#how does blockchain work

[phptutspoints]

Blockchain Technology: The Future of Secure and Efficient Data Sharing

Blockchain Technology: The Future of Secure and Efficient Data Sharing Blockchain is a distributed ledger system that records transactions in a way that is chronologically ordered and tamper-proof. #php #phptutorial #phptutorialpoints #webdevelopment #webdevelopmenttutorial #blockchain #blockchaintechnology #cryptocurrency

In this article, we’ll know about Blockchain Technology. In an era marked by digital transformation and data-driven economies, blockchain technology has emerged as a remarkable innovation that promises to revolutionize various sectors. Beyond its association with cryptocurrencies, blockchain presents a paradigm shift towards decentralized systems, empowering individuals, organizations, and even…

[sageerkitech]

How does cryptocurrency work on blockchain technology

Digital tokens are called cryptocurrencies. These are a particular kind of virtual money that enables direct online payments between users. Cryptocurrencies are only worth what consumers are willing to pay for them on the open market; they have no set legal or inherent value. National currencies, on the other hand, derive some of their value from being recognised by law as legal tender. There are…

[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....

[lifefactsstuff-blog]

What Is blockchain and How Does It Work?

What Is Blockchain and How Does It Work? Blockchain technology has emerged as a revolutionary concept with the potential to transform various industries. At its core, blockchain is a decentralized and secure digital ledger that records transactions across a network of computers. This ledger consists of a chain of blocks, each containing a set of transactions. What sets blockchain apart is its…

[empresa-journal]

Can Ternoa (CAPS) make money from an NFT-Centric Blockchain?

They call Ternoa (CAPS) the first NFT-Centric blockchain and NFT-dedicated blockchain.   For example, Ternoa makes nonfungible tokens (NFTs) into containers for the storage of art and intellectual property.. They claim owners can access NFT content through Ternoa’s blockchain. Moreover, users can merge and divide NFTs in Ternoa’s blockchain. An NFT-Dedicated Blockchain Plus, they claim,…

[housesofinvestors]

What is Cryptocurrency and How It Works?

Introduction

What is Cryptocurrency? – Cryptocurrency is a digital currency which is free for everyone to use. Cryptocurrency has two types, the first is utility token and another one is security token. Utility tokens work as a medium of exchange and these provide access to a product or service. Security tokens work as an investment contract where the owner expects to earn a profit by selling the tokens at a higher price in the future. There are limited bitcoins that can be generated and this number is 21million only so you can say that there will be more demand for bitcoins and its value will also increase gradually over time due to inflation in paper currencies like Dollar, Pound etc..

Cryptocurrency is a digital currency which is free for everyone to use

Cryptocurrency is a digital currency which is free for everyone to use. It’s decentralized, meaning it doesn’t have any central authority and can be spent anywhere in the world without restrictions. For example, bitcoin can be used as a method of payment online or at your local shop without any issues.

Cryptocurrency uses cryptography to secure transactions and control the creation of new units (coins). Cryptocurrencies are not controlled by any government or bank; they are not issued by an entity but rather shared among users who contribute resources such as processing power through proof-of-work algorithms. This means that cryptocurrencies are created out of thin air during mining processes where miners compete against each other using computers’ processing power towards solving complex math problems which require more than just one computer but thousands of them working together simultaneously!

Cryptocurrencies like bitcoin have grown massively since their inception due to their ability for anonymity but also because they’re secure from fraudsters trying steal your money through hacking attempts etcetera…

Cryptocurrency has two types, the first is utility token and another one is security token

You may have heard of cryptocurrencies, but you know what exactly is it? Cryptocurrency is a digital asset that uses cryptography for security. It can be used to exchange value, store savings and make payments. Cryptocurrency has two types: utility tokens and security tokens.

