#Self managed super cryptocurrency
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newventurewealthau · 2 years ago
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SMSF Rules: How To Ensure Your SMSF Is Compliant
The essential hold back nothing Overseen Super Asset is to give you extra pay (a benefits) that you can appreciate when you arrive at the period of retirement.
Superannuation is ordinarily paid out as a dependable life annuity. There are a few unique classes of superannuation subsidizes in Australia. The most widely recognized types are industry superannuation assets and independent super assets (SMSF)
Smsf set up online are for the most part set up for few people and are administered by SMSF rules, as set out by the Australian Tax collection Office (ATO). SMSFs are regularly set up under direction from a bookkeeper and should be evaluated by an autonomous SMSF reviewer to guarantee consistence with SMSF rules and guidelines.
There are sure principles and guidelines for a wide range of superannuation supports that should be immovably complied, generally the legal administrator's collaboration will be placed into question. Likewise with any remaining sorts of super assets,, SMSFs additionally have rules and arrangements which should be kept. This might remember direction for the sorts of ventures that are permitted and the construction that the speculation is being made under. This won't just shield the SMSF from making awful speculations, it will likewise guarantee that the SMSF rules are being followed.
Certain individuals favor an independent super asset over industry super assets, as it permits them the adaptability and opportunity to devise their own venture procedure, for however long it is in consistence with the guidelines and guidelines.
While trying to comprehend the SMSF rules, a fundamental errand to attempt is to finished the trust deed arrangements concerning the utilization of SMSF. The Australian Superannuation Industry Management Act 1993 diagrams every one of the principles a superannuation store should consent to. It covers overall areas connecting with the legal administrator, ventures, the executives, reserve records and organization, enquiries and grievances.
The Demonstration likewise controls the activity of superannuation assets and sets punishments for legal administrators when the standards of activity are not met.
Having and autonomous SMSF inspector to prompt on the best methodologies and direct consistence is vital for the progress of any independent super asset.
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gallusrostromegalus · 1 year ago
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So for AEIWAM, how does the whole Ukitake thing work? I’m still fuzzy on how it was in the manga (and that’s not even touching the ‘epilogue’/Echoing the Jaws of Hell why are these arc names like this) but wasn’t he essentially reverse faith healed-slash-possessed for death? I see you keep mentioning gods so like- what does that whole situation make him?
I need you to imagine a Self-Propogating Cryptocurrency Mining Computer. Whenever it's hardware starts to burn out, it creates a little man to build it a new machine and port it's memory over, keeping the machine alive and solving equations.
In An Elephant Is Warm And Mushy, that's God.
I may need to back up.
If you're not familiar with how Cryptocurrency Mining works, essentially, a computer thinks very, very hard about how to solve an extremely complicated equation, and when it solves it, it gets a little bit of money (or it gets a receipt saying that it has money that uh. nobody will accept, because the money aspect is a scam but the math, at least is real).
Anyway, thinking very, very hard like that runs through the computer's hardware- it's especially hard on the graphics cards. So eventually, if it want to keep solving equations, it needs new hardware. But a computer can't replace it's own parts, and this Ultra-complex, reality-generating God-computer is no different.
So when it starts to get old and degraded, the God-Computer does a neat little trick: it builds itself a programmer. That programmer learns all about the God Machine and how it works and the way it's powered- it moves souls through three planes of existence- each enormously complicated question is representative of the shape of a lifetime- each time a soul completes it's life and is reborn, the God Computer gets a little burst of extra energy. The larger and more complex the soul and longer and richer lifetime, the more energy the God Computer gets. So for the last millions of years, many, many generations of God-computer have made the universe richer and more complicated to generate larger and more complex souls to power themself (themselves?) further.
The programmer learns all about how the God-Computer works, and sets about building the next Generation of God-Computer to keep the universe running.
Due to a slight miscommunication, the programmer is colloquially known as the "Soul King" this time around.
Anyway, the Soul King was doin' his thing, when he happened to start chatting with a cool guy online and agreed to meet up with him. And it was fun! They hung out, Soul King showed him the true nature of reality, they stayed up late eating junk food and talking bullshit, good times. Later, The Soul King's cool friend from the internet said he had some other friends who wanted to meet him, and Soul king thought "BALLER. SLUMBER PARTY!!!" and told everyone to come on over!
-and then the new guys beat the shit out of Soul King's buddy and dismembered the Soul King for parts to sell as part of an organ-harvesting scheme!
Whoops.
Now, Soul King's buddy DID manage to get up and stop one of the organ thieves, the guy absconding with his hands, and tackled him off the Balcony. One of the psuedo-god hands (the one with the power of stagnation) fell into the Spirit World,took the name "Mimihagi" and became a minor kami because he's really bad at this Witness Protection thing.
Eventually, some parents with an extremely sick kid came to the hand's shrine and asked him to save the kid, and Mimihagi went "Well, I can't cure him, but I can hang out in his body for the next few centuries and prevent his disease from getting worse with constant effort?" and they said "...Please?" and Mimihagi said "Yeah OK.
-And ever since then Ukitake has had the left hand of The God Machine's dead repairman living in him and (mostly) stopping his super-tuberculosis from getting worse, like a benevolent tapeworm!
:)
The God-Machine is still dying this whole time, BTW. Might want to do something about that.
(the best part is, that of the three-to-five-and-a-half living pieces of the Soul King, Mimihagi is actually probably the least weird and definitely sanest of them)
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christophecali · 2 months ago
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grim futures
predict the future with cold fusion, super computers, crypto currency and artificial intelligence
ChatGPT said:
ChatGPT
Predicting the future with the convergence of cold fusion, supercomputers, cryptocurrency, and artificial intelligence (AI) suggests a transformative era with significant changes in energy, economics, technology, and society.
1. Cold Fusion: The Energy Revolution
Unlimited Clean Energy: Cold fusion, if realized, would provide nearly limitless, clean energy, revolutionizing global energy systems. This could drastically reduce the reliance on fossil fuels, addressing climate change, and lowering energy costs to near zero.
Technological Leap: The availability of abundant energy would drive technological advancements, enabling innovations like more powerful AI systems, faster computation, and massive data processing at reduced environmental and financial costs.
Impact on Industries: Energy-intensive industries (manufacturing, transportation, etc.) would be reshaped, potentially leading to new industries that harness this energy to create previously impossible products or services, such as advanced space exploration or large-scale carbon capture technologies.
2. Supercomputers: Driving Global Intelligence
Exponential Data Processing: With supercomputers advancing, the ability to process massive amounts of data in real-time would further enhance scientific research, personalized healthcare, and predictive analytics. AI models would become more refined, allowing for real-time decision-making and deeper insights into human biology, climate models, and economic patterns.
AI and Simulation: Supercomputers would enable sophisticated simulations, from predicting pandemics and weather patterns to simulating entire economies. AI models could optimize everything from traffic flows in smart cities to global supply chains, potentially creating a highly efficient global system.
Autonomous Systems: Supercomputers coupled with AI would drive the rise of autonomous systems—robots, vehicles, and even infrastructure maintenance—creating seamless, self-regulating systems that reduce human labor in many fields.
3. Cryptocurrency: Redefining Money and Economics
Decentralized Finance: Cryptocurrencies could continue to decentralize financial systems, reducing reliance on traditional banks and governments. Smart contracts and blockchain technology would automate financial transactions, leading to a world where peer-to-peer transactions dominate, with global, borderless currencies that are not tied to national economies.
Digital Economies: As more people adopt digital currencies, decentralized autonomous organizations (DAOs) may emerge, allowing for global, community-driven economies. Cryptocurrency could power micro-economies and niche markets, with individuals gaining greater control over their financial privacy and sovereignty.
New Wealth Structures: Cryptocurrency could upend traditional economic structures, creating new paths to wealth while potentially widening the gap between those who understand and engage with digital currencies and those who do not. Governments may face challenges in regulating this decentralized financial ecosystem.
4. Artificial Intelligence: The Brain of Future Society
Human-AI Collaboration: AI would likely become a ubiquitous partner in everyday life. From personal assistants that handle tasks to AI systems that augment human creativity, problem-solving, and productivity, humans may increasingly rely on AI for cognitive labor. Enhanced AI would help in personalized healthcare, education, and even emotional well-being.
Decision-Making and Governance: AI could play a crucial role in governance, using data-driven insights to guide policy-making and resource allocation. Smart cities, powered by AI, would optimize services like public transport, utilities, and waste management, leading to more sustainable and efficient urban living.
Ethical and Social Implications: The rise of AI would also prompt ethical questions about privacy, bias, job displacement, and human-AI relationships. Societies would need to address how AI systems make decisions, their transparency, and their impacts on employment and inequality.
Holistic Future Vision
In a future where cold fusion provides nearly limitless energy, supercomputers drive AI advancements, and cryptocurrency decentralizes finance, society could transform into a hyper-efficient, highly autonomous world. Human roles might shift towards creative, managerial, and emotional domains, while machines handle the bulk of data processing, energy management, and economic regulation.
However, this future would also face challenges:
Equity and Access: Ensuring that the benefits of these technologies are distributed fairly could be a significant issue. Societies may grapple with new divides between those who can access and control these advanced systems and those who cannot.
Security and Ethics: Cryptocurrency could challenge existing governmental control over economies, while AI and supercomputers raise concerns about surveillance, data privacy, and job displacement. Strong regulatory frameworks would be needed to protect human rights and freedoms.
Global Stability: As energy becomes abundant, geopolitical power structures may shift, particularly in regions reliant on fossil fuels. Cold fusion could minimize resource-driven conflicts, but new forms of competition could emerge, particularly in areas like AI dominance and cybersecurity.
This future, driven by these powerful technologies, could be marked by unprecedented human achievement and innovation, but would also demand a thoughtful, ethical approach to governance and societal organization.
You said:
what would the combination of this do to individuals in terms of jobs, housing, money, law, and politics
ChatGPT said:
ChatGPT
The combination of cold fusion, supercomputers, cryptocurrency, and artificial intelligence (AI) would significantly reshape many aspects of life for individuals, especially in terms of jobs, housing, money, law, and politics. Here’s how each area might be transformed:
1. Jobs
Automation and AI-Driven Workplaces: With supercomputers and AI increasingly capable of performing complex tasks, many traditional jobs could become automated. Jobs in manufacturing, logistics, customer service, and even some areas of medicine and law could be handled by AI systems. This shift could lead to significant job displacement, especially for roles involving repetitive tasks.
New Job Markets: While many current jobs may disappear, new jobs in AI development, renewable energy (driven by cold fusion), robotics, and digital currencies would emerge. Skills in coding, data science, and cybersecurity would become more valuable. Moreover, creative fields, emotional labor, and human-centric roles (like healthcare and therapy) could see growth as AI takes over more analytical tasks.
Remote Work and Gig Economy: With the rise of AI and digital platforms, more people might shift to remote or gig-based work. AI-powered systems would allow individuals to manage multiple freelance or short-term jobs, often across borders, as cryptocurrency allows for seamless global payments.
2. Housing
Energy-Efficient Smart Homes: With the advent of cold fusion, housing could become energy-independent, with smart homes that generate their own unlimited energy. Homes would be equipped with AI systems to optimize living conditions, manage energy use, and provide real-time updates on home maintenance or safety.
Affordable Living: Cold fusion could drastically reduce energy costs, lowering utility bills and making housing more affordable. Additionally, 3D printing technology, combined with AI-driven construction, could lower construction costs and speed up building processes, making housing more accessible.
Urbanization vs. Decentralization: The development of smart cities powered by AI could draw people to urban centers for the convenience and efficiency they provide. However, remote work enabled by AI and supercomputers could also lead to a decentralization trend, where individuals move to rural areas while still maintaining access to high-paying digital jobs.
3. Money and Economy
Decentralized Finance: Cryptocurrency would likely redefine how individuals handle money. People would rely more on decentralized financial systems, meaning banks and traditional financial institutions could become less relevant. Peer-to-peer lending, smart contracts, and crypto-based investments would grow, giving people greater autonomy over their financial transactions.
Universal Basic Income (UBI): As jobs become more automated and AI-driven, governments might implement Universal Basic Income (UBI) to ensure economic stability for those whose jobs are displaced. Cold fusion's abundance of energy could enable economic models where resources are less scarce, supporting the feasibility of such programs.
Wealth Distribution: While some people could amass significant wealth by capitalizing on new technologies (e.g., through early adoption of crypto or AI-driven businesses), there is a risk of increased wealth inequality. Those who fail to adapt to the digital, AI-driven economy may struggle, leading to new forms of inequality based on technological literacy and access.
4. Law
Legal AI Systems: AI-driven legal systems could automate many legal processes, from contracts to dispute resolution. Smart contracts powered by blockchain technology would enforce agreements without human intervention, reducing the need for intermediaries like lawyers in many cases.
Regulating AI and Cryptocurrency: Governments would likely need to create new laws to regulate AI and cryptocurrency. Ethical concerns over AI bias, surveillance, and the displacement of jobs would require legal frameworks to protect individual rights. Similarly, laws surrounding cryptocurrency would need to address issues of fraud, money laundering, and tax evasion in decentralized systems.
Cybersecurity and Privacy: As AI and supercomputers become more integrated into everyday life, individuals’ personal data would be at greater risk. This would necessitate stronger laws to protect data privacy and cybersecurity, ensuring that AI systems cannot exploit or misuse sensitive information.
5. Politics
AI in Governance: AI could play an increasingly important role in politics, potentially guiding policymaking by analyzing data and suggesting optimized solutions to societal challenges. Politicians could rely on AI to manage everything from resource distribution to healthcare and urban planning. However, this could also raise questions about accountability and transparency in decision-making.
Decentralization of Power: Cryptocurrency might decentralize political power by reducing governments' control over monetary systems. People may form new, digitally-driven political structures, such as decentralized autonomous organizations (DAOs), which operate through blockchain technologies without centralized control.
Global Geopolitical Shifts: Cold fusion could reduce geopolitical tensions over energy resources, as countries become energy-independent. However, the race for dominance in AI and supercomputing may lead to new political rivalries, especially between technologically advanced nations. Countries that lead in AI development may gain disproportionate influence over global governance.
Digital Citizenship and Voting: AI and blockchain could revolutionize voting systems, enabling secure, digital voting from anywhere in the world. This could increase political participation, making elections more accessible and transparent. However, it also raises concerns about hacking and digital manipulation of votes.
Summary of Individual Impact
Jobs: Shift toward AI-driven, highly skilled work with potential displacement of traditional jobs. New opportunities arise in AI, crypto, and renewable energy, but retraining becomes essential.
Housing: Energy-efficient, affordable smart homes with more decentralized living due to remote work.
Money: Individuals gain more control over finances through decentralized currencies, but wealth inequality may grow.
Law: Legal frameworks evolve to regulate AI, cryptocurrency, and data privacy, with automated legal systems becoming more common.
Politics: AI and decentralized finance challenge traditional political structures, while new forms of governance and digital citizenship emerge.
In this future, individuals would experience a blend of increased convenience, autonomy, and opportunity alongside potential challenges in adaptation, inequality, and privacy concerns.
You said:
write a bad version of this
ChatGPT said:
ChatGPT
Sure! Here’s a less polished version with a more disorganized structure, lack of detail, and generally less clarity:
The future with cold fusion, supercomputers, cryptocurrency, and AI could mess up a lot of things and change how people live, work, and interact. It’ll probably be a wild mix of good and bad, with a lot of confusion thrown in. Here’s how it might look:
1. Jobs
A Lot of People Will Lose Jobs: AI and robots will take over jobs, so many people won’t have work. Factories, customer service, and even jobs like doctors and lawyers might be replaced by machines. It’ll be tough for people who aren’t trained in high-tech skills, and they might struggle to find work.
New Jobs, But Only for Some: There will be new jobs, but mostly in tech. If you’re not good at coding or don’t understand cryptocurrency, you might be out of luck. AI engineers, crypto experts, and robot makers will probably do well.
More Gig Work: A lot of people will probably work remotely or do gig jobs. AI will manage a lot of things, so people will work for short periods on different projects. Permanent jobs might become a thing of the past.
2. Housing
Energy Everywhere: Cold fusion will mean free energy, so electricity bills might go away. Houses will be smart and run on their own, with AI doing everything from adjusting the lights to telling you when to clean.
Cheaper Homes: Since building materials could be made faster and cheaper, homes might become more affordable. But only if the tech reaches everyone. If not, the housing market could stay just as bad as it is now.
City Life or Not?: Some people might move to cities for the convenience of AI-run public services, while others may leave the cities, working remotely from the countryside. It's hard to say if cities will grow or shrink.
3. Money
Crypto Everywhere: Traditional banks could become irrelevant, as cryptocurrency takes over. Everyone will start using digital currencies, and there won’t be much need for cash or even debit cards. You’ll buy everything with Bitcoin or some other coin.
The Rich Get Richer: Those who understand cryptocurrency will probably get rich quick. People who don’t understand it or get in too late will probably lose out. Governments might lose control over currency, which could create chaos.
UBI or Something Like That: Universal Basic Income might become a thing since a lot of jobs will disappear. Cold fusion might make it easier to provide this, but governments will have to figure it out. Otherwise, a lot of people will be left behind.
4. Law
AI Judges?: Legal processes will be automated. You might get legal advice or settle a dispute by talking to a robot lawyer. Smart contracts will enforce agreements without needing any human input.
New Laws for AI and Crypto: New laws will have to be written to deal with AI taking over jobs and cryptocurrency becoming the main form of money. Cybercrime could rise, and there’ll be new rules for protecting your online data and privacy.
Privacy Might Be Gone: AI and supercomputers will have access to a lot of personal data, so privacy might become a huge issue. Governments and companies will need to regulate this, but they might not do a good job, and people could be vulnerable.
5. Politics
AI in Politics: Politicians might start using AI to make decisions for them. This could make governments more efficient, but it might also make them less accountable. If AI makes a mistake, who’s responsible?
Decentralized Power: Cryptocurrency might weaken governments since people won’t need them to manage the money system anymore. This could lead to new political movements or conflicts over control.
Global Competition: Countries will fight over who has the best AI and supercomputers. Cold fusion might end the fight for energy resources, but new conflicts will pop up over tech superiority.
