#blockchain vs cryptocurrency

[proinvesto1234]

Blockchain Technology: Definition, Benefits, and Security Explained

Introduction to Blockchain

Blockchain is a decentralized system that securely stores information about transactions. It is extremely difficult, if not impossible, to alter or cheat within this system. The database is distributed across the entire network, ensuring the highest level of security.

Contents

Introduction to BlockchainThe Need for DecentralizationEvolution of BlockchainHow Blockchain WorksSecurity Features of BlockchainConsensus MechanismConclusion

The Need for Decentralization

Corrupt practices often involve under-the-table transactions, where records of black money are kept in centralized databases. These databases are unreliable for several reasons:

Limited access: Only a few individuals can access this data.

Vulnerability to tampering: Administrators can modify the database, compromising its integrity.

Decentralization addresses these issues by distributing the database across multiple entities. This makes it nearly impossible to alter the transaction details, as no single authority controls the entire database. Blockchain exemplifies this decentralized system, offering a trusted and preferred method of transaction recording.

Evolution of Blockchain

Blockchain technology was researched in the 1990s and implemented in 2009 by an anonymous developer known as Satoshi Nakamoto, who used it to create Bitcoin. This marked the beginning of the cryptocurrency boom.

How Blockchain Works

In a blockchain, transaction details such as origins, destinations, and other specifics are recorded in a ledger. Each piece of information in the ledger is a “block,” and a series of these blocks forms a “blockchain.” Bitcoin is considered the most secure cryptocurrency due to its high hash rates, allowing transactions to be traced back to their sources within the chain.

Security Features of Blockchain

Key security features of blockchain include:

Hash Functions: Each block contains a unique hash, akin to a fingerprint, that secures the stored information.

Previous Hashes: Each block also stores the hash of the previous block, linking the blocks together securely.

Altering any information within a block changes its hash, making the block and subsequent blocks invalid. This mechanism makes it extremely difficult to tamper with the blockchain.

Consensus Mechanism

In a blockchain network, all participants have access to the transaction details. To alter a hash, consensus from other network members is required, ensuring that unauthorized changes are nearly impossible.

Conclusion

Blockchain is the most secure form of a decentralized network, ensuring that transaction information is tamper-proof and reliable. This technology provides unparalleled security, making it a trusted system for recording transactions.

[intelisync]

2024 Guide to Liquid Restaking: Everything Beginners Should Know

The advent of liquid restaking is significantly altering the dynamics of the DeFi ecosystem by allowing stakers to reallocate their assets across multiple protocols without the need to un-stake. This innovative approach enhances both liquidity and flexibility, enabling users to maximize their staking rewards by participating in several staking opportunities simultaneously. By diversifying staking activities, liquid restaking mitigates risks associated with exposure to a single protocol and enhances overall security. It also improves liquidity, making it easier for users to trade and transfer their restaked assets, a flexibility not afforded by traditional staking methods.

Liquid restaking's seamless integration with DeFi platforms facilitates the use of staked assets in various financial products, thereby opening up a plethora of innovative use cases, such as collateralized lending and synthetic asset creation. This integration supports the decentralization ethos of blockchain technology by allowing more participants to engage in staking without the constraints of locked assets. As the DeFi sector continues to evolve, liquid restaking is poised to become a foundational component, driving greater innovation and user participation.

EigenLayer exemplifies the benefits of liquid restaking by enabling users to maximize their staking rewards while securing multiple blockchains. This approach not only enhances capital efficiency but also fosters new opportunities within the DeFi space.

For those looking to leverage these advantages, Intellisync provides advanced liquid restaking solutions, ensuring your assets remain accessible and continuously productive. Join the Intellisync revolution today and optimize Learn more....

[icodesk]

Crypto Clash: China and USA Compete for Global Dominance | ICODesk

Crypto Clash: China and USA Compete for Supremacy in the Global Blockchain Arena

In the rapidly developing cryptocurrency landscape, two global superpowers, China and the United States, are engaged in a fierce rivalry for supremacy and this struggle goes beyond and extends beyond the traditional financial and technology sectors into the realm of blockchain and digital currencies. In this study, we examine the mechanisms, policies, and innovations that explain the crypto struggle between China and the United States. 

