Generation 4 Building System. The truly thrilling aspect of our Generation 4 Polycare Building System is its cost-effectiveness. We are dedicated to delivering superior quality at an affordable ...

What's New? The Tetris Lego: Generation 4 Building System coming soon to the Namibian market!

Natural guar-based active ingredient extends the range of silicone-free beauty care solutions for stress-free hair styling Solvay, a leader in naturally derived ingredients for beauty care formulations, introduces Polycare ® Heat Therapy, a new functional ...

Solvay launches Polycare Heat Therapy for bio-based thermoprotection in hair care

Now, let's get back to what we have in store for you. At Polycare Namibia, we are committed to sustainability and circular economy . Our goal is to promote circular economy through environmentally ...

Discover the Sustainable Transformation of Mine Waste into Building Blocks!

As promised that in the month of June we are focusing on unveiling the sustainability behind Polycare Building System, we are finally here. In today's edition, we shine a spotlight on the ...

Polycare Modular Building System Contribute To A Greener Future

This edition will delve deeper into the sustainable features and contributions of Polycare Modular Blocks, offering insights into how we are shaping a greener future for the construction industry.

Greener June: Unveiling the Sustainability behind Polycare Modular Blocks

Polycare Automotive is offering customers up to 10% off on services with their online coupons. New or returning customers get $5 off repairs of $40 and up. If you’ve need significant work ...

Save on healthy meal prep, sushi, car repairs and more

Welcome to the second edition of our newsletter, where we continue to explore the exciting world of modular building with Polycare Modular Blocks. In this edition, we want to emphasize the ...

The Revolutionary Blocks: Transforming the way we building

Why use Polycare Modular Building Technology? With different blocks made from local materials, all straight wall configurations can be quickly built in any geometry by unskilled workers in a ...

The Future of the Construction Industry is Circular and Modular

A lot of people said, 'I would like to have such a house',” says Gerhard Dust, chief executive officer of Polycare. “This is a clear indication of support from the base. The other support we have received was from the government. We have met with the ...

Bricks have had their day

Polycare

polycare

A simple system may or may not work. A complex system that works is invariably found to have evolved from a simple system that worked. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. This assertion is known as Gall’s law. It implicitly defines a “simple system” to mean “a system that may or may not work.” A good example of such a system is a biological cell that senses light. Can the cells on your fingernails detect light? Nope. Broken, doesn’t work. How about the cells at the back of your eyes? Yes! …hopefully. If they work at all, then we can stack complexity on top - sink the cells below a pinhole for angular resolution, make the pinhole diameter adjustable for dynamic range, cover the pinhole with a flexible membrane for near or far focus, wrap that in a cover for protection, put glass and polycarbonate over that for more protection and more focus. Gall’s law implies that time operates only on complex systems. If you have a system that works, then you can apply some time to it, and if you ensure that it still works at every step along the way, then you have followed the only recipe that can produce a complex system that works. If it ever stops working, there’s no amount of time you can use to get it working again unless you revert back to the last working checkpoint. But, of course, time operates on simple systems too - because the complex systems that originate novel systems are evolving. A good example here is the Wright Flyer - people had tried to make flying machines far more complex than the Wrights’ for a long time, but they hadn’t had high-precision machine shops for very long, and no one had ever had a high-precision machine shop and a wind tunnel before. And so, as we refine and accumulate the capacities of our existing complex systems, we find that the space of "simple” working systems - those that simply, magically work - is growing. The problem with novel simple systems is that they almost never happen. All our heuristics are tuned for coevolving with other relatively ancient and complex systems that we have already adapted to. So, we apply the classic heuristic “it’s like a stochas-” WRONG. STOP STOP STOP. NOTHING IS LIKE ANYTHING ELSE. You have to take a novel system on its own terms, not in terms of some other thing. But Gall’s Law brings good news! If it’s novel and it works, it’s probably still simple! It hasn’t had enough time to become complex, so it’s not too late to draw it out on a single sheet of paper! For yourself — looking at a blog post on someone else’s sheet of paper doesn’t count. Yours is the hand that must draw the boxes. What pieces does the system have? How are they connected? Once you’ve stopped trying to pretend that the necessarily simple novel system isn’t actually simple enough for you to draw, you have a chance to see what it does. Again, on its own terms. Does it perform better or worse than - STOP! STOP STOP STOP! Don’t try to find out if it does better or worse. Just see what it does. If you contemplated the system well enough to draw it, then you already noticed some places where you wanted to poke it. Poke! Empty yourself of all concern for utility, soak yourself in the jiggles of the poke, and let the jiggles evaporate slowly enough for their residue to crystallize undeformed by your preconceptions. In general, we developers get old and crusty. If you spend thirty years analogizing to what it was like when you were twenty, your world model seizes up. John Carmack was inventing new programming techniques before you were born, and he can still touch his elbows to his toes without bending his knees. I don’t know the exact cause of your rigor mortis or of his flexibility, but it’s notable how frequently he checks in on even the simplest aspects of reality. Oh, but you’re too busy making cutting-edge webpages to burn time on frivolities like weighing things with a postage scale? THAT IS WHY you ended up in the position of frantically updating derelict webpages. Because you don’t know what anything is! John Carmack keeps inventing the future because he keeps finding out what’s here in the present. And more than ever, I think what’s going to be here in the present are brand new, simple systems. Thinkpieces and explainers keep trying to tell us what ChatGPT is like, while Andrej Karpathy is on YouTube begging us to just take a couple of hours and literally make one. If you’re not gonna do that, at least let Nishant Aklecha show you the actual concrete steps that the LLM is taking. The problem for our heuristics is that this wave of generative AI systems is so powerful, we assume it must also be complex. The most powerful web browser in the world is an evolution of the last browser. Chrome’s version number has passed a hundred because it has a lineage measured in decades, not years. Its power came from tackling complexity, and complex systems always have some antecedent we can analogize from. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. That law still holds, but the sweet aftertaste of the bitter lesson is that it has never been easier to start over and discover something simple that works. If you enjoyed obsessing over semantic versioning and git branching conventions, I hope you got that all out of your system. It’s true that a 10-year-old SaaS website that works is inevitably found to have evolved from a 9-year-old SaaS website that also worked. But pretty soon you might find that every category leader is inevitably found to be a novel arrangement of novel categories of intelligence. The good news is that they’ll be simple. The bad news is that the process that creates them is going to involve way more abject, unsalvageable failure than most “engineers” signed up for. A simple system may or may not work. A complex system that works is invariably found to have evolved from a simple system that worked. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. A simple system may or may not work. A complex system that works is invariably found to have evolved from a simple system that worked. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. This assertion is known as Gall’s law. It implicitly defines a “simple system” to mean “a system that may or may not work.” A good example of such a system is a biological cell that senses light. Can the cells on your fingernails detect light? Nope. Broken, doesn’t work. How about the cells at the back of your eyes? Yes! …hopefully. If they work at all, then we can stack complexity on top - sink the cells below a pinhole for angular resolution, make the pinhole diameter adjustable for dynamic range, cover the pinhole with a flexible membrane for near or far focus, wrap that in a cover for protection, put glass and polycarbonate over that for more protection and more focus. Gall’s law implies that time operates only on complex systems. If you have a system that works, then you can apply some time to it, and if you ensure that it still works at every step along the way, then you have followed the only recipe that can produce a complex system that works. If it ever stops working, there’s no amount of time you can use to get it working again unless you revert back to the last working checkpoint. But, of course, time operates on simple systems too - because the complex systems that originate novel systems are evolving . A good example here is the Wright Flyer - people had tried to make flying machines far more complex than the Wrights’ for a long time, but they hadn’t had high-precision machine shops for very long, and no one had ever had a high-precision machine shop and a wind tunnel before. the complex systems that originate novel systems are evolving far more complex and And so, as we refine and accumulate the capacities of our existing complex systems, we find that the space of "simple” working systems - those that simply, magically work - is growing. The problem with novel simple systems is that they almost never happen. All our heuristics are tuned for coevolving with other relatively ancient and complex systems that we have already adapted to. So, we apply the classic heuristic “it’s like a stochas-” WRONG. STOP STOP STOP. NOTHING IS LIKE ANYTHING ELSE. You have to take a novel system on its own terms, not in terms of some other thing. But Gall’s Law brings good news! If it’s novel and it works, it’s probably still simple! It hasn’t had enough time to become complex, so it’s not too late to draw it out on a single sheet of paper! For yourself — looking at a blog post on someone else’s sheet of paper doesn’t count. Yours is the hand that must draw the boxes. What pieces does the system have? How are they connected? You have to take a novel system on its own terms, on its own terms, not in terms of some other thing. But Gall’s Law brings good news! If it’s novel and it works, it’s probably still simple! Yours is the hand that must draw the boxes. Once you’ve stopped trying to pretend that the necessarily simple novel system isn’t actually simple enough for you to draw, you have a chance to see what it does . Again, on its own terms. Does it perform better or worse than - STOP! STOP STOP STOP! Don’t try to find out if it does better or worse. Just see what it does. does Just see what it does. see If you contemplated the system well enough to draw it, then you already noticed some places where you wanted to poke it. Poke! Empty yourself of all concern for utility, soak yourself in the jiggles of the poke, and let the jiggles evaporate slowly enough for their residue to crystallize undeformed by your preconceptions. In general, we developers get old and crusty. If you spend thirty years analogizing to what it was like when you were twenty, your world model seizes up. John Carmack was inventing new programming techniques before you were born, and he can still touch his elbows to his toes without bending his knees. I don’t know the exact cause of your rigor mortis or of his flexibility, but it’s notable how frequently he checks in on even the simplest aspects of reality . new programming techniques simplest aspects of reality Oh, but you’re too busy making cutting-edge webpages to burn time on frivolities like weighing things with a postage scale? THAT IS WHY you ended up in the position of frantically updating derelict webpages. Because you don’t know what anything is! John Carmack keeps inventing the future because he keeps finding out what’s here in the present. And more than ever, I think what’s going to be here in the present are brand new, simple systems. Thinkpieces and explainers keep trying to tell us what ChatGPT is like , while Andrej Karpathy is on YouTube begging us to just take a couple of hours and literally make one . If you’re not gonna do that, at least let Nishant Aklecha show you the actual concrete steps that the LLM is taking. simple like just take a couple of hours and literally make literally make one the actual concrete steps The problem for our heuristics is that this wave of generative AI systems is so powerful , we assume it must also be complex . The most powerful web browser in the world is an evolution of the last browser. Chrome’s version number has passed a hundred because it has a lineage measured in decades, not years. Its power came from tackling complexity, and complex systems always have some antecedent we can analogize from. powerful complex A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system. That law still holds, but the sweet aftertaste of the bitter lesson is that it has never been easier to start over and discover something simple that works. If you enjoyed obsessing over semantic versioning and git branching conventions , I hope you got that all out of your system. It’s true that a 10-year-old SaaS website that works is inevitably found to have evolved from a 9-year-old SaaS website that also worked. the bitter lesson semantic versioning git branching conventions But pretty soon you might find that every category leader is inevitably found to be a novel arrangement of novel categories of intelligence. The good news is that they’ll be simple. The bad news is that the process that creates them is going to involve way more abject, unsalvageable failure than most “engineers” signed up for.