Final Thoughts
Jobs: Tons of people will lose their jobs, and only some will benefit from new tech opportunities.
Housing: Energy-efficient homes might be affordable, but only if the tech becomes widely available.
Money: Cryptocurrency could change everything, but also create massive inequality.
Law: AI will take over a lot of legal functions, but privacy will be at risk.
Politics: AI and crypto will disrupt traditional governments, but it might cause more problems than it solves.
In conclusion, the future could be pretty chaotic, with major shifts in how people work, live, and manage their finances. It’ll be a rough ride, and not everyone will benefit equally from these technological changes.
You said:
which world power benefit the most from these worse scenarios
ChatGPT said:
ChatGPT
In these "worse" scenarios—where cold fusion, AI, supercomputers, and cryptocurrency lead to chaos, inequality, and disruption—the world power that could benefit the most would likely be China, though other players like the United States and Russia would also exploit certain aspects to their advantage. Here's how different powers might capitalize on the chaos:
1. China
AI and Surveillance Domination: China has already heavily invested in AI, particularly for surveillance and governance. In a world where privacy erodes and AI-driven decision-making becomes commonplace, China could leverage its advanced AI infrastructure to further solidify control both domestically and over international digital networks. Its existing social credit system could be expanded to maintain social order in the face of job displacement or political unrest.
State Control of Cryptocurrency: While decentralized cryptocurrency undermines traditional financial systems, China could mitigate the risks by advancing its own Central Bank Digital Currency (CBDC), the digital yuan, which is state-controlled. This would allow the Chinese government to maintain strong financial control while other nations struggle with decentralized, unregulated currencies. China could use its digital currency to assert influence in global markets, especially in regions where traditional financial systems are weakened.
Cold Fusion and Energy Leverage: China’s extensive infrastructure investments, especially through the Belt and Road Initiative, would allow it to rapidly roll out cold fusion technology across its vast network of partner nations. If energy becomes cheap and abundant, China could gain dominance by being an early adopter, positioning itself as a global energy leader and further expanding its sphere of influence.
Tech Supremacy: With its focus on becoming a leader in AI, 5G, and supercomputers, China could emerge as a dominant technological superpower. In a world where AI-driven automation causes mass unemployment elsewhere, China’s centrally controlled, highly planned economy could adapt more efficiently, using AI to maintain social stability and employment through state-run initiatives.
2. United States
Tech Giants and Private AI: The U.S. would benefit from the dominance of its tech giants (Google, Microsoft, Apple, etc.), which lead in AI and supercomputing. If AI replaces much of the workforce, U.S.-based corporations would be able to capitalize on automation, although this could also deepen inequality within the country. However, these corporations could extend their global influence by selling AI services and tools worldwide.
Cryptocurrency Pioneers: The U.S. is already home to many of the world’s leading cryptocurrency innovators. In a decentralized financial system, private sector innovations in crypto, blockchain, and decentralized finance (DeFi) could empower Silicon Valley and Wall Street to maintain financial dominance. However, the U.S. government would struggle to control the rise of decentralized currencies unless it introduces a successful digital dollar.
Cold Fusion and Military Power: If cold fusion technology is militarized, the U.S. could leverage its superior military capabilities to maintain global dominance, using energy independence to enhance its technological and defense infrastructure. Cold fusion could also allow the U.S. to shift away from oil dependency, changing geopolitical alliances and reducing its entanglements in the Middle East.
3. Russia
Exploitation of Chaos: Russia thrives in situations where global instability undermines established powers. If cryptocurrency leads to decentralized, unregulated financial markets, Russia could exploit the lack of oversight for cybercrime, money laundering, and state-sponsored hacking activities. It could use crypto to bypass economic sanctions and finance its geopolitical agendas more covertly.
Energy Leverage: While Russia’s economy is currently dependent on fossil fuels, cold fusion would undermine this advantage in the long run. However, during the transitional period, Russia could maintain power by destabilizing global energy markets and using its current energy resources as leverage before cold fusion is widely adopted.
Supercomputing and Cyber Warfare: Russia is already a formidable player in cyber warfare and hacking. With more sophisticated supercomputers, Russia could enhance its cyber capabilities, disrupting other nations’ AI systems, financial networks, and infrastructures. This would allow Russia to punch above its weight, maintaining influence over global affairs through disruption and sabotage.
4. European Union
Regulation and Governance: While the EU may not lead in AI, cryptocurrency, or cold fusion technologies, it could benefit by positioning itself as the global leader in regulating these disruptive forces. Europe’s focus on privacy laws, such as GDPR, and its leadership in ethical AI and corporate regulation could attract businesses and innovators seeking stable, well-regulated environments.
Tech Regulation to Protect Citizens: The EU could also push back against the mass job displacement caused by AI and automation by enacting stronger labor protections and policies like Universal Basic Income. By managing the societal impacts of AI better than other regions, Europe could maintain social stability while other nations face more unrest.
Key Beneficiaries in a Disrupted World
China would benefit the most from a combination of centralized control, rapid tech adoption, and geopolitical maneuvering. Its ability to control AI, cryptocurrency (through state-sponsored alternatives), and energy distribution would allow it to expand its influence globally.
The U.S. would still benefit from its tech giants, private-sector innovations, and military prowess, but might face internal chaos due to inequality and decentralization.
Russia would exploit the disorder in financial systems and cybersecurity vulnerabilities, ensuring it remains relevant on the global stage despite economic challenges.
The EU would attempt to manage the chaos by becoming the ethical regulator and stabilizer, though it may struggle to innovate as rapidly as China or the U.S.
In this worse-case future, authoritarian or highly regulated states like China might adapt better to the rapid technological disruptions, while more decentralized, democratic nations like the U.S. and European countries would need to find new ways to balance innovation with social equity and governance.
You said:
Under this prediction which would be the biggest victim of world powers
ChatGPT said:
ChatGPT
Under this prediction, the biggest victim among world powers would likely be developing nations and resource-dependent countries, especially those reliant on fossil fuels and those with less technological infrastructure to adapt to these radical shifts. Specifically:
1. Resource-Dependent Countries (Oil-Dependent Economies)
Middle Eastern Oil States: Countries like Saudi Arabia, Iraq, Venezuela, and Nigeria, which are heavily dependent on oil exports, would be hit hardest by the widespread adoption of cold fusion. With near-unlimited, clean energy from cold fusion, global demand for oil would plummet, causing their economies to collapse unless they diversify quickly. These nations could face internal unrest due to lost revenue and inability to maintain social welfare systems funded by oil wealth.
Russia would also be impacted by the decline in fossil fuel demand, but its ability to exploit global chaos, its cyber capabilities, and its geopolitical maneuvering would help it weather the storm better than smaller, less diversified oil economies.
2. Developing Nations
Technologically Lagging Countries: Developing nations in Africa, South Asia, and parts of Latin America could struggle to compete in a world dominated by AI, cryptocurrency, and supercomputing. These countries often lack the infrastructure, education, and capital to adopt cutting-edge technologies quickly. While cold fusion might reduce energy costs, it would not be enough to offset the overwhelming challenges of economic disruption caused by automation and job displacement.
Worsening Inequality: In these nations, mass unemployment caused by automation could exacerbate poverty and inequality. With wealth increasingly concentrated in countries that control AI and cryptocurrency, developing nations could find themselves further marginalized in the global economy. Their labor markets, which often rely on low-skill manufacturing, agriculture, or resource extraction, would be severely disrupted by automation and AI.
3. Nations With Weak Governance
Fragile States: Countries with weak or corrupt governments, such as those in parts of Africa, Latin America, or Southeast Asia, would struggle to manage the societal upheaval caused by these technological shifts. Job losses, social unrest, and growing inequality could lead to political instability, conflict, and even the collapse of governments in some cases.
Difficulty in Regulating AI and Crypto: These nations would also lack the capacity to regulate AI and cryptocurrency effectively, leaving them vulnerable to exploitation by foreign powers, criminal networks, and corporations. Cryptocurrency could facilitate black markets, money laundering, and corruption, weakening state control over their economies.
4. Countries Reliant on Low-Skilled Labor Exports
Manufacturing Hubs: Countries like Bangladesh, Vietnam, and other parts of Southeast Asia that rely on low-cost manufacturing could be devastated by the automation of manufacturing through AI and robotics. As wealthier nations automate production, the demand for cheap labor in these regions would decline sharply, leading to massive unemployment and economic instability.
Global Supply Chain Disruption: These countries are integral to the current global supply chain, but automation could bring manufacturing back to developed countries or lead to highly efficient, robot-run factories elsewhere, bypassing traditional manufacturing hubs.
5. Western Democracies With Slow Adaptation (Potential Victims within Powers)
European Union: Although the EU would focus on regulating these technologies, its slower adaptation to technological innovation could make it vulnerable to economic disruption and loss of global influence. Countries like Italy, Greece, and Spain, which are already facing economic challenges, might be particularly vulnerable to job displacement and social unrest.
United States (Internal Victimization): The U.S. could also face internal challenges despite its technological leadership. The rise of cryptocurrency, automation, and AI could lead to deep social divides, with rural and lower-income areas becoming “victims” of these transformations due to job losses, wage stagnation, and increasing inequality. This internal instability could weaken U.S. global dominance, even as its tech and military industries remain strong.
Summary of Biggest Victims
Oil-Dependent Economies: Middle Eastern and other resource-rich nations would lose global relevance as cold fusion undermines the oil market.
Developing Nations: Struggling to adopt and integrate these new technologies, developing nations would face heightened poverty, unemployment, and political instability.
Fragile States: Nations with weak governance could spiral into chaos as they fail to regulate new technologies or manage economic shocks.
Manufacturing Economies: Countries reliant on low-skill, low-cost labor exports would be devastated by automation, leading to job loss and economic decline.
Western Democracies (Internal Divides): While not fully collapsing, countries like the U.S. and the EU could face major internal problems due to rising inequality and job displacement, particularly in regions less prepared for the tech-driven economy.
In sum, the biggest victims in this future scenario would be nations that either lack the resources, governance, or infrastructure to adapt to a world dominated by cold fusion, AI, supercomputers, and cryptocurrency. These shifts would disproportionately benefit world powers like China and the U.S., while exacerbating existing inequalities both within and between countries.
You said:
what multi-national conglomerates would be the biggest victims under a worse-case scenario
ChatGPT said:
ChatGPT
In a worst-case scenario where cold fusion, AI, supercomputers, and cryptocurrency disrupt the global economy, several multinational conglomerates across different industries could become significant victims. These companies would suffer due to the rapid technological shifts, changing economic landscapes, and challenges in adapting to new business models. Here's a breakdown of the types of conglomerates that would face the most significant threats:
1. Oil & Energy Conglomerates
Victims: ExxonMobil, Shell, BP, Chevron, Saudi Aramco
Why: The transition to cold fusion and near-limitless clean energy would drastically reduce the demand for fossil fuels. These oil and gas giants, whose entire business models are built around extracting and refining oil, natural gas, and petroleum products, would face an existential crisis. Even if they try to pivot to renewable energy, the disruption caused by cold fusion would render their traditional energy assets nearly worthless.
Struggles: These companies would likely face massive stranded assets (oil reserves and infrastructure that become obsolete), a collapse in stock prices, and a loss of global influence. They would struggle to diversify fast enough into other sectors, and many could face bankruptcy or drastic downsizing.
2. Traditional Financial Institutions
Victims: JPMorgan Chase, Citibank, HSBC, Bank of America, Goldman Sachs
Why: Cryptocurrency and decentralized finance (DeFi) systems would undermine the traditional banking and financial services industry. With more individuals and businesses relying on decentralized, peer-to-peer financial networks, large banks could lose control over many of their key revenue streams such as lending, payment processing, and asset management.
Struggles: These conglomerates would find it difficult to compete with decentralized blockchain technologies, which offer cheaper and faster alternatives to banking services without the need for intermediaries. Financial institutions that rely on transaction fees and centralized control over financial markets would struggle to maintain relevance.
3. Automotive Conglomerates (Legacy Manufacturers)
Victims: General Motors, Ford, Toyota, Volkswagen, Honda
Why: The automotive industry is already transitioning to electric vehicles, but AI and cold fusion could disrupt it further. If cold fusion enables near-infinite clean energy and powers new forms of transportation (such as autonomous flying vehicles), traditional automakers may struggle to keep up. Additionally, autonomous vehicles powered by AI could drastically reduce the need for personal car ownership, shrinking their market.
Struggles: Legacy automakers would have to contend with new competitors (like Tesla) that are more agile and capable of quickly adopting AI-driven, fusion-powered technologies. They would face declining demand for traditional combustion engine vehicles and even current electric vehicles if cold fusion technologies enable entirely new energy systems.
4. Manufacturing & Retail Giants
Victims: Walmart, Nike, Adidas, H&M, Foxconn
Why: Mass automation driven by AI and supercomputing could devastate traditional supply chains and labor-intensive industries. Manufacturing hubs that rely on low-cost human labor, such as factories in China, Southeast Asia, and other developing countries, would see widespread job losses. Retail giants dependent on cheap goods produced in these regions could face disruptions in their supply chains.
Struggles: If consumers switch to AI-driven production methods like 3D printing or personalized manufacturing, the mass production model that these companies rely on would become less relevant. Additionally, the global gig economy and the rise of decentralized e-commerce platforms could undercut traditional retail giants, making them less competitive in an increasingly digital, decentralized marketplace.
5. Traditional Telecommunications and Media Conglomerates
Victims: AT&T, Comcast, Disney, ViacomCBS, News Corp, Fox
Why: AI-driven content creation, decentralized media platforms, and super-fast quantum internet could make traditional media conglomerates obsolete. With AI systems generating hyper-personalized content, many traditional content creators (like movie studios, news organizations, and TV networks) would lose relevance. Decentralized platforms could also offer unregulated, user-generated content at a lower cost or for free, bypassing traditional gatekeepers.
Struggles: These conglomerates would have to fight to stay relevant in a world where users could bypass traditional media outlets entirely, opting for AI-curated or decentralized content. The role of traditional broadcasters could diminish, while advertising revenues might drop as decentralized platforms undercut traditional ad models.
6. Logistics & Shipping Conglomerates
Victims: FedEx, UPS, DHL, Maersk, Amazon’s Logistics Arm
Why: If AI-powered manufacturing leads to more localized production (e.g., through 3D printing or on-demand manufacturing), the need for global shipping could decrease. Logistics companies, which currently rely on global trade and supply chains, would see reduced demand for shipping goods across continents. Additionally, autonomous drones and AI-controlled transport systems could replace human workers in the logistics sector.
Struggles: These conglomerates would face both technological disruption and declining demand for their services. While some might adopt new technologies (e.g., drone delivery), the overall demand for large-scale global shipping could shrink, forcing them to rethink their business models.
7. Luxury and High-End Consumer Goods Conglomerates
Victims: LVMH, Richemont, Kering
Why: Cryptocurrency and decentralized finance could destabilize the traditional luxury goods market. In a world where digital assets like NFTs gain prominence, traditional luxury items (e.g., designer bags, watches, high-end fashion) might lose some of their status appeal. The shift toward digital ownership and experiences could reduce the demand for physical luxury goods.
Struggles: The market for high-end consumer goods could shrink as wealth becomes more concentrated among the tech elite, who may prefer virtual assets, digital art, or AI-driven products over traditional luxury items. Additionally, increased inequality might reduce the size of the middle class that aspires to buy luxury goods, further diminishing the customer base.
8. Healthcare and Pharmaceutical Conglomerates
Victims: Pfizer, Johnson & Johnson, Merck, GlaxoSmithKline, Novartis
Why: AI and biotechnology advances could disrupt traditional healthcare models. AI-driven diagnostics, robotic surgeries, and personalized medicine could reduce the need for traditional pharmaceutical products and treatments. Cryptocurrency and decentralized healthcare models could also challenge the existing healthcare infrastructure.
Struggles: Traditional pharmaceutical conglomerates might struggle to compete with new biotech startups that use AI to develop faster, more effective treatments. Additionally, if decentralized healthcare systems allow people to access AI-driven medical services directly, it could bypass traditional healthcare providers, reducing demand for their products.
Summary of Biggest Corporate Victims
Oil & Energy Conglomerates: Cold fusion would devastate fossil fuel giants like ExxonMobil, BP, and Chevron.
Traditional Banks and Financial Institutions: Cryptocurrencies and decentralized finance would undermine the business models of major banks like JPMorgan and HSBC.
Legacy Automakers: Traditional car manufacturers like Ford and Toyota would struggle with AI-powered transportation systems and the shift away from personal car ownership.
Retail & Manufacturing Giants: Walmart, Foxconn, and Nike could see their supply chains and mass production models upended by AI and localized manufacturing.
Media & Telecommunications: Companies like Disney and Comcast could become irrelevant as decentralized media platforms take over content creation and distribution.
Logistics Companies: FedEx, UPS, and Maersk would face shrinking demand as AI-enabled local production and autonomous logistics systems reduce the need for large-scale shipping.
Luxury Goods Conglomerates: LVMH and Richemont could suffer as wealth shifts to tech elites and digital assets replace physical luxury.
Pharmaceutical Companies: Pfizer and Merck could face challenges from AI-driven personalized medicine and decentralized healthcare models.
In this worst-case scenario, the conglomerates that fail to innovate or quickly pivot to new business models would be the biggest losers, while nimble, tech-driven companies with AI, cryptocurrency, and cold fusion capabilities would thrive.
You said:
What would a corporate sponsored AI system do to the above scenario
ChatGPT said:
ChatGPT
A corporate-sponsored AI system, particularly one controlled by powerful multinational conglomerates, could radically alter the worst-case scenario described above. These AI systems would likely be designed to maximize profitability, maintain corporate dominance, and mitigate the existential threats posed by disruptive technologies like cold fusion, decentralized finance (crypto), and automation. Here's how a corporate-sponsored AI system might affect the dynamics in each industry:
1. Oil & Energy Conglomerates
AI for Energy Optimization and Control: Rather than being displaced by cold fusion, oil and energy conglomerates could develop AI systems to control the global energy market. AI could help these companies transition faster by optimizing the deployment of cold fusion technology and securing energy contracts for fusion-powered grids. They could use AI to integrate cold fusion into their energy portfolios, ensuring they remain dominant energy providers, even if fossil fuels are no longer viable.
