The Disrupt Weekend

We’ve deployed the Arbitrum contracts on Ethereum mainnet, and have begun onboarding infrastructure and projects. The developer interest and enthusiasm for Arbitrum has exceeded our wildest expectations. Over 250 teams have requested access for our developer launch, and we can’t wait to see what they build on Arbitrum and how much gas savings this will enable.

Arbitrum One is initially open to all developers that have requested access, and we’ll open it up to end users once there’s a quorum of live projects that have deployed on the network and are ready to go live. We will guarantee that all projects that have already applied and are granted access will have at least two weeks to build and test before we open Arbitrum One to everyone.

To Cory Doctorow, internet users have become serfs to the barons and nobles of Silicon Valley. In this “feudal security model” when the masses try to vote with their dollar or their click, as they would in a free market, they can’t escape the oligopoly power of tech giants.

We live in this world where bandits run amok wanting to do terrible things to you and your data. Both implicit and explicit forms of collusion, combined with a monopoly rent by not having to compete, allows firms to really structure markets and create policies that advantage them.

The term Web3 refers broadly to a movement to re-decentralize the internet, replacing the current hub-and-spoke architecture with something more distributed and closer to the old model of clients and servers. Blockchain and cryptocurrency are an epiphenomenon of this push.

Web3 is really attuned to the problem of freedom. Seize the means of computation.”

The unique technology underlying the mistX platform utilises Flashbots and as such transactions processed via mistX do not publish user transaction information to a public mempool, but instead bundle transactions together. This effectively hides the information from front-runners and thus prevents your transactions from being manipulated, front-run, or sandwiched.

mistX is the first time in Ethereum history that FlashBots is available to regular users for front-running protection. There is no concept of reverts on mistX, your transaction is either successful with no front-running, or you pay nothing.

There are none of the typical gas fees associated with Ethereum transactions processed by mistX, instead, when trading from a token to ETH, or ETH to a token, fees are determined and handled as a portion of the transaction’s value. When trading with Ethereum using mistX, no longer will you need to ensure your wallet holds additional Ethereum to cover gas fees.

Inspired by the insights promulgated by Flashbots and their deep understanding of the MEV crisis, we recognise the dark forest that lurks in the Ethereum network and have developed mistX as a solution that enables the end user to navigate the dark forest safely.”

See Also: Tale of Thales, binary options re-imagined
See Also: Connext: Solving the Cross-chain L2 Liquidity Problem
See Also: Chico on mistX (Video)

Art studio Robert Alice has created the first iNFT, an NFT linked to a machine-learning chatbot. The asset in question is a machine-learning bot that uses a generative language model based on the OpenAI GPT-3 engine. That means she’s able to hold (somewhat stilted) conversations about life, the universe and everything.

Today we have static images, GIFs and videos. The next iteration of this is going to be when you can have interaction and some level of intelligence in the character itself or in the art form.

Alethea AI is exploring the commercial possibilities of iNFTs.

We’ve been approached for some very interesting use cases where they want to bring back celebrities, and make them come back to life. So you might have an interactive, intelligent version of Elvis, or Einstein might teach you something.

“Alice” is being auctioned off at Sotheby’s in June as part of a collection of digital artworks. What the winner of the Sotheby’s auction actually gets is a bundle of content: the seed text, the image file, and the personality data that is stored on-chain.”

“The problem: most DeFi protocols today require you to pay an interest rate ranging from 3% to 10% per year. And these rates can change any time! These loans also require high over-collateralization, usually between 130 to 150%, meaning you can only borrow against a fraction of what your ETH’s worth.

Liquity provides a cheaper and more capital efficient alternative to borrowing against your ETH. Instead of paying an expensive and variable interest rate, users pay a much cheaper, one-time fee ranging from 0.5% – 5% (most often 0.5% – 0.6% during normal times), with no additional costs and no fixed loan duration. Additionally, Liquity only requires a minimum collateral ratio of 110%*, giving you better capital efficiency and more downside protection during volatile markets.”

In regard to Microsoft’s migration to a solution powered by enterprise Ethereum, Brody remarked that EY is seeing an overall trend, where companies are shifting their focus toward public blockchains and closing down their private-blockchain-centric hosting businesses. Given ConsenSys’ ownership of Quorum, along with the company’s long-term relationship with Microsoft, it makes sense for Microsoft to join with ConsenSys.

From the Microsoft Azure Blockchain Service user perspective — which includes major corporate customers such as JPMorgan, GE Aviation, Singapore Airlines, Starbucks and Xbox — the migration to QBS may not have much of an impact.

The Microsoft program to migrate software contracts for the Xbox ecosystem to Ethereum-based smart-contracts continues to gain steam, with over 300 companies now integrated.”

“Regulators may understandably regard privacy tokens and related technologies as ripe for abuse by money launderers and bad actors. But Wednesday’s panelists argued that restricting their use would be both legally misguided and bad for society.

At the end of the day, the technology shouldn’t be what’s being regulated, it should be the uses of the technology. A cashless society is a surveillance society, and anonymity is absolutely necessary for civil liberties.

According to Salm, self-hosted software or hardware wallets such as Ledger should remain safe from scrutiny by agencies like the U.S. Treasury Department’s FinCEN. That’s because the coins are legally similar to cash, which generally isn’t subject to search or seizure without a warrant. The rising popularity and effectiveness of decentralized exchanges, or DEXs, poses an even more complex regulatory challenge.

The best solution to blunting regulatory overreach may be to offer regulators a form of oversight that doesn’t involve mass surveillance.

The more you’re able to become surgical in understanding account behavior, the less you need to surveil all activity. That doesn’t necessarily mean having access to all this information, it’s about using more advanced data analytics [and] machine learning in order to connect various dots.”

Bitcoin’s mining difficulty fell by 16% on Sunday to 21 trillion, the sharpest decrease this year. The correction suggests that Chinese miners are pulling the plug in advance of further crackdowns on mining by the government.

Inner Mongolia has already begun to crack down. The region’s autonomous government is reportedly considering adding Bitcoin miners to social credit blacklists and has proposed the revocation of telecommunications licenses for miners.”