#the solution to this is decentralization btw

[arainaizevran]

[freakartack]

hey i'm that dumbass who said ur art reminded me of cow snd chicken again!! i've been reading your theories about the biology of the orbulon species (which i absolutely adore btw, as a massive fan of speculative biology and just biology in general lmao) and that made me curious, what do you think his anatomys like? by that i refer to organs n stuff, like do you think he has internal systems to perform life functions somewhat like how humans do? and how'd they work if he does have em? apologies if i worded this in a convoluted manner im just Very Interested

LOLLLL if i could frame the cow and chicken comparison i would have. Anyways thank you! I am very happy you enjoy my insane orbiology raving. Speculating upon orbulon's biology is the funnest thing ever because nobody who writes official orbulon lore gives a shit about that. they're just like yeah he likes frozen french fries and he doesn't poop. He can teleport and he has 300iq. And then schmucks like me run around in circles trying to fit all of those random incongruous statements into a coherent creature. It's great

I have thought about orbulorgans before but i have not made a orbulon xray because there is some soul searching i have to do. Here are the pins on my ever-expanding corkboard

Some important things to note throughout are that orbulon does not 1) shit 2) fuck. The latter is no big deal but the first one is a big ole spanner in the works because most things indeed shit. If he did i could just contort the innards of a squid into his body shape but he doesn't. In addition to cephalopods i also lean on jellyfish a lot wrt his life cycle, which is great because jellyfish also don't poop. Unfortunately both ways they do expel waste is not that great. Warioware has a lot of grossout humor but at what point do we fly too close to the sun? At what point do we fall? (Some people like the theory that his digestive system just obliterates whatever enters it, thus removing the need for waste altogether. This is a simple and neat solution but i am neither of those things and so this question continues to keep me up at night.)

Orbulon's brain situation was swiftly addressed in move it where it is revealed that it looks like this: 🧠. Simple enough. This is another example of warioware devs putting the appropriate amount of thought into their cartoon wario alien and me not doing that because prior to them giving him a regular degular brain emoji a top question on my mind was "does orbulon have a decentralized nervous system?" I guess if i wanted to i could argue that they only showed us ONE of his brains so we don't know what's going on in the rest of him but the way he behaves doesn't necessarily imply anything of the sort. I'm just being silly.

The age old question: "Do you think orbulon has an open circulatory system or closed"!!!! This is the question all warioware fans have asked themselves. For a creature as brainy as he, you would think it would be closed, to better direct the flow of "blood" (or his equivalent) to his highly demanding brain(s). I'm hesitant to dwell on the question of whether he even needs oxygen or some other element for this because unfortunately everyone in this cast has casually been out there in space so. Cartoon physics wins this time.

Sorry if this answer is disappointing because it does kind of amount to "i don't know". But i do think. If i do make a orbulon cross-section it will probabaly be a lot funnier than this just to keep up the tradition of funny cross-sections in wario games because I do like the mystery and the anarchy of it all. He's deranged. He says something offhand about his third appendix and the crygors lose their minds

[tornad001]

see the problem is that the best alternative u can construct still represents a significant enough decrease in the quality of everything that it really begs the question if it's worth it just for decentralization of this specific industry. so ur solution to the inability for a wholly decentralized system to provide the vast numbers and quantities of different drugs and chemicals needed for modern medical care seems to be to pawn off the production of "some critical compounds for personal use" to individuals? why? where are all these individuals getting the tech or at least access to the tech (and additional training needed to run and interpret the results of the tech) for ensuring they did it right and got all the right compounds and none of the wrong ones? cuz little mistakes can literally kill people, and even the best case scenario of a fuck-up where u kill only urself isn't a good one, death is bad actually.

