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Crypto Research

Free education in crypto

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The digital age enables new ways of creating value unimaginable a few years ago. Today’s digital economy, especially the increasing use of virtual and blockchain-based platforms, has resulted in an explosion of digital education options. From learning mobile apps to complex topics like finance or medical terminology, people are turning to computers and devices as a source of learning instead of books and lecture halls. The general public is also beginning to adopt digital education as a form of learning they can take with them on ham radio, online gaming, or hiking trips. Regardless, most people don’t have access to any type of education that accommodates their needs. This is changing fast. As such, many educational institutions are looking to adopt adaptable, open-accessed, and accessible solutions across different devices and languages.

What is a crypto education?

A crypto education program uses computer technology to teach people about the benefits of digital currency. The goal is to provide people with the skills and knowledge to trade, purchase, and store products like Bitcoin and other cryptocurrencies. While there are many different ways to teach about cryptocurrencies, these five common approaches have some similarities. 

– Understand the difference between cryptocurrencies and fiat money. 

– Learn about the fundamentals of cryptography. 

– Learn about blockchain technology. 

– Learn about money transmission and analysis. 

– Learn about money printing and accounting. 

– Learn about the importance of understanding cultural differences. 

– Learn about the importance of personal education.

Fiat education

Unlike education in the fiat system, if you enter the school, you may automatically carry loans that require you to pay after you graduate. It will take you a couple of years to pay off debts while the housing market is way out of your reach. Once you are ready to have a house, you may enter into your mid-year, and you have to work longer in the industry. Everything will be delayed and the market will be even more fragile for you to take huge risks to carry a bigger mortgage that the system is due to reset.

Crypto education in the classroom

Learning about cryptocurrencies in the classroom can be challenging. Most people are used to watching a few videos and having a basic understanding of the basics. In fact, many crypto-related education resources are based on the ideas and actions of famous individuals. But what about real-world examples? Researchers and education specialists have analyzed videos and generated their own lessons to create a helpful lesson. To their surprise, they found many similarities between the classroom and real-world examples. These include: 

– People’s awareness of money and how it is used. 

– Understanding how information is created and distributed. 

– Understanding how people use technology. 

– Understanding how companies create and operate. 

– Understanding the benefits of privacy. 

– Understanding how people use empathy.

Using digital platforms to learn about cryptocurrency

Beyond the basics of cryptography, digital platforms are also essential to cryptocurrency education. For example, a course on cryptocurrency trading could teach students how to trade cryptocurrencies like Bitcoin, and Ethereum., as well as other popular cryptocurrencies. Networking platforms like Facebook or LinkedIn could be used to communicate information among students, and videos, articles, and websites could be used to teach about cryptocurrencies and the trading practices of related organizations.

How to authenticate with a crypto wallet

Depending on a transaction’s difficulty level, it could be possible to fail to confirm the transaction. This could jeopardize an individual’s data or the organization’s wealth. To avoid this, it’s crucial that people can verify transactions with a trusted source. With so many different cryptocurrencies and their associated addresses, it’s almost impossible to determine who you’re trading with. You need to know the person’s address to ensure the transaction goes through. This can be accomplished with a blockchain-based application like MetaMask. This tool can sign and verify every transaction with the person’s address.

Learning from examples

It’s not just videos and articles that can be used to teach about cryptocurrencies. Reading and seeing specific examples can also help. In addition, reading through articles and examples in your field can help you spot certain trends and implementation issues. As an example, consider this article on the security of digital materials: “The Internet of Things (IoT) will become a household name in 2020 when smart home appliances, such as the Nest Classic and Smart Wall Light, go public. Like most tech products, the smart home will have a security risk since it relies on network connectivity. To reduce risk, Nest has created a system called “read the manual” to prevent unauthorized users from logging into the device.”

Turning digital platforms into tools of learning

Digital platforms could be used for more than just selling digital goods and becoming a customer. Some may be used to making payments, authenticating users, and managing their digital data. others may be used to teach consumers about new products and services. Examples include banking platforms like banks of many accounts or credit cards. With modern credit cards, you can sign-up for any number of credit card accounts with one click. You can also log into those cards with that same card number and password with a credit card. This can be used to sign-up for real estate or insurance contracts, as well as other forms of shopping.

Wrapping up

The digital age enables new ways of creating value unimaginable a few years ago. With such options for creating digital content and learning, choosing the right class for your user is important. Nowadays, people are looking for ways to make a real impact. With the ability to create and distribute videos, images, and even sound files, digital education can be a great way to do this. With this in mind, it’s important to select a digital platform that is adaptable, open-accessed, and accessible across different devices and languages. In the end, you’ll be able to create more meaningful experiences for your customers and provide them with a better learning experience.

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Crypto Research

The Future of Machine War II

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In late 2021, I wrote an article about A.I. vs. Blockchain. I realized it was closer than I expected.

https://medium.com/@xuanling11/artificial-intelligence-vs-blockchain-the-future-of-machine-war-b685d208ba20?sk=874af90c7acbe857fa004c0ebe0d5e28

Web2 is leading a future of technological centralism. 

The way we see the world in ancient is what we saw became what we believed. Later, the enlightenment process helped humans realize what they had seen was disguised by the nature principle. Once we tested our assumption and received accurate results, we thought we had mastered the nature principles. Yet, we did not make the world better than we thought we could. 

We are living in a world in which companies know more than you than yourself. Companies can likely tell you what you should believe without letting you know. 

The secret weapon that companies like Google invented is A.I. or Artificial Intelligence. 

If A.I. can think like a person, it can easily replace you! Since companies got all your data, you freely offer them by using their free services, and they can replace you one day without you realizing it. 

