Revend

revend

Hey Hackers, Revend has been nominated in HackerNoon's annual awards in Antwerp, Belgium. Startup of the Year Please vote for us here: . https://hackernoon.com/startups/europe/europe-antwerp-belgium Read more about us below to understand why we deserve your vote. Are you also participating in SOTY 2023? If so, . click here to fill out this interview Meet Revend Founded in early 2022, Revend is a company dedicated to bringing continuous peace of mind to e-commerce operators worldwide via real-time monitoring of your webshop. In the years prior to co-founding Revend, my CTO Alex Reis was looking for ways to react quicker to operational issues that impacted the revenue of the scaling e-commerce stores he was responsible for running. Missed issues - or issues caught too late - often cost tens of thousands in lost revenue and time spent digging through dashboards after the fact. Frustrated by the lack of solutions he found, and motivated by the value that a properly adjusted tool could provide, Alex brought in former colleagues and fellow tech entrepreneurs Peter Wellens (me) and Bert Baeck. Together, we got the first prototype of Revend into the hands of 30 e-commerce companies, gathered feedback to improve the product, and secured an investment to further grow Revend. Today, our team and user base are accelerating at a rapid pace. Revend’s monitoring ensures peace of mind around the clock for e-commerce stores in all shapes and sizes. My Role My name is Peter Wellens, a three-time founder, including co-founder at Revend. My role at the company is that of co-founding CEO. In practice, I’m the first point of contact for many of our new users, partners, and investors supporting us in pursuing our mission. How We're Disrupting/Improving the e-Commerce Industry Revend is firmly focused on serving the e-commerce community. Business owners, marketers, and platform managers in this community are required to be extremely up-to-date at all times, with an onslaught of new tools and software releasing constantly. Staying on top of the performance of your web store in such an environment can be tough. This is where Revend can help. Revend is disruptive in the sense that it is both very easy to implement and highly focused on business users (as opposed to IT users) as its main audience. Its main point of contact with you is via notifications on , Teams, or email. Slack Existing monitoring tools are either quite complex and time-consuming to set up and maintain, or offer no real-time view of the operational KPIs that a marketeer wants to track (e.g. product views, add-to carts, funnel conversions, checkouts). Revend solves all that and uses advanced AI to make sure you get a self-adjusting model that is carefully tailored to the performance of your exact webshop. Standing Out from The Crowd We knew from the outset that just having great and accurate monitoring was not going to be enough to stand out, so from day one, we made sure that: Made for , not (just) developers - Revend monitors your buying journey, not your backend or frontend systems. business people monitoring - we make sure you are the first to know if there is a problem with your shop in minutes, not hours or days. Real-time Turnkey - Easy, no-hassle , no custom integration or long implementation project required. 5 minute setup My Predictions on the e-Commerce Industry in 2023 I talk to e-commerce founders, solution providers, and agencies on a daily basis. My  predictions for 2023, based on those conversations so far, are the following: In a cookieless world, will become a webshop’s lifeblood for the entire funnel. In order to keep doing meaningful marketing automation, a plan to consistently harvest this data will be(come) crucial. first-party data When selling via , the ownership of data will become more of a hot topic. When the marketplace simply doesn't offer you access to the full data story, the question becomes: does making more money on marketplaces offset the blindness to your own customers' data in the long run? marketplaces is here to stay. I’ve seen both successful agencies and brands use it to their advantage, and there seems to be no going back. Headless or composable e-commerce could see growth for Gen-Z and younger audiences for the upcoming Black Friday, as social media giants continue to invest heavily in it. Whether they can break into the European and US markets (where they have had meager results so far) remains to be seen. Live e-commerce What word defines the state of e-Commerce in 2023? The word I would choose is “Flowing”. There’s never a moment of stasis, everything is constantly moving, updating, and shifting. One of many examples is the forced move to GA4, which has meant quite to overhaul in terms of tracking and monitoring for a lot of e-commerce players. Why we decided to participate in HackerNoon's Startup of the Year awards After more than a year in stealth mode, our team is ready to show what we’ve been working on, and we’re proud of it. Happy users, a clear value, and an easy-to-use product. HackerNoon is the perfect platform to reach like-minded people who can evaluate and discuss the topics we are interested in. Final Thoughts Whether you are an e-commerce operator who just heard from us, a startup aficionado browsing HackerNoon, or a -supporter from day one, I thank you from the bottom of my heart for reading this far. Revend I promise that our team and I will continue doing our best to serve the e-commerce community as best we can, and your support for staying on that path is much appreciated. Revend is nominated as Startup of the Year in Antwerp, Belgium. Vote for us today!

Maintaining Your Web Store and Peace of Mind - Interview with Startups of the Year Nominee, Revend

Mantenimiento de su tienda web y tranquilidad - Entrevista con el nominado a Startups del año, Revend

Maintenir votre boutique en ligne et votre tranquillité d'esprit - Entretien avec le nominé Startups de l'année, Revend

अपने वेब स्टोर और मन की शांति को बनाए रखना - वर्ष के नामांकित व्यक्ति, रिवेंज के स्टार्टअप के साथ साक्षात्कार

ウェブストアの維持と安心 - Startups of the Year ノミネート、Revenge へのインタビュー

Mantendo sua loja virtual e paz de espírito - Entrevista com o candidato a startups do ano, Revend

Duy trì cửa hàng trực tuyến và sự an tâm của bạn - Cuộc phỏng vấn với Ứng cử viên khởi nghiệp của năm, Revend

维护您的网上商店并让您高枕无忧 - 采访年度初创公司提名者 Revend

What will be the consequences of big tech growing moral failures? . Those were the good old times. People don’t throw rocks on the Google buses anymore because it was described as “a notoriously harmful institution by its diffusion of digital culture”. On Tuesday, La Casemate, a fablab based in Grenoble was vandalized and burned The public policy of supporting the digital transition was also criticized as “City Managers satisfy money-hungry start-ups and geeky geeks by opening Fablabs in trendy neighborhoods These seemingly extremely heterogeneous devices all aim to accelerate the acceptance and social use of the technologies of our disastrous time”. It’s not the first time people turn to violent protests against automation and computers. From 1979 to 1983, in France, was active in the region of Toulouse, where they posed bombs and burned buildings (CII-Honeybull in 1980, International Computers Limited in 1980, Sperry-Univac in 1983, etc.) At the time, they explained to the French Media that they were And that in their view, the Committee for Liquidation or Subversion of Computers (CLODO) “workers in the field of data processing and consequently well placed to know the current and future dangers of data processing and telecommunications.” “ The computer is the favorite tool of the dominant. It is used to exploit, to put on file, to control, and to repress.” And there were others. In 1983, in West Germany, a computer center designing software used in Pershing missiles was destroyed by a group called Rotte Zellen. In 1984, a Belgium group called the Communist Combattant Cells (CCC) bombed and destroyed the headquarters of several companies in Belgium and Germany. In London, a group called the Angry Brigade tried to do the same. And there were similar actions in Asia, in South America and of course in the US. It’s easy to dismiss the actions of these digital “protesters” as mere luddites fantasies. But their point was not that the computing industry would take jobs from people. In August 1983, the CLODO gave , where they explain : “ ” It’s rather that these tools are “ ”, pointing for example “ ”. To be clear, in their 1983 view, “ ” a rare interview in English to Processed World It’s neither retrograde nor novel. Looking at the past, we see only slavery and dehumanization, unless we go back to certain so-called primitive societies. And though we may not all share the same “social project,’’ we know that it’s stupid to try and turn back the clock. perverted at their very origin that the most computerized sector is the army, and that 94% of civilian computer-time is used for management and accounting if microprocessors create unemployment, instead of reducing everyone’s working-time, it’s because we live in a brutal society, and this is by no means a reason to destroy microprocessors. Since the 1983 movie “Wargames”, people have dissociated computer-related terrorism and violence. By insisting on hacking and hackers, it looks like digital politics, protests and violence only take place in some sort of virtual world, and that they belong to a grey zone where moral values are distant and fuzzy. Indeed, their vocabulary of “White Hat”- a good hacker, and “Black Hat”- a bad hacker, seems more related to the Lords of the Ring than to the Communist Manifesto. And since the seminal 1984 book of Steven Levy, “ ”,the digital world has been fascinated by this new storytelling, the claim to be able to break the rules of society. Its leaders always want to present themselves as revolutionaries. They always begun in a garage. They were always former hackers. They all wanted to change the world. Hackers: Heroes of the Computer Revolution But it seems that this storytelling has come to an end. The text posted by the group of Grenoble on Indymedia In their text posted on Friday, the group of Grenoble share the same disappointment as the CLODO. They call the digital promises “a blatant lie”. Echoing recent digital critics such as or even , they ask themselves what’s revolutionary or prophetic in an industry that relies on old-school capitalism, monopolies, micro-work, state regulations and money as a cardinal value. And as they reject the hacker myth, they end up calling a revered place such as the MIT… a “ ”. But people surprised, offended or shocked by this qualification should remember the way after being mistreated by this institution. Douglas Rushkoff myself temple of technocracy Aaron Swartz has been driven to suicide Violence is to be condemned. I feel sad for the people of La Casemate. They are the victims of a discharge of hate and distress. But they are also the victims of the religion of progress and technology that is being sold as an inescapable future for everyone. It’s not the truth, but there is indeed a need for disenchantment in the digital world. In the end, the members of the CLODO were never caught. They were cast aside by the emergence of a new storytelling presenting the digital transition as a revolution in its own right. But there is no new story to tell. And as the promises of this so-called revolution now fail to realize, it was only predictable that people would go back to real protesting and real violence as a result. It’s no surprise that after 20 years of obscurity, . As the negative impact of the digital industry is being felt harder and harder by citizens, actions will not be limited to nice ex-big tech employees speaking in elite conferences, or to smart social science researchers writing outraged papers as they are being financed by technology companies. people are beginning to remember about them Technology is not neutral, and there is no virtual world. Update : I should have mentioned “ ”, aka the Unabomber Manifesto, but that would need another post, or even probably a series of post… just go read it for yourself, if you’ve never done it before… can be a good entry to grasp what it’s about. Industrial Society and its Future the Wikipedia article on Ted Kaczynski Update 2 : I had forgotten but this is actually the second time in a short time that a fablab is burned in France. Last time was last year when La Cantine burned in Nantes. There was no revendication at the time, but it was thought to be a criminal act.