also all of this is predicated on the assumption that a vastly decentralized system would be able to provide the base chemicals and solvents and all needed to make the drugs in a sufficiently pure form and with sufficient reliability. there's just too many steps along the path from resource extraction to industrial chemical synthesis and purification to drug production to treatment and every step along the way is a potential source of catastrophic failure. if proper production isn't done or the purification process isn't complete enough or theres a failure in your instrumentation that isn't caught or a million other things can go wrong. and the only reasonable way to prevent that to whatever extent is even possible is through robust interconnected regulatory bodies that can hold people and groups to account and can themselves be held to account. and these systems have to have the same degree of certainty and safety everywhere despite having to be largely decentralized in how they're carrying out their regulatory work and the only way to do that is with some degree of centralization and then it kinda seems like you're just rebuilding the FDA and our current system with a lot of extra steps and a lot less utility

nobody's saying our current system is functioning (well its functioning exactly as intended for the benefit of the bourgeoisie) but there's solutions that are still radical and resolve much of the issues, it seems like a step too far and at the very least a step too soon to suggest that the way to fix the medical/pharmaceutical system is through radical anarchistic decentralization rather than.... idk, socialized medicine. better medical education. implementation of automation where useful. an emphasis on patients and workers rights. etc.

i just don't see many problems that the anarchistic solution solves that a radical socialist/communist solution doesn't. what internal contradiction is left un-resolved? idk i just think a lot of the anarchistic extremism really only works under a system sans natural inequality. cuz we always have to make accommodation to reality, both in a policy sense with an eye for what's expedient and in an ideological sense in terms of sacrificing secondary goals in pursuit of primary goals. if the secondary goal of decentralization can't be taken to its logical conclusion without impinging on the primary goal of liberty, then it must be constrained. cuz we don't live in a logical world, we live in a messy chaotic naturally unequal world. and if we have the imagination to picture radical anarchistic solutions as functional alternatives, surely we have the imagination to conceive of a centralized system which is sufficiently non-coercive - to image slightly less radical solutions

btw feel free to call me a liberal shill or a capitalism-loving communist-wannabe or ideologically inconsistent or whatever u need to tell urself. im firm enough in my beliefs, i can take unwarranted or petty criticism. and its not like i wouldn't have choice words about why you hold your beliefs on the matter.

I'm so mad at tumblr right now.... I was constructing a response to someone's "anarchists can't produce a surplus of synthetic insulin and therefore will just kill all disabled people when they take over" and Tumblr crashed and took my sources with it 😭

[cesperanza]

Hey, thank you for all the work you've been doing looking ahead to the future. With the news today about tumblr fuckery it feels like a fandom mass exodus is going to happen much sooner than we thought. Do you know where you'll be going next? Pillowfort, anywhere like that? Sorry, I don't want to panic, but all of the proposed solutions so far seem a lot more long term, and it looks like a lot of the community will be gone within 2 weeks :( thanks as ever for your guidance and wisdom. Much love!

I know, omg, I went offline a few hours and came back to that gif from community with the flames and the pizza, but for real!

No, I don’t know yet though I’m sure we’ll figure something. Right now my advice would be do everything, all of it.  I’m going to hold on here just as a dissemination device as long as I can just to hold onto this particular network of fans for communications purposes. Also I have a fannish Twitter which I don’t use which I’ll take out of mothballs, and I’m on Pillowfort and I will also dust off my DW, and also btw you can subscribe to my fiction directly via AO3 if you want to keep up with whatever I’m writing, and also also I’ll speed up my investigations into open source, decentralized social media options, though you WOULD DO THIS RIGHT BEFORE FINALS WEEK YOU WR*)@#&$(*H ASERs !!!!

