sn_bitcoin◱ ◱ (@sn_bitcoin) • Hey
Passionate about life
Publications
- A Collection of Street Art by Nikita Nomerz
Gm ❤️
- Celebrating the launch of in-app minting with $pointless @lens/pointless on @lens/orb !!
Hopefully soon $electric
Comment with collectible posts in $pointless&$electric and I will get them.
- now animated 🎹
code: https://editor.p5js.org/0xMoe/sketches/LOyFrDjL4
- Collect the Internet
- I wish cabs would be everywhere yellow. It's so hard to spot them in Europe.
- "How to hard-fork to save most users’ funds in a quantum emergency" by @lens/vitalik 🧠
https://ethresear.ch/t/how-to-hard-fork-to-save-most-users-funds-in-a-quantum-emergency/18901
- Crazy times by David de León in Acapulco, Mexico.
The mural location: Acapulco, Mexico
The mural theme: The mural likely reflects the vibrant and dynamic culture of Acapulco, often characterized by its lively atmosphere and colorful history.
The mural inspiration: While the specific inspiration behind “Crazy times” is not detailed, David de León’s work often draws from contemporary issues and the complexities of human emotion and experience.
#streetart #art #lensprotocol
- wow this looks so delicious 🤤
ps: croissants are my fav!
- Lens Reputation Scores Lookup and Full Data Download
This is a short little demo of how to look up reputation scores on Lens, download the whole dataset, and lookup where a given user lands in terms of the distribution of scores among all users. Live data app available to use here: https://predictcrypto.shinyapps.io/lens_reputation_with_dist/
Lots of much cooler analysis incoming here. The goal being trying to support any data needs as we discuss LIP-5 (https://github.com/lens-protocol/LIPs/pull/29) by @zkjew about opening up Lens to everyone. If you want to contribute at analysis around reputation scores on Lens or need any data in particular to evaluate a spam prevention method, please reach out and I would be happy to help pull any data that's needed 👌
999 edition size available to collect over the next 10 days, with 25% referral percentage. Also 20% going to @lens/sree33 for their work on making their work on making this data available in BigQuery (table name is machine_learning_quality_profiles) 🙏
- A dance of colors and emotions, where art meets soul. Every stroke tells a story, every hue reveals an emotion.
This is a mural painting by Sabotaje Al Montaje, a Canarian artist who has been painting walls, buildings and facades around the world for 29 years.
Sabotaje Al Montaje: His real name is Matías Mata, and he chose his artistic name to reflect his view of society as a montage that needs to be sabotaged with color. He studied Fine Arts at the University of La Laguna and has participated in social projects in different neighborhoods. He defines urban art as a free, public, educational and sometimes anarchic expression.
His style: He is known for his colorful and detailed portraits of people, often with their faces covered by geometric shapes. He uses spray paint, acrylics, brushes and rollers to create his artworks. He also experiments with abstract forms and patterns. He says he is inspired by the people he meets, the places he visits and the cultures he learns from.
#StreetArt #MuralMagic #Art #LensProtocol #Spain
- Tipping as a Smart Post is coming to Lens 💸
- Lens in 2024
- Marinade Finance: Solana's Most Liquid Staking Protocol
Brandon Tucker is a member of the Core Team at Marinade Finance.
In this episode, we dive into Marinade Finance, Solana's most liquid staking protocol and its most popular dApp ranked by liquidity. Founded in a Solana hackathon in 2021, Marinade's flagship mSOL can be found in countless DeFi integrations and strategies, which has led Marinade to become the top liquid staking protocol on Solana with over 10M SOL staked, equal to over $ 800M in value as of today, across 75k unique wallets.
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► Learn about DeFi and Web3: http://defidad.com/
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The Edge Podcast Sponsor Resources
🥩 ETHER.FI | LIQUID RESTAKING TOKEN COMING SOON!
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Timestamps
00:00 - Intro
4:55 - Brandon's background and founding Marinade
8:06 - Why build on Solana
13:26 - What is Marinade Finance?
15:37 - Marinade Native Staking
21:34 - Impact of Jito airdrop
23:42 - Lido leaving Solana
26:54 - MEV markets on Solana
28:26 - Impact of Firedancer
30:17 - Growth plan with MNDE already live
33:58 - Will Marinade ever expand beyond Solana?
