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The NFT mania that engulfed the cryptocurrency industry earlier this year is showing no signs of stopping anytime soon. Interestingly, this NFT sector helped in onboarding hordes of new users to the space. It also led to the growth of several rival blockchains such as Solana that are vying for Ethereum‘s top spot in the NFT games.
During all this craze, however, what many seem to forget is Bitcoin‘s absence in the sector, according to developer Dennis. Through a long thread on Twitter, the developer expressed his displeasure about the infamous owner of the dark web network Silk Road, Ross Ulbricht who used Ethereum to release NFTs as a means to fund his release from prison.
WE DID IT. Over 1,320 people raised over 2,800 ETH in a week (over $12m at todays price) to win the auction for Ross’s NFT (sold at 1446 ETH – about half of our treasury). Crypto is amazing.
Here’s what happens now 👇👇👇
— FreeRossDAO 🕊️ (@FreeRossDAO) December 9, 2023
Noting that this decision should “trigger deep introspection among Bitcoiners,” Dennis said,
“The subset of bitcoiners that only accept digital gold as the sole bitcoin use case are a recent anomaly. There weren’t people like this in 2013. There were tons of cool things happening on bitcoin back then.”
Another reason behind the lack of such development in the Bitcoin space is the low monetary incentives received by developers, as compared to those building on Ethereum and other such networks.
It’s also an ode to those bringing cool shit to btc on lightning, L2s, OP_CTV, etc. Often they do this while struggling to pay bills.
Imagine if we could fund a DAO or NFT to pay devs.
If Ethereans can afford $45M to fail at buying the constitution, then we can fund our devs.
He further noted that those flipping their BTC for ETH in a bid to participate in this mania don’t realize that Bitcoin’s merits cant be “ported to another chain.” Especially, Ethereum since the “design tradeoffs ETH has made don’t make it a serious contender as a bearer asset.”
Dennis also mentioned the resilience of the Bitcoin network, and how building on top of it does not disrupt the chain in any manner.
The replies on the developer’s thread expressed dismay at the idea of Bitcoin being used as anything but a holding asset. It is worth noting here that a number of networks are already experimenting in the space, giving Ethereum a run for its money.
One example is Stacks, which is a decentralized, open-source network built on Bitcoin, trying to expand Bitcoin’s potential as a programmable base layer. The Stacks NFT marketplace is fairly new, but it already has million in trading volume, with its native cryptocurrency STX gaining new grounds on the back of increasing demand.
The platform has a number of existing projects such as Sathoshibles and Bitcoin Birds, while many more are in the pipeline. In fact, it should be noted that some of the first tokenized digital assets were minted and sold on Counterparty, a third-party Bitcoin protocol, as early as 2012, way before Ethereum was born.
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The road to the digital currency system started with the rise of Bitcoin. After Bitcoin, many types of currencies have been launched in blockchain technology to improve the digital financial system. One of these currencies is called the meme coin. Dogecoin was the first coin in history that saw huge success and was termed a meme coin. Bitcoin and meme coins are launching many upgrades to pave the way for DeFi. A new meme coin, Big Eyes Coin (BIG), is also on the cards to contribute to decentralized finance.How does Big Eyes Coin (BIG) work?
Apart from its name, Big Eyes Coin (BIG) is a token based on the Ethereum platform. It will be launched as dApp on the Ethereum platform. Big Eyes Coin (BIG) is said to be a pure community-driven token due to its majority of tokens specified for the people.
One more thing that makes this setup unique is its cute meme. Let’s have a look at its top features to understand it in a better manner.Tokenomics
The token numbers and their division are a crucial part of any cryptocurrency. Big Eyes Coin (BIG) has announced a total of 200 billion tokens. Its division is focused on empowering the people mostly. 90% of the tokens are available for ordinary people, 70% in Presale, and 20% on exchanges. The remaining 10% is divided equally between Wallet and charity.NFTs planned
Non fungible tokens are the most innovative way of improving the attention toward any currency. Also, they are known for exclusive ownership rights as well. In its whitepaper, Big Eyes Coin (BIG) announced that it would provide a heaven for NFTs. It eyes to be in the top 10 NFTs and will give successful NFT holders the right to vote in governance.Road to victory
Victory depends on many things, and planning is crucial in all of them. For example, a fantastic setup of crypto without long-term planning is nothing. This cute meme coin has announced a comprehensive plan for the long run with four steps: Crouch, Leap, Run, and Catwalk. Many giveaways and live media stunts are part of these stages.Best meme competition
Meme coins have opened a new trend of fame in the market. Coins use cute memes as their mascot to be successful quickly. Big Eyes Coin (BIG) has announced its mascot, which contains an anime cat with beautiful eyes. This adorable cat is too focused on winning the best meme competition in 2023, and its alluring beauty is rightly so.Where does Bitcoin (BTC) stand now?