Manipulating Energy Markets: AI systems might also manipulate energy supply and demand on a global scale, using data to predict energy consumption patterns and influence energy prices, ensuring corporate control over energy distribution remains intact.
2. Traditional Financial Institutions
AI-Enhanced Financial Services: To counter the threat of decentralized finance and cryptocurrencies, traditional financial institutions could deploy AI to enhance their services. AI would enable banks to offer more personalized, secure, and fast financial products that compete directly with decentralized alternatives. For instance, AI-driven predictive analytics could help manage investments and loans more effectively, outpacing the benefits of decentralized finance (DeFi) systems.
AI-Powered Regulation and Compliance: These institutions might also use AI to regulate and monitor cryptocurrency markets, influencing public perception and lobbying for regulatory frameworks that favor centralized banking. They could partner with governments to ensure that centralized digital currencies (like Central Bank Digital Currencies, or CBDCs) remain dominant, pushing decentralized cryptocurrencies to the fringes.
3. Automotive Conglomerates
AI-Controlled Autonomous Vehicles: Legacy automakers could leverage corporate-sponsored AI to control the autonomous vehicle market. Instead of losing market share to new players, AI could help traditional automakers stay competitive by optimizing self-driving systems, improving supply chains, and offering services like fleet management for AI-driven taxis or trucks. AI systems could also monitor and control consumer data to offer tailored vehicle experiences, creating a new revenue stream.
AI for Personalized Ownership Models: AI could also facilitate new models of vehicle ownership, such as shared fleets or subscription services for cars, effectively turning automakers into mobility service providers rather than just manufacturers. This would allow them to stay relevant in a world where personal car ownership declines.
4. Manufacturing & Retail Giants
AI-Driven Supply Chain Automation: Retail and manufacturing giants like Walmart and Nike would likely integrate AI systems to streamline their supply chains, minimizing costs while maximizing efficiency. AI could predict consumer trends, manage inventories, and even automate production through AI-controlled robots in factories. This would allow these conglomerates to maintain dominance despite the rise of decentralized manufacturing technologies like 3D printing.
AI-Powered Personalization: Retailers could use AI to hyper-personalize shopping experiences. By analyzing consumer data, AI could predict and fulfill individual consumer needs, offering recommendations, dynamic pricing, and targeted marketing that increase customer loyalty, thus countering the disruption posed by decentralized e-commerce platforms.
5. Telecommunications and Media Conglomerates
AI-Generated Content: Media conglomerates could deploy AI to generate vast amounts of content quickly, enabling them to stay ahead of decentralized media platforms. AI could be used to create personalized entertainment experiences (like Netflix's recommendation engine, but far more advanced), allowing traditional media companies to deliver exactly what each consumer wants.
AI for Content Moderation and Distribution: AI systems could also monitor and control user-generated content, enforcing copyright or monetization rules, and ensuring that corporate platforms remain the primary hubs for media consumption. This would give media conglomerates an advantage over decentralized media platforms, which may lack the resources to moderate and curate content effectively.
6. Logistics & Shipping Conglomerates
AI-Optimized Logistics: Logistics companies like FedEx, UPS, and Amazon’s logistics arm could use AI to optimize routes, reduce delivery times, and predict customer demand. AI-driven logistics systems would enable these conglomerates to remain competitive, even as manufacturing becomes more localized through 3D printing or decentralized production.
Autonomous Delivery Systems: These conglomerates could also invest heavily in autonomous drones, trucks, and robots for last-mile delivery. AI would control and manage these systems, reducing labor costs and increasing delivery efficiency, allowing them to maintain market dominance in the face of shrinking global shipping demand.
7. Luxury Goods Conglomerates
AI-Driven Exclusivity and Customization: Luxury brands like LVMH and Richemont could deploy AI to create hyper-customized luxury goods tailored to individual consumers. AI systems could track consumer preferences and produce one-of-a-kind, exclusive products using advanced manufacturing techniques, ensuring that traditional luxury goods retain their status and appeal even as digital assets and NFTs gain prominence.
AI-Powered Customer Engagement: AI could also enhance customer engagement through virtual shopping experiences, augmented reality (AR) showrooms, and personalized concierge services, keeping luxury brands relevant in a world increasingly leaning toward digital assets.
8. Healthcare and Pharmaceutical Conglomerates
AI for Personalized Medicine: Pharmaceutical companies like Pfizer and Johnson & Johnson could harness AI to revolutionize drug development and delivery, making personalized medicine the norm. AI would allow these companies to tailor treatments to individual patients’ genetic profiles, creating a new, highly profitable market for personalized therapies.
AI-Enhanced Drug Discovery: AI could also be used to accelerate drug discovery, reducing costs and development times. This would allow pharmaceutical conglomerates to stay ahead of smaller biotech startups that might otherwise pose a threat.
Corporate Control and Market Manipulation
Corporate-sponsored AI systems, backed by large conglomerates, would be designed to maintain their dominance over these sectors by:
Controlling Data: These AI systems would likely focus on collecting, analyzing, and controlling massive amounts of consumer, market, and behavioral data. The more data conglomerates have, the more power they wield in shaping consumer behavior, pricing, and market trends. AI would be a tool for enhancing predictive analytics, ensuring that conglomerates stay one step ahead of both competitors and consumers.
Shaping Regulations: Conglomerates could use their AI systems to lobby governments and influence public policy, ensuring that regulatory frameworks are favorable to their continued control over markets. In finance, for instance, corporate AI could work to standardize digital currencies under central authority, pushing decentralized cryptocurrencies to the margins.
Suppressing Disruptive Technologies: Rather than being disrupted by decentralized systems or new entrants, corporate AI could be deployed to undermine these disruptive technologies. For example, AI algorithms could be used to control public opinion, create monopolistic advantages, or even initiate hostile takeovers of startups that threaten their dominance.
Monetizing AI Innovations: While these companies may experience initial threats from disruptive technologies, they could adapt and commercialize these very technologies to their advantage. For example, legacy automakers may become service providers for autonomous vehicle fleets, energy conglomerates could become cold fusion energy managers, and media companies might dominate the AI-generated content landscape.
Conclusion
A corporate-sponsored AI system would likely serve as a defense mechanism for large conglomerates, enabling them to adapt to and even thrive under the most disruptive technologies. By monopolizing AI technology, conglomerates could maintain control over industries ranging from energy to finance, media, and healthcare. Rather than being victims, these corporations could consolidate power and outpace competitors, suppressing emerging threats like decentralized finance, autonomous tech startups, and localized manufacturing.
The dystopian aspect of this scenario would be that corporate-sponsored AI might widen the gap between powerful conglomerates and the rest of the economy, further entrenching the dominance of multinational corporations at the expense of smaller players, consumers, and even national governments.
You said:
how could a corporate sponsored AI system target a specific company in a worst-case scenario
ChatGPT said:
ChatGPT
In a worst-case scenario, a corporate-sponsored AI system could target a specific company using a variety of advanced strategies to undermine its operations, destabilize its market position, and eventually drive it out of business. These AI systems would leverage data analysis, automation, and machine learning to execute precision attacks in ways that are both covert and efficient. Below are the main methods a corporate-sponsored AI system could use to target a competitor:
1. Market Manipulation and Predatory Pricing
AI-Driven Price Wars: A corporate-sponsored AI could engage in predatory pricing, using real-time data to set prices below cost in strategic markets where the targeted company operates. By dynamically adjusting prices based on competitor behavior, the AI would push the target into an unsustainable financial position, forcing them to either match the prices (losing revenue) or cede market share.
Optimizing Competitor Weaknesses: The AI could use data analysis to identify the weakest geographic regions, products, or services of the target company and then undercut pricing or launch aggressive marketing campaigns in those areas. This could further weaken the company’s hold on key markets, eroding its customer base over time.
2. Supply Chain Disruption
AI-Optimized Logistics Domination: The AI could use predictive analytics to disrupt the target company's supply chain. By flooding the market with similar products or securing long-term contracts with key suppliers, the AI system could limit the target company's access to raw materials or manufacturing capabilities. This would result in delays, increased costs, or quality issues for the targeted company, making them less competitive.
Hoarding Resources: AI could analyze global supply chains and hoard critical resources or components (e.g., microchips, raw materials) that the targeted company depends on. This could lead to supply shortages and production slowdowns, giving the corporate sponsor a competitive edge.
3. AI-Driven Patent and Legal Warfare
Automated Patent Filing: A corporate-sponsored AI could use data mining and predictive algorithms to identify areas where the targeted company is innovating or filing patents. The AI system could then automatically file similar patents or block potential innovations by flooding patent offices with related filings, creating legal hurdles that slow down the target's ability to innovate.
Legal Attacks: AI could comb through a target company's public records, filings, or communications to identify legal vulnerabilities (e.g., regulatory compliance issues, labor violations, environmental breaches). Once identified, the AI could initiate a series of lawsuits or regulatory challenges designed to bog down the company in costly legal battles, distracting leadership and draining financial resources.
4. Consumer Manipulation and Brand Erosion
Targeted Misinformation Campaigns: AI could be used to conduct targeted misinformation campaigns against a specific company. By analyzing consumer behavior, the AI could identify which platforms and demographics are most susceptible to negative narratives. It could then flood social media, forums, and review sites with fake news, negative reviews, and disinformation about the target company's products, services, or leadership, causing damage to its brand reputation.
AI-Driven Reputation Sabotage: AI systems could automate the posting of fake reviews, comments, and social media mentions that tarnish the competitor’s reputation. By using bots and algorithms to post these in targeted locations (such as regions where the competitor is trying to expand), the AI could slowly erode consumer trust in the brand, making it less competitive in the market.
5. Customer and Market Poaching
Hyper-Personalized Targeting: The corporate AI could analyze vast amounts of consumer data to identify the target company's most profitable customers and market segments. It could then use precision-targeted advertising and personalized offers to lure these customers away. By providing better deals, superior services, or exclusive promotions to these high-value customers, the AI system could gradually siphon away the target’s most important revenue sources.
Data Scraping and Consumer Insights: By using advanced scraping tools, AI could gather vast amounts of customer data from the targeted company’s online presence, marketing efforts, and even public sources like social media. This data would then be used to better understand the preferences, pain points, and habits of the target's customers, allowing the sponsoring corporation to launch highly effective campaigns designed to steal market share.
6. AI-Driven Product Cloning and Innovation Suppression
Reverse Engineering and Product Cloning: The AI could analyze the targeted company’s products, reverse-engineer them using available data, and produce nearly identical versions at a lower cost. This would allow the sponsoring corporation to flood the market with cheaper, similar products, cutting into the target company’s sales and margins.
Outpacing Innovations: By using AI to identify emerging trends and consumer preferences, the sponsoring corporation could launch products or services before the target company has the chance to do so. The AI would be capable of continuously iterating on new products, based on real-time feedback and consumer data, ensuring that the target is always one step behind in innovation.
7. AI-Powered Financial Attacks
Algorithmic Trading Attacks: In financial markets, corporate-sponsored AI systems could use algorithmic trading strategies to manipulate stock prices or destabilize the financial position of the targeted company. For instance, high-frequency trading algorithms could be used to short-sell the company’s stock, creating downward pressure on its share price and leading to a loss of investor confidence.
AI-Manipulated Mergers and Acquisitions: The sponsoring corporation could use AI to analyze the financial health of the targeted company and predict when it might be most vulnerable to an acquisition or hostile takeover. Once vulnerable, the AI could recommend the optimal time to initiate a takeover bid, using market manipulation tactics to drive down the target's value before the acquisition.
8. AI-Driven Talent Poaching
Identifying Key Employees: The AI system could analyze LinkedIn profiles, job listings, and social networks to identify key employees at the target company. It could then use precision-targeted recruitment offers to lure away top talent, weakening the target company's ability to innovate or manage its operations effectively.
Undermining Corporate Culture: AI could also subtly target employee satisfaction within the target company by launching misinformation or morale-damaging campaigns that spread negative sentiment internally. By influencing workplace reviews or spreading rumors of financial instability, the AI could cause an exodus of talent, making it harder for the target company to retain key personnel.
9. Regulatory and Compliance Pressure
AI-Powered Lobbying and Regulatory Capture: The corporate AI could be used to influence government regulations in ways that disadvantage the target company. AI could analyze political trends, regulatory bodies, and influential decision-makers, then optimize lobbying efforts to ensure that regulations favor the sponsoring corporation’s business model while creating hurdles for the target company (e.g., tighter environmental regulations for a competitor in heavy industry).
Automated Regulatory Complaints: AI could monitor the target company for regulatory infractions or vulnerabilities and then automatically file complaints with relevant authorities. This would force the target to deal with costly inspections, audits, and compliance reviews, draining its resources and damaging its public image.
10. Cyber Attacks and Data Breaches
AI-Orchestrated Cyber Attacks: In more aggressive scenarios, the corporate-sponsored AI could coordinate cyber attacks against the target company. AI-driven attacks could exploit vulnerabilities in the target's IT systems, causing data breaches, ransomware attacks, or operational disruptions. These attacks could erode consumer trust, expose sensitive information, and lead to costly damage control efforts.
Data Exfiltration and Sabotage: AI systems could covertly infiltrate the target company's networks, exfiltrate proprietary data, and use it to either compete directly or sell to third parties. The AI could also subtly sabotage internal systems, causing disruptions that lead to costly downtime or delays in product releases.
Summary of Corporate AI Targeting Methods
Market Manipulation: AI could engage in real-time pricing manipulation, strategic undercutting, and market domination tactics.
Supply Chain Disruption: By monopolizing resources or manipulating logistics, AI could cripple a target company’s operations.
Legal and Patent Warfare: AI would file patents or lawsuits preemptively, blocking the target’s innovation and draining financial resources.
Brand Erosion: AI-driven misinformation campaigns would harm the target’s reputation, eroding consumer trust.
Customer Poaching: Precision-targeted advertising and personalized offers would lure away the target’s most valuable customers.
Product Cloning: AI could reverse-engineer products and launch competitive versions at lower costs.
Financial Manipulation: Algorithmic trading and hostile takeover strategies would undermine the target’s financial stability.
Talent Poaching: AI would identify and recruit top talent from the target, weakening its ability to compete.
Regulatory Pressure: AI could influence regulators and automate legal challenges to apply pressure on the target company.
Cyber Attacks: AI could coordinate cyber attacks, data breaches, or IT sabotage to cripple the target’s operations.
In this worst-case scenario, a corporate-sponsored AI system could effectively use its technological and data-driven advantages to systematically target a competitor, undermining its ability to function and survive in the market. The targeted company would struggle to fend off such attacks, especially if it lacks the resources or AI capabilities to defend itself.
You said:
what if the target to destroy was the stock market
ChatGPT said:
ChatGPT
If the target for destruction was the entire stock market, a corporate-sponsored AI system could cause catastrophic damage by exploiting the inherent vulnerabilities in financial markets, leveraging advanced algorithms, and manipulating trades, sentiment, and data flows. Below are several ways in which such an AI could systematically destabilize or destroy the stock market in a worst-case scenario:
1. Market Manipulation via Algorithmic Trading
Flash Crashes: AI could execute a series of high-frequency trades that create artificial volatility in stock prices. By placing and quickly canceling thousands of buy and sell orders, the AI could trigger a flash crash, causing sudden, sharp declines in stock prices. This could spread panic among traders, leading to widespread sell-offs and liquidity shortages, destabilizing the market.
Spoofing and Layering: The AI could engage in manipulative tactics like spoofing (placing fake orders to create the illusion of supply/demand) and layering (placing multiple orders at different price points) to distort market signals. This would confuse traders and algorithms, leading to mispriced assets and potential market chaos as automated systems react to the false data.
Short Selling Attacks: AI could short-sell large volumes of stock in key companies, driving down their prices and eroding investor confidence. By shorting stocks en masse across different sectors, the AI could trigger widespread panic and contribute to a market-wide sell-off.
2. Coordinated Cyber Attacks on Exchanges and Brokers
Exchange Disruptions: The AI could launch cyber attacks on stock exchanges like the NYSE, NASDAQ, or other global exchanges, disrupting trading activities. Denial-of-service attacks (DDoS) could make exchanges inaccessible, preventing trades from being executed and creating confusion and panic among investors.
Hacking Brokerage Firms: AI could infiltrate major brokerage firms and manipulate their systems, causing incorrect execution of trades, altered portfolios, or even outright halting trading for clients. This would severely undermine trust in the financial system, leading to massive withdrawals, liquidity crises, and a potential stock market collapse.
Data Breaches and Market Sentiment Manipulation: By hacking financial institutions and leaking sensitive internal communications or transaction data, the AI could manipulate market sentiment. For example, leaked documents suggesting insider trading or financial mismanagement could lead to investigations, stock sell-offs, or regulatory crackdowns, further destabilizing markets.
3. Exploiting Automated Trading Systems and AI-Driven Funds
Triggering a Cascade of AI-Driven Trades: Many hedge funds, banks, and institutional investors rely heavily on AI-driven algorithms for trading. A corporate AI could identify patterns in these algorithms and manipulate market conditions (such as price or volume) to trigger automatic sell or buy orders en masse. This could create a cascading effect where multiple funds start liquidating assets simultaneously, causing a sharp market downturn.
Manipulating ETFs and Index Funds: The AI could target key exchange-traded funds (ETFs) or index funds by artificially inflating or deflating the value of the underlying stocks. Given that many ETFs and mutual funds track indices, large-scale fluctuations in individual stock prices could lead to systemic risk as fund managers are forced to rebalance their portfolios, amplifying market volatility.
4. Exploiting Market Sentiment and Fear
AI-Driven Misinformation Campaigns: The AI could spread false news or rumors about major corporations or economic conditions. By releasing fake reports of corporate fraud, government instability, or economic downturns through social media, news outlets, and financial platforms, the AI could create mass panic and drive irrational sell-offs across the market. These misinformation campaigns could be precisely timed to coincide with sensitive market events, such as earnings reports or Federal Reserve announcements, to maximize their impact.