Another apropos gif:

[bitintro]

Is Bitcoin really too slow? @bitintro explains for you - There are many voices who claim the Bitcoin is too slow and cannot process enough transactions per second. However, what they usually don‘t get is that the transaction throughput or speed is not really important. Bitcoin does not compete with payment processors like Visa, Apple Pay or PayPal. - Instead, Bitcoin competes with central banks and fiat currencies like the U$-Dollar. The Bitcoin base layer (the Bitcoin blockchain) acts as a settlement layer - like the clearing of international transactions of central banks (which they are doing in gold btw). There are second or third layer solutions above Bitcoin which offer instant confirmation and the scaling of small transactions. - What really matters is that Bitcoin provides an alternative to the traditional monetary system by offering a fixed and predictable monetary policy. The hard cap of 21M coins and the supply schedule cannot be changed by anyone. - This is the true power of Bitcoin. Since the network is decentralized and the participants are incentivized to enforce the rules the monetary policy of Bitcoin is credible and unmanipulatable. - Do you think Bitcoin base layer transaction throughput really matters? 😳 - ❤️ Double tap if you find this post valuable ⭐️ Save the post for later ✅ Follow us for real Bitcoin knowledge @bitintro . . . #bitintro #bitcoin #bitcoineducation #crypto #hodl #blockchain #bitcoinblockchain #transaction #kryptos #kryptowährungen #bitcoininvesting #bitcoinvalue (at Universität Salzburg) https://www.instagram.com/p/B_ScwKDnD5R/?igshid=1cszv0gecjk8m

[cryptswahili]

Vitalik Buterin Donates 300k USD to Crypto Startups Focused on Scaling Ethereum (ETH)

Vitalik Buterin surprised the crypto community after a seemingly sudden decision to make several $100K worth of ETH donations to various projects focused on the development of software solutions for the Ethereum network.

A Small Debate Sparked it All

The situation came after a debate via Twitter with Ameen Soleimani, CEO of SpankChain, who highlighted the need to work on the scalability and speed of this blockchain, which for almost its entire lifetime has been the most important blockchain after Bitcoin, being recently surpassed by Ripple (in terms of market cap).

To an answer from Mr. Buterin mentioning that the Ethereum development team was almost 100% close to completing a solution to the scalability problem with Ethereum 2.0, Soleimani made a series of comments suggesting the possibility that there could be faster advances if there were more collaborators outside the Ethereum team working on improving the blockchain.

In response to Soleimani’s reflections, Preston Van Loon of Prysmatic Labs made a comment pointing out that being a relatively small startup, they could not devote themselves entirely to working on developments for Ethereum as they had other projects to accomplish.

After this tweet, Vitalik simply decided to send 1000 ETH in support of the project because… YOLO

Just sent 1000 eth. Yolo.https://t.co/s1q8K5Wlhs

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

After making this donation, Paul Hauner, a developer at Lighthouse, wrote Vitalik a tweet commenting that the team could “certainly turn 1k ETH into more developers”. Vitalik Buterin responded by accepting the request and sent another 1000 ETH to the developer team.

Guess I have to

(Though precommitment: this is the last one)

Same instruction as to Mikerah: please put the address somewhere on https://t.co/gz5CS5usfn so I can verify you're not an evil hacker working for @northkoreadprk gov trying to *increase* the world's centralization

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

So, @VitalikButerin just contributed 1,000 ETH to #lighthouse development. We're very appreciative for this and will turn it into dev power!

We're going to progressively liquidate it into $$ as it is relatively stable compared to labor. Look forward to more Eth 2.0 progress! https://t.co/Vj1Ud4oGeA

— Paul Hauner (@paulhauner) December 19, 2018

Finally, Twitter user Mikerah decided to test his luck by telling Vitalik he would leave his studies at the University of Toronto to dedicate himself full-time to the development of Ethereum 2.0 with ChainSafe Systems if he received a similar donation, Vitalik also accepted.

Your website needs a donation address for the client!

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

Vitalik Buterin May Be Tweeting “YOLO”, But Perhaps Nobody Takes Ethereum More Seriously Than Him

In the end, Vitalik Buterin donated 300k USD to Ethereum. The benefited projects are focused on developing solutions to scale Ethereum.

The problem of scalability is of particular importance for this community precisely because of its popularity that makes it the preferred platform for the development of decentralized applications, despite the fact that other projects such as EOS and Tron claim to be much more efficient.

