What do the banks know that we dont?
https://www.youtube.com/watch?v=yjBdu2JBYSMWells Fargo Cutting Credit Is The Tip of The Iceberg | Real Danger Ahead
14 Jul 2021
Great video, very well explained.
Ethereum itself can be used as a decentralized storage system, and in fact it is when it comes to code storage in all the smart contracts.
When it comes to large amounts of data, however, that isn't what the system is designed for.
At the time of writing, the Ethereum chain is around 350GB, and every node on the network needs to be able to store all 350GB of data.
If the chain were to expand to large amounts of data (say 5TBs) it wouldn't be feasible for all nodes to continue to run.
Also, this can get incredibly expensive to deploy new data due to the size.
Due to these constraints, we need a different chain or methodology to storing large amounts of data in a decentralized manner.
When looking at decentralized storage (dStorage) options, there are a few things a user must keep in mind.
Persistence mechanism / incentive structure
Data retention enforcement
Decentrality
Consensus
Arweave is mentioned in all 4 areas...
https://ethereum.org/en/developers/docs/storage/#blockchain-basedAlso, when ETH2 does eventually release, im 100% confident Arweave will play a vital role for ETH'S data storage.
SOL,AVAX,ETH,DOT,SKALE,NEAR,COSMOS
Add Kusama to the growing list that use Arweave DSN...
https://twitter.com/onlyarweave/status/1414178712594042882Ok, this is cool.
@KodaDot
is built on
@kusamanetwork
and is a carbon neutral NFT platform that uses
@ArweaveTeam
as the permanent storage layer.
Hi Kusama friends
Scooping up the bargain AR, under $9
Koii, the blockchain media platform built on Arweave permanent storage, announced today it has released the first NFT wallet that allows users to permanently store and earn crypto from their NFTs as a browser extension. The “Finnie Wallet” revolutionizes the way users collect and create NFTs.
The Koii.network test-net is thriving, with pre-registrations for the browser extension surpassing 500 within the first week of its release.
The wallet uses the Koii “Atomic NFT” standard, meaning each NFT tokenizes the specific media file with a fraction of a percent of the electrical and environmental footprint of other NFT smart contracts.
The extension will revolutionize how NFTs are stored, valued, and accessed, allowing users to:
Create by drag-and-dropping any digital file to turn it into an Atomic NFT
Own permanent, unstoppable access to their content through the Arweave permaweb
Earn KOII tokens every time they are viewed using the novel Proofs-of-Real-Traffic verification system (PoRT).
You can register NFTs in less than a minute for less than a penny
Alibaba & Arweave......i think so..
https://forkast.news/headlines/scmp-to-make-nfts-to-preserve-history/The SCMP today released its “ARTIFACT” lite paper, a project designed to advocate “a standardized metadata structure for recording accounts of history and historical assets on the blockchain as non-fungible tokens,” the publisher said in a statement.
The news outlet, owned by Chinese e-commerce giant Alibaba, plans to mint a collection of NFTs from its 118-year-old archives of historical moments, and aims to create greater value from its “first draft of history.”
The organization did not specify which blockchains or platforms it would create, sell and trade its NFTs on.
..........
Some Hong Kong activists also share the idea of preserving content on blockchains.
When Hong Kong’s Apple Daily, the city’s biggest-circulation pro-democracy newspaper, was forced by the government to shut down last month, a 21-year-old local developer started a “dAppleDaily” project to “decentralize Apple Daily” by scraping content from the paper’s website and putting it on Arweave, a decentralized data storage platform.
Hope you guys have been stocking up....things are gonna get real crazy real quick.
Having been here for so long , one thing most old crypto timers know is real FUD..Mtgox hack(Midas is coming lol)..BTCE shut down... ETH DAO hack..and more
This current correction has so much fear over nothing lol
Enjoy the sales and as usual cheaper they get, get more.
I expect a major uptrend soon....and a test of $5trillion crypto cap by the end of the year.
https://twitter.com/samecwilliams/status/1417553691075354628samecwilliams
Signing Arweave TXs with Ethereum and Solana keys!
https://github.com/ArweaveTeam/arweave/pull/309Likely to make it into the next network upgrade, after security audits.
Thanks for contributing, JY#4313!
https://www.youtube.com/watch?v=0oyfZWwrWXcBuyer's Strike In America: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
Recently, even the Bank of America openly admitted that the Federal Reserve is wrong -
we are not facing a period of transitory inflation, but heading an unprecedented era of higher prices of everything.