Utility tokens are used as a medium of exchange in decentralized applications (DApps). They provide access to a product or service on the blockchain ecosystem. An example would be Theta Token which enables viewers to earn rewards while watching videos on YouTube using its smart contract technology.* Security tokens are assets used as investment contracts in traditional financial markets like stocks and bonds.* Utility tokens can be used to access products/services within an ecosystem whereas security tokens enable investors to trade them for profits or losses based on market conditions

Cryptocurrency has many types i.e. Bitcoin, Litecoin, Ripple, Ethereum, Tether etc.

There are many types of cryptocurrencies, each with its own characteristics and uses. The first cryptocurrency was invented in 2009 by Satoshi Nakamoto, and it named bitcoin.

Bitcoin is the most well-known cryptocurrency today because it’s the first cryptocurrency and has been around for a long time—since 2009! It has many benefits over other types of digital currencies like Litecoin (which came out in 2011) or Ethereum (which came out in 2015). For example, Bitcoin can be used anywhere you go online to buy goods or services; however this isn’t always true for Litecoin or Tether. The prices fluctuate depending on supply and demand for each type of coin so make sure you research before investing!

Utility tokens work as a medium of exchange and these provide access to a product or service

Utility tokens are used as a medium of exchange and these provide access to a product or service. They can be used to buy goods and services in the real world, but they’re not intended to be used as an investment.

The term “utility token” is often used to describe a cryptocurrency that has value because it can be exchanged for some type of product or service at a future date.

Security tokens work as an investment contract where the owner expects to earn a profit by selling the tokens at a higher price in the future

Security tokens are backed by real assets. They’re regulated by the government, which means that they can be trusted.

Security tokens are not available for everyone to buy and own, but they are more secure than utility tokens because they’re backed by real assets.

There are limited bitcoins that can be generated and this number is 21million only so you can say that there will be more demand for bitcoins and its value will also increase gradually over time due to inflation in paper currencies like Dollar, Pound etc.

Bitcoin is a digital currency, the first decentralized cryptocurrency and payment network.

Bitcoin is not controlled by any central authority and it does not rely on any single entity for its creation or operation. Instead, it uses peer-to-peer technology to operate with no central authority whatsoever: managing transactions and issuing money are carried out collectively by the network of users across the globe.

In 2009, Satoshi Nakamoto published bitcoin specification and proofs of concept under the pseudonym. Satoshi Nakamoto mined the first block of bitcoins ever (known as the genesis block) with a reward of 50 bitcoins, which created the bitcoin network.

Cryptocurrency is an alternative to traditional money and the best thing about cryptocurrency is that transactions are secure and you can’t easily hack it and steal the funds from your wallet but you have to be careful about your private keys otherwise you may lose your funds forever

Cryptocurrency is a digital currency which uses cryptography to secure the transactions and control the creation of new units. The first cryptocurrency to be created was Bitcoin in 2009, followed by many others such as Ethereum and Litecoin.

Cryptocurrency is free for everyone to use because it doesn’t require any registration or identification process like other financial services do, so anyone can start using it instantly without spending any money on buying an account or anything else. There are two types of cryptocurrencies: utility token and security token which will be discussed later on in this article

Cryptocurrency is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently from a central bank. The first cryptocurrency to be created was Bitcoin in 2009, followed by many others such as Ethereum and Litecoin.

Conclusion

Many experts think that cryptocurrencies could replace fiat money altogether because they’re faster and cheaper than traditional payment methods like wire transfers or checks; they also don’t require any third party verification since they are decentralized (meaning there’s no central authority that controls them). The main downside of using cryptocurrency instead of money issued by central banks is that its value fluctuates daily depending on supply-and-demand shifts related to demand for goods such as oil futures contracts which tend to fluctuate up-and-down each day while Bitcoin has been relatively stable over time due mainly because it has been around longer than most other altcoins!!

[artechway]

Blockchain Technology and how does it work | Cryptocurrency

Blockchainis a type of distributed database, also known as a ledger. This ledger is shared among the nodes of a compute network. A Blockchain Technology stores information electronically in digital form. The ledger of any blockchain network is immutable, so it’s more secure to store the record of data.

