(Originally Posted July 31st 2023) There are a lot of hype people saying ‘You’ll own everything you purchase on the Blockchain with NFTs!” but that isn’t necessarily true. Knowledge on this subject is vital to partaking in this space but knowing the difference between what is ‘owned’ and what is ‘borrowed’ is also important in […]
Tag: information
What is ‘Supply’ and what makes it so important to Crypto?
(Originally Posted July 28th 2023) Cryptocurrencies usually have a set supply limit of liquid currency that is in circulation, beyond utility and useability, that is what is supposed to give it value. Cryptocurrency is inspired by the gold standard system and how it worked with Fiat. The fact that there are only ever going to […]
Using A.I. Generators
(Originally Posted July 25th 2023) There is a lot of discussion happening concerning the use of ‘art generative A.I.’ and whether the ‘prompter’ deserves respect for their effort, work, and contributions to the profession. It all seems daunting! But one thing I realize is that A.I. is meant to be used as a tool as […]
My Understanding of Cryptocurrency
(Originally Posted July 18th 2023) Cryptocurrency, a digital currency not many actually understand the true purpose of it (not even me!). Lots will say it is an “internet money” that could solve the financial economy, others say it is a store of value, some say it is a way to escape Fiat, and a few […]
What Does ‘Ownership on Web3’ mean?
(Originally Posted July 16th 2023) Bit of a wide question but I think the importance of ownership means more for small time developers and personal accounts. Many platforms on ‘Web 2’ usually retain the rights to anything and everything created on their platform. “Web 3” is about ownership of (self)creation regarding blog posts, personal photos, […]
Decentralized Internet
(Originally Posted July 14th 2023) There are always previous versions of technology that have their series and the Internet is no different. Web 1 was the beginning of users on the Internet with mainly personal webpages and basic hosting options. Web 2 is when the Internet became more accessible for everyone and where users are […]
What Is Cryptocurrency?
Cryptocurrency has become a wider phenomenon than expected. It was originally created as a way to instantly transfer digital funds to ensure the full amount made it to its destination without having to worry about intermediaries holding onto those funds for days at a time for ‘processing’ and taking a cut afterwards before passing it […]
What is Blockchain?
The concept of Blockchain is basically a ledger of information that is distributed to everybody on the network. Everybody agrees that the transaction happened and the data is supposed to be incredibly transparent so nothing is hidden or used for nefarious purposes. Once a transaction is made, it is nigh impossible to reverse as enacting […]