I just became a registered human courtesy of Humanity DAO.
Humanity DAO allows you to get $1 (1 Dai stablecoin) per month by getting voted into a registry of unique humans. It’s live on the Ethereum mainnet.
It’s like if some guy opened his own DMV and I just got a license from Some Guy’s DMV. (DMV is the Department of Motor Vehicles, where Americans go to obtain driving licenses.)
But rather than standing in line for hours, I clicked a couple buttons in my browser.
And the approval process for Some Guy’s DMV gets smarter as more people register.
Some Guy’s DMV received my application fee and later paid me 1 US dollar (1 Dai stablecoin) without needing permission or tools from any third-party payments company.
Plus my application fee was paid in a new currency Some Guy’s DMV created expressly for this purpose.
The DMV was able to sell me some of their new currency at market price without either of us needing a third party marketplace.
And my license at Some Guy’s DMV can never be used without my permission — it’s his DMV but my license.
Moreover some gal can open her own DMV and automatically import all licenses from Some Guy’s DMV without needing permission or tools from Some Guy’s DMV or anybody else.
Oh did I mention Some Guy’s DMV is borderless and couldn’t care less where you’re from? You can get a license whether you’re from Canada, Zimbabwe or Antarctica.
I love the future.
A few thoughts
- It’s increasingly difficult to take seriously anybody who still thinks cryptocurrency is just for gambling and criminals or just a toy.
- What does this even look like at scale? Something very special. Maybe a bit like the proliferation of open source software over the last fifteen years but for live financial components. It reminds me of the particularly intense competitive pressures and rapid pace of change in front end development.
- It’s going to be very interesting when Some Guy’s DMV becomes Estonia’s DMV or Facebook’s DMV.
Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot
Anthony Di Iorio, a Canadian entrepreneur and the co-founder of leading smart contract platform Ethereum, said that he believes in the potential of Cardano (ADA) and Polkadot (DOT).
In an interview with crypto proponent Anthony Pompliano, Di Iorio, who is also the CEO and founder of Canadian blockchain startup Decentral and crypto wallet Jaxx, revealed that he has a diversified investment portfolio featuring several top projects, including Cardano and Polkadot.
A Big Fan of Cardano and Polkadot
“Now I’ve kind of fallen back to just simplicity. I’m in a number of different projects, but the majority of my stuff is in the top projects. I’m a big fan of Polkadot, I’m a big fan of Cardano.”
Di Iorio went on to narrate why he was so sure of the future of these two projects. He had joined the Ethereum development team earlier in 2012 when he met Vitalik Buterin at a Bitcoin conference.
He has formed strong relationships with other co-founders of Ethereum, including Vitalik Buterin, Cardano’s founder Charles Hoskinson, and Polkadot’s current CEO Gavin Wood.
Di Iorio admitted that while he worked with these men, he knew that they were goal-oriented and would help push these projects further.
“Big fan of Charles, let’s say that. You know, taking some different approaches in the way that they’re doing things, much more on the academic side of what he’s done and bringing stuff forward. Real big fan of Gavin Wood… Knowing those guys from the days back at Ethereum – and knowing their drive and knowing their competitiveness and their smarts – I was able to see those projects for the last few years and know that they were gonna get to where they’ve gotten up to.”
Not Getting Lost in DeFi
Despite all the recent hype about DeFi, Di lorio pointed out that he is keeping his investments simple and investing in larger projects.
“Most of my stuff is in the top few things, Ether, Bitcoin, Cardano, Polkadot. I like Cosmos as well. And there’s a few others, but I’m not getting lost in all the DeFi stuff. I just think there’s not enough time, not enough energy. It’s a full-time gig to be running a lot of that stuff and keeping on top of stuff, so I’ve simplified my life quite a bit over the past few years.”
Featured image courtesy of Business Insider
Why Amp is the Best Altcoin You’ve Never Heard Of
Crypto Summer Pt. 2
I work with a crypto wizard.
Yesterday the wizard gave me a piece of advice: “Hey man, your fly is down.” After that, he told me to look into Amp, otherwise known as Crypto-Square.
Through this ERC-20 token, retailers can accept Bitcoin, Litecoin or Ethereum without having to wait 10 minutes or more for the network. Today Nordstrom, Lowes, Baskin Robbins, GameStop, Ulta Beauty, Office Depot, AMC Theaters, and Petco are just some of the stores that support Amp.
That’s right, you can go to these retailers and use Flexa’s SPEDN app (pronounced spend) to easily buy things with Bitcoin or other cryptocurrencies.
And if that wasn’t enough, Coinbase just listed Amp yesterday. Coinbase-approved altcoins often skyrocket in price as 56 million users are nothing to scoff at.
Here’s everything else you should know about this project.
There’s only one thing that Flexa and ConsenSys created Amp to do: Act as collateral. Amp guarantees that real-world transactions go through instantaneously due to collateralization.
Flexa, the company that created Amp, is the puppet master attempting to make cryptocurrency the new global financial system. They initially launched a Flexa token years ago, but ditched it for Amp and a close partnership with ConsenSys.
“The new Amp token demonstrates Flexa’s unrelenting commitment to DeFi and to building new technologies that will democratize access to payments for people all over the world,” Tyler Spalding, CEO of Flexa wrote in a blogpost.
Flexa eventually wants to use Amp to guarantee home purchases, loan distributions, and fiat exchanges.