35:37 - Closing
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🔗 Guest Links 🔗
► Marinade Website: https://marinade.finance/
► Marinade on Twitter: https://twitter.com/MarinadeFinance
► Brandon on Twitter: https://twitter.com/BrandonTucker
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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
- Pluva Tago
This song title, Pluva Tago,
means “Rainy Day” in Esperanto.
Soundtrack composed by AIVA (Artificial Intelligence Virtual Artist): https://www.aiva.ai
- Hack with Lens V2 at @lens/ethglobal İstanbul 🇹🇷
Prizes for:
• Best Smart Post - ① $ 5k ② $ 3k ③ $ 2k
• Best Social Experience - $ 4k
• Most Novel Social Experience - $ 2.5k
• Best Monetization with Lens - $ 2.5k
• Best Lens Integration - ① $ 500 ② $ 500
More details on bounties can be found here: https://ethglobal.com/events/istanbul/prizes#lens-protocol
- Crypto lobby spending in the US reaching new heights? Better buckle up, folks!
- "A Glimpse of Humanity" by Belgian Smok in Ronse, Belgium. #streetart #art #lensprotocol
- Anthropic, an AI innovation company that FTX invested during the leadership of SBF, has confirmed that it has received a US$2 billion financing commitment from Google. Can this investment revive FTX?
- Chainlink unlocks tokenization's global potential by enabling:
• Secondary markets to settle tokenized assets on any blockchain
• DvP settlement workflows via atomic asset swaps
• Onchain and offchain synchronization
Discover the new onchain era👇
https://blog.chain.link/tokenization-for-capital-markets/
- Gm film lovers ⚡️, **did you know...?**
In 1994, Quentin Tarantino directed "Pulp Fiction" and faced initial reluctance from Uma Thurman to play the role of Mia Wallace.
Tarantino's determination to cast her in the part led to a pivotal moment when he resorted to reading the script to her over the phone, ultimately persuading her to accept the role.
Considering this, **which other actors can you envision portraying the iconic character of Mia Wallace?**
- A Flourishing Gitcoin Ecosystem
**(collect this)**
- Lens Protocol is a blockchain-based social media protocol that aims to reshape the fundamentals of social media to give users more of what they have. Unlike Twitter and Facebook, Lens Protocol utilises the features of blockchain technology to provide users with a more open, free and secure social media experience, which will become an influential social media protocol and replace traditional social media platforms through the following strategies and advantages:
Decentralisation and User Ownership: Through its decentralised architecture and blockchain technology, Lens Protocol ensures that users have ownership and control over their data, and that users can better protect their privacy and decide how they want to use, share and benefit from their data.
NFT and Feature Identity Allowance: Users assign NFTs (non-fungible tokens) and associated identity features to create unique social media experiences.
Openness and third-party developer support: Support for third-party developers to build social media ecosystems by sharing user and subscriber data, increasing openness and innovation.
Transparent and tamper-proof: The tamper-proof nature of blockchain ensures authenticity and transparency of information on social media. Users can verify that the content posted is authentic and trustworthy, thus reducing the possibility of disinformation and information manipulation.
Community Autonomy and Governance: encouraging community participation and decision-making, through a decentralised governance mechanism, users are able to participate in the platform's rule-making and decision-making process. This community autonomy enhances the fairness and transparency of the platform.
Rewards and incentives: Users can be provided with incentives through a token economy system to encourage active participation and contributing behaviour. Users can be rewarded for creating valuable content, promoting the development of the platform, and participating in community activities.
Cross-chain interoperability: It can be integrated and collaborated with other decentralised applications (DApps) to expand its functionality and user base. Through cross-chain interoperability, users can deeply integrate their social media experience with other Web 3.0 applications.
- What’s happening in the Middle-East, and especially now between Palestine and Israel is 💔
Killing innocent people for the sake of religion is disgusting and it’s been going on for decades.
My parents escaped the war in Lebanon and they can’t watch this happening over and over again.
These wars separate us from our families. They ruin people’s lives.
Humans never learn. It’s disgusting 🤮fuck this seriously.
- MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per bitcoin. As of 9/24/23 MicroStrategy hodls 158,245 BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin.
The strength of your hand, is determined during a dip.
- Bitcoin Gets Its Own Take on Social App Friend.tech
After a 48-hour coding sprint, a Friend.tech look-alike dubbed Alpha launched on top of Bitcoin this weekend, bringing a social token experience to users of the venerated blockchain.
