The Central Hub Of The Markethive Economy – The Wallet

What Does The Wallet Do? 
What Does It Mean For You? 

 

The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc. 

Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard. 

We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.

Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. 

Markethive Pay Transaction Example

 

Your Very Own Merchant Account

The Markethive platform is massive, and it lends itself to the cottage industry concept allowing members to monetize the various initiatives within Markethive. It also allows you as an entrepreneur and business owner to facilitate and promote every aspect of your business, including eCommerce payments, right from your business Storefront in Markethive. 

In other words, you will have a personal Merchant Account that you can plug in to your WordPress or Storefront group through Markethive. You will be able to utilize your chosen wallet address for payments relating to your business, and it will keep track of everything for you. You will not have to rely on APIs and third parties that can shut you down at a whim because you don’t go along with their agenda. 

 

The Functionality Of The Wallet

The wallet is not just a wallet to send coins out from Markethive to an exchange. It will house the functioning and tracking of the ILPs, your transactions, subscriptions, statements, payments, and the Vault. The Vault is home for your Markethive Credits, likened to a stable coin. 

You can fund your vault with Markethive Credits via various cryptocurrencies, Bitcoin, Ethereum, Litecoin, Hivecoin, Credit/debit cards, and a payment processor new to Markethive, wise.com. Due to the adversarial nature of PayPal, the processor will not be available. More updates will come as we finalize all the moving parts of this comprehensive mechanism.

With the tightening of crypto regulations by the unforgiving, anti-business sentiment of the US government, it is in everyone’s best interest to stake Markethive Credits instead of Hivecoin. If we were to stake HVC, the regulations require Markethive to report monthly all individuals' staked earnings. This would be a tedious, expensive exercise and not one any of us as a community or individual would want. 

As Markethive Credits are not classed as crypto, it sidesteps these regulations and allows us to accumulate Hivecoin passively. Utilizing the Vault by having an ongoing threshold balance of Markethive Credits is a form of staking. In other words, keeping any amount in the Vault above your monthly commitments (e.g., subscriptions) that are automatically debited from your vault generates interest. 

The higher the threshold balance, the more interest you receive, and it also increases your Hive Ranking, which also increases your interest. You cannot trade or sell your Markethive Credits; they are for purchasing services within Markethive, so the vault can be considered a debit card. 

Equally, it can be used as a bank account, except the interest received from banking your funds in the Vault would be considerably more than a regular bank account. With interest being paid to you in Hivecoin, it also has increased worth as the price of the coin rises. 

Markethive Wallet Example

 

Markethive’s Coin-Only Exchange 

Markethive is also in the process of setting up an offshore corporation to be able to facilitate a coin-only exchange wholly owned by Markethive, similar to Yobit. 

Why is it important to have our own exchange system?

Markethive has a tremendous amount of activity with its coin through its members, so the way to document that for other exchanges to view the millions of transactions is to have our own exchange. This makes it conducive for other coin-to-fiat exchanges to have Markethive on board and allow trading (buy/sell), invoking pre-eminence and increased market value. 

Markethive is not just building a non-purposeful meme coin like Doge or Shiba, nor are we creating a simple exchange. It’s a comprehensive, dynamic platform that will serve humanity on every level imaginable, helping us through these difficult times and into the light where our personal sovereignty will rise in harmony and abundance in the collective.

 

Benefits Of A Reduced Total Coin Supply 

Along with the integration to the Solano Blockchain, Markethive will drastically reduce the total supply of Hivecoin into the low millions (actual amount to be advised). This means the price potential for HVC, through supply and demand, will increase a hundredfold+ and benefit you as a Hivecoin holder.

Think of Bitcoin's total Market supply of only 21 million coins as opposed to the other altcoins with a supply into the trillions. (less supply, more demand, market price increases.)

It will also make Hivecoin kinetic and benefit you when building your business within Markethive with all the tools and services you and others need all transacted with Hivecoin. The implementation of a gamified system will draw people in, which in turn broadens your sphere of influence as you use the system. 

As this activity takes place, it expands the usage, awareness, and adoption of Markethive services, which then drives up the demand for the coin. It creates an alternative economy, a complete ecosystem for entrepreneurs of every caliber making a living online. It makes Hivecoin legitimate as it has purpose and utility, unlike so many other tokens out there that have very little to no purpose and a total supply into the billions and trillions.

 

 

Entrepreneur One Upgrades First Access. Automatic KYC

The Entrepreneur One members will be the first to receive access to the wallet. KYC (Know Your Customer) will also be implemented for all members. Notably, if you register a credit card within Markethive, you will automatically be KYC level two. Uploading your passport or driver's license and utility bill will be classed as KYC level one.    

What this means for you when building your business is that the people you are dealing with in Markethive are verified and legitimate. They are who they say they are, and your level of engagement will be much better and more genuine than on any other social network. 

It’s important to understand that the Entrepreneur One Upgrade will no longer be available upon release of the wallet. Existing, current E1 members will continue to enjoy the benefits of the upgrade, including receiving a 1/10th ILP for every year their subscription is active for up to ten years. The benefits are explained further in this article.  

 

The Premium Upgrade will also launch once the wallet is released, with many benefits for Markethive members. It increases your earning potential and allows you to monetize the initiatives Markethive has implemented. Click here to preview the features of the Premium Upgrade.

There's still time to upgrade to Entrepreneur One and be privy to the complete Markethive system that can be described as a cottage industry with money machines that champions everything else out there. You will be one of Markethive's early adopters and have a rare opportunity to cement your future of self-sovereignty. 

How can you forge your future as an Entrepreneur and get your share of ILPs with the Entrepreneur One Loyalty Program? 

By clicking on the Membership Upgrade tab on the main menu of the home page and following the prompts.

The precarious state the world is in provides us with the opportunity to take advantage of emerging technology to “unhook” from the global majority and its nefarious, corrupt systems.

Markethive truly wants everyone to succeed and have a sustainable business that’s making you a sustained income from anywhere in the world. That’s the Markethive promise, the vision, and what we’re building. 

Be with us at the Sunday meetings at 10 am Mountain time to learn more and stay updated with the latest Markethive news. You’ll find the link to the meeting room in the Markethive calendar.

God Bless you all with Light and Love. 

 

Also published @ BeforeIt’sNews.com https://beforeitsnews.com/promotional/2022/04/the-central-hub-of-the-markethive-economy-the-wallet-3033.html

A Step In The Right Direction For The Crypto Industry

The narrative around BTC is constantly changing. First, BTC was seen as a risk-on asset correlated to the stock market. Then BTC was seen as an inflation hedge similar to gold. Now we’re seeing the narrative of BTC as uncensorable money emerge. So which one is it? Or could it be all three?