In France, cyber criticism turns violent as “activists” burn a fablab to protest the diffusion of…

*Note: a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, DYOR) Composed of four elements, Strengths, Weaknesses, Opportunities, and Threats, a SWOT analysis framework provides excellent insight for establishing a high-level understanding of the state of a project’s well-being through the lens of a birds-eye view. It can help formulate decisions around which areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, Celo (CELO), the carbon-negative, mobile-first blockchain dedicated to “creating conditions of prosperity for all” through regenerative finance, will get a SWOT. 💪 Strengths (Internal) (Helpful) 1. REFI Positioning A combination of DEFI and social good, regenerative finance is a movement that taps into ecological benefits to society and/or the environment. No network has remotely as much of the intellectual mindshare around innovations happening in this space as Celo. Affiliating itself with social good from launch, Celo has become the host of today’s leading projects, including Toucan, Kolektivo, Flowcarbon, Gooddollar, Glo Dollar, Impact Market, and others. Considering how underserved and under explored REFI has been as a whole, there is no upper bound to model the potential returns this as a sector can attract during the seasonal capital shuffling. 2. On-Chain Metrics Blossoming After a painful bear market and drawn-out winter, the seasons have shifted, and the on-chain metrics have thawed. Celo has been showing strong, sustainable growth across the board. DAA (Daily Active Addresses) have been going parabolic since May 2023, rallying from 5k in December 2022 to around 200k exactly 1 year later, a clean 40x. Total addresses jumped from 1.5m to ~4m (a notable 2.67x). TVL has begun ticking up from ~$80m to ~$120m. Total amount of active, verified, smart contracts steadily rising beyond 33,000. Daily transactions have rebounded from their painful lows of around 100k per day earlier this year to around 400k now, and no signs of slowing down. 3. Focus on Stablecoin Payments Many people underestimate how still nascent and small crypto is relative to the enormous economic markets it is tackling. Remaining one of the largest financial sectors ripe for disruption, payments are tightly correlated with stablecoins, and stablecoins are tightly correlated with real commercial/retail adoption; therefore, the use case and value proposition that Celo is pursuing have universal appeal. Moreover, having a concrete vision and a clear market to innovate around does not receive enough recognition. The vast majority of alternative layer 1’s lack focus and try too hard to become the ultimate generalized solutions that can support every exotic use case under the degen sun. Celo can allocate its resources and efforts more efficiently and not waste time on things such as Memecoins. This is not to say memecoins are bad, just highlighting the nature of the project. 4. Network of Validators Home to 110 validator nodes, owned by 78 independent entities, including some of the most significant Web2 technology companies on the plant, such as Google Cloud, Deutsche Telekom, Telefonica, et al., as well as some of the most well-known crypto and Web3 entities such as Binance, Polychain Capital, Blockdaemon, and others; Celo has the material support from a set of validators many dream of. 5. One Block Finality A common area of concern in the context of public blockchain infrastructure, finality has become a definitive factor in the design preferences of financial institutions around the world. As it relates to retail finance, the quicker the finality, the more confidence the users have with their transactions, the more likely they are to return and use the product again. Celo has always had this at the front of mind in their operations. This “immediate” finality structure mitigates reorgs (something infinitely valuable at the enterprise level) and was possibly an important factor in Celo being able to build powerful relationships with legacy Web2 conglomerates. 6. Finite CELO Supply Inflation Launching with 60% (600m) of the total token supply circulating (depending on how it’s measured), Celo has an extremely smooth emission model to release the remaining 40% (400m) of tokens over the course of 30 years (ending in 2050). At the end of the emissions, the token supply model would, in fact, become slightly deflationary due to the transaction burns. Moreover, the emissions are primarily allocated to community building and validator/staking incentives, which means they would potentially foster economically resilient networks of aligned actors. This is, of course, in addition to the most sensitive benefit of balancing the impacts of dilution on existing/early participants. 7. Transaction Fee Payments While most major blockchains constantly deal with the friction of forcing participants to acquire native tokens in order to interact with the networks, Celo has introduced semi-agnostic network fee payments, allowing transactions to be paid for in any of the approved alternative assets. Opting for such a model seems counterintuitive as it would defeat the existential purpose of the gas token itself; however, it is not unlikely that this friendliness translates to a higher degree of adoption. By having multi-asset fee payments, the network can, in fact, help bolster asset velocity and become economically intertwined with other projects. 😞 Weaknesses (Internal) (Harmful) 1. Gingerbread Identity Crises Celo used to distinguish itself in the marketplace by playing the role of an independent, EVM-compatible Layer 1 blockchain network focused on mobile clients and payments (aka stablecoins). Recently, however, the project has embarked on a technical restructuring (known as the “Gingerbread” hard fork) to transition into an extension of the Ethereum ecosystem by becoming an OP-stack-based Layer 2. Even though this action was enforced by the community itself through a governance proposal, such a fundamental pivot can result in organizational chaos, which, if untamed, can result in the collapse of interest. If the project built its community on a specific set of fundamental beliefs and those beliefs change, it runs the risk of alienating previous members. 2. Low Network Earning vs MCAP Validator earnings is a theme that plagues all low-fee, high-throughput layer 1 networks. Earnings are established based on how much validators accrue from transaction fees. Considering that most transactions on Celo are below <$0.001 and only a small portion of them are paid to validators, it comes as no surprise that the CELO network posted annual earnings around sub <$50,000 USD. When weighed against its floating capitalization of $324,577,949, we arrive at a ratio of 6,500:1. To be totally fair, as an individual metric to gauge a cryptocurrency’s “fair value,” this is incomplete, but can certainly be used as a component in building a more complete picture. 🧐 Opportunities (External) (Helpful) 1. Low DEFI Diversity Currently sitting at just three (3) with Mento, Curve, and Uniswap controlling over 90% of Celo’s total DEFI TVL, the decentralized financial scene on Celo is craving development. Of natively built Celo solutions, only Mento has any material relevance with its some odd 60 million collateralized stablecoins minted; otherwise, the leading DEX is non-native, lending markets are effectively non-existent, and no derivatives/perps built on it. Young projects looking to gain center stage in an ecosystem and old-timers looking to expand to new horizons would find Celo a pleasant opportunity due to its lack of competition and EVM compatibility. It is almost certain that over the course of the next 12–24 months, this balance will change; the projects that rise to capture market share will bring abundance to the Celo social sphere. 2. Gingerbread Hard Fork Activated at the End of Q3 as the initiation of Celo’s techno-economic restructuring, Gingerbread is a 2-phase process that will transform the network from an independent EVM-compatible Layer 1 to an ETH-aligned Layer 2. Introducing a multitude of changes, including the principle of “Ultragreen Money,” which will adjust the transaction mechanism to burn 80% of fees and funnel 20% towards a Carbon offset Fund. Supercharging finality guarantees with a second layer of security derived from the Ethereum epochs (so finality within Celo itself and the finality of its Data on Ethereum). Leveraging the OP-stack for its execution and EigenDA for posting its activity engenders Celo to both of those ecosystems, which could translate into powerful network effects. The existing validators will have their roles shift into sequencers, which would make Celo the first L2 to have a truly decentralized sequencer set. 3. Support from Ethereum Ecosystem By aligning itself with Ethereum, it seems more likely than not that many reputable protocols will extend operations over to Celo, especially when considering the extremely high level of compatibility that will be present. Already getting public praise from prominent members Vitalik and Joseph Lubin for their innovations, lending protocol AAVE has announced that it will be coming to Celo, bringing with it the mature infrastructure and stakeholder set already prevalent across many EVM-compatible networks. 😳 Threats (External) (Harmful) 1. DEFI Centralization With just 3 protocols controlling over 90% of the TVL on Celo, the ecosystem is at risk of over-concentrated protocols that disincentivize new competitors. Liquidity is highly reflexive; where there is liquidity, more shall flow; where there is little, it shall dry over time. Certainly, the argument can be made that centralization counteracts fragmentation and increases market efficiencies, but having a high degree of reliance on a small group of actors introduces unwanted risks for Celo itself. Without stimulating competition, new ideas will not make their way to Celo and instead be attracted to more conducive environments. 2. Weak Social Presence CELO does not have the ravaging maniacal die-hard community members or social presence common to most L1s. Even though this quaintness might seem understandable from the perspective of enterprise participants, those raw savage human emotions that drive market hype cycles through peek euphoria and keep it alive in the depths of winter are the foundation of markets. By not cultivating this kind of culture, it is only a matter of time until the projects that do capture all the creative imaginations and attract more users. Meme’s matter. Takeaway: Laying closer to the centralized side of Web3, Celo is a polished environment that emphasizes cooperation, coordination, and goodwill without degen tribalism. Carbon neutrality, prosperity, cooperation, and a smorgasbord of other ESG-conscious, purpose-driven material is woven throughout all of its branding and content. While generally tucked away from the average retail participant, Celo has received a lot of support and recognition from renowned industry insiders, including Vitalik Buterin, Sreeram Kannan, Joseph Lubin, et al., for its technical decisions, as well as operational integrations with global megacorps such as Kickstarter and Google Cloud. Conclusion: Fostering environmental well-being, supercharging capitalism with the narrative to become a tool for social good, and delicately balancing financial innovation, Celo is an intellectually stimulating project that has put considerable effort into distinguishing itself from others and defining its product market fit. In the unique position of abandoning its original architecture in hopes of reinvigorating market interest with technology, Celo has become an interesting project to watch, if not for price, then as a case study on the merits of such fundamental structural changes. One simply cannot fade the long-term potential of Celo. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂 Also published . here

