Crypto vision 2.0
Shroff's backing of Miami 2. The pledge by IBC group, the largest in Bitcoin history, will be significant in facilitating the digital-currencies adoption across multiple industries and critical in aiding Miami's vision to integrate Bitcoin in everyday transactions. An avid supporter of Ethereum 2. IBC Group was recently approached by landmark U. S based real-estate developer Burkhan World Investment LLC to increase the adoption of the blockchain technology in Real Estate and to enable efficiencies in government and private sectors.
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What is Ethereum 2.0, and why does it matter?
Last year, three cryptocurrency enthusiasts bought a cruise ship. They named it the Satoshi, and dreamed of starting a floating libertarian utopia.
O n the evening of 7 December , in a hushed San Francisco auditorium, former Google engineer Patri Friedman sketched out the future of humanity. From behind a large lectern, Friedman — grandson of Milton Friedman, one of the most influential free-market economists of the last century — laid out his plan. He wanted to transform how and where we live, to abandon life on land and all our decrepit assumptions about the nature of society. He wanted, quite simply, to start a new city in the middle of the ocean.
In a four-minute vision-dump, Friedman explained his rationale. Why, he asked, in one of the most advanced countries in the world, were they still using systems of government from ? Government, he believed, needed an upgrade, like a software update for a phone. The difficulty in starting a new form of government, said Friedman, was simply a lack of space.
All the land on Earth was taken. What they needed was a new frontier, and that frontier was the ocean. He wanted seasteading experiments to start as soon as possible. Within three to six years, he imagined ships being repurposed as floating medical clinics.
Within 10 years, he predicted, small communities would be permanently based on platforms out at sea. Politics would be rewritten. The beauty of seasteading was that it offered its inhabitants total freedom and choice. Quirk now runs the Seasteading Institute; Friedman remains chair of the board.
Then, in October , it seemed his dream might finally come true, when three seasteading enthusiasts bought a metre-long cruise ship called the Pacific Dawn. They hoped it would become home to people just like them: digital nomads, startup founders and early bitcoin adopters. Their vision was utopian, if your idea of utopia is a floating crypto-community in the Caribbean Sea.
The Satoshi also offered a chance to marry two movements, of crypto-devotees and seasteaders, united by their desire for freedom — from convention, regulation, tax. Freedom from the state in all its forms. But converting a cruise ship into a new society proved more challenging than envisaged. The high seas, while appearing borderless and free, are, in fact, some of the most tightly regulated places on Earth. The cruise ship industry in particular is bound by intricate rules.
A s with many stories about techno-libertarian fantasies, the tale of the Satoshi begins in an all-male, quasi-frat house in San Francisco in the late 90s. Romundt — a softly spoken Canadian with the optimistic, healthy glow of someone who combines entrepreneurial success with water sports — was living with a bunch of software engineers, all of whom shared an intense dedication to personal improvement.
After his San Francisco stint, Romundt, the son of a hairdresser, created ScissorBoy in , a popular online TV series on hairdressing, and then ScheduleBox, a website which offered a digital receptionist service for hairstylists to book in their clients. The giant fully awakened, he moved back to Canada, where he lived on a houseboat on Lake Ontario and went kayaking in the mornings as the sun came up. Romundt was curious, they got talking, and the man turned out to be Joe Quirk, who was by this time running the Seasteading Institute.
So far, the Seasteading Institute had experienced variable, or zero, success with its projects. An attempt to create a floating island prototype in French Polynesia in met with fairly fierce resistance from the people of French Polynesia and collapsed a year later when the government pulled out of the scheme.
After meeting Quirk, Romundt decided he wanted to try again. Quirk introduced him to two other aspiring seasteaders, the passionately libertarian American Elwartowski and the bitcoin-wealthy German engineer Koch. Together, the trio founded a company, Ocean Builders. Using their own money, they funded the first attempt at a single residential seastead, in the form of a floating white octagonal box 12 nautical miles off the coast of Thailand.
Elwartowski and Summergirl had to flee the country before the Thai navy dispatched three ships to dismantle the floating box. The seasteading movement did not die there. In , Romundt, Koch and Elwartowski moved their company to Panama, where they had found a government willing to back their next project: the SeaPod. These would be individual floating homes held 3 metres above the water by a single column and a tripod-shaped base beneath the ocean. Inside, every surface is curved, as if you were living within the smooth, colourless confines of a peppermint.