This week, we saw that long-awaited Executive Order finally issued. This had many people on the edge of their seats about what could be included, especially in the context of what was happening at the time, such as the Russian sanctions.
 
However, thanks to an initial leak of a statement from the Treasury, we got a glimpse into the tone it would be taking. An executive order would attempt to foster innovation in the space while maintaining investor protection.
 
When it was finally issued the day after, many in the space not only breathed a sigh of relief but were also pleasantly surprised. That’s because the tone set the previous day by Janet Yellen’s leaked press release was carried through with the Executive Order.
 
While there were still concerns about crypto being used for illicit purposes without sufficient oversight, Biden did say the rise of cryptocurrencies was “an opportunity to reinforce American leadership in the global financial system and at the technological frontier.”
 
There was quite a bit to cover in the EO, but here are some of the essential points:
 

• No Bans or Regulations: Contrary to the FUD, there were no bans or knee-jerk reactions to curtail crypto use and adoption. The EO was specific in that more research was required to craft regulations better. Like regulations that could still foster innovation, as well as protect investors.

 

• No new government bodies: Something else that was rumored to be in the works was a specific agency that would craft crypto legislation. This does not appear to be the case. However, there was a directive for federal agencies, such as the Federal Trade Commission, the SEC, and the CFTC, to coordinate their efforts concerning their oversight of the crypto industry.

 

• Research & Development on CBDCs: The EO stated that research on a US CBDC is encouraged with “the highest urgency.” This was on the back of the acknowledgment that over 100 other countries are already looking into CBDCs. More specifically, the EO will ask the Fed and any other relevant agencies or departments within the federal government to look at the possible risks of a CBDC and the potential benefits.

 

As Kristin Smith of the Blockchain association said in a recent post, this is a major milestone for the industry in the United States. 

“If you are bullish on the long-term possibilities for cryptocurrencies to transform many of the foundational services of our lives, then this recognition by the federal government of crypto's fundamental importance can only be viewed as an affirmation of that position.” 

Kristen goes on to say that the crypto industry welcomes open dialogue. The debate is no longer whether crypto will survive; the discussion has shifted to encouraging responsible innovation and how the United States can maintain a leadership position in this innovation.

Kristin Smith is the executive director of the Blockchain Association, the Washington D.C.-based trade association representing the most prominent and reputable organizations in the crypto industry. 

In the video, she talks with Coindesk about the outcome of the EO. 

What is significant about this Executive Order is that it shows how the attitude and thinking have evolved within the administration. Biden has not been the most pro-crypto individual in the White House by any flight of fancy. Still, even he now realizes the importance of crypto innovation is revealing.

Not so long ago, policymakers typically viewed crypto with confusion, disdain, or apathy. Last year, Congress tried to quietly slip misguided Internal Revenue Service requirements on crypto entities into a bill as a pay-for provision to raise cash for the infrastructure bill. Now, the president of the United States is publicly saying that the federal government must do its due diligence before moving forward with new regulations.
 
Jerry Brito of CoinCenter also said that the Executive Order shows that the Federal government recognizes cryptocurrency as a “legitimate, serious, and important part of the economy and society, and I think it’s a good signal to serious people who’ve been holding back from getting involved.”

Image source: Twitter
 
 

It’s in no small part thanks to individuals like Kristin and Jerry and their organizations who have been standing up for the industry in Washington. From the big battles over the infrastructure bill provision last year to this relatively positive Executive Order.
 
There are, of course, also those pro-crypto politicians who have been standing up for the industry since last year. These include the likes of Tom Emmer, Pat Toomey, and Cynthia Lummis, to name but a few.
 
While this is a victory for the crypto industry, there is still work to be done. There are still anti-crypto zealots who seek to hinder the industry’s progress, and there are still countries that have yet to appreciate this technology's value. 

The recent historical events exposed to the mainstream, such as Canada’s tyrannical move to block payments and withhold bank accounts of the people fighting for their rights and crypto donations to war-torn Ukraine, show the world that crypto has a real purpose and really is unstoppable.

 

One More Positive Outcome For Crypto

Meanwhile, in other parts of the world, it was reported that the EU Parliament committee voted against a ban on the Proof-of-Work mechanism underlying popular cryptocurrencies like Bitcoin. 

A proposal put forward by the EU’s Economic Monetary Affairs Committee failed to win approval that would have effectively banned the mining and transactions of energy-intensive cryptocurrencies such as Bitcoin. 

The topic of crypto energy consumption has been a controversial and spirited debate, especially with the growing demand for Bitcoin and other cryptos in this ever-expanding sector. As cited in this report, the crypto industry adopted the move to renewable energy and will continue to do so. Bitcoin will become 100% renewable when all other sectors become 100% renewable. 

Some would argue there seems to be no credence to this proposal other than an anti-crypto sentiment by those who voted for it. (Pictured below) A final tally of the committee’s voting showed the proposed clause was defeated with 23 votes in favor, 30 against, and six abstentions.

Image source: Twitter 

“Bitcoin won that vote,” said Michael Saylor, chief executive of software company MicroStrategy, during a Monday webinar hosted by the Economic Club of New York. “You need energy to create real property.”

Markus Ferber, a lawmaker and the spokesman for the  Europe People’s Party (EPP) in the committee, said the failed proposal sent a “clear signal” that the EU wishes to support the crypto industry as it grows.

Ferber explained, 

“Banning ‘proof of work’ would have meant for the EU to become crypto no man’s land,”  If we want to foster innovation, we should be open to new technologies, not banning them.”

Image source: europarl.europa.eu  

“Let It Be” For The Sake Of Humanity

In the 1990s, a novel technology called the internet was catching on and growing fast, so regulators suddenly had to grapple with how to address it. Ultimately, Congress passed legislation that provided clear rules and necessary protections.

The move gave technology companies the breathing room to create better products, and the evolution of the various systems in technology is something we’ve never seen before. If Congress considers the same for crypto as it did for the internet, then we could see a similar explosion of innovation.

That innovation could have a positive impact on communities. Crypto technology has the power to provide financial services to the unbanked and underbanked, give individuals control over their finances, make data storage secure, private, and autonomous. It can create sovereign ecosystems to uphold freedom, liberty, and financial sovereignty for all the right reasons.

 

 

Also published @ BeforeIt’sNews.com https://beforeitsnews.com/economics-and-politics/2022/03/a-step-in-the-right-direction-for-the-crypto-industry-2529448.html

 

Time To Move Out From Under The Oppressive Overreach Of Bureaucrats and Technocrats

They can be outsmarted. Good will always reign over evil, just like light cancels out the darkness. 