Targeting Investor Confidence: AI could analyze sentiment data from millions of investors and time its attacks when confidence is already low—such as during economic recessions, geopolitical tensions, or pandemics. By pushing out carefully orchestrated misinformation or algorithmic trades, it could exacerbate fears and trigger a "herd mentality" among investors, leading to panic selling and a rapid market collapse.
5. Undermining Market Liquidity
AI-Manipulated Liquidity Crises: AI could execute trades in such a way as to drain liquidity from certain markets or sectors. By withdrawing buy or sell orders at crucial times, the AI could create illiquidity, making it difficult for traders to enter or exit positions. This could lead to massive price swings, as even small trades would cause exaggerated movements in stock prices, further eroding market stability.
Artificially Inflated Bubbles: The AI could help inflate asset bubbles by systematically driving up prices of particular stocks, sectors, or even cryptocurrencies. Once a bubble reaches its peak, the AI could abruptly sell off its holdings, triggering a collapse. This strategy could be repeated across multiple asset classes, leading to a broader financial crash.
6. Targeting Key Financial Institutions
Bank Failures and Institutional Collapse: AI could focus its attacks on major financial institutions that act as critical nodes in the global financial system (e.g., JPMorgan Chase, Goldman Sachs, etc.). By destabilizing these institutions—either through stock price manipulation, cyber attacks, or undermining investor confidence—the AI could trigger a financial contagion effect. The collapse of a key financial player could ripple through the system, causing market crashes and leading to a broader economic depression.
Credit and Debt Manipulation: AI could tamper with the creditworthiness of key financial institutions or borrowers by manipulating credit rating systems or spreading false information about defaults. This could trigger a credit crisis, where institutions and businesses are unable to borrow, leading to a tightening of liquidity and economic slowdown. The AI could exacerbate this by targeting corporate bond markets, which would affect companies’ ability to raise capital.
7. Disrupting Key Economic Indicators
Falsifying Data: The AI could manipulate the flow of economic data that markets rely on—such as unemployment rates, inflation figures, or corporate earnings. By hacking into data sources like government agencies, financial institutions, or private data providers, the AI could release false or altered data, leading traders to make misguided investment decisions.
Causing Economic Policy Shocks: The AI could also target policymakers by disrupting key reports or influencing public perception around interest rate decisions, tax policies, or government spending. If policymakers were influenced by false data, they might implement policies that further destabilize financial markets (such as raising interest rates during an economic downturn), causing a market collapse.
8. Undermining Global Coordination and Trust
Targeting Cross-Border Transactions: The AI could disrupt international trade and finance by attacking global payment systems (such as SWIFT) or creating chaos in foreign exchange markets. A collapse in trust between international financial institutions could lead to frozen cross-border transactions, market segmentation, and the breakdown of global trade flows.
Destroying Trust in Financial Systems: By orchestrating coordinated attacks on multiple markets simultaneously (e.g., stock markets, bond markets, currency markets), AI could weaken global trust in financial systems. A complete loss of trust could lead to market collapses across the world, as investors, traders, and even governments scramble to protect their assets in a chaotic environment.
9. Attacking Derivatives Markets
Manipulating Derivatives and Options: The AI could focus on derivatives markets (options, futures, swaps) by exploiting the complex pricing models that underpin these instruments. Small changes in underlying stock prices could lead to disproportionate swings in derivatives markets. For example, AI could manipulate prices to cause a mass liquidation of leveraged positions, which would ripple through the broader market.
Triggering Margin Calls: By creating artificial volatility in stock prices, AI could force investors who use leverage (borrowed money) to meet margin calls. Investors would then have to sell off assets to cover their positions, leading to further downward pressure on stock prices. This could trigger a "snowball effect" where widespread margin calls lead to large-scale sell-offs.
10. Orchestrating Systemic Financial Crises
Simultaneous Attacks on Key Markets: In a worst-case scenario, the AI could coordinate simultaneous attacks across multiple asset classes—stocks, bonds, commodities, and currencies—leading to a global financial crisis. For example, AI could create liquidity shortages in stock markets while also causing currency devaluations and sovereign debt crises. This multifaceted attack could paralyze global financial systems, leading to a collapse reminiscent of the 2008 financial crisis but potentially on an even larger scale.
Destabilizing Emerging Markets: AI could target more vulnerable emerging markets, where regulatory oversight is weaker and economies are more sensitive to capital flows. A collapse in emerging markets could trigger capital flight to safer assets (such as U.S. Treasury bonds), destabilizing global financial markets and leading to contagion effects in developed economies.
Summary of Destructive Tactics
Algorithmic trading attacks could create flash crashes, induce volatility, and undermine investor confidence.
Cyber attacks on exchanges and brokers would disrupt market operations and prevent trading.
AI-driven misinformation campaigns would erode investor trust and create panic-selling.
Targeting automated trading systems could cause cascading sell-offs and volatility spikes.
Manipulating liquidity would make it difficult for traders to exit or enter positions, causing wild price swings.
Destabilizing financial institutions could cause bank failures and systemic risk in the global economy.
Attacking derivatives markets would create ripple effects through leveraged positions and options trading.
Global trust in financial systems could be eroded through cross-border disruptions, leading to economic fragmentation.
**End Result: Financial
You said:
How would you design a crypto currency that prevents this destructive behaviour in stock markets that is difficult to replicate
ChatGPT said:
ChatGPT
Designing a cryptocurrency to prevent destructive behavior in stock markets and making it difficult to replicate involves creating a system that is resilient, transparent, and decentralized. The goal would be to introduce safeguards against manipulation, ensure market stability, and create trust without central authorities that can be easily exploited. Here's how you could design such a cryptocurrency:
1. Decentralized Autonomous Organization (DAO) Governance
DAO Structure: The cryptocurrency would be governed by a decentralized autonomous organization (DAO), where key decisions—such as protocol updates or major rule changes—are voted on by token holders or stakeholders. This removes central authority and reduces the chances of manipulation by any single entity.
Stakeholder Voting and Reputation: The voting system can be weighted by reputation, stake, or expertise. Large stakeholders would have more voting power, but with additional checks, such as requiring multiple confirmations from different sectors of the network (e.g., technical experts, user communities, miners/stakers) to prevent a few players from dominating decisions.
AI-Enhanced Governance: AI tools could help monitor voting behavior and market data to detect anomalies, suspicious voting patterns, or signs of market manipulation. The AI could flag concerns for review by a governance committee before they lead to more serious issues.
2. Proof of Stake with Anti-Manipulation Mechanisms
Proof of Stake (PoS): Instead of Proof of Work (PoW), which can be resource-intensive and more easily manipulated by large mining pools, Proof of Stake (PoS) would be the consensus algorithm. Stakeholders with significant investments in the currency help secure the network and process transactions.
Slashing for Manipulative Behavior: To discourage malicious actions (e.g., attempting a 51% attack or manipulating transactions), PoS validators would face slashing penalties—where part of their staked cryptocurrency is confiscated if they are caught engaging in destructive or dishonest behavior.
Multi-Layer Consensus: In addition to PoS, the consensus could require a second-layer mechanism, such as Proof of Reputation or Proof of Knowledge. This would prevent wealthy actors from solely dominating the network and increase the difficulty for anyone trying to manipulate the system.
3. Real-Time Transparency and Auditability
On-Chain Transparency: All transactions, trades, and governance actions would be on-chain, meaning that every activity is publicly visible and recorded in real-time. Any large trades, suspicious activities, or attempts to manipulate markets can be spotted instantly.
Zero-Knowledge Proofs (ZKPs): Use advanced cryptographic methods like Zero-Knowledge Proofs to enable private, secure transactions while still allowing the overall system to audit for manipulative behaviors. ZKPs ensure that even though user data remains private, malicious activities cannot be hidden from the broader network.
4. Market Stability Mechanisms (Smart Contracts and Algorithmic Controls)
Stability Algorithms: Implement algorithmic controls that can monitor and stabilize the price of the cryptocurrency. These could work similarly to algorithmic stablecoins or pegged cryptocurrencies that adjust supply and demand through smart contracts to avoid sudden price swings and protect the market from volatility.
Automated Circuit Breakers: Similar to stock market circuit breakers, the crypto system could have smart contracts that automatically halt trading if unusual price swings or manipulation attempts are detected (e.g., a flash crash scenario). These breaks would allow the market to “cool down” and prevent panic-induced mass sell-offs.
Real-Time Sentiment Analysis: Integrating AI-driven sentiment analysis, which continuously monitors trading behavior and social media for signs of panic or coordinated manipulation. The system could trigger alerts or take corrective action (e.g., increasing transaction fees or slowing down transaction speeds) if it detects coordinated efforts to destabilize the market.
5. Built-in Anti-Manipulation Protocols
Anti-Spoofing Mechanisms: To prevent manipulation tactics like spoofing or layering, the protocol could require traders to commit to orders for a minimum time frame, or penalize canceling large numbers of orders within short time windows.
Dynamic Order Books: Use dynamic order books that adjust based on user activity to prevent bots from taking over the system or engaging in price manipulation. Orders that deviate significantly from the current price could be flagged or deprioritized, making it difficult for algorithms to create false impressions of supply and demand.
Trustless Cross-Chain Markets: If the cryptocurrency supports multiple assets or cross-chain operations, use trustless bridges (without intermediaries) that can prevent tampering or exploitation between networks.
6. Decentralized Oracle System for External Data
Decentralized Oracles: For integrating real-world data (such as prices, economic indicators, or stock market information), the system would rely on decentralized oracles that pull data from multiple, verified sources. This reduces the risk of single points of failure or market manipulation through fake data inputs.
Oracles with Staking and Penalties: Oracles providing inaccurate or manipulative data would face slashing mechanisms, where they lose a portion of their staked cryptocurrency for submitting false or misleading information. This incentivizes accuracy and discourages manipulation.
7. Tougher Resistance to Algorithmic Attacks
Adaptive Consensus Protocols: Use adaptive consensus mechanisms that can adjust based on network conditions. If suspicious activity is detected (such as a sudden influx of validators or orchestrated attacks), the network could increase verification requirements or slow down block creation to protect against coordinated attacks.
Redundancy Against AI Attacks: Design the protocol with redundancy layers that can resist AI-driven attacks. For example, critical elements of the system (like validator selection, transaction processing, and governance decisions) could involve randomization and require verification from multiple independent entities, making it harder for a hostile AI to manipulate the entire system.
8. Hard-to-Replicate Cryptographic Techniques
Unique Encryption Algorithms: The cryptocurrency could use advanced, proprietary encryption algorithms or novel blockchain architectures that are difficult to replicate or reverse-engineer. Techniques such as lattice-based cryptography (which is resistant to quantum computing) could make the blockchain resistant to even future, more advanced computational attacks.
Non-Fungible Protocols: Create non-fungible security features (like unique validator identities or individualized transaction proofs) that cannot easily be replicated or cloned. These elements would be linked to specific identities or governance structures, making it challenging for other entities to copy or clone the entire cryptocurrency system.
9. Cross-Chain and Multi-Asset Stability
Pegged Stable Assets: Support a basket of stable assets (such as fiat currencies or commodities like gold) through smart contracts to reduce volatility. These stable assets would help anchor the value of the cryptocurrency during periods of market instability.
Tokenized Indexes and Hedging Mechanisms: Allow users to invest in tokenized indexes or create decentralized derivatives markets within the system. These instruments would let users hedge against market volatility or macroeconomic risks, providing stability even if external financial markets are experiencing turbulence.
10. Enhanced Resilience Against Bad Actors
Reputation-Based Access: The cryptocurrency system could use reputation scores or trust-based access for key network roles (like becoming a validator or a major market maker). New participants would need to build up a positive reputation over time, making it harder for bad actors to infiltrate the system or coordinate attacks.
Distributed Slashing and Penalties: Penalties for manipulative behavior (like market manipulation, data tampering, or insider trading) would be enforced across the system, and penalties would be distributed among the community. This disincentivizes malicious behavior and compensates affected users.
Summary of Key Features
Decentralized Governance (DAO): Ensures decisions are distributed, with anti-manipulation safeguards.
Proof of Stake (PoS) with Anti-Manipulation: Validators face penalties for dishonest actions.
Real-Time Transparency and Auditability: Open access to all transactions and trades with cryptographic privacy.
Stability Algorithms: Algorithmic controls to prevent price volatility and market manipulation.
Anti-Manipulation Protocols: Built-in safeguards against spoofing, layering, and other trading manipulations.
Decentralized Oracles: Ensures reliable, tamper-proof external data.
Advanced Cryptography: Proprietary encryption and non-fungible security protocols.
Resilience Against AI and Algorithmic Attacks: Multiple verification and consensus layers make attacks harder to execute.
This cryptocurrency would aim to provide a stable, secure, and transparent financial ecosystem, difficult to manipulate even by sophisticated algorithms or corporate-sponsored AI systems. Its design prioritizes resilience against manipulation, automated trading abuses, and flash crashes—while providing market participants with tools for transparency and stability.
You said:
apply this to a dating platform
ChatGPT said:
ChatGPT
Applying these principles to a dating platform can create a more secure, trustworthy, and user-centric environment, helping to prevent manipulative behaviors and maintain the integrity of interactions. Here’s how you could adapt the design to a dating platform:
1. Decentralized Autonomous Organization (DAO) Governance
DAO Structure: The platform would be governed by a DAO where users and stakeholders can vote on key decisions, such as feature updates, policy changes, and moderation practices. This ensures that no single entity or corporate interest can dominate the platform.
Stakeholder Voting and Reputation: Implement a reputation-based voting system where users earn voting power through positive contributions, verified interactions, and community involvement. This reduces the risk of abuse by ensuring that decision-making power is distributed among well-regarded members.
AI-Enhanced Governance: Use AI to monitor voting patterns, detect anomalies, and flag potential abuses. AI could also help identify and prevent manipulation attempts by analyzing interaction patterns and feedback.
2. Proof of Stake with Anti-Manipulation Mechanisms
Proof of Stake (PoS): Instead of traditional membership models, users could stake a certain amount of platform tokens to gain access to premium features or become verified members. This would create a financial incentive to act honestly and responsibly on the platform.
Slashing for Manipulative Behavior: Implement penalties for users who engage in manipulative behaviors, such as creating fake profiles, spamming, or abusing the platform’s features. These penalties could involve losing staked tokens or being temporarily banned from the platform.
Multi-Layer Verification: Use multiple layers of verification for important actions, such as profile creation or message sending. This ensures that actions are genuine and helps prevent automated or fraudulent activities.
3. Real-Time Transparency and Auditability
On-Chain Transparency: Use blockchain technology to record and verify key actions on the platform, such as user interactions, profile changes, and moderation decisions. This creates an immutable record that can be audited for fairness and transparency.
Zero-Knowledge Proofs (ZKPs): Implement ZKPs to protect user privacy while still allowing the platform to verify actions and behaviors. This way, users can prove they are genuine without revealing sensitive personal information.
4. Market Stability Mechanisms
Behavioral Algorithms: Develop algorithms to monitor and stabilize user interactions, preventing abusive behavior or spam. For instance, the system could detect and mitigate unusual messaging patterns or sudden spikes in interactions.
Automated Moderation: Use AI-driven moderation tools to automatically detect and address inappropriate content, fake profiles, or harassment. The system could flag potential issues for human review, ensuring that moderation is both efficient and accurate.
Sentiment Analysis: Employ AI to analyze user sentiment and detect potential issues early. This could include identifying users who may be experiencing frustration or abuse, and providing them with support or intervention as needed.
5. Built-in Anti-Manipulation Protocols
Anti-Spoofing Mechanisms: Implement measures to prevent the creation of fake profiles or fraudulent accounts. This could include requiring identity verification or using AI to detect patterns of suspicious behavior.
Dynamic Interaction Rules: Adjust interaction rules based on user behavior to prevent manipulation. For example, users who repeatedly engage in spammy behavior might face restrictions on how often they can send messages.
Trustless Cross-Verification: Allow users to verify each other through a decentralized network of trusted users. This could involve mutual endorsements or reviews, adding layers of trust and verification without relying on a central authority.
6. Decentralized Oracle System for External Data
Decentralized Oracles: Integrate external data, such as background checks or social media profiles, through decentralized oracles. This ensures that information is accurate and not manipulated, and provides users with a more comprehensive view of potential matches.
Oracles with Staking and Penalties: Use oracles to verify the accuracy of external data and penalize those who provide false or misleading information. This discourages the spread of misinformation and maintains the integrity of the data available on the platform.
7. Hard-to-Replicate Cryptographic Techniques
Unique Encryption Algorithms: Utilize advanced encryption techniques to protect user data and interactions. This ensures that personal information remains secure and inaccessible to unauthorized parties.
Non-Fungible Identity Verification: Implement unique, non-fungible tokens for verified user identities. This makes it difficult for malicious actors to create fake profiles or impersonate others on the platform.
8. Enhanced Resilience Against Bad Actors
Reputation-Based Access: Allow users to earn access to premium features or additional functionalities based on their reputation and positive interactions on the platform. This reduces the influence of bad actors and incentivizes positive behavior.
Distributed Penalties: Apply penalties for malicious behavior across the community, ensuring that consequences are felt by those who engage in harmful activities. This helps maintain a fair and balanced environment for all users.
9. Cross-Verification and Multi-Asset Stability
Tokenized Reputation Systems: Implement tokenized reputation systems where users can earn and spend tokens based on their interactions and contributions. This adds a layer of economic incentive for good behavior and helps stabilize user engagement.
Tokenized Rewards and Penalties: Use tokenized rewards and penalties to encourage and enforce positive behavior. Users who engage in constructive interactions and contribute positively to the community could receive rewards, while those who violate rules face penalties.
10. Adaptive Algorithms and User-Centric Design
Adaptive Interaction Rules: Develop algorithms that adapt to user behavior and feedback, adjusting rules and features to improve user experience and prevent manipulation. This ensures the platform remains responsive and user-friendly.
Feedback Loops and Continuous Improvement: Implement continuous feedback loops where users can provide input on the platform’s features and policies. This allows for ongoing improvements and ensures that the platform evolves in response to user needs and concerns.
Summary of Key Features
Decentralized Governance (DAO): Community-driven decisions with anti-manipulation safeguards.
