• Commentary,  Cryptocurrencies,  Education,  Innovators,  Regulation

    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…

  • Bill Miller investing BTC
    Bitcoin,  Commentary,  Cryptocurrencies,  Innovators,  Latin America,  Politics,  United States

    Our Weekly Bitcoin Review

    Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador

    In the cryptocurrency space,  no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop.  Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…

  • Uphold kick over banking
    Cryptocurrencies,  Innovators,  Technology

    J.P. Thieriot wants to kick over finance as you know it

    Digital money platform Uphold lets users trade everything from bitcoins and stock to gold and carbon emission credits—and put them on a debit card

    It’s an ambitious—to say the least—goal for the trading app company, which in September added the ability to trade fractional shares of 50 U.S.-based stocks to its list of 36 cryptocurrencies, 27 fiat currencies, four precious metals and—as of Dec. 1—tokenized carbon offset credits.

  • Ben Goertzel AI into DeFi
    Ethereum,  Innovators,  Technology

    Ben Goertzel is putting artificial intelligence into decentralized finance

    SingularityNET’s founder discusses his new DAO, sci-fi level AI coming to crypto finance, his frustration with Ethereum, and embrace of Cardano

    Decentralized AI marketplace SingularityNET has announced a new DeFi project called SingularityDAO. Modern Consensus caught up with founder and CEO Ben Goertzel via Google Hangouts to learn more about this new project, his company’s recently announced Cardano partnership, and when he thinks we’ll have superintelligent artificial intelligence.