Reviewing Celo, The Carbon-Negative, Mobile-first Blockchain

সেলো, কার্বন-নেতিবাচক, মোবাইল-প্রথম ব্লকচেইন পর্যালোচনা করা হচ্ছে

Überprüfung von Celo, der CO2-negativen, Mobile-First-Blockchain

Revisión de Celo, la cadena de bloques móvil y con emisiones negativas de carbono

Examen de Celo, la blockchain à carbone négatif et axée sur le mobile

सेलो, कार्बन-नेगेटिव, मोबाइल-फर्स्ट ब्लॉकचेन की समीक्षा

Celo のレビュー、カーボンネガティブ、モバイルファーストのブロックチェーン

탄소 배출 제로, 모바일 우선 블록체인 Celo 검토

Revendo Celo, o blockchain móvel com carbono negativo e primeiro

Обзор Celo, углеродно-отрицательного блокчейна, ориентированного на мобильные устройства

Karbon Negatif, Mobil Öncelikli Blockchain Celo'yu İncelemek

Đánh giá Celo, Blockchain tiêu cực, ưu tiên thiết bị di động

回顾 Celo，碳负、移动优先的区块链

Recently, there has been a surge in the popularity of DeFi and Telegram trading bots. These bots have become popular among traders looking to navigate the volatile cryptocurrency market and simplify their trading experience. By blending automation with comprehensive data and insights, trading bots assist traders in making well-informed decisions and optimizing their strategies. These bots have garnered attention from both retail investors and seasoned traders due to their accessibility and user-friendliness, all while offering advanced functionalities. They aid in identifying trading signals, verifying token security, automating token transactions, and even facilitating copy trading. Here are some of the best crypto trading bots you can use now! Mizar stands out as a promising newcomer in the realm of DeFi trading bots. It distinguishes itself by being the only platform that provides both CeFi and DeFi trading tools and comes with no monthly fees. Mizar's comprehensive toolkit includes trading bots compatible with centralized exchanges like Binance and Coinbase and decentralized exchanges like Uniswap. The platform has garnered support from prominent investors, including Nexo, KuCoin, Huobi, and MEXC, and enjoys a user base of over 20,000 cryptocurrency traders. Mizar Recently, Mizar its groundbreaking product, D-Mizar, tailored for investors seeking early access to and trading opportunities with emerging altcoins on Uniswap. D-Mizar empowers traders to explore new tokens, conduct research, and engage in automated sniping or trading activities. introduced Main Features helps traders spot potential trading opportunities in the Uniswap - Ethereum ecosystem through actively monitoring more than 600 Telegram Channels and Groups. When a new token contract is mentioned in any of these channels, Mizar identifies it as a prospective trading call and presents it on a dashboard. Mizar's users can access additional data for each token contract, including the call's source, up-to-the-minute price and market capitalization data, total liquidity, pool size, and crucial security information such as potential honeypot risks and associated buy and sell tax rates. Mizar Telegram Calls The is a publicly accessible tool at no cost and can be used as a valuable resource for investors to conduct research and assess the security of ERC-20 tokens. This tool grants traders access to a wealth of advanced information, including details such as contract taxes, restrictions on buy and sell quantities, token ownership, and creator profiles, and an array of other critical parameters. The Mizar Token Sniffer efficiently handles the verification process for traders, presenting a comprehensive dashboard that enhances their ability to make well-informed decisions. Mizar Token Sniffer At the heart of D-Mizar lies the , a tool that enables users to swiftly engage in token trading on the Uniswap v2.0 - Ethereum platform. The Sniper Bot operates in a fully automated way, eliminating the need for any technical expertise or coding skills on the part of the users. It empowers users to secure tokens immediately upon their launch and configure an automated take-profit mechanism to sell them automatically when their price reaches a defined threshold. Moreover, Mizar has devised a sophisticated safety system that automatically safeguards against rug pulls post-purchase and a set of security features that prevent traders from buying tokens that fail to meet essential safety criteria. Sniper Bot Mizar is actively working to release new tools, including automated DeFi bots incorporating features like copy trading to make it more accessible to less experienced traders as well. All these crypto trading solutions and more make Mizar one of the top platforms dedicated to improving users' results. What makes Mizar stand out: Free and public Research tools like the Token Sniffer and Telegram Calls. Sniper Bots and DEX trading bots. Usable from Telegram and webapp. Backed by Nexo, KuCoin, Huobi, and MEXC Over 20,000 crypto traders already use it No monthly fees Unibot is another top crypto trading platform that has been making waves since its launch in May 2023. The service provides fast and user-friendly trading tools and sniper bots via its Telegram bot. Like Mizar, Unibot allows users to snipe tokens just as easily as they would send messages on the popular messaging app. Unibot Unibot was developed by Diamond Protocol, a company focusing on building trading tools for Ethereum. Its goal is to increase automatic crypto trading via Telegram bots and offer traders an alternative to traditional trading methods. So far, their plan works as Unibot users traded over $250 million worth of tokens, and the platform redistributed almost $5.0 million to users. Unibot offers crypto traders multiple solutions, all accessible for free. Automated Limit Orders: Unibot provides the capability to execute orders automatically when the market reaches a specified level. This feature enables you to buy at a set price on Uniswap, where limit orders are not available. Sniper Tools: Unibot offers powerful sniper tools, including the mirror sniper function that allows you to replicate successful traders, potentially leading to impressive profits. Additionally, the method sniper assists in identifying new token launches and liquidity opportunities on DEXes. Profit and Loss (PNL) Analysis: When using Unibot to manage your account, you can effortlessly monitor your trading performance. Unibot offers comprehensive insights that help you validate the effectiveness of your trading strategy. Private Transactions: Unibot provides private trade options that are resistant to Miner Extractable Value (MEV) bot vulnerabilities, reducing the risk of falling victim to front-running or sandwich attacks. Fail-Safe Selling: Unibot empowers you to test orders in advance to determine if they might fail, thereby avoiding unnecessary gas fees and optimizing your profit potential. What makes Unibot stand out: Free token sniping bots usable directly from Telegram. It claims supporting trades 6x faster than on Uniswap. A trading volume of over $200 million 40% revenues share that brought $5.0M shared. Maestro Another platform taking advantage of the telegram bots resurgence is and its army of crypto trading bots usable from Telegram. This service provides a versatile suite of trading tools available in a multi-chain (BSC, ETH, ARB) environment. Upon its launch, the platform garnered over $4.5 million in trading fees only in May. That's an impressive figure for a four-member team that only employs 2 developers for maintenance and updates. Maestro Maestro provides several crypto trading tools popular among beginner and seasoned traders. These include a sniper bot, a smooth wallet tracker, and a proactive whale bot. These products, together with future releases, should create a far-reaching ecosystem capable of satisfying the needs of DeFi crypto enthusiasts via Telegram. The central offering of Maestro is its trading bot, which serves as its cornerstone feature. With this bot, users have the capability to seek out tokens and make rapid purchases immediately upon their release, securing a position as early buyers. Traders can implement automated selling strategies, triggering sales when specific price targets are reached. Furthermore, there are safeguards in place to shield traders from fraudulent schemes and provide protection against rug pulls. Additionally, Maestro facilitates signal detection by scanning Telegram channels and offers the ability to engage in copy trading from other wallets. Another Maestro interesting feature is the Whale Bot, which sends users instant notifications via Telegram on whale transactions. Whale watching is common among crypto traders since it shows important market movements. This service alerts users about the latest actions of whales and other market drivers, thus pinpointing potential lucrative deals. Maestro users can rely on the platform's Wallet Tracker to get Telegram notifications on real-time price changes for several cryptocurrencies. Notably, users with wallets on both BSC and ETH can keep an eye on their balances without leaving Telegram. Lastly, Maestro supplies highly ambitious crypto groups with an innovative Buy Bot. This feature allows investors and token groups to monitor buys, sells, and price changes for up to two tokens for free. What makes Maestro stand out: A fast Telegram sniper bot usable across several blockchains Easy liquidity, launch, and method sniping Anti-rug protection Monitor price changes for up to two tokens for free Direct presale entries on Pinksale These are some of the top crypto trading bots on the market you can use, whether for beginner, casual, or expert trading. The emergence of Telegram sniper and sniffer bots is a trail-blazing phenomenon already carving its own piece of the market. If you are ready for automatic cryptocurrency trading, you can start with any of these services. Their bots are your optimal allies in a fast-paced crypto market where making the right decision with every trade is humanly impossible. Remember to do your due diligence before making any investment decisions. This story was distributed as a release by Crypto Adventure under HackerNoon’s Brand As An Author Program. Learn more about the program . here