BTW… Vitalik did not give away any more ETH; however, given the number of users that asked him for donations, he decided to send some random altcoins too

Sent you 100 TPT: https://t.co/ttL6bNjBTB

No idea what TPT is, just some random coin I got airdropped for some reason. So you can keep it.

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

The post Vitalik Buterin Donates 300k USD to Crypto Startups Focused on Scaling Ethereum (ETH) appeared first on Ethereum World News.

[Telegram Channel | Original Article ]

[awesomeblockchain]

Understanding The Gold Rush of Scalable and Validated Data powered by Blockchain and Decentralized AIPS: To explain this topic, without making a huge headache to any reader, in this dissemination article, I had to simplify many concepts, but I added some links, at the end of each chapter, for those who want to immerse themselves in each topic.

Trustless through decentralizationRecently, there is a worldwide huge, i mean HUGE hype for the Blockchain technology, but how does this technology create value and for what does it make sense?

If we ask this question to a huge fan of Satoshi Nakamoto, he'll reply:

For the first time in human history, the Blockchain technology, allows to transact values from A to B, without having to trust institutions but trusting a democratic network, which is self-controlled through open-source algorithms.Which makes perfect sense and is proven by its market capitalization of ~$200 billion, sorry $250 Billion, OPS now $150 Billion. BTW, regardless price fluctuations, the Market Cap is huge, but, the purpose of this article is about what's next!

To understand the exponential growth in terms of values that this technology is making, we don't have to focus our attention on the technological factor of the blockchain itself, but on the values added by the means that every information is validated not by trusting to an entity, but through open source algorithms. Bitcoin for example is validating transactions with the -Proof Of Work", introducing the concept of transactions blocks replicated and shared by the entire network, without the possibility of editing or deleting the ledger.

Interesting links:

The Meaning of Decentralization | Vitalik ButerinOn Public and Private Blockchains | Vitalik ButerinBitcoin: A Peer-to-Peer Electronic Cash System | Satoshi NakamotoThe Impact of the Blockchain Goes Beyond Financial Services | Harvard Business ReviewBlockchain is Memory | Words that MattersELI5: What do we mean by -blockchains are trustless"? | Preethi KasireddyThe challenge to validate dataThe Blockchain technology makes sense for decentralize and validate informations thanks to its -Trustless" core. The main use case in the next years will be to move from decentralizing financial data [transactions] to decentralizing and validate the most valuable asset of this century, data.

Today, even if the hype is huge, the technology is in -Early Stage." During this technological wave, Blockchain technology makes sense for reinventing what the centralized technology has not disrupted yet, everything that has to be redesigned not only with frictionless ecosystems, big data or AI but with universally validated pieces of information, without the possibility of human manipulation.

In the Blockchain market, every centralized approach that we use today are not useful; this is why next unicorns of this technology will be driven by reinventing how we store values without intermediaries. This new technological era is called -Internet 3.0" or -Internet of values."

To decentralize data, unlike financial transactions, it is not only necessary to store every piece of information, but also to validate how we track and execute data. For example, when Vitalik Buterin started to build Ethereum, the challenge, was to develop a new Blockchain designed like an operating system.

On the Ethereum Network, like every OS, developers can run applications; each Application has to be decentralized into the Blockchain through Smart-Contracts where to execute functions every transaction have to call the entire Smart-Contract, the request, who made the call and the result.

With Blockchain technology currently it is impossible to create a high scalable application and at the same time obtain the added value of decentralization, due to several technological limits, the most important are:

Transactions per second: Bitcoin on average can sustain 3-7 transactions/s, Ethereum can support 12-20 transactions/s. To make a comparison a visa circuit needs 1,200 transactions/s and an application like Facebook more than 1,000,000 transactions/s

Transaction costs: A Bitcoin transaction costs roughly $ 2/7, an Ethereum transaction without running a smart contract costs about $ 0.3 / 0.8, these costs are unsustainable for an application that needs millions of transactions per second.

