Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Jordan Peterson wraps his divisive giga-brain around Bitcoin

Jordan Peterson published a podcast titled “Bitcoin: The Future of Money?” this week that hosted Bitcoiners including John Vallis, Der Gigi, Richard James and Robert Breedlove.

Controversial Canadian psychologist Jordan Peterson appears to have turned onto Bitcoin in the latest episode of his podcast.

On Aug. 10 Peterson published a podcast titled “Bitcoin: The Future of Money?” which hosted a panel of Bitcoiners including John Vallis the host of the Bitcoin Rapid-Fire podcast, Bitcoin coder Der Gigi, film creator Richard James, and Robert Breedlove, ex-hedge fund manager and host of the “What is Money?” show.

In the video, Peterson — who claims to have an IQ around 150 — puts forward a succinct description of the innovation from which Bitcoin derives its value from:

“It's a very interesting idea that in some manner, Bitcoin provides an incorruptible language of value preferable to gold.”

Throughout the episode, the 59-year-old author prompted his guests to provide their views on the value that Bitcoin provides to society, and in turn he then re-articulated their answers back to them in an attempt to form a fundamental understanding of its key concepts.

“So [Bitcoin] is completely transparent. It’s completely distributed. There’s no centralized authority. It can’t be cracked. It can’t be stolen. It doesn’t inflate. It can’t be inflated. It isn’t subject to any form of overt administrative control,” he said.

While Peterson isn’t known as a crypto proponent, he may know more about Bitcoin and blockchain tech than he let on in the video. The psychologist started accepting BTC donations back in 2018 after he boycotted Patreon over free speech issues.

The clinical psychologist has publicly discussed the significance of blockchain tech on multiple occasions, and during an interview with Grant Blaisdell in January 2020, he tentatively stated that:

“There's a whole bunch of problems that this new system solves, but you can be bloody certain that there's a whole bunch of problems it's going to introduce.”

Peterson also questioned the guests on what they thought were the downsides of Bitcoin, and referred to Elon Musk’s environmental concerns surrounding the sustainability of mining practices behind the asset.

Related: Is being late into Bitcoin about perspective?

The consensus among the guests was that the energy required to maintain the Bitcoin network was worth it because of its transformative effects on society in terms of decentralization, with Gigi suggesting that “society, in general, asks these questions about all kinds of things, are cars worth it? Are smartphones worth it? Is the internet worth it?”

Peterson then boiled down the discussion by stating if Bitcoin’s value propositions were found to be true, the result would be that:

“Whatever energy is expended in the production of Bitcoin and the maintenance of the system should be more than recouped by the increased efficiency of every system that uses Bitcoin as a transactional device.”

“And so there’ll be a net energy gain not a net energy loss if you calculated it across the entire system. And so it’s a mistake just to look at the cost of generating Bitcoin in the absence of considering the efficiencies that Bitcoin would produce, ” he said.

https://ift.tt/3sbaHTf
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more