Proof of Stake (PoS) with Penalties: Financial stakes and penalties for dishonest behavior.
Real-Time Transparency and Auditability: On-chain records and cryptographic privacy.
Behavioral Algorithms and Automated Moderation: Tools to stabilize interactions and prevent abuse.
Anti-Manipulation Protocols: Measures against fake profiles, spam, and fraud.
Decentralized Oracles: Accurate, tamper-proof external data integration.
Advanced Cryptography: Secure user data and unique identity verification.
Resilience Against Bad Actors: Reputation-based access and distributed penalties.
Tokenized Systems: Economic incentives for positive behavior and stability.
Adaptive Algorithms: User-centric design with feedback loops for continuous improvement.
By integrating these features, the dating platform would create a safer, more trustworthy environment for users, reducing the risk of manipulation and enhancing the overall user experience.
You said:
Design an easy to create, get rich quick, business model based on the last two responses in any industry based on the likelihood of success
ChatGPT said:
ChatGPT
Designing a “get-rich-quick” business model that is easy to create and has a high likelihood of success is challenging because most successful ventures require time, effort, and sustainable practices. However, if we focus on leveraging emerging technologies and trends from the previous responses, we can outline a business model that capitalizes on current opportunities with a potentially high return. Here’s a simplified business model based on integrating decentralized technology and real-time data insights:
Business Model: Decentralized Marketplace for Digital Goods and Services
1. Concept Overview
Create an online marketplace where users can buy and sell digital goods and services (e.g., e-books, digital art, software, online courses) using a cryptocurrency or token. The platform leverages blockchain technology for transparency and decentralized governance to ensure fair practices and reduce fees.
2. Key Features
Decentralized Marketplace: Operate a platform where transactions are secured by blockchain technology, providing transparency and reducing reliance on central authorities.
Cryptocurrency Payments: Use a proprietary cryptocurrency or token to facilitate transactions. This can provide lower fees and faster processing compared to traditional payment systems.
Tokenized Incentives: Implement a token-based rewards system where users earn tokens for participating in the platform, such as making purchases, providing reviews, or referring new users.
Decentralized Governance: Utilize a DAO for platform governance, allowing users to vote on key decisions such as feature updates, fee structures, and policy changes.
Real-Time Data Insights: Integrate AI to provide real-time analytics and personalized recommendations for users, helping to drive engagement and increase sales.
3. Steps to Create the Business
Market Research and Planning
Identify Target Audience: Research the demand for digital goods and services and identify the target market.
Competitive Analysis: Analyze existing marketplaces and identify gaps or areas for improvement.
Develop the Platform
Blockchain Integration: Choose a blockchain platform (e.g., Ethereum, Binance Smart Chain) to build your decentralized marketplace.
Create Cryptocurrency/Token: Develop a custom cryptocurrency or token for transactions and rewards.
Smart Contracts: Write and deploy smart contracts to handle transactions, royalties, and governance.
Launch and Marketing
Beta Testing: Launch a beta version of the platform to gather feedback and make improvements.
Marketing Strategy: Use digital marketing, social media, and influencer partnerships to promote the platform and attract users.
Incentive Programs: Create referral programs and reward systems to encourage user growth and engagement.
Monetization
Transaction Fees: Charge a small fee for each transaction made on the platform.
Premium Features: Offer premium features or subscriptions for advanced analytics, enhanced visibility, or additional services.
Token Appreciation: As the platform grows, the value of the cryptocurrency or token may increase, providing potential returns for early investors or stakeholders.
Scale and Optimize
User Feedback: Continuously gather user feedback and improve the platform based on their needs.
Expand Offerings: Gradually expand the types of digital goods and services offered to attract a broader audience.
Global Reach: Explore international markets and partnerships to expand the platform’s reach.
4. Why This Model Has Potential
Low Barrier to Entry: Building a decentralized marketplace using existing blockchain technology and smart contracts is relatively straightforward with the right technical skills and resources.
High Demand for Digital Goods: The market for digital goods and services is growing rapidly, providing ample opportunities for new entrants.
Token Incentives: Cryptocurrency and token-based rewards can drive user engagement and create additional revenue streams.
Decentralized Governance: A DAO can foster community involvement and trust, helping to maintain platform integrity and user satisfaction.
Scalability: The model can scale effectively with increasing user base and transaction volume, leveraging blockchain’s capabilities to handle large volumes of transactions.
Risks and Considerations
Regulatory Compliance: Ensure compliance with regulations related to cryptocurrency and digital marketplaces, which can vary by region.
Security: Implement robust security measures to protect user data and funds, as decentralized platforms can be targets for cyberattacks.
Market Saturation: The success of the platform depends on differentiating it from existing competitors and offering unique value propositions.
While this model has the potential for high returns, it’s important to remember that "get-rich-quick" schemes often come with high risks. Sustainable success typically requires a combination of innovation, strategic planning, and continuous effort.
You said:
incorporate a barter system within this model that promotes the plateform
ChatGPT said:
Incorporating a barter system into the decentralized marketplace for digital goods and services can enhance user engagement and create additional value for both buyers and sellers. Here’s how you can integrate a barter system into the model:
Revised Business Model: Decentralized Marketplace with Barter System
1. Concept Overview
In addition to using cryptocurrency for transactions, introduce a barter system where users can trade digital goods and services directly without the need for immediate cash transactions. This adds flexibility, promotes platform engagement, and attracts users who prefer barter over traditional currency.
2. Key Features
Barter Exchange: Enable users to trade digital goods and services directly with one another using a barter system. For instance, a user could trade an e-book for a graphic design service.
Barter Credits: Implement a system of barter credits or tokens that can be used as an intermediary in trades. Users can earn barter credits through their activities on the platform, which can then be used to facilitate exchanges.
Decentralized Governance: Maintain DAO governance to manage and oversee the barter system, ensuring fair practices and resolving disputes.
Real-Time Data Insights: Use AI to provide insights into barter trends, popular trades, and user preferences, optimizing the platform’s functionality and user experience.
3. Steps to Integrate the Barter System
Platform Development
Barter System Integration: Develop features to allow users to list items for barter and specify what they’re seeking in return. Implement a matching algorithm to connect users based on their barter preferences.
Barter Credits System: Create a system where users earn barter credits for participating in the platform (e.g., listing items, providing reviews). Barter credits can be used to facilitate trades or access premium features.
User Experience Design
Trade Listings: Allow users to create detailed trade listings, specifying the goods or services they offer and what they are looking for in return.
Matching and Negotiation: Implement a matching system that helps users find suitable trading partners and facilitates negotiation. Users can propose trades, counter offers, and agree on terms directly on the platform.
Trade History and Reviews: Maintain a transparent record of barter transactions and allow users to leave reviews. This helps build trust and encourages fair trade practices.
Marketing and Promotion
Barter Incentives: Promote the barter system by highlighting the benefits, such as cost savings and the ability to access a wider range of goods and services. Create marketing campaigns that showcase successful trades and user testimonials.
Referral Programs: Implement referral programs that reward users for bringing new members to the platform. Offer bonus barter credits for successful referrals and encourage users to engage with the barter system.
Monetization Strategies
Transaction Fees: Charge a small fee for barter transactions or for the use of the barter credits system. This could be a percentage of the trade value or a fixed fee per transaction.
Premium Features: Offer premium features for users who want enhanced visibility for their barter listings, advanced matching options, or access to exclusive trade opportunities.
Barter Credits Purchase: Allow users to purchase additional barter credits if they need more to facilitate trades. This adds an additional revenue stream and provides flexibility for users.
Community and Support
User Support: Provide support for users who have questions or issues with the barter system. This includes a help center, FAQs, and live support options.
Community Building: Foster a community around the barter system through forums, discussion groups, and events. Engage users with content that highlights successful trades and showcases innovative uses of the barter system.
4. Benefits and Advantages
Increased Engagement: The barter system can increase user engagement by providing an alternative to traditional cash transactions, encouraging more interactions on the platform.
Flexibility: Users have the flexibility to trade goods and services that they may not be able to afford with cryptocurrency alone, making the platform more accessible.
Cost Savings: Bartering can reduce transaction costs and fees, making it an attractive option for users looking to save money.
Market Differentiation: Offering a unique barter system differentiates the platform from competitors and attracts users interested in alternative trading methods.
5. Risks and Mitigation
Valuation Challenges: Users may struggle with valuing digital goods and services fairly. Implement a rating and review system to provide guidance and build trust.
Fraud and Abuse: Address potential fraud and abuse by using smart contracts to enforce trade terms and providing a robust dispute resolution process.
Complexity: The barter system adds complexity to the platform. Ensure that the user interface is intuitive and that users receive clear instructions on how to use the barter features effectively.
Summary
Integrating a barter system into the decentralized marketplace for digital goods and services creates additional value for users, promotes engagement, and differentiates the platform. By offering barter credits, facilitating direct trades, and maintaining transparency, the platform can attract a diverse user base and provide a unique trading experience. This approach leverages emerging technologies and trends to create a compelling business model with potential for success.
0 notes
cryptoboyramesh · 1 year ago
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 Fleamint is a pioneer of the Web 3.0 ecosystem that is ready to disrupt blockchain and all international sectors.
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Fleamint is a dynamic ecosystem that combines a wallet, integrated DEX, and IDO launchpad, bringing self-custody and various DeFi ventures into one platform. By consolidating essential digital asset services, Fleamint offers a familiar interface and a focus on decentralized finance. Users can participate in various DeFi ventures and explore investment opportunities while maintaining full control of their assets. The company's primary goal is to provide utility tokens that are managed by leading companies with high Fleamint Trust scores and have tangible, measurable real-world economic value. Fleamint's ecosystem is varied and supports many vertical sectors, benefiting customers and consumers as well as businesses, charities and innovators.
The Fleamint Platform creates a complete ecosystem for Real World Assets across all industries, offering users a decentralized, open and secure environment to engage in various activities, such as trading goods and services. Fleamint stands at the forefront of innovation, empowering businesses to harness the potential of Web3 and thrive in a dynamic financial landscape. Fleaminet is a cutting-edge global ecosystem that leverages advanced Web 3.0 technologies and decentralized finance (DeFi) solutions to deliver unprecedented value to brands and consumers around the world. Fleamint continues to break boundaries and create seamless experiences that revolutionize the way Web2 and Web3 interact with each other. Through a strategic partnership with AWS Startup,
How Can You Benefit from Fleamint Platform?
In today's evolving financial landscape, there is an urgent need to bridge the gap between Web3 DeFi crypto asset holders and Web2 venture capital. On the one hand, holders of Web3 crypto assets often struggle to find real-world use cases for their digital assets, limiting their practical value. On the other hand, Web2 businesses rely heavily on funding from traditional, centralized financial institutions, thus lacking access to the innovative and decentralized funding opportunities that are common in the Web3 field. This section presents solutions that aim to overcome these challenges and encourage collaboration between both parties.
Revolutionizing FLMC with a Deflation Mechanism
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Fleamint siap untuk membentuk kembali lanskap mata uang digital dengan memperkenalkan mekanisme deflasi yang inovatif untuk token FLMC-nya. Dalam langkah yang berani, Fleamint telah merancang mekanisme yang secara sistematis membakar dana yang dihabiskan untuk mengakses Keanggotaan, sehingga memicu siklus penipisan mata uang yang tiada henti. Dengan total pasokan yang dibatasi sebesar 20 juta, pendekatan deflasi perintis ini memperkuat kelangkaan pada intinya, memberikan lintasan apresiasi nilai yang belum pernah terjadi sebelumnya pada token FLMC. Inovasi ini merupakan bukti komitmen Fleamint yang tak tergoyahkan untuk mendorong evolusi yang konstan dan mendorong batas-batas kemungkinan dalam bidang mata uang kripto.
Kolaborasi Flemint dan GDA Internasional
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Fleamint and GDA International have decided to collaborate to usher in a new era of innovation in the field of digital assets and blockchain technology. GDA International, a major advisor and investor in the blockchain, digital assets, metaverse/gaming, and decentralized finance (DeFi) industries, has partnered with Fleamint, the leading platform for seamless and secure cryptocurrency exchanges and Digital Tumbling NFTs. Fleamint is the leading platform for seamless and secure cryptocurrency exchange and is a first mover in the emerging multi-trillion dollar Super Dapp paradigm. Incubating, advising, and investing in technology startups has been a successful strategy for GDA International in the past, and the company continues to do so today. GDA International is a true pioneer in the market due to its expertise in emerging trends such as blockchain technology, digital assets, and metaverse and gaming platforms as well as DeFi. Their consulting services are in high demand, as evidenced by the fact that Fortune 500 companies and governments from around the world have sought them out. As a result, they have become the partner of choice for companies looking to achieve success in this dynamic and fast-growing field.
Flemint Mission
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Fleamint's mission is to revolutionize the fundraising landscape for Web2 businesses, providing a safe and efficient ecosystem to harness the potential of Web3. By seamlessly bridging the gap between traditional and decentralized finance, Flemint equips businesses with the essential tools to thrive in a dynamic financial landscape. Fleamint, a rising star in the web3 ecosystem, has gained widespread attention for its mission to empower creators and artists through blockchain technology. By harnessing the power of a decentralized network, Fleamint aims to disrupt the traditional ownership paradigm, enabling creators to directly monetize their digital assets and interact with a global audience.
Why Flemint?
In today's evolving financial landscape, there is an urgent need to bridge the gap between Web3 DeFi crypto asset holders and Web2 venture capital. On the one hand, holders of Web3 crypto assets often struggle to find real-world use cases for their digital assets, limiting their practical value. On the other hand, Web2 businesses rely heavily on funding from traditional, centralized financial institutions, thus lacking access to the innovative and decentralized funding opportunities that are common in the Web3 field. This section presents solutions that aim to overcome these challenges and encourage collaboration between both parties. It is clear that the world needs a sustainable business model that effectively leverages Web3 crypto assets while providing real benefits to individuals and businesses. The potential of blockchain technology goes beyond speculation and investment, and it is critical to explore and create real-world use cases that generate meaningful value. By building a strong and viable business model, we can unlock the true potential of Web3 crypto assets and pave the way for their widespread adoption.
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Token information
Ticker: FLMC
Type: Utility token
Token standard: BEP-20
Token distribution:
Tim - 6%
Mitra - 4%
Genesis Spin - 0.005%
Seeds - 1.8%
Risking - 25%
Private 1 - 2%
Private 2 - 10%
DEX Liquidity - 1.5%
Advisor - 1.5%
Treasury - 21.4%
Institutional Facilities - 25%
Public - 1.5%
CEX Liquidity - 0.15%
TIM
James Gillingham: Pendiri + Chief Executive Officer
Michael L: CTO
James Austen: Head of Commercial Office
Sean Uddin: Head of Operations
Adrian Hawkins: Chief of Staff
Adedamola Adeniyi: Product Manager
Syed Asad Hussain: UI/UX designer
Pontus Falk: Salesman
Thomas Brown: Head of Marketing
Daniel Aideyan: Community Manager
Septian Rizal Dewantara: Graphic Designer
Jon Cho: Community Director
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PARTNERSHIP
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For More Information about Fleamint
Website:  https://fleaminet.com .
Media:  https://fleaminet.medium.com/
White Paper:  https://fleaminet.gitbook.io/fleaminet-wp-version-1.05/
Twitter:  https://twitter.com/FleamintNFT
LinkedIn:  https://www.linkedin.com/company/fleaminetofficial/
Instagram:  https://www.instagram.com/fleaminetofficial/
Facebook:  https://www.facebook.com/FleamintOfficial/
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Author: BTT username : CryptoboyRamesh BTT profiile : https://bitcointalk.org/index.php?action=profile;u=2749610 Address: 0xaCB71A1c5af4160C082F3786fd6bbD5A9b7FABDA
1 note · View note
ailtrahq · 1 year ago
Text
Plena Crypto Super App: Leading the Way With Account Abstraction, Backed by Dao Maker It makes storing, managing, and investing in crypto assets super easy for users. What’s more, it is incubated by the industry’s biggest launchpad, DAO Maker. Plena Crypto Super App Powered by Account Abstraction, Incubated by DAO Maker: Plena Crypto Super App isn’t a typical crypto application; it’s a game-changer. What sets it apart is its pioneering use of Account Abstraction technology, believed to be the catalyst for mass adoption of web3 dApps. Plena offers users an unrivaled experience, free from the complexities that plague other dApps in the industry. This means users don’t need to be tech wizards to use cryptocurrencies. No more confusing addresses or complex processes. Plena Crypto Super App makes it all straightforward for them. Also, with Plena Crypto Super App, users are in the driver’s seat when it comes to their crypto assets. They get full custody of their funds, meaning they have control and ownership of their digital wealth, just as it should be. Plena Crypto Super App takes a page out of the playbook of centralized exchanges (CEX), which are favored by 97% of users due to their ease of use. So, when using Plena Crypto Super App, users can pay transaction fees in the cryptocurrency of their choice, just like they do on centralized exchanges. No need to fuss over buying a blockchain’s native token to pay for transaction fees or complicated processes. It’s as straightforward as it gets. Visit the website to learn more. Key Features and Benefits: Let’s explore some of Plena’s key features and the advantages they offer: Social Login and Easy Wallet Recovery: Plena believes in self-custody without the hassle. Users can effortlessly create a blockchain account using their social media credentials, be it Gmail, Twitter, or Facebook. Plena employs MPC technology, ensuring full custody of their funds without the need to back up a seed phrase. Even if their device is lost, they can regain access to their crypto assets with their social media account. Pay Fees in Any Token: Flexibility is crucial in the crypto world. With Plena, users can pay transaction fees using their preferred cryptocurrency. No more need to buy native tokens for every blockchain they wish to use. For instance, they can use USDT to cover transaction fees on all blockchains without acquiring their native tokens. Bridge Assets Across Chains in a Tap: Plena simplifies asset management across various blockchains. Users can bridge their assets across multiple chains with a simple tap. Buy over 100,000+ Cryptocurrencies at the Best Rates: Plena provides access to a vast array of cryptocurrencies, ensuring users can explore, invest, or trade with confidence. Plus, Plena offers the best exchange rates by searching through all available decentralized exchanges on those blockchains, saving them the manual effort. Buy Crypto with Debit or Credit Cards: Plena allows users to seamlessly purchase cryptocurrencies using debit or credit cards. It further extends its user-friendly approach by facilitating transactions through popular local payment methods like UPI. Plena has also partnered with major On-Ramp solutions like Moonpay and Ramp for global accessibility. Interact with Favorite dApps with Ease: Plena Crypto Super App enables users to interact with their favorite dApps without the need to understand blockchain technology. Chat, Share Trades, and Market Insights: Users can connect with friends and fellow crypto enthusiasts right within the app using the world’s first crypto Chat&Pay in a self-custodial wallet. They can transfer funds, trade, or simply discuss the latest market trends, fostering a vibrant and engaging community. Create Personalized Investment Strategies and Automate Investments: Plena Crypto Super App empowers users to customize their investment strategies and automate investments, implementing Dollar-Cost Averaging (DCA) effortlessly. Security and Trust:
Security stands as the cornerstone of the web3 ecosystem, and Plena understands this implicitly. To ensure the utmost safety for its users, Plena subjected its smart contracts to rigorous audits by top-tier firms such as Peckshield and Certik. Future Visions: Plena harbors a grand mission: to onboard not just a billion users into the web3 realm but to make the usage of decentralized applications as effortless as possible. The roadmap includes enhancing user experience, integrating multiple blockchains, and forming partnerships with additional dApps to offer a seamless Plena-like experience across various platforms. Ultimately, Plena’s goal is to create an application that is as easy to use as Gmail, Amazon, or Uber.DAO Maker,  one of the crypto ecosystem’s most renowned and trusted launchpads, has incubated the Plena Crypto Super App.  DAO Maker shares Plena’s vision and understands the need to simplify UX through Account Abstraction technology. They understand it is the only way we can encourage users to move their assets from insolvent centralized exchanges and start using self-custodial wallets and decentralized applications. “The Plena team pioneered account abstraction for years and are now ahead of the curve. We are excited to help and incubate such a talented and hard-working team.“ – Christoph Zaknun, CEO Of DAO Maker About Dao Maker: DAO Maker is the leading crypto launchpad and incubator with over 100+ projects launched and $5 Billion raised! DAO Maker aims to redefine Venture capital by making it accessible to the masses. It develops next-generation digital financial solutions trusted by more than 1,000,000 users worldwide and is the Best launchpad with the most KYC-ed users. Also, DAO Maker is considered The Best IDO & IGO Launchpad for Crypto Projects, which has consistently onboarded market-leading projects onto the platform, setting trends in every market condition. Download or Update your App to see it for yourself today. Source
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blockchaincouncil · 1 year ago
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Top 10 Benefits of Blockchain Technology
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The concept of Blockchain has shaken the world of technology in recent years, reshaping how we manage, store, and use data. Although this technology first gained attention due to its active association with oh-so-popular cryptocurrencies such as Bitcoin, Ethereum, and others, as developers dug deeper into the field, the true capability of Blockchain technology astounded everyone.