If you consider yourself a sovereign being created and given life by a Universal Divine Consciousness, our God of perfect love, then you would be moved by the rallies and protests happening worldwide. Standing up for their rights and freedoms that have been brutally stripped away, with ongoing mandates and enforcements that have people living in fear of the pandemic narrative. 

We have been living under this medical tyranny for two years now, and people are increasingly waking up to the real reasons behind this pandemic that has been in the planning phase for decades. If lockdowns, forced jabs, masks, and job losses due to mandates weren’t enough, the authorities now are trying to control the protests by freezing the protesters’ bank accounts, along with the people that donated to the cause. 

Image Source: Telegram

Global Freedom Rallies Targeted

The truckers rally or Freedom Convoy in Canada was the protest to start all protests globally. In late January,  the organizers of the trucker protest started a GoFundMe page to crowdfund everything the truckers would need. After raising $10 million, GoFundMe pulled the page under pressure from Canadian politicians.
 
When the GoFundMe page was taken down, another crowdfunding website called GiveSendGo set up a few campaigns for the truckers, vowing not to bow to any political pressure. After raising almost another $10 million, Canadian courts issued an order to block payments from the platform.
 
Around this time, a crypto crowdfunding website called Tallycoin started accepting BTC donations on behalf of the truckers. It raised nearly $1 million, which included contributions from high profile people in the crypto community such as Kraken CEO Jesse Powell who sent a whole Bitcoin, and Elon Musk tweeting “Canadian truckers rule.”

 

Crypto Community Outraged

However, it came as a shock to the crypto community when an Ontario Supreme Court Justice ordered to freeze all digital assets and bank accounts associated with the Freedom Convoy. Under Prime Minister Trudeau’s authoritarian orders, the RCMP blocklisted 34 cryptocurrency wallets. 

Brought about by invoking the Emergencies Act and amending it to include crowdfunding platforms and the service providers they use. Deputy Prime Minister and Finance Minister Chrystia Freeland announced,

“We are broadening the scope of Canada’s anti-money laundering and terrorist financing rules so that they cover crowdfunding platforms and the payments service providers they use. These changes cover all forms of transactions––including digital assets such as cryptocurrencies… As of today, a bank or other financial service provider will be able to immediately freeze or suspend an account without a court order.”

As mentioned in this report, it demanded that all FINTRAC regulated companies in Canada cease transacting with these wallets that affected over 25 BTC, worth approximately $1.4 million. However, the report stated that, while the police are eager to freeze any funds related to the Freedom Convoy, in all likelihood, this digital cash is far beyond the reach of the Government of Canada.

That may be the case for self-hosted or private wallets; however, centralized 3rd party wallets are at risk from a self-serving, overreaching authoritarian government with little regard for people and their civil liberties.

Upon hearing the news, Jesse Powell retaliated by tweeting,

Image Source: Twitter

Jesse was then asked if it concerned him that speaking his mind on Twitter could harm Krakenfx? If yes, then what does that say about America?

Jesse replied, 

“Yes. There's the risk of government retaliation. I'm less worried about the US government because US residents are heavily armed. You will never see widespread pet confiscation in the US, for example. I stand for human rights and believe that evil prevails when good men do nothing.”

When faced with the possibility that Kraken would be put in a position where they were ordered to freeze assets without judicial consent, Jesse replied that they would be forced to comply and could not protect you. He recommended not to keep funds in a centralized, regulated custodian wallet and to get your coins and cash out and only trade peer to peer.  

Image Source: Twitter
 
 

The Ontario Superior Court of Justice sent a Mareva Injunction, ordering Nunchuk (a multisig wallet) to freeze and disclose information about the assets involved in the Freedom Convoy.  Here is Nunchuk’s official response;

Image source: Twitter

“Nice one Nunchuck!” 🙂

 

What Is Happening In The US?

On the US front, Congressman Warren Davidson has introduced the “Keep Your Coins” bill in the House of Representatives to protect individuals’ self-custodied crypto wallets from United States government agency control. The introduction comes just a day after the Canadian government invoked the Emergencies Act.

Congressman Davidson has been working on the bill since 2016 and has the support of crypto colleagues such as Cynthia Lummis. However, he says that he finds it unbelievable that Congress won’t unite to end the unjust, immoral, and unconstitutional practice of civil asset forfeiture, calling it government theft. 

Image source: Twitter

As stated in an article by the CATO Institute, Many Americans may not realize it, but the same principles that make this attack on Canadians’ financial freedom possible are ingrained in U.S. law. Specifically, they are featured in both the Bank Secrecy Act and the ever-expanding use of the third-party doctrine. 

Holding cryptocurrency in a “self-hosted” wallet is the digital equivalent of holding physical cash in a traditional wallet. It gives the owner complete control over what’s contained inside it and the extent that they want to maintain their privacy. The same cannot be said of cryptocurrencies held in wallets or accounts maintained by third parties because, in the eyes of the federal government, relying on such third parties effectively waives an individual’s right to financial privacy.

So, it seems that financial censorship is a powerful force and even though crypto itself is uncensorable, the infrastructure used to interact with it is not. It means that it’s more important than ever for the cryptocurrency industry to create its own financial infrastructure. 

What happened in Canada is a warning for why money needs to be money, and under complete control of the sovereign individual. Not an instrument of surveillance or an attempt to censor the public where a governmental Emergency Act can be changed on a whim to suit the dictators. 

 

"We The People" Will Win In The End

Due to the fascism of governments the world is experiencing and the recent events, Markethive will have its own merchant account with its exchange to ensure complete privacy and anonymity. It also eliminates the threat of having your account closed or confiscated by authorities who feel the need to censor you and withdraw your liberties for whatever reason. 

Image source: Markethive

Markethive is building a fortress of an ecosystem to propagate the earth completely free from tyrannical forces and oppressors. This is a place for social interaction, with a sense of belonging, free from censorship and bias. It is a place to facilitate businesses with Storefronts and eCommerce, marketing, and broadcasting to disseminate your uncensored messages worldwide. 

Markethive is a home for all commercial artists where their creative content can reach billions and accumulate followers. There's so much more to Markethive, including the ability to earn an income just by using the platform. A sovereign income that cannot be touched by the evil forces upon us.  

As you may be aware, centralized servers can and do withdraw their internet access to any company or individual that doesn’t maintain their narrative. Markethive is perpetually working on a solution to bypass the centralized entities with a blockchain-driven distributed database capable of minting cryptocurrency, thereby creating an ecosystem for the community.