<-BUYING
https://finance.yahoo.com/news/mastercard-test-usdc-payments-stablecoin-110000926.htmlThe pilot announced Tuesday, Circle’s USDC will serve as a bridge between the cryptocurrency in consumers’ digital wallets and the fiat currency paid to merchants.
USDC is a digital token that almost always trades at $1 because the issuer promises to redeem it 1-for-1 with greenbacks at any time.
Now Mastercard and VISA USDC coming, which will only work at scale on low cost,high speed B3 coins...
ALGO,SOL & AVAX all have USDC and all scalable blockchains will store their VISA & Mastercard USDC tx data on Arweave.
https://www.youtube.com/watch?v=kJQP7kiw5FkLuis Fonsi - Despacito
https://www.youtube.com/watch?v=Yir4ieWa4EsOpen Web Foundry 4 Welcome Call | 21st July 2021
https://twitter.com/Uniswap/status/1418697012095164420Uniswap
As of today, we have started restricting access to a small number of tokens at
http://app.uniswap.orgThese changes pertain to the interface at
http://app.uniswap.org the Protocol remains entirely autonomous, immutable, and
permissionless. Sam Williams
@samecwilliams
Many DeFi UIs (including versions of Uniswap) are already decentralized on the Arweave's permaweb.
You can check out some of them here:
https://permadapp.comArweave Memes (Community Page)
You can get to the Uniswap UI as of 24/01/2021 directly here
https://uniswap.permadapp.com/#/swapStupid move from Uniswap...thankfully we got Arweave..
https://fortune.com/2021/07/23/amazon-crypto-coin-job-posting-cryptocurrency-blockchain-product-lead-payments/We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments.
Blockchain 3.0 has it covered
See you soon Amazon
https://www.youtube.com/watch?v=5IHMmbOA8FYIdeas for a Profit Sharing Community | 22nd July 2021
https://www.indy100.com/news/rishi-sunak-britcoin-digital-currency-b1890166Britcoin is coming...
Insiders at The Bank of England have described the proposal as the biggest upheaval in the monetary system for centuries, the Daily Mail
reported.
Another CBDC/Stablecoin = more crypto liquidity more higher Mcaps..
Im sure it will be built on a few of the B3 chains...Algo ,SOL and a few others get mentioned alot in the second WEF report...
http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdfArweave most likely to hold Britcoin tx data.(WEF mentions AR in its 1st ever report)
http://www3.weforum.org/docs/WEF_Cryptocurrency_Uses_Cases_2020.pdfWe are going to new All time highs...Fill those bags and hodl tight, this is the start of many more CBDC announcements...
<-BUYING
https://finance.yahoo.com/news/mastercard-test-usdc-payments-stablecoin-110000926.htmlThe pilot announced Tuesday, Circle’s USDC will serve as a bridge between the cryptocurrency in consumers’ digital wallets and the fiat currency paid to merchants.
USDC is a digital token that almost always trades at $1 because the issuer promises to redeem it 1-for-1 with greenbacks at any time.
Now Mastercard and VISA USDC coming, which will only work at scale on low cost,high speed B3 coins...
ALGO,SOL & AVAX all have USDC and all scalable blockchains will store their VISA & Mastercard USDC tx data on Arweave.
VISA are aware of Arweave, they are the ones that added it to the WEF report.
The foreword author and contributor is Cuy Sheffield
Head of Crypto, Visa, USA;
Co-Chair, Global Future
Council on Cryptocurrencies
The list of contributors is impressive and all of will be fully aware about Arweaves unique technology.
VISA (Mastercard aswell ) needs a way to store its USDC tx data
VISA is doing almost 200mill daily tx, SOL is doing around 100mill...
No Blockchain is storing this much data daily except AR.
Due to the rapid speed the SOL ledger is growing at SOL realised they need Arweave to store the SOL data...
currently VISA does more daily tx than SOL...so VISA USDC will need to be stored on Arweave aswell.
This is why its in the report, its an essential part of scalability.
Waiting for the dip...imo this is the last one at this price range before another huge week of up.
https://www.cnbc.com/2021/06/24/hong-kongs-apple-daily-to-live-on-in-blockchain-free-of-censors.htmlSimilar to BitTorrent, ARWeave breaks down a file into bits of information distributed over an open network of anonymous computers around the world. On its website, it describes itself as a “collectively owned hard drive that never forgets.”
As of Thursday, more than 4,000 Apple Daily articles had been uploaded on ARWeave. Hundreds of RTHK programs dating back to 2012 are also available.
[moderator's note: consecutive posts merged]