The New Stuff Is Always Simple: Here's Why

Introduction, concerning the time when the Apocalypse was written

PLUTONIC AND METAMORPHIC ROCKS:—CLEAVAGE AND FOLIATION

GM. It's Crypto Player One, the first and only daily newsletter on crypto gaming. We are the Drake of web3 gaming, consistently giving you the hits. Here's what we have for you today: Daily Trivia. Sony is dipping its toes in blockchain tech. In Other News. Daily Trivia Who are the original designers of the Mortal Kombat franchise? Scroll down to find out the answer. Sony Files a Blockchain and NFT-Related Patent Sony has a new patent that will allow them to track changes in ownership, metadata, and visual appearance of digital assets. These assets could be moments of gameplay, in-game characters, or items. According to the patent, Sony can track the history of the in-game items and see all its previous owners. They want to use a blockchain to record these items and include a token with a unique identifier. Last year, PlayStation (owned by Sony) filed this patent before gamers started losing their minds about gaming NFTs. Still, Sony and PlayStation have played around with NFTs in the last few months. During the EVO 2022 event, Sony asked fans what kinds of NFTs they would want to buy. Also, Sony partnered with Theta Labs to launch an NFT collection. PlayStation has its own Stars rewards program that features digital collectibles. The company has said that these items "are not NFTs" because you can't trade them. But with the new patent, it looks like Sony plans to explore and experiment on the blockchain. This is ultra bullish for the blockchain gaming space because Sony is one of the biggest game publishers. In Other News L’Oréal partners with the leading cross-game avatar platform, Ready Player Me. Polycade and Atari team up to create Web3 games and art collections. The layer 1 blockchain Aptos will partner with a South Korean gaming studio to focus on web3 gaming. Answer Ed Boon and John Tobias. New to the Newsletter? Sign up to get the first and only daily newsletter on web3 gaming — it’s free! Photo by on Nikita Kostrykin Unsplash

🎮 Sony Potentially Entering the World of Blockchain Gaming

Over 143 million Americans, or 64% of U.S adults currently wear prescription eyewear, it’s something that takes time, money, and attention to stay up to date on. Costing an average of $173 per pair of glasses and needing to be replaced every 1-3 years, here’s a few hacks to make that process a bit easier and to find more suitable glasses. It’s important to first look at all the options available when getting a new pair of glasses. Most people are going to get simple single vision lenses, but that’s far from the only option. Bifocals and trifocals have risen in popularity as a good option to see at distinct different distances. Although progressive lenses do the same but with a more gradual change in the lenses prescription. This is a good way to get around the clunky look and feel of bi/trifocals without losing out on their benefits. High-index lenses are another modern lens type that make stronger prescriptions more wearable. There are also the three versions of lens material, plastic, polycarbonate, and glass, each with a specific set of positives and negatives.  Glass being the least durable but most clear, polycarbonate being quite durable but a bit more expensive, and plastic being a good middle ground between the two. Tinted lenses have also been growing as one of the most unique lens features available. No longer are lens tints just an aesthetic option, but they can be really helpful to those with select issues. Pink lenses, for example, can reduce migraines and help with depth perception. Other effects for different colors include fatigue decrease, strain decrease, reflection protection, and a contrast increase. These are all great options to have, but can definitely get a bit pricey. For those buying a new pair of glasses every few years, it’s going to be a hard sell to ask for an extra $100 in new lens features. This is where replacement lenses come into play. work by replacing the lenses in a pair of glasses alone, not requiring the additional purchase of the frames as well. This makes getting a new pair of glasses easier, quicker, and cheaper. Replacement lenses It also allows a greater sense of individuality in one's glasses. Vintage and more unique styles found outside of a retailer can be sent in to be filled with modern lenses. No longer are the walls of frames at retailers the only option available. Finally reusing the same frames over several years allows more lens options to be used with the money saved on frames. Instead of buying a new pair of frames every 1-3 years, the consumer can now opt to tint their glasses, get a higher quality pair of lenses, etc. The main hack that must be realized when buying a new pair of glasses, there are options. There’s countless options in frames, lenses, where to buy glasses, the price of glasses, there’s something available for everyone in every price range. The important thing is to consider every option and get the best pair for each individual.

