Why The Crypto Market Will Be Trillions 1404

Public embarrassment is a horrible feeling. We’ve all experienced in one form or another. Predicting the future of technology is daunting enough but mix that with the future of money and markets – forget about it. The effort was to convey a whole worldview in less than ten minutes. Needless to say, it required a fair amount of sweating to be more than an embarrassment, which it undoubtedly will be considered by some as. The risk seems worth it though so let’s do this!

The below video and continued text go into why many of our trusted systems no longer function properly. I don’t know who built the pyramids but they certainly had their measurement system right for it to be possible and sustainable. The damage done by tech advancements are not yet visible in society on a large scale. We hear of declining sales in music, the press, deteriorating health care budgets, automated factories, AI in commerce and about self-driving cars. The heads of many old systems have already been cut, are bleeding heavily and lashing out aimlessly as the body of the octopus still moves. To make some sense of this, the topics include crypto, capitalism, communism, genetics, competition, media, competence, fairness, cultural revolutions and our shared decentralized future.

Watch the video attempting to assess some of the foundations of the coming value of crypto. Alternatively, revel in me exposing my profound ignorance.

To dig further into the roots of this we need to connect it to other phenomena going on outside crypto. The main argument towards trillions are the coming multiple network effects and, of course, how no industry will be untouched by this. There is more to the story than just tech as ideology plays such a big part in what is going on right now. Predicting a market in the trillions is not a wild estimate by looking at trust on a larger scale by any stretch of the evolutionary imagination. What remains a mystery is the timescale in which it will happen Most of us in this space have also encountered the strange way crypto has been most often represented in mainstream media. Why does only a small amount of the substance get any coverage?

The Intellectual Dark Web

Professor Jordan Peterson has sold 1.5 million copies of his new book “12 Rules for life”. It is not on the New York Times bestseller list due to a technicality excuse that they have previously broken for other Canadians. The real reason is purely ideological and has nothing to do with why their list is still considered valuable by many. Have you heard of the intellectual dark web?  The more you listen to any of the mentioned people in long form conversations, the less their mainstream media treatment seems to be in the pursuit of truth. To be fair, my experiences with mass media has been mostly positive. I’ve always been a proponent of diversity and hate identity politics. What is clearly missing from the current exposure is the diversity of ideas.

Today, it is sexy and woke to say things like:” The future is already here — it’s just not very evenly distributed.” I get it. I used to use phrases like this William Gibson quote too before hearing the all too logical counter-arguments. These quotes become less punchy when you have to take into consideration countries that have not yet gone through their own version of the separation of church and state. What is going on suddenly in the west and other parts of the world is already the separation of state and money. To claim we are incompatible as people due to skin color is idiotic. To claim all ideas on how to run society are of equal value is as stupid. The world becomes more complex when ideas are introduced to the mix. The ‘oppression of patriarchal white males’, which is the go-to blame and hate market on why humans currently suffer, loses a lot of ground after an encounter with the IDW people. To see what I mean, watch this in-depth interview of Jordan Peterson on Joe Rogan. So what is still missing from the big picture? What perspective can I contribute to be useful?

The only significantly unrepresented issue alongside faith, politics, psychedelics, gender, diversity, science, universal income and many other difficult to talk about subjects by this rat pack of intellectuals is our debt based monetary system. It is still a major mainstream heresy to cover so most stay away from it. The concern is that it is a slippery slope to antisemitic conspiracy theory. That is no longer a valid excuse to stay away from it as many of the IDW subjects potentially have the same road built right into them. The topic can and should be divorced from hyperbole and added to school curriculums. Why on earth are we not teaching how money works in our schools? I’m not talking about what money does which is often the distracting counter-argument. I’m talking about how it is created through fractional lending.

Ironically enough, most of the political polarization problems, extremism and other forms of imbalance stem from unbalanced economics. Our previous World Wars certainly tell that tale. The inconvenient truth is that unless if people understand money at scale, we have horrible problems. Outspoken critics of the current system, like Andreas Antonopoulos, have of course been on the Joe Rogan Experience to talk about this vital issue. I, therefore, vote for Andreas to be added to this IDW list. His contribution is by no stretch of the imagination less significant than the substance of the above people. If anything, it might be the most important thing. What else?

From Gutenberg to Youtube

Turns out people are much smarter than we thought. The written word simply cannot compete with the readiness of our brains to receive stories told verbally. Especially if they are illustrated by visuals and enhanced by music. Due to tens of thousands of years of campfires and humans having many senses, new media communication is integrally more powerful than books for learning. The cost-effective global internet distribution network changed the game again. The trouble is, the written word is much cheaper to get polished to an almost bulletproof state. Podcasting, Youtube, and various other long-form platforms have made an entirely new paradigm of learning possible but still in perception to many – lack intellectual credibility. The tables are turning as solid content and earning models presented by the IDW have entered the scene.