Bitcoin has changed the financial world as it was the first cryptocurrency launched for digital payment. It faced many challenges and is the number one currency in such a vast market. It is valued at more than 17000 USD and has a market cap of 330 billion USD.
The only things bitcoin lacked were smart contracts and the dApps platform. Now it has announced the Taproot upgrade to enable smart contracts and dApps.How good is Dogecoin (DOGE)?
At its launch in 2013, Dogecoin was taken as a fun coin that cannot score big. People took it wrong as in just one year, its market cap was around 20 million USD. Dogecoin is the founder of a new group called meme coin.
It is ranked 8th best and has been consistently in the top 10 for a long time. It has many features, but the low value is the best as it allows easy access for ordinary investors.You can study more about Big Eyes Coin (BIG) by visiting the following links:
The publication you’re now reading, Datamation, has been around – believe it or not – for almost 50 years. Before it was a Web site, Datamation was a magazine. The first issue was published in 1957.
To understand how far back that was, our premiere issue launched one year before Frank Rosenblatt built his famed Perceptron Mark I. This primitive computer included an artificial retina, which, after Rosenblatt tinkered with it, could distinguish between horizontal and vertical bars of light. Pretty wild stuff.
Datamation has stayed on the cutting edge of technology ever since, chronicling everything from IBM mainframes to upstarts like Bill Gates. Long before we were covering Web services and wireless LANs, we were the first word on floppy disks (which debuted in 1971) and RISC-based workstations (Sun introduced one in 1987).
Now, as our 50th anniversary approaches, we’re looking back at past issues of Datamation to see how far the tech world has come. The archived issues make one thing very clear: the closer you get to the present day, the more complex IT becomes.
Consequently, readers need Datamation more than ever to help them stay current. (Okay, that was a sales pitch, but you don’t keep publishing for 50 years without a little hype.)
As we thumbed through back issues, the year 1992 caught our eye. Why ‘92? Because many of the today’s top players were lining up for the market battles that still affect us in 2006. And because the successes and failures (especially the failures) of’92 provide guidance for present day IT professionals.
So, if you’re game, let’s crank up the time travel machine and see what life was like in IT not that long ago…
Next page: Datamation’s 1992 Products of the Year: PCs, workstations, software, and hardware.
Datamation’s Products of the Year: 1992
Each year, Datamation asked over 1,000 technology managers to select their Products of the Year choices in a variety of categories. Voting was slow: managers had to mail in their responses via the U.S. Postal Service. This meant readers had to wait until February 1993 to learn the top picks for 1992. Life moved at a leisurely pace back then.
And the winners for Datamation’s 1992 Products of the Year were:
PCs & Workstations:
First Place: IBM RS/6000 POWERstation 220
Second Place: Dell Powerline 450 DE
Third Place: Compaq Deskpro 50M
As of 2006, you can buy a 1992-vintage POWERstation 220 on eBay for around $200. But in its day, the 220 was quite the hot rod. It zipped along at 33 MHz, sported a 1.44 MB floppy drive, and included a video controller that could handle 256 colors at a resolution of 1024 x 768 pixels.
First Place: Apple PowerBook 170
Second Place: Dell 325 NC
Third Place: Compaq LTE Lite 25 model 60
Although Apple’s laptop won top honors in ‘92, the company soon suffered a major setback. It had filed a lawsuit against Microsoft and Hewlett-Packard, alleging that the Windows GUI was essentially a copy of the Mac GUI, but the court ruled against Apple in 1992 and again in 1993. Apple’s market share, already slipping, began a rapid descent.
First Place: IBM OS/2 2.0
Second Place: Microsoft Windows 3.1
Third Place: Microsoft Excel 4.0
While many users felt that OS/2 was a superior operating system to Windows (Datamation readers apparently loved it) it was consigned to failure. Big Blue developed it with an eye toward the corporate market, focusing far less on the home market. OS/2 wasn’t game friendly and wasn’t fully DOS compatible – two of Windows’s strengths. In short, IBM wasn’t catering to the larger market.
Although IBM released OS/2 2.0 the same year that Microsoft released Windows 3.1, Windows sold almost ten times as many units as OS/2 in 1992.
The failure of IBM’s proprietary OS is a cautionary tale for IT managers: even if you put out a quality product, you can still tumble into the dustbin of tech history. (Hint: a technology’s success is determined more by market forces than by its inherent quality.)