Reviewing DeFi Trading Bots — Mizar, Maestro, and Unibot

Revisión de los robots comerciales de DeFi: Mizar, Maestro y Unibot

Examen des robots de trading DeFi – Mizar, Maestro et Unibot

डेफी ट्रेडिंग बॉट्स - मिज़ार, मेस्ट्रो और यूनीबोट की समीक्षा करना

DeFi取引ボットのレビュー — Mizar、Maestro、Unibot

Revendo bots de negociação DeFi – Mizar, Maestro e Unibot

Đánh giá các Bot giao dịch DeFi - Mizar, Maestro và Unibot

回顾 DeFi 交易机器人——Mizar、Maestro 和 Unibot

The Sandbox offers everyone — from crypto investors to thrill-seekers — a chance to play unique and fun games while earning cash. Upon , players will get the chance to explore new worlds and complete creative quests within them. There are even collaborations with popular franchises that can be found in this metaverse. One such franchise players can find in The Sandbox is The Walking Dead, a hit franchise about zombie survival that has boasted collaborations with other games before. The Walking Dead: A Day in Alexandria is the official world featured in The Sandbox Alpha Season 3, though the amount of official content featured in the world is somewhat lacking. entering The Sandbox The Sandbox Alpha Season 3 - The Walking Dead: A Day in Alexandria When players first find themselves entering A Day in Alexandria, they’re greeted with an interesting set piece. Mounted soldiers fend off nearby zombies amongst broken, rusty cars and buses. Fans of the series will quickly find themselves face-to-face with Michonne — someone that should be very familiar to them. She’s the first one to direct players to the iconic Alexandria Safe-Zone, complete with its walls and numerous residents. Players will find the names of other familiar characters such as Eugene, Rick, and Negan, but there are also a couple of named survivors not present in other Walking Dead media. This ties into the world’s story, making some notable departures from events found elsewhere in the franchise. Rather than following an exact timeline, the version of The Walking Dead featured in The Sandbox seems to be a collection of famous characters all together in one famous location. There are many aspects of this world that don’t line up with the hit TV series or other media. Even some characters that can be found in places like the novels or the show don’t reflect their Sandbox counterparts at all, though this might simply be a case of common names showing up in more places than one. It could be argued that this was done on purpose, though more critical fans might wonder if any writers involved in The Walking Dead had any input on this collaboration at all. The “Gameplay” of A Day in Alexandria Despite any arguments that can be made about A Day in Alexandria’s faithfulness, one can’t help but acknowledge how heavily it focuses on its writing. Every quest is focused around getting the player to connect with Alexnadria’s inhabitants through dialogue and worldbuilding. The player is never in any danger, but the constant air of mistrust and aggressive nature of some survivors can still lead to tensions rising every now and then. The world acts somewhat similar to a visual novel in that sense, using its quests to tell a story for the player to get immersed in. Unfortunately, this focus on storytelling leads to extremely poor gameplay. For a franchise so heavily focused on survival, betrayal, and conflict, there’s no point in which players will need to fend off anything. Even the walkers found outside of Alexandria are nothing more than animated statues unable to harm the player. This wouldn’t be too big of an issue on its own, but the quests given to players don’t offer a very good substitute. They simply involve running from place to place, occasionally carrying an item over to another survivor or just inspecting random areas within the safe-zone. The most these quests offer is busywork, and though players still get rewarded for completing them, it’s hard to feel engaged with them and their stories. Final Thoughts on The Sandbox Version of The Walking Dead It’s hard to recommend The Walking Dead on The Sandbox for any reason other than earning rewards from quests. A lot of the references to The Walking Dead itself are very surface-level, and the quests surrounding them don’t offer any sort of challenge or variety. It’s especially a shame because there are many Sandbox worlds that offer a lot more than this, so to see such a grand franchise represented so poorly can only make one wonder where it all went so wrong. A big reason why the concept of the metaverse turns people away is because there haven’t been many metaverses that rival the creativity and variety of other games out there. The Sandbox has numerous tools and resources to allow that creativity, but many of the official worlds don’t make use of them. It makes sense when considering worlds based around celebrities, but not with major franchises like The Walking Dead. Interestingly, this isn’t the first time The Sandbox has collaborated with The Walking Dead. They featured a Game Jam back in 2021, giving players the chance to make their own game based on the franchise. Some of these games are actually very fun and creative, pitting players against massive hordes of zombies. It’s a wonder the official experience featured in The Sandbox Alpha Season 3 turned out so poorly in comparison. A Day in Alexandria makes one thing clear. If major franchises want to make a leap into the metaverse, they have to push themselves harder than simply plastering their name onto a virtual world. There’s a potential for entire Triple-A titles to be published on metaverses like The Sandbox, but if there’s not much effort put into the games themselves, this possibility isn’t going to lead anywhere.

