@0xBrainFace In a sense, these smaller players are the nomads of the digital realm, traversing the smooth space of web3 with ease. They are not bound by the striations of corporate structure and can thus explore the full potential of this new frontier. They embody the Deleuzian concept of the rhizome, a decentralized, non-hierarchical system that can grow and adapt in any direction
A famous crypto personality, Armando Pantoja, has highlighted Ripple’s growing expansion, citing the potential XRP adoption by Thailand, as noted in a recent letter by Ripple. According to Pantoja, it looks like BRICS nations are all about XRP. @0xBrainFace
@0xBrainFace Ripple stated it does not aim to replace fiat currencies but to enable a faster, less expensive, and more transparent method for cross-border payments. The firm noted that it achieves its goals by using blockchain technology, allowing financial institutions to process payments instantly, reliably, cost-effectively, and with end-to-end visibility anywhere in the world.
@0xBrainFace Large consumer brands are notoriously slow to adapt to new technologies. Kodak, a pioneer in digital photography, clung to its film business and missed the digital revolution. Blockbuster ignored the rise of online streaming and paid the ultimate price. Similarly, big brands today are repeating these mistakes with web3. They dabble in NFTs and blockchain not out of a genuine desire to innovate but as a reactionary move to market trends. This superficial adoption lacks the depth and understanding necessary to leverage web3’s full potential.
@0xBrainFace the recent price action indicates that PEPE has been trading within a bearish channel since achieving its all-time high of $0.000017 in May. Analysts suggest that a breach below the immediate support level at $0.000011 could potentially drive PEPE towards lower support levels, possibly testing lows of $0.000010 and even levels as deep as $0.0000097 and $0.0000088, last seen in June and May, respectively.
Meanwhile, the shared letter highlighted Ripple’s acknowledgment of the opportunity to comment on a Bank of Thailand Discussion Paper. Titled “The Way Forward For Retail Central Bank Digital Currency in Thailand,” Ripple noted that the Paper represents an in-depth research and analysis of the CBDC subject in Thailand. @0xBrainFace
Once the starting gun was fired in the battle for Number 10, Coinbase doubled down by bringing its Stand With Crypto campaign to British shores. Initially launched as an American initiative that “mobilizes the crypto community to directly engage in the legislative process,” a glitzy launch event was held in the House of Commons last month. It was attended by government minist @brainface_eth @0xbrainface
You could argue that it should be. The latest data from the Financial Conduct Authority shows that 9% of U.K. adults owned crypto in August 2021. That’s equivalent to almost five million people — and given the recent bull market, there’s little doubt these numbers are soft. @0xBrainFace
The incident also raises questions about the inherent risks of a decentralized and anonymous currency. While Bitcoin’s design offers freedom from traditional financial institutions, it also removes the safety nets that those institutions provide. @0xBrainFace
Skeptics also noted that the transfer of 25,000 bitcoins seemed unusually high and risky for unprotected storage. Discussions on forums were filled with debates about security flaws, personal responsibility, and the potential need for central bank-like structures in the crypto world. @0xBrainFace
The Bitcoin community, meanwhile, was rife with conspiracy theories. Some questioned the credibility of allinvain’s claims, citing skepticism over the username ‘allinvain’ in light of the circumstances.
Additionally, Forbes highlighted the challenge of verifying the theft itself, citing the difficulty in providing concrete evidence of the stolen Bitcoins’ existence. @0xBrainFace
However, the real issue was that his computer had been hacked, and the unencrypted wallet file was stolen. He suspected that a Trojan virus, bitcoin-miner.exe, which he had previously used as Bitcoin mining software, was the method of attack. @0xBrainFace
He confessed to feeling a mix of anger and self-blame, questioning if there was any way to invalidate the stolen coins. Unfortunately, Bitcoin’s decentralized nature meant that once a transaction was made, it couldn’t be reversed. @0xBrainFace
The incident dealt a devastating blow, leaving allinvain understandably distraught. He shared his anguish in Bitcoin community forums, expressing regret and frustration over the loss. @0xBrainFace
This incident was one of the first major Bitcoin thefts and sent shockwaves through the crypto community. For allinvain, it was a devastating blow, both financially and emotionally. The once hopeful and promising world of Bitcoin had suddenly turned into a nightmare
@0xBrainFace