The distinction between a database and a blockchain is that the former is structured. A blockchain collects the data in groups called “blocks.” The data is stored in blocks. Blocks store data in specific storage, and when they are full, they are linked with previously filled blocks, forming a data chain. This is called a blockchain. Many different types of information are stored in the blockchain, but the most common is ledger or transaction data.

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[lackadaisycats]

Hey Tracy! Have you heard about the new Ai called Sora? Apparently it can now create 2D and 3D animations as well as hyper realistic videos. I’ve been getting into animation and trying to improve my art for years since I was 7, but now seeing that anyone can create animation/works in just a mare seconds by typing in a couple words, it’s such a huge slap in the face to people who actually put the time and effort into their works and it’s so discouraging! And it has me worried about what’s going to happen next for artists and many others, as-well. There’s already generated voices, generated works stolen from actual artists, generated music, and now this! It’s just so scary that it’s coming this far. 

Yeah, I've seen it. And yeah, it feels like the universe has taken on a 'fuck you in particular' attitude toward artists the past few years. A lot of damage has already been done, and there are plenty of reasons for concern, but bear in mind that we don't know how this will play out yet. Be astute, be justifiably angry, but don't let despair take over. --------

One would expect that the promo clips that have been dropping lately represent some of the best of the best-looking stuff they've been able to produce. And it's only good-looking on an extremely superficial level. It's still riddled with problems if you spend even a moment observing. And I rather suspect, prior to a whole lot of frustrated iteration, most prompts are still going to get you camera-sickness inducing, wibbly-wobbly nonsense with a side of body horror.

Will the tech ultimately get 'smarter' than that and address the array of typical AI giveaways? Maybe. Probably, even. Does that mean it'll be viable in quite the way it's being marketed, more or less as a human-replacer? Well…

A lot of this is hype, and hype is meant to drive up the perceived value of the tech. Executives will rush to be early adopters without a lot of due diligence or forethought because grabbing it first like a dazzled chimp and holding up like a prize ape-rock makes them look like bleeding-edge tech geniuses in their particular ecosystem. They do this because, in turn, that perceived value may make their company profile and valuations go up too, which makes shareholders short-term happy (the only kind of happy they know). The problem is how much actual functional value will it have? And how long does it last? Much of it is the same routine we were seeing with blockchain a few years ago: number go up. Number go up always! Unrealistic, unsustainable forever-growth must be guaranteed in this economic clime. If you can lay off all of your people and replace them with AI, number goes up big and never stops, right?

I have some doubts. ----------------------

The chips also haven't landed yet with regards to the legality of all of this. Will these adopters ultimately be able to copyright any of this output trained on datasets comprised of stolen work? Can computer-made art even be copyrighted at all? How much of a human touch will be required to make something copyright-able? I don't know yet. Neither do the hype team or the early adopters.

Does that mean the tech will be used but will have to be retrained on the adopter's proprietary data? Yeah, maybe. That'd be a somewhat better outcome, at least. It still means human artists make specific things for the machine to learn from. (Watch out for businesses that use 'ethical' as a buzzword to gloss over how many people they've let go from their jobs, though.)

Will it become industry standard practice to do things this way? Maybe. Will it still require an artist's sensbilities and oversignt to plan and curate and fix the results so that it doesn't come across like pure AI trash? Yeah, I think that's pretty likely.

If it becomes standard practice, will it become samey, and self-referential and ultimately an emblem of doing things the cookie-cutter way instead of enlisting real, human artists? Quite possibly.

If it becomes standard industry practice, will there still be an audience or a demand or a desire for art made by human artists? Yes, almost certainly. With every leap of technology, that has remained the case. ------------------ TL;DR Version:

I'm not saying with any certainty that this AI blitz is a passing fad. I think we're likely to experience a torrential amount of generative art, video, voice, music, programming, and text in the coming years, in fact, and it will probably irrevocably change the layout of the career terrain. But I wouldn't be surprised if it was being overhyped as a business strategy right now. And I don't think the immensity of its volume will ever overcome its inherent emptiness.