Romundt compared the SeaPods to the architecture in The Jetsons, the 60s cartoon where the characters lived in glassy orbs in the sky. Progress was slow. Even once they had a successful prototype, Romundt predicted the factory would only make two SeaPods a month. By autumn , though, the situation had changed. Like many parts of the travel industry, the cruise ship business was collapsing because of the pandemic: multiple cruise lines were going into administration, empty ships filling up ports like abandoned cars in a scrubby field, or being sent to the scrapyard.
Cruise ships, the Ocean Builders trio realised, would be going cheap. Sure enough, they found a bargain. They instructed Olthuis to draw up the plans, placing the ship at the heart of a floating community surrounded by SeaPods. In his scheme, the Satoshi would connect, via two looping tunnels on the water, to human-made floating platforms designated for agriculture, manufacturing and parkland. From the air, the whole community would form the shape of the bitcoin B.
The scheme had the support of the Panama government. In fact, the Ministry of Tourism hoped that a new ocean community would be a draw for visitors. Any room for me?? What taxes will she be subject to? Elwartowski answered every question with grave attention to detail. There would be generators at first, followed quickly by solar power. This would be an eco-friendly crypto-ship. As for tax, you would not pay any on earnings made from ventures based in territory beyond Panama.
You would be free to make, or mine, as much money as you liked. It turned out that the only cooking facilities would be in the restaurant. For safety reasons, no one was allowed to have a microwave in their rooms — though some cabins had mini-fridges, noted Elwartowski, determinedly sidestepping the point.
Incoherent scam. Marketing of the Satoshi soon began in earnest. Her cabins were to be auctioned off between 5 and 28 November, while the ship was crossing the Atlantic towards Panama. Ocean Builders held a series of live video calls for potential customers which attracted people at a time, Olthuis told me, with Romundt, an expert steward of the multilateral video call, at the helm.
On the Viva Vivas website, a Frequently Asked Questions page covered the basics of the cabin auction process, fees and logistics. Specially trained staff would be hired to keep the ship Covid-free and through a partnership with a platform called coinpayments. The final entry on the FAQ page, regarding the possibility of having pets on board, gave a bracing insight into the tension between the idea of freedom and the reality of hundreds of people closely cohabiting on a cruise ship.
The answer linked to a separate document , containing a point list of conditions including one that declared no animal should exceed 20lbs in weight, and any barking or loud noises could not last for longer than 10 minutes.
If a pet repeatedly disturbed the peace — more than three times a month or five times in a year — it would no longer be allowed to live on board. One Reddit respondent — maxcoiner on Reddit, Luke Parker in real life — was as close to the target market of the Satoshi as it was possible to imagine. A longtime follower of the seasteading movement, he was also such an early and successful bitcoin adopter that he and his wife were able to retire early thanks to their investments.
A variety of considerations held him back. Tiny bathrooms? Tiny everything? On 29 November, Elwartowski published another post on the Viva Vivas website, announcing the official opening of the Satoshi in January The novelty was too much for Parker.
O ver 30 years of service, the Satoshi herself had seen enough of the world to know every permutation of life at sea — apart, perhaps from what it might be like to be a permanent home to 2, crypto-investors. Built in in the Fincantieri shipyard in Trieste, Italy, she is one of only two cruise ships designed by the Italian architect Renzo Piano.
The other, the Crown Princess, was sent to the scrapyard last year, a Covid casualty. Throughout her life, she has been admired for her distinctive features: a domed roof rising above the navigation bridge, water slides that curl round her funnel and a stern whose elegantly rounded form is in marked contrast to the blunt, sawn-off rears of some giant cruise liners.
Those who prefer an understated cruising experience also appreciate her discreet size: compared to the largest cruise ship in the world, The Symphony of the Seas 18 decks, 23 swimming pools she is a modest vessel 11 decks, two swimming pools.
For many years, the Pacific Dawn cruised the south Pacific, enjoying a serene phase of life, interrupted only by an onboard swine flu outbreak in and the time she lost power and came within 70 metres of crashing into the Gateway Bridge on the Brisbane River.
In , a devoted Facebook group was established by fans. Then, in , it briefly looked as though Dawnie was set to join her sister on the scrapyard, after her sale to British cruise company, Cruise and Maritime Voyages, collapsed in the pandemic.