Network congestion: A fundamental problem is that all applications run on the same network, this leads to periods of congestion where transactions can increase tenfold as costs or even fail... Do you remember Crypto-Kitties?

Specific cases of use: Ethereum was designed to become a decentralized operating system for applications with general purposes, without focusing on particular functions, something like the state-of-the-art network in terms of decentralization and security, excluding a lot of use cases.

Interesting links:

Scaling Ethereum to Billions of Users | Fred EhrsamCrypto-Industry and Mass Adoption | The Fintech TimesHow Crypto-Kitties Disrupted the Ethereum Network | HackerNoonThe new age of DApps is here, and it's not based on Ethereum | HackerNoonEthereum: A Next-Generation Cryptocurrency and Decentralized Application Platform | Bitcoin MagazinePlasma and the Public Ethereum Chain | Joseph PoonThe first generation of Decentralized ApplicationsA lot of excellent teams are developing technologies to solve these problems and make possible the development of complex decentralized applications in the near future. The challenge to solve these problems is to scale the technology to the mass adoption and at the same time maintaining the -Trustless" standard.

The most adopted solution in last years is the DAG (Directed Acyclic Graph), like the Blockchain technology, DAG is a distributed ledger technology (DLT). In DAG networks, users that make transactions also manage the consensus, usually based on a quorum to reach 51% of participants.

This technology, even if infinitely scalable, is dangerous, because it 's manipulable, and the consensus is based the trust in the participants. What make Blockchain -Trustless", is the unique value of validating information through algorithms, with anonymous validators and a safety circuit based on economic disincentives to cheating the network.

Non-Blockchain DLT systems, such as DAGs, do not have validation through an algorithm, the problem is that in this early stage of Blockchain technology, people and organizations have a lot of friction to understand the Trustless Concept.

This misunderstanding is becoming more confusing, because a lot of companies, is speculating, driven by -the blockchain trend." In fact, a lot of Companies are selling non-Trustless solutions, like Private Blockchains (a confusing name for a shared database) or some DLT solutions, wrongly as Trustless Blockchains.

This trend is dangerous because if an organization start trusting something manipulable, the result could be a catastrophe in the long run.

Solutions like Raiden Network for Ethereum and Lighting Network for Bitcoin were born to solve network limits related to transactions per second and transactions costs without losing the security of a Blockchain network. Basically, these solutions are hybrid from Blockchain transactions and a DLT private network.

Protocols like Raiden, allows users to open a private distributed connection, where they could validate on the blockchain only the first and last transaction. The risks of fraud compared to a DAG are limited, but every middle transaction is not validated.

This solution can be useful for micro-payments and to scale manipulable and dynamic data.

A non-hybrid solution, to solve the problem of scalability, promoted by Ethereum is Plasma, a protocol for decentralizing federated blockchains. Federated Blockchains, used mainly in internal company protocols, are infinitely scalable but at the same time centralized, since they rely on a limited number of selected and non-anonymous validators.

Plasma offers developers the ability to create and customize their private Blockchain, through Smart Contract, with or without issuing a new Cryptocurrency and with or without federated validators. The Ethereum's Public Blockchain controls the Trustless in this solution, as parallelism: Ethereum is the -Supreme Court" and a private blockchain a -State."

Interesting links:

What's the difference between a distributed ledger and a blockchain? | BitsonblockPrimer on DLT's most famous prodigy - The Bitcoin Blockchain | TDTPDirected acyclic graph (DAG) | WikipediaLightning Protocol The Raiden Network: A Beginner's Guide | Spring RoleVitalik Buterin and Joseph Poon Produce Scalability Solution: The Plasma Framework | ETHNEWS'BLOCKCHAIN' IS MEANINGLESS | The VergeFrom a vertical Blockchain model to the InteroperabilityThe demand for the development of the first generation of decentralized applications is growing exponentially, this started a race to develop a scalable and Trustless technology.

