Wealthy nations must face their historical responsibility and provide meaningful climate finance to the Global South, or risk a future of global instability and irreversible climate damage.

The West’s Unyielding Failure in Climate Financing - BusinessToday

COP29 is set to go into overtime, with NGOs calling a new international climate finance target proposal of $250bn from wealthy nations “completely inadequate”.

COP29: Wealthy nations propose ‘completely inadequate’ $250bn climate finance goal - edie

Wealthy countries need to double the amount of public money being used to help poorer nations cope with a warming world, say experts. But will they do it? And how much has current financing helped already?

Is climate finance reaching the most vulnerable?

Wealthy countries face a stark choice — pay poorer ones to help them decarbonize now or face escalating climate damages at home. Wealthy countries face a stark choice — pay poorer ones to help them decarbonize now or face escalating climate damages at home.

Why it’s in rich nations’ interests to fund climate finance

This list comprises the world&#x27;s largest companies by consolidated revenue, according to the Fortune Global 500 2023 rankings and other sources. American retail corporation Walmart has been the world&#x27;s largest company by revenue since 2014.

List of largest companies by revenue - Wikipedia

What is the richest company in the world? If you think tech companies dominate the list you thought wrong. Good ol’ Walmart tops the list with a value more than twice of Apple’s, the richest company to come out of Silicon Valley. Here’s an updated 2019 list of the richest companies in ...

Top 10 Richest Companies in the World in 2024 by Revenue - ...

Global Finance ranks the ten largest companies in the world by market capitalization.

Largest Companies In The World

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

Fortune Global 500 2022 | Full list of rankings

Similar Cos.Scalable Capital, Stash, Wealthsimple, Wealthfront, Nutmeg &amp; 354 others Disclaimer: Total Funding = Total Disclosed Equity Funding (Pre-exit) Let us walk you through our Companies Database and other offerings

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Real World Asset (RWA) tokenization may well be the most powerful force in terms of the ongoing financial revolution, with the potential to become a . It allows a large asset (such as a real estate property) to be broken up into smaller components for sale. trillion-dollar industry This increases market liquidity and allows less wealthy individuals to be able to make a purchase. It also provides more creative and potentially lucrative earning opportunities. For instance, an individual could be able to invest in a tokenized share of a larger multi-family housing unit, taking a proportional share of the profits. Given an ongoing (it’s nearly impossible for first-timers to purchase a home in the modern era), a volatile macro-economic climate, and a between the rich and poor, RWA tokenization is perfectly poised to grow in prominence and alleviate many existing problems within the wider economy. global housing crisis growing divide A Closer Look At RWA Tokenization RWA stands for anything that has a physical quality. This includes motor vehicles, gold, silver, art, medical devices, electronic devices, etc. Yet it also includes certain non-tangible items such as financial instruments (stocks, bonds), patents, and intellectual property. “Tokenization is the largest transformation of finance and markets in over 50 years. Traditional asset tokenization may reach $16tn+, over the next 5-15 yrs.” Source: Simon Taylor, Twitter. The main theme is that it allows for increased market access at a low cost. A real estate property that costs $10 million can be broken up into 10 million shares, with a minimum entry of perhaps $10 (or even lower). This means that the market is now available to practically everybody, instead of a small few investors. It’s also possible to have tokens backed by real-world assets. This is already the case with stablecoins, but it would be interesting to see real estate-backed coins, gold-backed coins, etc. Main Benefits Of Tokenization Tokenization has a myriad of benefits to assist with global financial inclusion. The main ones are: Liquidity - Tokenization itself promotes increased liquidity. The tokens are easy to trade and are easier to place on the market and exchange. Fractional Ownership - Investors can own small tokenized shares of a larger item. This increases financial access and investment opportunities, with a lower entry point. Transaction Efficiency - Blockchain is known for its efficiency. Assets can be exchanged at a low cost, at speed, with instant settlement. Proof Of Ownership - Immutable NFTs mean that there is little doubt about who owns an asset. The main hurdle with tokenization is compliance with traditional frameworks. Compliance hurdles can be difficult to surmount, in terms of reconciling much slower systems with modern blockchain databases. Crypto OGs & Tokenization The big names in crypto are likely to be very enamored with the idea of RWA tokenization. Originally, cryptocurrencies were designed as a means of increased financial inclusion, but this was done specifically from the point of view of financial payment methods and non-inflatable cryptocurrencies. It is now much more expansive through tokenization, which can help to democratize all markets - energy, commodities, real estate, technology, finance, etc. Real estate is perhaps the most interesting of all the applications for RWA tokenization. It’s one of the largest markets and it's one that is deeply tied to financial inclusion, given the ongoing housing crisis. And we have seen significant progress in this sector, compared to others. “The next generation for markets, the next generation for securities, will be tokenization of securities.” Source: Larry Fink, BlackRock CEO Propy, for instance, was one of the first RWA tokenization projects to in the US as an NFT. has a fully-fledged ecosystem for buyers, sellers, and agents. This means that both sides of the equation are satisfied - the speed, security, and convenience of a blockchain-based property transfer, as well as the compliance with existing rules and regulations. sell house The ecosystem caters to crypto, NFT, and traditional payment transfers, offering the world’s first title and escrow service. It’s also possible to mint property addresses as NFTs using PropyKeys, Propy’s ecosystem dapp. This means that individuals can mint their property as an NFT and list it themselves, empowering homeowners in a big way, and streamlining much of the red tape that has traditionally come with property transfers. What is especially promising is the fact that many large financial institutions and political figures that were once staunchly against cryptocurrencies seem to be warming to RWA tokenization. This includes , Goldman Sachs, and KKR. J.P. Morgan Conclusion 2024 will likely be a big year in RWA tokenization. In time, assets such as paintings, cars,  precious metals, and fine wines will be traded on-chain. It’s already happened to a large degree, with many large-scale property transfers having taken place over a distributed ledger - it just has to be rolled out to the public at scale through trusted providers. Ultimately RWA tokenization could herald a Golden Age in financial equality, helping to deal with existing issues within the broader economy.

Could RWA Tokenization Lower the Gap Between the Wealthy and the Poor?