Digital Yuan vs Digital Dollar: The Battle of Central Bank Digital Currencies (CBDCs)

China has made great strides in developing its digital currency, the digital yuan. Standing as the central bank’s digital currency (CBDC), the digital yuan aims to reshape the global financial landscape. Meanwhile, the U.S. is considering creating a digital dollar, and discussions revolve around the potential benefits and challenges of such a move. The race to establish the first widely accepted CBDC is one of the most important elements of the crypto struggle.

Legislative strategies: Striking a balance

China and the United States are leading the way in tighter cryptocurrency regulation. China has taken a tough instance, banning cryptocurrency exchanges and initial coin offerings (ICOs) and actively exploring blockchain technology. In contrast, the U.S. takes a nuanced approach, striving to balance innovation with investor protection. 

Technological Innovation: Blockchain and Beyond

The crypto struggle also extends to technological innovation. China has emerged as a leader in blockchain development, with infrastructure such as blockchain-based service network (BSN). Meanwhile, the USA is fostering innovation through a combination of public and private sector initiatives, with a focus on blockchain applications beyond digital currencies. 

Global Impact: Economic and Geopolitical Implications

As China and the United States jostle for crypto supremacy, global economics and geopolitics hang in the balance. CBDC approval, and developments in blockchain, could affect international trade, monetary policy, and the distribution of economic power. The winner of the crypto scramble stands to shape the future of global finance and technology.

Investor Sentiment: Navigating uncertainty in crypto markets

The crypto scramble instills some uncertainty in the minds of investors worldwide. Fluctuating regulations, technological developments, and the adoption of digital currencies create a dynamic environment for crypto investors. To understand what China and the US are doing, the crypto struggle translates into a need for investors looking to navigate this ever-changing landscape.

For more updates 

[snehaahlawat]

There are many Blockchain Development Company who establish Cryptocurrency and generate tokens on several platforms and of their clients. BEP20 Vs ERC20 are two most valuable and useful tokens used by many organizations. You can also deploy your token on BSC chain in easy steps. ERC20 Vs BEP20 has many distinct features which we discuss below for your knowledge. Visit here for more knowledge.

[deenablog]

Crypto for beginners

Certainly! Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here's some basic information for beginners

Course >> beginners <<

[tech-news-hub]

Cryptocurrency: What is it and How Does it Work?

Cryptocurrency also known as digital or virtual currency, is a form of decentralized currency that uses cryptography for security and operates independently of a central bank. The most well-known cryptocurrency is Bitcoin, which was created in 2009. Since then, many other forms of cryptocurrency have emerged, such as Ethereum and Litecoin.

The underlying technology that enables the creation and transfer of cryptocurrency is blockchain technology. A blockchain is a decentralized, digital ledger that records transactions across a network of computers. It allows for secure and transparent transfer of digital assets without the need for a central authority. This makes cryptocurrency a revolutionary concept for financial transactions and has the potential to disrupt traditional financial systems.

Cryptocurrency: What is it and How Does it Work?

Cryptocurrency is a digital or virtual currency.The technology that enables the creation and transfer of cryptocurrency is called blockchain. A blockchain is a decentralized, digital ledger that records transactions across a network of computers. It allows for secure and transparent transfer of digital assets without the need for a central authority, such as a bank or government. Transactions made using cryptocurrency are recorded on a public blockchain, making them transparent and tamper-proof.

Cryprocurrency is a dcentralizetion system. And this operates independently of a central bank. This means that it is not controlled by any government or institution, and it is not subject to the same regulations and policies as traditional currency. Instead, transactions made using cryptocurrency are verified by a network of users rather than a central authority. This makes it a popular choice for people who value privacy and autonomy in their financial transactions.