Like Friend.tech—which is built on Ethereum scaling network Base and saw a flurry of activity last month (and a recent revival)—Alpha is a decentralized social network protocol that lets users tokenize and monetize their online presence and content via tokens.
In other words, people can buy tokens tied to individual creators that rise or fall in price, and can be used to gate access to exclusive content. It’s another incarnation of the “social token” concept, and social finance projects like these are often billed as being a way to bring new users into the crypto space.
After the recent Friend.tech surge, pseudonymous Alpha founder Punk3700 described his Bitcoin-based platform to *Decrypt* as “the next big leap in the world of social finance.” Despite building it in a weekend, he said the project “aims to bring a luxurious and exclusive experience to social interactions.”
At the time of writing, new users are joining the network every few minutes, many of which amass tens or even hundreds of thousands of Twitter followers.
Punk3700 is also one of the core members behind New Bitcoin City, an ecosystem that is dabbling in art, on-chain gaming, decentralized finance (DeFi), and AI as a way to “explore Bitcoin beyond just a currency.”
Alpha is the collective's latest development—but its unique tech stack isn’t entirely focused on Bitcoin. According to its founder, Alpha “runs a rollup that rolls up to another rollup that rolls up to Bitcoin.”
What does that even mean? In short, it’s a way of using multiple blockchain networks to create an experience that can be responsive and scalable. In this case, the project leverages a hybrid blockchain architecture with several components: Bitcoin, Ethereum scaling network Polygon, and the project’s own Bitcoin scaling network called Trustless Computer.
According to New Bitcoin City’s website, a Trustless Computer is a low-cost and speedy layer-2 blockchain built on top of Bitcoin that can support things like a decentralized exchange (DEX), tokenized communities called decentralized autonomous organizations (DAOs), and NFT marketplaces.
It is a no-code tool that allows for developers to choose whether they want to implement Optimistic rollups or zero-knowledge rollups (zkRollups) to facilitate apps built on top of Bitcoin.
Alpha’s hybrid design uses Optimistic rollups as a scaling solution by moving computation and data storage off-chain from Bitcoin. It currently taps into Polygon, the Ethereum scaling network, using it for data storage—although Punk3700 says data availability can eventually live 100% on Bitcoin “if need be.”
This is one of the differences Alpha has with Friend.tech. Built on Base, Friend.tech leverages rollups directly on Ethereum, inheriting the network’s security. Alpha has to look elsewhere for solutions.
“Rollups on Bitcoin right now aren't true rollups because Bitcoin can't verify proofs,” explained Bob Bodily, CEO of Bioniq, an Ordinals marketplace that runs on a Bitcoin sidechain. Lack of verification on Bitcoin’s part means a certain degree of centralization will exist.
That said, he told *Decrypt* that “people don’t usually wait around for full decentralization,” pointing to the billions locked in layer-2 networks on Ethereum. “People are keen to experiment with new tech.”
Even so, Bodily isn’t sold on the answers Alpha’s team provided in response to some of the concerns expressed over the project. He said he still doesn't know who owns the smart contracts deployed on the Ethereum Virtual Machine (EVM) rollups, whether they’re upgradeable or immutable, and more.
Tokenomics also raise some enormous red flags, which the team has yet to address. According to the Trustless Computer website, the token supply is approximately $100 million TC, with 99.8% of it sitting in one address.
“I've been digging in the explorer, but it's very hard to figure it all out,” Bodily said.
Even amid such concerns, Alpha’s launch has sent a ripple of excitement throughout the Bitcoin space, much as the NFT-like Ordinals protocol and its BRC-20 token standard did earlier this year.
Jake Gallen, strategy lead at Emblem Vault, has been at the forefront of the launch. Emblem Vault is a tool that lets users store tokens across blockchains without need for a bridge. “There is a more authentic feel to it,” Gallen told *Decrypt,* citing a friendlier user experience, along with the fact that “there is no point in airdrop farming.”
“If you're building a brand, the goal is to distribute awareness across platforms," he concluded. “Just as most people have multiple social media accounts across multiple apps, crypto users will use SocialFi on whichever blockchain they prefer.”