Empowering users with their own data and ways to earn crypto with applications built upon decentralized data networks increases trust between the individual and the platform. Blockchain technology is the underlying infrastructure of cryptocurrencies and distributed data systems, and the technology makes it possible to achieve a sovereign and autonomous environment and decentralized identity.

With its Maiar Wallet headed by Lucian Todea, the Elrond Blockchain Network is also ahead of the curve, committed to bringing a new wave of applications focusing on empowering privacy and agency by default for every individual. Maiar and Elrond stand as foundational layers to accelerate the transition and be an active part of the solution. 

Image Source: Twitter 

 

We Are In God’s Terrain Now

Both Elrond, as an internet-scale Blockchain and Markethive, the blockchain-driven social media, market, and broadcasting network, is concerned for those who suffer the economic and social harms from leaked data and lack of ownership of proprietary content. Plus, now the threat of having your livelihood confiscated (more to the point, stolen) by the so-called powers of illegitimate, marionette governments and the elites that pull their strings. 

This is a spiritual war between good and evil and affects everyone on the planet. By the power of the collective, universal consciousness, people are now seeing the evil in the world. Markethive is God’s terrain and built with Divine inspiration and guidance for the awakened who seek refuge from the tyranny of the oligarchs and technocracy. Markethive is an end-times project. 

 

 

 

A Critical Report On Bitcoin Mining And Its Carbon Footprint

Finally, FACTS That Counter The FUD

Cryptocurrency is more popular than ever as the mainstream populace realizes its potential as a new monetary system, especially in light of hyperinflation in our legacy financial system. The control that the “powers that be” already have over our sovereignty and the introduction of Central Bank CBDCs will only result in a more oppressive regime for sovereign citizens. 

There are factions of people intent on discrediting crypto to minimize adoption, particularly Bitcoin or any Proof of Work protocol that relies on mining. Their primary focus is on damage to the climate due to fossil fuel emissions, even though the statistics for their claims have been negligible and inconclusive at best. 

China’s recent ban of all crypto-mining is purported to be for the concern of excess carbon emissions. Arguably, the real reason for the ban was to push the Yuan CBDC already in circulation. Central Bank Digital Currencies are not a cryptocurrency but a financial system to exercise total control of its people. This ties in with China’s Social Credit System and publicized scoreboard pictured below.

Image Source: Reddit 

 

Bitcoin Mining Report To End All FUD

The highly reputable firm, Coinshares, has published a recent report to counter this argument of concern ramped up last year, under the guise of ESG. The report illustrates how much of an effect Bitcoin mining has on the climate relative to other industries, including printing fiat currency, and what it means for Bitcoin. 

Bitcoin Mining report begins with a brief history of the concerns about the energy used by Bitcoin mining. This includes a famous response from Bitcoin creator Satoshi Nakamoto, who already dealt with energy critics way back in 2010.

“The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used, therefore not having Bitcoin would be the net waste.”

The authors of the report agree with Satoshi because the economic incentive to spend caused by the constant inflation of fiat is wasting a lot more energy than Bitcoin mining and destroying the environment. 

The report also points out that concerns about Bitcoin mining are recurring subjects that tend to get resurrected in full force with each successive market cycle. In other words, when Bitcoin is on the rise and sensationalist commentators have not been shy about offering their (often poorly supported) opinions. However, many Bitcoin-fluent commentators have conveyed retorts to the contrary. 

The authors also mentioned that they would be open-sourcing the model and the data they used. So that crypto critics and supporters alike can play around to see what it says about Bitcoin mining. 

The second part of the Bitcoin mining report lays out the methodology the authors used to measure the carbon emissions created by Bitcoin mining. They start by making an essential point that “Bitcoin, like electric cars, is as green as the electricity you feed it, meaning that in a 100% renewable energy environment, Bitcoin would be 100% renewables driven.” 

The report then breaks down the three components in their methodology. These are; calculating network efficiency, carbon emissions, and a variety of assumptions in terms of network efficiency.

The authors then estimated the total energy use by looking at the total Bitcoin Blockchain hash rate. When calculating carbon emissions, they looked at the different regions where Bitcoin miners are based and how those regions get their power logically. If a territory is getting 100% of its power from fossil fuels, it's safe to assume that any Bitcoin mining operations in that region use those same energy sources. 

One of the most important results is Bitcoin's total energy use, a highly sought-after statistic by interest on both sides of the debate. It quotes that

“The Bitcoin mining Network uses approximately 0.05% of the total energy consumed globally. This strikes us as a small cost for a global monetary system, and on the global energy balance sheet, it amounts to a rounding error.”

The report unpacks how Bitcoins energy use is distributed across different regions, with the United States leading in crypto mining, since the China ban. Currently, it accounts for the most significant slice of the energy pie at around 42%. Kazakhstan comes in second place at 22%, and Canada is third with 11.5%. After crunching the numbers, the authors also found that China currently generates about 7% of Bitcoin’s hash rate, despite the country's crypto ban. 

 

Source: Cryptonews.com

Carbon Emissions

Another set of results relates to the carbon emissions associated with Bitcoin mining, and it starts with the statistic that made crypto news headlines. According to the author's analysis, the carbon emissions related to Bitcoin mining account for “less than 0.08% or less than 1/1000th of the global total.”  

To put things into context, this is only around 4X more than the carbon emitted to just create fiat currencies. It's less than a third of the carbon emitted by the gold industry, almost less than a third of the carbon emitted by the global banking system, and slightly less than the carbon emissions of dryers each year. 

Source: CoinShares Research (Jan 2022)

Now, these comparisons are in stark contrast to the comparisons you see in clickbait headlines about crypto mining and the climate. Coin Bureau explains the FUD and false claims that crypto is bad for the environment in the video below. 

 

Carbon Emissions On The Decline

The report indicates the decline in carbon emissions will be more aggressive in the Bitcoin mining industry due to the mobility of miners and their incentive to seek out the cheapest energy sources, which are almost always renewable. It allows miners to take advantage of cheap, newly constructed renewable energy generation faster than other industries.

“As of December 2021, we estimate the relative contributions of coal, gas, hydro, nuclear, and wind at 35%, 24%, 21%, 11%, and 4%, respectively. The remaining generation of 5% is a mixture of small amounts of oil, solar and other renewables, mainly geothermal.” 

This means that more than 1/3 of Bitcoin's energy comes from renewable energy sources. 

Image Source: FreePik

 

The US currently dominates the global Bitcoin hashrate, and in places like North Dakota, mining is solving flare gas emissions. In Wyoming, they focus on wind farms as an abundant renewable energy source. Solar panels are a prolific innovation to homes that reward homeowners and supplement veterans’ incomes.