Another important aspect of cryptocurrency is that it is digital and therefore can be stored in a digital wallet. These digital wallets, also known as crypto wallets, are software programs that store the user's private and public keys, allowing them to access and manage their cryptocurrency. Users can use these digital wallets to send, receive and store their cryptocurrency.

Read Also: The Power of Blockchain: A Beginner's Guide.

Types of Cryptocurrency: Bitcoin, Ethereum, and more.

There are many different types of cryptocurrency available in the market, each with its own unique features and uses. In this article, we will take a closer look at some of the most popular types of cryptocurrency: 

Bitcoin:

Bitcoin is the first and most popualr cryptocurrency. It was created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. Bitcoin operates on a decentralized blockchain network and it is the most widely used and accepted cryptocurrency. It has the highest market capitalization among all cryptocurrencies and is often seen as a store of value and a hedge against inflation.

That allows for peer-to-peer transactions without the need for a central authority, such as a bank. Transactions made using Bitcoin are recorded on a public blockchain, making them transparent and tamper-proof. The blockchain is maintained by a network of users called "miners", who use powerful computers to solve complex mathematical problems in order to validate transactions and add them to the blockchain.

The first and most popular cryptocurrency, created in 2009 by Satoshi Nakamoto.

Decentralized blockchain network.

Most widely used and accepted cryptocurrency.

Often seen as a store of value and a hedge against inflation.

Total Bitcoin supply is 21 million. 

Bitcoin Cash:

Created in 2017 as a fork of Bitcoin.

Larger block size, 8MB as compared to 1MB in Bitcoin.

Faster transaction times and lower fees.

Often seen as a more "original" version of Bitcoin.

Ethereum:

Ethereum, we known as ETH, is second most popular cryptocurrency that was created in 2015 by Vitalik Buterin. It is an open-source, decentralized blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Ethereum is a platform that allows for the execution of complex financial transactions and the development of decentralized applications.

Ethereum operates on its own blockchain and has its own native cryptocurrency, Ether. Ether is used to pay for transactions and computational services on the Ethereum network. This is known as "gas" and it's used to power the smart contracts on the network. Developers can use Ether to create and deploy their decentralized applications on the Ethereum network.

Created in 2015 by Vitalik Buterin.

An open-source, decentralized blockchain platform for smart contracts and decentralized applications (dApps).

Has its own native cryptocurrency, Ether.

Used to pay for transactions and computational services on the Ethereum network.

Litecoin:

Litecoin, we known as LTC, is a peer-to-peer cryptocurrency that was created in 2011 by Charlie Lee. It is similar to Bitcoin in many ways, but it has faster transaction times and lower fees. Litecoin is also based on an open-source blockchain and uses a proof-of-work algorithm for mining, similar to Bitcoin.

Litecoin's block time is 2.5 minutes as compared to Bitcoin's 10 minutes, this allows for faster confirmation of transactions. Additionally, Litecoin has a higher maximum supply limit of 84 million as compared to Bitcoin's 21 million. 

Created in 2011 by Charlie Lee.

Similar to Bitcoin but with faster transaction times and lower fees.

Open-source blockchain and uses a proof-of-work algorithm

Higher maximum supply limit of 84 million.

Ripple:

Ripple is a digital asset and a payment protocol that was created in 2012 by Chris Larsen and Jed McCaleb. It is designed to facilitate fast, low-cost cross-border transactions between banks and financial institutions. Ripple uses a consensus algorithm instead of mining to validate transactions and maintain the integrity of its network.

Ripple is native cryptocurrency is XRP, which is used as a bridge currency in international transactions, allowing for the instant conversion of one currency to another. XRP can also be used to pay for transaction fees on the Ripple network.

Ripple is payment protocol and we know as RippleNet, allows for real-time, cross-border payments with end-to-end tracking. Banks and financial institutions can use RippleNet to process and settle cross-border payments quickly and efficiently, reducing the need for intermediaries and lowering costs.