What I am certain of is that it will not eliminate the innate human impulse to create. Nor the desire to experience art made by a fellow soul. Keep doing your thing, Anon. It's precious. It's authentic. It will be all the more special because it will have come from you, a human.

[what-eats-owls]

a point about the IA situation that I cannot make on twitter without death threats

Like many authors, I have complicated feelings about the IA lawsuit. IA has a whole raft of incredibly invaluable services, that's not in dispute. The current eBook licensing structure is also clearly not sustainable. Neither was IA's National Emergency Library, which was unrestricted lending of unlicensed digital copies. There are some thoughtful posts about how their argument to authors, "you'll be paid in exposure," is not especially compelling.

But I'm not here to discuss that; I'm here to talk about the licensing. TL;DR I don't want my work being fed into an AI or put on the blockchain, and to enforce that, you need a license.

So, here's the thing. IA's argument for the NEL boils down to "if we possess a physical copy of the book we should be able to do what we want" and that's frankly unserious. (Compare: Crypto Bros who thought spending $3 million on a single copy of a Dune artbook meant they owned the copyright.) Their claim is that by scanning a physical copy of the book and compiling the scans into a digital edition, that is sufficiently transformative to be considered fair use.

What that gives them is something that functions almost identically to an eBook, without the limitations (or financial obligations) of an eBook license. And I'm sure some of you are thinking, "so what, you lose six cents, get over yourself," but this isn't actually about the money. It's about what they can do with the scans.

A license grants them the right to use the work in specific, limited ways. It also bars them from using it in ways that aren't prescribed.

For example, what if IA decides to expand their current blockchain projects and commit their scanned book collections to the blockchain "for preservation"? Or what if IA decides to let AI scrapers train on the scanned text? One of their archivists sees AI art as a "toy" and "fears [AI art] will be scorned by the industry's gatekeeping types."

Bluntly, an unlicensed, unrestricted collection seems to be what they're gunning for. (Wonky but informative thread from a lawyer with a focus on IP; this cuts to the pertinent part, but the whole thing's good reading.) The Authors Guild is in no way unbiased here, but in the fifth paragraph of this press release, they claim that they offered to help IA work out a licensing agreement back in 2017, and got stonewalled. (They also repeat this claim on Twitter here.)

At the end of the day, I don't want the IA to fold; I don't think anyone does. As a matter of fact, I'd be open to offering them an extremely cheap license for Controlled Digital Lending. (And revamping eBook library licensing while we're at it.) I think there's a lot of opportunity for everyone to win there. But IA needs to recognize that licenses exist for a reason, not just as a cash grab, and authors have the right to say how their work is used, just like any artist.

[shveris]

incorrect quotes collection, part 3

today i bring you: things that definitely happened in the canon (trust me i'm gege's pc)

part 1 part 2

megumi: any room can be a panic room if you’d just give me a fucking second

sukuna, during the heian period: i was born for politics. i have great hair and i love lying

noritoshi: poison is a magic transmutation potion that turns people into corpses

miwa: this katana is actually a magic wand

momo: meet me in the inageya parking lot for a wizard duel

mai: *cocks gun* magic missile

kokichi: what the fuck is wrong with you people

yuuji: do you guys hear something?

sukuna: i hear the sound of you shutting the fuck up

satoru: what does 'take out' mean?

shoko: murder

haibara: dating

nanami: food

suguru: it can mean all three if you’re not a coward

shoko, on the phone with suguru: they’re in the kitchen again

satoru, in the background: “beat 3 eggs”… in what? hand to hand combat?

haibara, in the background: must be since nanami banned technique usage in the kitchen last thursday, remember?

suguru: gET THEM OUT OF THERE

megumi: goddamn it, the printer broke while printing out yuuji’s birthday invitations

maki: well, what are they supposed to say

megumi: “yuuji’s birthday”

panda: what do they say instead?