The creative domain has always been a playground for the wealthy and elites. It is not only filled with corruption and scandal; it is exclusionary to both artists and buyers who lack the “prestige” to be accepted into the space. To quote Les Borsai, Co-Founder and Chief Strategy Officer at Wave Financial, “[when] You take a look at the art world, an artist gives up half of what he earns to a gallery in a lot of cases, and collectors at that gallery, or the gallery itself, become the market makers. They’re paying for the art and setting the prices.” Establishing proof of ownership presents a challenge. Provenance documents like gallery receipts or signed authenticity statements can be falsified. Many do not even realize what qualifies as an actual provenance document or take advantage of regulation laxity for malicious purposes. Artists have long lamented how easy it is for their works to quickly change hands using large sums of money, with no benefit to their creator. Most art is sold anonymously, for cash, leaving no trace for the artist to follow if they tried. The DeFi movement saw this problem and has created a solution: NFTs. NFTs are tokens that hold unique digital identifiers like cryptocurrency and exist on a blockchain. When you purchase an NFT, you are the official owner of a distinctive asset. They offer flashy features like allowing the artist to “sign” their name in the metadata, or code in royalties to be paid to the original artist every time the token is traded or sold. The transparency is written into the code also allows the original artist to track each piece they create. This kind of transparency and security has never existed for artists or collectors. The great thing about NFT marketplaces is that they were created to benefit artists, not the art dealers. Borsai adds, “Very few assets can be created that an artist can own outright, and this is one of them. If an artist decides he wants to create art and put it out there in the form of an NFT, he or she gets to keep that money… If we can create markets around local artists and accelerate that community and that economy, and artists can make more money, I think that’s a good thing.” [in a recent Cryptonized! Interview] Some may wonder what makes an NFT special if it can be copied and pasted online. According to Les Borsai, “When you talk about a print of a print of a print, that really isn’t anything different than what traditional markets are. I have sets of prints that are authentic prints from the artist; yet the access point for other people who may enjoy the art may be a bit too high in terms of price. So there’s licensed versions of these prints that sell for less money, because they’re not a part of the series. If I have an original painting, there’s nothing stopping anyone from taking a picture in the real world of that painting and showing people. The concept of value is in my wallet. You can’t take that value away.” It can easily cost an artist $200-$1000 an hour, with three to four-hour minimums, to rent gallery space. In addition to charging to rent the space, galleries usually charge 50% commission on art sold, creating financially demanding overhead with little hope of making a profit. NFT marketplaces are exploding in worth, having grown to over two billion dollars in the first quarter of 2021, benefiting artists and collectors alike. Anyone with a computer and an internet connection can browse NFT marketplaces and find art that fits their interests and style. Mainstream artists like Grimes and Phillip Colbert are joining the movement, creating their own NFTs. Damien Hirst has even started his own “Currency Project,” which gives the buyer the choice of a high-resolution digital photograph of the painting or the physical copy itself. This new piece of the DeFi movement gives artists and buyers freedom never before afforded to them, and there are no limits to where it can go.

NFTs Challenge The Art Industry's Dominance By The Wealthy Elites

For a long time, crypto enthusiasts around the world have touted Bitcoin and other cryptocurrencies as a safe haven for investors in times of economic trouble. The problem with that assertion, of course, is that Bitcoin (the granddaddy of cryptocurrencies) was created in part as a reaction to the 2008 global financial crisis. Since then, cryptocurrencies haven't had to ride out any form of protracted economic trouble. In other words, the safe heaven designation was theoretical at best. Then came the coronavirus (COVID-19) pandemic. The spreading disease and the economic fallout it is creating sent shockwaves through economic markets all around the globe. It is, in effect, a trial by fire for Bitcoin and other cryptocurrencies, which are now going through an economic contraction that's even more severe than the one that prompted their creation in the first place. So, the question now is: how's the market responding? The answer, as you might expect, is complex. Here's a look at what's been going on and what conclusions we can draw from the data. An Initial Crash Photo: Rymden/Adobe Stock For crypto investors, the early days of the global pandemic weren't very kind to their wallets. According to data provided by the major , what happened in early March was nothing short of a financial debacle. In a span of two days, Bitcoin . cryptocurrency exchanges lost around 50% of its value The other major cryptocurrencies posted similar losses. Over the same span, the major stock markets posted losses that were around 10%. Now, a single data point doesn't establish a pattern, but it's clear which investors took the biggest beating as the coronavirus effect began to batter markets. A Sharp Recovery Photo: peshkov / Adobe Stock At the time of this writing, however, the situation appears to have changed. Right now, Bitcoin and the other major cryptocurrencies have more than recovered from their big selloff, trading at levels that the market hadn't seen since mid-February. By contrast, the stock market has only managed to recover over the same span. That kind of booming recovery, some argue, is the exact reason why cryptocurrencies are so promising as safe-haven assets. about 30% of its losses The very volatility that makes them difficult for investors to manage also allows them to respond more quickly to changing economic conditions – both positive and negative. So, What Exactly is Happening? Photo: Blue Planet Studio / Adobe Stock It would be tempting to look at the raw market data and conclude that the better bet (so far) for investors to protect their savings in this particular crisis has been cryptocurrencies. The trouble is, a closer look at what's going on reveals that not all crypto investors are created equal. An analysis of the crypto market activity during the selloff and the recovery indicates that it was small investors who rushed to cash in their crypto-assets as the pandemic took hold. It is those small-time investors who likely decided that they were going to need to stockpile some cash to cover their living expenses as employers everywhere shut their doors. The result was that over the past two months, there's been a by so-called whales – or investors with billions of dollars in crypto-assets. marked increase in crypto ownership So, as the market was tanking, big buyers moved in to buy low from nervous small-timers who feared for the economic damage to come. In other words, the rich got richer as the crypto prices recovered – and the gains of the recovery didn't end up in the same pockets that the losses came from. The Bottom Line Photo: EddieCloud / Adobe Stock Now, some analysts will be quick to point out that big investors always tend to benefit in situations like the one that seems to have just happened in the crypto markets. That's true, to a certain extent. The difference is, while report owning stock of one kind or another, only own any Bitcoin. Also, the stock market's biggest investors are hundreds of unrelated large institutions, while the vast majority of Bitcoin is . around 55% of Americans a scant 6.2% held by just 111 wallet addresses That means big stock investors don't have the same market-swaying power that big crypto investors do. In this case, that would seem to suggest that the vast majority of small crypto investors have lost a huge amount of their investment value in the past two months, while the big guys have cleaned up. While that's very good news for a select few very wealthy individuals, it's downright depressing for everyone else. And it doesn't sound like much of a safe haven asset for the average investor after all, does it?

Is Crypto a Safe-Haven? It is if You're Very Wealthy

There are only 2 ways to become rich: Make more. Spend less. I am 28 years old, and I notice the vast majority of society (but specifically starting with 20-somethings) nurtures is the habit of to . one habit in particular making more spend more As my father would say, “Expenses rise to meet income.” Here’s a typical 20-something scenario, fresh out of college: Graduate and immediately try to land the highest paying job possible, or the one with the most immediate upward mobility (forget any sort of investing in a lower paying position in order to things for a longer term payoff). learn Receive first promotion within a year, immediately upgrade apartment. Receive second promotion year 2, buy a sports car. Receive third (big) promotion year 3, buy a ring you can’t really afford for that “special someone,” maybe even throw down a mortgage on a house. No more promotions for a while. Salary ceiling becomes fixed. Meanwhile, habit for spending has already been established. Etc. for the rest of life. This is an (intentionally) overly simplified example, but unfortunately it’s fairly spot on. for working-age families is around $95,000. The average savings amount Total. In their entire lifetime. And actually, that’s not an entirely accurate estimate, since , most families have — and the ones that do have somewhere around $5,000. if you look at the data for the middle class (largest class) $0 savings What does that tell you about our society? We work harder to — to . make more spend more How you become rich when you’re young is the same way you become rich when you’re older. You make more, but spend . less A long time ago, I read this story about a banker who was explaining what living on a $500,000 / yr salary was like. He had a big house, two sports cars, took quarterly vacations around the world. It sounded like he was living the dream. “But if I lose my job,” he admitted in the story, “I’d lose all of that.” He was making $500,000 / yr, and he was also spending close to $500,000 / yr. By definition, he was not rich. Actually, he was quite poor — no savings to call his own. The older I get, the more I realize people’s definition of “wealth” is wrong. Making money is easy. Once you learn how value is exchanged, bringing in money isn’t the challenging part. The challenge comes in making more than you’re used to, but continuing to live as you are. Continuing to keep your overhead lean. Continuing to practice good money habits. Continuing to put money into investment vehicles.Continuing to live as if nothing has really changed about your income status — except for how much money you’re able to save. management Most people fail with this. The majority, actually. Your question shouldn’t be, “How do I become rich?” Your question should be, “How can I spend less — so that I can save more?” A lot of people can solve for the part. In a capitalist society, it’s not rocket science. making money But not very many people master the second part, which is the saving. I encourage you to prioritize working on that habit, first and foremost. If you’re remotely ambitious, you’ll find a way to start making some good money. But the moment you take your eye off the ball and get too comfortable with what you’re making, you’ll stop practicing what’s most important. Another quotable from my father: “It’s not about how much you make. It’s about how much you save.” Thanks for reading! :)