Created in 2012 by Chris Larsen and Jed McCaleb.

A digital asset used for fast and low-cost cross-border transactions.

Ripple is both the name of the company and the cryptocurrency.

It uses a consensus algorithm instead of mining.

Monero:

Monero is a privacy-focused cryptocurrency that was created in 2014. It uses a technique called "ring signatures" and "stealth addresses" to hide transaction details such as the sender, receiver, and amount being transferred. This makes Monero transactions highly anonymous and difficult to trace, making it a popular choice for those who value privacy in their financial transactions.

Monero uses a proof-of-work algorithm for mining, similar to Bitcoin, and it has a decentralized blockchain network. It also has a flexible block size, which allows for faster transaction times and lower fees compared to other privacy coins.

Monero Created in 2014.

It uses a proof-of-work algorithm.

Often used in illegal activities due to its high level of anonymity.

Polygon

Polygon, formerly we known as Matic Network, is an open-source and Ethereum-based platform for building and deploying decentralized applications (dApps) and decentralized finance (DeFi) projects. It is a layer 2 scaling solution that uses a technique called "plasma sidechains" to improve the scalability of the Ethereum network.

It also uses a decentralized network of validators to secure the network, similar to a proof-of-stake consensus mechanism.Polygon provides a more accessible and user-friendly experience for developers and users in the Ethereum ecosystem. 

These are just some examples of the many different types of cryptocurrency. Each has its own unique features and uses, and it's worth researching them further if you're interested in investing or using them for transactions.

Read More:

[infrablok]

[retrogradeyeo]

I am purchasing a bag of #ANKR and I am going to sell that bag at $1.25!

[hizmetsartlari]

Xrpclassic - Mega+

XRP Classic

Xrp classic is a new Ethereum-based coin released in 2022. Coin's goal is to develop solutions that will make the cryptocurrency space safer and easier to understand for all users. The official website of the project is Xrpclassic. Its symbol listed on exchanges is XRPC. Although it is based on Ethereum, the project team aims to develop its own blockchain in the future. Xrp classic net worth is 28,656,172. Xrp classic price is currently on sale for $ 0.04351. The project is a platform designed to create a new Marketplace for freelancers. It is not possible to compare xrp classic vs xrp yet. Since Xrp Classic is new to the market, its circulating supply is not yet settled. Therefore, it is premature to compare these two coins at the moment. Another purpose of Coin is to enable its users to earn through an enjoyable experience.

[blockchainxtech]

we explore the key differences between ⁠ERC20 token development⁠ on the Ethereum blockchain and ⁠BEP20 token development⁠ on the Binance Smart Chain. We discuss how these two token standards impact transaction speed, cost, security, and their adoption within their respective ecosystems. Understanding these differences is essential for developers, investors, and users navigating the evolving landscape of blockchain technology.

[intelisync]

Unlocking Perpetual Futures Contracts: Essential 2024 Guide for Beginners

Are you ready to take your trading to the next level with a financial instrument that offers endless opportunities and flexibility?

Perpetual futures contracts have emerged as a revolutionary tool in the trading arena, particularly for cryptocurrency enthusiasts. These contracts, unlike traditional futures, do not have an expiration date, allowing traders to hold positions indefinitely. This feature provides a significant advantage, enabling continuous trading and the ability to take advantage of long-term market trends. The funding rate mechanism, which periodically adjusts to keep contract prices in line with the spot prices of the underlying assets, ensures a balanced and fair trading environment.

Leverage is a key feature of perpetual futures contracts, allowing traders to control larger positions with a smaller capital investment. This can significantly amplify profits, but also poses a risk of larger losses, making risk management a crucial aspect of trading these contracts. The real-time mark-to-market settlement process adjusts traders' margin balances continuously, ensuring that gains and losses are promptly accounted for. This mechanism helps prevent sudden liquidations and keeps traders informed about their margin requirements.

Despite the numerous benefits, perpetual futures come with their own set of risks, including market volatility and fluctuating funding rates. Traders must have a solid understanding of these risks and employ effective strategies to mitigate them.