- Scammers Used ChatGPT to Unleash a Crypto Botnet on X
OpenAI had not responded to a request for comment about the botnet by time of posting. The usage policy for its AI models prohibits using them for scams or disinformation.
ChatGPT, and other cutting-edge chatbots, use what are known as large language models to generate text in response to a prompt. With enough training data (much of it scraped from various sources on the web), enough computer power, and feedback from human testers, bots like ChatGPT can respond in surprisingly sophisticated ways to a wide range of inputs. At the same time, they can also blurt out hateful messages, exhibit social biases, and make things up.
A correctly configured ChatGPT-based botnet would be difficult to spot, more capable of duping users, and more effective at gaming the algorithms used to prioritize content on social media.
“It tricks both the platform and the users,” Menczer says of the ChatGPT-powered botnet. And, if a social media algorithm spots that a post has a lot of engagement—even if that engagement is from other bot accounts—it will show the post to more people. “That's exactly why these bots are behaving the way they do,” Menczer says. And governments looking to wage disinformation campaigns are most likely already developing or deploying such tools, he adds.
Researchers have long worried that the technology behind ChatGPT could pose a disinformation risk, and OpenAI even delayed the release of a predecessor to the system over such fears. But, to date, there are few concrete examples of large language models being misused at scale. Some political campaigns are already using AI though, with prominent politicians sharing deepfake videos designed to disparage their opponents.
William Wang, a professor at the University of California, Santa Barbara, says it is exciting to be able to study real criminal usage of ChatGPT. “Their findings are pretty cool,” he says of the Fox8 work.
Wang believes that many spam webpages are now generated automatically, and he says it is becoming more difficult for humans to spot this material. And, with AI improving all the time, it will only get harder. “The situation is pretty bad,” he says.
This May, Wang’s lab developed a technique for automatically distinguishing ChatGPT-generated text from real human writing, but he says it is expensive to deploy because it uses OpenAI’s API, and he notes that the underlying AI is constantly improving. “It’s a kind of cat-and-mouse problem,” Wang says.
X could be a fertile testing ground for such tools. Menczer says that malicious bots appear to have become far more common since Elon Musk took over what was then known as Twitter, despite the tech mogul’s promise to eradicate them. And it has become more difficult for researchers to study the problem because of the steep price hike imposed on usage of the API.
Someone at X apparently took down the Fox8 botnet after Menczer and Yang published their paper in July. Menczer’s group used to alert Twitter of new findings on the platform, but they no longer do that with X. “They are not really responsive,” Menczer says. “They don’t really have the staff.”
- Layer 2 Metis Take Back Control Of Their Official X (Twitter) Account
In today’s announcement, Metis said it has regained control of its X account and has taken appropriate security measures. This is a Sim Swap attack targeting key industry members.
We’re relieved to inform the community that we’ve regained control of the Metis X account, and have taken the appropriate security measures.
In order to confirm the reliability of this information, please verify the announcement made by @MetisDAOfdn, as well as those made in our…
— Metis (@MetisDAO) August 16, 2023
Unfortunately, one of the team members fell victim to this coordinated operation, which resulted in the bad guy being able to take over the account in about 30 hours.
Yesterday, Metis used the company’s prominent X (formerly Twitter) account as the launchpad for a phishing campaign. However, soon the situation came to light when one of the key executives, Elena Sinelnikova, revealed that the platform’s security had been breached.
This resulted in the dissemination of phishing links to over 150,000 followers. However, no damage has been reported yet. Sinelnikova expressed urgency, asserting that X needs to suspend the compromised account until the team restores control quickly.
Metis is a Layer 2 that allows users to participate in Defi with low cost and extensive functionality. The protocol provides full support for use cases such as farming yield, DEX trading and powers the Gig economy through dApps that offer fast and cheap micropayments.
***DISCLAIMER:** The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.*
- Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity.
The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven by a 27% year-on-year increase in Bitcoin production, offset by a decline in Bitcoin prices, according to the firm’s Aug. 9 results filing.
The firm’s mining revenue of $49.7 million made up 64.7% of the firm’s total revenue over the quarter. An additional $13.5 million was made through the firm’s power curtailment credits.
Meanwhile, its Q2 net loss was a massive reduction from the prior year period, which was $353.5 million. It was also around half the net loss posted in the first quarter of 2023.