The 1 Dangerous Habit That Keeps Most People From Ever Becoming Truly Wealthy:

Are you an aspiring blockchain developer looking for ways to monetize your skills? Then you should take a closer look at decentralized applications (known as DApps) because, chances are, they will follow suit of mobile apps that have changed the IT industry over the past few years. Do you know how much money the mobile app industry brings each year? The DApp boom is coming? In 2017, mobile app revenue from both Google Play and the App Store was about billion, marking an increase of 35% compared to 2016. The growth rate of this industry is remarkable as both revenues and the number of apps created each year has been steadily rising ever since the mobile app boom occurred on the market. $60 The numbers are telling. Mobile apps have revolutionized the IT and gaming industry, and in the next couple of years we are likely to see a similar boom with decentralized apps. Currently, there are a bit more than 200 DApps on DappRadar, and gaming DApps are a minority among them. The number is low as the industry is still in its infancy, and there are problems such as scalability that have to be solved in order to allow more rapid development. But the existing DApps are already bringing their developers money. listed A good example is CryptoKitties. Since its launch, people have spent more than $ trading unique, digital kittens on the platform. Not bad given that the game has just around daily active users now. Imagine how much money it is going to generate when DApps become more popular. It might happen sooner than we expect as the problems such as scalability are already being tackled now. For instance, Loom Network is launching its sidechain solution that will allow to build scalable and secure Ethereum-based DApps. Looking at the revenues that mobile apps currently bring in might give you a hint about how profitable DApp development is likely to become in the next couple of years. For example, developers of “Clash of Clans” more than a million dollars of revenue a day! 23 million 1,000 get It’s logical to assume that when the DApp industry gets more developed with more DApps coming in and attracting more users, the leading dapps will be bringing their creators similar amounts of money, quite possibly even more. If you want to join the future DApp boom, you’d better start early and begin your career as a DApp developer today while the industry is still in its infancy and you have plenty of opportunities to experiment. Major DApp platforms For mobile apps, the two major platforms are iOS with its AppStore and Android with its Google Play Store. You’ve surely heard about them by now. Similarly, there are platforms like this for DApps. These ones are just emerging as the industry is in its infancy, but if you want to know more about DApp-related opportunities, you should definitely learn about the major platforms. Ethereum Right now, it is the most popular platform for DApps. There are just over 200 Ethereum-based DApps listed on DappRadar right now. The number is very small compared to mobile apps, but the platform is expanding rapidly with new DApps being added every day. Back in 2010 there were only a couple of thousands apps available on the Google Play and App Store, but over the coming years the industry has grown tremendously, and now there are more than million apps on the Google Store alone. The same exponential growth is likely to happen with DApps, so don’t let small numbers put you off just yet. 3.5 NEO It’s arguably Ethereum’s main competitor. The on this platform is smaller than on Ethereum, but you should nevertheless keep an eye on NEO as it has a number of technical over Ethereum. NEO is using a proof-of-stake consensus mechanism while Ethereum is using proof-of-work which is more expensive and energy-heavy making Ethereum much slower than NEO. The transaction fees on Ethereum are also higher. NEO is able to handle over 10,000 transactions per second, compared to Ethereum’s 15 transactions. Besides, NEO’s smart contracts, unlike those of Ethereum, also work with fiat money, making them more user-friendly. And NEO gives dividends as holding NEO generates the gas necessary to pay for transactions. Although Ethereum is more popular than NEO with DApp developers now, the situation might change in the future. number of DApps advantages Qtum This platform is another potential Ethereum competitor when it comes to DApps. It also makes use of Ethereum-like smart contracts, but at the same time it is more secure than Ethereum and addresses the problem of scalability by using a decentralized governance protocol that allows individual blockchain parameters to be modified through a special smart contract on the blockchain without any disruption to the ecosystem. Another advantage of Qtum is its mobile-oriented approach. They have even developed their own . So the platform has a great potential for hosting mobile DApps in the future But once again, it is less popular than Ethereum right now, and so it has not received as much support yet. It only has running on Qtum. considered mobile application a few DApps Tezos This platform also has some potential to compete with Ethereum. Its major perks are to those of NEO — use of proof-of-stake instead of proof-of-work, and the ability to self-amend through the so that fundamental changes can be made to the protocol without hard-forking. The platform has not been fully launched yet, but there are already a couple of DApps being advertised on Tezos’ website. similar on-chain coordination of stakeholders Number of DApps developed by platform on March 27th, 2018: As you can see, there are a lot of things going on with DApps right now — not only are new DApps constantly emerging, but new platforms for them are being created as well. So far, Ethereum is the most popular one, and it’s worth it to start your journey as a developer from this platform. First, there is more external support and learning resources available for Ethereum than on other platforms. Second, even if some other platform in the future will overcome Ethereum, your experience will allow you to smoothly transition to that new platform. Finally, Ethereum-based DApps are simply more profitable currently. How much money are popular DApps earning now? To give you a clue about how much money you can potentially earn with an Ethereum DApp now, we looked at the three most popular DApps in terms of active daily visitors: ForkDelta (about 2,700 users), IDEX (2,500 users), and Cryptokitties (about 1,000). ForkDelta It’s a decentralized exchange platform that was forked from the EtherDelta exchange in January 2018 after the latter one had been sold to new owners who tried to introduce new rules that put off the community. Currently, ForkDelta is the most popular DApp according to , with around 2,700 active daily users, 30,525 ETH in total user balance, and around 2,000 ETH traded through it every day. The project is community-driven, and unfortunately its owners are currently not earning anything as the transaction fees still go to EtherDelta. They accept donations to support the project’s development. DappRadar IDEX It’s another decentralized exchange platform. It has about 2,500 active daily users and on average 15,000 per day worth about 6,000 ETH (about 3 million USD as of now). IDEX 0.02% per transaction from market makers (those who place the orders) and 0.01% for market takers (those who find existing orders and fill them). If we assume that IDEX gets 0.03% per transaction, it would mean that on average its owners get about $90,000 per day in transaction fees. transactions charges CryptoKitties It’s the most popular gaming DApp where users can buy and breed digital kittens. Each crypto kitty is unique and new ones are released every 15 minutes. A user can a new kitty, and the money for the kitty goes to the developers of the DApp. One can also trade kitties with other users or breed new ones if a user has two cats, or has one and rents another one from a different user. Then the developers receive from each transaction. Since the game was launched in December 2017, people have spent more than million on kitties, meaning that the developers have received more than $825,000 since then. buy 3.75% $22 What makes DApps even more profitable is that one has to cover just the development costs. The DApp owners don’t have to pay for hosting servers, and the DApps are based on the decentralized Ethereum blockchain infrastructure, so the numbers mentioned above are very close to the actual profit numbers. What does it take to launch a successful DApp As you can see, DApps can be highly profitable though the industry is in the initial stage of development now. You might be wondering what it takes to make a successful DApp. The CryptoKitties’ story is the perfect illustration to answer that very question. CryptoKitties was launched by a team at , a Vancouver-based venture studio. They have more than 80 employees who develop cutting-edge tech products in various areas, ranging from mobile app development to VR and blockchain development. CryptoKitties was born at the largest Ethereum hackathon, ETH Waterloo, in October 2017. That’s when the alpha version of the game was launched. A team of four employees from AxiomZen in the hackathon. They came prepared, wearing rainbow-colored T-shirts with cute kittens pictured on them. AxiomZen participated The people behind CryptoKitties have a lot of experience in development. One of its co-founders, , is a chief technical architect at Axiom Zen. He is a cryptocurrency enthusiast having mined his first Bitcoin back in 2010. Dieter’s affinity for new technologies might be explained by the fact that he is a veteran of the dot com boom. He knows how new technologies can emerge and change the world quite quickly. Another person involved in CryptoKitties is . He studied computer science in Brazil and launched his first video game making startup when he was still in college. Fabiano is a blockchain enthusiast interested in bridging the gap between the web and the blockchain. And last but not least, , a full stack engineer at Axiom Zen, is working on CryptoKitties now. He comes from Trinidad and received his BA degree in Mechanical Engineering from McGill University in Canada. Dieter Shirley Fabiano Soriani Nick Salloum As you can see, the people behind the world’s most successful blockchain-based game have very different backgrounds. Still, they are similar in having excellent development expertise and the willingness to create new products and explore new technologies. This open-mindedness and professional excellence are necessary to anyone who wants to become successful with the blockchain. But where do you start your professional development in this sphere? How to start developing DApps on Ethereum If you are interested in starting a career as a DApp developer, you should definitely look into . It’s an educational web application that teaches you how to create your own CryptoKitties-like DApp, and it’s suitable for complete beginners. You will learn how to write smart contracts with Solidity, how to create digital zombies with it, then make an army of zombies and even make them fight each other. They also have a where you can talk to fellow aspiring developers and receive helpful feedback if you have problems grasping some of the concepts while learning. CryptoZombies Telegram chat Keep in mind that Loom Network, the creators of CryptoZombies, are a special sidechain for the app. They are developing a sidechain platform for DApps that will allow new DApps to be easily scalable and at the same time connected to the Ethereum’s main blockchain. Loom Network has recently launched , a Q&A service with its own sidechain, and now it’s CryptoZombies’ turn. Basically, they are doing it to illustrate that the sidechain solution is good for different kinds of services. They are planning to launch Battleground, a DApp game also based on a sidechain. So as you can see, Loom Network is expanding rapidly and they are likely to become a major platform for DApps in the coming years due to their successful scaling solution, which truly is a game changer. So it’s better to get involved with them early, and CryptoZombies is a perfect start for that. launching DelegateCall Take note that if you complete the CryptoZombies tutorials before April 6th, you will get for your hard work including Loom tokens, DelegateCall Tokens, and card packs on Battleground. rewards As you can see, building DApps can be highly profitable. And to start doing it you just need to get the relevant development skills which is not that difficult with the abundance of educational resources out there. If you want to go deeper into blockchain development, you might find these in the industry useful, as well as these . Who knows, maybe sooner or later you’ll make a game-changing DApp that will make you rich. It’s worth giving it a try. pieces of advice from experts top 10 courses for blockchain developers Originally published at howtotoken.com on March 27, 2018. About the author: — Founder of Geekforge.io and Howtotoken.com. Interviewing the top 10,000 worldwide experts who reveal the biggest issues on the way to technological singularity. Join my . Kirill Shilov #10kqachallenge: GeekForge Formula