The best podcasts and internet shows remain uninfluenced by a commercial agenda in their subject matter. One episode of Dan Carlin’s Hardcore History will leave you wondering what you would know about history if these episodes would have been part of your homework in school. As a Finn, I would have learned English at the same time. What learnings could you have integrated into your life from it all if you would have been introduced to it this way? The integrity of it all is felt by many to whom it is like someone opened the window to a stuffy room. They all, of course, threaten the income models of education as well as media in the long run. What we are witnessing here is a communication revolution comparable to the Gutenberg one. Our media, schools, money, politics, and faiths are still relatively functional like Mr. Peterson says, but the cloud intelligence of humanity has sensed this new and better wave. It cannot put its finger on it exactly, as it is nearly impossible to do but it is undeniable. There is no doubt in my mind that crypto will play a significant part in reorganizing, monetizing and incentivizing a lot of it. Something else is needed here also, which is emerging at a fast pace.

Unbias Intelligence

Have you seen any of the new videos on the advancements of the robots of Boston Dynamics? The AI inside is what is alarming about it much more than the capabilities the robots are maturing into. This is not about fear porn on robots though. Many people profess the dangers of AI but the optimistic benefits are rarely talked about.

Imagine, for example, a source of information on nutrition that could take into consideration pure carnivore diets, bloodwork, Indian Vedic body types, results on veganism, environmental factors, socio-economical measurements, a myriad of published health research spanning decades, chemistry, supplements, exercise, anomalies etc. It could asses your individual holistic needs measuring them against all available data on the subject. It updates itself on a daily basis from published research papers. What you have posted online might give it significant clues as to what you are not considering to make yourself happier. All this without overpowering commercial coercion nor tribal bias verified on the blockchain. Our greatest weakness currently is our group identification tendency and survival under decaying centralized systems.

Can AI together with blockchain unclog the arteries of money too? I would love for this to be at least a part of the solution. This is not based on ideology in a way that all things will be decentralized. As covered in the podcast below, it is obvious some prefer centralized systems.

One of the future predictions by Andreas Antonopoulos is that crypto won’t be measured in trillions of dollars. His take is that crypto will be measured in crypto as the public perception on it changes. He does not want to bank the 39% who remain without a bank account. He would like to de-bank us all. I’m not knowledgeable enough to agree nor disagree with this. No one knows for sure but the way things are going – the measurement of steady value is unlikely to be the dollar in 50 years.

What do you think?

Art Related Announcements.

Check out my most recent chat with Karim from Basic Crypto Podcast.


The World Crypto Con just launched it’s updated website alongside my personal performance and exhibit page. Cryptomode.com just listed it among the top 5 conferences for the rest of the year. Their new program not only features new significant speakers but a myriad of crypto-related experiences from Formula 1 simulators to a gambling marathon.

Through purchasing a ticket to World Crypto Con via this link and typing in ‘$100 Off: WCC100’ you get – well obviously a 100$ off the ticket but also support the show.

See you in Vegas!

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Rarimo Foundation Launches MetaMask Snap, RariMe, Enabling Cryptocurrencies and Identity Credentials To Be Stored and Managed From A Single Wallet 2335

Rarimo Foundation has launched RariMe, a MetaMask Snap that enables MetaMask users to store and manage identity credentials through their MetaMask wallet, developed by Consensys.

RariMe is built with MetaMask’s Snaps platform, which launched on 12 September and allows developers to build applications that can bring new functionalities to MetaMask’s users.

RariMe introduces an entirely new social identity function to MetaMask and ends wallet fragmentation; users will no longer have to switch between their identity and digital asset wallets. In a single swoop, MetaMask users will instantly have access to identity storage and privacy-enhancing Zero-Knowledge Proof (ZKPs) generation and management. Given that in 2022, MetaMask surpassed 100 million users, this significantly expands the presence of digital identity.

RariMe also further improves the user experience, by ensuring that all credentials are fully multi-chain. For one of the first times in Web3, users will not have to issue separate proofs for separate chains. Instead, they can issue a proof on the chain of their choice and then use it seamlessly across Ethereum, Polygon, BNB Chain, and Avalanche. This is possible because RariMe was built atop of interoperability protocol, Rarimo, which enables state replication and on-chain verification.

