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The Ship Dropped Into the Abyss

The Singularity Manifesto — Part I Photo taken in Hong Kong, March 20th 2018. We have reached a tipping point as a civilization. We can choose to free ourselves as a human species or to be enslaved by technology. is a movement by the belief that a technological singularity — the creation of superintelligence — will likely happen in the near future, and that deliberate action ought to be taken to ensure that the Singularity benefits humans. (Source: Wikipedia) Singularitarianism defined The past few weeks I have the impression that the world is inside out. My dreams seem to be more rational than the flow of the current daily life. Singularity is not an event, it has started to emerge as a tidal wave across human consciousness. It creates a strong feeling in response to all the events that are happening now. Humans are about to take one of the most critical decision for the species. Technology should be used to free ourselves from governments not the opposite. The extraordinary events of late have activated millennials to join forces in an effort to reverse the course of history. Early this year youth in Iran rallied against their totalitarian regime, presently students in the US are raising their collective voice to loosen the stranglehold the National Rifle Association has had on US politicians for decades and with a majority of adults in Europe, Israel and the Middle East closing their eyes while innocent civilians get massacred in Syria their children are calling for accountability. We are one human family, sharing one planet, that is on the brink of exceptional transformation. We have reached the tipping point toward singularity. As most governments work on leveraging to effectively enslave, surveil and control their citizens there is a growing oppositional movement to harness and retain this information to create a free, fair, and equitable life for all world citizens. Decentralized tools and have the potential to liberate world citizens from government control, reduce corruption, and make administrative systems and procedures more efficient. Coupled with Artificial Intelligence and robotics, these systems can free humans from performing repetitive and even sophisticated tasks enabling people to use their time for learning more and improving their lives and conditions. This could potentially lead towards the creation of a Universal Basic Income (UBI). technology blockchain The recent Cambridge Analytica/Facebook scandal exposes the power of accumulating and analyzing massive amounts of personal data; the power to change the course of history. China has put a Social Credit Score (SCS) system into effect for its citizens. Among other restrictions, having a low SCS in China can limit one’s ability to enjoy the basic freedom of travel on planes and trains. This score is based on an algorithm that takes into account such things as the highly immeasurable factor of the sincerity of an apology from one person to another. It isn’t difficult to imagine the consequences if humanity doesn’t take a stand against such totalitarian implementation. People should take ownership of their freedom, for themselves first and for the future generations. Any individual should have the freedom to access information from any place at the earliest age and be able to choose what to read and learn. That’s why internet was built, to enable people to exchange and collaborate. Instead, internet has become a tool for governments to surveil, control and attack each others. I see 20 year old’s betting all they have on crypto-currencies and enthusiastically building decentralized projects. Sure, they do it for speculation but they also do it out of personal conviction. They believe distributed systems and crypto-currencies are the most effective and efficient means to create the liberated and abundant lives they envision for themselves. Decentralized systems and cryptographic technologies remove borders, complex legislations, regulatory burden and provide tools for distributing, and moving wealth, value and assets in an efficient way. They can accelerate the distribution of money at a whole new level. I am curious to watch how this is going to transform the current landscape among the tech giants. It is very tempting for them to sit on the side of governments and take advantage of their dominant position. Europe has a key role to play on limiting how these superpowers can abuse their position. If manages to channel its current actions for protecting users privacy and inspire the new generations, it could become Europe the leader of this new singularitarianism movement. If align with the philosophy of moving toward a more transparent, accountable and equitable future for all follow some of these projects: , , , , , , or , they give HOPE. you @skyblunetwork Orchid Protocol OpenGarden Right Mesh Stellar Blockstack Holochain Design The opinions and views expressed in this article are my own.