In the last two years, a lot of innovative projects start to build technologies for testing new methods of Trustless validation, such as Casper, NEO or EOS, and new Blockchain technologies focused on specific use cases, such as IOT, Big Data, Hosting, etc.

This race has generated the concept of the third generation of Blockchain technology, focussed on the idea of -Interoperability."

The Interoperability concept, developed by projects such as AION, Polkadot and ICON, opens a new smart way to solve tech limits in Blockchain technology, introducing the idea of unstoppable applications that spoke through multiple Blockchains.

This solution is opening the way to the first real generation of complex decentralized applications, which can use the most performing blockchain technology for each function based on every kind of uses case. At the same time, this new approach can mitigate risks like being at the mercy of the congestion of a network or destroy an entire business due to a network defect.

The Interoperability infrastructure allows developers to create Decentralized Applications in a new smart way that I like to call -Blockchain as a Microservice."

The -BAAM" concept is similar to the way in which we create modern centralized applications with microservices based on dedicated and replaceable APIs for each function. In Dapp we will use many dedicated and replaceable Blockchains focused on specific needs to perform each task. This type of infrastructure will create an exponential research on the evolution of this technology, especially in the new Blockchain focused on specific use cases, without loosing the Trustless validation.

Interesting links:

Blockchain to blockchains: Broad adoption and integration enter the realm of the possible | DeloitteModels for Scaling Trustless Computation | Multicoin CapitalBlockchains Are Verticalizing, So We Need Interoperability | ForbesBlockchain Platforms: One Chain to rule them all? | HackerNoonArtificial intelligence, why without Blockchain is limited?In the Artificial Intelligence industry, another super-hyped tech field, the challenge is different but at the same time vast and complex. In this context the quantity and the quality of data are crucial, trusted on AI algorithms with manipulable data is dangerous for every kind of use cases.

The best results in the AI field are in closed and well-defined ecosystems, such as video games, where AI algorithms have beaten every world champions, even in DOTA 2, considered one of the most complex video game in the industry.

The AI ​​has achieved other good successes in fields like facial recognition, vocal recognition, image recognition, video recognition, translations or autonomous driving systems but with some percentages of error.

In open environments like social media or big data, AI's modern algorithms have performed less, or sometimes AI's results are dangerously wrong.

A scary example on how manipulable data, fake news and trolls could manipulate AI results was in 2016 on Twitter, Microsoft created a bot user, driven by AI algorithms, and after 24 hours start twitting that cultural minorities were to be killed and some other unpleasant statements.

Artificial intelligence makes sense, in environments with trusted data, and this concept is more important than the algorithms. AI-based system can really be helped by blockchain technology, to be trained in clean environments with validated and not manipulable data.

The concept of decentralized Artificial Intelligence is designed to solve the validation of AI's algorithms, a crucial point for decentralized applications and at the same time to validate both the data it takes and data it generates.

The decentralization of the artificial intelligence algorithms solves a further problem, the computational power necessary to process the algorithms and perform complex calculations. The computational power needed to run Machine Learning algorithms is expensive and available only for large companies. In a distributed computational power network, the costs will be reduced exponentially allowing every company to use algorithms for complex calculations.

One of the most ambitious projects to decentralize artificial intelligence is SingularityNet, which uses Blockchain technology to decentralize artificial intelligence algorithms and at the same time a marketplace of AI to incentive developers and Data exchange.

Interesting links:

The Effects of Data Quality on Machine Learning Algorithms | MITData Quality in the era of A.I. | Towards Data ScienceWhite Paper | SingularityNetWhy could AI be the heart of the validation process for Blockchain?AI in Blockchain technology can solve the dramatic problem of validation techniques.

The Proof of Work creates economic disincentives to fraud the network for validators (Miners) when they are solving complicated problems of decryption in exchange for cryptocurrencies. This Trustless methodology is based on the costs of the consumption of GPUs and electricity, making it unsustainable in terms of environmental impact and scalability, because it becomes more expensive for every validated block.

