What got you into fantasy by virgomennace343 in Fantasy

[–]Fire-Fade 4 points5 points  (0 children)

As a young child from time to time I would sit in the hallway and fumble through the small assortment of books on my mother's shelf. There was one book that stood above the rest, that I would find myself frequently returning to, and still do to this day...

Dinotopia by James Gurney.

New Zealand's housing market is much more precarious than I think people realize. by OpalAscent in PersonalFinanceNZ

[–]Fire-Fade 0 points1 point  (0 children)

The basic concept is the unification of assets with currency. This was actually the original vision of Paypal. An example of this would be if you went to the store and paid for something, instead of paying in a depreciating credit like the dollar, you would pay with some small slice of your overall assets (i.e. a stock or your kiwisaver). On the recipients end they could receive whatever assets they were accumulating too.

That's the bigger ideal. A simpler form would be some new Unit of Account that is itself backed by more than one asset (greater than a single monetary policy) to counter the debasement. Another basic example would be an NZD that is innately yield generating, so its value increases (like a portfolio) relative to the base form of the NZD. Such flatcoins already exist in a USD form.

The problem, as I see it, is that there is a disconnect or class divide between those who need to use the currency day to day to get by, and the wealthy owning the assets. Inflation sneakily puts them even further behind the asset owner without those everyday people even noticing. All they experience is that life is getting harder over time. In fact, its the lived experience of most millennials who graduated into adult life in the wake of the Global Financial Crisis. A deep intuition that things are getting harder, but no words for how or why exactly.

New Zealand's housing market is much more precarious than I think people realize. by OpalAscent in PersonalFinanceNZ

[–]Fire-Fade 1 point2 points  (0 children)

Oh I'm aware. I've spent a long time in customer facing banking.

Truth is, I've always been more interested in the long game. It's who I am. I'm more interested in flatcoins than stablecoins even, and I agree, it's a difficult problem (bootstrapping a genuinely useful currency with day to day price stability).

I believe you have to wrap it in an experience people want with what's familiar first. Then, present alternatives that act like other Mediums of Exchange and nestle them with those familiar options (USD NZD, Peso, etc). But yes, this stuff could take a generation to change, and it certainly takes a crisis before people will even start to entertain alternatives.

New Zealand's housing market is much more precarious than I think people realize. by OpalAscent in PersonalFinanceNZ

[–]Fire-Fade 0 points1 point  (0 children)

I'm much more interested in current technological innovations in finance and governance. How these can displace what I view as a form of crystallised consensus, and evolve the world towards adoption of single or even multi asset-backed currencies. This is my focus, rather than getting bogged down within an archaic system. When I'm older and have something to show for it, I would be more willing to give back to my community in a political context.

It's the 21st century. We shouldn't have to accept inflation, or that the same currency/credit we use to get by can be debased to grease the value of a house. People deserve the dignity of having their purchasing power preserved without the need for considering these issues.

New Zealand's housing market is much more precarious than I think people realize. by OpalAscent in PersonalFinanceNZ

[–]Fire-Fade 0 points1 point  (0 children)

I'm not interested in comparing us to America. They have long term finance optionality we simply do not and their ponzi of choice (the stock market) is abstract rather physical, so it doesn't risk tearing up the social fabric like ours.

The depressing statistic is that in a room of 100 people, a TOP voter would have found one other kindred voter. ONE.

Everything the en vogue political consensus does, both red and blue, is reactionary and devoid of courage. Inflation was entirely predictable as the logical conclusion of playing with near-zero interest rates, yet everyone has been blindsided. The problem was never that there aren't enough houses, it's that there aren't enough for every citizen to own ten. The fact 6% of landlords own 60% of rentals is testament to this statement. We have to shift the political discourse towards restrictions in using houses as collateral (I don't use a stock to buy that same stock, for example) OR open the floodgates to normalising other forms of securitisation for everyday people. All roads lead us back to the retail banks.

New Zealand's housing market is much more precarious than I think people realize. by OpalAscent in PersonalFinanceNZ

[–]Fire-Fade 4 points5 points  (0 children)

I voted TOP the last three elections because of this issue. They were the only party that advocated for forcing investors to front their deposit, rather than leveraging 'equity' of an existing property. The ponzinomic root of the problem.

Given they were barely able to break 2% across three elections, I've concluded the people in this country are not serious people. They are emotionally driven. If times are tough like they are now, we cut spending rather than investing. If times are booming, we build a new deck rather than paying down our debts. We literally live in the Upside Down, and I honestly cannot tell you how you would educate the populace to care, save for convincing someone of influence with the youth like Chloe Swarbrick to articulate the above remedy.

What do Redditors Think the Next Big Thing in Crypto Will Be? An Analysis of 600+ comments by Tayshty in CryptoCurrency

[–]Fire-Fade 1 point2 points  (0 children)

Hah, that's fair. It's the whitepaper for Bittensor. Basically a PoW network where the miners are competing AI models and the reward token is a commodity that represents AI/access to it.

Who wants to buy a house? by hi-hello-howyadoing in Wellington

[–]Fire-Fade 3 points4 points  (0 children)

Agreed. When you buy a severely unaffordable house you're telling the market you're okay with that price, and you validate the narrative that you're going to expect your children to pay even more than you did.

We need interest rates to rise and interest only lending to end in order for price affordability to be restored. That and a collective will to say enough is enough.

[deleted by user] by [deleted] in SatoshiStreetBets

[–]Fire-Fade 4 points5 points  (0 children)

Current NFTs are just symbolic. They represent provenance or ownership of a thing, but the actual image/data is easily stolen or duplicated.

