Human perception of “Value” and “Free Internet Platforms”

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Is there a free lunch, ever? We humans value something higher if it’s expensive / limited, & lower if its free / unlimited; rather than based on its true utility. For example, we value Gold that we don’t really need because its limited and expensive, rather than air or water, because its seemingly unlimited and (almost) free. Money and currencies work the same way, there is always a limited printed currencyby each country, hence its valued well. Same with Bitcoins, we will not value them if they were unlimited … 21 million fixed number makes us value them higher. This psychological phenomena has lead to various challenges across all ages of human evolutions. In the agriculture revolution, we have ignored […]

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Humanity Challenges – need global solutions, driven by Machines

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Background Humanity has evolved through few key eras, over the last 10+ billions of years. Evolution of life form from molecules to homo-sapiens over the last few billion years since the birth of planet Earth Hunter – gatherers age that lasted millions of years and evolved into tribes, progressing at a glacially slow pace. Agricultural era developed our ability to grow and multiply food, imitating how life grows at atomic level. This lead to communities growing into bigger communities (compared to several smaller tribes of 100s of people in hunters era) and eventually forming countries. Governance models through kingdoms evolved in this era. Industrial era that was lead to even faster growth and evolution in the last few centuries, and […]

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Why are Banks using Blockchain?

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The B words – Bitcoin, Blockchain and the BANKS Background – Bitcoin Overview Bitcoin concept was introduced in 2008, for one major reason – To get away from a centralized system where financial institutions, state and regulators were not trusted. Remember, the first whitepaper on Bitcoin appeared in November 2008, after the Lehman Brothers bankruptcy in Sep 2008, and several other financial institutions did not honor their commitments. Bitcoin has been a major disruption of the 21st century. Who would have imagined in 2009, that people would be giving away their real hard earned money ($900 for 1 digital coin), to get a digital currency which nobody owns, no central bank guarantees, is not backed by any gold or any […]

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Can governments use Blockchain to be more efficient and regain public trust?

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Governments find it harder to gain public trust, even if they do good work. Primarily that’s because of lack of transparency, lack of public involvement in decision-making, and traditional operation practices. This blog examines the key challenges in governance (at least from public perspective), a technology solution that may help overcome them, and some examples from around the world where that is being experimented. The key role of a democratic government is to appropriate collect and distribute resources among its citizens (both individual and corporate). This goes beyond the distribution of monetary resources and includes social intangibles such as security, democracy; the conditions for the maintenance of the rule of law; and economic conditions such as the promotion of free […]

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How did uTrade brand its blockchain platform – Hashcove

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How did uTrade brand its blockchain platform The name ‘HASHCOVE‘ stands for a small body of Hash Functions / Values. And hash values are a crucial part of the BlockChain. – Most people we see in this space, come up with something related to Block or Chain. In a survey of 300+ companies:20 have Block in their name.21 have Chain in their name.01 has Hash in their name (HashRabbit).00 have Cove in their name. – To stand out, we prefer something which is different from the norm – we are coming up with an imaginative solution, and shouldn’t be aligned with what everyone is doing.  – Consider SEO friendly too. Because there is no competition. (Just like Ethereum) Brand / logoOVERVIEWThe name HASHCOVE stands for a small body of Hash functions / […]

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Robots: Are we creating the Superior Species that will Disrupt the World Order?

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Robots, Technology, Automation, etc. have existed since the last century; but they got smarter, relevant and widely used across most industries in the current decade. The number of movies on robots & artificial intelligence are increasing every year as the imagination of filmmakers run wild. Most of them recently have focused on the challenges Smarter Robots may create in the future, and are genuine possible concerns.   Robots 1.0 – Automation and part Intelligence Robots have picked up automation work for quite some time now, including, robotic vacuum cleaners (millions of them out there), tele-marketing software, algorithms that make financial trading decisions, health diagnosis software, automated manufacturing lines in the factories, fully automated restaurants, etc. have already become a reality. […]

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