Intelisync, a pioneer in blockchain technology and exchange development, offers advanced solutions to enhance the security and functionality of perpetual futures trading. Explore how Intelisync can enhance your trading experience and provide the tools you need to succeed in the dynamic world of perpetual futures.

Discover how Intelisync can transform your trading journey and provide you with the tools needed to succeed in the dynamic world of perpetual futures. Contact Intelisync today! Ready to revolutionize your trading journey? Contact Intelisync today and Learn more....

[rahilask]

Casino Big Wins: Triumphs and Tales of Fortunes Won

Introduction

Casino Big Wins: What sets hearts racing, palms sweating, and adrenaline pumping more than the thrill of hitting it big at a casino? In this article, we delve deep into the realm of Casino Big Wins, exploring the excitement, strategies, and stories behind these monumental moments.

Factors Contributing to Big Wins

Luck vs. Skill: What Matters Most? Casino games often walk the tightrope between chance and skill. While luck undoubtedly plays a significant role in securing big wins, strategic gameplay can tilt the odds in your favor. We'll explore the delicate balance between luck and skill in pursuit of Casino Big Wins.

Strategies for Maximizing Wins From mastering the art of bluffing in poker to employing progressive betting systems in blackjack, various strategies can enhance your chances of scoring big at the casino. We'll uncover these strategies and provide insights into their effectiveness.

Popular Games for Big Wins

Slot Machines: The Allure of Jackpots With their flashing lights and enticing sound effects, slot machines beckon players with the promise of life-changing jackpots. We'll delve into the world of slots, examining the mechanics behind jackpot payouts and sharing tips for spinning your way to success.

Table Games: High Stakes, High Rewards For those seeking a more strategic challenge, table games offer ample opportunities for big wins. Whether it's the thrill of roulette, the strategic depth of blackjack, or the anticipation of a winning hand in poker, table games provide a diverse landscape for pursuing Casino Big Wins.

Real-Life Big Win Stories

Tales of Fortune: Memorable Wins Behind every big win lies a captivating story. From hitting the jackpot on a progressive slot to outplaying opponents in a high-stakes poker tournament, we'll showcase real-life tales of casino triumph that will leave you inspired and awestruck.

Overcoming Odds: Inspirational Stories In the face of adversity, some players defy the odds to achieve remarkable victories. We'll share stories of perseverance, resilience, and sheer determination, highlighting the human spirit's triumph in the pursuit of Casino Big Wins.

Tips for Increasing Win Potential

Bankroll Management: Playing it Smart Effective bankroll management is crucial for sustaining success in the casino world. We'll offer practical tips for managing your funds wisely, ensuring that you can weather both winning streaks and losing spells without derailing your gameplay.

Capitalizing on Bonuses and Promotions Casinos often entice players with enticing bonuses and promotions, ranging from welcome offers to loyalty rewards. We'll reveal insider tips for leveraging these bonuses to maximize your win potential while minimizing risk.

Responsible Gambling Practices

Knowing When to Stop: Setting Limits While the allure of big wins can be irresistible, responsible gambling entails knowing when to step away from the table. We'll discuss the importance of setting limits, recognizing signs of problem gambling, and seeking help when needed.

Seeking Support: Resources for Problem Gambling For those struggling with compulsive gambling behaviors, support is available. We'll provide a comprehensive list of resources, including helplines, support groups, and counseling services, to assist individuals in overcoming gambling addiction and reclaiming control of their lives.

The Future of Big Wins in Casinos

Technological Advancements and Their Impact As technology continues to advance, the landscape of casino gaming is undergoing rapid transformation. We'll explore emerging trends such as virtual reality casinos, blockchain-powered gaming platforms, and AI-driven predictive analytics, offering a glimpse into the future of Casino Big Wins.

Evolving Trends: What's Next in Casino Big Wins? From the rise of skill-based gaming to the integration of cryptocurrency payments, the casino industry is evolving to meet the changing preferences of players. We'll forecast upcoming trends and innovations that are poised to shape the future of Casino Big Wins.