The firm produced 1,775 Bitcoin in the quarter, while its average cost to mine a Bitcoin (BTC) was $8,389 in Q2, beating beat Q1’s average price.
The mining firm also reached an all-time high hash rate capacity of 10.7 exahashes per second and anticipates this figure will reach 20.1 EH/s by the second quarter of 2024, before reaching 35.4 EH/s in 2025.
The estimates come following its purchase of 33,280 mining rigs in late June, with the 35.4 EH/s figure assuming that Riot will exercise its right to purchase an additional 66,560 miners at the same price and terms at some time in the near future.
Despite Riot’s share price falling 4.42% earlier in the day, its share price fell another 0.86% in after hours, shortly after the firm’s results were released.
- You should control the "For You Page"
Choose your algorithms on @lenster.lens
Traditional platforms control their own algorithms, they decide what's visible to you.
You may want to explore different viewpoints, niche verticals, trending topics, or simply start fresh. You now have the choice.
- Former Alibaba Exec Foresees NFT Ticketing Benefiting More than Scalpers
NFT sales have had a rocky start in 2023 but the underlying technology still holds plenty of utility. Ticketing is an interesting yet underdeveloped facet of the NFT space. It stands out as a promising frontier for NFTs in the ever-evolving world of digital advancements.
As a noteworthy application of NFTs, NFT tickets play a significant role in signifying ownership and facilitating access to exclusive experiences and events. These digital tickets serve as tangible proofs of entrance, covering a wide spectrum of events, including theme park attractions, sporting events, and live concerts.
By providing verifiable proof of ownership and authenticity, NFT tickets offer the potential to revolutionize digital authentication and enhance the user experience.
NFT Tickets vs Traditional Tickets
The rise of NFTs and their applications in ticketing systems has sparked interest and conversations across various industries and stakeholders.
According to former Alibaba executive Toby Rush, brands and events alike have adopted NFTs into their ticketing processes, reaping rewarding results for both customers and organizations over the past couple of years. The trend is catching fire, captivating a diverse range of stakeholders in what is being touted as an innovative and mutually beneficial landscape.
While speaking with *CryptoPotato*, Rush said the traditional ticketing industry is plagued by several problems for decades, from scalpers ripping off honest fans out of thousands of dollars for Super Bowl tickets to scammers selling fraudulent tickets at the recent 2023 NBA finals. The number of physical ticket fraud cases, too, is growing at an alarming rate. Rush believes NFT ticketing can address this.
“Since NFTs are verifiably unique and their veracity can be easily confirmed on-chain, counterfeiting them is simply impossible in the traditional sense. As for scalping, while profit-seekers can sell NFT tickets on secondary markets at inflated prices, these tokens can also be programmed to incur fees or royalties.
This means organizers can at least get a cut of every secondary sale, unlike traditional ticketing, where scalpers are the only ones to profit from resales.”
NFT Tickets Not Designed as Speculative Asset
NFTs are volatile. There’s always a possibility of a drastic fall in an NFT ticket’s value just before the event. But Rush explains that NFT-based tickets are not designed to be a speculative asset and are not dictated by the market but by the event organizers themselves.
“As such, it is important to differentiate between NFTs as a speculative asset – where an NFT is connected to a speculatively valued piece of art, for example – and NFTs used as a digital representation of goods.
When it comes to ticketing, NFTs can be used as proof of provenance for cryptographically verifiable access to certain events, so they do not inherently hold value unless tied to something valuable.”
The exec further added that the only way NFT tickets’ prices could fluctuate independently is on secondary markets, in which case a seller could set a price ceiling on one, for instance.
This will let the smart contract prevent that NFT ticket from being resold for a higher amount, thereby discouraging ticket scalping and “ensuring that the most deserving fans can access affordable tickets, even if they are being resold on the secondary market.”
Addressing Bottlenecks and Steering Clear of Scams
NFT tickets are still an underdog but have their fair share of bottlenecks that need addressing. Limited accessibility is a major hindrance to their adoption due to their very technical nature. High gas fees associated with buying and selling are yet another factor. But both of these issues can be solved on the technical level, Rush said in a statement.
The ex-Alibaba executive added that scams concerning NFT-based tickets are very few. But one such is to create similarly named “lookalike” tokens and try to sell them as the “real thing.”