How to Become Wealthy Developing Ethereum Games

The Nirvana protocol has one mission: to produce a truly resilient store of value. One that holds its worth regardless of market cycles, evolves without central planning, and scales indefinitely. Without these three legs to the stool, an asset’s value will only ever be temporary. Nirvana builds on the open and algorithmic nature of decentralized finance to create an entirely new class of asset that meets the promise of this new paradigm we call “DeFi”. In a word: Nirvana’s store of value – ANA – could very well be the most “cryptonative” of all assets on offer. It takes the principles of crypto and blockchain seriously – almost fanatically – and encodes them into its DNA. It is not controversial to note that crypto (and especially DeFi) has been going through a rough, prolonged puberty. The sector has been stuck in the awkward phase of being half “decentralized” and half “traditional”, half “democratic” while half manipulated by cabals of ultra-wealthy insiders. The goal was trustless, open, algorithmic systems, but the reality has been a messy blend of old-fashioned problems with new-fashioned aspirations. Crypto caught on because it promised to create an asset that is resilient, decentralized, and scalable. Nirvana’s purpose is to bring this vision finally to reality. Let’s take these three pillars one at a time. 1. Resilient Value The hope for Bitcoin is that it becomes “digital gold” – that is, a “safe haven” asset that holds its value with a rock-hard grip. So far, this remains just hope. The annualized volatility of Bitcoin has been 4-9 times greater than gold’s, and it is anyone’s guess where the roller coaster goes next. The problem is not Bitcoin’s fault. It is that Bitcoin’s technology is not of the same ilk as its market. Its ledger is famously tamper-resistant, but its market is only human, and sometimes, humans decide to rotate out liquidity. This fact will never change. Bitcoin’s price has nothing to do with blockchain technology, and the value that Bitcoin stores has much to do with the convictions of Michael Saylor and Blackrock. We should go one step further with digital assets. Nirvana’s key insight is: make the market algorithmic too. If the liquidity for the asset is deterministic, and the humans are left out of the equation, then we can guarantee value for a token with the same mathematical precision that we guarantee its supply. Yes, Bitcoin guarantees that the supply will stop at 21 million – but what if it could guarantee that its price will never go below, say, $70k? Nirvana does. Nirvana’s ANA token has a hard floor price, guaranteed at the protocol level. This price cannot be breached because the mathematical rules of the Nirvana market ensure that every ANA token in supply can be sold back to the protocol at this floor price. But why stop there? The floor price for ANA also rises. It rises automatically with demand for ANA and follows the price of ANA upward. Every time the floor ratchets up, the intrinsic value of ANA gets locked in forever. The more expensive ANA becomes, the higher the floor price becomes, and the greater amount of value gets permanently stored in each token. We can do better than “digital gold”. After all, the price of physical gold has no bottom. When we make the market and liquidity itself algorithmic, we have an entirely new kind of asset that has truly guaranteed value. The price of ANA may go up and down, but it can only go down so far as its current floor allows. 2. Democratic Participation One remarkable goal of crypto protocols is to be everlasting. They should continue to live long, healthy lives even if the founder disappears. After all, they are just code. But the original creator is not infallible, and protocols need to adapt after inception to survive. It is not viable to freeze the code once, and never touch it again. The truth is that all major DeFi teams make changes to their programs, big and small, all the time. The founders must operate their business as businesspeople would, and it is an open secret that a great many attempts at decentralized governance turn out to be theater in practice. There is another path. Nirvana’s governance is simple, deterministic, and mechanical – just like its market. The first and most important step in liberating governance from central authority is zero “team allocation” of governance power. With Nirvana, everyone is on equal footing on Day 1. There are no governance tokens held back in insider wallets, put on vesting schedules, or pre-sold in dark OTC markets. Remember: when a team “airdrops” its governance token, but keeps 80% of the supply in reserve for its own stewardship, this is oligarchy, not democracy. The second step is to embed the governance process in the automated, immutable code of the contract. The code itself is like a Constitution document for the protocol – it sets the rules for how governance functions and makes affects on the program. All that can happen is users participate in governance according to those indelible rules. The method for governing Nirvana is simple. Every mutable parameter of the protocol is a number, and this number can be nudged in one direction or the other every week, according to a programmatic ballot. This elegant system gives full control over the token holders to steer the protocol gradually, without the need for any central committee with admin access. Nirvana gives control of the protocol to the rational, economic incentives of its participants. And by doing so, ensures that the protocol will endure, evolve, and adapt regardless of any one human’s involvement. 3. Endless Scale DeFi broke down barriers. All you need is a connection to the internet in order to participate. But most, if not all, crypto assets buckle under the weight of massive adoption and ultimately break. They cannot truly scale as useful stores of value for hundreds of millions of individuals simply because too much of the supply is overly concentrated among those who got in early. Concentration can be good for price, but it is bad for liquidity. The key to making an asset scalable is that it becomes more liquid as it becomes more valuable. The status quo among crypto assets is unfortunately the opposite. The common playbook for tokens is to restrain supply, and thereby reduce liquidity and increase volatility, in the hope of price appreciation. Needless to say, low liquidity cuts both ways. And the brief history of crypto markets has already experienced numerous liquidity crises where panic selling seemed like the only option. The ANA token is paradigmatically different. It scales indefinitely, meaning there is no cap on supply, but it is also never printed out of thin air. Every ANA token exists strictly because someone paid for it. And when that someone bought it, they also increased its liquidity – that is, they extended the sell depth. With this one move, Nirvana turns the presumed negative relation between supply and price on its head. The prevailing myth is that a greater supply implies a lower value, but with ANA its supply and its value are positively correlated. More ANA means more liquidity and value for ANA. There is no cap on the supply for ANA because there is no cap on the value of ANA. These two properties are combined in the mathematics of the Nirvana market. ANA will become as plentiful and valuable as its holders want, and the floor price will rise at pace. But even if the circulating supply and price explode, illiquidity is not a problem ANA will ever face since the floor price is guaranteed for all tokens. Panic selling is not rational in this system. And even if a spurt of irrational selling does occur, it will never move the price beneath its floor. There is no reason to rush to the exit. Nirvana’s store of value is one that can be held securely by everyone because the market liquidity is maintained by no one. It scales automatically with adoption. Vision: cryptonative Store of Value Crypto ignited the imagination of a generation with its dream to produce an asset that is fair, open, and, in some real sense, permanent. Nirvana embodies this ideal by infusing cryptonative principles into every aspect of the protocol, including the price and liquidity of its asset. ANA is a “pure” cryptonative store of value. The market is cryptonative, the governance is cryptonative, and the scale is unlimited. The protocol truly steers itself and the market truly makes itself because the only power that has influence over either comes from the organic, anonymous users that participate in them. The value that ANA accrues comes from genuine market demand, and the value that ANA stores is guaranteed by the protocol’s floor price. By.  Sid of Nirvana Finance About Nirvana Founded by a distributed team of DeFi veterans with deep roots in the Solana ecosystem, Nirvana is on a mission to redefine token markets and elevate the decentralized finance landscape. With the relaunch of Nirvana V2, the team reaffirms its commitment to building secure, transparent, and equitable financial systems for all. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. The Nirvana protocol has one mission: to produce a truly resilient store of value. One that holds its worth regardless of market cycles, evolves without central planning, and scales indefinitely. Without these three legs to the stool, an asset’s value will only ever be temporary. Nirvana builds on the open and algorithmic nature of decentralized finance to create an entirely new class of asset that meets the promise of this new paradigm we call “DeFi”. Nirvana Nirvana In a word: Nirvana’s store of value – ANA – could very well be the most “cryptonative” of all assets on offer. It takes the principles of crypto and blockchain seriously – almost fanatically – and encodes them into its DNA. It is not controversial to note that crypto (and especially DeFi) has been going through a rough, prolonged puberty. The sector has been stuck in the awkward phase of being half “decentralized” and half “traditional”, half “democratic” while half manipulated by cabals of ultra-wealthy insiders. The goal was trustless, open, algorithmic systems, but the reality has been a messy blend of old-fashioned problems with new-fashioned aspirations. Crypto caught on because it promised to create an asset that is resilient, decentralized, and scalable. Nirvana’s purpose is to bring this vision finally to reality. Let’s take these three pillars one at a time. 1. Resilient Value 1. Resilient Value The hope for Bitcoin is that it becomes “digital gold” – that is, a “safe haven” asset that holds its value with a rock-hard grip. So far, this remains just hope. The annualized volatility of Bitcoin has been 4-9 times greater than gold’s, and it is anyone’s guess where the roller coaster goes next. The problem is not Bitcoin’s fault. It is that Bitcoin’s technology is not of the same ilk as its market . Its ledger is famously tamper-resistant, but its market is only human, and sometimes, humans decide to rotate out liquidity. This fact will never change. Bitcoin’s price has nothing to do with blockchain technology, and the value that Bitcoin stores has much to do with the convictions of Michael Saylor and Blackrock. technology market We should go one step further with digital assets. Nirvana’s key insight is: make the market algorithmic too. If the liquidity for the asset is deterministic, and the humans are left out of the equation, then we can guarantee value for a token with the same mathematical precision that we guarantee its supply. value Yes, Bitcoin guarantees that the supply will stop at 21 million – but what if it could guarantee that its price will never go below, say, $70k? price Nirvana does. Nirvana’s ANA token has a hard floor price, guaranteed at the protocol level. This price cannot be breached because the mathematical rules of the Nirvana market ensure that every ANA token in supply can be sold back to the protocol at this floor price. But why stop there? The floor price for ANA also rises. It rises automatically with demand for ANA and follows the price of ANA upward. Every time the floor ratchets up, the intrinsic value of ANA gets locked in forever . The more expensive ANA becomes, the higher the floor price becomes, and the greater amount of value gets permanently stored in each token. forever We can do better than “digital gold”. After all, the price of physical gold has no bottom. When we make the market and liquidity itself algorithmic, we have an entirely new kind of asset that has truly guaranteed value. The price of ANA may go up and down, but it can only go down so far as its current floor allows. 2. Democratic Participation 2. Democratic Participation One remarkable goal of crypto protocols is to be everlasting . They should continue to live long, healthy lives even if the founder disappears. After all, they are just code. everlasting But the original creator is not infallible, and protocols need to adapt after inception to survive. It is not viable to freeze the code once, and never touch it again. The truth is that all major DeFi teams make changes to their programs, big and small, all the time. The founders must operate their business as businesspeople would, and it is an open secret that a great many attempts at decentralized governance turn out to be theater in practice. There is another path. Nirvana’s governance is simple, deterministic, and mechanical – just like its market. The first and most important step in liberating governance from central authority is zero “team allocation” of governance power. With Nirvana, everyone is on equal footing on Day 1. There are no governance tokens held back in insider wallets, put on vesting schedules, or pre-sold in dark OTC markets. Remember: when a team “airdrops” its governance token, but keeps 80% of the supply in reserve for its own stewardship, this is oligarchy, not democracy. The second step is to embed the governance process in the automated, immutable code of the contract. The code itself is like a Constitution document for the protocol – it sets the rules for how governance functions and makes affects on the program. All that can happen is users participate in governance according to those indelible rules. The method for governing Nirvana is simple. Every mutable parameter of the protocol is a number, and this number can be nudged in one direction or the other every week, according to a programmatic ballot. This elegant system gives full control over the token holders to steer the protocol gradually, without the need for any central committee with admin access. Nirvana gives control of the protocol to the rational, economic incentives of its participants. And by doing so, ensures that the protocol will endure, evolve, and adapt regardless of any one human’s involvement. 3. Endless Scale 3. Endless Scale DeFi broke down barriers. All you need is a connection to the internet in order to participate. But most, if not all, crypto assets buckle under the weight of massive adoption and ultimately break. They cannot truly scale as useful stores of value for hundreds of millions of individuals simply because too much of the supply is overly concentrated among those who got in early. Concentration can be good for price, but it is bad for liquidity. The key to making an asset scalable is that it becomes more liquid as it becomes more valuable. The status quo among crypto assets is unfortunately the opposite. The common playbook for tokens is to restrain supply, and thereby reduce liquidity and increase volatility, in the hope of price appreciation. Needless to say, low liquidity cuts both ways. And the brief history of crypto markets has already experienced numerous liquidity crises where panic selling seemed like the only option. The ANA token is paradigmatically different. It scales indefinitely, meaning there is no cap on supply, but it is also never printed out of thin air. Every ANA token exists strictly because someone paid for it. And when that someone bought it, they also increased its liquidity – that is, they extended the sell depth. With this one move, Nirvana turns the presumed negative relation between supply and price on its head. The prevailing myth is that a greater supply implies a lower value, but with ANA its supply and its value are positively correlated. More ANA means more liquidity and value for ANA. There is no cap on the supply for ANA because there is no cap on the value of ANA. These two properties are combined in the mathematics of the Nirvana market. ANA will become as plentiful and valuable as its holders want, and the floor price will rise at pace. But even if the circulating supply and price explode, illiquidity is not a problem ANA will ever face since the floor price is guaranteed for all tokens. Panic selling is not rational in this system. And even if a spurt of irrational selling does occur, it will never move the price beneath its floor. There is no reason to rush to the exit. Nirvana’s store of value is one that can be held securely by everyone because the market liquidity is maintained by no one. It scales automatically with adoption. Vision: cryptonative Store of Value Vision: cryptonative Store of Value Crypto ignited the imagination of a generation with its dream to produce an asset that is fair, open, and, in some real sense, permanent. Nirvana embodies this ideal by infusing cryptonative principles into every aspect of the protocol, including the price and liquidity of its asset. ANA is a “pure” cryptonative store of value. The market is cryptonative, the governance is cryptonative, and the scale is unlimited. The protocol truly steers itself and the market truly makes itself because the only power that has influence over either comes from the organic, anonymous users that participate in them. The value that ANA accrues comes from genuine market demand, and the value that ANA stores is guaranteed by the protocol’s floor price. By.  Sid of Nirvana Finance About Nirvana About Nirvana About Nirvana Founded by a distributed team of DeFi veterans with deep roots in the Solana ecosystem, Nirvana is on a mission to redefine token markets and elevate the decentralized finance landscape. With the relaunch of Nirvana V2, the team reaffirms its commitment to building secure, transparent, and equitable financial systems for all. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here . here

