Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are allowed to vote in the Presidential election. Centralized TTP consensus is everywhere: corporations, banks, hotels, airlines, restaurants, pension funds, the FBI/CIA/NSA/IRS. ...

Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are allowed to vote in the Presidential election. Centralized TTP consensus is everywhere: corporations, banks, hotels, airlines, restaurants, pension funds, the FBI/CIA/NSA/IRS. ...

Money is a form of communication that reflects one’s values and personal tastes. Money has been controlled and manipulated over the centuries by governments. This has had the effect of distorting, crippling, or abolishing freedoms. As part of this control, central banks are designed to inflate away fiat over time which boosts populism, thus the bottom 90 per cent of the population’s buying power erodes under their nose. Case in point, the cost of education and health care has skyrocketed rela...

Money is a form of communication that reflects one’s values and personal tastes. Money has been controlled and manipulated over the centuries by governments. This has had the effect of distorting, crippling, or abolishing freedoms. As part of this control, central banks are designed to inflate away fiat over time which boosts populism, thus the bottom 90 per cent of the population’s buying power erodes under their nose. Case in point, the cost of education and health care has skyrocketed rela...

The beating heart of freedom of expression, freedom from tyranny, and freedom overall is the blockchain-based web3. Web3 is decentralised, private, secure, and uncensorable. Its growth is exponential. Its impact will be massive. Mass adoption will take place once its UI becomes seamless, much as AOL and Netscape made the internet easily accessible back in the mid-1990s. No industry will be left untouched. In consequence, this decade stands to be the most transformational in the timeline of hu...

The beating heart of freedom of expression, freedom from tyranny, and freedom overall is the blockchain-based web3. Web3 is decentralised, private, secure, and uncensorable. Its growth is exponential. Its impact will be massive. Mass adoption will take place once its UI becomes seamless, much as AOL and Netscape made the internet easily accessible back in the mid-1990s. No industry will be left untouched. In consequence, this decade stands to be the most transformational in the timeline of hu...

Powell’s change of heart from dove to hawk!We have a number of central banks starting to hike interest rates due to soaring inflation. Indeed, for the first time since 2018, Powell has changed his stance on QE by becoming more hawkish due to spiking rates of inflation. The CPI hit a 39-year high. As a consequence, we may very well see a market correction in the major averages of 20% or more, if history rhymes. He removed the word ‘transitory‘ as even he can see that inflation is persistently ...

Powell’s change of heart from dove to hawk!We have a number of central banks starting to hike interest rates due to soaring inflation. Indeed, for the first time since 2018, Powell has changed his stance on QE by becoming more hawkish due to spiking rates of inflation. The CPI hit a 39-year high. As a consequence, we may very well see a market correction in the major averages of 20% or more, if history rhymes. He removed the word ‘transitory‘ as even he can see that inflation is persistently ...

Web2 versus Web3Web3 is the beating heart of the Metaverse. Web3 builds on blockchains. When developers build on a blockchain, all the assets and content are actually shared across all of the developers, which allows them to build off of each other and innovate in a way that they couldn’t before in Web2. Data is shared across all apps. When you make a post in one app, it actually shows up in all the other apps, so you can move across different apps and still retain your followers and those wi...

Web2 versus Web3Web3 is the beating heart of the Metaverse. Web3 builds on blockchains. When developers build on a blockchain, all the assets and content are actually shared across all of the developers, which allows them to build off of each other and innovate in a way that they couldn’t before in Web2. Data is shared across all apps. When you make a post in one app, it actually shows up in all the other apps, so you can move across different apps and still retain your followers and those wi...

Given the numerous transformational tipping points on which the world sits, let’s take a first principles approach to Bitcoin and its national strategic implications that can minimise the attack surface on sovereign wealth. Bitcoin’s PoW (proof-of-work) replaces MAD (mutually assured destruction) with MAP (mutually assured preservation) where it becomes a defence system for all countries. Countries will reach a stalemate where they can no longer settle disputes over monetary systems. Countrie...

Given the numerous transformational tipping points on which the world sits, let’s take a first principles approach to Bitcoin and its national strategic implications that can minimise the attack surface on sovereign wealth. Bitcoin’s PoW (proof-of-work) replaces MAD (mutually assured destruction) with MAP (mutually assured preservation) where it becomes a defence system for all countries. Countries will reach a stalemate where they can no longer settle disputes over monetary systems. Countrie...

Some of you may recognize these lyrics… And these children that you spit on, As they try to change their worlds, Are immune to your consultations, They’re quite aware of what they’re goin’ through. – David Bowie ‘Changes’ The newer generations are far more likely to agree with Bowie’s lyrics. Already a number of under 25s have become nearly overnight millionaires by trading NFTs and crypto, getting in at near zero entry prices then seeing the price soar into the five, six and seven-figure lev...