Replacement Lenses: Hacking the Need for New Glasses

The pandemic with its subsequent lockdowns is forcing artists to search for innovative ways to display and sell their work. And while many people welcome technologies, such as artificial intelligence (AI) and the Internet of things (IoT) in art distribution, they are skeptical about its ability to generate art. They think such pieces will lack creativity and will generally be out of place. Here is one example to challenge this belief. Marcus du Sautoy, a professor of mathematics at Oxford University and an author of several books, confessed that he for one of his books. The exciting thing is that no one noticed these words were artificial. Not even his editor. used an algorithm to generate 350 words This article elaborates on how combining technology and arts will bring innovative ways to artwork creation, display, protection, and monetization. Maybe it will inspire you to benefit from to bring your ideas to life. artificial intelligence as a service The History of Digital Art and Technology The first attempt to merge visual arts and technology dates back to the ’60s when New York-based artists teamed up with scientists and engineers from Bell Laboratories to . They used innovative, at that time, wireless sound transmission and video projection technologies. create installations and deliver remarkable performances When speaking of influential artists mixing tech and arts, Andy Warhol immediately comes to mind. He was among the first to create digital drawings on an Amiga computer in 1985. Unfortunately, the piece was lost and by one of Warhol’s fans. Since then, modern technology has continued to influence the way artists create, display, and sell their work. recovered only in 2014 When COVID-19 hit, the arts sector struggled immensely. Americans for the Arts surveyed art workers to estimate the impact of the pandemic on this industry. The study revealed while 24% of organizations were forced to reduce staff. And yet, 65% of the respondents are still managing to deliver content. Let’s see how technology impacts the arts sector and helps it overcome the pandemic-induced challenges. that 95% of art-related events were canceled How is the New Technology Used to Create Art? AI and Art Creation Christie’s art auction company recently sold its . The painting is a blurred face titled Portrait of Edmond Belamy. Generative adversarial networks (GANs) are typically used to produce this type of distorted and weird imagery. At first glance, such work might look odd, but some human artists created similar art on purpose. Think of Francis Bacon’s deformed portraits, such as Three Studies of a Portrait of Henrietta Moraes. first AI-generated art piece for $432,500 Source: Americanscientist.org Artificial intelligence-generated art can also closely resemble human creations. One example is the tool, which was trained on 100,000 paintings of celebrated artists, such as Bruegel and Rembrandt. There are plenty of other . AICAN creative AI-powered apps to help artists generate paintings To understand how individual artists deploy GANs to produce images and video, we can look at Amir Zhussupov’s work. This artist from Kazakhstan selects different datasets based on his interest to train a GAN. Amir relies on code, but there is still plenty of work left to do by hand. Here is what Amir told STIR, “For the (GAN) model I have been working on for the past month, I had to clean up, color correct, crop and align more than 17,000 paintings. So I have been practically living inside Photoshop, ha-ha!” The piece below is Amir’s GAN-based work inspired by famous science fiction and horror artist HR Giger. Another example of the art and AI powerful combo comes from Refik Anadol. The artist used 500,000 images, several thousands of audio recordings from the LA Philharmonic’s archive, and hundreds of videos to train a series of algorithms to combine all this data and deliver images that he later projected on the Walt Disney Concert Hall for ten days. Here is one more example from ITRex. A renowned artist contacted us to build an AI-powered tool that would generate paintings based on the artist’s existing work together with paintings of other artists who inspired our client. ITRex team used neural networks to learn the artists’ trademarks and generate paintings accordingly. Robots in Art Creation Examples of robots in the art industry vary in their complexity, from mini robots that draw colorful lines following clear instructions to self-sufficient robot artists that can imitate humans in creating art. Artists Julian Adenauer and Michael Haas created a robot that moves around on a canvas leaving a colorful trail. This art piece is installed on the wall of the Berlin Gallery. It is changing every day as the robot keeps moving around, adding color in response to , “the process of creation is ideally endless.” Haas’s idea of creation Moving on to a more complex example of robotic technology in arts, Ai-Da, a robot artist, has human features and a robotic arm system. This AI-powered robot can analyze the images in front of her and command her arm movement to produce sketches. Ai-Da solely dedicated to an AI artist. participated in the world’s first exhibition Source: Time.com Sometimes, artists use robots to assist in art creation instead of relying on them to work autonomously. Artist Sougwen Chung designed and developed a robotic arm that helps her with painting. It connects to Chung’s brain-wave data, which influences the way the robot behaves. Chung believes this is a true human-machine partnership, and she is inspired to co-create together. In the pre-pandemic era, Chung performed with her robot in front of a live audience in a gallery setting. She was . Now, she streams her collaborations live into exhibit spaces from her studio. selling the resulting paintings for over $131,000 apiece How AR and VR Help Artists The gaming and entertainment industries were the first beneficiaries of extended reality. Soon, individual artists, museums, and galleries also turned to VR and . Among early applications of augmented reality in arts is the work of a Japanese artist, Nubumichi Asai. He gathered a team of technology experts and makeup artists to create an application that projects patterns on a moving face. This software can detect the human face and project strictly within its contours. AR development companies Another exciting virtual reality application in art is , which allows artists to immerse into their own creation and view it from different angles. They can draw large objects floating in the air without paying attention to gravity. Google’s Tilt Brush Speaking of recent VR and AR applications in the arts domain, an extended reality art production company, , collaborated with Olafur Eliasson to . Eliasson specializes in resembling natural phenomena and the outdoors in his pieces. Now, with the help of augmented reality, users can project northern lights, sun, rainbow, clouds, or any other natural manifestations into their living room. Acute Art bring his artwork into art lovers’ personal space Sensors and IoT in Art Creation This technology enables artists to gather data from various locations and project it into their artwork. One example comes from San Jose International Airport that . This artwork resembles a cloud whose polycarbonate tiles change from transparent to opaque state as it reads real-time weather data. hosts an eCLOUD A Russian artist, Dmitry Morozov, offers another interesting example of using sensor technology in arts. Morozov created a Bluetooth-connected portable tool that captures pollution data and translates it into sketches. The device is based on sensors that measure dust and different gazes, such as carbon dioxide, carbon monoxide, and methane and translate this data into volts, which are algorithmically manifested in different shapes and colors on a canvas. Morozov thinks back to the moment he got inspired to create this tool, “I wondered, what can I do with sensors, a small printer and the polluted air in Moscow?” Now, thanks to his artwork, people can see which city areas are more polluted than others. Ironically, the brighter the image, the more polluted the air. Source: Wired.com Technology Changes the Way Art is Displayed Virtual Museum Tours Due to the pandemic, many countries went on lockdown, and visiting museums physically became impossible. With modern technology in arts, you can see exhibitions while sitting on your sofa. Google Arts and Culture collaborated with over to allow art lovers to immerse themselves in the art world online through virtual tours. Now one can view the history of American fashion in the time of 1740 to 1895 at the National Gallery of Art in Washington. Then move to Paris to enjoy the works of famous French artists at Musée d’Orsay. Then virtually travel to the Netherlands and witness incredible art pieces from the Dutch Golden Age, including the works from Rembrandt and Vermeer at the Rijksmuseum in Amsterdam. 