Most teenagers are excited for their 18th birthdays because they can legally get a tattoo, rent an apartment, or maybe go ski diving. I was excited because I was finally going to be able to buy into cryptocurrency, a concept that had already fascinated me for months prior to my 18th. That was a little less than 14 months ago, but I have never been so glad that I did anything. I have always had an infatuation with economics, the distribution of wealth, and how society functions in respect to currency. The idea that cryptocurrency could disrupt the current economic system fascinates me to no end. When I first got…
-
-
What are DAOs?
How decentralized autonomous organizations communicate and function
DAOs and how they communicate A Decentralized Autonomous Organization (DAO) is an organized community on the Internet that pools funds together in an effort to achieve a common goal. DAOs are often run using Ethereum (ETH) tokens, but they can have their own governance tokens specific to the project as well. The DAOs that tend to get news coverage are those that fail at their goal, or that get hacked and lose millions. It’s conventionally unfair to use that as a reason to disparage the decentralized organizations, as the same thing also happens to normal LLCs. Discord is a platform that users can use to create servers for a variety…
-
Uniswap socks-backed tokens reach $92K
185 of the tokens have been burned to redeem the footwear. This could be the most expensive hosiery that the world has ever seen. UPDATE: They’re at $158,000
According to crypto asset market data website CoinGecko, the value of the NFT SOCKS tokens—each backed by a pair of Uniswap-branded socks that can be redeemed for the token—reached an all-time high of $92,763.27 on Feb. 16. At their highest, the 500 SOCKS had a market cap of about $28 million.
-
One third of U.K. too baffled to buy bitcoin: survey
62% of interested U.K. residents said they have not bought cryptocurrencies because they do not understand the market, and 45% because they do not know a safe way to acquire them
“Our survey highlights the importance of financial inclusion, and that is why we will continue to spread the word not just about how crypto works but also how easy and safe it can be now to buy and sell," said Ziglu CEO Mark Hipperson.