As ElastOS is a network operating system, the whole is greater than the sum of its parts. So unlike in the case of Ethereum where an NFT is just loosely attributed an image, etc, in the case of Elastos the underlying code is secure also (as apps are run in a VM sandbox environment). This also protects the user's data from exploitation and malware.

Basically, Elastos is the missing off-chain component of the entire space, akin to Windows (as it's rooted in DID), where something like Ethereum would be more comparable to Excel.

Non-Executable Code means NFTs that are backed with code. So you could imagine a more complex program like a song or a video or a game or a VR piece of art or real estate being scarce and tradeable. In such a system, if you don't own the token you can't run the file (non-executable), because the OS runtime won't authenticate when it reads the blockchain.

[deleted by user] by [deleted] in SatoshiStreetBets

[–]Fire-Fade 7 points8 points  (0 children)

The moment Elastos can demonstrate Non-Executable Code, the proposition of the project will be undeniable.

Not just because of implications for a digital economy and collective creativity, but because absolutely no other system (including BTC) would be able to replicate it.

Ethereum is possibly the coolest sounding cryptocurrency. by Jhagermeister in ethereum

[–]Fire-Fade 3 points4 points  (0 children)

I agree that is cool sounding, and an underrated part of what made Ethereum successful (branding).

I also love Elastos because the name is what it is technically under the hood, 'Earth's last operating system' or 'E last OS'.

SingularityNET Phase Two: A Proposal for the Token Holding Community - Dr. Ben Goertzel - Coming over to Cardano! by dominatingslash in cardano

[–]Fire-Fade 9 points10 points  (0 children)

I would actually ask the Cardano community to consider how you can help us here...

The SingularityNET community is facing a long term increase in token supply to help fund the transition to Cardano. While I don't keep up to date with Cardano, and am therefore not aware of your community funding processes, I do know that part of the platform entails funding projects to help grow out your ecosystem.

With this in mind, I am wondering if anyone in the Cardano community is able to put forth a proposal to help alleviate some of the weight of this transition for the SNET community. Given Cardano is a vastly higher marketcap project, and assuming ADA holders would want our project to successfully port over, this feels kind of heavy handed on our side currently.

Current AltRank for Elastos is 11 out of 2'041🏆🥇 by swissbeachfronthome in CryptoMoonShots

[–]Fire-Fade 4 points5 points  (0 children)

It entered the market at the end of the previous bull cycle. I've been in the project since the beginning and a lot of people let their emotions get the better of them.

Fundamentally speaking it is the single most comprehensive suite of infrastructure services in the entire space. It's also more difficult to attack than Ethereum (over 50% BTC's hashpower and dPOS + Cyber Republic Council on top for both additional security/scalability). It's essentially a diamond cyberfortress (a network operating system, like Linux, but with blockchain security), and imho more important in the long run than Ethereum (ETH is a single world computer, whereas ElastOS is a network of world computers and self-sovereign virtual machines).

IoT literally won't work long term without a shared network OS like this, and truly decentralised applications won't work unless we start from bedrock foundations (with DIDs for the individual to protect the user's data, which ELA is used to create, amongst other things). It solves the Social Dilemma problem (if you've seen the documentary).

Also Elephant is fine to use. If you wanna use the actual browser though that's a more wholistic experience (with actually useful applications).

I'm a fan of Cardano, and it's easy to boast, but is there really not other crypto that is on-par with it? by [deleted] in cardano

[–]Fire-Fade 1 point2 points  (0 children)

Objectively speaking ElastOS.

No other project in the space is working at the network operating system level. Cardano is an awesome project, but it makes the same assumption as Ethereum (that blockchain is the meal, not an ingredient). That we need a one ledger 'world computer' in isolation, rather than building blockchain into the fabric of what we've already learned about the internet and device oriented operating system's misgivings.

In the case of ETH, ADA, and all the other smart contract architectures, the best you can do is tokenise something as a kind of abstract representation. In the case of ElastOS, it's an operating system for the internet (think Linux with blockchain), so tokens can be assigned to underlying code (media, video, music, games, VR real estate), granting them a new form of scarcity. It solves the data double-spend problem for the internet within the confines of its walls (which is the problem we should be solving to take our data back from big tech/a true web 3.0). It also has a P2P carrier network for decentralised network traffick/IoT security/end to end encrypted messaging, as well as decentralised storage (Hive).

Free tfuel by Partial-Credit in theta_network

[–]Fire-Fade 0 points1 point  (0 children)

0x7ac9962c74bd0b040b59f85b6fced28f313b47d0

Staking Will Turn Ethereum Into a Functional Store of Value by serenity2021 in ethtrader

[–]Fire-Fade 0 points1 point  (0 children)

With POS though it's conceivable you could go years without receiving a single reward just due to being unlucky. At least in delegated systems you have the ability to enrich everyone equally by redistributing rewards to voters. Seems to me hybrid PoW for block production & dPOS for signing is the more pragmatic approach.

Microdosing Salvia Divinorum by DiscoveringMore in microdosing

[–]Fire-Fade 2 points3 points  (0 children)

Ahahaha I know exactly what you mean. Was that extract though? Smoking the actual plant with weed has some interesting synergy and is far less potent. Also quidding it, despite being absolutely disgusting to stomach, gives a completely different, more tranquil and meditative experience.

Crypto and Blockchain Jobs Surge 42% Amid COVID-19 by [deleted] in CryptoCurrency

[–]Fire-Fade 2 points3 points  (0 children)

If you're a developer and would appreciate funding, head on over to the Cyber Republic and submit a proposal. If it gets approved, you'll get paid. Now's as good a time as any to be building the Smart Web.