2,500 galleries and museums worldwide Live Streams This technology is widely . Now, live streams of exhibitions and concerts are also gaining popularity due to COVID. Towards the end of 2020, a famous English singer Dua Lipa streamed her concert live, and it was a vast success. According to the singer’s team, around watched the event in real time. China alone brought in almost two million attendants. Like concerts, exhibitions can also be streamed with the help of new art technologies. One example comes from Canada. Three Canadian galleries featuring one famous painting, Wayne Gretzky #99. One gallery holds the original painting while the other two display replicas. This live stream captured the artwork and the viewers observing it. So, when visitors arrive at The Room, the gallery with the original painting, they are captured on a video together with the painting and streamed to the other two galleries. This way, the live stream did not only feature the painting, but also the people who were interacting with each other and goofing around. used in the retail sector 5 million viewers from different countries teamed up with a tech partner to organize a live stream IoT Systems In addition to creating art, can help museum staff protect paintings while improving visitor experience. Common IoT applications in the arts domain include: IoT technology solutions Preserving artwork: paintings are sensitive to humidity and light. Prolonged exposure to moisture and direct sunlight will cause decay and discoloration, among other problems. Thanks to technology, museums can protect their art pieces by installing IoT sensors to measure temperature, light, and other relevant factors in real time. These sensors’ readings allow museum staff to adjust the relevant parameters to preserve the paintings and minimize restoration projects. Another benefit of IoT technology in arts is protecting installations from water leakage. Museums can place sensors on water pipes near display areas to signal any leaks, enabling the staff to address the problem before it causes damage. Supplying museum workers with helpful stats: IoT sensors can give museum staff an indication of which art pieces are the most popular among visitors. Sensors can track presence density around installations in real time to spot the artworks in demand. Another exciting application of sensors is measuring visitors’ heart rate and respiration to detect their emotional response to paintings and determine which ones elicit the most reaction. Improving navigation: beacons positioned at strategic locations can communicate with the visitors’ smartphone sending notifications and eliciting action. For example, if a visitor downloaded the museum’s app, beacons could trigger the app to tell a story about a particular painting. Such sensors can also improve navigation by telling visitors where their favorite painting or art object is located. Technology Facilitates Art Trade Online Platforms Online auctioning platforms put one more marketing tool at the artist’s disposal. A seemingly easy option for beginner artists would be to sell their work on the . However, this platform has its seller approval process. Artists will need to meet specific production volumes that might be larger than intended. On top of that, their work might be placed outside the Arts category, making it difficult for customers to find. Artists who have already gained recognition can sell their artwork on more professional and specialized mediums, such as and art auctions. A creative technology studio turned to ITRex to build an . This solution would allow artists to promote their work by decorating virtual rooms with their art pieces. Fans would be able to visit their favorite artists’ rooms and share their experiences with friends. Fans could also buy selected items in a non-fungible token (NFT) marketplace. dedicated section on Amazon Christie’s Artnet AR-based marketing app for fan engagement Blockchain for Art Tokenization and Crypto Trading Blockchain is another innovative technology used in the arts sector. One example is trading crypto collectibles. platform offers 10,000 unique collectible characters. Anyone on the Ethereum blockchain can own a character. When the project started, people could obtain a character for free and have ownership proof. All they needed was an Ethereum wallet. All the 10,000 punks were quickly claimed. Now, users can place bids and sell characters following the instructions on the platform. Here is a more innovative approach to selling art. A London-based startup, Maecenas, to the arts industry in 2018. This technology allows artists to divide their artwork into fractions. Every fraction can be sold and owned separately. One buyer can purchase several fractions of one painting or even fractions of several paintings, creating a diverse portfolio. In 2018, Maecenas marketed the 14 Small Electric Chairs painting by Andy Warhol. At that time, it was valued at $1.7 million, but the blockchain-based sale generated excessive attention, skyrocketing the painting’s value to $5.6 million. CryptoPunks introduced the concept of tokenization Technology Improves Artwork Security Statistics on art theft indicate that of artwork are stolen each year. Luckily, technology can help the art segment here too. AI and IoT sensors can recognize unauthorized presence on a museum’s ground and detect artwork forgery, among other fascinating applications. over 50,000 pieces Detecting forgery: there is evidence of AI’s potential to see a forgery in paintings. Steven and Andrea Frank on artwork belonging to an artist and then run the algorithm on a painting whose ownership is debatable to see if it matched that artist’s style. One of the main problems the couple faced was a lack of training material. They could overcome this by generating tiles (smaller fragments of a painting) from available artwork. Using this algorithm, the couple could correctly attribute paintings to Rembrandt, van Gogh, and other artists. were able to train convolutional neural networks (CNN) Access control: museums can place IoT sensors on doors and windows to give a signal, silent or loud, enabling security guards to react to intrusions. Also, sensors can be placed around valuable artwork, sending alerts if someone touches it. Occupancy sensing: presence identification sensors can be positioned to detect movement when the museum is closed for visitors. Technology and Art Restoration and Reconstruction AI-based artistic technology can help restore paintings. Just recently, Rijksmuseum in the Netherlands . This artwork, from 1642, was moved to Amsterdam’s City Hall where officials decided to cut large panels from the sides of the painting to fit it in a location they fancied. In 2019, Rijksmuseum dedicated millions of dollars to building and training of an AI tool that would reconstruct the missing parts in their original style. When asked why the museum went with AI instead of hiring an artist to complete the piece, Rob Erdmann, a senior scientist heading this project answered, “There’s nothing wrong with having an artist recreate [the missing pieces] by looking at the small copy, but then we’d see the hand of the artist there. Instead, we wanted to see if we could do this without the hand of an artist. That meant turning to artificial intelligence.” In another fascinating example, AI could . When the artist was short on money, he tended to draw on top of his work. Conservators studying The Crouching Beggar noticed there was another image underneath. The Art Gallery of Ontario released an X-ray of this forgotten artwork enabling scientists to use AI and 3D printing to reconstruct the piece. used AI to restore The Night Watch by Rembrandt recreate a landscape hidden under one of Picasso’s paintings Art and Technology Relationship: What to Expect in the Future Some people are still skeptical about the future of new technology and arts. A renowned art critic and Pulitzer Prize winner, Jerry Saltz, Despite some people’s pessimism, this article presents many applications of modern technology in the arts sector. It can support artists at different stages of their project's lifecycle. And when it comes to AI, it doesn’t have the same creativity as humans (yet), but it has its unique usage. For example, after proper training, AI can imitate a style of a renowned painter from the past without adding its own touch, as humans would do. There are issues that we need to address when resorting to technology in the arts. For example, in online streaming, paying the intellectual property royalties became a complicated matter. Some live stream concerts have when they understand how royalties work in this context. Standard licensing frameworks are also still missing. Another concern is who owns the copyrights of AI-generated art. Despite these obstacles, technology widens our horizons whether we produce or simply enjoy arts, and all the examples mentioned in this article solidify the relationship between art and technology. If you have an idea of enhancing your studio, museum, or art research with technology, don’t hesitate to reach out. believes that AI-generated art is “boring and dull.” allocated money to be paid Whether you are concerned with enhancing art creation, display, or monetization, ! Our experts will put modern technology at your service. drop ITRex a line

