond the two-week mark, with some taking as long as 581 days. Long-term market conditions and project developments can also play an important role in the valuation of airdropped tokens.

Going over market conditions, the report identified that 19 of the 50 tokens airdropped hit their all-time highs during the 2021 bull market, with some tokens like Uniswap showing returns significantly higher than their short-term peaks.

2022 was notable for NFT-related airdrops, with tokens such as ApeCoin and LooksRare achieving new highs despite an overall bearish market, showing the varied impact of market trends on different types of tokens.

Looking ahead, the approval of spot Bitcoin ETFs in the US has contributed to a bullish sentiment in 2023 and 2024. Airdrops during this period show a mixed pattern, with some tokens peaking shortly after distribution and others benefiting from a more extended holding period, indicating a shift in market dynamics that may influence future airdrop strategies.

Share this article

Read More

Continue Reading
Crypto Currency

This Is When The Real Altcoin Season Will Begin

Experts predict an altcoin season led by Ethereum due to market cycles, the Dencun upgrade, and the potential for a spot ETF, signaling a shift from Bitcoin dominance. The post This Is When The Real Altcoin Season Will Begin appeared first on BeInCrypto…

Experts predict an altcoin season led by Ethereum due to market cycles, the Dencun upgrade, and the potential for a spot ETF, signaling a shift from Bitcoin dominance.
The post This Is When The Real Altcoin Season Will Begin appeared first on BeInCrypto…
Read More

Continue Reading