The current most trusted solution to solve the limits of the Proof of Work, promoted by Ethereum, is Casper. The concept is that a validator must block some cryptocurrencies (the stake), the Stake becomes its voting power, and if it tries to defraud the network, the validator loses the entire Stake. Casper discourage validators to fraud the network by burning their Crypto-Tokens rather than with high electricity/GPU's costs.

Casper is a consensus method in the category of Proof of Stake algorithms. Another interesting POS method is the Delegated Proof of Stake (DPOS) developed by Daniel Larimer and the core of Bitshares, Steam it, EOS, and some other projects.

The DPOS validators are not disincentivized by burning their Tokens, but in contrary by incentives to be honest in the long-run. The POS allow Blockchain networks to scale and be more sustainable, but in the long-run, this consensus method is dangerous, because can generate a lobby of high stacked validators, with an enormous decision potential centralizing the network.

One of the most impressive consensus algorithms, promoted by AION and it's called -Proof of Intelligence" which is similar to the Proof of Work but based on artificial intelligence.

This concept allows validators to use their computational power by training an AI to solve complex mathematical problems; this shared AI can solve cryptographic problems faster than a single miner in the POW. In the POI the shared AI continues to improve its solving skills, so when cryptographic difficulties increase, validators don't need to spend more in therm of their computational power.

Interesting links:

The convergence of AI and Blockchain: what's the deal? | MediumWhite Paper | AION NetworkCasper as an EOS Contract | Daniel LarimerA Proof of Stake Design Philosophy | Vitalik ButerinOn Settlement Finality | Vitalik ButerinThe Trustless data valueThe real opportunity behind this technological challenge is the inestimable value that decentralized data and decentralized communities will have in the upcoming decade. The future of the merger of AI and blockchain technologies will be an interconnected internet of validated data, where both providers and users will be encouraged to use the most decentralized and validated platforms possible, because the value of their data will be calculated through how the data are tracked and validated with a continuous exchange, something like a -Validated Data Economy".

For this purpose there is already a race to find the best method to calculate that, through projects like Nebulas. Who'll win this race will become the google and the exchange of decentralized data.

The motivation that is pushing this technology to a supersonic speed in terms of research, development, innovation and ideas, is an exponential economic advantage given by the use of Utility Tokens, crypto assets dedicated to projects, this new non-financial value is solving one of the biggest problem that the tech industry has today.

In the Technology Industry, the capitalization of a company is driven by intangible assets such as communities, algorithms, partnerships, and data. All of the methodologies that we use today to calculate these assets are rudimentary.

The Utility Tokens, without any connections to financial assets or speculative instruments, if it used as the key to interacting with the technology and data of tech products, can become a validated valuation tool for these intangible assets, based on their capitalization driven only by supply and demand in the market.

For example, if we have to calculate the value of data of a social network like Facebook, we wouldn't have a scientific and validated model.

If Facebook would create some interaction's tools with its database and the only way to access to this informations would be the Facebook cryptocurrency, the Market Capitalization of that Token, driven by supply and demand, could be a trusted and validated valuation of this social network's data.

This new tool is a revolution for the tech industry, as well as the reason why the race to validated data will be the fundamental element of the multi-billion dollar companies of this technological wave.

Interesting links:

White Paper | NebulasThink like the SEC before you ICO | HackerNoonStatement on Cryptocurrencies and Initial Coin Offerings | SEC.govQuantifying Decentralization | MediumFrom Vitalik Buterin:

-This, basically, is tokens 1.0. There are some good ideas, there are a lot of very bad ideas, and there's a lot of very, very bad ideas, and quite a few scams as well. I expect that tokens 2.0 and the kinds of things that people will start building in 2018 and 2019 will generally be of substantially higher quality. Especially once we start seeing what the consequences of the first wave of tokens are in the medium-to-longer term ... What is a good role for them and what is a role that doesn't really make sense?"

http://ift.tt/2IgMgfE