🇯🇵 @sonybank_jp planning to deploy their own stablecoin on the @0xPolygon blockchain!
❝ Digitally native institutional finance today, aggregated and composable on Polygon networks tomorrow. ❞
The Grand Finals of the @pglesports Copenhagen Major are ready to begin. @natusvincere and @FaZeClan from the sold out Royal Arena.
The maps are Ancient, Mirage, and Inferno.
Your casters are @HugoTV and @JustHarryGG.
Watch live: https://t.co/VjDjwCp2xp
THE INTERNET IS THE NEXT AMERICA
The Internet is to America what America was to Britain. A frontier territory that will ultimately succeed even its worthy progenitor.
THE EARLY AMERICANS
Remember, the early Americans thought of themselves as British for decades. They had land and people, but not a government. Until national consciousness arose.
Fundamentally, Americans were more connected to each other than they were to random fellow Britons. They chatted with their next door neighbors, not the people thousands of miles away. Eventually they decided to get their own state.
Or states. Because the Americas gave birth to more than just America. And many other subjects of London’s hegemony also sought independent states, over time.
Importantly, the leaders of these newly independent states — like George Washington, Lee Kuan Yew, and Gandhi— weren’t really anti-British. They were *post*-British. Washington respected Britain, but thought his people could do better without London. And he was right. Today most countries that declared independence from the UK are on good terms with the British.
THE EARLY NETIZENS
Similarly, many early Netizens still think of themselves as American. Today, they have people and government[1], but not land. Until network consciousness arises.
Fundamentally, Netizens are more connected to each other than they are to random fellow citizens. They videochat with people thousands of miles away, and don’t know their next door neighbors. Eventually they will get their own state.
Or states. Because the Internet will give birth to more than just the next America. And many other subjects of DC’s hegemony will also seek independent states, over time.
Importantly, the leaders of these newly independent states aren’t anti-American. They are *post*-American. Just like Lee Kuan Yew, Gandhi, and George Washington. They love what America was, but think their people can now do better without today’s DC. And they will be right.
TRANSFER OF SOVEREIGNTY
The sun did set on the British Empire. Like the Romans and Greeks before them. Then DC took the torch from London. And now the Internet is taking the torch from DC.
We already see the transfer of sovereignty from land to cloud. The US post office has been replaced by email. Taxi medallions are obviated by Uber. NASA is outcompeted by SpaceX. And the dollar is devalued against Bitcoin.
This will extend to everything. 99% of transactions and communications have already moved online. So will 99% of regulations and legislations. So will elections, and so will the state itself. Reborn on the Internet frontier.
This is exciting. It’s not just the frontier that’s back. So are the pioneers, the captains of industry, and the next founding fathers. As Joe Biden falls, a thousand George Washingtons rise.
So: don’t blackpill. Yes, DC’s century is ending, like London’s did. But the Internet century is just beginning.
* What are the governments of the Internet? Blockchains, actually. They provide property rights, smart contract enforcement, dispute resolution, identity verification and more to hundreds of millions of people online. Just like you can store your money in a Swiss bank account, you can store your money in Satoshi’s blockchain.
Fundamentally, blockchains are new systems of digital law that people opt into because they are superior to legacy states. Yes, today they only enforce laws online. But that will change.
put on the hat a month ago
when most people had already printed and were talking about shorting the nance listings
about to hit a 10x with 0 mins spent underwater
🫡
“Muh all of CT is bullish DOGE no way it can pump”
My BROTHER in Christ, everyone here is bullish doge because it is the most free money trade of the cycle.
We reward people who leverage themselves to the tits gambling on clumps of bricks, and punish anyone who tries to work hard through excessive taxation.
Society is doomed.
Polygon zkEVM Mainnet Beta has resumed operations.
The Emergency Council for Polygon zkEVM Mainnet Beta activated the emergency state to allow the Polygon zkEVM Core Team to apply a necessary fix to the system, allowing L1 settlement of Polygon zkEVM Mainnet Beta to resume. Upon completing this upgrade, the emergency state was deactivated, meaning any further updates to the system are subject to a 10-day timelock before taking effect. We will follow up with a detailed post-mortem on the @0xPolygonFdn forum early next week.
This only impacts Polygon zkEVM Mainnet Beta and does not impact Polygon PoS, Polygon CDK, or any chain deployed using Polygon CDK.
We thank both the Emergency Council members and the teams of engineers for their diligent work this weekend on resolving this issue.
Why would I ever use RU58841???
It's a research chemical!
I'm not putting poison into my body!
My wispy thin hair is totally fine and presentable,
Nobody will notice the straw-like FLIMSINESS if I push it down onto my forehead.
They'll think I'm intentionally rocking a fringe, haha.
Anyway, we're shorting SOL tonight.
You in?
Retardio.
The discussion about Composable Institutional Finance on @0xPolygon has been heating up lately.
We'd like to explain this idea along with the reason why it's important to leverage this concept and why it was critical for blockchains like @0xPolygon to have a technological foundation and infrastructure prepared and well positioned to make it possible to happen on its chain:
A recent study from @Citi, one of the largest banks in the U.S. highlighted the following;
❝ Tokenization of financial and real-world assets could be the killer use case driving blockchain breakthrough with tokenization expected to grow by a factor of 80x in private markets and reach up to almost $4 trillion in value by 2030. ❞
Tokenization is essentially the process of creating digital tokens that represent Real World Asset (RWA's) directly on a blockchain.
Offering tokenization on a blockchain has 3 main advantages:
-Decentralization: mainly serving in disintermediation and privacy.
-Offering a secure marketplace: where prospects can easily match with a buyer/seller while offering these prospects an option to navigate, online, through products they actually might seek.
-Speed & Cost: transactions on chains like @0xPolygon are fast, secure, cost-effective and reliable.
Now, looking at the concept of tokenization from an objective standpoint, we can extract an important realization:
Tokenization is only one of many possible services/business models that could leverage the advantages of blockchains and decentralization.
Here's why @0xPolygon suggests Composable Institutional Finance:
Think of composable institutional finance as a financial institution having different financial services that could leverage the blockchain architecture to offer more flexible, dis-intermediate and efficient services to its extremely financially capable customers, leveraging the advantages of blockchains discussed previously.
These financial services could include loans, savings accounts and many other traditional banking services, and could probably transform into new financial services that are adjusted to this new technology they've just adapted.
Now you may ask what is the best technology in question that these financial institutions might want to use to make composable institutional finance happen and the answer is simple:
Polygon.
Why?
- When it comes to EVM chains, Polygon is the most cost-effective when having massive amounts of transactions.
- High uptime
- Deep liquidity
- Battle-tested
- Fast
- Inherits its security from Ethereum.