DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
Subscribe to Durwin
Subscribe to Durwin
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
You know I love web3 and what is promises.
Sure, it has its shortcomings, is full of scammers and grifters, but I am always hopeful that it will blossom and do good for the world in time to come.
But really, for that to happen, some things have to change.
Certain simple steps like switching networks, the whole seed phrase thingy and reading the wall of hieroglyphics before you make a transactions is just unnecessarily complicated for the common folk.
A simple transaction is quite problematic for the uninitiated.
Protecting users at the wallet level.
This is the first point of contact between a user and a blockchain.
Some of the most dangerous yet simplest forms of scamming users occurs at this stage.
With one wrong click, a user can unknowingly sign over access of their entire wallet to scammers.
Millions of dollars worth of crypto and NFTs have been stolen this way.
In some sense, you cannot say that the assets have been stolen, because technically, the users were the ones who knowingly (or unknowingly) signed the transactions and agree to whatever was presented to them at the point of confirming the transaction.
But come on, who seriously reads the jumble of text and hexadecimal lines of codes carefully?
Who actually understands all that?
Who can actually legitimately fact-check and point out if the transaction was malicious?
For the average joe, we barely even notice it before clicking “agree” in a rush to get that juicy NFT or buy our crypto.
The user experience of web3 wallets is tacky, wonky and headed for disaster.
Actually, disaster already came.
Seth Green lost all his expensive NFTs, thousands were scammed by BBC One thieves and hundreds of Bored Ape community members were phished.
And those were just the ones that were reported.
Anyways, why should it be so difficult?
Why should web3 transactions be so complicated?
What happens when the average joe can’t read and understand complicated transactional codes?
We should aim to simplify and child-proof it as much as possible.
If such transactions aren’t simplified for the common folk, web3 will never be adopted completely.
One of the startups working on this is Blowfish.
They are a layer between wallets and users, to read and understand the transactions, and spell it out in simple, human-readable language.
If there are dangers and security breaches like if you potentially signing a “wallet-draining” transaction, it will red flag it and alert you immediately.
“Since integrating our API, they’ve scanned over 125 million proposed transactions and prevented over 11,000 wallet-draining transactions from being signed by their users.”
Quite smart eh?
Essentially it is just reading the transactions and translating it to simple english for the average joe to understand.
Sometimes, the toughest problems have the simplest solution.
I love this approach.
Solve just one known and very painful problem for the user.
If the problem is painful enough, and enough people adopts it, you have a product-market in no time.
-
Are web3 transactions too complicated?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #blowfish #markets #scammers #NFT #profits #nftmarket
You know I love web3 and what is promises.
Sure, it has its shortcomings, is full of scammers and grifters, but I am always hopeful that it will blossom and do good for the world in time to come.
But really, for that to happen, some things have to change.
Certain simple steps like switching networks, the whole seed phrase thingy and reading the wall of hieroglyphics before you make a transactions is just unnecessarily complicated for the common folk.
A simple transaction is quite problematic for the uninitiated.
Protecting users at the wallet level.
This is the first point of contact between a user and a blockchain.
Some of the most dangerous yet simplest forms of scamming users occurs at this stage.
With one wrong click, a user can unknowingly sign over access of their entire wallet to scammers.
Millions of dollars worth of crypto and NFTs have been stolen this way.
In some sense, you cannot say that the assets have been stolen, because technically, the users were the ones who knowingly (or unknowingly) signed the transactions and agree to whatever was presented to them at the point of confirming the transaction.
But come on, who seriously reads the jumble of text and hexadecimal lines of codes carefully?
Who actually understands all that?
Who can actually legitimately fact-check and point out if the transaction was malicious?
For the average joe, we barely even notice it before clicking “agree” in a rush to get that juicy NFT or buy our crypto.
The user experience of web3 wallets is tacky, wonky and headed for disaster.
Actually, disaster already came.
Seth Green lost all his expensive NFTs, thousands were scammed by BBC One thieves and hundreds of Bored Ape community members were phished.
And those were just the ones that were reported.
Anyways, why should it be so difficult?
Why should web3 transactions be so complicated?
What happens when the average joe can’t read and understand complicated transactional codes?
We should aim to simplify and child-proof it as much as possible.
If such transactions aren’t simplified for the common folk, web3 will never be adopted completely.
One of the startups working on this is Blowfish.
They are a layer between wallets and users, to read and understand the transactions, and spell it out in simple, human-readable language.
If there are dangers and security breaches like if you potentially signing a “wallet-draining” transaction, it will red flag it and alert you immediately.
“Since integrating our API, they’ve scanned over 125 million proposed transactions and prevented over 11,000 wallet-draining transactions from being signed by their users.”
Quite smart eh?
Essentially it is just reading the transactions and translating it to simple english for the average joe to understand.
Sometimes, the toughest problems have the simplest solution.
I love this approach.
Solve just one known and very painful problem for the user.
If the problem is painful enough, and enough people adopts it, you have a product-market in no time.
-
Are web3 transactions too complicated?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #blowfish #markets #scammers #NFT #profits #nftmarket
No activity yet