As cited in the Bitcoin Mining Report, they expect Bitcoin miners to start consuming large amounts of wasted flare gas. If this becomes a large enough share of the mining energy input, the mining network could become carbon negative.

The authors point out that the best way to minimize Bitcoin mining emissions is for western governments to create a policy that attracts them to regions that use more renewable energy. Outright banning Bitcoin mining, punitive taxation, or oppressive regulation would just result in mining operations relocating to areas that use fossil fuels as their primary energy source. 

The only reason why Bitcoin miners are in those regions right now is that the governments provide massive subsidies to fossil fuel companies, which makes dirty energy artificially cheaper than clean energy. While western countries are not entirely free from fossil-fuel subsidies, they are much smaller than in countries such as China, Kazakhstan, and Iran, where coal, oil, and gas are all heavily subsidized by the state.

 

Image Source: TextileLearner.net

Carbon Credits For Bitcoin??

The authors then pivot to an interesting possibility of whether it would be financially feasible to offset bitcoin’s existing carbon emissions through the purchase of carbon credits. Carbon credits are essentially certificates given to companies by government authorities when they do something green, such as adding a solar panel to their facilities. 

Furthermore, the holders of the carbon credits can be traded. They're often purchased by companies that produce emissions to avoid emission sanctions, as one carbon credit gives its holder the right to emit one ton of carbon dioxide. Interestingly, Tesla makes most of its money from selling carbon credits it receives. 

Ironically, Tesla banned Bitcoin from being used to purchase its cars for being classed as environmentally unfriendly by erroneous sources, which up till now was speculative and arguably fear-mongering and profiteering. Think Al Gore.

Carbon credits are an interesting idea; however, the authors calculated and determined that the carbon output of Bitcoin mining could be offset at the cost of USD 200 per BTC. This works out to less than ½% of Bitcoin mining revenue, assuming an average price of $42K per Bitcoin. 

As stated in the report, 

Another interesting takeaway from the emissions figures is that they can be used to calculate the carbon offsetting cost of holding one bitcoin for one year. Assuming the cost of emissions is shared equally among all holders of bitcoin, at 18.9 million bitcoin outstanding, each bitcoin would require offsetting 2.2 tonnes of CO2 per year, or roughly the same as one return flight on Business class between New York to Tokyo.

 

Image Source: CoinShares.com

 

Report Wrap Up

The authors of The Bitcoin Mining Report conclude by emphatically stating,

In the grand scheme of things, the carbon emissions emitted by electricity providers supplying the Bitcoin mining network are inconsequential. At 0.08 % of global CO2e emissions, removing the entire mining network from global demand—and thereby depriving hundreds of millions of people of their only hope for a fair and accessible form of money—would not amount to anything more than a rounding error. 

They say that to provide its combined services of open peer-to-peer, objective, censorship-resistant, and trust minimized participation in a global monetary network, Bitcoin strictly requires a non-zero amount of input energy in perpetuity. The future magnitude of this requirement is unknown. In other words, the authors acknowledge that the energy needed to maintain the Bitcoin blockchain will continue to increase indefinitely until the last Bitcoin is mined. 

The authors also note that Bitcoin’s future energy use is irrelevant because almost every other industry will require more energy in the future as well. What's important is that this energy use doesn't involve any fossil fuels, to which the authors say, “Bitcoin will be 100% renewable, as soon as our electricity generation is 100% renewable.”

Currently, the vast majority of energy is used for mining new coins, but mining is programmatically preset to decay to zero over the next 100 years geometrically. Already by the decade of 2040, more than 99% of all bitcoins will have been mined. Once mining is effectively over, the vast majority of the energy requirement will result directly from market demand for Bitcoin transaction settlement through transaction fees offered to miners by consumers. 

They then conclude the report with,

“Our focus should be on building out renewable power generation, not on stifling the development of monetary technology. When analyzed over the long term and in the proper context, we believe that the emission costs of Bitcoin are dwarfed by its benefits. ” 

 

Image Source: Markethive.com

 

The True Nature Of Bitcoin

Bitcoin is more than a cryptocurrency. It's decentralized and the most secure payment network. Its security is made possible by the proof of work (POW) consensus mechanism. Also, it’s the most battle-tested Blockchain and considered the digital gold or store of value in which all cryptocurrencies are based, so Bitcoin is the ideal currency to hold. 

The Bitcoin Blockchain has its share of performance issues compared to the emerging Proof of Stake (POS) protocols, like Elrond and Cardano Blockchain Networks. However, going forward, some crypto projects such as Stacks are building a Smart Contract compatible layer for the Bitcoin Blockchain, and others like the Lightning Network are building seriously scalable payment systems. 

As it happens, institutional investors value security more than anything else. And one of the only things standing in the way of them and BTC are their environmental concerns, which will hopefully subdue as this groundbreaking report circulates.

There are decentralized ecosystems emerging in the cryptocurrency space in various industries including the social media and marketing spectrum that rely on credible, infallible Blockchain systems, be it POW or POS. As technologies advance, both protocols will offer an alternative financial system delivering financial freedom and sovereignty at minimal cost to the climate and surrounding environments. 

 

Source: Coinshares.com, Coinbureau.com

 

 

 

MARKETHIVE THE FUTURE OF ALL MEDIA

Innovations that will change the way we work and interact online. 

The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with deplatforming and boycotts from payment providers.

It’s widely notorious that the actions of the tech giants have divided nations and are the source of countless societal harms, including rampant censorship, promoting violent extremism, spreading false information, and unfairly stamping out its competition. 

Instead of improving the user experience to one that users would welcome, legacy big tech is somewhat distracted by its self-induced problems. It’s now under scrutiny by government policymakers with the overall consensus that something should be done to reign in the centralized power or structurally break up the technocracy. 

Facebook is focused on updating the internet with new regulations to appease critics and leverage its Oversight Board to circumvent this. At the same time, Twitter grapples with the idea of integrating a more decentralized approach to the platform, explicitly giving users an algorithmic choice by opening up its news feed to third-party algorithms selected by its users. This could undoubtedly customize the user experience but still be under a central authority. 

 Markethive Goes Next Level

Known for its evolutionary and innovative ethos, Markethive continues to expand its decentralized “all-in-one” platform with the development of a unique news feed interface that completely embodies the user experience (UX) in the framework of “don’t make me think.” A concept brought to light by author Steve Krug, a usability expert, cites that usability is fundamentally about human psychology. 

The book “Don’t Make Me Think” was first written in 2000 and revised in 2013. Since the turn of the century, technology has changed rapidly, but the principles are the same as before. Something is only usable if an average person can figure out how to use it to achieve an outcome. Krug breaks this down into three laws:

 

Image Source: Reading Graphics

Key Quote

“Usability is about people and how they understand and use things, not about technology.

