Great article — Highly recommended to READ IN FULL.
“Let’s explore specifically how the latest fiscal and monetary outlay – equivalent to 25 percent of one year’s worth of America’s entire productive capacity – is being unevenly distributed. In short:
- The U.S. government is selectively distributing funds to entities most adept at positioning themselves for handouts
- The U.S. government is directly rewarding corporate failure and discouraging the standard process of capitalism
If corporations fail, equity holders should bear the necessary cost of their poor governance decisions, creditors should take over, and boardrooms should learn the meaning of risk once again. It will be a lesson they never forget.
Standing in the way of the standard insolvency, restructuring or liquidation processes that undergird effective capitalism is a violation of nature: Individual mortality is what guarantees the thriving of the collective; conversely, prohibiting failure guarantees the stagnation of the whole.
After the government rewarded the directors of insolvent financial institutions during the crisis of 2008-2009, the best we could muster as a response was a ragtag bunch of protestors in New York City’s Zuccotti Park on the left, and the Tea Party and Ron Paul on the right. Today, these movements have been utterly defanged: There is no party that endorses fiscal responsibility or monetary restraint.
The truth is, both parties are profoundly beholden to the managerial class and this zombie-capitalist system they have incubated. The progressive movement tried valiantly to rid the Democratic Party of its corporate influence; the movement was brutally quashed not once but twice. And the Republicans have scarcely ever resisted the capital-political complex.
Ultimately, policymakers will make their choice. But unlike in 2009, the population is more prepared now. Even though we have been temporarily cowed by the virus, the outrage will be no less fierce. The solution lies not within politics, but outside of it altogether: No vote can arrest this slide. The only genuine choice is dissociation altogether.“
Good read.
“Now that Ethereum has been released into the wild for almost 5 years, the phenomenal growth it has gone through has helped the industry notice what its bottlenecks are and what can be improved.
This post will go over what are the major changes being made with Eth2 that people might not know about.
Combined with an extremely low issuance rate (<1.0%), fee burning might cause Ethereum 2.0 to have a net negative issuance, meaning more supply would be burned than what is being created!“
See Also: Prysmatic Labs: Eth2 Update
See Also: Welcome to ETHPlanet
“Each investor gets their own ethereum address with ERC-20 tokens that represent their allocation of the specific investment. They can go to Etherscan and view those tokens. The term sheet of the deal points to the particular contract on Ethereum representing all owners (pseudonymously) and their allocations.
Securities. On. Ethereum. Today. And virtually nobody is talking about it. Gradually, people will see that having a global ledger that is transparent and open will give them a strategic advantage over their competitors.
I believe this is how we will see the traditional financial infrastructure move to Ethereum. It will be in pockets, those pockets will connect and work seamlessly together. Building and reinforcing liquidity on each other and making it easier and easier to transact, audit, trade, and invest.”
See Also: How Citi and ConsenSys Are Using Blockchain Technology to Help Modernize the Commodity Trading Market (Good Read)
“GM has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles.
Any difference is transmitted to a blockchain network that holds all the map data. The “candidate transaction” is then validated if other vehicles report a similar change.”
The Disrupt 