Lasha Antadze, Co-Founder of Rarify Labs, commented, “RariMe snap dramatically improves the user experience around digital identities. Users will no longer have to switch between multiple apps and interfaces and the friction between identities and crypto has been removed. This will fuel the growth of the digital identity space and the many emerging Web3 movements that require identities, including decentralized social media and on-chain gaming.”

“MetaMask is thrilled to welcome Rarimo as one of the trailblazing builders for MetaMask Snaps. We strongly believe that permissionless innovation is fundamental to a decentralized ecosystem. With Snaps, we’re not just expanding features; we’re excited to see Rarimo use Snaps to open the doors to digital identities, credentials management, and decentralized social protocols, ultimately empowering our users like never before,” said Christian Montoya, Product Lead at MetaMask Snaps.

From launch, RariMe will be integrated with Rarimo’s Proof-of-Humanity plug-in which was released last month to enable users to leverage identity credentials from Unstoppable Domains, Civic, and Gitcoin to prove that they are humans and not bots. RariMe will automatically provide users with an end-to-end flow on the reputation-building platforms Galxe, Zeely, and quest focused application QuestN.

About Rarimo

Rarimo is the interoperability protocol for digital social identities. Its distinctive infrastructure enables identity components to be integrated on-chain, and seamlessly ported across ecosystems. This ensures that Web3 can develop without the walled gardens and cumbersome identity practices of Web2.

About Rarimo Foundation

Rarimo Foundation is a not-for-profit company devoted to implementing the decisions of the Rarimo DAO.

About Rarify Labs

Rarify Labs is an ecosystem contributor dedicated to advancing Rarimo.

ETH Riyadh 2023: Exploring the Future of the Web3 Ecosystem 2809

On October 11th, 2023, ETH Riyadh 2023, presented by Tharawat Technology, Studio 23, ChainIDE, Coffee with Crypto, and Mask, is poised to assemble developers, innovators, and the global blockchain community in a dynamic exchange of ideas and technological advancements. Riyadh is once again primed to assert itself as a global epicenter for blockchain innovation with the imminent arrival of the ETH Riyadh 2023 conference.

Riyadh represents a burgeoning center for digital innovation, with a growing tech-savvy community and an environment conducive to the adoption of emerging technologies. The strategic location in the heart of the Middle East makes Riyadh an ideal meeting point for blockchain enthusiasts from diverse regions, fostering international collaboration and innovation.

EthRiyadh 2023 is a series of hybrid events, hosted both online and offline, featuring three distinct stages. It kicks off with the META to Global Web3 Builder Competition, taking place from September 18th to October 12th. This competition will feature multiple tracks focusing on the latest innovations in the web3 industry and blockchain technology, encouraging developers and innovators to showcase their skills and creativity.

Following with the Builder Conference that Scheduled for October 11th. This part of the event promises captivating talks and panel discussions led by leaders and visionaries in the blockchain field. Attendees will have the opportunity to gain valuable insights into emerging trends and groundbreaking technologies that are shaping the future of web3 and Ethereum.

The event culminates with the online Builder Mixer, taking place on October 12th. This is a unique opportunity for participants to connect with a vibrant community of builders, fostering growth and mutual success. Attendees can share stories about their experiences in building and forging meaningful connections that may lead to future achievements in the blockchain industry.

For more information about ETH Riyadh 2023, including registration details and agenda updates, please visit [www.ethriyadh.com].

Solar Dex to relaunch on Quai Network 3729

While many solutions for blockchain scalability have been proposed, they remain unable to crack the blockchain trilemma, sacrificing security and decentralization. Quai is the first blockchain protocol that is simultaneously decentralized, censorship resistant and infinitely scalable. Quai, in contrast to traditional cryptocurrencies, functions as a network of many interoperable blockchains braided together. Due to a breakthrough discovery that occurred during research on proof-of-work, Quai Network utilizes a new consensus mechanism, proof of entropy minima (PoEM), which eliminates all consensus-based forks and enables all Quai nodes to remain in “perpetual consensus.”

Solar Dex began as the first United States-based decentralized exchange on Solana, and will now be pivoting to build on Quai as one of its first DEXs. Due to a loss of TVL on Solana and many Solana-based projects moving strictly to NFTs, the Solar team has decided to get ahead of the DeFi curve and take advantage of Quai’s low-cost, high-speed decentralized network in order to better position Solar Dex for the next bull run. The team at Solar is building on top of Quai Network to “ensure a more sustainable future for Solar Dex.”

Roy Fardin, chief business officer, said: “After talking to the Quai Network team, we have never been more bullish about a layer 1 with scalability and its passion for growth. It was a clear eye-opener that they care about DeFi and want other projects that utilize this network to succeed. The vision behind Quai brings the best of Ethereum and Solana all together into this new network.”

