🚨Unfiltered Crypto Insights 25th July 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST
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Blockchain DXB & Society X Live Session

Topic: Double Spending + Pillars of Open Blockchain + Blockchain Trillema and its Implications, followed by a Weekly Cryptocurrency and Blockchain World recap.

Speakers: George (RA George) and Markose Chentittha

Date & Time: [Date], 10:00 am GST

- Understanding Double Spending:

• Definition and implications in digital currencies.

• How Satoshi Nakamoto addressed double spending using cryptography, hashing algorithms, and mathematics.

Innovations by Satoshi Nakamoto:

• Did Satoshi invent new technology or build on existing concepts?

Double Spending in Various Systems:

• Potential for double spending in permissioned blockchains, CBDCs, and stablecoins.

• The ability to freeze accounts and its impact on security.

Pillars of Open Blockchain:

• Open-source: Accessibility of the code and whether centralized entities like Facebook and Twitter can adopt open-source practices.

• Dangers of open-source: Security and terrorism threats, geolocation issues, and code amendments.

Permissionless Systems:

• Lack of KYC/AML and opting for these measures.

• Tokenization and borderless nature compared to restricted systems like CBDCs and permissioned blockchains.

Censorship Resistance:

• Can miners censor transactions?

• The process of validating transactions and the implications for privacy.

Neutrality and Comparisons:

• The value of neutrality in countries like India, UAE, and Zimbabwe.

• Comparisons with banking: Longer processes, extra KYC, additional fees, and documentation.

Public Verification:

• The potential for CBDCs to offer public verifiability, but concerns over manipulation.

Blockchain Trilemma:

• Balancing scalability, decentralization, and security.

Ethereum Spot Trading Goes Live:

• Current downturn in the crypto market.

• Recent large-scale transactions by Mt Gox and Grayscale and their market impact.

• Speculations about buying Solana.

Stablecoin Developments:

• New stablecoins pegged to the Hong Kong dollar and South African Rand.

• Anticipation of UAE's AED-backed stablecoins.

• Discussion on whether stablecoins are superior to fiat currencies.

Crypto Market Insights:

• DeFi spike in the UAE.

• Stablecoin volumes were showing improvement but are still below 2020 levels.

• Consistent trends from DEX to CEX.

Decentralized Apps (DApps):

• Metrics for evaluation: $$$ value versus wallet interactions.

• Comparisons with platforms like Tinder, Instagram, and Messenger in terms of ad revenue.

Society X Updates:

**Blockchain DXB Updates: - **

• Upcoming podcast episode on Payment Token Regulations.