Large System Software:
First Place: IBM DB2 2.3
Second Place: Oracle CASE 5.0
Third Place: SAS System for Information Delivery 6.07
Who says technology changes? IBM and Oracle were fierce competitors in the database market in 1992, and they continue to be in 2006. (Actually, while IBM’s DB2 product is a database, Oracle’s CASE was a design tool for databases and other applications – the products weren’t direct competitors.)
But although some of the players are the same, the database world has changed radically since 1992. Among the many changes: Oracle is now the top vendor. According to 2006 figures from Gartner Dataquest, the market share of overall vendor revenues from database products (including support as well as license fees) are as follows: Oracle: 41.3%, IBM: 24.9%, Microsoft: 15.7%.
A still larger change – destined to shape the future of data storage – is the rise of the open source database, led by Ingress, MySQL and Postgres. In terms of revenue, “If you look at relational databases, open source vendors account for only .7%,” says Gartner analyst Donald Feinberg. (Feinberg, by the way, fondly recalls reading Datatmation in the late 1960s.)
But this small revenue percentage must be put in context, he says. “There’s not a lot of people using open source – yet – in production” he says. But the revenue growth in open source databases from 2004 to 2005 was 47%, he points out. Moreover, “I expect the same type of percentages to continue, because more and more people are using them as they get more mature.”
On a side note, Feinberg recalls that a big database in 1992 might have been 200 GB – and such a whopping data load required an IBM mainframe to handle it. Now, of course, many desktop hard drives more hold 200 GB.
Next page: Network hardware, software, and mainframes
First Place: Hayes Smartmodem Optima 9600
Second Place: Intel SatisFAXtion Modem/400
Third Place: SAS System for Information Delivery 6.07
The notion that a 9600-baud modem is “network hardware” might be quaint, but it makes sense. The modem can rightfully be called the lynchpin of modern enterprise IT, in that it allowed communication between computers across telephone lines. The office in Omaha could send data to the office in Chicago, allowing national companies to have truly national data flow.
Oddly, the 9600-baud Hayes modem won the 1992 reader’s poll even though it wasn’t the fastest modem available. The 14.4 kbps modem had been introduced in 1991 (Hayes even made one) but apparently Datamation readers hadn’t rushed out to buy them – IT budgets were tight even then.
Minor note: The name “SatisFAXtion” might be one of the worst product monikers ever.
First Place: Artisoft’s LANtastic 4.1
Second Place: Sybase SQL Server 4.8
Third Place: Digital’s DECmcc Management Station for ULTRIX
Artisoft’s moment in the sun was brief, but in 1992 it was a company to watch. Long before Napster gave peer-to-peer networking a bad name, Artisoft’s LANtastic was a must-have P2P app for enterprise IT departments. It allowed companies to easily set up a P2P LAN operating system for DOS, Windows and OS/2.
“Before LANTastic, you had to set up a dedicated server to run your network from,” says David Strom, a technology consultant who worked with Artisoft products. “Their innovation was enabling you to use anyone’s workstation as a file and print server, so you could create a network on the fly very quickly.”
Plenty of companies built extensive networks using LANtastic. In the early ‘90s, the software was so hot that Artisoft released French, German, Italian, Spanish and Japanese versions.
Then came the bad news. Microsoft upgraded its core operating system to include networking capability – a major blow for LANtastic. The P2P software is still available (Artisoft was acquired by SpartaCom in 2000) but it’s not likely to win anymore top honors.
Moral of the story: if you’re a small fry in a market niche that big sharks want to get into, you need a new market.
First Place: IBM AS/400 E Series
Second Place: IBM ES/9000 Model 900
Third Place: NCR System 3000 model 3550
The only surprise here is that IBM didn’t win all three places. And if the vote for top mainframe were held in 2006, Big Blue would be just as dominant.
But winning the vote for best mainframe has lost much of its relevance. “If you took a poll today, the question would change,” notes Gartner’s Feinberg. As every IT manager knows, today’s datacenters are run by servers. IBM remains a top player in a field crowded by HP, Sun, and Dell.
While the mainframes of yesterday were bulky dinosaurs, today a box with far more processing power looks puny by comparison. Says Feinberg, with a laugh: “The $100,000 server has probably got a footprint on the floor that’s two feet by two feet, and it’s probably four feet high.”
For the next installment of “IT Time Travel”: market skepticism prior the release of Windows NT, and the breathless hype that launched the first Pentium chip.