Introducing Nirvana V2: Here's What You Need to Know 

Nirvana V2 təqdimatı: Bilməli olduğunuz şey budur 

Presentamos Nirvana V2: esto es lo que necesitas saber

Prezante Nirvana V2: Men sa ou bezwen konnen 

Presentazione di Nirvana V2: ecco cosa devi sapere

Nirvana V2 のご紹介: 知っておくべきこと

Nirvana V2 менен тааныштыруу: Бул жерде сиз эмнени билишиңиз керек 

ແນະນຳ Nirvana V2: ນີ້ແມ່ນສິ່ງທີ່ເຈົ້າຕ້ອງຮູ້ 

Iepazīstinām ar Nirvana V2: Lūk, kas jums jāzina 

Re tsebiša Nirvana V2: Se ke Seo o Swanetšego go se Tseba 

د نیروانا V2 معرفي کول: دلته هغه څه دي چې تاسو ورته اړتیا لرئ پوه شئ 

Apresentando o Nirvana V2: Aqui está o que você precisa saber

Predstavujeme Nirvana V2: Tu je to, čo potrebujete vedieť 

Academic Piracy Is Sometimes the Only Way to Survive the Financial Exploitation of Knowledge

Академичното пиратство понякога е единственият начин да оцелеете след финансовата експлоатация на знанието

একাডেমিক পাইরেসি কখনও কখনও জ্ঞানের আর্থিক শোষণ থেকে বাঁচার একমাত্র উপায়

Akademické pirátství je někdy jediným způsobem, jak přežít finanční využívání znalostí

La piratería académica es a veces la única forma de sobrevivir a la explotación financiera del conocimiento

A tudományos kalózkodás néha az egyetlen módja annak, hogy túléljük a tudás pénzügyi kizsákmányolását

学術的著作権侵害は、知識の金銭的搾取から生き残る唯一の方法である場合がある

Piraterie Académique Ezali Tango mosusu Moyen Seul ya Kobika na Exploitation Financier ya Connaissance

ການລະເມີດທາງວິຊາການບາງຄັ້ງເປັນວິທີດຽວທີ່ຈະຢູ່ລອດຈາກການຂູດຮີດທາງດ້ານການເງິນຂອງຄວາມຮູ້

Ny piraty akademika indraindray no hany fomba hivelomana amin'ny fanararaotana ara-bola ny fahalalana

Yedzidzo Piracy Dzimwe nguva Ndiyo Nzira Yega Yekupona Nekushandiswa Kwemari Kweruzivo

Академска пиратерија је понекад једини начин да се преживи финансијска експлоатација знања

