These two approaches, decentralized online social interaction and decentralized online exchange of value, do seem to have some of the same characteristics. I don’t imagine that they will have an appreciable and direct impact on one another unless they directly combine in one or more ways. I.e. the ethos is the same but the execution and, in many ways, the motivations are different.
For those that want to have an actual go at it: when deploying it with hardhat for example, you can pass in Math.floor(Math.random()*1000) as the constructor argument in the deploy script, and then see if you can derive the number on the first guess.
BTW @cypherpunks was right. Anyone can view the contract deployment transaction and see the value of secretNumber that was passed as an argument to the constructor.
We don't know. It could be an ultimate control and surveillance tool or it could be completely permissionless but it will likely be somewhere in between. It would be interesting if actual parliamentary laws can decide the rules the currency runs on.
I assume you will need to go through a bank/financial institution to get an account. It would be cool if privacy was baked in with the ability of a court order to reveal accounts with those court orders publicly available.
I dig Last Week Tonight but this segment, like most general current cryptocurrency outlooks, only focuses on the frauds. It's saying the crypto market is trash due to the scams. Sure, the scam aspects are infuriating as they generate negative connotations, but through due diligence in research the scams become vividly clear. The white papers for Bitcoin & Vechain are phenomenal. When comparing the white papers of Luna, Terra, Dogecoin or anything similar to BTC's or VET's, any investments made after seeing these differences are 100% on the investor.
yeah the over-emphasis of public hate which conflates the principles of cryptocurrency with the scammers, can only really benefit the existing financial power structures imo
unless i've misunderstood something...?
for sure the scammers need to be ridiculed, but scammers have been around probably since we lived in caves, if not earlier, so blaming crypto itself doesn't seem right.
As much as I enjoy dancing on NFT’s grave, I can’t say I’m thrilled about the fact that Musk’s tweets have this much sway. Well, he is about to own the platform, I suppose. But come on. Environmental harm? Nothing. Throwing money away for literally nothing? I sleep. Musk makes an off-the-cuff tweet about NFTs? EVERYBODY HOLD THE FUCKING PHONE. I hate how this world works sometimes.
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