Reviewing The Walking Dead on The Sandbox Alpha Season 3

Reseña de The Walking Dead en The Sandbox Alpha Season 3

Examen de The Walking Dead sur The Sandbox Alpha Saison 3

सैंडबॉक्स अल्फा सीजन 3 पर द वॉकिंग डेड की समीक्षा करना

サンドボックス アルファ シーズン 3 でのウォーキング デッドのレビュー

Revendo The Walking Dead na 3ª temporada de The Sandbox Alpha

Đánh giá The Walking Dead trên The Sandbox Alpha Season 3

回顾 Sandbox Alpha 第 3 季的行尸走肉

NAFO (North Atlantic Fella Organization) recently commemorated its second anniversary as a group dedicated to supporting Ukraine’s efforts to defend itself in the wake of Russia’s full-scale invasion. This decentralized group of individuals from around the world, often unorganized, can organically assemble with great passion to make a mockery of those spreading Russian disinformation when needed. The group has shown no signs of relenting in its fight against pro-Russian narratives and propaganda on the internet. Its most recent target was former Trump administration official, Elbridge Colby. According to the Department of Defense, Elbridge Colby was the “Deputy Assistant Secretary of Defense for Strategy and Force Development, in which capacity he was responsible for defense strategy, force development, and strategic analysis for OSD Policy.” He is also the grandson of William Colby, who was the head of the CIA under Richard Nixon and Gerald Ford. As a CIA Deputy in Vietnam under Lyndon Johnson, he was responsible for the Phoenix Program. Colby’s primary argument centers around the idea that aid should be reduced to Ukraine, in favor of shifting America’s focus to the Asia-Pacific. However, this was not the primary driver leading NAFO fellas to attack Colby with counterpoints and memes. As Ed Scarce wrote in Crooks & Liars, Elbridge took issue with a video from last month of the head of NATO's military committee Bob Bauer giving praise to the efforts of NAFO as a group in helping fight Russian disinformation. Elbridge’s reply to the video already has over 260k impressions on X (formerly known as Twitter). Elbridge then began complaining about his posts and account timeline being inundated with “NAFO accounts.” Seeking a defensive alliance, he tried to engage Elon Musk and pro-Kremlin commentator, David Sacks. However, disinformation expert and founder of Vatnik Soup, Pekka Kallioniemi, pointed out that the treatment Elbridge was getting was “the exact treatment that people talking against the Kremlin have been receiving for the last 10 years.” It  was quite the sight to see on X that a former Trump official was sitting behind a screen, ferociously engaging  with random individuals with profile images of cartoon dogs. One fella on X with the username osint_69 commented, “The funny thing about Mr. Elbridge Colby is that he thinks of himself as a serious person who should be respected but he is engagement farming by arguing with cartoon dogs. His grandfather would surely be ashamed.” Even former US House representative, Adam Kinzinger, who is a fella himself, joined in on the mockery. Kinzinger, responding to Elbridge, commented “you don’t get to feign seriousness now that you tried pretending NAFO was CIA, got schooled, and for months refused serious convos.” Elbridge joins a long list of officials who have been humbled by a random group of cartoon dogs on the internet. First, it was the infamous Mikhail Ulyanov who found himself in a spat with NAFO fellas in 2022. He made the mistake of replying to a cartoon dog, with the words heard around Twitter, “You pronounced this nonsense, not me.” Ulyanov was humiliated and took down his social media for some time. As Vice News put it, “Shitposting Shiba Inu Accounts Chased a Russian Diplomat Offline.” Russian state media was left licking their wounds as they finally felt the momentum shift as Russian troll farms finally met a worthy opponent fighting back against Russian information warfare. RT, the official Russian state media, made an attempt to discredit NAFO by labeling it as “a vast pro-Ukrainian 'bot army' designed to influence Western policy makers.” Russia uses troll factories to try and spread disinformation across the internet. For years, the West lacked an effective response. In a democratic society, governments can’t restrict the open flow of information, which makes it easier for authoritarian governments to influence Western societies. There is a reason China has never allowed TikTok to be available domestically but supports its functioning in the West. It is difficult to doubt the effectiveness of NAFO. There isn’t any better alternative in the democratic world as a counterweight to the Russian information offensive on the internet. Before NAFO’s existence, a prominent official or pro-Kremlin commenter like David Sacks could spread propaganda without ridicule, and the average person reading the posts and comments was more likely to accept it as fact. It was estimated that around 126 million Americans saw Russian-backed content on Facebook during the 2016 presidential campaign. With NAFO’s intervention, if someone is reading a post spreading Russian disinformation and sees the comments full of memes ridiculing the posted statements, it might give the reader pause and the idea to further research what is being discussed. As Pekka Kallioniemi puts it: By ridiculing Russian propaganda, NAFO disarms it since the disinformation is so unbelievable and poorly executed. The danger of not fighting Russian disinformation will have impacts on the battlefield itself. While the US Congress was splintered and debating aid for Ukraine, Russia's disinformation played an important role in helping delay aid. In December 2023, US Senator Thom Tillis said that talks on Ukraine aid were bogged down as some lawmakers had concerns that “people will buy yachts with this money.” This was a popular point of disinformation pushed by Russian intelligence services that had been spreading throughout the internet, even retweeted by the US House Rep Marjorie Taylor Greene. Elbridge Colby has now joined the ranks of esteemed company. Republican Senator Mike Lee also found himself in a feud with NAFO fellas in 2023. Lee appeared to have lost his mind with NAFO fellas crashing his Twitter polls surveying whether the U.S. should send aid to Ukraine. In his attacks against NAFO, he linked a pro-Kremlin website to try and support his point. In the end, his spat with the fellas led to a very unhealthy obsessionwith NAFO for Lee and resulted in him blocking NAFO accounts en masse from being able to view posts on his @BasedMikeLee account. NAFO, as a random group of individuals, has shown how information warfare is becoming decentralized, with the average person playing an important role as a member of a larger group supporting similar objectives. It’s the organic formation of a response from the democratic world to fight Russia’s troll farms on the internet with memes to help influence perceptions. Not only do the fellas fight back against the Russian trolls, but they also combat those spreading Russian disinformation at the highest levels. As Senator Mike Lee has demonstrated, NAFO’s mocking of their peddling of Russian propaganda drives those officials to frustration when confronted by such a ‘menacing’ force on the internet. Ukraine needs all the support it can get. Awareness of Ukraine’s plight connects back directly to support on the battlefield for Ukraine. Russian disinformation is a key war strategy by Russia to undermine support for Ukraine abroad. Serhii Kuzan, chair of the Ukrainian Security and Cooperation Center think tank and a former adviser to the Ministry of Defense of Ukraine, told me in a recent interview that Russia’s information war is focused on destabilizing Ukraine and also working to undermine support for Ukraine internationally. While some may look at NAFO and have a chuckle at their work, the group is playing a vital role in supporting Ukraine, no matter the scale. President Volodymyr Zelenskyy himself stated that “Attention equals help. No attention will mean no help. We fight for every bit of attention.” Every individual behind a computer who logs on every day and posts memes ridiculing Russian disinformation and propaganda is playing a much larger role than they realize. The NAFO fellas, from across the political spectrum and from around the world, are all united by the cause of Ukraine and its fight for freedom. Somewhere out there, Elbridge Colby, Mike Lee, and the fan-favorite, Mikhail Ulyanov, must be thinking to themselves how they ever bothered to try responding to a bunch of random cartoon dogs on the internet. NAFO ( North Atlantic Fella Organization ) recently commemorated its second anniversary as a group dedicated to supporting Ukraine’s efforts to defend itself in the wake of Russia’s full-scale invasion. This decentralized group of individuals from around the world, often unorganized, can organically assemble with great passion to make a mockery of those spreading Russian disinformation when needed. North Atlantic Fella Organization anniversary decentralized The group has shown no signs of relenting in its fight against pro-Russian narratives and propaganda on the internet. Its most recent target was former Trump administration official, Elbridge Colby. According to the Department of Defense , Elbridge Colby was the “Deputy Assistant Secretary of Defense for Strategy and Force Development, in which capacity he was responsible for defense strategy, force development, and strategic analysis for OSD Policy.” Department of Defense He is also the grandson of William Colby , who was the head of the CIA under Richard Nixon and Gerald Ford. As a CIA Deputy in Vietnam under Lyndon Johnson, he was responsible for the Phoenix Program . William Colby responsible Phoenix Program Colby’s primary argument centers around the idea that aid should be reduced to Ukraine , in favor of shifting America’s focus to the Asia-Pacific. However, this was not the primary driver leading NAFO fellas to attack Colby with counterpoints and memes. Ukraine shifting As Ed Scarce wrote in Crooks & Liars , Elbridge took issue with a video from last month of the head of NATO's military committee Bob Bauer giving praise to the efforts of NAFO as a group in helping fight Russian disinformation. wrote Crooks & Liars video Elbridge’s reply to the video already has over 260k impressions on X (formerly known as Twitter). reply Elbridge then began complaining about his posts and account timeline being inundated with “NAFO accounts.” Seeking a defensive alliance, he tried to engage Elon Musk and pro-Kremlin commentator , David Sacks. However, disinformation expert and founder of Vatnik Soup, Pekka Kallioniemi , pointed out that the treatment Elbridge was getting was “the exact treatment that people talking against the Kremlin have been receiving for the last 10 years.” pro-Kremlin commentator founder Pekka Kallioniemi It  was quite the sight to see on X that a former Trump official was sitting behind a screen, ferociously engaging  with random individuals with profile images of cartoon dogs. One fella on X with the username osint_69 commented , “The funny thing about Mr. Elbridge Colby is that he thinks of himself as a serious person who should be respected but he is engagement farming by arguing with cartoon dogs. His grandfather would surely be ashamed.” commented Even former US House representative, Adam Kinzinger, who is a fella himself, joined in on the mockery . Kinzinger, responding to Elbridge, commented “you don’t get to feign seriousness now that you tried pretending NAFO was CIA, got schooled, and for months refused serious convos.” Adam Kinzinger, mockery commented Elbridge joins a long list of officials who have been humbled by a random group of cartoon dogs on the internet. First, it was the infamous Mikhail Ulyanov who found himself in a spat with NAFO fellas in 2022. He made the mistake of replying to a cartoon dog, with the words heard around Twitter, “You pronounced this nonsense, not me.” Mikhail Ulyanov Ulyanov was humiliated and took down his social media for some time. As Vice News put it, “Shitposting Shiba Inu Accounts Chased a Russian Diplomat Offline.” Vice News Russian state media was left licking their wounds as they finally felt the momentum shift as Russian troll farms finally met a worthy opponent fighting back against Russian information warfare. RT, the official Russian state media, made an attempt to discredit NAFO by labeling it as “a vast pro-Ukrainian 'bot army' designed to influence Western policy makers.” labeling Russia uses troll factories to try and spread disinformation across the internet. For years, the West lacked an effective response. In a democratic society, governments can’t restrict the open flow of information, which makes it easier for authoritarian governments to influence Western societies. There is a reason China has never allowed TikTok to be available domestically but supports its functioning in the West. troll factories TikTok It is difficult to doubt the effectiveness of NAFO. There isn’t any better alternative in the democratic world as a counterweight to the Russian information offensive on the internet. Before NAFO’s existence, a prominent official or pro-Kremlin commenter like David Sacks could spread propaganda without ridicule, and the average person reading the posts and comments was more likely to accept it as fact. It was estimated that around 126 million Americans saw Russian-backed content on Facebook during the 2016 presidential campaign. estimated With NAFO’s intervention, if someone is reading a post spreading Russian disinformation and sees the comments full of memes ridiculing the posted statements, it might give the reader pause and the idea to further research what is being discussed. As Pekka Kallioniemi puts it: By ridiculing Russian propaganda, NAFO disarms it since the disinformation is so unbelievable and poorly executed. Pekka Kallioniemi The danger of not fighting Russian disinformation will have impacts on the battlefield itself. While the US Congress was splintered and debating aid for Ukraine, Russia's disinformation played an important role in helping delay aid. In December 2023, US Senator Thom Tillis said that talks on Ukraine aid were bogged down as some lawmakers had concerns that “people will buy yachts with this money.” important role US Senator Thom Tillis This was a popular point of disinformation pushed by Russian intelligence services that had been spreading throughout the internet, even retweeted by the US House Rep Marjorie Taylor Greene. retweeted Elbridge Colby has now joined the ranks of esteemed company. Republican Senator Mike Lee also found himself in a feud with NAFO fellas in 2023. Lee appeared to have lost his mind with NAFO fellas crashing his Twitter polls surveying whether the U.S. should send aid to Ukraine. In his attacks against NAFO, he linked a pro-Kremlin website to try and support his point. Mike Lee Twitter polls attacks In the end, his spat with the fellas led to a very unhealthy obsession with NAFO for Lee and resulted in him blocking NAFO accounts en masse from being able to view posts on his @BasedMikeLee account. unhealthy obsession NAFO, as a random group of individuals, has shown how information warfare is becoming decentralized, with the average person playing an important role as a member of a larger group supporting similar objectives. It’s the organic formation of a response from the democratic world to fight Russia’s troll farms on the internet with memes to help influence perceptions. memes Not only do the fellas fight back against the Russian trolls, but they also combat those spreading Russian disinformation at the highest levels. As Senator Mike Lee has demonstrated, NAFO’s mocking of their peddling of Russian propaganda drives those officials to frustration when confronted by such a ‘menacing’ force on the internet. Ukraine needs all the support it can get. Awareness of Ukraine’s plight connects back directly to support on the battlefield for Ukraine. Russian disinformation is a key war strategy by Russia to undermine support for Ukraine abroad. Serhii Kuzan, chair of the Ukrainian Security and Cooperation Center think tank and a former adviser to the Ministry of Defense of Ukraine, told me in a recent interview that Russia’s information war is focused on destabilizing Ukraine and also working to undermine support for Ukraine internationally. Ukrainian Security and Cooperation Center interview While some may look at NAFO and have a chuckle at their work, the group is playing a vital role in supporting Ukraine, no matter the scale. President Volodymyr Zelenskyy himself stated that “Attention equals help. No attention will mean no help. We fight for every bit of attention.” Volodymyr Zelenskyy Every individual behind a computer who logs on every day and posts memes ridiculing Russian disinformation and propaganda is playing a much larger role than they realize. The NAFO fellas, from across the political spectrum and from around the world, are all united by the cause of Ukraine and its fight for freedom. Somewhere out there, Elbridge Colby, Mike Lee, and the fan-favorite, Mikhail Ulyanov, must be thinking to themselves how they ever bothered to try responding to a bunch of random cartoon dogs on the internet.