…while technology often changes quickly, people change very slowly.”

Once it is understood how the human brain works, these same insights can continue to be applied even as technology and landscapes evolve. So usability is not just about technology; it’s about understanding how people think and behave to build better things, giving the user a more seamless and more straightforward experience when navigating.

Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem. 

The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof. 

 

Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem 

There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0. 

We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following. 

Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. The latest updates and integrations are explained in this article.

So What Else Is Coming? 

We will also be a search engine like DuckDuckGo, allowing you to determine your own algorithms to control the outcome. Our new Hosting and Domain Registry coming this year will enable your business to be sovereign as it’s hosted within the Markethive system, along with the opportunity to generate affiliate income.

The Markethive Hosting and Domain Website (NOT LIVE YET)

 

We will have a curation system like Scoop.it (https://www.scoop.it/topic/markethive), as well as a superior conference room like Google Meets (this is in the works) https://meet.google.com/mow-hwei-jsr, plus our own advertising services that you can sell for profit, and to make Markethive a complete ecosystem, we have our own coin, (HiveCoin) wallet, and exchange.

Scoop.it examples of Curation

 

Technology has advanced with Blockchain, and Crypto is becoming ubiquitous, giving rise to the decentralized, privacy, and autonomy components of social media. Something that the established dinosaurs would find near impossible to integrate at its highest level.  

Markethive has not only enjoyed longevity, but it can also integrate cutting-edge and unique systems. It is next-level, delivering every function and aspect available, fitting for the entrepreneur, business, and corporation. A clean design, not cluttered, intuitive for easy navigation, and simple to carry out tasks for all users on every level is crucial for website stickiness and the overall success of our entrepreneurial users.
 
 As quoted by CEO and Founder of Markethive, Thomas Prendergast,

“We are making major changes right now to the entire layout and aspects of the system. It’s a new look, with better navigation and an improved alert system. We are rebuilding the page-making system to be intuitive, inspired by Leadpages, all in preparation for the Wallet. 

All accounts (free and paid) will receive an email and a WordPress site integrated into the Markethive Page Making system. The domain for this will be hive.garden and all members will be assigned their username@hive.garden for POP email and username.hive.garden for your default website where you will have the option to have WordPress or a Markethive capture page assigned.

Understand this major uplifting has been in the works for several months, and we are close to its completion. We have already launched The Boost and The Wheel Of Fortune. The Premium Upgrade will launch once the wallet is integrated and the ability to upgrade to Entrepreneur One will not be available.”

 

The current Entrepreneur One members will continue to enjoy the benefits of the upgrade, including receiving a 1/10th ILP for every year their subscription is active for up to ten years. The benefits are explained further in this article.  https://markethive.com/group/marketingdept/blog/theentrepreneuroneilpspecial

 The New Main Page Interface Explained

The following images are a basic mockup or draft, subject to enhancements, to give you an idea of how the new main page will look with the various news feeds and menus. It is definitely something to look forward to upon its integration. 

Example of Main Page Interface 

 

The format is horizontal, not vertical, like many other websites making it more readable and less time-consuming in terms of navigation. The vertical side menus will be removed, along with the busy text in the blue bar. 

At the top of the main page are the Super Banners. This is prime real estate and specifically for Markethive, the company. Anyone else inside or outside of Markethive wanting to place a banner there will pay top dollar. The real estate below the blue bar is for the markethive community and placement of their banners.

Multiple Pulldown Menus 

Multiple pull-down menus will be replacing the side menus on the main news feed page and the profile page. These are now accessible on one page on the blue bar under Settings, Shopping Cart, and the Notifications bell icon also named Alerts Control. This allows you to configure the blue alerts bar and provides a click menu navigation. In other words, you choose what icons you would like to display. 

All the settings displayed that could only be accessed on the left of the profile page are now accessed on the main interface, including general profile page settings, payments, Vault, ILP purchases, login account, social accounts, and hive ranking. This makes it a lot easier to navigate and is much more intuitive. 

There is also a pull-down menu under Shopping Cart that displays the status of your cart (whether it’s empty or has items pending in it). 

The shopping cart menu takes you to the Markethive store and the Advertising services strictly for the Markethive Press Release program, the Boost, social network broadcasting, digital banner advertising, and video advertising. You will find these services in this pull-down menu as they are introduced. 

A series of upgrades will also be displayed under the shopping cart. Currently, there is the E1 upgrade and upcoming Premium Upgrade to be integrated upon the launch of our internal wallet. There will ultimately be multiple levels of premium upgrades which will all be located in the shopping cart pull-down menu. 

For the purpose of this article, the image below displays all pull-down menus opened and can be accessed by clicking on their respective icon. 

 
Image: Example of Pull-Down Menus

 
Combined News Feed – The New Innovation

Now for the pièce de résistance and Markethive’s claim to fame. The combined news feed interface is a first in the social media environment. It includes the four primary feeds being the general Newsfeed, Blog, Video, and Curation feed. 

So what’s the big deal about a news feed?

The news feed is the heart and lungs of Markethive, and everything around it is the bones or structure of Markethive. It all starts at the center, being the newsfeeds and works outwards and is the dashboard or control center, where every aspect of Markethive is easily accessible. 

The combined pulldown menu also includes the Groups feed, Campaigns, Games, Store, and Email feed, which you can set algorithmically. You choose what and who you want to see in your combined news feed. 

You can choose only to see what you’ve posted, select by geo-location, friends, Tube feed, Blog feed, Group feed, etc. You can access these configuration tools in the tray just above the HTML editor, housing the stats tools, tracking devices, posting tools, sorting and filtering tools, editing, and upload tools.  

Image: Example of Combined News Feed Menu

 
Upgraded associates will be able to post in a news feed with the ability to stylize text (bold, italics, text size, font type, hyperlinks) add embed videos and images, similar to the current blog editor. This will make your posts more dynamic and exciting.

Whatever task you do, you will access it from the combined feed pull-down menu. For example, if you want to upload a video in the Tube Feed, it will open up the tool page for you to upload it. 

You do not leave the main page for any task you perform. This is where you access all your interfaces. E.g., The video upload interface, the blogging platform, the curation control panel, etc. You will be able to add, edit and monitor everything you do right from the main page. 

Whatever you choose to see in your combined feed will be displayed: Videos from the Tube Feed, Blogs, Capture Pages, Groups feed, General postings, everything will be displayed on the page.  
 

