Автор: Macage
Bitcoin dinosaur
Play Now! After its successful private sales as well as the1st and 2nd pre-sales held last year and early , the Frutti Dino team is currently sparing no effort to prepare for the official launching of their main game. Frutti Dino Stories — a social-oriented game in the growth simulation genre where users can raise the Dino characters- is expected to launch in the fourth quarter of this year.
Meanwhile, the main game Frutti Dino is expected to launch in the first quarter of The company is anticipating the official launching of both games will boost the value of their token. MAP is an intricately designed strategy to allow the players to acquire the ownership of the in-game characters they have raised through NFT minting, and to load the NFT to the upcoming main game to play the game. The strategy is expected to attract general gamers who are not familiar with P2E games to be naturally connected and introduce the acquired players to blockchain and NFT minting services.
This was particularly true of the sorts of coins that served as small change for the lower classes of society. According to monetary historian Eric Helleiner, merchants in England issued low-denomination coins made of copper , lead and tin from the 13th century onward. Indeed, by , only 8 percent of all the copper coins in circulation looked as though it came from the mint, though much of this was likely counterfeit.
Similar conditions prevailed elsewhere. In Mexico, Helleiner estimates that 2, shopkeepers in Mexico City issued their own coins in Private currencies got a further boost during the industrial revolution , when British factory owners became desperate for small change to pay wages. Much of this currency consisted of coins made of copper, or occasionally silver , but by the nineteenth century private paper currencies became common as well.
In Tokugawa Japan, for example, local lords issued their own paper notes, with 1, different kinds of currency in circulation by the s.
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To me, altcoins are more like stocks being issued to try and fund a rival Bitcoin project that will eventually fail. Tokens will be around forever, they are not going anywhere, protocols and chains will be around, they are not going anywhere, but trying to compete on the grounds of sound money, you will lose to Bitcoin. Shitcoins benefit from the money illusion. They are valued at a premium of the off-chance that they could rival Bitcoin.
The way I see it is altcoins and shitcoins are a way to access public market capital without the need for an IPO or a SPAC and going through all that regulation. Launching a coin is pretty simple, and if you can convince enough people to part with their fiat or Bitcoin, you can quickly build up a treasury for you to fund your project.
The problem is shitcoin investments still adhere to the fiat standard; the whole goal of these VC and angel-funded coins is to make more fiat for their seed investors, which they do, without delivering a product. Altcoins are trickle-up economics on steroids, and they are NOT decentralised. They may be distributed as in a few copies of the ledger are run by different parties, but those parties can all collude, and often, all those parties are tied to the same entity. These projects are decentralised in name only DINOs.
Altcoins have taken the convenient aspects of blockchain and left out the complex trade-offs needed for true decentralisation; they are decentralised theatre. They pretend to be decentralised, but when they hit a wall, suddenly they can re-work the code, change the monetary policy, change the way consensus is achieved.
So what is immutable if anything can be changed? Nothing, these chains are fintech companies pretending to be decentralised to avoid specific regulations and access cheap retail capital and rent seek from the general public. They eventually produce nothing or something that is doomed to fail.
Achieving true decentralisation. True decentralisation is based on direct user-to-user communication. This way of communication solves the privacy and censorship issues of centralised communication. Implementing true decentralisation may still use a blockchain — not as a central element but as a support element in the implementation. They can be shut down and either bought out by larger entities or forced to play by regulator rules. Blockchain had one application, and that was for sound money.
Bitcoin achieved that, and the rest will imitate it until their funding rounds dry up, governments shut them down, or banks acquire them. Current estimates put its annual energy consumption at TWh. Kamal sees the energy conundrum Bitcoin faces as a significant factor in its breakdown.
What matters is how governments interpret the data and enact legislation taking into account other agendas. Kamal mentioned the tougher regulations coming in from both Turkey and India. Could you be next big winner? Ethereum to Take Over Top Spot? ETH 2.
Phase 2, the final phase, is penciled in for a rollout. He believes new technological advancements in computer science, cryptography, and mathematics could inspire change.
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