NAFO Claims Another High-Profile Victim: Fighting Back Against Disinformation

NAFO আরেকটি হাই-প্রোফাইল ভিকটিম দাবি করেছে: ভুল তথ্যের বিরুদ্ধে লড়াই করা

NAFO fordert ein weiteres prominentes Opfer: Kampf gegen Desinformation

La NAFO se atribuye otra víctima de alto perfil: la lucha contra la desinformación

L’OPANO revendique une autre victime très médiatisée : lutter contre la désinformation

NAFO ने एक और हाई-प्रोफाइल पीड़ित का दावा किया: गलत सूचना के खिलाफ लड़ाई

NAFO がまたもや有名人を犠牲に: 偽情報への反撃

NAFO, 또 다른 유명 피해자 주장: 허위 정보에 맞서 싸우다

NAFO reivindica outra vítima de destaque: lutar contra a desinformação

НАФО заявляет о еще одной громкой жертве: борьба с дезинформацией

NAFO Bir Başka Yüksek Profilli Mağduru İddia Ediyor: Dezenformasyona Karşı Mücadele

NAFO tuyên bố một nạn nhân nổi tiếng khác: Chống lại thông tin sai lệch

NAFO 又有一名高调受害者：反击虚假信息

Since its massive inception, multiple people have claimed that the Internet and cyber-space should be free of state intervention and regulation and not without reason. One of those ideologies is Cyber-Libertarianism or Technolibertarianism, whose roots go back to the cypherpunk culture of the 90s –from which cryptocurrencies would also be born. In 2009, the tech activists Adam Thierer and Berin Szoka the characteristics of this ideological movement. summarized As a starting point, we can think of the mottos of this set of beliefs: “Live & Let Live” and “Hands Off the Internet!” —which give us good clues about this ideology. According to Thierer and Szoka, cyber-libertarianism was created as a claim to let all users be free inside the digital world. And by “free,” they, of course, refer to freedom from governmental and corporate controls. “Cyber-libertarianism refers to the belief that individuals—acting in whatever capacity they choose (as citizens, consumers, companies, or collectives)—should be at liberty to pursue their own tastes and interests online (...) Cyber-libertarians believe true «Internet freedom» is freedom from state action; not freedom for the State to reorder our affairs to supposedly make certain people or groups better off or to improve some amorphous «public interest».” \Like many others before and after, they believe there are “unaccountable elites” trying to impose their own rules on the rest of the people, and we can’t let that happen in cyberspace. This may be true or not true, but the reasons to protect our freedom in the digital realm are quite justified so far. Countries like China, Iran, Pakistan, and Russia apply heavy of the Internet to their citizens. Meanwhile, even the land of “freedom,” the United States, has restrictions for certain online content, and their intelligence services are conducting global surveillance programs. The need to protect our online privacy and freedom is there, undoubtedly. censorship and surveillance Rights and Views in Cyber-Libertarianism For cyber-libertarians, the distinction between social and economic freedom dissolves. Advocating liberty in both spheres, they contend that curtailing freedom in one domain inevitably impacts the other. The philosophy rejects government intervention in addressing "code failures" ( ), emphasizing voluntary market responses over coercive bureaucratic solutions. market failures When addressing policy issues, Privacy policy and online advertising should rely on user empowerment and industry self-regulation, avoiding unintended consequences on freedom of speech and commerce. Regarding net neutrality, they oppose "open access" regulation, advocating for market-driven solutions and innovation. the philosophy favors parental empowerment and self-regulation over censorship in free speech and child safety. On Internet taxation, the stance is against special taxes, aiming for equal treatment of all businesses, online or on-ground. Online gambling is seen as a personal freedom, difficult to entirely suppress on the Internet, anyway. On the other hand, cyber-libertarians are divided on intellectual property (IP) matters, with some in favor and some others against it. In considering the prospects for their proposals, pessimists cyber-libertarians fear government encroachment and expanding regulations. , asserting that technology's rapid evolution will outstrip governmental attempts at control. That’s where stands. Optimists, however, envision the triumph of "Technologies of Freedom," tools and methods that outpace government regulatory capabilities Obyte Cryptocurrencies as a cyber-libertarian tool Cryptocurrencies like Bitcoin, Ethereum, or were created to protect our online freedom and beyond —our financial freedom. These assets, with their decentralized nature, cryptographic security, and autonomy from traditional banking systems, have become pivotal tools in realizing the cyber-libertarian vision. They can empower individuals to transact and interact everywhere, anytime, without the need for intermediaries, challenging the established financial order. Obyte reducing the risk of personal information exposure associated with traditional banking systems. This increased privacy empowers individuals to have greater control over their financial data, mitigating the vulnerabilities associated with centralized databases. Crypto coins enhance confidentiality by allowing users to conduct transactions pseudonymously, Moreover, cryptocurrencies operate on distributed ledger systems, ensuring transparency and immutability of transactions. This reduces the risk of fraud and corruption, while their decentralized nature also guards against censorship. Transactions cannot be arbitrarily blocked or controlled by any single authority (in Obyte, even by multiple powerful players), and funds can’t be frozen or seized. Likewise, they offer a level of financial inclusion that traditional systems may struggle to provide. fostering economic empowerment and bridging gaps in financial access. This inclusivity aligns with the principles of financial freedom, allowing people to transact and engage in cyber-economic activities without barriers. Individuals without access to traditional banking services can participate in the global economy, Additionally, the adoption of cryptocurrencies challenges the traditional financial system's monopoly, providing an alternative that is less susceptible to inflationary pressures and government interventions. The finite supply of certain cryptocurrencies, such as Bitcoin and Obyte, offers a hedge against currency devaluation and centralized control, thereby preserving the value of individuals' assets and providing a form of financial autonomy. Crypto Self-regulation vs. Government Regulation The Cyber-Libertarian stance on self-regulation versus government regulation is a critical facet of its ideology. rather than coerced, top-down, governmental solutions. They think potential issues are better addressed by voluntary, spontaneous, bottom-up community responses In the crypto world, whose roots run deep into cyber-libertarianism, proponents of self-regulation argue that the inherent design of cryptocurrencies, often governed by consensus mechanisms and open-source protocols, can effectively address issues like fraud and market manipulation without external oversight. This approach champions the principles of autonomy and trust within the crypto community. On the contrary, government regulation seeks to bring digital assets into the existing legal framework, addressing concerns related to illicit activities and investor protection. Striking a balance between fostering innovation and mitigating risks, governments worldwide are exploring regulatory frameworks for the cryptocurrency space. To date, the US Library of Congress Report, according to at least 103 countries (53% of 195) have applied some kind of regulation to cryptocurrencies. However, it’s important to consider that cryptocurrency's open-source nature plays a pivotal role in bypassing state regulations. Decentralized projects, driven by community collaboration, can evolve and adapt swiftly, creating tools and platforms resistant to government interference. Open-source software tools, such as DAG based distributed ledgers, decentralized exchanges, , and also Virtual Private Networks (VPNs) enable users to engage in transactions beyond the purview of traditional regulatory mechanisms. privacy-focused coins Therefore, we can say that, so far, the optimistic view of cyber-libertarianism is already here: technologies of freedom are winning, even if state lawmakers keep fighting. Obyte as a tool for freedom in cyberspace As we delve into practical applications of cyber-libertarianism, emerges as a noteworthy case study. This is a distributed ledger platform designed for secure and private transactions. It aligns with cyber-libertarian principles by offering Obyte a decentralized environment that enables users to transact freely without intermediaries. Obyte's approach to consensus mechanisms reflects the cyber-libertarian preference for voluntary, spontaneous arrangements and rules. Its Directed Acyclic Graph (DAG) structure ensures higher decentralization, dominated by miners or so-called “validators”. Obyte doesn’t have any of it, relying instead on users directly adding their transactions to the distributed ledger, while the order of those transactions is established with the help of Order Providers (OPs): reputable players that don’t have a lot of power over the network. compared with other crypto ecosystems This way, Obyte is fostering a system where individuals can engage in economic activities without the burden of excessive regulations. It also provides a framework within which various models of organizing commerce and community can flourish alongside and in competition with each other —as cyber-libertarianism proposes. The platform doesn’t impose a single utopian vision but instead seeks to enable diverse approaches to digital interactions. Everyone is welcome to try its functions and also to build new apps in this ecosystem. At its core, champions privacy, autonomy, and censorship resistance, fully aligning with the principles cherished by cyber-libertarians. In this ecosystem, users have the autonomy to control their digital identities and assets, promoting a vision where the ideals of individual rights and privacy can flourish in the digital realm. Obyte Featured Vector Image by pch.vector / Freepik

Cyber-Libertarianism + Crypto: Another Claim for Internet Freedom

সাইবার-মুক্তিবাদ + ক্রিপ্টো: ইন্টারনেট স্বাধীনতার জন্য আরেকটি দাবি

Cyber-Libertarismus + Krypto: Ein weiterer Anspruch auf Internetfreiheit

Ciberlibertarismo + Cripto: otro reclamo por la libertad en Internet

Cyber-libertarisme + crypto : une autre revendication pour la liberté sur Internet