Technology has Brought New Innovations to How Art is Made, Displayed, and Sold

Materials and equipment needed To build and test these test lungs, some equipment is essential. The following is a list of suggested gear: Compressed air source: oil free compressor, several cfm at > 50psi Recommended: Porter-Cable C2002 Pressure gauge: should read 0–50 cmH2O range with <1 cmH2O resolution, preferably with differential inputs, preferably digital Recommended: Risepro HT-1890 Flow meter: should read 0–60 lpm with < 1 lpm resolution, preferably digital Recommended: no recommendation yet Rigid vessel: one 14 gallon or three 5 or 6 gallon glass carboys (from home brewing store) (or) Flexible bag: anaesthesia bag, 2–3 liters (or other similar size bag) Recommended: Smiths Portex #370924 Plastic sheets (for springs): 12x12 inch, 1/8 thick, HDPE, polypropylene, or polycarbonate Recommended: McMaster 2898K11 https://www.mcmaster.com/2898k11 Tubing: 3/4 inch PVC pipe, schedule 40 (from hardware store) — By Alex Izvorski and Robert L. Read Teams building and testing ventilators for COVID-19 need to have “test lungs”. The term “test lung” sometimes means a physical air-tight container with sophisticated instrumentation added, but here we mean just the physical container without the instruments. A test lung is a simulator of a real pair of lungs, but made in such a way that it has standard and stable physical properties. In particular, it should press against air inside it when inflated, just like real lungs, which is called . It should oppose air from moving in or out too fast (just like real lungs which can’t fill or empty instantly) this is called . It is almost impossible to understand how an emergency pandemic ventilator designed to help humans breathe will behave without testing on test lungs. Engineers building prototypes need a way to test on their workbench, even if much more rigorous testing will eventually be needed before a ventilator is used on a patient. This article teaches how to model compliance and resistance, and will be useful if you need to understand those concepts, or if you actually need to test a pandemic ventilator. compliance resistance (A Commercial test lung with a resistance tube and barbed bleed adapter.) How Doctors Measure Pressure For respiration, only pressure differences matter. Breathing is driven not by atmospheric pressure, but by difference in pressure in the airway compared to atmospheric pressure. Although engineers normally use the SI unit of pressure, which is the Pascal, the medical profession usually measures pressure in terms of the height of a column of water it will raise — -hence, centimeters of water, denoted as cmH2O. 1 cmH2O is approximately equal to 98 Pa. It takes 70 cm H2O to make one psi. Breathing pressure differentials almost never go above one psi! To measure pressure inside an airway, you have to get a pressure meter probe or sensor sealed inside the airway. Adult airways use an international 22mm standard. A barbed bleed adapter is a convenient way to insert a pressure sensor into an airway. This is about the size of ¾” PVC tubing, which is widely available. (A smaller port in the airway makes taking a pressure measurement easier.) Compliance Typical healthy lungs have a compliance around 20–50 milliliters/cmH2O. In other words, pushing in 20–50 ml air would raise pressure by 1 cmH2O. (Different lungs or diseases have different compliance curves.) The compliance of real lungs is not completely constant. Just like a balloon getting tight as it gets full, the lungs require more pressure to push or pull another milliliter in as they get more full. That is why a plot of pressure vs. volume is a typical S-shaped curve. Some disease conditions make the lungs stiff (low compliance), or even loose (high compliance). Because applying too much pressure to a patient’s lungs or blowing too much air into them causes serious injury, ventilators have to be tested against realistic compliance and resistance. Resistance Typical healthy lungs also have a resistance around 3–7 cmH2O/(liters/second). Thus, pushing air in at a constant flow rate of 1 liter/second (60 liters per minute) would raise pressure by 3–7 cmH2O (in addition to the change due to compliance). A realistic test lung is simply a combination of an element with a known resistance and an element with a known compliance. Commercial Test Lungs Instrumented commercial test lungs are available, but may be quite expensive, and may not be easy to obtain in the current crisis. Some examples of instrumented test lungs are the Michigan Instruments Model 1600 Test Lung; the IngMar ASL 5000 Breathing Simulator; and the IMT SmartLung. Even uninstrumented simple plastic test lungs may be hard to obtain in some places during the pandemic. If you are working on a ventilator project and have one of these, great! If you don’t, this article is for you. Constructing Your Own Test Lungs Several ways of constructing test lungs with known resistance and compliance are described in the ISO 10651–5 standard for ventilators. It turns out that some of those don’t require any expensive or difficult to obtain materials or equipment. They work as well as the commercial test lungs, and are suitable for certifying designs. To calibrate your test lung, you will need a pressure meter or sensor and a way to take a measurement just inside the throat of the test lung, such as by using a CPAP bleed adapter or some other Y-connector or T-connector that you can seal around your pressure meter. Constructing Compliance from a Glass Vessel Compliance is measured in milliliters/cmH2O. This may be concisely written as just a C-value without the units, and those units are assumed. The typical adult range is around C20 (+-10), mainly depending on body size and physical condition. Compliance may decrease greatly with conditions that cause the lung tissue to stiffen (eg ARDS). Values used in the ISO standards (for adults) are: C50 — large adult C20 — normal C10 — unhealthy lungs : a rigid vessel such as a large glass carboy. The air inside the container acts as a stiff spring. Construction C50 = 72.5 liter (19 gallon) vessel C20 = 29 liter (7.5 gallon) vessel C10 = 14.5 liter (3.8 gallon) vessel (Inexpensive 41.6 liter or 11 gallon test lung, measured compliance C28) (Classic adult test lung from from Hill 1965; the 50 liter or 13 gallon glass demijohn inside a wicker basket on the right is the test lung, the device on the left is a pump) A glass container is probably necessary; most plastic or metal containers of this size may not be rigid enough, and as the walls flex, the C value would change in unpredictable ways. (If you really need to use a plastic container — try one half the size first). The test lung may be composed of several smaller containers linked together. If the containers are linked with valves, this allows easily changing compliance by opening or closing valves. In practice, connecting together two or three of the common 5 or 6 gallon carboys such as used in homebrewing or wine making is a good simulation of adult lungs in the C20-C50 range. (Typical brewing carboys) (Vessels of different sizes: 3 to 14 gallons) Optionally the vessel may be filled with copper mesh, about 1kg (2lb) for the largest size or half that for the smaller sizes. The copper mesh is intended to make the compression of air isothermal by adding a large thermal mass that rapidly equilibrates with the air. If the mesh is omitted, compression is adiabatic instead. The mesh mainly has an effect at very low respiratory rates (0–5 breaths/minute); it is generally not necessary if the test lung is used at normal respiratory rates (>5 breaths/minute). Safety Note These suggested vessels are not pressure rated and may fracture at high pressures. The pressure differences used in normal breathing almost never exceed 1 psi, or 70 cmH2O. Compared to bicycle tires or air-powered tools, this is a tiny pressure. There is never a reason to test higher pressures, which may be dangerous. Do not pressurize over 70cmH2O or 1 psi as such pressures may be both unsafe, and are not realistic for lungs. A pressure limiting valve (pop-off valve) set to 1–2 psi is . Use a basket or a cloth wrapping around the vessel to catch any fragments if it breaks, and . required wear eye protection Constructing Compliance with Plastic Sheets and Bags A 2–3 liter inflatable bag (anesthesia bag or similar) sandwiched between two thin flexible sheets of plastic. The sheets of plastic should be connected together on two opposite edges, forming flat springs. The resistance to air flowing in should come (as much as possible) from the bending of the plastic sheets, not from stretching the bag. The bag would typically inflate only to a thickness of 1–3 cm while in use (in other words it is still mostly flat). Adjust the thickness and length of the plastic to get the right C value (shorter lengths = lower C). A reasonable starting point is to use 12x12 inch, 1/8 inch thick plastic sheets made of HDPE, polypropylene or polycarbonate; but the resulting stiffness of the springs is very dependent on the exact thickness and material, so the dimensions would have to be tuned in each case. (IMT SmartLung — commercial version of a bag between flat plastic springs; adjustable length of spring changes C value. Price: $650) To calibrate, iInject of air using a syringe. Measure the pressure rise immediately after. 500ml C50 should be 10 cmH2O C20 should be 25 cmH2O C10 should be 50 cmH2O Extended calibration: inject air in 100ml increments between 0 and 1000ml; measure the pressure rise and draw a curve. An example calibration curve from the two carboy setup above: Constructing Resistance Because resistance is a function of flow, it is measured in pressure divided by flow, or cmH2O/(liter/second). This may be abbreviated with the letter R and a number without stating the units. The typical adult range is around R5 (+-2). Resistance may increase significantly with any conditions that produce impaired airflow, such as asthma. There are two kinds of resistances, linear (pressure proportional to flow rate) and “parabolic” (pressure proportional to square of flow rate). Linear resistances are harder to construct, so the equivalent parabolic resistances are described below. Values used in the ISO standards (for adults) are: R5 — normal R20 R50 — very high In order to construct a flow resistance that models these values, add a thin plate with a small hole to a standard breathing airway. The international standard for airway diameters is 22mm. (A commercial adapter offering three resistances by having thin plates with 3 different hole sizes.) : tube with inner diameter of approx 22mm and at least 40mm long, blocked by a thin plate with a hole that restricts flow. The hole should have the following diameters: Construction R5 = 7.7 mm R20 = 5.6 mm R50 = 3.9 mm In order to calibrate, connect the resistance to a source of pressurized air, with the other side open to the atmosphere. Adjust flow until it is a steady . Hand-held flow meters are relatively expensive but used in many industries, so you may be able to borrow one. If not, you may have to use a large plastic bag of a known capacity and time how long it takes to fill. Measure the pressure at the inlet to the tube (on the side of the plate the air is coming from). 1 liter per second Compared to the atmospheric pressure in the room, the pressures should be: R5 should be 5 cmH2O nominal (2.7 cmH2O for parabolic) R20 should be 20 cmH2O (17.6 cmH2O for parabolic) R50 should be 50 cmH2O (6.8 cmH2O for parabolic, measured at 0.25 liters per second) (note: the specs for parabolic resistance above come from an older standard, ASTM F920–93, table A2.2) In order to perform extended calibration adjust flow to 0.25, 0.5 and 1 liters per second, measure the pressure at each flow and draw a curve. The actual value is likely to be different due to small changes in geometry, etc. Adjust the hole size if needed, or simply use several different sizes with known measured R-values for testing. Other approaches When it comes to simulating lungs, the perhaps obvious DIY approach is to use some kind of expandable or inflatable bag, balloon or similar. This is then loaded in some way e.g. with elastic bands, weights, or by being put under water to make it harder to push air in. The problem with these approaches is that the pressure vs volume curves they have is completely different from the one that the standard test lungs (and real lungs) have. Most elastic bags are not nearly stiff enough; for example anaesthesia bags are much stiffer than balloons, but are still not stiff enough until over-inflated to 2x-5x their rated volume; and additionally, the stiffness changes a great deal once they stretch. Weights, water and similar static loads add a minimum pressure which is required to push any air in; they offset the pressure vs volume curve, rather than changing the slope. Springs, elastic bands and so forth do change the slope, but not in a consistent way — for most of these the slope gets much steeper as the volume gets higher. Trying to measure the R and C values, especially C, is meaningless because the shape of the curve is wrong. This may lead to very misleading conclusions when testing a ventilator prototype. Conclusion It is much more important to have a test lung which behaves in a realistic way, and for which the R and C values are known and within the expected range for real lungs, than it is to have specific R and C values or to use a commercial test lung. Even if a commercial test lung is not available, it is strongly recommended to use the of construction described here — even if the specific sizes or volumes are slightly different — for all but the simplest tests of ventilator function. types Public Invention is a US 501(c)3 public charity. Your supports are attempt to foster tested, reliable, and monitored open-source pandemic ventilators. Public Invention donation References International Standards Organisation. ISO 10651–5–2006 Lung ventilators for medical use — Particular requirements for basic safety and essential performance — Part 5: Gas-powered emergency resuscitators. https://www.iso.org/standard/35975.html Hill DW, Moore V. The action of adiabatic effects on the compliance of an artificial thorax. BJA: British Journal of Anaesthesia. 1965 Jan 1;37(1):19–22. https://academic.oup.com/bja/article/37/1/19/276686 Chatburn RL. Simulation studies for device evaluation. Respiratory care. 2014 Apr 1;59(4):e61–6. https://www.researchgate.net/publication/261515819_Simulation_Studies_for_Device_Evaluation Kenny JE. ICU Physiology in 1000 Words: Shorthand Equations for Respiratory System Power. Jonson B, Svantesson C. Elastic pressure–volume curves: what information do they convey?. Thorax. 1999 Jan 1;54(1):82–7.