Can you guess it? Go ahead — on three…
Oh, sorry I got excited.
Staking on Amp is just like providing to a liquidity pool on Uniswap or any other DeFi protocol. I just imagine a giant Uncle Sam poster pointing at you saying “we need your tokens.”
This is another reason why Amp works. It follows the old Army adage “K.I.S.S.” or Keep it Simple Stupid. In the past few months, Amp is one of the only altcoins I feel like I can explain to my mother. That’s a good thing.
Three words should make you very bullish about an altcoin: ‘Real-World Use’
Many altcoins over-engineer their projects to death and bog their white papers down with technical mumbo jumbo to make you think their team is smarter than you. Amp is not one of these projects. It keeps it simple, stupid.
Moreover, Amp is the leading technology making it possible for retailers to exchange cryptocurrencies. It’s so ahead of the pack that dozens of businesses are already using it.
It’s a no-brainer 10x, in my opinion.
Amp is trading at $0.06 at the time of publishing with a market cap of $2.59B (for reference the market cap of Ethereum is $276 B)
Large, Luxury Penthouse in Miami Sells for $22 Million in Crypto
One of America’s most luxurious penthouses just sold for more than $22 million – and the deal was completely finalized through cryptocurrency. The home consists of four bedrooms and is located within a condo building known as Arte by Antonio Citterio, which is situated in Miami Beach, Florida and designed by real estate developers Alex Sapir and Giovanni Fasciano.
Miami Real Estate and Crypto… A Perfect Match?
While crypto-real estate deals have been occurring over the past seven years, they are not common in any way, shape, or form. Typically, in America, all deals close through USD, but both Sapir and Fasciano expressed their excitement over the event and said in a recent interview that they always felt real estate and crypto went hand in hand… It was just a matter of time before people realized that, and as a result, they have consistently been open to homebuyers looking to pay their way with digital currency.
Sapir explains that there were several offers made on the residence, many of which would have also been done with crypto. He explained:
There is a strong, pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions. Real-world crypto transactions have not made their way fully into the mainstream yet, so it is quite clear top holders around the world pay attention when new opportunities to transact open up.
Fasciano says that with this sale, he has no doubt Miami could become a leader in crypto-based real estate sales, and he is hopeful that this will attract more digital investors to the housing mix. He says:
We are making Miami real estate history with this sale, as we were the first new development to facilitate this kind of cryptocurrency transaction, and to do so successfully so quickly after announcing. Cryptocurrency is the future of wealth, and we believe this is only the beginning. Arte has set the precedent for what these sales can look like and how fast they can take place. We are proud to have laid the groundwork for this new, burgeoning world.
Why Crypto Works Well
Sapir further stated what it was that inspired them both to accept crypto in the first place:
When we first set out to develop a boutique, resort-style oceanfront condominium for only 16 owners, no one had ever heard of anything so luxe and at such a small scale in Miami. It did not deter us, and we wanted to get ahead of a future world where half the world’s billionaires could have easily made their wealth from cryptocurrency. The quick sale of the Lower Penthouse at $22.5 million proves the success of the concept.
World Economic Forum Seeks to Offer Clear Policy Landscape For DeFi
The Colombian President’s Advisor to Peter Schiff: Stop Talking and Short Bitcoin
Pokemon GO: How to Get Alolan Slowpoke
World Economic Forum Releases a DeFi Policy Toolkit for Fair and Executable Regulations
How watching LoL Esports rewards viewers in summer 2021
Battlefield 2042 officially revealed
How Does Bitcoin Mining Work? Is It Profitable in 2021?
Where to find all the Alien Artifacts to unlock Kymera’s custom style in Fortnite Chapter 2, Season 7?
1,100 people arrested by Chinese Police on crypto-related money laundering charges
Axie Infinity Price Prediction 2021-2025: AXS Token Can Hit $40 by 2025
XRP lawsuit: Is the SEC ‘triply wrong’ about its latest filing?
XRP lawsuit: What’s the ‘existential threat’ Ripple is facing?
Troy Gayeski von SkyBridge: „Fiat-Investoren könnten alternativ auf Bitcoin setzen“
Trouble Looms For Bitcoin As U.S Looks to Bar Holders From Converting Crypto To USD
The Classic Meme Behind Dogecoin (DOGE) to Be Auctioned as an NFT
Doge meme Shiba Inu dog to be auctioned off as NFT
The UNICEF is investing in five crypto startups via Ethereum (ETH)
Third-Party Results of Credits’ Blockchain Speed Test
MT5 Will Phase Out MT4, but It Will Take Time
Gaugecash – The world’s first Decentralized Monetary System.
News1 week ago
Norton Adds Ethereum Mining To Its Suite of Antivirus Software Services
Blockchain1 week ago
I Bought and HODLed Bitcoin Since 2012: Legendary Skateboarder Tony Hawk
Uncategorized1 week ago
Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods
Blockchain1 week ago
GTA 6 may Pay Players With In-Game Cryptocurrency Rewards
Blockchain1 week ago
Philips to Accept BTC and ETH in a Banksy Auction
1 week ago
Overwatch League to host first live homestand with fans in 2021
Uncategorized1 week ago
Did Elon Musk Just Pump…CumRocket?
Uncategorized1 week ago
Ethereum Co-Founder Has His Doubts Over Cardano’s “Scientific Method”