It’s still quite easy to avoid this type of fraud, Rush added, which can be done by simply verifying who issued the tokens in question. Smaller/suspicious marketplaces should also be avoided as an added security step. He also encouraged individuals to always purchase NFTs tickets directly from the issuer.
Rush highlighted the need to exercise vigilance in their responsibility to facilitate secure user interactions within this nascent technology. Phishing scams, for one, have been exemplified in the NFT space. The exec added,
“Issuers can advise users to never click on suspicious links, attachments, or pop-ups and always verify URL domain names, email addresses, and social media handles to ensure authenticity.”
No Reason for Regulatory Threat
The NFT market may have hit the summer slumber, but the post-pandemic shakeup that spurred an explosion has prompted regulators to point out an array of potential risks that still looms large, encompassing concerns over consumer fraud, money laundering, and the evasion of sanctions.
Rush, who is currently serving as the CEO and co-founder of Redeem, believes there shouldn’t be a regulatory pushback.
He explained that since NFT tickets “do not hold any intrinsic value by themselves but rather serve as proof of ownership for other physical commodities, such as access rights, they can’t be considered financial assets, so there is no reason for financial regulators to get involved or push against them.”
- Senator Lummis: Ripple Decision Reinforced Need for Congress to Create Regulation for Crypto
https://thecryptobasic.com/2023/07/26/senator-lummis-ripple-decision-reinforced-need-for-congress-to-create-regulation-for-crypto/
- Just-In: Tesla Retains Dogecoin As Payment Option; Removes Bitcoin
https://coingape.com/tesla-retains-dogecoin-as-payment-option-removes-bitcoin-news/
- Touch grass this Summer 🫳🌿
Post your touch grass pics on Lens apps. Use the hashtag #SummerOfLens
- We're proud to introduce Lens Improvement Proposals (LIPs). This open, collaborative process will guide the future development of Lens Protocol.
Taking inspiration from the successful Ethereum Improvement Proposals (EIPs) and Aave Improvement Proposals (AIPs), LIPs takes a step towards decentralized governance. The LIPs process will foster an inclusive, transparent and collaborative environment.
You will find how to participate in LIPs in the Lens Protocol’s GitHub repository, which streamlines the community participation process. It gives anyone the chance to submit proposals, and promotes open discussion.
Let's dive into the first three proposals that are live today:
LIP-0: Establishing an Open Governance Model. A process where the Lens community can propose improvements to Lens Protocol. From the submission of proposals to transparent discussions — we aim to foster an open, collaborative, and inclusive decision-making governance model.
LIP-1: Open Standards for Algorithms. A proposal to establish open standards for algorithms — based on the open Lens data layer — that will encourage the development of third-party algorithms, diverse experiences and provide user choice.
LIP-2: Open Standards for Metadata. An initiative to establish metadata standards for Lens Protocol, promoting transparency, interoperability, and user empowerment.
Take a deep dive into LIPs in our latest blog: https://mirror.xyz/lensprotocol.eth/8uxN9fMYBOqyDW5yZ6O3DDdOLEv1jJtxcw9qk4c4wgM
LIPs are our next step in enabling community involvement in shaping Lens Protocol's future.
Join us at https://github.com/lens-protocol/LIPs
- BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian
[BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian](https://forkast.news/blackrock-files-for-spot-bitcoin-etf-taps-coinbase-as-custodian/)
The ETF, if approved, would be the first publicly traded crypto product of its kind in the U.S., but the SEC just sued crypto exchanges for alleged securities violations and has rejected similar ETF applications in the past.
- Newly Disclosed Documents Expose Tether’s Reserves, Including Chinese Securities
[Newly Disclosed Documents Expose Tether's Reserves, Including Chinese Securities - Investor Bites](https://investorbites.com/newly-disclosed-documents-expose-tethers-reserves-including-chinese-securities/)
Newly revealed documents confirm Tether's USDT stablecoin is backed by Chinese securities, raising concerns about its reserve composition.