How To Make Your Own Test Lungs for Testing Emergency Ventilators

Polymarket Explained: How Blockchain Prediction Markets Are Shaping the Future of Forecasting

Polymarket обяснява: Как пазарите за прогнозиране на блокчейн оформят бъдещето на прогнозирането

Polymarket vysvětlil: Jak trhy s predikcí blockchainu utvářejí budoucnost prognózování

Polymarket explicado: cómo los mercados de predicción de blockchain están dando forma al futuro de la previsión

Polymarket توضیح داد: چگونه بازارهای پیش بینی بلاک چین آینده پیش بینی را شکل می دهند

Պոլիմարկետը բացատրեց. ինչպես են բլոկչեյն կանխատեսման շուկաները ձևավորում կանխատեսումների ապագան

פולימרקט הסביר: כיצד שווקי חיזוי בלוקצ'יין מעצבים את עתיד החיזוי

ポリマーケットの解説: ブロックチェーン予測市場が予測の未来をどう形作るのか

Полимаркет тайлбарлав: Блокчейн таамаглалын зах зээл урьдчилан таамаглах ирээдүйг хэрхэн бүрдүүлж байна

Polymarket Explained: Cum piețele de predicție Blockchain modelează viitorul prognozei

Polymarket ayaa Sharaxay: Sida Blockchain Suuqyada Saadaasha ay u qaabeynayaan Mustaqbalka Saadaasha

Полимаркет објаснио: како тржишта предвиђања блокчејна обликују будућност предвиђања

Полимаркет фаҳмонд: Чӣ гуна бозорҳои пешгӯии блокчейн ояндаи пешгӯиро ташаккул медиҳанд