Solar Dex will be reworking the DEX into several components as it builds on Quai. The DEX will not only support traditional swaps, but also add in customizable swap themes. In addition, Solar Dex’s Solar Sentries NFTs will allow staking as a yield opportunity derived by all exchange fees earned from Sentry Mode projects.

Richard, CEO of Solar Dex, said: “On top of traditional DEX swaps, Solar Dex will be adding limit orders on Quai. “We’re doing a total revamp of the website and DEX which should be very aesthetically pleasing and simplistic to onboard new users to DeFi and also Quai.”

With Quai’s Iron Age Testnet beginning in September 2023, Solar Dex will be prioritizing its deployment on Quai for the coming months. There will be incentives to beta-test Solar DEX on Quai and additional generalized rewards will be provided by Quai for participating in the Iron Age Testnet. On top of this, the Solar team will be adding a surprise feature to the DEX to build excitement for Quai’s testnet launch, as well as utilizing its incentive program to reward holders.

With backing from Polychain Capital and an expert team with backgrounds at Apple, GridPlus, Tesla, Consensys, Circle and more, Quai is excited to usher in a new generation of innovative applications that don’t sacrifice decentralization.

Concordium Enables a New Standard of Age Verification Amidst Growing Privacy Concerns 3965

Concordium, the Layer 1, science-backed blockchain creating a safer digital world, proudly unveils Web3 ID: a cutting-edge identification platform offering age-verification capacities designed to prioritize user privacy for both individuals and businesses. Concordium’s age verification tooling works to protect minors online amidst growing global privacy concerns and explicit data-harvesting from technology organisations.

Web3 ID harnesses Concordium’s Zero-Knowledge Proof technology to offer a novel approach to age verification – without ever compromising user data or privacy. By uploading a government-issued form of identification to their wallet, Web3 ID users can drastically reduce the amount of data they disclose during online identity verification, regaining control over any sensitive information.

Mikael Breinholst, Head of Product at Concordium, spoke to the widespread concern surrounding existing online age-verification tools, stating: “Current age verification tools online are a grave area of concern for many. Age-restricted sites have little to no barrier to entry, exposing underage consumers to a universe of adult themed content. Blockchain technology, and Web3 ID specifically, enable businesses to request proof of an individual’s age, without storing their data or selling it to advertisers. With Web3 ID, users maintain autonomy and safety over their personal information while benefiting from blockchain technology’s inherent security.”

Concordium´s built-in ID layer and Zero-Knowledge-Proof technology ensures a user’s online identity is verified in a secure and decentralized manner, all while maintaining privacy. Only strictly relevant information is requested of users when transacting on the Web3 ID platform, while unrelated details are held on a decentralized wallet. Web3 ID users are also granted an increase in transactional security through Concordium’s compliance-friendly technology. In result, individuals and businesses are empowered with complete control over their information, effectively countering the data ownership issues associated with centralized legacy systems.

Kåre Kjelstrøm, CTO & CPO at Concordium, commented: “Concordium’s Web3 ID is intuitive and easy to build upon, offering seamless usability while being cost-effective, shrinking online identification processes. Further to preventing children from accessing age-restricted sites, Web3 ID is capable of sharing specific medical information without the recipient having access to the entirety of an individual’s medical history, proving a user’s driving credentials, or simply ensuring user data is genuine and not the result of bots. This model addresses many of the shortcomings surrounding ID safety caused by big tech’s data monopoly.”

The creation of a new standard of age verification promotes Concordium’s mission of supporting a regulated future for new and existing organisations building on blockchain technology. This achievement follows recent partnerships such as AI service provider 2021.ai, and carbon offset management platform Aqualibre.

For more information on Concordium’s Web3 ID platform, please visit: Concordium.com

About Concordium

Concordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-Knowledge-Proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput and low transaction fees pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world’s biggest enterprises. For more information: concordium.com

Web3 Social Platform “Cardano Spot” Unveils New Features to Empower Cardano Enthusiasts 4290

0IMG 0811

First all-in-one social media platform for everything Cardano, Cardano Spot, has unveiled a series of innovative features. The platform, founded and developed with direct input from the Cardano community, aims to address fragmentation within the Cardano ecosystem, provide a 360-view, and foster enhanced community interaction.

Desktop  Project Library

Latest Enhancements for a More Robust Experience

Cardano Spot has launched its latest features to facilitate the expansion of native Cardano projects and their communities.

Open Access. In its upgraded version you can now access both News Feed and Project Library without being required to sign in.