In the dynamic world of cryptocurrencies, the spotlight often shifts between different tokens. Today, we delve into the recent developments of Shiba Inu (SHIB) and Bitcoin (BTC), and introduce an upcoming project, Collateral Network, which is set to disrupt the lending industry with its presale of the $COLT token.Shiba Inu: A Meme Token with Real-World Impact
The Shiba Inu token SHIB is witnessing a high burn rate lately. This could be the push it needs to make it big in the crypto world.
Shiba Inu, often referred to as the “Dogecoin killer,” is a decentralized meme token that grew into a vibrant ecosystem. ShibaSwap, fun tokens, and an Artist Incubator are some of the exciting features of the Shiba Inu project.
In recent months, Shiba Inu has been making headlines for various reasons. The token’s burn rate surged by 60%, while the new Twitter CEO showed interest in the meme coin.
All these facts indicate a bullish momentum for Shiba Inu, with analysts predicting a rally to $0.00000861 in the short term. Moreover, the memecoin could trade as high as $0.0000160 in the following weeks.
However, it’s not all smooth sailing for Shiba Inu. The community recently had to alert its members about new scam methods targeting them. Despite these challenges, Shiba Inu continues to be a token of interest in the crypto market, as suggested by its price prediction.Bitcoin: The Pioneer in Volatile Waters
The king of kings of the crypto world, Bitcoin, is seeing price volatility recently, due to macro events that impact all assets.
Bitcoin, the first and most well-known cryptocurrency, has been the vanguard of the crypto market. It’s a decentralized digital currency without a central bank or single administrator. Bitcoin allows peer-to-peer transactions on the network without intermediaries.
Bitcoin’s recent developments have been a rollercoaster ride. With the Consumer Price Index (CPI) volatility, Bitcoin traders are bracing themselves as the BTC price taps $26,000. This focus on CPI volatility indicates the influence of macroeconomic factors on Bitcoin’s price.
Despite the volatility, Bitcoin remains a significant player in the crypto space. Its resilience and adaptability have allowed it to weather various storms, reinforcing its position as a stable investment.Collateral Network: A New Era of Lending
Collateral Network, an upcoming project in the crypto space, is set to disrupt the traditional lending industry. This Ethereum-based web3 peer-to-peer lending platform is designed to allow users to borrow cryptocurrencies against physical assets on the blockchain.
The Collateral Network platform addresses several problems prevalent in the current lending industry. These include difficulties in obtaining loans for non-traditional assets, outdated pawnbroking practices, limited credit options in certain countries, and the red tape associated with short-term loans.
Collateral Network accepts a wide range of assets as collateral. These include real estate, fine art, vintage cars, gold, fine wines, watches, diamonds, and collectibles. This broad acceptance of assets on Collateral Network opens up opportunities for individuals who have traditionally found it challenging to secure loans against these types of assets.
With an initial starting price of $0.01 and a total supply of 1.4 billion COLT tokens, analysts predict a 3,500% price increase during the presale. The token will surge by 100x when it lists on major exchanges. The team behind Collateral Network is doxxed and KYC audited, and the token smart contract is fully audited, adding to the project’s credibility.Find out more about the Collateral Network presale here:
Guest editorial by Neela Jacques
Is ‘open’ the ‘organic’ of the IT Industry? Or is it the ‘natural’ of the IT industry? What’s the difference? Everything
‘Natural’ in the United States is a vague term completely devoid of meaning. You don’t have to buy different seed, stop using pesticides, or frankly, do anything different.
‘Organic’ is different. It actually stands for something. Use of the term is regulated by the FDA. But it wasn’t always that way. It started first with farmers who decided that there was something that mattered more than the rat race of ever more pesticides. How did they enforce the use of the term? They began to craft guidelines that became rules, then certification organizations sprung up, and finally the FDA stepped in.
I am starting to see we have the same problem in IT these farmers had 20 years ago.
Why do I tell you all this? Because I fear that ‘open’ may get ‘natural-ed’. As with the unenlightened farmers before them, it is far easier for a vendor to market their software as ‘open’ than truly invest in changing the way they do business. Fortunately I am seeing this question being asked over and over again: “Is XY vendor/standard/open source project truly open?” What’s brought this up most recently is the launch of OpFlex and the Group Policy projects in OpenDaylight and Congress project in OpenStack.
First let’s talk about what ‘open’ is not. Open is not merely publishing an API, it’s not submitting your proprietary way of doing things to a standards body, nor is it throwing some code on GitHub. These things aren’t enough.