It is only a few days before the US Presidential Elections. Trump and his teammates have promised a more liberal approach towards crypto than Democrats. Also, the Republican candidate is leading on Polymarket and even in some polls like a potential winner. In this article, I’d like to describe possible upgrades in the US crypto regulation that Donald Trump may make. What exactly did Trump promise to the crypto community? While Kamala Harris only mentioned cryptocurrencies for the first time at the end of her campaign, Trump has been discussing them a lot this year. He held personal events and meetings dedicated to cryptocurrency, including his speech this July at the Bitcoin Conference in Nashville. During the event the Republican candidate promised that he would not allow the creation of CBDC, the digital dollar - so as not to restrict Americans' financial freedom. Also, Trump promised to create a strategic reserve of Bitcoin, he emphasized that the US Government under him will no longer sell Bitcoin and will hodl it. Moreover, he pointed out the creation of special task force for crypto policy of US - Bitcoin and crypto presidential advisory council. The Republican Party's program also has a paragraph dedicated to crypto - about protecting the rights of Americans to self-dispose of their own assets: “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.” And it is still the biggest emphasis from Republicans is that they will not allow the creation of CBDC, the government's digital currency. This point is primarily important for libertarian voters and wealthy Americans. After all, CBDC by its properties implies even greater government control over currency than classic fiat currency. Bitcoin Bill During the Bitcoin Conference, where Trump lavished his promises to Bitcoiners, Republican Senator Cynthia Lumis also spoke. Let's talk more about this senator and its legal initiatives. Just before the conference, she introduced the Bitcoin Strategic Reserve Bill. The bill shortly determines that US government will save its current Bitcoin reserve and moreover it will purchase 1 million Bitcoin. The law requires the U.S. to purchase bitcoins for 5 years - at least 200,000 per year. And the total amount for this period - 1 million BTC. Also the creation of a transparent system of proof of reserve. The law also prohibits the sale of bitcoins already in the government's possession. If Trump is elected, he will certainly be in favor of the bill - but its passage depends on the position of Congress and the Senate. If the Republicans have a majority there, there is little doubt about it. On the other hand, Democrats may at least modify some provisions of the bill or even advocate its rejection as populist and risky for public finances. However, there are also Democrats who support this bill, such as Democratic Representative Ro Khanna. What really matters for the future of crypto in US? However, Trump's promises to stop CBDC and make Bitcoin reserve are just the tip of the iceberg in regulating cryptocurrencies in the US. What matters to crypto businesses and regular users is the regulation of cryptocurrencies in the country as a whole - rights of crypto users and opportunities for investors, licensing requirements for legal entities, as well as taxation of crypto gains. Let's take a look at how a possible Trump presidency could affect this. In fact, there are at least two more important pieces of legislation than Bitcoin bill to discuss here: 💡Financial Innovation and Technology for the 21st Century Act 💸Payment Stablecoin Act The basic part of new US legislation dedicated to cryptocurrency, which is likely to be approved after the Elections, is “FIT21”—The Financial Innovation Act in 21 Century. This is a long document, that already was approved by the US Congress and had bipartisan support—almost all Republicans and half of Democrats. However, the law was postponed by the US Senate for a period after the Presidential Elections. The future of this law really depends on the position of the future president of the United States and the results of the elections. The most important thing is that this law will make crypto regulation in the U.S. more certain - now there are several regulators in the country, each of which has its own position on crypto: SEC, CFTC, FINCEN, IRS and some others. Many lawmakers believe that the SEC abuses its powers and restrains the development of crypto-business in the United States. Two SEC commissioners (Hester Pierce and Mark Uyeda) also speak a lot about it. The FIT21 law is essential to make the legal landscape on crypto more defined and transparent. Since Cyntia Lummis supported Trump's Bitcoin Reserve initiative and she also worked on the Financial Innovation Act, along with Congressman Patrick McHenry, there is little doubt that this legislation will be supported by the Republicans after the election and Trump, being an elected President, can support final approval of FIT21 in the Senate. What about Stablecoin Act? This law proposed by the same Cynthia Lummis and Kirsten Gillibrand (democrat) create a transparent framework for stablecoin regulation in the US, since now there is no clear regulation. Larger stablecoin issuers will be registered by the Comptroller of the Currency (OCC). The law prohibits algorithmic stablecoins and requires 1-to-1 provisioning. It also gives the Fed authority to control it. Small stablecoin issuers will be licenzed on the state level. The future of this law if Trump wins is more difficult to predict - that's why it has not been put to a vote in Congress. In addition, there is no official position on it from Tether, Circle and Coinbase. Nevertheless, given that the law has support of Republicans (Patrick McHenry, Maxine Waters, Cynthia Lummis) and also Democrats (Kirsten Gillibrand) - and its requirements for issuers can be called compromise, it may also be adopted after the presidential election. Unless, of course, the new administration declares a different stance towards stablecoin. From my point of view it is in the interest of the US to make dollar pegged stablecoins available to users worldwide. In this regard, unfortunately, the position of Janet Yellen looks very strange, who stated the danger of investments from issuers of stablecoins to US T-bills. You can see that in the European Union local stablecoin market is developing slow - it has over regulation because of some MiCA requirements - which is too tough for EUR backed stablecoins. I hope that the new US president and lawmakers will make more flexible regulations for stablecoins. Why republicans (and democrats) care about crypto so much? By the way, let's look at this election from a different perspective - politicians are not only interested in innovation. Another possible reason why both Republicans and Democrats support the crypto industry so strong is because of large campaign donations from it. According to Public Citizen in 2024 crypto companies have spent $119 mln to the federal elections. This is 44% from total corporate spending. Most of the funding goes through a special crypto industry PAC, the Fairshake PAC. It’s founded by Coinbase ($50 mln), Ripple ($49 mln), Jump Crypto ($15 mln), Andersen Horovitz ($1,75 mln), Payward, Circle, Paradigm and some other donors. By the way, this structure finances not only Republican candidates, but also some Democrats. According to Public Citizen, its task is also to prevent the election of those who have a bad attitude towards cryptocurrencies. This May Donald Trump campaign started to accept donations in crypto and it got about $7,5 mln according to CNBC. According to Washington Post crypto entrepreneur David Bailey has promised to Trump $15 mln of donations before his visit to Nashvielle. Also Donald Trump got donations from Gemini founders - Tyler and Cameron Winklevoss - $1 million in Bitcoin each. However, Harris and other Democrats are also getting support from some cryptocurrency entrepreneurs - like Chris Larsen (Ripple) and Tim Drapper. Of course the money factor plays a big role, but we can't ignore the other thing - the real mistakes of the outgoing Biden administration (and Gary Gensler) in relation to cryptocurrency regulation. FIT21 law, which got bipartisan support of Congress was never passed. Without normal regulation of cryptocurrencies, the U.S. simply gives its position on the cryptomarket to other countries. Conclusion The need to pass new crypto billsis long overdue and lawmakers realize it, its main opponent - Gary Gensler is likely to resign from his post even if Harris wins the election. However, now Republicans and Trump have a more definite position on this issue - as a party traditionally more loyal to business and investors. The approval of the Bitcoin Strategic Reserve Act will be big and important news for the cryptocurrency investment market and will definitely be one of the actions of the new Trump administration. However, for ordinary Americans, it is equally important that the FIT21 Act and Stablecoin Act will finally pass. Since many Democrats already supported it also has potential to be approved. Whatever the result of the presidential election, the passage of laws depends on the election of the House of Representatives and the Senate too. If you are interested in getting more crypto insights, you can watch the global crypto regulation rating here and get updates on my X account. It is only a few days before the US Presidential Elections. Trump and his teammates have promised a more liberal approach towards crypto than Democrats. Also, the Republican candidate is leading on Polymarket and even in some polls like a potential winner. In