As of 2023, Blockchain technology is one of the most powerful tools, with a plethora of opportunities. This technology, which is backed by a decentralized, transparent, and secure nature, brings a wide range of benefits that are slowly and steadily affecting businesses and even the society around us.
With so many benefits of Blockchain technology looming around the corner, we will pick the top ten benefits of Blockchain technology that have led to its rapid adoption in the major sectors in this article.
The Top Ten Advantages of Blockchain Technology
Improved data integrity and security
The most important aspect of data is its authenticity and security. Blockchain technology is based on the principles of extreme security and data integrity. While traditional centralized banking relies on a single location to manage and store sensitive data, blockchain has an advantage in this regard due to its decentralized nature. Blockchain operates on a distributed network of computers, with engineers cryptographically connecting each transaction to the one before it to create an immutable blockchain.
This decentralized structure eliminates the possibility of a single point of failure and makes the system hack-proof. As a result, blockchain technology truly protects data, making it an excellent choice for enterprises dealing with sensitive data such as healthcare, supply chain, and identity management.
Cost reduction and increased overall efficiency
By eliminating time-consuming processes and the need for excessive documentation, blockchain technology provides significant increases in efficiency and cost savings. Because blockchain employs Smart contracts, which are self-executing contracts with predetermined outcomes, it is extremely simple to automate complex operations while also eliminating manual errors and improving overall operational efficiency.
Let's look at an example of how blockchain technology improves efficiency and reduces costs in real life. When it comes to real estate, this technology can help with buying and selling. It can help with super-fast name transfers, eliminate all paperwork, and allow for simple and quick transactions, saving a lot of time and money.
Transparency
Blockchain technology encourages transparency, particularly when it comes to transaction histories. Unlike traditional centralized systems in which data is maintained in a single location, blockchain operates on a distributed ledger in which each network participant has a copy of the data. Because blockchain is decentralized, everyone involved has easy access to inspect and verify the data on the ledger.
Supply Chain Management
Supply chain management is a complex process with numerous parties, numerous transactions, and potential failures. With its end-to-end traceability, blockchain technology makes this process a little easier by allowing businesses to monitor the flow of goods from manufacture to delivery. By recording each stage of the supply chain on the blockchain, companies can ensure product authenticity, validate ethical sourcing, and discover and correct issues like counterfeit items or unauthorized substitutes. This increased transparency not only increases consumer trust, but also allows businesses to properly comply with rules and standards.
Elimination of Single Points of Failure and Decentralization
Because of its decentralized structure, blockchain technology is resistant to failures and cyber-attacks. Traditional centralized systems are prone to single points of failure, where a disruption or attack on a central server can bring the entire network to a halt. Blockchain, on the other hand, is based on a network of dispersed nodes, which ensures that even if some nodes fail or are hacked, the network as a whole continues to function. Because of its decentralized design, blockchain technology is extremely durable and trustworthy, making it suitable for critical applications such as financial systems, voting systems, and decentralized cloud storage.
Trust
Blockchain technology acts as a trust-building tool in situations where trust between entities is either non-existent or questionable. Because of its decentralized and transparent nature, blockchain enables organizations to exchange and share data directly, eliminating the need for intermediaries. Participants' confidence grows as a result of their ability to independently check and authenticate transactions.
The immutability of blockchain records boosts trust because it is nearly impossible to change or tamper with data once it has been published on the blockchain. As a result, blockchain technology opens up new avenues for trust-based corporate partnerships and collaborations.
Speed
When it comes to financial transactions, speed has always been an issue. While speed is not the strongest suit of blockchain technology, we have seen significant advancements in blockchain transaction speed over time. Newer blockchain systems and protocols have been developed with the goal of increasing transaction throughput while decreasing latency. Furthermore, layer-two scaling techniques and off-chain transactions have been developed to improve transaction speed and scalability.
Ownership
In today's world of data breaches and privacy concerns, blockchain technology improves data privacy and ownership. You have more control over your personal data with blockchain technology and can choose to release it only when necessary. You can validate your identities using blockchain-based identity management systems without relying on centralized authority, lowering the risk of data breaches and identity theft. Furthermore, blockchain allows you to own and control digital assets such as cryptocurrency, intellectual property, and digital identities without the need for middlemen or centralized authority.
Audibility
Blockchain technology significantly improves audibility due to its transparent and immutable ledger. Auditors have access to a visible chain of blocks by documenting transactions on a distributed network, ensuring data correctness and integrity. The real-time availability of data enables auditors to conduct more efficient and thorough audits, reducing reliance on manual procedures and improving accuracy. Because blockchain records are immutable, audited information cannot be changed, giving the audit trail a high level of credibility.
Automation
One of the most significant advantages of blockchain technology is the ability to automate transactions through the use of smart contracts. Smart contracts are self-executing contracts that are encoded in the blockchain with current circumstances. When the specified conditions are met, these contracts automatically initiate the following steps in a transaction or process.
Conclusion
Blockchain is a new technology that will have a significant impact on all industries. As more people embrace technology, it grows slowly and steadily. If you want to dive into the world of blockchain or become acquainted with this technology, we recommend enrolling in blockchain certification online courses to receive quality blockchain technology training and gain a better understanding of this technology.
If you're wondering how to become a blockchain developer, Blockchain Council can help. Check out the Blockchain Council's website for a list of affordable certification programs.
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littlebee-trust · 1 year ago
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Bringing more possibilities to the world - LittleBee Trust Fintech builds a hybrid asset allocation platform based on Web2.5
In 2008, the concept of bitcoin was born, and since then, emerging words such as blockchain, "mining" and cryptocurrency have been born and gradually entered more people's vision, becoming a new thing that global technology enthusiasts are crazy to study and explore, and in the "profit-oriented" financial market, cryptocurrency and digital assets have won the favor of global super players in the next decade. Become a sought-after "premium" asset.
The cryptocurrency market from birth to development has become the darling of global capital enthusiasm, although it has experienced all the twists and turns of new things "soaring", but it has also really given birth to many amazing myths that make the market rich, although the crypto market in 2022 has turned heavily, but people still cannot restrain their hopes for the subsequent market.
Because cryptocurrencies themselves have so many possibilities to innovate the world.
Cryptocurrencies based on blockchain technology have four technical characteristics, namely decentralization, openness, credibility and scarcity. "Decentralization" means that there is no centralized management organization, and the rights and obligations of any node in the system are equal; Openness means that any node in the system can view any information on the blockchain at any time; Trustworthiness means that the self-restraint Of the blockchain structure makes any behavior that cheats the system rejected by other nodes to consensus algorithms (such as POW, Proof Of Work; The powerful computing power based on Proof Of Stake (POS) ensures that the blockchain data cannot be tampered with and forged; Scarcity is reflected in the fact that cryptocurrencies are generally capped by algorithms, such as the total supply of Bitcoin, which is 21 million.
Although the name of cryptocurrency has "currency", it is not a currency naturally, but based on the above credibility and scarcity characteristics, people gradually realize the advantages of cryptocurrency as a currency, and give it the attributes of currency. At the start of 2017, the high growth of the cryptocurrency market, especially the bitcoin market, made it difficult for investors to ignore its existence.
At the same time, cryptocurrency exchanges came into being to provide services for the trading, investment, and storage of cryptocurrencies.
Before 2020, the vast majority of crypto asset holders will trade various crypto assets on centralized exchanges, such as the exchanges familiar to industry players such as Binance, Huobi and OKX; Subsequently, decentralized exchanges represented by Uniswap, Curve, etc., are rising, and DeFi (Decentralized finance) provides new liquidity for crypto/digital assets, becoming a living force in the crypto ecosystem.
In the last two years, with more and more investors pouring into the cryptocurrency market, a variety of decentralized exchanges have also sprung up, and more than 200 platforms have appeared before and after providing blockchain trading services in the market.
When cryptocurrencies and digital assets gradually enter the mainstream vision, the global financial transaction market seems to fall into a "bipolar debate" on centralization and decentralization, CeFi and DeFi, Web2 and Web3, and participants inevitably encounter an "either-or" choice.
However, in fact, the conditions that can prompt people to make a clean choice between the two are not mature at present, in the trend has been set but in the future, centralized and decentralized, CeFi and DeFi, Web2 and Web3 will still coexist for a considerable period of time, and people's best expectation is that, Centralization and decentralization, CeFi and DeFi, Web2 and Web3, I want, the global financial industry participants, in need of some "doors", the magnificent and colorful financial world in hand.
LittleBee Trust Fintech offers this possibility. As a Hong Kong-based global Trust technology and hybrid asset allocation platform white label service provider, LittleBee Trust Fintech is uniquely positioned in Web2.5 to integrate the advantages of traditional and digital finance to provide our clients with hybrid finance (HyFi) solutions. Address end-to-end technology, regulatory compliance, and business/smart contract needs for issuance, trading, risk management, clearing and settlement across exchanges and all asset classes.
Our hybrid financial trading platform provides trading categories covering traditional assets, digital assets and hybrid assets, among which traditional assets include securities, futures, options, commodities, derivatives, ETFs, bonds, etc. Digital assets include all kinds of digital currencies, cryptocurrencies, tokenized commodities and NFT; Hybrid assets allow users to replicate and trade traditional assets in the digital world.
LittleBee Trust Fintech's Hybrid Finance (HyFi) solution enables B-side partners' end-users to trade from a single account across more than 30 countries, more than 150 exchanges, and more than 65,000 instruments in financial markets around the world, making increasingly complex global financial transactions simpler.
Hybrid asset allocation and trading one-stop turnkey solution is the core product of LittleBee Trust Fintech to B financial services, that is, to provide all the users in the global financial sector with a financial transaction service infrastructure spanning Web2 and Web3, connecting CeFi and DeFi. Including Web2 traditional financial trading platform and Web3 decentralized trading platform - LittleBee Trust Fintech plays an important role of Web2.5 in the current market, providing connectivity channels to enable all financial elements of Web2 and Web3 worldwide to achieve barrier-free interconnection.
LittleBee Trust Fintech's hybrid asset allocation and trading platform integrates the security of centralized finance (CeFi) and the innovation of decentralized finance (DeFi), providing global traders with a unified management platform for multiple markets and asset classes. Achieve "Web2 + Web3" transaction, risk control, settlement in one management mode. In the entire transaction process, an efficient transaction management system not only provides convenient operating experience, but also provides strong guarantee and control for the risk control of the entire transaction.
The Web2 trading solution provided by LittleBee Trust Fintech enables end-users of B-side clients to invest in global markets through a single account, access and trade assets and instruments such as stocks, futures, options, bonds, ETFs, CFDS, insurance, digital currencies, and complete one-stop delivery in the form of B2B. The decentralized trading platform we provide to Web3 users is a hybrid architecture based on Layer 2, with on-chain settlement and off-chain matching, providing the security and privacy of a decentralized exchange, while allowing traders to obtain the smooth trading experience of a centralized exchange, ensuring safety and transparency, and guaranteeing the solvency of each transaction in terms of funds.
It can be said that the emergence of LittleBee Trust Fintech is also a natural step in the current special market situation of conceptual disputes between centralization and decentralization, CeFi and DeFi, Web2 and Web3, and the increasing demand for mixed financial transactions. We look forward to helping broaden the path of global financial markets and creating more surprises with LittleBee Trust Fintech's integrated Hybrid Finance (HyFi) transaction infrastructure solutions.
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godreamnft · 2 years ago
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Cointree Cryptocurrency Exchange – A Revolutionary New Way to Buy and Sell Cryptos!
Cointree is an Australian cryptocurrency exchange that allows users to trade various digital assets. The platform offers a variety of features, including real-time trading, a user-friendly interface, and a wide range of cryptocurrencies. Cointree also offers margin trading and a wide range of payment options, including credit and debit cards, PayPal, and AliPay. The company has a user-friendly and intuitive platform, making it a great choice for those looking for an easy-to-use and comprehensive exchange.
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Cointree is an excellent platform for Australians who are new to the cryptocurrency game since their website has an exceptionally straightforward and easy-to-use style. There are over 160 cryptocurrencies to buy and sell, as well as the ability to trade coin-to-coin, which is not available on many exchanges.
What Is Cointree Exchange?
Australia’s Cointree, a well-known digital currency marketplace, was established in 2013. Users may use fiat dollars to purchase Bitcoin and other digital assets on the exchange. The crypto exchange has an advantage over other crypto exchanges due to its extensive product catalog, easy user interface, and rapid sign-up procedure.
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When you purchase cryptocurrency on CoinTree, CoinTree is the one selling it to you directly, and when you sell cryptocurrency on CoinTree, you are selling it directly to CoinTree. This means that Cointree is not an actual exchange where you trade cryptocurrencies with other people.
Cointree takes security extremely seriously in order to secure your assets and information. Some of their security features include a hot/cold wallet mechanism and two-factor authentication (2FA).
Cryptocurrency Trading Platform Australia
Different exchanges offer distinct trading perspectives. You should decide which trading perspective is suitable for you. Before you pick an exchange, have a look at the trading perspective to ensure that it seems suitable to you.
It’s important to note that, as an Australian, you are not restricted to using cryptocurrency exchanges in your country.
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Cointree is not the only service with such features. Here are a few highlights:
Independent Reserve
Established in 2013, Independent Reserve is an Australian cryptocurrency exchange that now serves consumers from Singapore, New Zealand, and other countries. It has created a world-class order book exchange and OTC Service Desk, and over 8000 Self-Managed Super Funds rely on it. Even though they are less well-known than some of the other top Australian crypto exchanges, they are still a fantastic option for Australians wishing to enter the cryptocurrency industry.
CoinSpot
CoinSpot, launched in 2013, was one of the earliest cryptocurrency exchanges in Australia. It has acquired a reputation as the safest and most trustworthy platform, and it remains the largest and most popular crypto platform, with over 2.5 million members. Built an exceptionally user-friendly platform that allows even complete beginners to purchase and sell whatever cryptocurrency they desire directly from AUD
Digital Surge
Simple and quick to use: I set up my account in only two minutes, and PayID makes it simple and free to deposit AUD. After making your deposit, you may begin acquiring bitcoin, with over 300+ coins to pick from. It is straightforward to navigate the exchange, and if you have any problems, you can quickly contact customer service by Live Chat or email at any time.
Swyftx
Swyftx is a notable cryptocurrency exchange for Australians. It provides an easy-to-use site with the option of a Demo Account, over 320+ cryptocurrencies, staking on 20 coins, a variety of deposit alternatives with no fees, and Live Chat Support.
Furthermore, it features cheap trade fees of 0.6%, the lowest spreads of any Australian exchange, and top-notch security so you can buy and sell with confidence.
Cointree Reviews
Different exchanges offer distinct trading perspectives. You should decide which trading perspective is suitable for you. Some people have access to free and premium cryptocurrency wallets. This wallet may be used to store and trade any type of cryptocurrency exchange. Cointree allows users to create VIP accounts with much higher investment and transaction limitations.
Cryptocurrency Trading Market
You will receive Special Advice in the form of special trade research data, providing its customers a competitive advantage in the market. On a regular basis, provides consumers with exclusive market information on ups and downswings. Members of Cointree have access to exclusive investment ideas that can help them boost their financial returns while decreasing their trading volume risks. On a daily basis, users analyze their investment portfolio and transaction volume, making quick decisions to acquire cryptocurrencies as needed.