megumi: “yuuji's bi”

toge:

nobara: works out either way

sukuna: do you prefer gendered terms?

yuuji: i guess so

sukuna: fuck you

yuuji: where was the gendered term?

sukuna: in your mom

yuuji:

yuuji: my mom got dicked down by your twin which you ate in the womb

sukuna:

satoru: goodness me, it’s the perfect day for our hiking trip! bless mother nature

megumi, out of breath: mother nature is a WHORE

yuuji: what’s up guys? i’m back

megumi: what the- you can’t be here. you’re dead. i literally saw you die

sukuna: death is a social construct

satoru: died and came back as a cowboy, i call that reintarnation

nobara: wow, i don’t even get the joke but it sounds funny

megumi: that’s nOT. THE. FUCKING. POINT.

nobara: what the fuck yuuji, what are you doing here!?

yuuji: i missed you guys!

megumi: you just survived a car crash

nobara: the doctors said you have internal bleeding

yuuji: yeah, and? isn’t that where blood’s supposed to be?

megumi: i need to sit down…

these two are how yuuji's comeback should've went...

shoko: yeah, i'll smoke a joint tonight, but let's not get too crazy

*4 hours forward to shoko, suguru and satoru getting arrested for blocking the main road in large traffic cone costumes*

nobara: the only thing i'm guilty of is being gorgeous… and also assault with a hammer

satoru, on the night of the war delcaration: suguru, i’m sorry. i can’t keep seeing you anymore

suguru: no shit, you’re always wearing that blindfold

satoru: suguru… no…

nanami: gojo, we have a problem

satoru: what, the fire?

nanami: no, the- wait, what fire?

satoru: oh forget about it, this sounds more interesting

shoko: that was a joke. say ha

nanami: ha

shoko: now do it again

nanami: ha

shoko: congratulations, you are officially the life of the party

satoru: i would let you ruin my life

suguru: sorry, i’m busy ruining my own. you’ll have to wait

satoru, turning to suguru: my dick stopped breathing. it’s in desperate need of cpr

suguru: you’re in desperate need of a beating

shoko: or a lobotomy

suguru: both

shoko: if the beating is hard enough, it’ll count as a lobotomy

satoru: i always knew you guys were homophobic

satoru: none of those words are in the bible

shoko: psalm 119:105. “and jesus said unto his followers, should a manlet incel attempt to mansplain the blockchain to a girlboss, may she waste his time and yassify his blorbos”

suguru: he did not fucking say that

megumi: i taught my dog a new trick *throws ball* fetch!

dog: *just stands there*

noabara: he didn’t do it

megumi: that's because i taught him to ignore social conventions and think for himself

suguru: i’d kill someone if you asked me to

satoru: i’m pretty sure you’d kill someone even if i didn’t ask you to

megumi: if bees can be fish and boys can be girls, then why did my dad sell me to the zen'in clan?

nobara: i thought i was going to have to yell at you, but now i think i should hug you

sukuna, on yuuji's cheek: the real secret to immortality? not dying. you want to be immortal? okay, that’s easy. just don’t die. that’s it. refuse to die. there you go.

yuuji: but how-

sukuna, ignoring him: “but how” you may ask. well, easy. just don’t do it. refuse to. say “no, fuck you”

nobara: i'm not creepy

nobara: i'm petty

nobara: there's a difference, ya know

waiter: what would you like?

yuuji: a milkshake with two straws

megumi: *blushes*

yuuji: *puts both straws in his mouth* watch how fast i can drink this!

haibara: ieri-san, is that my mug you’re drinking out of?

shoko: no, it’s mine

haibara: it… looks just like the one i have…

shoko: you don’t have one like this anymore

megumi: i'm a witch. i mixed some herbs and crystals together and now all my shikigami know the f-word

nobara: which one?

megumi: what do you mean?

nobara: there's more than one f-word

yuuji, entring the room: you talkin' 'bout faggots?

megumi: why would we talk about cigarettes?

