Given diminishing returns or cycle what level of return might we look forward to in the next cycle once BTC bottoms?
Video recording date: December 19, 2022
Author: Michael H
It is very much a traditional European and American idea to associate this celebratory time of year with winter and the seasonal “darkest time of year”. However, dark and light contrasted has a kind of fundamental meaning for all people, universally. Dark versus light; light versus dark–the idea of celebrating light rather than darkness is a way of universalizing a celebration at this time of year, when many traditions have a principal celebration otherwise.
–The World-Friend Adi Da, from The Danavira Mela Book page 9
Light means something holy, something Divine. The notion and the sense of the holiness (or, at any rate, the profoundity) of Light–and especially the Divine characteristic of Light–is a universal feeling-idea. It is part of all religions. It is part of secular life, too. Light is fundamental in human experience and aspiration and meaning. Because of this, it is suitable to be associated with a universal celebration every year.
–The World-Friend Adi Da, from The Danavira Mela Book page 9
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| Bhagavan Adi Da as a child, and Bhagavan Adi Da in Hermitage |
Bhagavan Adi Da Samraj envisions the holiday season as a time when people of all faiths and places can celebrate the “Light-in-Everybody” —a season, as He explained, that is “essentially about Light, and about that Light in everybody. It is about acknowledging the characteristic of Light in everybody you know and meet, rather than darkness. It is about love rather than its opposite.”
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The Ethereum Killers Are All Zombies Now
The Merge made it starkly visible to the world, but blockchain insiders have known for years that Ethereum’s assassins have fired their shots and missed.
If the best technology doesn’t seem to win, what separates long-term winners out in these standards battles? I hypothesize that there are two answers. First, developer ecosystem maturity and, second, management team.
[Ethereum has both ecosystem & management maturity.]
What does this mean for Ethereum’s well-funded would-be assassins such as Solana, Terra, Avalanche and others? I think it means they are zombies, technically still alive but running on borrowed time. How much time? It could be quite a few years. Competitors to the PC kept on going for more than a decade after Windows became the dominant platform. It won’t surprise me if some Ethereum killers are still trucking along with ever-diminished market share and crowds of online influencers shilling them in 2030.
Sometimes at night I step outside to get some fresh air and look up to the stars–to take in the big picture. Here’s a link to a visual meditation about this.
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Upcoming Event: Ethereum Merge
This is tuesday September 13, ethereum will transition from proof of work to proof of stake in a day or so.
Why is it important? It’s been a talking point of evolution for the ethereum blockchain since it’s beginnings in July 2015. What it does is change how new blocks are chosen, moving from proof of work (lots of computers using a lot of electricity), to proof of stake (basically a lottery from stake holders). It saves a lot of electricity.
Bitcoin (the largest cryptocurrency) also runs on proof of work, but there are no current plans to migrate it to proof of stake.
Cryptocurrency is a financial and technological product (fintech). Money goes everywhere! And now technology is developing means for working with money, in terms of crypto tech. It will disrupt traditional finance like the internet is disrupting newspapers for instance.