Singularitarianism Vs. Totalitarianism

Decentralized Apps

INTRODUCTION

This year, the digital currency ecosystem has been a focus for investors, journalists, regulators, critics, and evangelists alike. Uncertainty in the global ecosystem has seen gains and significant losses as the cryptocurrency world has been shaken hard. The combination of macroeconomic and geopolitical headwinds that has affected major economies has proliferated into the crypto world. The industry has been hit month after month, with 25 crypto exchanges shutting their doors. The implosion of FTX as the most high profile has caused questions to be asked and a level of trust broken as poster boy SBF's empire crumbled. The collapse of FTX has pushed the combined crypto market cap below $804.2 billion. The Market in October Inflation has been constantly high, with many governments trying to solve this. Central Banks, including the United States Fed, continued their hawkish measures as US . inflation was 8.2% in October This led to stock markets and crypto coins selling off as investors shunned risky assets as interest rates increased. Additionally, the political turmoil in the United Kingdom following the resignation of Prime Minister Liz Truss and the installation of Rishi Sunak impacted the uptrend move the crypto ecosystem was trying to chart at the time. Nonetheless, the combined crypto market cap reclaimed the $1 trillion milestone on October 26 and has stayed about that point since. Positive Bitcoin (BTC) dynamics fueled the market cap growth. The premier digital currency has grown by 8.93% over the past month, as at the time of writing. per data from Coincodex Most altcoins also performed well over the past month, with soaring 21.43% to $ 1,634.21, Solana (SOL) up 2.90% to $33.89, and Binance Coin (BNB) has by 7.95% to $351.21. Ethereum (ETH) grown The crypto market entered November positively, leaving investors with increased optimism for a better month ahead (given the FTX situation, saying this looks stupid). The optimism Around "Moonvember" did NOT materialize. Expectations that November would again bring most major cryptocurrencies back to profitability points were dispelled as early as November 2, when Coindesk first published the report about the imbalances in FTX Exchange's balance sheet. Days after, the FTX exchange, once valued at about $32 billion, declared bankruptcy after a massive run on user deposits. The FTX Token (FTT) tanked by over 90% following the news, and it weighed down on the price of Bitcoin and other altcoins across the board. Following November, BTC is down by over 22% in the month-to-date period, while ETH is down by a massive 28%. The collapse of FTX has introduced more significant volatility into the ecosystem, and the breach of trust has pushed investors to place their backing of crypto firms on a wait-and-see level. The FTX bankruptcy has created another significant contagion that forced outfits like BlockFi and Liquid to suspend trading accordingly. Either way, the recovery of Bitcoin and other assets will depend mainly on how industry leaders help retail and institutional investors minimize the pain that the FTX collapse might have caused. While these are subjective propositions, Binance CEO, Changpeng 'CZ' Zhao has advocated publishing Proof-of-Reserves, which Binance and other trading platforms have complied with. "Many consumers are really hurt financially, they have money stuck on FTX, etc. That's going to really shake confidence and credibility in the industry," CZ last week. "We will have a lot more education to do. We do need to increase the transparency of our businesses — significantly. That itself is actually probably a good thing." said in a statement The BTC/USD 4h chart, as seen on TradingView, promptly summarized what the movement of the coin has been for some time, with evidence it has traded below the $17,000 resistance point since November 11. While a rebound is being partially signaled by the Relative Strength Index (RSI) and the Bollinger Bands, there is no telling how long the sellers will hold the market down at the current levels. While the negative fundamentals are not entirely Bitcoin-centered, the digital currency is very sensitive and, thus, responds to all signs of distress in any part of the crypto industry. Altcoins follow Bitcoin, and there is a likelihood that individual decoupling will not be experienced before the end of the month unless we see dramatic growth in the price of the premier digital currency. Downturn and Opportunity in the Same Net Despite the contagion that is being expected across the board, there are some independent trading platforms unrelated to FTX. Bitrue, a Singapore-based digital currency exchange, has continued to show innovation, positive operational control, and regular audits to stay marketable. Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue, commented, "Safety and pragmatism are at the core of Bitrue's business, having learnt that the hard way we continue to invest in new ways of safeguarding our user's assets whilst we are working with auditors on transparency," Quartly-Janeiro added, "the Binance-FTX saga has to be a moment when the industry matures, becomes more professional and transparent; it's why Bitrue prioritizes the safety and security of investors' assets and is the first exchange to establish an insurance fund to safeguard user's assets. More broadly, though, it's clear that many exchanges have been operating beyond and in excess of their core businesses to take unnecessary risks to the detriment of investors. Fewer exchanges ultimately improve quality and volume, which is a good thing for investors." The fact that some exchanges still maintain a trusted trading platform calls for a change in trading strategy for all investors, regardless of their capital and experience. Is a New Crypto Winter Underway? The market is largely unpredictable now. From how investors were optimistic about the industry entering into November to the FUD that has engulfed the market, it is evident that the industry is still mainly subject to the actions of a few whales. The slump we have recorded over the past 24 hours has pushed Bitcoin to more than a 52-week low of $15,599.05. This has been seen by many as a return of the second phase of the crypto winter. And the sustained sell-off will undoubtedly make this fearsome projection come true. In the meantime, investors should be careful and only hold funds in cold wallets or exchanges that have proven liquidity verified by its latest reserve publications. The lead image for this story was created with HackerNoon’s Stable Diffusion image generation feature using the prompt “a mountain with a bitcoin coin at its peak“.

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