sukuna: i'll offer you some friendly advice-

yuuji: i don't want your advice

sukuna: well, then consider it unfriendly advice

jjk manga ends in 30 days which means i'm gonna nap on the highway after that last chapter drops :muscle:

[sageerkitech]

How does cryptocurrency work on blockchain technology

Digital tokens are called cryptocurrencies. These are a particular kind of virtual money that enables direct online payments between users. Cryptocurrencies are only worth what consumers are willing to pay for them on the open market; they have no set legal or inherent value. National currencies, on the other hand, derive some of their value from being recognised by law as legal tender. There are…

[intelisync]

Liquid Staking for Novices: A 2024 Introductory Guide

Unlock the full potential of your cryptocurrency investments with liquid staking, where liquidity meets profitability.

Liquid staking is transforming the cryptocurrency landscape by offering a solution to the liquidity problem associated with traditional staking. By issuing Liquid Staking Tokens (LSTs), this innovative approach allows users to stake their assets while retaining the ability to trade or use these tokens in various DeFi protocols. This dual benefit of earning staking rewards and maintaining liquidity makes liquid staking an appealing option for investors, particularly those involved with major cryptocurrencies like Ethereum and Solana.

Liquid staking is transforming the cryptocurrency landscape by offering a solution to the liquidity problem associated with traditional staking. By issuing Liquid Staking Tokens (LSTs), this innovative approach allows users to stake their assets while retaining the ability to trade or use these tokens in various DeFi protocols.

This dual benefit of earning staking rewards and maintaining liquidity makes liquid staking an appealing option for investors, particularly those involved with major cryptocurrencies like Ethereum and Solana.

The process of liquid staking involves depositing cryptocurrency into a staking contract, which then issues a liquid staking token representing the staked assets. These tokens can be utilized in decentralized exchanges, lending platforms, and yield farming protocols, providing users with the flexibility to optimize their investment strategies. This increased liquidity and flexibility allow users to respond quickly to market changes and new investment opportunities, making liquid staking a valuable tool in the crypto ecosystem.

Despite its benefits, liquid staking presents certain challenges, including the risk of validator penalties and smart contract vulnerabilities. Additionally, the regulatory environment for cryptocurrencies is continuously changing, which may impact staking practices. Nonetheless, liquid staking is poised to play a pivotal role in the future of blockchain finance, enhancing the value of crypto assets through improved accessibility and liquidity. Intelisync offers tailored blockchain solutions, including liquid staking, to help businesses Learn more.....

[mostlysignssomeportents]

The Collective Intelligence Institute

History is written by the winners, which is why Luddite is a slur meaning “technophobe” and not a badge of honor meaning, “Person who goes beyond asking what technology does, to asking who it does it for and who it does it to.”

https://locusmag.com/2022/01/cory-doctorow-science-fiction-is-a-luddite-literature/

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/02/07/full-stack-luddites/#subsidiarity

Luddites weren’t anti-machine activists, they were pro-worker advocates, who believed that the spoils of automation shouldn’t automatically be allocated to the bosses who skimmed the profits from their labor and spent them on machines that put them out of a job. There is no empirical right answer about who should benefit from automation, only social contestation, which includes all the things that desperate people whose access to food, shelter and comfort are threatened might do, such as smashing looms and torching factories.

The question of who should benefit from automation is always urgent, and it’s also always up for grabs. Automation can deepen and reinforce unfair arrangements, or it can upend them. No one came off a mountain with two stone tablets reading “Thy machines shall condemn labor to the scrapheap of the history while capital amasses more wealth and power.” We get to choose.

Capital’s greatest weapon in this battle is inevitabilism, sometimes called “capitalist realism,” summed up with Frederic Jameson’s famous quote “It’s easier to imagine the end of the world than the end of capitalism” (often misattributed to Žižek). A simpler formulation can be found in the doctrine of Margaret Thatcher: “There Is No Alternative,” or even Dante’s “Abandon hope all ye who enter here.”

