Tag: regulation

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‘Decentralization’ has become an empty word used by ultra-centralized companies and ultra-centralized regulators to hijack innovation, and shape Web3 deployment to their interests.

Crypto: Where are the Added Value Apps?

In 1999 Friedman predicted Bitcoin stating that internet would reduce government power and introduced the idea of digital cash, in order to reduce the power of a third party in transactions. I think that´s a legitimate objective.

Also, a business structure where control is spread out rather than hierarchical such as DAOs, and where a community of like-minded people is working together towards a common interest, without a central authority, is also an interesting figure with tons of potential to create value.… Read more...

Crypto money: A Matter of Boundaries

Governments can define and control the boundary conditions of fiat money through banks and marketplaces. This way they control the transactions between fiat and crypto with KYC, AML, etc. regulations.

The real issue in crypto is not about how to move money around, but about how to move fiat money into the Blockchain, in order to create a real economy in there.… Read more...

La Ecuación de Schrödinger y los Multiversos

Cuando hablamos de que la ecuación de onda “colapsa” en unos valores concretos estamos introduciendo un sesgo cognitivo. Lo que ocurre en realidad es que nuestra conciencia solo observa (realiza) un valor concreto de la ecuación, haciendo que nuestra realidad siga por un camino determinado.

Existe múltiples universos porque todas las soluciones de la ecuación son igualmente válidas.… Read more...

Notes on Privacy

In 2019 the Internet is more centralized than ever before and eventually it will become just another media system, like cable TV. You will have issued your “internet access device” and it will only run on approved services and software that is fully monitored.

This is closer than it looks with mobile apps and its only left to close non regulated services using some terriorist, anti-russian or whatever any other bullshit they come up with for the ISPs / networks to disallow via traffic blocking.… Read more...

Blockchain for Payments (analysis)

BC payments are different because they rely on no middle men. BTC payments are possible without banks and ANY other institution with complete transparency acroos the globe without worrying about exchange rates.

What are the various opportunities to use the technology
BC for payments can be developed in many forms, but they need to consider:
– Legal aspects: the currency can be a cryptocurrency or a legal tender euros or dollars.… Read more...

Notes on The Current Payment System

 

Everyday transactions should be simple, clean, and anonymous, not logged into some stnking database for all eternity. I don´t want to be rated, tracked, sliced, diced, and data-mined by some techbro filth.

Grown increased complex in the system with many providers for different services. A single payment can activate 5 or more actors.… Read more...

When to use Blockchain?

– When you want to store something immutably.
– When things keep adding but old don´t change.
– Legal stuff, health records, insurance, communications records, etc.
– When you want to decentralize the control. Eg user identity management system.
– When you want proof of ownership of actions, documents or digital assets.… Read more...

Blockchain Main Challenges and Issues

Almost 5 years have passed since  I got into BC technologý and its still the same issue:  its overvalued in their expectatives. Lots of money in ideas and projects that cant be implemented. SC cant work outside the BC and of course cant interact with the physical world.

Blockchains need realiable interfaces  and thats a major weakness-

Cada vez aque un programa o contrato o usuario hace algo, todos los nodos de la red deben acordar que la acción ha tenido lugar y para ello deben hacer funcionar el mismo contrato.… Read more...

Porque Blockchain es Incompatible con el Sistema Actual

Vivimos en un modelo de autoridad explotable. Es decir, han convertido la confianza que todos depositamos en los poderes públicos en una autoridad central (económica, fiscal, legal, etc) en la que no tienes voz ni voto. Sino que además te obligan a pagar por su existencia, por el uso obligatorio que debes hacer de ella, e incluso pagar cuando ésta decide actuar contra ti por su cuenta.… Read more...

Crypto Regulation: a False Problem

(Regulate the cars as if they were horse cars).

The problem isn’t whether there should be regulation or not: no one is stupid enough to participate in a network where there are no rules or regulations of any kind. And that’s certainly not the case with Bitcoin.

Bitcoin rules are not imposed from a desk.… Read more...

Criptomonedas y Respaldo en Oro

La mayoría de las ‘gold-backed’ cryptos son un fake. Todas aquellas que no están asociadas a una cantidad fija de oro, 100% redimibles (entregándote tu porción de oro) no deberían ser consideradas como respaldadas por oro.

De lo contrario uno podría decir que cualquier divisa como el dólar o el euro está también respaldada por oro (allí donde el país emisor tenga reservas), lo cual es obviamente falso.… Read more...

El Dinero y la Última Batalla por la Privacidad

Hace años que algunos dábamos por hecho que habría regulación para todo el mundo de las criptomonedas. De una forma u otra los gobiernos y sus verdaderos amos (los organismos internacionales) tratarían de adelantarse a los acontecimientos creando ellos mismos sus propias monedas electrónicas.

Poca gente es realmente consciente de lo que implica dinero electrónico controlado de forma centralizada por los gobiernos.… Read more...

Tres grandes etapas evolutivas

Etapa 1: Hombre animal. Producto de la evolución natural del Planeta, junto a las demás especies. Está sujeto a las leyes del Planeta, que dicta su forma de sobrevivir.

Etapa 2: Hombre máquina. Fabrica tecnología (herramientas) con las que cambia el entorno, impone su voluntad a las demás especies, y decide su propia evolución dentro del Planeta.… Read more...

The 2 sided collectivism

Many people assume that capitalism is still ongoing, but we are now living in a 2 sided collectivism, which gets more powerful day by day:

1) The public collectivism which regulates and taxes our lives more and more,
2) and the corporate collectivism, which manages natural resources and workforce all around the globe.… Read more...

Notes on CBDCs

Talking of Bretton Woods, this IMF article alludes to a huge change coming but lacks real clarity outside of allowing much more fiscal stimulus via monetary mechanisms.

https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment

And tomorrow, the IMF holds a conference on digital currencies and cross-border payment systems..… Read more...

Scarcity and the Idea of Fiat Money

The essence of economics is to generate scarcity. The modern idea of money is something totally separate from the concept of value: without real backing, manufactured from debt; free for some, unaffordable for others. And no matter who is in Parliament: its fundamental mission is to generate scarcity: scarcity of jobs, scarcity of land, scarcity of talent, scarcity of health.… Read more...

What led China to where it is now?

The Berlin Wall had fallen and a uni-polar world was born. The US reigned supreme.
China was insignificant and Russia was moving towards the West with Gorbachev.
Everything was going so well, how could anything possibly go wrong?
An open, globalised world tilted the playing field in China’s favour.
The US was shooting itself in the foot with this half-baked idea.… Read more...

El conflicto entre el taxi y VTC

En el debate de las VTC se repiten un montón de consignas gremiales y políticas sin conocimiento alguno del asunto.

Para empezar, Cabify es una empresa española, no una multinacional. Uber es una empresa extranjera (no una multinacional). Estas 2 empresas sirven de plataforma para contratar el servicio, pero el servicio lo prestan empresas españolas, que trabajan bajo un marco regulado, con licencias otorgadas por las CCAA, denominadas VTC.… Read more...