साइबर-स्वतंत्रतावाद + क्रिप्टो: इंटरनेट स्वतंत्रता के लिए एक और दावा

サイバー リバタリアニズム + 暗号: インターネットの自由を求めるもう 1 つの主張

사이버 자유주의 + 암호화폐: 인터넷 자유에 대한 또 다른 주장

Ciberlibertarismo + criptografia: outra reivindicação pela liberdade na Internet

Кибер-либертарианство + криптовалюта: еще одно заявление о свободе Интернета

Siber Özgürlükçülük + Kripto: İnternet Özgürlüğüne Yönelik Bir Başka İddia

Chủ nghĩa tự do mạng + tiền điện tử: Một tuyên bố khác về tự do Internet

网络自由主义+加密货币：互联网自由的另一种主张

FTX + SBF Chapter 11 (Bankruptcy) Court Filing by John J. Ray III, Nov 17, 2022 is part of . You can jump to any chapter in this filing . This is part 6 of 20. HackerNoon’s Legal PDF Series here I- THE PREPETITION DEBTORS A. The Dotcom Silo 33. The Dotcom Silo includes FTX.com, the trade name for the business conducted by the parent company in the Dotcom Silo, FTX Trading Ltd., which is organized in Antigua. FTX.com is a digital asset trading platform and exchange. It was founded by Messrs. Bankman-Fried, Wang and Singh and commenced operations in May 2019. The Dotcom Silo also holds certain marketplace licenses and registrations in certain non-U.S. jurisdictions, including the European Union and Japan. The FTX.com platform is not available to U.S. users. 34. In addition to its core digital asset exchange, the Dotcom Silo offered an off-exchange portal that enabled users to connect and request quotes for spot digital assets and trade directly. The portal enabled users to lend their digital assets to other users for spot trading and matched users wanting to borrow with those willing to lend. 35. The FTX.com platform grew quickly since its launch to become one of the largest cryptocurrency exchanges in the world. Mr. Bankman-Fried claimed that, by the end of 2021, around $15 billion of assets were on the platform, which according to him handled approximately 10% of global volume for crypto trading at the time. Mr. Bankman-Fried also claimed that FTX.com, as of July 2022, had “millions” of registered users. These figures have not been verified by my team. 36. The Dotcom Silo’s unaudited consolidated balance sheet as of September 30, 2022 is the latest balance sheet that was provided to me with respect to the Dotcom Silo. It shows total assets of $2.25 billion as of September 30, 2022. Because such balance sheet was produced while the Debtors were controlled by Mr. Bankman-Fried, I do not have confidence in it, and the information therein may not be correct as of the date stated. 37. The chart below summarizes certain information regarding the Dotcom Silo’s consolidated assets as reflected in the September 30, 2022 balance sheet: (1) Amounts shown in thousands of U.S. Dollars.
(2) The balance sheet for non-Debtor FTX Digital Markets Ltd. is consolidated to Debtor FTX Trading Ltd.’s
balance sheet. The September 30, 2022 Balance Sheet of non-Debtor FTX Digital Markets Ltd. reflects an
asset position of $149,336, as follows: Cash and Cash Equivalents ($82,564), Restricted Cash ($10,000),
U.S. Dollar Denominated Stablecoins ($63), Related Party Receivables ($45,944), Prepaid Expenses and
Other Current Assets ($4,922), Property and Equipment, Net ($5,565) and Other Non-Current Assets
($278) (amounts in thousands of U.S. Dollars).
(3) Non-debtor FTX Digital Markets Ltd. has a net intercompany accounts payable of $30 million due to
entities controlled by Debtor FTX Trading Ltd.
(4) In the above table, assets shown reflect the elimination of intercompany entries within and between the
WRS Silo and Dotcom Silo.
(5) Customer custodial fund assets are comprised of fiat customer deposit balances. Balances of customer
crypto assets deposited are not presented.
(6) Loans Receivable of $250 million at FTX US consists of a loan to BlockFi Inc. of $250 million in FTT
tokens.
(7) Intangible assets (in the amount of $343 million) are not reflected above. These consist of values
attributable to customer relationships and trade names.
(8) Goodwill balance (in the amount of $359 million) is not reflected above. 38. To my knowledge, the Dotcom Silo Debtors do not have any long-term or funded debt. The Dotcom Silo Debtors may have significant liabilities to customers through the FTX.com platform. However, such liabilities are not reflected in the financial statements prepared by these companies while they were under the control of Mr. Bankman-Fried. The chart below summarizes certain information regarding the Dotcom Silo’s consolidated liabilities as reflected in the September 30, 2022 balance sheet: (1) Amounts shown in thousands of U.S. Dollars.
(2) In the above table, liabilities shown reflect the elimination of intercompany entries within and between the
WRS Silo and Dotcom Silo.
(3) The balance sheet for non-Debtor FTX Digital Markets Ltd. is consolidated to Debtor FTX Trading Ltd.’s
balance sheet. The September 30, 2022 Balance Sheet of non-Debtor FTX Digital Markets Ltd. reflects
total liabilities in the amount of $1,278, as follows: Accounts Payable and Accrued Expenses ($1,259),
Accounts Payable, Related Party ($19) (amounts in thousands of U.S. Dollars).
(4) Customer custodial fund liabilities are comprised of fiat customer deposit balances. Balances of customer
crypto assets deposited were not recorded as assets on the balance sheet and are not presented. 39. The Debtors in the Dotcom Silo are organized in jurisdictions around the world, with the parent company FTX Trading Ltd. organized in Antigua. The Debtors in the Dotcom Silo also own 100% of the equity interests in over a dozen non-Debtor companies. Continue Reading Here

FTX handled $15 billion USD in assets, or '~10% of global volume for crypto trading', claimed SBF 

FTX manejó $ 15 mil millones de dólares en activos, o '~ 10% del volumen global para el comercio de criptomonedas', afirmó SBF

FTX a géré 15 milliards de dollars d'actifs, soit "~ 10% du volume mondial pour le trading de crypto", a déclaré SBF

एसबीएफ ने दावा किया कि एफटीएक्स ने संपत्ति में $15 बिलियन अमरीकी डालर या 'क्रिप्टो ट्रेडिंग के लिए वैश्विक मात्रा का ~10%' संभाला

FTX は 150 億ドルの資産を処理しました。これは「世界の仮想通貨取引量の約 10%」にあたると SBF は主張しています。

A FTX movimentou US$ 15 bilhões em ativos, ou '~ 10% do volume global para negociação de criptomoedas', afirmou a SBF

FTX đã xử lý 15 tỷ USD tài sản hoặc '~10% khối lượng giao dịch tiền điện tử toàn cầu', SBF tuyên bố

SBF 称，FTX 处理了 150 亿美元的资产，或“约占全球加密货币交易量的 10%”

Steal My Subscription, Revenue Forecasting Model (P.S.: It Tracks Churn!)

The latest edition of One More Thing in AI Newsletter. Technology is best when it brings people together.” – Matt Mullenweg, founder of Auttomatic and developer of WordPress. Hey AI AI-curious reader, Thank you for subscribing to the One More Thing in AI Newsletter. This is specially curated for Startup founders and Business Leaders like you who want to get smarter about AI in less than 5 minutes. It is a snapshot of what I read and learned about AI in the last two weeks. I hope you enjoy reading this edition. Keep learning and applying AI. Best, Renjit Philip Goldman Sachs Experts Weigh In Goldman Sachs has released a report on the massive spending on artificial intelligence (AI). They explore whether this huge investment will pay off. Tech companies are set to spend over $1 trillion on AI in the next few years. The report includes views from experts who are both hopeful and doubtful about AI's economic potential. Key Insights and Arguments Doubts About AI’s Economic Impact
Daron Acemoglu (MIT) thinks the benefits from AI will be smaller than expected. He predicts only a 0.5% increase in productivity and a 1% increase in GDP over the next ten years. He believes AI won't bring significant changes quickly and doubts it will be cost-effective in automating many tasks soon.
Jim Covello (Goldman Sachs) says AI needs to solve very complex problems to justify its high costs. He is skeptical that AI will ever be cheap enough to replace many tasks affordably.


Hopes for AI’s Potential
Joseph Briggs (Goldman Sachs) is more optimistic. He predicts AI could automate 25% of all work tasks, leading to a 9% increase in US productivity and a 6.1% GDP growth over the next decade. He believes the cost savings and the trend of technology becoming cheaper support a positive long-term impact of AI.
Kash Rangan and Eric Sheridan (Goldman Sachs) are excited about AI’s potential, even though there hasn't been a clear "killer application" yet. They believe current spending on AI infrastructure is reasonable and expect long-term benefits as AI becomes more integrated into different industries.