this article, I’d like to describe possible upgrades in the US crypto regulation that Donald Trump may make. What exactly did Trump promise to the crypto community? What exactly did Trump promise to the crypto community? While Kamala Harris only mentioned cryptocurrencies for the first time at the end of her campaign, Trump has been discussing them a lot this year. He held personal events and meetings dedicated to cryptocurrency, including his speech this July at the Bitcoin Conference in Nashville. speech During the event the Republican candidate promised that he would not allow the creation of CBDC, the digital dollar - so as not to restrict Americans' financial freedom. Also, Trump promised to create a strategic reserve of Bitcoin, he emphasized that the US Government under him will no longer sell Bitcoin and will hodl it. Moreover, he pointed out the creation of special task force for crypto policy of US - Bitcoin and crypto presidential advisory council. The Republican Party's program also has a paragraph dedicated to crypto - about protecting the rights of Americans to self-dispose of their own assets: “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.” paragraph And it is still the biggest emphasis from Republicans is that they will not allow the creation of CBDC, the government's digital currency. This point is primarily important for libertarian voters and wealthy Americans. After all, CBDC by its properties implies even greater government control over currency than classic fiat currency. Bitcoin Bill Bitcoin Bill During the Bitcoin Conference, where Trump lavished his promises to Bitcoiners, Republican Senator Cynthia Lumis also spoke. Let's talk more about this senator and its legal initiatives. Just before the conference, she introduced the Bitcoin Strategic Reserve Bill . Bitcoin Strategic Reserve Bill The bill shortly determines that US government will save its current Bitcoin reserve and moreover it will purchase 1 million Bitcoin. The law requires the U.S. to purchase bitcoins for 5 years - at least 200,000 per year. And the total amount for this period - 1 million BTC. Also the creation of a transparent system of proof of reserve. The law also prohibits the sale of bitcoins already in the government's possession. If Trump is elected, he will certainly be in favor of the bill - but its passage depends on the position of Congress and the Senate. If the Republicans have a majority there, there is little doubt about it. On the other hand, Democrats may at least modify some provisions of the bill or even advocate its rejection as populist and risky for public finances. However, there are also Democrats who support this bill, such as Democratic Representative Ro Khanna. What really matters for the future of crypto in US? What really matters for the future of crypto in US? However, Trump's promises to stop CBDC and make Bitcoin reserve are just the tip of the iceberg in regulating cryptocurrencies in the US. What matters to crypto businesses and regular users is the regulation of cryptocurrencies in the country as a whole - rights of crypto users and opportunities for investors, licensing requirements for legal entities, as well as taxation of crypto gains. Let's take a look at how a possible Trump presidency could affect this. In fact, there are at least two more important pieces of legislation than Bitcoin bill to discuss here: 💡 Financial Innovation and Technology for the 21st Century Act Financial Innovation and Technology for the 21st Century Act 💸 Payment Stablecoin Act Payment Stablecoin Act The basic part of new US legislation dedicated to cryptocurrency, which is likely to be approved after the Elections, is “FIT21”—The Financial Innovation Act in 21 Century. This is a long document, that already was approved by the US Congress and had bipartisan support—almost all Republicans and half of Democrats. However, the law was postponed by the US Senate for a period after the Presidential Elections. The future of this law really depends on the position of the future president of the United States and the results of the elections. The most important thing is that this law will make crypto regulation in the U.S. more certain - now there are several regulators in the country, each of which has its own position on crypto: SEC, CFTC, FINCEN, IRS and some others. Many lawmakers believe that the SEC abuses its powers and restrains the development of crypto-business in the United States. Two SEC commissioners (Hester Pierce and Mark Uyeda) also speak a lot about it. The FIT21 law is essential to make the legal landscape on crypto more defined and transparent. Since Cyntia Lummis supported Trump's Bitcoin Reserve initiative and she also worked on the Financial Innovation Act, along with Congressman Patrick McHenry, there is little doubt that this legislation will be supported by the Republicans after the election and Trump, being an elected President, can support final approval of FIT21 in the Senate. What about Stablecoin Act? What about Stablecoin Act? This law proposed by the same Cynthia Lummis and Kirsten Gillibrand (democrat) create a transparent framework for stablecoin regulation in the US, since now there is no clear regulation. Larger stablecoin issuers will be registered by the Comptroller of the Currency (OCC). The law prohibits algorithmic stablecoins and requires 1-to-1 provisioning. It also gives the Fed authority to control it. Small stablecoin issuers will be licenzed on the state level. The future of this law if Trump wins is more difficult to predict - that's why it has not been put to a vote in Congress. In addition, there is no official position on it from Tether, Circle and Coinbase. Nevertheless, given that the law has support of Republicans (Patrick McHenry, Maxine Waters, Cynthia Lummis) and also Democrats (Kirsten Gillibrand) - and its requirements for issuers can be called compromise, it may also be adopted after the presidential election. Unless, of course, the new administration declares a different stance towards stablecoin. From my point of view it is in the interest of the US to make dollar pegged stablecoins available to users worldwide. In this regard, unfortunately, the position of Janet Yellen looks very strange, who stated the danger of investments from issuers of stablecoins to US T-bills. You can see that in the European Union local stablecoin market is developing slow - it has over regulation because of some MiCA requirements - which is too tough for EUR backed stablecoins. I hope that the new US president and lawmakers will make more flexible regulations for stablecoins. Why republicans (and democrats) care about crypto so much? Why republicans (and democrats) care about crypto so much? By the way, let's look at this election from a different perspective - politicians are not only interested in innovation. Another possible reason why both Republicans and Democrats support the crypto industry so strong is because of large campaign donations from it. According to Public Citizen in 2024 crypto companies have spent $119 mln to the federal elections. This is 44% from total corporate spending. Most of the funding goes through a special crypto industry PAC, the Fairshake PAC. It’s founded by Coinbase ($50 mln), Ripple ($49 mln), Jump Crypto ($15 mln), Andersen Horovitz ($1,75 mln), Payward, Circle, Paradigm and some other donors. Public Citizen By the way, this structure finances not only Republican candidates, but also some Democrats. According to Public Citizen, its task is also to prevent the election of those who have a bad attitude towards cryptocurrencies. This May Donald Trump campaign started to accept donations in crypto and it got about $7,5 mln according to CNBC . According to Washington Post crypto entrepreneur David Bailey has promised to Trump $15 mln of donations before his visit to Nashvielle. Also Donald Trump got donations from Gemini founders - Tyler and Cameron Winklevoss - $1 million in Bitcoin each. However, Harris and other Democrats are also getting support from some cryptocurrency entrepreneurs - like Chris Larsen (Ripple) and Tim Drapper. CNBC Washington Post donations Of course the money factor plays a big role, but we can't ignore the other thing - the real mistakes of the outgoing Biden administration (and Gary Gensler) in relation to cryptocurrency regulation. FIT21 law, which got bipartisan support of Congress was never passed. Without normal regulation of cryptocurrencies, the U.S. simply gives its position on the cryptomarket to other countries. Conclusion Conclusion The need to pass new crypto billsis long overdue and lawmakers realize it, its main opponent - Gary Gensler is likely to resign from his post even if Harris wins the election. However, now Republicans and Trump have a more definite position on this issue - as a party traditionally more loyal to business and investors. The approval of the Bitcoin Strategic Reserve Act will be big and important news for the cryptocurrency investment market and will definitely be one of the actions of the new Trump administration. However, for ordinary Americans, it is equally important that the FIT21 Act and Stablecoin Act will finally pass. Since many Democrats already supported it also has potential to be approved. Whatever the result of the presidential election, the passage of laws depends on the election of the House of Representatives and the Senate too. If you are interested in getting more crypto insights, you can watch the global crypto regulation rating here and get updates on my X account . here X account

Stories, News & Mentions about POLYCARE

Polycare’s Stories on HackerNoon

Polycare's News & Mentions