Image: Example of Rich Text Editor and Combined Feed Interface
 
 

The Beauty Of Markethive 

Everything is at your fingertips on this one page, making it very intuitive and mobile-friendly. The dynamics will change completely, and you won’t have to navigate individual pages within the Markethive system. All configuration, filtering, and searching are done from the combined news feed interface. 

The new interface will be instantaneous and straightforward to post any content remotely, whether blogs, videos, or general newsfeed posts. Markethive will be infiltrating every corner of the internet universe and become a household name.  

The whole interface is streamlined and purposely created horizontally with minimal to no advertising, so it is not overwhelming for the average and new user. So many websites, blogs, and digital media articles are cluttered with vertical side columns and advertisements, making it annoying and virtually impossible to read or comment on the site. 

Markethive has always been a pioneer and ahead of the curve, initiating a social network before social media became a thing, starting with Veretekk in the nineties. It is a Divine inspiration, a vision that is coming to light. It’s one of integrity and can command authority with its clean, polished new look and navigation.  

So what we have here is an outline of what’s coming in Markethive. There’s more to this unprecedented, monolithic concept and project. All updates and orchestrations are discussed at the Markethive meetings every Sunday at 10 am Mountain Time. (MST)  

You can keep yourself up to date with the latest news and developments of Markethive as they happen. To access the meeting room, go to the Calendar and click on the link provided. See you there! 

So what time is it in your part of the world? Go here to find out. The doors to the meeting room are closed 5 minutes after commencement, and latecomers are denied access, so get there early. 

 

 
 

Thank you to the Founders Thomas and Annette for their insights, inspiration, and dedication to bring the next generation social market broadcasting platform far removed from the chaos of the legacy tech giants.

Our appreciation and gratitude to the team of engineers at Markethive working tirelessly to deliver a completely decentralized ecosystem, impervious to the oppressive forces that have subjugated humanity.  

Thomas affirms that we are building an orchestra consisting of many moving parts that will harmonize, catering to everything we do online and facilitating bringing in the next 100 million people into Markethive this year.  

Our system is based on Ethics, Gospel, and the Holy Spirit and operates differently from other media platforms because it runs on a heavenly frequency. Welcome aboard to all, and be ready for an exciting transition and transformation of Markethive. 
 

 

Also published @ Before It’s News https://beforeitsnews.com/2022/02/markethive-the-future-of-all-media-3022.html

 

From ARPANET To INTERNET & BEYOND

Markethive Leading The Way In Web 3 Social & Market Media

The term Web 3.0 with the benefits of its 3rd generation technology is widely considered to be the future of the internet and to break away from the centralized status quo. However, there have been heated debates of late with some claiming it will still be controlled by the venture capitalists and whales. They argue that the tech is still relatively centralized, slow, and unable to reach mass adoption. 

One of the few is the dubious Jack Dorsey, CEO of Twitter. You have to wonder what his motivation was for tweeting his opinion… 

Image source: Twitter

Dorsey’s tweet received a lot of attention, positive and negative. A lot of people in the Etherium and Defi communities bashed him for it because they viewed it as criticism aimed at Ethereum. Some also pointed out that Twitter's centralization and censorship are exactly why they're so bullish on Web 3. There are also a lot of VCS, Founders, and other crypto personalities who took issue with Jack’s statement.

In actuality, Web 3 is our best hope of breaking free from the centralized status quo and overlords. A reality where our data is harvested for profit by companies that willingly pull our access at a moment’s notice. Let’s revisit some of the histories of how the internet came to be and where we are today.

In The Beginning, The Internet Was Decentralized. 
Let’s go back in time to put it in perspective. The original internet plan was not to be centralized. In 1969, ARPANET was a project by the US Department of Defense to establish a computer data communications network that could withstand unforeseen events and disasters. Therefore, it must be decentralized so that if one part of the system fails, the rest can still function. It must be able to communicate using peer-to-peer interconnectivity without relying on a single computer. 

Initially, ARPANET benefited not just the military but also research institutes, so it had its origins in the academic community though it was a military project. The system slowly evolved, so it was not immediately adopted for commercial use. Instead, in the early 1980s, it was adopted by universities aimed at promoting research and education and was called the NSFNET project. 

The best way to do this was to use an interconnected network of computers that can provide a way to collaborate and share information. So the internet services were built on open protocols controlled by the internet community. There was no central authority, and every computer was independent of the other. If one server is not working, users can always dial up another server. 

By today’s standards, the organization of this protocol could be viewed as chaotic and inconvenient however it was decentralized. It was primarily unchartered and empty until the 1990s, before the technology pioneered by the ARPANET project became the backbone of the internet. A new galaxy of communication is ready to be explored and populated. 

Eventually, ARPANET and NSFNET would be decommissioned, thus paving the way for the commercialization of the internet. Notably, the term “Internet” was brought about by a blend of the words “interconnected” and “network” and thereby called the Internet ever since. 

Image source Hackernoon

 

From The ARPANET To The Internet. Web 1.0
In the ‘90s, Sir Tim Berners-Lee is credited with developing a linked system that became the World Wide Web with HTML and access to resources called websites. This allowed for the retrieval of all that information across the web. Web 1.0 is also called the static web and did have its limitations. It wasn’t user-friendly and was a one-way information highway. 

No algorithms could dynamically serve pages, and the web pages themselves were also elementary.

The functions that served the most purpose were email or real-time retrieval of news and the like. Users could not interact with the web pages, and applications were unheard of, so it was a Read-only internet. 

 

Web 2.0 – The Social And Centralized Internet
Around 2005 came the concept of Web 2. We saw a paradigm shift in how we used websites during this period through advancements in web technologies such as JavaScript, CSS, and HTML5. Interactive and rich websites started to increase. These web platforms would allow the user to generate their own content and be a much larger part of these websites as a whole. 

If Web 1 was a Read-only web, then Web 2 can be thought of as a Read-Write, where the users on these platforms were also fundamental to the content. As commercial interests grew along with internet use, many platforms emerged that became known as social media, and it was driven by innovations in technology, such as mobile phone apps. 

The emergence of cloud computing was also a virtual collection of servers that provided services to users. Companies that have flourished in the Web 2 environment include Facebook, now Meta, Google, YouTube, Twitter, Uber, etc.

These companies have generated trillions of dollars of value for their shareholders by effectively leveraging user data from billions of people worldwide. They've transformed the way we live our lives, from the way we order food to the way we hail rides, from the way we keep in touch to the way we pay online.

Unfortunately, society, by and large, has become overly dependent on these platforms, and when they move from “attract” to “extract,” their users, both individuals or businesses, suffer through lack of privacy and autonomy or platform risk, meaning, the platform has the power to destroy your business running on it. This conglomerate is predominantly a trillion-dollar digital advertising business, with ‘we the users’ as the product that fuels this machine. 