Challenges and Constraints
Chip Shortages: Analysts warn that chip shortages, especially in High-Bandwidth Memory technology, will limit AI growth in the near future.
Power Supply Issues: Analysts highlight that the rise in power demand from AI and data centers could strain the US power grid, potentially limiting AI’s growth. Market Implications
AI Bubble Concerns: Despite doubts about AI’s fundamental value, some experts caution that the AI bubble could last for a while, benefiting infrastructure providers. Utilities might be the next big winners. Long-Term Equity Returns: Only the most favorable AI scenarios, where AI boosts growth and profitability without increasing inflation, will result in above-average long-term returns for the S&P 500. Takeaway The report presents a balanced view, acknowledging both AI investments' potential and challenges. While there is hope for AI’s transformative power and long-term benefits, there are concerns about immediate economic impacts, technological constraints, and market sustainability. This analysis shows the complexity and uncertainty of AI’s future economic contributions. It's worth a read for business leaders! The AI $600B Gold Rush: Where to Next? AI is making waves, and everyone's wondering how it will shape the future. Let’s dive into the latest insights from Sequoia Capital. But the real question is, where's the money going? For every dollar spent on a GPU, another dollar is needed for energy to run it in a data center. If Nvidia makes $50B from GPUs by the end of the year, data center costs will be about $100B. Companies using these GPUs, like Starbucks or Tesla, must make a 50% profit margin (assume that margin, which is a reasonable average). So, for every $50BN worth of chips sold, the companies need to create $200BN worth of revenues to make the purchase viable. The actual gap is $600BN. (Image from Sequoia’s blog) Takeaways from the post: Supply shortage has subsided: Late 2023 was the peak of the GPU supply shortage. Startups were desperate for GPUs, but now, it's much easier to get them with reasonable lead times. GPU stockpiles are growing: In Q4, Nvidia reported that about half of its data center revenue came from large cloud providers, with Microsoft alone likely contributing 22%. Hyperscale CapEx is at historic levels, and Big Tech is heavily investing in GPUs. Stockpiling hardware continues, and a reset will occur when stockpiles are large enough to reduce demand. OpenAI still leads AI revenue: OpenAI’s revenue reached $3.4B, up from $1.6B in late 2023. Most startups are still far behind, with revenues under $100M. AI companies need to deliver significant value to consumers to justify ongoing expenses. Lack of Pricing Power: Unlike physical infrastructure like railroads, which can charge more because there can only be so many tracks, GPU data centers can’t do that. GPU computing is becoming a cheap, hourly service. More companies keep building AI clouds, stopping any single company from controlling prices, so prices drop, like in the airline industry. Investment Losses: Investing in new technologies often leads to big losses. History shows that during technology booms, many people lose money, like with railroads. It’s easier to see which investments will lose money than which will win. Depreciation: Technology like GPUs gets better quickly. Nvidia will keep making better chips, like the B100, which will make current chips lose value fast. People overestimate how long current chips will stay valuable, unlike railroads, which don’t get better as quickly. Last word: Winners vs. Losers: There are always winners, even when there’s too much “building” fuelled by VC money. AI is expected to be the next big thing. Lower GPU costs are suitable for new ideas and startups. While investors might lose money, AI company founders will likely succeed due to lower costs and the lessons learned during this time. Forget about the current costs of AI training and GPUs and start building solutions that add value to end customers. It is still early days of AI. This is an excerpt from my newsletter published on the web at www.onemorethinginai.com The latest edition of One More Thing in AI Newsletter. The latest edition of One More Thing in AI Newsletter. Technology is best when it brings people together.” – Matt Mullenweg, founder of Auttomatic and developer of WordPress. Technology is best when it brings people together.” – Matt Mullenweg, founder of Auttomatic and developer of WordPress. Hey AI AI-curious reader, Thank you for subscribing to the One More Thing in AI Newsletter. This is specially curated for Startup founders and Business Leaders like you who want to get smarter about AI in less than 5 minutes. It is a snapshot of what I read and learned about AI in the last two weeks. I hope you enjoy reading this edition. Keep learning and applying AI. Best, Renjit Philip Goldman Sachs Experts Weigh In Goldman Sachs has released a report on the massive spending on artificial intelligence (AI). They explore whether this huge investment will pay off. Tech companies are set to spend over $1 trillion on AI in the next few years. The report includes views from experts who are both hopeful and doubtful about AI's economic potential. Key Insights and Arguments Key Insights and Arguments Doubts About AI’s Economic Impact
Daron Acemoglu (MIT) thinks the benefits from AI will be smaller than expected. He predicts only a 0.5% increase in productivity and a 1% increase in GDP over the next ten years. He believes AI won't bring significant changes quickly and doubts it will be cost-effective in automating many tasks soon.
Jim Covello (Goldman Sachs) says AI needs to solve very complex problems to justify its high costs. He is skeptical that AI will ever be cheap enough to replace many tasks affordably. Hopes for AI’s Potential
Joseph Briggs (Goldman Sachs) is more optimistic. He predicts AI could automate 25% of all work tasks, leading to a 9% increase in US productivity and a 6.1% GDP growth over the next decade. He believes the cost savings and the trend of technology becoming cheaper support a positive long-term impact of AI.
Kash Rangan and Eric Sheridan (Goldman Sachs) are excited about AI’s potential, even though there hasn't been a clear "killer application" yet. They believe current spending on AI infrastructure is reasonable and expect long-term benefits as AI becomes more integrated into different industries. Challenges and Constraints
Chip Shortages: Analysts warn that chip shortages, especially in High-Bandwidth Memory technology, will limit AI growth in the near future.
Power Supply Issues: Analysts highlight that the rise in power demand from AI and data centers could strain the US power grid, potentially limiting AI’s growth. Doubts About AI’s Economic Impact
Daron Acemoglu (MIT) thinks the benefits from AI will be smaller than expected. He predicts only a 0.5% increase in productivity and a 1% increase in GDP over the next ten years. He believes AI won't bring significant changes quickly and doubts it will be cost-effective in automating many tasks soon. Jim Covello (Goldman Sachs) says AI needs to solve very complex problems to justify its high costs. He is skeptical that AI will ever be cheap enough to replace many tasks affordably. Doubts About AI’s Economic Impact Daron Acemoglu (MIT) thinks the benefits from AI will be smaller than expected. He predicts only a 0.5% increase in productivity and a 1% increase in GDP over the next ten years. He believes AI won't bring significant changes quickly and doubts it will be cost-effective in automating many tasks soon. Doubts About AI’s Economic Impact Jim Covello (Goldman Sachs) says AI needs to solve very complex problems to justify its high costs. He is skeptical that AI will ever be cheap enough to replace many tasks affordably. Hopes for AI’s Potential
Joseph Briggs (Goldman Sachs) is more optimistic. He predicts AI could automate 25% of all work tasks, leading to a 9% increase in US productivity and a 6.1% GDP growth over the next decade. He believes the cost savings and the trend of technology becoming cheaper support a positive long-term impact of AI. Kash Rangan and Eric Sheridan (Goldman Sachs) are excited about AI’s potential, even though there hasn't been a clear "killer application" yet. They believe current spending on AI infrastructure is reasonable and expect long-term benefits as AI becomes more integrated into different industries. Hopes for AI’s Potential Joseph Briggs (Goldman Sachs) is more optimistic. He predicts AI could automate 25% of all work tasks, leading to a 9% increase in US productivity and a 6.1% GDP growth over the next decade. He believes the cost savings and the trend of technology becoming cheaper support a positive long-term impact of AI. Hopes for AI’s Potential Kash Rangan and Eric Sheridan (Goldman Sachs) are excited about AI’s potential, even though there hasn't been a clear "killer application" yet. They believe current spending on AI infrastructure is reasonable and expect long-term benefits as AI becomes more integrated into different industries. Challenges and Constraints
Chip Shortages: Analysts warn that chip shortages, especially in High-Bandwidth Memory technology, will limit AI growth in the near future. Power Supply Issues: Analysts highlight that the rise in power demand from AI and data centers could strain the US power grid, potentially limiting AI’s growth. Challenges and Constraints Chip Shortages: Analysts warn that chip shortages, especially in High-Bandwidth Memory technology, will limit AI growth in the near future. Challenges and Constraints Power Supply Issues: Analysts highlight that the rise in power demand from AI and data centers could strain the US power grid, potentially limiting AI’s growth. Market Implications AI Bubble Concerns: Despite doubts about AI’s fundamental value, some experts caution that the AI bubble could last for a while, benefiting infrastructure providers. Utilities might be the next big winners. Market Implications Long-Term Equity Returns: Only the most favorable AI scenarios, where AI boosts growth and profitability without increasing inflation, will result in above-average long-term returns for the S&P 500. Takeaway The report presents a balanced view, acknowledging both AI investments' potential and challenges. While there is hope for AI’s transformative power and long-term benefits, there are concerns about immediate economic impacts, technological constraints, and market sustainability. This analysis shows the complexity and uncertainty of AI’s future economic contributions. It's worth a read for business leaders! Takeaway The AI $600B Gold Rush: Where to Next? The AI $600B Gold Rush: Where to Next? AI is making waves, and everyone's wondering how it will shape the future. Let’s dive into the latest insights from Sequoia Capital. But the real question is, where's the money going? For every dollar spent on a GPU, another dollar is needed for energy to run it in a data center. If Nvidia makes $50B from GPUs by the end of the year, data center costs will be about $100B. Companies using these GPUs, like Starbucks or Tesla, must make a 50% profit margin (assume that margin, which is a reasonable average). So, for every $50BN worth of chips sold, the companies need to create $200BN worth of revenues to make the purchase viable. The actual gap is $600BN. (Image from Sequoia’s blog) Takeaways from the post: Supply shortage has subsided: Late 2023 was the peak of the GPU supply shortage. Startups were desperate for GPUs, but now, it's much easier to get them with reasonable lead times. GPU stockpiles are growing: In Q4, Nvidia reported that about half of its data center revenue came from large cloud providers, with Microsoft alone likely contributing 22%. Hyperscale CapEx is at historic levels, and Big Tech is heavily investing in GPUs. Stockpiling hardware continues, and a reset will occur when stockpiles are large enough to reduce demand. Supply shortage has subsided: OpenAI still leads AI revenue: OpenAI’s revenue reached $3.4B, up from $1.6B in late 2023. Most startups are still far behind, with revenues under $100M. AI companies need to deliver significant value to consumers to justify ongoing expenses. OpenAI still leads AI revenue: Lack of Pricing Power: Unlike physical infrastructure like railroads, which can charge more because there can only be so many tracks, GPU data centers can’t do that. GPU computing is becoming a cheap, hourly service. More companies keep building AI clouds, stopping any single company from controlling prices, so prices drop, like in the airline industry. Lack of Pricing Power: Investment Losses: Investing in new technologies often leads to big losses. History shows that during technology booms, many people lose money, like with railroads. It’s easier to see which investments will lose money than which will win. Depreciation: Technology like GPUs gets better quickly. Nvidia will keep making better chips, like the B100, which will make current chips lose value fast. People overestimate how long current chips will stay valuable, unlike railroads, which don’t get better as quickly. Investment Losses: Last word: Winners vs. Losers: There are always winners, even when there’s too much “building” fuelled by VC money. AI is expected to be the next big thing. Lower GPU costs are suitable for new ideas and startups. Last word: Winners vs. Losers: While investors might lose money, AI company founders will likely succeed due to lower costs and the lessons learned during this time. Forget about the current costs of AI training and GPUs and start building solutions that add value to end customers. It is still early days of AI. This is an excerpt from my newsletter published on the web at www.onemorethinginai.com

Where's the AI Revenue? Plus, Will the Trillion-Dollar AI Gamble Pay Off?

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