Hope — alternatives — lies in reviving our structural imagination, thinking through other ways of managing our collective future. Last May, Wired published a brilliant article that did just that, by Divya Siddarth, Danielle Allen and E. Glen Weyl:

https://www.wired.com/story/web3-blockchain-decentralization-governance/

That article, “The Web3 Decentralization Debate Is Focused on the Wrong Question,” set forth a taxonomy of decentralization, exploring ways that power could be distributed, checked, and shared. It went beyond blockchains and hyperspeculative, Ponzi-prone “mechanism design,” prompting me to subtitle my analysis “Not all who decentralize are bros”:

https://pluralistic.net/2022/05/12/crypto-means-cryptography/#p2p-rides-again

That article was just one installment in a long, ongoing project by the authors. Now, Siddarth has teamed up with Saffron Huang to launch the Collective Intelligence project, “an incubator for new governance models for transformative technology.”

https://cip.org/whitepaper

The Collective Intelligence Project’s research focus is “collective intelligence capabilities: decision-making technologies, processes, and institutions that expand a group’s capacity to construct and cooperate towards shared goals.” That is, asking more than how automation works, but who it should work for.

Collective Intelligence institutions include “markets…nation-state democracy…global governance institutions and transnational corporations, standards-setting organizations and judicial courts, the decision structures of universities, startups, and nonprofits.” All of these institutions let two or more people collaborate, which is to say, it lets us do superhuman things — things that transcend the limitations of the lone individual.

Our institutions are failing us. Confidence in democracy is in decline, and democratic states have failed to coordinate to solve urgent crises, like the climate emergency. Markets are also failing us, “flatten[ing] complex values in favor of over-optimizing for cost, profit, or share price.”

Neither traditional voting systems nor speculative markets are up to the task of steering our emerging, transformative technologies — neither machine learning, nor bioengineering, nor labor automation. Hence the mission of CIP: “Humans created our current CI systems to help achieve collective goals. We can remake them.”

The plan to do this is in two phases:

Value elicitation: “ways to develop scalable processes for surfacing and combining group beliefs, goals, values, and preferences.” Think of tools like Pol.is, which Taiwan uses to identify ideas that have the broadest consensus, not just the most active engagement.

Remake technology institutions: “technology development beyond the existing options of non-profit, VC-funded startup, or academic project.” Practically, that’s developing tools and models for “decentralized governance and metagovernance, internet standards-setting,” and consortia.

The founders pose this as a solution to “The Transformative Technology Trilemma” — that is, the supposed need to trade off between participation, progress and safety.

This trilemma usually yields one of three unsatisfactory outcomes:

Capitalist Acceleration: “Sacrificing safety for progress while maintaining basic participation.” Think of private-sector geoengineering, CRISPR experimentation, or deployment of machine learning tools. AKA “bro shit.”

Authoritarian Technocracy: “Sacrificing participation for progress while maintaining basic safety.” Think of the vulnerable world hypothesis weirdos who advocate for universal, total surveillance to prevent “runaway AI,” or, of course, the Chinese technocratic system.

Shared Stagnation: “Sacrificing progress for participation while maintaining basic safety.” A drive for local control above transnational coordination, unwarranted skepticism of useful technologies (AKA “What the Luddites are unfairly accused of”).

The Institute’s goal is to chart a fourth path, which seeks out the best parts of all three outcomes, while leaving behind their flaws. This includes deliberative democracy tools like sortition and assemblies, backed by transparent machine learning tools that help surface broadly held views from within a community, not just the views held by the loudest participants.

This dovetails into creating new tech development institutions to replace the default, venture-backed startup for “societally-consequential, infrastructural projects,” including public benefit companies, focused research organizations, perpetual purpose trusts, co-ops, etc.

It’s a view I find compelling, personally, enough so that I have joined the organization as a volunteer advisor.