Without all conspiracy theories behind what Google may or will secretly develop, A.I. reaching consciousness is … impossible.

If it does, Google has successfully made a human – dumb!

The most advanced A.I. – Tesla Autopilot Program cannot distinguish objects between humans and other moving objects during driving.  

Using technology makes people dumber than they think because it takes away your consciousness – the ability to think uniquely!

Blockchain is the future of decentralization.

We need a peer-to-peer system to regain consciousness and break the chain from Web2. 

It gives individuals the power to rethink information.

Think about today’s media; all information is filtered to offer readers without any surprise. News is data that Web2 selected specifically for you to read. 

We need a decentralized system so that you can receive unfiltered information and gives you a surprise that sparks ideas of imagination.  

Web2 is afraid of the blockchain because they are too big to fail. 

 They mimic the blockchain by creating a centralized node system – social media network. 

It is a net growing outward through a single point. Only the problem is that connection is facilitated by technology. And the biggest failure is such technology has a single point of failure problem. 

And they cannot escape the law of economics – the law of diminishing. So we will see Web2 grow slower due to the law of diminishing that they require more data with few increments of advancement through A.I. without any breakthrough because A.I. is a deterministic system that works with a lack of randomness. 

In Web2, they assumed everyone was stupid, and they offered solutions to everyone.

In Web3, everyone is good and should anticipate solving a problem together.

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Crypto Research

Financial sanction to mixers

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Have you heard about financial sanctions from the US on virtual currency? At least, I have not yet. But the US Department of Treasury has issued sanctions on two crypto services: Blender.io and Tornado Cash.

To clarify, the US sanctions on tools but not target specific entities or groups of people.

So why bother to sanction something that the government probably won’t be able to sanction in the first place?

What is a mixer?

A cryptocurrency mixer, sometimes referred to as a tumbler, is a tool for money laundering. The sole purpose of the invention is to make transactions untraceable.

How to mix?

Even crypto is pseudo-anonymous, but it is traceable through your wallet address. A mixer is a black box service to filter your traceable wallet address into the untraceable wallet address.

How to wash your money clean in the traditional way?

https://dimensiongrc.com/the-stages-of-money-laundering/

The assumption is you will not get caught at each stage, and then you place your dirty money in a bank through companies and use the funds to purchase legal goods like houses or luxury goods.

There are mature regulations and rules to stop you from putting your dirty money into banks.

Digtial money landury

https://www.eurospider.com/en/know-how/compliance/211-what-is-a-cryptocurrency-mixer

A Crypto mixer or tumbler is a service to pool dirty digital currency in their favor and redistribute it into designated wallet addresses or addresses randomly generated. 

It is a challenge to stop transactions because there is no entry point for law enforcement to stop at each stage. 

https://home.treasury.gov/news/press-releases/jy0768

Ultimate Mixer

Tornado Cash is the king of the mixer. Unfortunately, there is just no way to trace transactions anymore. It is a smart contract with zk-SNARKs (zero-knowledge proofs) that does not require revealing a wallet address during transactions and ghostly distributed funds without leaving any traces.

This tool is the ultimate weapon that the government has to shut down, or there is no way to prevent transactions.

In Conclusion

Let’s change the future – legally. 

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Crypto Research

Why there is not crypto banking exist

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We have always heard about cryptocurrencies, crypto exchange, banking, and trading platforms, but we do not really grasp the idea of crypto banking. Crypto banking is a contradicted idea. If crypto is to replace banks and give users full control of digital money, why do you put your crypto into the bank? The new research paper argued that there are risks for banks to adopt crypto, but they did it anyway.

Banks want crypto

Cryptocurrency has a rough road at the beginning and continues to experience a bumpy road ahead. The institutional investors were watching its performance. In early 2017, institutional investors had opportunities to adopt crypto, but they found out the return of the investments was less than traditional financial assets. Regulations were not a concern for some individual institutional owners, but banks were conservative at the time. As a result, some investors adopted it in early 2018 than banks did. Then suddenly, the crypto market took off in 2020, leaving many banks to regret their decision in 2017. Many banks set up their digital investment group to rush into the market and increase prices. Of course, many of their investment positions are instead of shadow positions. It is unclear how much they have been invested in and what vehicles they took to invest in cryptos.

Crypto Exchange

Crypto exchange is a bank-like platform for crypto. Banks offered a place to purchase fiat currency. Crypto exchange did the same duty as traditional banks did. Since there was a gap between the crypto and banks, the crypto exchange took responsibility and offered crypto services. The crypto exchange took off after 2020, and they left banks in the dust. Then, crypto winter came in early 2022, and banks again hesitated to enter the crypto and started denouncing crypto usage, particularly in the Defi area. But interestingly, they tried to find ways to get into crypto without being directly exposed to cryptocurrencies—hint: through hedge funds.

How much banks exposure to crypto

We do not know how much banks have been exposed to crypto. We learned that the big Wall Street players were exposed to the services of the digital asset through State Street of their $41.7 trillion assets. Some have been exposed due to Luna’s collapse and 3AC bankruptcy. But again, no specific dollar amount was provided. 

Survivors

Since the crypto winter, institutional investors have been cautious about crypto exposure. However, crypto exchanges are the winner again. They are exposed to crypto and take risks more than banks do. As a result, they likely will weather the uncertainty. Furthermore, there is no need for crypto banking to handle your crypto assets since many such services will not survive long in the crypto environment. 

Crypto is resilience

Despite its fluctuating price and unsecured assets, crypto is resilient to phase out any bad business ideas and bad actors in the economy who wants to or try to dominate the market but who transfers risks to users to believe they are the one who should take responsibility for their carelessness. Unfortunately, those business models will not survive long.

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