- EU Takes the Lead with Complete AI Act: Actual-Time Facial Recognition to be Banned
[EU Takes the Lead with Complete AI Act: Actual-Time Facial Recognition to be Banned - CRYPTO NEWS LOL](https://cryptonews.lol/news/eu-takes-the-lead-with-complete-ai-act-actual-time-facial-recognition-to-be-banned/)
The European Parliament has reached a major milestone by approving the EU AI Act, a set of groundbreaking rules for synthetic intelligence. This transfer marks a vital step in the direction of the primary formal regulation of AI within the Western world. Let’s take a more in-depth look! TL;DR The AI Act will impose stricter
- Gorillas, militias, and Bitcoin: Why Congo’s most famous national park is betting big on crypto
https://www.technologyreview.com/2023/01/13/1066820/cryptocurrency-bitcoin-mining-congo-virunga-national-park/?utm_source=Twitter&utm_medium=tr_social&utm_campaign=site_visitor.unpaid.engagement&twclid=2-6q7erz3bb26s4tlfdm602ms4q
- Today marks our 1 Year Anniversary of making friends onchain 🎂!
Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta.
There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you.
Who did you become frens with on Lens?
🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
- **Chinese court allows crypto for repaying debt**
Virtual assets can be used legally in China to settle debts in certain cases involving transactions made as part of barter agreements or labor services, despite the nation’s blanket ban on cryptocurrency transactions, the Supreme People’s Court of China declared at a conference earlier this year.
The country’s top court said at the conference on financial cases in January that cryptocurrencies shared some attributes of virtual properties, and if parties in cases agreed to use small amounts of cryptocurrencies to settle their debts, those contracts should be regarded as valid by Chinese courts.
If cryptocurrency transactions could not be executed due to legal restrictions, courts would determine compensation based on the actual value of the agreed sum of crypto involved when contracts were signed.
The Supreme Court added that courts would not accept any complaints by users if their cryptocurrencies had been traded after Sept. 4, 2017 — the date that Beijing imposed a ban on initial coin offerings and crypto exchange services — and in cases in which trading platforms or token issuers failed to fulfill their liquidation obligations.
Court records further clarified that the use of cryptocurrencies as payment for fiat currencies or physical commodities under the guise of contracts would be treated as illegal.
The conference records align with the Chinese government’s stance on cryptocurrencies, which emphasizes that tokens such as Bitcoin, Ether and Tether do not have the same legal status as fiat money. China issued its comprehensive ban on cryptocurrency transactions in September 2021.
Outside mainland China, Hong Kong’s push to develop itself as a crypto hub has received Beijing’s blessing, with Chinese state-owned banks now offering services to crypto firms in the territory.
The Supreme People’s Court’s draft conference minutes on how Chinese courts should deal with cryptocurrency disputes are setting a new tone for the country’s stance on crypto by recognizing crypto’s virtual property attributes.
However, the opinion of the top court remains less than crystal clear. Although it ruled that deals involving small sums of crypto should be deemed valid if they are made to settle debts involving exchanges or labor, it did not specify what sort of sums could be considered “small.”
Meanwhile, when it comes to labor, many Chinese citizens are still reportedly working from within the mainland for crypto exchanges based abroad, despite Beijing’s ban on such work as of September 2021. The latest Supreme Court guidance seems unlikely to overturn that labor restriction, as the top court noted that crypto compensation in contracts involving labor would be valid only if no other grounds existed to invalidate them.
Blockchain analytics firm Chainalysis estimates that an average of US$17 billion worth of crypto flowed into China monthly last year, half the level of 2021, according to a Bloomberg interview with Caroline Malcolm, Chainalysis’ global head of public policy. That suggests the ban has either been ineffective or only loosely enforced, according to the report.
The release of the Supreme Court’s consultation draft comes at an opportune time, with Hong Kong once again burnishing its crypto credentials. By declaring certain contracts involving crypto to be valid, Chinese courts appear to be aligning with the laws of Hong Kong, which recognize cryptocurrency as property. Does that suggest Chinese authorities could loosen their anti-crypto stance further and reverse the mainland’s crypto ban? We would not bet on it in the short term, but the more distant future is anyone’s guess.
- Bom dia, Lisboa! 🇵🇹
🗓 Sunday, May 14th
📍 Casa Reîa, Costa da Caparica
🚪 Doors open: 6:00 pm - enjoy the sunset!
⛱️ Dress code: Ronnie on the beach!
🎟️ No ticket, no entry!
𝒩𝑜 𝓃𝑒𝓉𝓌𝑜𝓇𝓀𝒾𝓃𝑔 𝑜𝓃 𝓉𝒽𝑒 𝒹𝒶𝓃𝒸𝑒 𝒻𝓁𝑜𝑜𝓇 🙅🏻♀️
- How to run a Momoka Verifier
This video walks through how to run a Momoka Verifier on your local machine 👟
The Momoka Verifier enables you to operate a trustless verifier node that validates LENS DA publications in real-time.