Some of you may recognize these lyrics… And these children that you spit on, As they try to change their worlds, Are immune to your consultations, They’re quite aware of what they’re goin’ through. – David Bowie ‘Changes’ The newer generations are far more likely to agree with Bowie’s lyrics. Already a number of under 25s have become nearly overnight millionaires by trading NFTs and crypto, getting in at near zero entry prices then seeing the price soar into the five, six and seven-figure lev...

I titled the last chapter in our first book for Wiley & Sons “How We Made 18,000% in the Stock Market” which became a bestseller, “Trading is Life; Life is Trading”. I would update it now to read “The Metaverse is Life; Life is the Metaverse”. Even metaverses can have bear markets. Indeed, two of the leading metaverse cryptocurrencies Decentraland (MANA) and Sandbox (SAND) are off around -70% from their peaks in late 2021 despite whale activity showing accumulation. Nevertheless, their upside...

I titled the last chapter in our first book for Wiley & Sons “How We Made 18,000% in the Stock Market” which became a bestseller, “Trading is Life; Life is Trading”. I would update it now to read “The Metaverse is Life; Life is the Metaverse”. Even metaverses can have bear markets. Indeed, two of the leading metaverse cryptocurrencies Decentraland (MANA) and Sandbox (SAND) are off around -70% from their peaks in late 2021 despite whale activity showing accumulation. Nevertheless, their upside...

Most do not quite grasp the potential of web3 yet since it is so new. It is decentralised and permissionless and censorship-resistant. Tokens are the oil in the machine that align incentives among groups of people who don’t have to trust each other. DeFi is the backbone of a new financial system that displaces legacy banking. Bitcoin is money and a store of value which cannot be debased or controlled. NFTs revolutionise ownership rights but also a sense of belonging as shown by social and gam...

Most do not quite grasp the potential of web3 yet since it is so new. It is decentralised and permissionless and censorship-resistant. Tokens are the oil in the machine that align incentives among groups of people who don’t have to trust each other. DeFi is the backbone of a new financial system that displaces legacy banking. Bitcoin is money and a store of value which cannot be debased or controlled. NFTs revolutionise ownership rights but also a sense of belonging as shown by social and gam...

Money is a form of energy. Blockchain/crypto bull markets are spurring the transformation of wealth. Bear markets weed out the tourists. Crypto is socioeconomically transforming humanity while making the Industrial Revolution seem trivial by comparison. It is changing how we interact. It is leap-frogging man-made boundaries. In consequence, countries will become less relevant. The idea of nationalism will change from man-made boundaries of an outdated era towards clusters of decentralized com...

Money is a form of energy. Blockchain/crypto bull markets are spurring the transformation of wealth. Bear markets weed out the tourists. Crypto is socioeconomically transforming humanity while making the Industrial Revolution seem trivial by comparison. It is changing how we interact. It is leap-frogging man-made boundaries. In consequence, countries will become less relevant. The idea of nationalism will change from man-made boundaries of an outdated era towards clusters of decentralized com...

The term ‘metaverse’ is used liberally today, but it came into form at the start of the PC (personal computer) revolution in early 1980s. The Apple ][+ catalysed the movement with upper/middle class being able to afford such computers in the early 1980s. Hundreds of Bulletin Board Systems were born across the US. I was the sysop (system operator) of The Insane Asylum – a BBS that was featured in Businessweek as one of three BBSs in the US that had the most user traffic. I was Damien the Dread...

The term ‘metaverse’ is used liberally today, but it came into form at the start of the PC (personal computer) revolution in early 1980s. The Apple ][+ catalysed the movement with upper/middle class being able to afford such computers in the early 1980s. Hundreds of Bulletin Board Systems were born across the US. I was the sysop (system operator) of The Insane Asylum – a BBS that was featured in Businessweek as one of three BBSs in the US that had the most user traffic. I was Damien the Dread...

Market Lab Report / Dr. K's Crypto-Corner by Dr. Chris Kacher The Metaversal Evolution Will Not Be Centralized™ All-time records for debt and rates With interest rates at all-time lows and debt at near all-time highs, any increase in rates beyond 25 bps would hamper GDP as payments on debt would materially increase. The world currently stands at 4:1 debt-to-GDP. The U.S. fed cannot therefore hike rates more than a couple times or risk tanking markets. With new crises on the way with the ...

Market Lab Report / Dr. K's Crypto-Corner by Dr. Chris Kacher The Metaversal Evolution Will Not Be Centralized™ All-time records for debt and rates With interest rates at all-time lows and debt at near all-time highs, any increase in rates beyond 25 bps would hamper GDP as payments on debt would materially increase. The world currently stands at 4:1 debt-to-GDP. The U.S. fed cannot therefore hike rates more than a couple times or risk tanking markets. With new crises on the way with the ...