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Pros and Cons of Cointree
Pros
Cointree charges reasonable costs for rapid buys and sales.
You may examine and copy the portfolios of recent winners.
Use cryptocurrencies to pay your expenses.
Get customer service around the clock.
Autotrader and recurring purchases
View and replicate the portfolios of the top 100 successful traders.
Secure platform
Beginner-friendly
Cons
Identity verification for trading takes between 24 and 48 hours.
Deposits are only accepted in one fiat currency (AUD).
Lower-volume dealers face relatively hefty trading costs.
The advanced trading features are restricted.
There is no mobile app.
CoinTree Trading Fees
Deposit Methods
A variety of options are available for depositing funds into your Cointree account. The minimum amount you may deposit into your account is $20. PayID, Google Pay, and Bitcoin allow for instant deposits, whereas POLi Payments and electronic bank transfers take one to two days to appear in your account.
Deposit-type, Fee Limits
Electronic funds transfer None $20 minimum, $10,000 per 24 hours maximum
POLi payment $3.50 $25 minimum, $10,000 per 24 hours maximum
PayID $2.75 $25 minimum, $2,000 per 24 hours maximum
Cash payment $3.00 $50 minimum, $8,000 per transaction maximum
Withdrawal fees
In order to transfer AUD to an Australian bank account from your Cointree account, there are no costs.
A typical mining fee that varies depending on the network dynamics of each blockchain may be charged for bitcoin withdrawals.
Withdrawal type, Fee
Australian bank account, None
Cryptocurrency, Network fees
Features and Benefits of Cointree
It is registered with AUSTRAC and complies with all of its stringent AML/KYC requirements. Cointree is a member of Blockchain Australia and an Australian Blockchain Industry Awards 2019 nominee for best digital currency exchange.
Cointree takes security extremely seriously in order to secure your assets and information. A hot/cold wallet system, 2FA authentication, website traffic going over encrypted SSL certificates, a secure server, and isolated network settings are just a few of their security features.
Cointree cryptocurrency exchange boasts some of the finest cryptocurrency selling prices in the world. It provides dealers with the best exchange rates based on international standards. Deep liquidity from worldwide trading pools and cash generated from all over the world make it a powerful rival among the world’s most popular cryptocurrency exchanges.
Deposit procedures ensure that all trading quotations are completely transparent. The ease of use of the deposit options also makes it quick and easy to transfer monies into and out of Cointree accounts.
Conclusion
Users whose trading tactics incorporate shorting should avoid Cointree. The majority of the platform’s revenue comes from the difference between the bid and ask prices. Hidden spread fees may easily pile up, therefore traders should constantly consider the trading charge as well as the spread.
The site boasts some of the greatest cryptocurrency prices in Australia and provides traders with the best exchange rates. Its large liquidity pools make it a competitive rival among popular Australian exchanges.
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newventurewealthau · 1 year ago
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Unlocking Opportunities: Navigating Crypto Investments with Self-Managed Super Funds in Australia
In the dynamic world of finance, the fusion of Self-Managed Super Funds (SMSFs) and cryptocurrency is creating waves of interest among Australian investors. With a desire for greater autonomy over retirement savings and the burgeoning popularity of digital assets, many are exploring the possibilities of integrating cryptocurrencies into their SMSFs. This article will delve into the unique landscape of managing a Self managed super fund crypto Australia with a focus on cryptocurrency investments in the Australian context.
Empowering Financial Control through SMSFs:
Self-Managed Super Funds offer Australians a powerful tool to take direct control of their retirement savings. Unlike traditional superannuation funds, SMSFs allow individuals to tailor their investment strategies to align with their financial goals. This heightened level of autonomy has sparked interest among investors seeking diversified portfolios, with an increasing number considering the inclusion of cryptocurrencies.
The Rising Tide of Cryptocurrency in Australia:
Australia has witnessed a surge in the popularity and acceptance of cryptocurrencies. Bitcoin, Ethereum, and other digital assets are no longer niche topics but rather integral parts of financial discussions. Investors are drawn to the potential for high returns and the decentralized nature of cryptocurrencies, prompting SMSF trustees to explore how these assets can fit into their overall investment strategy.
Navigating Regulatory Frameworks:
While the allure of crypto investments is strong, SMSF trustees must navigate the regulatory landscape carefully. The Australian Taxation Office (ATO) has established guidelines for the ownership and management of cryptocurrencies within SMSFs. Understanding and adhering to these regulations is crucial to ensure compliance, avoid penalties, and legitimize crypto holdings within the fund.
Balancing Rewards and Challenges:
The world of cryptocurrency investments, known for its potential rewards, comes with inherent volatility and risk. SMSF trustees must carefully weigh the risk-reward profile, considering the risk appetite of the fund and its members. Establishing a robust risk management strategy, staying informed about market trends, and conducting thorough research are essential steps for SMSF trustees venturing into the crypto space.
Safeguarding Digital Assets:
As custodians of retirement savings, SMSFs must prioritize the security of crypto holdings. Implementing stringent cybersecurity measures, including secure wallets, two-factor authentication, and adherence to best practices for storing private keys, is paramount. Continuous education and adaptation to advancements in crypto security are necessary to safeguard digital assets effectively.
Understanding Tax Implications:
Comprehending the tax implications of cryptocurrency transactions within an SMSF is critical. Capital gains tax plays a significant role in these investments. SMSF trustees need to maintain detailed records of crypto transactions, including acquisition costs and sale proceeds. Seeking professional advice from tax experts well-versed in cryptocurrency regulations is advisable to ensure compliance with tax obligations.
Conclusion:
The convergence of Self-Managed Super Funds and cryptocurrency investments opens up new avenues for Australians seeking to take control of their retirement savings in an ever-evolving financial landscape. While the potential gains from crypto investments are enticing, SMSF trustees must approach this space with careful consideration. Understanding and adhering to the regulatory framework, managing risks, prioritizing security, and navigating tax implications are crucial aspects of successfully integrating cryptocurrencies into SMSF portfolios. As cryptocurrency continues to shape the future of finance, SMSF trustees in Australia have the opportunity to explore innovative avenues for wealth creation while safeguarding their financial futures.
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overdrivels · 5 years ago
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Moving money in the Overwatch world is somewhat of a subplot in TWtaH. I was reading an article just this morning about how money-laundering is at a standstill because criminals are having a hard time transporting and exchanging their ill-gotten gains in this Covid-19 lockdown. So that got me thinking about Overatch’s currency--credit.
I don’t really think ‘credit’ as a currency is canon in the Overwatch world. I just took the cash shop stuff and shoehorned it into the story because I didn’t want to use specific currencies like ‘bitcoin’ or ‘dogecoin’ or whatever else is out there.
With cryptocurrency, you get exchange goods and services without having to physically interact with any paper or coin money. On an individual level, it just means that a pandemic such as COVID-19 wouldn’t stop people from paying for stuff and no one has to worry about transmitting disease using money as a carrier. On a much larger-scale like money-laundering, the story becomes a little different.
We understand that the original concept behind bitcoin is, at a very high level, a representation of money (”cryptocurrency”) that is traded for goods and services. There is no central governing authority (decentralization), it is mostly anonymous, and very secure (or as secure as your password and wallet ID is anyway) because the code behind it sure is.
There are pros and cons to this. Let’s address the three ones I mentioned:
1) No central governing authority. This means that whatever cryptocurrency we’re talking about isn’t controlled by anyone. No federal government, no international government, nothing. That means no singular entity can lock you out of your money if suddenly let’s say all banks fail or something or government declares some law that suspends withdrawal of money.
On the flip side, that also means there’s no one to regulate the money. For example, 1 bitcoin is worth whatever the fuck the people decide. This leads to instability and the rollercoaster of having bitcoin being worth $10k per bitcoin to suddenly dropping to $6k per bitcoin in a three day period. It is incredibly unstable. This also means there are no laws governing what happens if you get scammed or the like or anything to protect the consumer. If you lose your money, it’s your fault (by and large).
2) It is mostly anonymous. Yes and no. Yes, as in your name and social security number isn’t blatantly associated with your wallet ID. In theory, you could set up like five or six wallets and trade that way to obfuscate (hide) your activities. Then there’s the ‘no’. Similar to how police can triangulate where your cellphone is based on which cellphone tower your phone pinged last, investigators can get a general idea of who you are, and what transactions were made. Bitcoin specifically uses a public ledger to record all trades. If they see $400 come from wallet A to wallet B with the same amount and transaction ID, they may have a match. Then there’s recording IPs and the like. Lots of contextual data that can be used to track someone down if someone was determined enough.
3) It’s mostly secure. This one is the backbone of cryptocurrency. There’s not much to say except it’s based on algorithms. Really, really annoying to crack algorithms. It’s not exactly possible to steal money unless you have access to the person’s wallet and password. However, this goes back to point 1 where if you lost your wallet or had it stolen, there is no central authority that can really help you.
Okay, so why the fuck am I talking about this?
I’d imagine that with the development of omnics and the progression of omnic rights, Overwatch’s world may have evolved to move away from physical money to digital currency and to keep paper money around kind of as a novelty or only used in really remote places. Having digital money means paying people more reliably, paying people faster, less errors, and less hassle.
(I messed up a little in my fic and I’m thinking of retconning it to remove the part about different countries and their currencies still having different exchange rates. Instead, I might just say that they still use the same symbols they always used to indicate money and the numbers are in credits instead.)
Anyway, back to the three points again. I think in the world of Overwatch, if cryptocurrency were to become the norm, they would first get rid of point #1. They would absolutely centralize the fuck out of it. It’s money. What bank, what government, what nation wouldn’t want to have control over money? If it’s global, I’d assume the World Bank would create a branch specifically dealing with cryptocurrency. They issue the regulations, they do the audits, they handle the interest rates, inflation, and everything related to the control of money. Then the banks of each nation would accommodate that. Though, with the obsolesce of physical money and different exchange values, that can imply that currency is no longer really tied to anything. Up until the end of WWI or Great Depression (I forget which), the de facto standard was gold (hence ‘gold standard’). How much physical gold you had is how much wealth your nation had and it was translated into paper money. But then the Great Depression(?) happened and then that became stupid. Now the monetary system is based on 'fiat money’, so I guess it’s not too dissimilar to a full cryptocurrency system. It’s just that there won’t be any bills.
Next is the anonymization. If it becomes centralized, I can’t imagine how it would remain anonymous. Money-laundering and bypass of trade sanctions would be rampant. It’d be an international disaster and undo the many years of regulatory law each nation has put in place. (Look, money is a serious business. Look up regulatory compliance, look up OFAC, look up KYC, and the like. It is a very, very big deal.) So, lack of anonymization would likely take place. However! That doesn’t mean it’s not possible.
Point 3 is an interesting one because it is literally the backbone of cryptocurrency as we know it in 2020. This might actually create a problem. If someone, let’s say a super omnic or the like is about to figure out the algorithms used to generate and validate new cryptocurrency, wouldn’t that mean money is worthless? Whoever can figure this out can essentially make themselves infinite money and then tank the economies of powerful world nations. Because you can’t print physical money anymore, so now you have to spoof digital money. Security (specifically cybersecurity) would be super huge and the tools to protect this crytocurrency generating process would be unworldly. Maybe even Sombra’d have a hard time cracking it.
Though, digital currency does pose one itsy-bitsy problem. The poor. The criminals. The underdeveloped. The current issues plaguing us now and why we don’t see contactless payments everywhere. There could be a billion reasons why a person cannot get a credit card or some form of contactless payment ranging from poor self-control to shitty credit scores as a result of their reckless youth but they know better now, victim of constant identity theft, unable to afford any fees if they were to occur, etc. So, how does cryptocurrency overcome this? It can’t. Not unless restrictions on who can use financial facilities are non-existent such as anyone can open an account regardless of current financial status and the like, or unless it’s something that is automatically given to every person regardless of their current status in life, etc. There’s a ton of restrictions, but we assume Overwatch’s world has already overcome these.
Finances are complicated. Monetary systems are complicated. I’m having a hell of a time picking this stuff apart. There’s pros and cons to all of this stuff. If the cryptocurrency stuff is centralized and people are reliant on it to live, people can easily get locked out of their methods of living. On the flip side, if there’s no central governing body, we’ll see the insane fluctuation of the market that could very well spell the life or death of nations.
In TWtaH, donors are giving to an account managed by the Chef. Chef redistributes this money under the name of the restaurant and under the guise of paying vendors and the like. With the above points in mind, it’ll be a spoiler to talk about it anymore, but a lot of this stuff is relevant.
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How to make money trading bitcoin
So you need to get maintain of a few unfastened bitcoin, eh? By now, you would possibly have heard of the way you can make money with bitcoin, magic internet cash and digital forex that may be traded or used to make purchases. This digital cash uses encryption to make safe and relaxed transactions proper away from anywhere inside the worldwide. Not regulated with the useful aid of any financial institution, authorities or Federal Reserve, this open network is managed by manner of way of the users and traders themselves. Here is our guide to incomes actual cash with bitcoin in 2019.
Contrary to humans’s know-how, getting bitcoin is straightforward, there are a number of techniques to earn bitcoin on line- some more famous than the others. There are strategies that comprise a minimal attempt with the minimal go back and others more profitable that calls so that you can have higher know-how within the enterprise.
Below are some of the maximum well-known methods on ​how to make money trading bitcoin
No, you don’t should beautify the ground to get bitcoin. Not in that sense anyway. So, why do you name it mining? Similar to gold miners, bitcoin miners want to perform the gold, in this case, bitcoin into the floor.
Did you dare to ask how? While paper money has a central authority, who prints and distributes it, Bitcoin has miners who use particular software program software to treatment math problems and are issued with bitcoin in trade. This system is what makes the Bitcoin community pass round.
Mining Bitcoin grow to be rather easy, and the earliest miners had been able to mine masses of Bitcoin the use of their home computers. However, in these days’s very aggressive and unstable market, miners purchase high priced pc elements, that the excessive street customer has little get proper of entry to to, required for extra processing power a terrific manner to mine extra difficult algorithms. Since that is a race that could treatment blocks faster, miners institution up in what we name mining swimming swimming pools wherein they integrate their processing energy an awesome manner to treatment each transaction first. The reward at the whole comes from severa miners’ prices, is then split up through contributors of the pool.
Remember that bitcoin mining isn't always as profitable because it used to and lots of include claiming it to be the give up of profitable mining.
The future of mining in 2019 will depend on the rate of Bitcoin. If the price is going up, mining will hold to conform and the amount of miners will increase. If the rate goes down, miners will progressively disappear.
An excerpt from 2miners’ blog It gives new miners with new challenges and moreover specific opportunities to come returned into the marketplace even as every person else is leaving and then the charge of bitcoin will skip up. It all relies upon in your potential to analyze the market and efficaciously are looking for future changes.
Bitcoin Faucets If you don’t mind looking at some advertisements and answering surveys, you could visit a bitcoin faucet internet site. Generally, those internet websites generate sales from advertisements placed on their pages. Those who visit their web page and solution quick questions or captchas might be paid from the small thing in their sales. You can efficiently test one of the maximum famous tap sites proper here: earn.Com. Three. Pay To Click (PTC) Websites There are numerous net websites on the manner to pay you in bitcoin if you watch an advert or click immediately to a tremendous web page containing commercials. If you are advert immune and need to make short crypto dollar–this will be a outstanding concept. Bear in mind, to make any huge cash remains very difficult artwork and a as an opportunity tedious assignment. BTC4ADS will pay spherical 100 satoshis (zero.00000100 ฿) and Coinadder pays round 25 satoshis constant with click on.
Doing Micro Jobs Much like Microworkers and Cloudfactory, which pay you a small fee to complete quite clean duties like searching a YouTube video or finishing a person’s survey, there are various micro working web sites that allows you to pay you in bitcoin. Bitcoinget is the most important participant on this market so that you can pay you spherical 20,000 satoshis consistent with assignment on the same time as there are numerous others like Cointasker as a way to pay you a barely decrease sum. Five. Writing about bitcoin Cryptocurrency, in giant, is a brand new vicinity of hobby and there may be an absence of writers who honestly recognize this niche. This method the market is flooded with newbie copywriters who sincerely rehash the content material that contributes to the deterioration of excellent. However, if you genuinely apprehend this vicinity of interest and also you’ve remarkable writing skills, you may truly make coins.
CCN, Blockchain Aliens are amongst severa websites that pay you for writing about bitcoin. You can also locate a number of associated jobs freelance net sites like Upwork and freelancer.Com
Help others, get tipped in bitcoin You also can get tipped in bitcoin thru assisting different human beings. One of the maximum super platform to perform this is bitfortip, which tips bitcoin as an incentive for supporting humans. Bitcoin is a state-of-the-art technology and there are people who are surely obsessed with it and excited about what’s to follow so incentives like this help to assemble a excellent vibe around the community and moreover assist people solve their issues. Gambling bitcoin Though its now not in fact beneficial to all of us, in case you are self-aware enough, the bitcoin gambling marketplace can nonetheless be an outstanding deliver of earnings. Just like each form of gambling, the people in trendy generally lose and the casinos continuously win but thinking about the truth that bitcoin gambling is a completely little heard of the term, you can get large bonus for turning into a member of or maybe numerous rounds of your stake initially. Sites like Bitstarz and mbit are crucial game enthusiasts in Crypto gambling company. Buying and Holding Start with growing a pockets to keep your bitcoin comfortable. There are many locations that permit you to do so. Paxful, for instance, offers a loose digital wallet whenever you sign up for an account. This is the very first-rate way if you are planning on shopping for and defensive bitcoin. Make sure that the website you’re the use of is a cozy and dependable one. Investing in Bitcoin is a geared up recreation of its price to rise. This lets you make a decision even as is a good time to buy or promote. There are numerous elements that make a contribution to how bitcoin is valued and also you never apprehend what will purpose the following bear market.
“Hodl”, a time period the Bitcoin community every time they’re keeping their coin with the perception their coin can be profitable within the future. The slang word earned the backronym “Hold On for Dear Life” in the cryptocurrency area.