Akademik Korsanlık Bazen Bilginin Finansal Sömürüsünden Kurtulmanın Tek Yoludur

Technological progress, especially in artificial intelligence and robotics, is rapidly making human workers less essential. Companies are shifting to robots and AI because they are cheaper, more efficient, and never need breaks or benefits. In many industries, automation is replacing people entirely, and this trend is only accelerating. As machines handle more tasks better and faster than humans, the need for human labor is shrinking. This creates serious challenges: tax systems that depend on workers' incomes are breaking down, inequality is growing, and social safety nets are at risk. If this continues, we face a future where people may no longer be needed in many jobs, leaving society to figure out how to redefine work, purpose, and economic survival. According to a McKinsey study, around 45% of all workplace tasks can already be automated today. This makes automation a key strategy for reducing business costs, particularly in sectors such as manufacturing, logistics, and even knowledge-based work. These trends raise critical questions about how to adapt tax systems and income redistribution in a world where the core economic activity is increasingly driven by machines rather than humans. Why Are Robots and AI Cheaper Than Humans? Robots and AI provide businesses with significant advantages, making them far more cost-effective than human workers. First, robots have much lower operating costs. Once the initial expense of development and setup is covered, maintenance costs are minimal. They don’t need salaries, vacations, or sick days, making them an ideal long-term investment. Second, robots outperform humans in productivity and efficiency. They can operate 24/7 without fatigue or quality drops, which is a game-changer for industries like manufacturing, where automation can boost output by 40–50%. For instance, companies like Amazon already use robots in their warehouses to speed up processes and reduce costs. The greatest advantage for businesses, however, is that robots free them from social responsibilities. There’s no need for pensions, health insurance, or paid time off. On top of that, robots and AI are incredibly adaptable—new tasks can be handled through simple software updates, eliminating the need to retrain employees. This flexibility, combined with cost savings, makes automation especially attractive in competitive industries where efficiency and cost-cutting are critical. The Impact of Automation on the Economy and Taxation in the Near Future The rise of automation is set to plunge traditional tax systems into an unavoidable crisis. As human labor declines, so does the pool of taxable income, leaving government budgets increasingly strained—especially in nations like Norway, Sweden, and Denmark, where income taxes form a substantial portion of public revenue. Meanwhile, the economic gains from automation are becoming concentrated in the hands of technology owners and intellectual property holders, deepening the divide between the wealthy and everyone else. The World Economic Forum warns that without innovative approaches to taxation, this gap will only widen. Progressive taxation, once a cornerstone of income redistribution, is losing its effectiveness in a world where technology, not labor, drives wealth creation. Tax systems designed for an industrial economy can no longer address the challenges of a technology-driven one. To ensure a fairer distribution of wealth and maintain fiscal stability, societies must embrace bold, forward-thinking taxation models that align with the realities of our evolving economy. Possible Approaches to Reforming Tax Systems One potential solution to address the challenges of automation is to introduce a tax on robots. Bill Gates has suggested that companies adopting automation should pay a tax equivalent to the income taxes of the workers they replace. The revenue from this tax could support social programs or fund worker retraining. However, this idea remains controversial, as it could slow the pace of innovation—a prospect that, as a technological optimist, I find concerning. A more balanced alternative might involve hybrid models that combine a robot tax with other forms of taxation. Another promising avenue is taxing data and the digital economy. Companies like Google and Meta generate enormous profits from user-generated data, yet contribute disproportionately little to public revenue. The European Union is already exploring the introduction of a digital tax to address the economic disparities created by these tech giants' dominance. Sam Altman, CEO of OpenAI, has proposed shifting from taxing labor to taxing capital in the context of the digital economy. This could include taxes on profits generated by automation or on capital investments tied to AI. Such measures could help redistribute the wealth created by technology and fund essential social programs. A further transformative approach is the implementation of Universal Basic Income (UBI), which provides regular, unconditional payments to all citizens. Trials in Finland and other countries have shown that UBI can reduce poverty, encourage entrepreneurship, and enhance overall quality of life. This concept could serve as a safety net in an economy where machines increasingly replace human labor. As AI and robotics continue to make automation more economically advantageous than human labor, the economic landscape is undergoing a profound transformation. Traditional taxation systems, particularly progressive income taxes, are becoming outdated in an era where wealth is generated more by machines and software than by people. These systems are no longer sufficient to sustain social equity or maintain government budgets. The future of taxation must align with the realities of an automated economy. Solutions like taxing robots, data, and capital, along with introducing Universal Basic Income, offer a roadmap to adapt. Such measures can help offset the decline in traditional tax revenues, reduce economic inequality, and ensure economic stability. Governments must act now to modernize their tax systems and prepare for the profound changes brought about by the age of automation. Technological progress, especially in artificial intelligence and robotics, is rapidly making human workers less essential. Companies are shifting to robots and AI because they are cheaper, more efficient, and never need breaks or benefits. In many industries, automation is replacing people entirely, and this trend is only accelerating. As machines handle more tasks better and faster than humans, the need for human labor is shrinking. This creates serious challenges: tax systems that depend on workers' incomes are breaking down, inequality is growing, and social safety nets are at risk. If this continues, we face a future where people may no longer be needed in many jobs, leaving society to figure out how to redefine work, purpose, and economic survival. According to a McKinsey study , around 45% of all workplace tasks can already be automated today. This makes automation a key strategy for reducing business costs, particularly in sectors such as manufacturing, logistics, and even knowledge-based work. These trends raise critical questions about how to adapt tax systems and income redistribution in a world where the core economic activity is increasingly driven by machines rather than humans. McKinsey study McKinsey study Why Are Robots and AI Cheaper Than Humans? Robots and AI provide businesses with significant advantages, making them far more cost-effective than human workers. First, robots have much lower operating costs. Once the initial expense of development and setup is covered, maintenance costs are minimal. They don’t need salaries, vacations, or sick days, making them an ideal long-term investment. Second, robots outperform humans in productivity and efficiency. They can operate 24/7 without fatigue or quality drops, which is a game-changer for industries like manufacturing, where automation can boost output by 40–50% . For instance, companies like Amazon already use robots in their warehouses to speed up processes and reduce costs. can boost output by 40–50% can boost output by 40–50% Amazon already use robots Amazon already use robots The greatest advantage for businesses, however, is that robots free them from social responsibilities. There’s no need for pensions, health insurance, or paid time off. On top of that, robots and AI are incredibly adaptable—new tasks can be handled through simple software updates, eliminating the need to retrain employees. This flexibility, combined with cost savings, makes automation especially attractive in competitive industries where efficiency and cost-cutting are critical. The Impact of Automation on the Economy and Taxation in the Near Future The rise of automation is set to plunge traditional tax systems into an unavoidable crisis. As human labor declines, so does the pool of taxable income, leaving government budgets increasingly strained—especially in nations like Norway, Sweden, and Denmark, where income taxes form a substantial portion of public revenue. Meanwhile, the economic gains from automation are becoming concentrated in the hands of technology owners and intellectual property holders, deepening the divide between the wealthy and everyone else. The World Economic Forum warns that without innovative approaches to taxation, this gap will only widen. The World Economic Forum warns The World Economic Forum warns Progressive taxation, once a cornerstone of income redistribution, is losing its effectiveness in a world where technology, not labor, drives wealth creation. Tax systems designed for an industrial economy can no longer address the challenges of a technology-driven one. To ensure a fairer distribution of wealth and maintain fiscal stability, societies must embrace bold, forward-thinking taxation models that align with the realities of our evolving economy. Possible Approaches to Reforming Tax Systems One potential solution to address the challenges of automation is to introduce a tax on robots. Bill Gates has suggested that companies adopting automation should pay a tax equivalent to the income taxes of the workers they replace. The revenue from this tax could support social programs or fund worker retraining. However, this idea remains controversial, as it could slow the pace of innovation—a prospect that, as a technological optimist, I find concerning. A more balanced alternative might involve hybrid models that combine a robot tax with other forms of taxation. Bill Gates has suggested Bill Gates has suggested Another promising avenue is taxing data and the digital economy. Companies like Google and Meta generate enormous profits from user-generated data, yet contribute disproportionately little to public revenue. The European Union is already exploring the introduction of a digital tax to address the economic disparities created by these tech giants' dominance. introduction of a digital tax introduction of a digital tax Sam Altman, CEO of OpenAI, has proposed shifting from taxing labor to taxing capital in the context of the digital economy. This could include taxes on profits generated by automation or on capital investments tied to AI. Such measures could help redistribute the wealth created by technology and fund essential social programs. has proposed has proposed A further transformative approach is the implementation of Universal Basic Income (UBI), which provides regular, unconditional payments to all citizens. Trials in Finland and other countries have shown that UBI can reduce poverty, encourage entrepreneurship, and enhance overall quality of life. This concept could serve as a safety net in an economy where machines increasingly replace human labor. Trials in Finland Trials in Finland As AI and robotics continue to make automation more economically advantageous than human labor, the economic landscape is undergoing a profound transformation. Traditional taxation systems, particularly progressive income taxes, are becoming outdated in an era where wealth is generated more by machines and software than by people. These systems are no longer sufficient to sustain social equity or maintain government budgets. The future of taxation must align with the realities of an automated economy. Solutions like taxing robots, data, and capital, along with introducing Universal Basic Income, offer a roadmap to adapt. Such measures can help offset the decline in traditional tax revenues, reduce economic inequality, and ensure economic stability. Governments must act now to modernize their tax systems and prepare for the profound changes brought about by the age of automation.