Open isn’t about fundamentally changing the equation for the end user. What end users of technology are looking for is the ability to select technology from multiple vendors and have it work together. The ability to not be dependent on a single vendor and to switch non-disruptively if a vendor chooses to go in a different direction.
So what is ‘open’? First of all it’s something everyone can see, everyone can access, the community can change and anyone can build on. It’s not easy, it’s hard. Good open source is open. How do you know good open source? Look at the community. If there is diversity, meritocracy and a high level of activity it’s probably ‘open’. Hadoop, MySQL, Linux, and OpenStack all make the grade. Cloud Foundry is getting there; Open vSwitch has really come a long way.
Open source works when some people propose something and others who are not affiliated with the original contributor(s) can change/influence the proposal. Are standards ‘open’? Generally yes, but not always. If someone shows up within a standards body and gets their tech rubber-stamped, that’s not open. A standard is open if others can and do challenge parts of it, make suggestions, make it better and it becomes something that’s broadly embraced.
Beware of the item on your grocery store shelf with a picture of a lovely green field, the word ‘natural’ plastered all over it and an ingredient list that looks like my son’s science experiment. Don’t just take at face value vendors who insist that they’re being ‘open’. Ask them what they are doing to really encourage interoperability, to standardize and reduce duplication of un-differentiated elements of the stack, and to truly participate in open collaboration with others in the industry.
Neela Jacques is Executive Director at OpenDaylight Project
Seedify has successfully launched over 50 IGO projects and has entered the NFT space with an NFT launchpad and marketplace that will attract new members and a new stream of revenue-generating opportunities to its community.
Last year Seedify successfully launched its native NFT token, $SNFTS, via an airdrop which hatched almost 60x (at its all-time high).
In addition, they are now bridging the Metaverse with the recent reveal of its own 10k Steampunked-themed NFT Collection called The Mounts (The Mounts will cost 40 000 SNFTS, and the mint will take place on 03 March 2023, and all funds raised from the sale will be burned).
The Mounts are the genesis vehicles of their User Generated Content (UGC) Metaverse called Seedworld.
Seedworld aims to provide the foundation and tools needed for players to create their own games and experiences, focusing on user-generated content, terraforming tools, and assets provided by Seedify Meta Studios. In addition, it supports game designers by offering a talent marketplace and an academy for educational content. Seedworld also has decentralized governance, where each land is governed by its participants, allowing for multiple layers of decentralized autonomous organizations throughout the platform.
The Mounts will be the first and most crucial companions in Seedworld, acting as Ame- powered vehicles enabling characters to increase cargo storage, travel faster, and some can even fly! There are three types of genesis mounts, each with different perks and utilities:
The Mounts come in five levels of rarity: Common, Rare, Epic, Legendary, and Mythic. In addition, each Mount has unique traits and allocations.
Skyrider is paramount to living in the deserts of the Metaverse. Each one comes with a water tank and the ability to fly.
Skyriders are large, delicate, slow-flying mosquito-like mounts (only 1000x bigger), comparable to a helicopter. They are designed for gathering and transporting water and selling it to other inhabitants of the Metaverse and towns who need access to water.
Deathrunner is the fastest among all of the genesis mounts. It’s a perfect companion for those looking to travel across the Metaverse, explore distant ruins and gather precious treasures at speed. It is a small, fast hound-like mount, comparable to a motorcycle, with low cargo capacity and only a few equipment sockets.
However, it benefits from its small size, as it can enter most caves all over the planet and outrun most enemies and opponents. Deathrunner can also be used as a specialised mount for scouting.
The Mounts will come with pre-metaverse utilities that will be integral for shaping the future of Seedworld:
Seedworld Discord will have gated access for Mount NFT holders, with private rooms and events for networking and discussion about Metaverse, NFTs, web3 gaming, and generative AI.
Mounts can be staked to generate Seedworld currency (Amé) and earn up to 20 000 $SNFTS tokens through their staking mechanisms.
Mount NFT holders can participate in quests with social media tasks, with rewards including raffle tickets for collecting more NFTs.
The community will decide on tasks for building and co-creation, with a mechanism for suggesting new tasks and deciding rewards and milestones through decentralised voting; each Mount acts as one vote in Seedworld’s decision-making process, with other NFTs to be added in the future.
Seedify is stretching boundaries and positioning itself as the pioneer of innovation in the era of the Metaverse. They will continue to reveal more story parts within the collection, with new concepts and exciting utilities to enhance the value of their tokens to their communities.
Please refer to this article for more information on how to participate in the upcoming sale on 03 March 2023, and follow @SeedifyFund on Twitter for the latest announcements.
To learn more about Seedify, please refer to the following links:
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