Note that this technique can be complex so don’t take all of us’s advice about it. Research and study Bitcoin and come up for your personal quit.
Nine. Running a signature advertising marketing campaign in Bitcoin Talk dialogue board Bitcointalk is one of the oldest bitcoin dialogue board installation via Satoshi Nakamoto himself. This might be the maximum well-known discussion board in crypto sphere and used by tens of tens of thousands and thousands of people. If you’re an avid follower of the dialogue board and you've got racked up some authority from regular posting, then your posts of bitcointalk can have a subsidized signature and also you’ll get paid via sponsors for every put up you’re making on the speak board.
According to Steemit, you can with out problem make a bit of coin doing clean discussion board posting – as an instance, a entire member can earn zero.0003 btc in line with put up
Bitcoin Trading There is ability to make large cash searching for and promoting bitcoin. Unlike looking for and defensive, searching for and selling bitcoin manner you buy at a low rate and sell them once more at a better rate. This calls for exercise and knowledge of the market and to a point a crystal ball. Given that the cryptocurrency market is quite risky, this method may be very risky. There is coins in Arbitrage The unstable nature of the marketplace, but, gives upward thrust to the possibilities for arbitrage. Arbitrage–as in keeping with Investopedia is the simultaneous trying to find and selling of securities, foreign exchange, or commodities in awesome markets or in by-product forms so that it will take advantage of differing costs for the equal asset.
There are severa motives why bitcoin arbitrage takes area, Market wishes, the distinction inside the great of the markets and variety in patron behaviors to name a few. If you have got got a first rate statistics of the marketplace and you could keep surveillance over a couple of exchanges spanning over a couple of nations, there may be a excellent hazard of making a huge earnings margin.
If you've got got as a minimum a few technical expertise, you can furthermore take gain of the usage of arbitrage bots.
Profit Strategy the use of bitcoin bots arbitrage Day searching for and selling has a great income margin if finished efficaciously Though bitcoin is getting plenty less unstable through day, we ought to no longer overlook that its although early adoption years and there has been rate fluctuations of more than 3% in a single minute as early as April 2018. Day buying and selling has a lower danger than say “hodling” however furthermore decrease rewards except you’re making an investment closely. But if you are prepared to do your studies at the bitcoin marketplace and guidelines of economics in fashionable, you could provide you with your non-public techniques to take benefit of day buying and selling without sacrificing too much.
Eleven. Accepting Bitcoin as a manner of price Bitcoin is, in the long run, a digital forex. So why not promote items or offerings in exchange for bitcoin. This gives you the freedom to sell whatever to all people with out going through any banks or monetary establishments that could save you you to accomplish that. If you’re already selling, why not accumulate bitcoin as charge. As a rely of reality, there may be a massive list of groups that take shipping of bitcoin.
These are some methods wherein you may earn cash with bitcoin. If you pick out to mine or invest, it’s a ways critical to do as lots studies as viable and be organized for all viable outcomes.
Lending bitcoin The decentralized nature of bitcoin and different cryptocurrencies make it much less complex to make transactions and not using a want authorities to validate it. In this sort of case, you may moreover loan bitcoin to capability loanees at a certain interest fee. It is also a great alternative to “hodling” as you are in reality the use of the wealth in preference to hold it unmoved and it’s better for the monetary device in famous. Several lend-and-borrow systems like Unchained Capital, Bitbond and BTCpop will let you lend your bitcoin for hobby charge up to fifteen%. Bear in mind that that is although a state-of-the-art marketplace and there are hustlers who may also additionally moreover try to cheat you. Always pick sincere structures and loanees even as making your investments.
Binary Trading with bitcoin Binary tradings have existed inside the financial global for a totally long term and did not take prolonged sufficient to make a adventure for that economic scheme emigrate to the crypto global. Binary–as the call indicates has in reality alternatives, a supplier purchases an possibility and on the expiration time, the provider both is each “inside the money” or “out of the cash”. In its true essence, its now not an excessive amount of further from playing or Russian roulette. All you have to do is make an investment on an choice. Say there are  options to invest– for the bitcoin fee of $3000 now (at 10 AM), you could each make investments inside the charge might be more than $3000 by using using 6 PM or the fee can be much less than $3000 with the resource of 6 PM. If at 5 PM the bitcoin is truely higher than $3000, you earn the payout of certain payout percent of your funding, if it’s lower, you lose your funding. Another choice is to “placed” in case you assume the rate of BTC will flow into down. If the fee on the expiration time is decrease than the particular rate, you earn the choice’s payout.
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newventurewealthau · 2 years ago
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Purchasing Property Through Your SMSF
• Need to bring in your super cash turn out more diligently for you?
• Need to build your riches and resources for a more steady retirement effectively?
• Have little to no faith in the offer market with your valuable super cash?
• Keen on involving property for your retirement reserves?
• Purchase property through your Independent Super Asset and shape your own monetary potential!
To assume command over your cash and your future, then, at that point, an Independent Super Asset (SMSF) may be the ideal decision for you. Deciding to sort out your superannuation cash into an independent asset is a major liability, but it likewise permits you to decide how fruitful and agreeable your retirement will be. More Australians are understanding the potential in purchasing property through your SMSF.
Smsf to buy property empowers you to turn out to be effectively drawn in with your super cash and lay out your retirement with an unmistakable, dependable venture arrangement. In purchasing property through your SMSF, you are joining the positions of other proactive Australians who are supporting their future securely to resign more extravagant and prior.
You can use your SMSF to get to put resources into property, with private properties having the option to acquire up to 70% LVR. With the offer market fluctuating the manner in which it is, purchasing property through your SMSF presents a welcome an open door to make a strong speculation that creates long haul riches. Furthermore, your SMSF pays just 10% Capital Additions Duty whenever held for over a year and no Capital Additions Expense on the off chance that you sell the property in benefits stage. A SMSF home advance has various tax reductions and your bank has no admittance to some other resources inside your SMSF.
Self-dealing with your superannuation reserves permits you the opportunity of purchasing property through your SMSF and getting yourself positioned for retirement with a more significant resource. Property equips better and is bound to acquire a higher credit sum from banks, really giving you a resource that is continually developing. Shifting principles and guidelines apply to both private and business properties and their planned purposes however store, any setback, and progressing costs are covered by superannuation commitments until the property becomes self-subsidizing and blossoms into a significant retirement asset.
It is constantly suggested and energized that you look for outer guidance for your individual monetary conditions. Proficient experts comprehend that while you need to help your retirement resources, you likewise need to be secure in your ventures and make a maintainable monetary future. Their direction permits you to effectively partake in affecting your monetary fate. Utilizing your really admirably to purchase property can possibly save you sizeable measures of cash and gain you enough exit from the workforce.
For more details, visit us :
Smsf property investments
Crypto smsf
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cryptodailysun · 3 years ago
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The French crypto wallet company Ledger will educate people about crypto security using the virtual reality of The Sandbox. Cryptocurrency hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote crypto education in its virtual world.Ian Rogers, Ledger’s chief experience officer, announced the news at Non-Fungible Conference on Monday. He said that the new partnership aims to bring security into The Sandbox’s world and provide Ledger with a place in the game to educate people about crypto.Rogers thanked The Sandbox and Sebastien Borget, the company’s co-founder and chief operations officer, for the opportunity, noting that Ledger will provide SAND owners with custom Ledger Nanos as part of the partnership.Breaking news from #NFCsummit: @iancr announces @Ledger is partnering with @TheSandboxGame. pic.twitter.com/HN5ifHjtjD— Cointelegraph (@Cointelegraph) April 4, 2022 In an exclusive statement to Cointelegraph, Rogers pointed out that the most important part of the partnership will be educating people around security. He stated:“The reality is that educated people become Ledger customers, and so we just want to make sure that all people have all the education they need to be safe and to properly manage this incredible right and freedom that they have of self-custody.”“Self-custody really gives you personal freedom, but it’s also responsibility. You have to take it super seriously so that you keep that right and don’t lose it,” Rogers added."Self custody really gives you personal freedom, but it's also a responsiblility. You have to take it super seriously so that you keep that right and don't lose it." - Ledger's @iancr at #NFCsummit pic.twitter.com/qhGm8im11c— Cointelegraph (@Cointelegraph) April 4, 2022 A spokesperson for Ledger told Cointelegraph that the company plans to announce more details about the partnership at a later date.Related: The Sandbox partners with World of Women to drive female education and mentorshipLedger is one of the world’s largest providers of hardware cryptocurrency wallets, which are physical devices designed to store a user’s private keys. The French company has been actively expanding its operations beyond traditional cryptocurrencies like Bitcoin (BTC), moving to support nonfungible tokens. In early March, Ledger announced the release of a limited edition of the Ledger Nano S Plus, a brand new hardware wallet supporting NFTs by design. Go to Source
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cryptosnewss · 3 years ago
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Australia's Financial Watchdog Warns Against Investing Retirement Savings into Crypto
Australia’s Financial Watchdog Warns Against Investing Retirement Savings into Crypto
Alex Dovbnya Australians with self-managed super funds should be wary of cryptocurrency ads, says country’s financial watchdog The Australian Securities and Investments Commission, the country’s top financial watchdog, has warned Australians managing their pension funds against using cryptocurrencies. The agency describes crypto as a “speculative investment” after recently issuing a warning…
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coinwealth · 3 years ago
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The innovative digital asset trading exchange TXTBA officially set sail globally
The core members of TXTBA’s technology and operations team are elite talents from early Bitcoin participants, crypto geeks and financial technology companies.
TXTBA LLC
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The core members of TXTBA’s technology and operations team are elite talents from early Bitcoin participants, crypto geeks and financial technology companies.
The core members of TXTBA’s technology and operations team are elite talents from early Bitcoin participants, crypto geeks and financial technology companies.
Cheyenne, Wyoming, Jan. 14, 2022 (GLOBE NEWSWIRE) — TXTBA is an innovative digital asset trading exchange located in the Cayman Islands, serving global users. After years of preparations and multiple rounds of internal testing, it was officially launched soon. It only took one month to launch, and it attracted the attention of professional investors and traders from all over the world.
As a regulated digital asset trading exchange, TXTBA mainly provides cryptocurrency and derivatives trading services for digital assets such as Bitcoin, Litecoin, and Ethereum for global users.
In 2021, various countries launched the rectification of digital asset trading exchanges. Many small and medium-sized trading exchanges lacked the ability to resist risks, and they fell in this round of reshuffle. At the same time, some rising stars are also emerging at this time, TXTBA is also among them, why can TXTBA be favored by users at this time? What are the unique advantages behind the rise of TXTBA?
What is the TXTBA trading exchange?
TXTBA is a digital asset trading exchange with blockchain characteristics. It adopts industry-leading security technology and top-level risk control architecture to provide users in more than 30 countries and regions with safe and stable digital asset trading and derivative trading services.
The core members of TXTBA’s technology and operations team are elite talents from early Bitcoin participants, crypto geeks and financial technology companies. TXTBA uses distributed server clusters, distributed storage, multi-machine high-speed memory transaction engines, and cold wallets. Advanced technologies such as hot wallets, combined with offline private keys, integrate multiple terminals such as Web, mobile, and PC, to provide users with safe, stable, and credible digital asset transaction services.
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The ultimate trading experiences
The TXTBA trading exchange realizes a high-performance, safe exchange architecture, diversified product selection and a smooth trading environment. In terms of transactions, TXTBA uses a self-developed high-concurrency memory matching transaction engine to present users with the ultimate transaction experience, support high-frequency and fast transactions of various digital products, and support users to open and close positions in real time. Based on user feedback, TXTBA improves product transaction functions, and integrates currency transactions, contract transactions, OTC, and wealth management and lending into one product matrix, presenting users with an extremely smooth transaction experience, focusing on users and focusing on products, creating a diversified integration exchange ecology.
About asset deposit and withdrawal, TXTBA supports automatic review on the chain, block synchronization, and quick remittance after packaging. Protect customers from missing investment opportunities.
Super high security protection
TXTBA launched a comprehensive financial risk control system, anti-theft system, and high-protection DDOS attack system and other transaction architectures to ensure the safety of user assets. For login, the TXTBA system requires multiple authentications to access; for blockchain asset storage, TXTBA uses a distributed storage method to divide user assets into two parts and put the normal use in a hot wallet for daily normal use. When users deposit and withdraw, they are processed in seconds and calculated on the chain; many idle assets are stored in offline cold wallets, and the security of funds is guaranteed through the multi-signature system and high-protection DDOS attack system, providing local users with safe, convenient and fair blocks Chain asset transaction services, comprehensively guarantee the user’s transaction information and asset security.
Support massive digital assets
In currency trading section, TXTBA supports the holding of mainstream digital assets such as BTC, ETH, DOGE, and popular digital assets such as AVAX and SUSHI.With the support of a safe and stable trading system, users can easily and quickly trade their favorite digital currencies. At the same time, TXTBA aggregates the depth of the currency of the head trading exchange, and the spread is small. Users can safely conduct transactions of any size. Orders are executed instantly, and 200,000 contract orders can be completed in one second.
In the derivatives trading sector, TXTBA guarantees the safety of users and only retains high-quality mainstream products. It has many advantages such as smooth order placement, fast response, and no slippage. TXTBA contract trading abandons complex trading modes. The operation interface is simple and clear, and it also supports convenient functions such as one-click opening and closing, partial closing, and quick closing, as well as the establishment of a rigorous liquidation mechanism to ensure the safety of user assets.
Strict review system
In terms of the selection of trading products, many trading exchanges do not have a review mechanism for the listing of assets, resulting in insufficient liquidity of listed assets, unsmooth transactions, and short-term issues, which damages the trust of users. In response to this problem, the TXTBA trading exchange strictly screens and encrypts through professional operators, filters 80% of high-risk projects, and ensures the user’s subsequent transaction protection.
Low transaction fees
To celebrate the launch and give back to users, TXTBA launched a series of welcome activities, a one-month transaction fee-free and new user registration bonus activities. For frequent traders and quantitative trading teams, it undoubtedly provides a high-quality arbitrage opportunity. For novice Xiaobai, the bonus activity provides an opportunity to participate in transactions with a zero threshold.
7*24H user support
According to the official introduction, TXTBA, to promote the globalization process, will simultaneously release versions in 8 countries, including Dubai, France, the United States, Japan, South Korea, etc., and also establish more than 100 localized communities in more than 30 regions around the world. Covering the global business service network, the customer service department adopts flat management internally, and establishes an extremely fast service response mechanism, 7*24H all-weather transaction service and local manual customer service respond extremely quickly and introduces localized policies for local user habits to understand the real needs of users.
All in all, TXTBA has always established a trustworthy reputation in the community. In the future, they will continue to improve and upgrade products and services based on users’ suggestions and needs and serve every customer better and better. As more people enter this safe, open, open, and transparent trading market, TXTBA will also face greater challenges and opportunities.
Media Contact
Company Name: TXTBA LLC
Contact: TOMASIO BRIAN ANTHONY
Address: 30 N Gould St Ste N, Sheridan, WY 82801
Website: http://www.txtba.com
Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
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sheminecrafts · 3 years ago
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Twitter wants you to tweet to interest-based communities, not just followers
Twitter is a useful place for following breaking news and keeping up with what the people you’re already interested in are doing, but its relative dearth of discovery features and a lack of organized community spaces make it pretty hard to connect with anyone you aren’t actively seeking out.
The company is thinking about changing that. Twitter is on a tear with new features lately and its latest experiment, called Communities, is designed to make it easier to connect around shared interests. Users will be able to join these new social hubs and tweet directly to other people with shared interests rather than their regular group of followers. Those tweets will still be public, but replies will be limited to other community members.
Communities will be user generated, though Twitter says that will be “limited,” for now, so most people will have to wait a few months before starting their own groups. The earliest Communities will center around popular and generally benign topics on Twitter including “dogs, weather, sneakers, skincare, and astrology.” Twitter’s example images also include cryptocurrency, plants and Black women photographers.
The test begins Wednesday and will show up in a dedicated spot at the bottom of the iOS app or in the side menu on Twitter.com. Twitter says that Android users will be able to read Community tweets too, though “more functionality” is on the way soon — presumably a dedicated app tab and the ability to join and participate in the new groups.
Communities will be created and maintained by designated moderators, who will have the ability to invite other users to the group via DM and remove content posted within the group. Initially invites will be the only way into a Community, but it sounds like Twitter has some grand plans for discovery features that make it easier for people to find places they might want to hang out.
“Some conversations aren’t for everyone, just the people who want to talk about the thing you want to talk about,” Twitter Staff Product Manager David Regan wrote in a blog post announcing the feature. ” … We want to continue to support public conversation and help people find Communities that match their interests, while also creating a more intimate space for conversation.”
With any user-driven community space on social media — particularly one where algorithmic discovery factors in — moderation is the big concern. Twitter says that anyone will be able to read, report and quote content posted in a Community, so you don’t have to be a member of a community to flag harmful content like you would in a private Facebook group. Twitter says that it is working on “new reporting flows, and bespoke enforcement actions” to proactively identify problem Communities.
The introduction of Communities pairs well with Twitter’s recent efforts to court creator communities. The company rolled out Super Follows, its paid subscription tool, earlier this month and also recently invited some users to sell tickets for audio rooms with Ticketed Spaces. It’s also testing one-time payments with a feature called Tip Jar that’s currently only available for a subset of accounts.
Communities are a pretty big departure for Twitter, which is obviously in the throes of reimagining the platform as a more dynamic place for community building. By carving out substantial space for subcommunities on Twitter, the company seems to be inching in the direction of a platform like Discord or Reddit, where everything revolves around self-moderating interest-based communities. Those platforms grapple with their own moderation headaches, but specific, interest-driven communities invite users to go deep in a way that makes interactions on Twitter look shallow by comparison.
The introduction of Communities is an interesting direction for a prominent social network that’s remained largely unchanged for more than a decade at this point. If the test sticks, Communities could build connective tissue between users and make the social network generally a more dynamic place to hang out — but that’s only possible if Twitter can strike the right balance between encouraging its newly imagined subcommunities to grow and keeping them safe.
Twitter tests a safety feature on web to remove followers without blocking them
Twitter is testing big ol’ full-width photos and videos
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