Conclusion

In conclusion, Casino Big Wins embody the essence of excitement, anticipation, and triumph that define the allure of casino gaming. Whether through strategic gameplay, sheer luck, or sheer determination, these monumental moments capture the imagination and inspire players worldwide. As we navigate the ever-changing landscape of the casino industry, one thing remains certain: the thrill of chasing that elusive big win will continue to captivate hearts and minds for generations to come.

[unpluggedfinancial]

Bitcoin vs. Central Bank Digital Currencies (CBDCs): A Comparative Analysis

In recent years, the rise of cryptocurrencies has prompted significant discussions about the future of money and the global financial system. Among the most prominent of these digital assets is Bitcoin, a decentralized currency that has captured the imagination of many. In parallel, governments around the world are exploring Central Bank Digital Currencies (CBDCs) as a way to modernize their financial systems and regain control. This blog post aims to compare Bitcoin and CBDCs, highlighting their key differences and potential impacts on the financial landscape.

Bitcoin, created in 2009 by an anonymous entity known as Satoshi Nakamoto, is a decentralized digital currency. Unlike traditional currencies, Bitcoin operates on a peer-to-peer network, allowing users to transact directly without the need for intermediaries like banks. Key features of Bitcoin include its limited supply of 21 million coins, its secure and transparent blockchain technology, and its potential to serve as a hedge against inflation.

Central Bank Digital Currencies (CBDCs) are digital versions of fiat currencies issued by central banks. Unlike Bitcoin, CBDCs are centralized and controlled by governments. Examples of CBDCs currently in development include the Digital Yuan in China and the Digital Euro in the European Union. CBDCs aim to provide the convenience of digital payments while maintaining the stability and trust associated with traditional currencies. They also represent a strategic effort by governments to regain control of the money supply in response to the growing influence of decentralized cryptocurrencies like Bitcoin.

One of the most striking differences between Bitcoin and CBDCs is the issue of control and centralization. Bitcoin operates on a decentralized, peer-to-peer network, meaning no single entity has control over the system. This decentralization is a fundamental principle of Bitcoin, ensuring that it remains free from government interference. On the other hand, CBDCs are centralized and controlled by governments or central banks. This centralization allows for more direct control over the currency but also introduces the risk of governmental overreach and surveillance. It is, in many ways, a last-ditch effort by governments to regain control of the monetary system before Bitcoin and other decentralized currencies potentially dominate.

Another crucial difference lies in the supply and inflation mechanisms. Bitcoin has a fixed supply of 21 million coins, which makes it inherently deflationary. This limited supply is designed to prevent inflation and preserve the value of the currency over time. In contrast, CBDCs can have an unlimited supply, much like traditional fiat currencies. The supply of CBDCs can be adjusted according to monetary policy, which may lead to inflationary pressures. This fundamental difference highlights Bitcoin's role as a store of value and hedge against inflation, compared to CBDCs' role in facilitating monetary policy.

Privacy and transparency are also key differentiators between Bitcoin and CBDCs. Bitcoin transactions are pseudonymous, meaning that while the transaction details are publicly available on the blockchain, the identities of the users are not directly tied to their Bitcoin addresses. This provides a level of privacy while maintaining transparency. Conversely, CBDCs are likely to have more surveillance and control by authorities, potentially compromising user privacy. Governments may track transactions to prevent illegal activities, but this could also lead to concerns about privacy and civil liberties.

When it comes to innovation and flexibility, Bitcoin stands out due to its open-source and community-driven nature. This allows for continuous innovation and adaptation, with the Bitcoin community actively developing and implementing new features and improvements. On the other hand, CBDCs are government-led initiatives, which may result in slower innovation due to bureaucratic processes and the need for regulatory compliance. This distinction underscores the dynamic and evolving nature of Bitcoin compared to the more controlled and regulated approach of CBDCs.

