Bitcoin Enables Sovereign Individuality, Our Digital Future’s Holy Grail
Decentralizing technologies like Bitcoin are critical for individual sovereignty in our digital future.Whether it's how people live, their ability to travel to different places or how assets are all completely digitized, the world is swiftly changing. In the cryptocurrency industry, we operate in an entirely digital format while many of us strive to maintain privacy and preserve the sovereignty of the individual. This means not only the sovereignty of one’s assets, but also the sovereignty of how you work, where you work, where you live and what you live for. My favorite book is “The....
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Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among other options, are “problematic.”
‘Holy Grail’ of Cross-Border Payments in Reach Through CBDC, European Central Bank Insists
Cross-border payments should be immediate, cheap, universal, and settled in a secure medium, the European Central Bank remarks in a....
NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboard and empower users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it?On Aug. 2, NFT....
Seattle-based bitcoin wallet iPayYou has announced the launch of Bitcoin Direct to Starbucks, giving users and coffee lovers a new and easy way to pay with the digital currency. Through the use of the new feature users of iPayYou can simply transfer bitcoin from their wallet to their Starbucks mobile app. Speaking to CCN, Gene Kavner, founder and CEO of iPayYou, said that they are always looking for ways in which consumers can benefit from owning bitcoin. Commerce in bitcoin is the holy grail of those who envision how this method of payment can benefit both consumers and merchants. Bitcoin....
Online communities that develop organically are the holy-grail of Web3 projects. Not only are they an indication of the strength of a virtual platform, but represent a cornerstone in the formation of social and economic immersion. While the web3 metaverse industry still relies heavily on token-incentives for user interaction, Upland is emerging as a unique platform where players form communities in a specific (virtual) geographic location. This trend has been discussed theoretically by crypto’s modern-day political philosophers. In his 2022 groundbreaking book The Network State, Balaji....
Proof of Individuality protocol is designed to prevent Sybil attacks on peer-to-peer network based computer reputation systems. The virtual world is full of threats; Sybil attacks make a sizeable chunk of it. Especially with the increasing implementation and usage of peer-to-peer networks, the network infrastructure lies more exposed to such attacks than ever. Cryptocurrencies also use a form of peer-to-peer network, which naturally puts them on the list as well. The magnitude of threat is now being countered by the development and implementation of anti-Sybil protocols. Proof of....