This vision resembles the watershed groups in Ruthanna Emrys’s spectacular “Half-Built Garden,” which was one of the most inspiring novels I read last year (a far better source of stfnal inspo than the technocratic fantasies of the “Golden Age”):

https://pluralistic.net/2022/07/26/aislands/#dead-ringers

And it revives the long-dormant, utterly necessary spirit of the Luddites, which you can learn a lot more about in Brian Merchant’s forthcoming, magesterial “Blood In the Machine: The Origins of the Rebellion Against Big Tech”:

https://www.littlebrown.com/titles/brian-merchant/blood-in-the-machine/9780316487740/

This week (Feb 8–17), I’ll be in Australia, touring my book Chokepoint Capitalism with my co-author, Rebecca Giblin. We’ll be in Brisbane tomorrow (Feb 8), and then we’re doing a remote event for NZ on Feb 9. Next are Melbourne, Sydney and Canberra. I hope to see you!

[Image ID: An old Ace Double paperback. The cover illustration has been replaced with an 18th century illustration depicting a giant Ned Ludd leading an army of Luddites who have just torched a factory. The cover text reads: 'The Luddites. Smashing looms was their tactic, not their goal.']

[erc20tokengenerator]

ERC20 token generator

Ever wanted to create your own cryptocurrency? Thanks to the ERC20 Token Generator, it’s more accessible than ever. Dive into the world of blockchain and see how simple it can be.

What is an ERC20 Token?

ERC20 tokens are digital assets built on the Ethereum blockchain. They follow a specific standard, allowing them to interact seamlessly with platforms and other tokens.

Benefits of ERC20 Tokens:

Interoperability: All ERC20 tokens adhere to the same protocol.

Widespread Acceptance: Many platforms on Ethereum support these tokens.

Developer Support: Extensive documentation and community support.

How Does the ERC20 Token Generator Work?

Creating a token might sound complex, but the ERC20 Token Generator simplifies the process. Here’s a step-by-step guide:

Define Your Token:

Choose a name and symbol.

Set the total supply.

Access the Generator:

Use online tools designed for token creation.

Input your token details.

Deploy to the Blockchain:

Confirm your details.

Launch your token on the Ethereum network.

Key Features of ERC20 Tokens

These tokens offer various features that make them attractive for both developers and investors:

Standardized Functions: Such as balance checking and transfers.

Smart Contract Integration: Seamlessly integrate with smart contracts.

Security: Built on the robust Ethereum blockchain.

Why Create an ERC20 Token?

Creating your own token can offer several advantages:

Fundraising: Launch your own ICO (Initial Coin Offering).

Community Building: Reward loyal customers or followers.

Innovation: Develop new applications and uses for blockchain.

Potential Challenges

Despite the ease of creation, there are challenges:

Technical Knowledge: Basic understanding of blockchain is required.

Security Risks: Vulnerabilities can lead to exploitation.

Regulatory Issues: Compliance with local laws is crucial.

Best Practices for Creating ERC20 Tokens

To ensure success, follow these guidelines:

Audit Your Code: Ensure there are no security loopholes.

Engage with the Community: Gather feedback and make improvements.

Stay Informed: Keep up with blockchain trends and regulations.

Conclusion

The ERC20 Token Generator opens doors to the exciting world of cryptocurrency creation. Whether you're an entrepreneur, developer, or enthusiast, it offers an innovative way to engage with blockchain technology.

Final Thoughts

Creating an ERC20 token can be a game-changer. It empowers you to participate in the digital economy and experiment with new ideas.

FAQs

1. What is an ERC20 Token Generator?

An ERC20 Token Generator is a tool that simplifies the creation of custom tokens on the Ethereum blockchain.

2. Is technical knowledge necessary to create a token?

Basic blockchain understanding is helpful, but many generators offer user-friendly interfaces.

3. Can I sell my ERC20 tokens?

Yes, you can list them on cryptocurrency exchanges or sell directly to users.

4. Are there costs associated with creating a token?

Yes, deploying tokens on Ethereum requires gas fees, paid in Ether.

5. How do I ensure my token is secure?

Regular code audits and following best practices can enhance security.

Source : https://www.altcoinator.com/