Multilingual News Feed. Additionally, Cardano Spot provides access to a diverse multilingual News Feed, featuring content from Portuguese, Vietnamese, and Indian community members.

Desktop  News List

Simplified Registration. The platform now also provides a number of alternative ways for registration, including Twitter, TikTok, and GitHub accounts.

Explore Page. Offers a better user experience through a simple curated view on the latest information about the Cardano ecosystem.

Refer-a-Friend. The newly launched “Refer a Friend” feature enables users to invite friends through a personalized referral link.

A peek into other features:

  • Community Hub: A customized homepage tailored to individual user interests, empowering content creation, user connections, and discovering like-minded communities.
  • News Feed: A source for the latest Cardano ecosystem news, offering educational content, articles, and videos to expand knowledge horizons.
  • Project Library: A comprehensive repository spotlighting projects built on the Cardano Blockchain, complete with explanations, whitepapers, introductory videos, and essential links for personal research.
  • Events Calendar: A consolidated calendar showcasing Cardano-related events, including webinars, discussions, product launches, and more.
  • Market Status: Real-time insights into native token prices, market trends, and tokenomics.

Desktop  Events

Sebastian Zilliacus, Managing Director at EMURGO, explained, “Cardano Spot aims to provide trust, transparency, and accurate information about the Cardano ecosystem. We partner with native Cardano projects to achieve this objective.”

About Cardano Spot

Cardano Spot is the first product from EMURGO Media. This Cardano enthusiasts-focused social network serves end-to-end information for the Cardano community. It provides a user-generated interactive platform specifically designed for investment in, distribution, consumption, and monetization of Cardano content. Cardano Spot solves the issue of fragmented content in the Cardano ecosystem by aggregating valuable, quality content from reliable sources in the Cardano ecosystem to give up-to-date developments in the Cardano ecosystem.

For more information, please visit: https://bit.ly/CardanoSpotWeb3Platform.

Wirex and Polygon CDK Join Forces to Revolutionize Digital Payments With W-Pay 4526

Wirex, a major player in crypto payments with over 6 million users, has chosen to partner with Polygon CDK (Chain Development Kit) to create a new App Chain focused on payments, named W-Pay. This move marks a significant development in the world of cryptocurrency payments.

By utilizing Polygon CDK, an advanced blockchain technology toolkit, Wirex aims to enhance the performance and security of its payment system. This technology facilitates faster and more secure transactions.

Pavel Matveev, Wirex’s CEO, explained, “Using Polygon CDK allows us to transition our payment infrastructure to the blockchain, improving efficiency and enabling seamless integration with various decentralized applications.”

Wirex’s status as a regulated entity and a principal member of Visa and Mastercard positions it uniquely to innovate in the payment industry. Matveev added, “Our initial plan includes introducing a non-custodial Visa card for cryptocurrency transactions, making digital assets more accessible in everyday life. Our goal is to bring all 6 million Wirex users into this ecosystem.”

Jordi Baylina, Co-Founder of Polygon, expressed excitement about the partnership, stating, “Wirex’s adoption of Polygon CDK to create their payment system has the potential to introduce fresh ideas and expand the adoption of digital payments.”

To further enhance the utility of the Wirex ecosystem, the new Wirex App Chain will use Wirex’s own token, WXT, for transactions. This move is expected to increase the demand and functionality of WXT, prompted by interest from large enterprises.

Wirex’s presence with users across various regions underlines its commitment to transforming digital-age payments. With millions of users worldwide, Wirex has been instrumental in making cryptocurrencies accessible for everyday transactions since its inception in 2015.

Founded by Pavel Matveev and Dmitry Lazarichev, Wirex has provided a user-friendly platform for buying, storing, and using cryptocurrencies alongside traditional currencies. Their specialized card allows users to make cryptocurrency transactions in their daily lives.

Wirex continues to evolve its product offerings to align with market trends, while also adhering to regional regulations and securing necessary licenses. As a pioneer in the industry, Wirex introduced its own native utility token, WXT, and initiated the world’s first cryptocurrency reward program, Cryptoback™, offering users cryptocurrency rewards for their transactions.

To adapt to the growing Web3 landscape, Wirex expanded its product suite to enable mainstream access to decentralized finance (DeFi) and wealth management, introducing features like high-interest savings and partnering with decentralized finance platforms.

While headquartered in London, Wirex has expanded its presence globally and processed over $20 billion worth of transactions. With rapid expansion into new territories, including the United States and Australia, Wirex is well-positioned to support and promote the mass adoption of cashless transactions through innovative solutions.

Website: wirexapp.com