The potential impacts of Bitcoin and CBDCs on the financial system are profound and multifaceted. Bitcoin has the potential to provide financial services to the unbanked and underbanked populations worldwide. By allowing anyone with an internet connection to access financial services, Bitcoin can promote financial inclusion. CBDCs, meanwhile, can streamline government payments and services, making it easier for citizens to receive benefits and pay taxes. However, the success of CBDCs in promoting financial inclusion will depend on their design and implementation.

Economic stability is another area where Bitcoin and CBDCs have different roles. Bitcoin is often viewed as a hedge against inflation and economic instability. Its limited supply and decentralized nature make it an attractive option for those seeking to protect their wealth from the devaluation of fiat currencies. CBDCs, on the other hand, can enhance monetary policy and financial stability by providing central banks with new tools to manage the economy. However, the introduction of CBDCs also poses risks, such as potential cybersecurity threats and the need for robust regulatory frameworks.

Adoption and acceptance are critical challenges for both Bitcoin and CBDCs. Bitcoin faces challenges in achieving widespread acceptance and overcoming regulatory hurdles. Governments and financial institutions may be resistant to its adoption due to its decentralized nature. CBDCs also face challenges in implementation and public trust. Ensuring that CBDCs are secure, reliable, and user-friendly will be crucial for their success.

Technological and security concerns are significant considerations for both Bitcoin and CBDCs. Bitcoin's network is secure, but it requires significant energy consumption. Addressing the environmental impact of Bitcoin mining is an ongoing challenge. CBDCs must address cybersecurity risks and the potential for central points of failure. Ensuring the resilience and security of CBDC systems will be critical.

Bitcoin and CBDCs represent two different visions for the future of money. While Bitcoin offers a decentralized, deflationary alternative to traditional currencies, CBDCs aim to modernize the existing financial system with government-backed digital money. Both have their advantages and challenges, and their coexistence will shape the future of the global financial landscape. As these technologies continue to evolve, staying informed and understanding their implications will be essential for navigating the changing world of finance.

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[formlessdemi]

in a big ranty mood tonight

don't get me started on AI

how tech bro bullshit often only sucks cuz they try to put they're fancy new toys in places they really shouldn't be and aren't ready for

how AI / machine learning is really useful and cool and I got all autistic about how it works while watching everyone tear into how shitty it is cuz it's been deployed in stupid ways and isn't perfect yet

it's actually amazing at image recognition, rough drafting shit, spitballing for ideas with, code rough drafting (or just straight up makes code that works), translating error codes (in english 4 eyes), code error finding, text to speech, speech to text, and so fucking much more

graphics cards using machine learning to run more efficiently, mostly by running at a lower resolution and AI upscaling, but also every other frame being AI generated is slowly getting better

I talked to a chatbot when I was overwhelmed with anxiety and I had no fear of annoying someone because it wasn't a person

There's fucking AI powered brain implants that let the mute communicate!!!

it's incredibly diverse tech that has uses in so many fields, it sucks to see it just be an instant turn off word for so many people

-

self-driving is possible and safer than normal driving, but car companies are botching that shit sooooo hard

but the company in Phoenix Arizona with self driving cabs has properly set up systems without skimping on sensors or prep and actually have something that works basically flawlessly

vs Tesla which is running self driving on just cameras and weakly powered AI.... they don't even use LIDAR!

dragging that tech's name through the dirt

-

and then there's blockchain

jk, idk shit about that

it's cool people made money that you can buy drugs with safely tho (google monero)

and NFTs are just blockchain thrown in a shitty stupid thing in the scammy way tech bros do

-

yeah all of these things have downsides

all automation comes with people losing jobs as the scenes change

how creative AIs were trained leads to lots of questions about copyright

self driving cars distract from proper public infrastructure

blockchain has like 1 actual use and cryptocurrency is only good for privacy and mining is a waste of electricity (once again google monero, it aims to disincentivize crypto farms)

but god, can't people see that there's some good in all of this?