It can also serve as an indexer, allowing you to stream and index the data yourself.
This open-source solution relies exclusively on software that you can run independently, without any dependency on LENS.
This ensures that even if LENS were to cease operation, you would retain access to your content, maintain proof of ownership, and continue to utilize it, all thanks to a decentralized data availability storage layer.
- 🦋 🌳 🦋 🌳 🦋 🌳 🦋 🌳 🦋
Bonsai support is now live on Buttrfly
- Hey, frens 👋.
How to grow on Lens: Episode 0 to 500 followers 🔥 is out.
https://luduvigo.substack.com/p/how-to-grow-on-lens-episode-0-to-500
I hope it can be helpful, and I am curious about your feedback.
Let me know what you think about it 🚀.
- Hey @lensprotocol and @lenster.lens fam! #️⃣
Excited to share our second blog!
The Alpha version is a milestone for @lenstags.lens because it marks the end of one phase and the beginning of a new one. We will soon open our waitlist so stay tuned! 🔥
Take a peek behind the scenes towards this checkpoint, as well as updates and forthcoming plans 👇
https://mirror.xyz/feiwian.eth/eMHwGXpsCHwk07iDQdpxatgEBM5hKaJ3BoylZa2Y2Tk
- What are your go-to AI apps for productivity? This is the one I personally use the most by far and I really recommend it: https://flux.paradigm.xyz/
Sometimes I use this one as well: https://www.phind.com/ outside of these two I mostly use my own GPT apps that I made for myself (I made myself "TalkGPT" so I can talk to it while doing chores)
- How to Make Money on Aavegotchi
How to Make Money on @aavegotchi.lens
This is a clip from the previously recorded live conversation "How to Be an Aavegotchi Master and Take Over The Metaverse" with @zombieshepherd.lens and @0xzfi.lens which can be found here: https://lenstube.xyz/watch/0x011f55-0x1050
—-------
If you liked this content, please consider giving a like, mirror (retweet) and follow this channel at @chriscomrie.lens :) #LMCC
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You can also find me on twitter at @ christafarious
Join Phaver app with my code to access Lens on mobile: https://phaver.app.link/chriscomrie
If you like this video you might also like other popular ones like:
ULTIMATE BEGINNERS GUIDE LENS PROTOCOL https://lenstube.xyz/watch/0x011f55-0x05d7
NEW TREND FOR CREATORS TO 💰 MONETIZE COMMUNITY https://lenstube.xyz/watch/0x011f55-0x0752
MUSEUM OF LENS🌿 - MOLENS- EXPLAINED https://lenstube.xyz/watch/0x011f55-0x04f5
- we are anotherblock – a music NFT platform that provides real-world value through streaming royalties onchain. by collecting anotherblock NFTs you earn % of the streaming royalties based on the performance of world-renowned songs.
INVESTING IN MUSIC - MADE EASY
⬛️ join us on our @lensprotocol journey ⬛️
- SHINSEI GALVERSE: ORIGIN STORY - EPISODE 2
Welcome to the brink of the universe! You met the team in Episode 1. Now, hear how they took the concept of Galverse from an idea to reality, taking on the wild world of Web3 and anime at the same time!
Shinsei Galverse is Japan's first breakout Web3 success story. 8,888 Gals shooting across time and space to make the galaxy a better place!
Inspired by nostalgic 80s and 90s anime, the Galverse team aim to create something entirely new by reimagining these ideas with modern values and badass Gals at the front and centre.
- Releasing a new tool to summarize your social media timeline 🎉 https://predictcrypto.shinyapps.io/timeline-summary/
This one has been a long time suggestion by @nader.lens as well as one of the suggested ideas for the Tokyo hackathon, but I haven't seen one yet so I made it.
Please consider collecting to offset some of the costs of developing, running, and maintaining these tools 🙏 25% goes to Nader since it was his idea 😊
Please watch the video example on how to use this. You can choose between summarizing the most popular posts by people you follow over a period of time, or their most recent posts. There is text-to-speech that reads you out the social media summary. There are better sounding ones, but they cost more and I think it sounds pretty good.