Experts Aren't Discussing Nearly Enough the Tax Implications of Replacing Workers With AI 

ባለሙያዎች ሠራተኞችን በአይአይ መተካት የሚያስከትለውን የግብር አንድምታ በበቂ ሁኔታ እየተወያዩ አይደሉም። 

Mütəxəssislər işçilərin süni intellektlə əvəzlənməsinin vergi təsirlərini demək olar ki, kifayət qədər müzakirə etmirlər 

Los expertos no discuten lo suficiente las implicaciones fiscales de reemplazar trabajadores por IA

Adituek ez dute ia nahikoa eztabaidatzen langileak AIrekin ordezkatzearen zerga-ondorioez 

Les experts n’abordent pas suffisamment les implications fiscales du remplacement des travailleurs par l’IA

विशेषज्ञ कर्मचारियों को एआई से बदलने के कर निहितार्थों पर पर्याप्त चर्चा नहीं कर रहे हैं

専門家は労働者をAIに置き換えることによる税務上の影響について十分に議論していない

विशेषज्ञहरूले एआईको साथ कामदारहरू प्रतिस्थापन गर्ने कर प्रभावहरू लगभग पर्याप्त छलफल गरिरहेका छैनन् 

Ditsebi Ga di Boledišane Mo e nyakilego go ba ka mo go lekanego ka Ditlamorago tša Motšhelo tša go Tšeela Bašomi Legato ka AI 

Стручњаци не разговарају ни изблиза довољно о пореским импликацијама замене радника вештачком интелигенцијом 

Halos Hindi Sapat na Tinatalakay ng mga Eksperto ang mga Implikasyon sa Buwis ng Pagpapalit sa mga Manggagawa ng AI 

Uzmanlar, İşçilerin Yapay Zeka ile Değiştirilmesinin Vergisel Etkilerini Yeterince Tartışmıyor

The anticipated return of OpenBazaar, an open-source e-commerce client designed for Bitcoin, has been eagerly awaited. The forthcoming OpenBazaar 3.0 is expected to embody the ideals of decentralization, appealing to both cyberpunk enthusiasts and Bitcoin maximalists. OpenBazaar aims to achieve what Bisq has sought to accomplish in the realm of exchanges, promoting the concept of open peering for e-commerce. This technology, which gained traction among Bitcoin advocates following the infamous Silk Road, is rooted in open-source principles.Open peering is facilitated through the Tor network, enabling transactions to be conducted via Bitcoin, allowing users to engage in peer-to-peer exchanges without reliance on a centralized banking system. OpenBazaar presents a versatile platform that can be applied to various use cases, including localized bike or car-sharing services, local barter exchanges, and anonymized or pseudonymous e-delivery systems.A common misconception is that open peering can't be scaled both horizontally and vertically, at local and global levels. For instance, the decentralized-internet SDK exemplifies this potential. The ultimate objective is for developers to integrate this SDK into applications, ensuring that users who download the application are in close proximity to one another. This could lead to the creation of a widely adopted application that forms a decentralized grid, aligning with the principles of grid computing. What is very telling, is that distributed data sharding is similar to what proof of work was supposed to be as opposed to what proof of work has become. Bitcoin for example, should be utilizing Proof of Verifiable Computing or Proof of Computation as opposed to the Hashcash algorithm. This was the whole point for my Hackernoon article on the Bitcoin Efficient proposal. Bitcoin's objective was to establish a decentralized, peer-to-peer electronic cash system. However, large mining corporations such as Bitmain, financial entities like Gemini and Microstrategy, technology firms such as Nvidia and AMD, along with nations like China, have significantly benefited from consolidating their power within the market. Bitcoin represents a groundbreaking technology designed to be open source and to promote individual freedom. Nevertheless, it has inadvertently fostered a market where the ultra-wealthy maintain significant control, allowing a select group of mining operations, corporations, and individuals to dominate block production, transaction processing, and governance. This situation has not transformed finance in the same manner that BOINC revolutionized the computing sector, which is a notable shortcoming. Conversely, software such as OpenBazaar seeks to leverage Bitcoin within a transactional framework built on Tor and a decentralized data architecture. This software is also open source. I have forked OpenBazaar; will you consider doing the same? The anticipated return of OpenBazaar, an open-source e-commerce client designed for Bitcoin, has been eagerly awaited. The forthcoming OpenBazaar 3.0 is expected to embody the ideals of decentralization, appealing to both cyberpunk enthusiasts and Bitcoin maximalists. OpenBazaar aims to achieve what Bisq has sought to accomplish in the realm of exchanges, promoting the concept of open peering for e-commerce. This technology, which gained traction among Bitcoin advocates following the infamous Silk Road, is rooted in open-source principles. Open peering is facilitated through the Tor network, enabling transactions to be conducted via Bitcoin, allowing users to engage in peer-to-peer exchanges without reliance on a centralized banking system. OpenBazaar presents a versatile platform that can be applied to various use cases, including localized bike or car-sharing services, local barter exchanges, and anonymized or pseudonymous e-delivery systems. A common misconception is that open peering can't be scaled both horizontally and vertically, at local and global levels. For instance, the decentralized-internet SDK exemplifies this potential. The ultimate objective is for developers to integrate this SDK into applications, ensuring that users who download the application are in close proximity to one another. This could lead to the creation of a widely adopted application that forms a decentralized grid, aligning with the principles of grid computing. decentralized-internet What is very telling, is that distributed data sharding is similar to what proof of work was supposed to be as opposed to what proof of work has become. Bitcoin for example, should be utilizing Proof of Verifiable Computing or Proof of Computation as opposed to the Hashcash algorithm. This was the whole point for my Hackernoon article on the Bitcoin Efficient proposal. Bitcoin's objective was to establish a decentralized, peer-to-peer electronic cash system. However, large mining corporations such as Bitmain, financial entities like Gemini and Microstrategy, technology firms such as Nvidia and AMD, along with nations like China, have significantly benefited from consolidating their power within the market. Bitcoin Efficient Bitcoin represents a groundbreaking technology designed to be open source and to promote individual freedom. Nevertheless, it has inadvertently fostered a market where the ultra-wealthy maintain significant control, allowing a select group of mining operations, corporations, and individuals to dominate block production, transaction processing, and governance. This situation has not transformed finance in the same manner that BOINC revolutionized the computing sector, which is a notable shortcoming. Conversely, software such as OpenBazaar seeks to leverage Bitcoin within a transactional framework built on Tor and a decentralized data architecture. This software is also open source. I have forked OpenBazaar; will you consider doing the same?

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