Her fans were grief-stricken, weeping emojis piling up on the Facebook group. When it was revealed that the ship had been rescued by Ocean Builders, there was a wave of relief, if a little mystification at her new name. A week later, she was handed over to her new owners Ocean Builders and officially became the Satoshi. Koch flew over from Panama to cross the Atlantic aboard their new purchase. The team hired a management company, Columbia Cruise Services, to run the ship and provide a minimum crew of about 40 people, mostly Ukrainian, including a cook, engineers and cleaning staff.
A seasoned British cruise captain, Peter Harris, arrived to take charge. As soon as Capt Harris joined the ship and met Koch on board, he realised there would be challenges ahead. Koch, he said, was admirable in his ambition, and a likable, law-abiding man, but he was naive about how shipping worked and had an abhorrence of rules. To sail anywhere, Harris explained, a ship requires certificates of seaworthiness.
Usually, a new buyer would ensure they lasted a couple of months to cover any onward journey, but no one on the Ocean Builders side had checked. By the time Columbia Cruise Services came on board and informed the team of the situation, the contracts had all been signed.
Before the Satoshi could cross the Atlantic, the team were obliged to sail the ship to Gibraltar and have her removed from the water, a process known as dry-docking, to perform essential repairs and renew the certificates.
People are talking about Web3. Is it the Internet of the future or just a buzzword?
Web 2. The www synonym used to and often still does preface a web address and was one of the first characters typed into a web browser when searching for a specific resource online. Internet pioneer Tim Berners-Lee is credited with coining the term World Wide Web to refer to the global web of information and resources interconnected through hypertext links. Berners-Lee pioneered the early development of the internet in when he was a computer scientist at European researcher CERN. By the mids, the introduction of web browsers such as Netscape Navigator ushered in the era of Web 1. This was the age of static web pages retrieved from servers, a far cry from the slick content that is taken for granted today. Most internet users at that time were delighted by the novelty of features such as email and real-time news retrieval.
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The internet of the future, Web 3. Learn how Layer 1 solutions like Ethereum support Web 3. Web 3. Find out how you can buy trending Web 3. Cryptocurrencies are facilitating the rise of Web 3. Harnessing the power of decentralized networks, Web 3. In this post, we explore how Layer 1 solutions help support Web 3. Trusted by millions worldwide, the Binance platform features an unmatched portfolio of crypto products and offerings, including decentralization and infrastructure solutions. And now, you can buy Web 3. Sign up for a Binance account and start buying Web 3.
Web 2.0 and Web 3.0
The ability to write programs with money is as big a breakthrough as the ability to write programs with documents. It gives Wall Street's capabilities to anyone, without expensive lawyers or financiers. This quote on the transformational potential of smart contracts belongs to Balaji S. Srinivasan , a well-known advocate of the transformational potential of crypto at large.
Ethereum is Halfway Towards its 'Grand Vision' - Vitalik Buterin
Help us translate the latest version. To bring Ethereum into the mainstream and serve all of humanity, we have to make Ethereum more scalable, secure, and sustainable. Ethereum needs to support s of transactions per second, to make applications faster and cheaper to use. Ethereum needs to be more secure. As the adoption of Ethereum grows, the protocol needs to become more secure against all forms of attack.
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Bobby Allyn. Web3, short for web 3. There's a buzzword that tech, crypto and venture-capital types have become infatuated with lately. Conversations are now peppered with it, and you're not serious about the future until you add it to your Twitter bio: Web3.
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The MediLedger Network is the industry network 2. The MediLedger Network was established in by leading companies in the life sciences and healthcare industry and is administered by Chronicled, a technology company that releases improvements for the network and develops solutions on top of it. Chronicled provides ongoing support and improvement of the network. Chronicled authenticates new participants wishing to join the network. Through MediLedger, Contract updates are shared in real-time between trading partners ensure alignment and increased pricing accuracy. Through MediLedger, pharmaceutical products returned to the wholesaler, can be verified against manufacturer data on the blockchain in under one second. Through MediLedger, manufacturers and wholesalers can achieve full compliance with the saleable return requirements of the Drug Supply Chain Security Act.
Virtual worlds, subreddits, hacker collectives, DeFi protocols, and fashion houses all use Aragon to take their communities to the next level. A pioneering framework for frictionless DAO governance with on-chain execution and plug-in dispute resolution. The ultimate solution for creating and managing proposals and voting in a decentralized, cost-effective, and secure manner.
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