What is Cryptoeconomics?

Welcome to our latest video “What is Cryptoeconomics?” – a deep dive into the revolutionary concept combining cryptocurrency, blockchain technology, and economics. In this video, we demystify cryptoeconomics, dissecting its components and potential implications on our digital world. We start by defining cryptoeconomics, delve into its importance, and explain how it drives the functionality of decentralized networks like Bitcoin and Ethereum. The video also outlines the role of incentives and penalties in maintaining blockchain security

Forget the Great Reset. Embrace the Great Escape.

“The coronavirus pandemic has no parallel in modern history. It is our defining moment.”

Those are the words of Klaus Schwab, head of the World Economic Forum (WEF), in COVID-19: The Great Reset, the 2020 book he co-authored with Thierry Malleret.

“Many of us are pondering when things will return to normal,” they write in the book’s introduction. “The short response is: never.”

At the latest WEF meeting in Davos, Switzerland, this January, Schwab set the tone for the conference with his glowing introduction of the opening speaker: Xi Jinping, China’s president and chairman of the Chinese Communist Party

“Major economies should see the world as one community… and should coordinate the objectives, intensity, and pace of fiscal and monetary policies,” said Xi in his address to the WEF.

This vision of a united globe with a coordinated economy managed by experts captures Schwab’s vision of the post-COVID world. “We have to redefine the social contract,” said Schwab at a 2020 WEF book launch event for The Great Reset.

These grand proclamations, the ominous book title, and Schwab’s odd personal style have led many people to speculate that the “great reset” is part of a conspiracy of global financial elites and politicians to depopulate the planet so that they can more easily institute one-world government, or even that COVID was engineered to that end.

I don’t buy it. Far-reaching, global conspiracies require levels of coordination and shared purpose likely to be quickly exposed and fall apart, especially in the networked age. Instead of spinning our wheels searching for a secret agenda, take a look at the one right out in the open.

“I think we are moving from short-term to long-term, from shareholder capitalism to stakeholder capitalism,” said Schwab at his 2020 book event.

What Xi, the WEF, and people like Sen. Elizabeth Warren (D–Mass.) have in common is that they favor so-called stakeholder capitalism, which is a euphemism for making companies answer first to special interests. They want to reorganize corporate boards to include representatives from labor, environmental, and social justice groups. Warren proposed a bill to require 40 percent of large corporate board seats be elected by workers. In China, the state simply owns or controls a majority stake in most of the country’s largest firms.

Blockchain Smart Contracts, Explained

Smart Contracts are an important part of blockchain technology. In this video, we will explain what do we mean by contracts and how they can be complete and incomplete, and why the blockchain is a fantastic technology to accomplish a reduction of transaction costs, in conjunction with oracles.

How The GPU Chip Shortage Hit Gamers And Crypto Miners

There’s a certain kind of computer chip that has become incredibly important to the modern world. The GPU — short for graphics processing unit. GPUs bring digital worlds to life. In the last few years, they’ve become the computer chip of choice among certain crypto miners. They’re also becoming increasingly more important in cutting edge fields like self-driving cars and supercomputing. But like every other kind of computer chip in 2021, GPUs remain in short supply. Here’s why, and why it’s hurting gamers and crypto miners specifically.