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– TIMESTAMPS –
2:09 What Is Decentralization?
4:33 How Centralized Is The Internet?
10:58 Data Barrons Are Putting Lives At Risk
12:42 How Can Decentralization Help?
17:00 Decentralization & Money
20:14 Supply Chains & Decentralization
22:25 Decentralization & ID
📺 Recommended Videos 📺
► Filecoin Review: https://www.youtube.com/watch?v=I_g6PPWG5P0&t
► Supply Chains & Blockchains: https://www.youtube.com/watch?v=2RFxO52Go0M&t
► Decentralized ID: https://www.youtube.com/watch?v=MLCoLeDiEow&t
⛓️ 🔗 Useful Links 🔗 ⛓️
► What is decentralization: https://aws.amazon.com/blockchain/decentralization-in-blockchain/
► HSBC blocks crypto transfers: https://currency.com/hsbc-blocks-cryptocurrency-transfers
► How does the internet work: https://www.bbc.co.uk/bitesize/topics/z7wtb9q/articles/z3tbgk7
► Internet disruption Feb 2017: https://money.cnn.com/2017/02/28/technology/amazon-web-services-outages/?iid=EL
► Cloudflare DNS goes down: https://money.cnn.com/2017/02/28/technology/amazon-web-services-outages/?iid=EL
► Equifax data breach: https://www.bbc.co.uk/news/business-41192163
► Whatsapp debacle: https://www.theguardian.com/technology/2021/jan/24/is-it-time-to-leave-whatsapp-and-is-signal-the-answer
► Facebook outs night time workers: https://gizmodo.com/how-facebook-outs-sex-workers-1818861596
► What is Web3? https://decrypt.co/resources/what-is-web-3
► Egypt cut off internet: https://www.aljazeera.com/features/2016/1/25/arab-spring-anniversary-when-egypt-cut-the-internet
► Myanmar cuts off internet: https://www.cityam.com/myanmar-cuts-off-internet-amid-anti-coup-protests/
► Twitter’s decentralized future: https://techcrunch.com/2021/01/15/twitters-vision-of-decentralization-could-also-be-the-far-rights-internet-endgame/
► China’s tech giants help CCP spy: https://www.wsj.com/articles/chinas-tech-giants-have-a-second-job-helping-the-government-see-everything-1512056284
► Hong Kong protests: https://www.cashmatters.org/blog/the-role-of-cash-as-hong-kong-protests-chinas-extradition-bill/
► Adult site accepts crypto: https://www.coindesk.com/pornhub-now-accepts-payment-in-the-form-of-xrp-doge-bnb-and-usdc
► Blockchain & supply chains: https://hbr.org/2020/05/building-a-transparent-supply-chain
❓ What Is Decentralization? ❓
In a nutshell, it is the transfer of control and decision making from a centralized entity (an individual, organization, government or company) to a distributed network. One of the most famous examples of that is BTC.
The problem with centralization is that banks like HSBC can just decide to ban crypto transactions – not very fair given that it’s your money. IF that banking network was decentralized, all that would be impossible.
🌐 How Centralized Is The Internet? 🌐
Here’s the truth; every website you see online is actually hosted on a server. The bad news is that this creates a single point of failure and you have to ask yourself who owns those servers. That would be tech giants like Amazon and Alibaba.
In the past, internet outages were entirely due to problems at the likes of Amazon. I go into more of these centralization problems in the vid!
🕴️ Data Barrons Are Putting Lives At Risk 🕴️
The truth is that data barons are collecting and processing a ton of our data. That can be seen in FB’s ‘People You May know’ feature. This has exposed the real identities of people like night time workers and that leads to very real security concerns.
📡 How Can Decentralization Help? 📡
By making it immensely difficult for any single entity to gain control. Decentralized systems allow users to immediately verify and trust them. That means that one person or company cannot play god.
I get into the nitty gritty about this topic in the video!
💰 Decentralization & Money 💰
The likes of Visa and Mastercard actually deny service to certain businesses. Watch to learn about that problem!
🛥️ Decentralization In Supply Chains & ID 🛥️
These are super interesting topics. Recommend you watch to get the full lowdown!
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#decentralization #blockchain #crypto #bitcoin #filecoin
My 4 Easy Steps to Massive Wealth Building
A not so popular millionaire when told me the complying with words … “money is just an idea. people who do not have money just lack ideas.” In the beginning I simply assumed it was a great and also appealing expression. However, over time I have actually involved recognize how true this is. In my spending profession I surprised at how numerous various methods there are to generate income. I am likewise surprised at exactly how little the average individual finds out about spending.Trading Data to Action – An Intelligent Way to Read the Market
Jesse Livermore once specified, “There is only one side of the marketplace and it is not the bull side or the bear side, but the best side.” Reviewing the tape can be broken down right into certain items that if adhered to can increase the chances and possibilities of success. The choices that are made trading are the same kind of decisions that are made in service as well as in day-to-day life. The act of taking a look at the marketplace can be overwhelming if not taken in chunks. Bring into play the work performed in Business Intelligence, the actions for breaking down the market are as follows. Take a look at the information, determine what the data is revealing gives info, draw understandings from that information; make educated choices, and also then put those decisions into action. Seems simple. Let’s take a look at each one more very closely.Creating Wealth for Your Kids
Creating riches for youngsters starts with a moms and dad’s perspective to riches and wealth production. If a parent has no worth on riches production chances are their kids will certainly not either. Where a parent has a high worth on wealth production chances are their children will additionally learn these very same attitudes to money. Wide range is not an enigma it is achieved through attentive application of some basic principles as well as processes.Being an Entrepreneur in 2011 – Why Is It So Different, Or Is It?
To me, entrepreneurship is a lot greater than a broad meaning. It has several elements that associate in order to reach one goal. Entrepreneurs discover means of creating money in various ways, by not only including common methods of doing things, however also integrating unique methods, methods frequently referred to as “believing outside the box.”Tax Lien Investing 101: The 4 Things You Need To Know
There are 4 things that you need to understand about the state/county that you are purchasing before you acquire a tax lien. Those 4 points are …