Essentially, Web 2 is owned by these companies, and they control the platforms and are the gatekeepers of all information. It is inherently centralized with these companies creating walled gardens of value that we can't participate in, and this is where Web 3 comes in.

Image source Hackernoon

 

So, How Centralized Is Web 2?
In order to best understand why Web 3 has so much potential, we have first to appreciate just how centralized Web 2 actually is. Currently, the web functions on what is called the client-server model. More specifically, when you want to visit a website, open a mobile app, or watch a video, you'll be requesting information from one centralized source. This is a server, and these are usually controlled by the company whose service you're using or the website you're visiting. 

This Server also contains all of the required data to make the website or service run. Data that is often comprised of our data and a centralized server controls even the process of finding that server. These are DNS or domain name service servers that act as the backbone for domain routing on the internet. Essentially, when you type a domain into your browser, the request is sent to a DNS server that will then tell your computer exactly where this information can be found. 

These DNS servers are usually controlled by another centralized group of companies including the likes of Google, AWS, Cloudflare, etc. What this means is that the internet is inherently centralized; everything that you do online, can effectively be limited by those who control those services. 

There are problems associated with this because it has a centralized point of failure; Centralized servers can go down, sometimes for extended periods of time. And in those times people can't access that data. There's not really much that you can do, given that these centralized servers contain all that user data and contain the code, which interacts with user clients, and those servers are incredibly lucrative to hack. Data theft is big business in cybercrime circles. 

You need to trust companies like Amazon that have your personal data to keep it safe. It’s a “trusted” system. There is also the risk that the data being sent to your devices could be compromised through software supply chain hacks. Hackers gain access to the provider’s server upstream of the software supply chain and insert malicious code. That's then passed down along the chain because the other participants trust that the software is safe. 

Then when it comes to the issue around the permissioned nature of Web 2, it's become a real issue when you're using services like Facebook, Instagram, Twitter, YouTube, PayPal, etc. You're only allowed to use them because they let you. 

They can restrict your use, or boot you off the platform at a moment's notice, without any explanation. De platforming has been going on for years now and there is very little that can be done by the user. 
 
The Web 2 social media and many Fortune 500 companies have developed their entire business models around monetizing our data. This value is not shared unless you're a shareholder. This centralization of control and value is the reason why people are dying for an alternative. 

 

Enter Web 3.0
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet. 

There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like  IPFS can also be used to decentralize networks. 

Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it. 

Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully, 

“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.”

 

Web 2 Verses Web 3
The main difference between Web 3 and the Web 2 era is that in Web 3, there are no centralized databases where you store the application state. In the case of blockchains, it's stored on a decentralized ledger where distributed nodes all agree on the state of the network. This article explains the architecture of Web 3 in more depth. 

The takeaway from Web 3 architecture is that the back-end infrastructure is inherently decentralized across nodes with the singular purpose of maintaining the network. If one of these nodes goes down, the network still runs. If one of these nodes is hacked, it doesn't affect the state or security of the broader network. 

Moreover, a distributed network is cryptographically secure. There is no way someone can underhandedly alter a smart contract code unless they have the keys. Any updates to the smart contract are time-stamped and immutably stored on the blockchain forever. 

The cryptographically secure nature of a decentralized blockchain means that you don't have to trust anyone with your data. You don't have to trust that they keep their service safe and that their apps won't have malicious components. The code is fully open-source and auditable for everyone to see. 

Furthermore, there is the ability to build on top and evolve to something better, as it is all open-source, with no need for third-party developer API access. What gets people so passionate about Web 3 is that you can shape the direction of these applications, and you can share in their success. Economically, Web 3 allows a system to flourish where participants can work together towards a common goal – network growth and token appreciation. 

There are pros and cons to a centralized Internet. The pros are that it has allowed the internet to expand due to the services provided by the ISP’s and also the popularity of social media platforms, convenience, and usability. 

Web 2 has transformed the way we view the world, but the cons are that it’s also enslaved us to a system that enriches a chosen few. Since it has been centralized, there is not much choice for users. A user’s access to the internet is at the mercy of their provider and the platform. This is a point of failure, not something the original internet was designed for.

 

Addressing Venture Capitalist Concerns. 
Let’s alleviate Jack Dorsey's concerns about VC money. The most reputable projects will have some reasonably strong vesting schedules for these tokens to make sure that these early-stage investors don't just dump the tokens on the open market. It serves neither the project nor the VC's purposes to trash the reputation of one of their investments by dumping on retail. 

And then, even when these tokens are unlocked, and these VCs can vote on protocol governance, they tend to have the same long-term goals as the retail investors who invest in the tokens and protocols. They want a long-term appreciation of the value of the tokens, and if they push through controversial proposals that drive down the adoption and value of the protocol, this will damage their long-term interests. 

The beauty is that everyone can share in the incentives, not just venture capitalists or shareholders. Decentralized technologies will trump the centralized status quo, whether in the case of finance with crypto or the entire internet with web 3, including social media and market networks. When a community comes together to build something that they all benefit from, it's destined to succeed.

 

Who Is Genuinely Challenging The Status Quo?
Markethive, the blockchain-driven ecosystem for entrepreneurs, has already successfully bypassed the centralized web services, like AWS and Microsoft, and operates on its own cloud system. The new login system Markethive has developed relinquished the need for 3rd party APIs that are potential vulnerabilities in Web 2 and threaten our freedoms. 

Currently, Markethive is expanding its cloud system, called Mining Hives, worldwide. This means all data about Markethive and its users will not be stored on servers owned and controlled by a centralized entity. 

Instead, it is a distributed database on the Markethive Blockchain with no single point of failure and no internet disruption or censoring by dictatorial authorities who may decide to shut off the internet. 

Web 3 gives us a better chance at building a more inclusive internet that respects all who use it. Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers.

Web 3 is an opportunity to distribute the wealth amongst the rest of us generally paid only to shareholders. Markethive stands tall and is dedicated to delivering the emerging environment of Web 3 to its community; one of self and financial sovereignty.

Instead of acquiring a few significant venture capital investments, Markethive has made it possible for the community to obtain a stake in the company. Known as a convertible note, a small loan called an ILP is executed as a smart contract and acquired by upgrading to the early adopters' loyalty program, Entrepreneur One, for as little as $100 per month. 

For a limited time, there is a lucrative advantage to supporting Markethive with the E1 Upgrade, explained further in this blog by the CEO of Markethive. 

Markethive and Markethive Media is an international company that represents everyone and will play a prominent role in the re-invention of the social media and marketing space to preserve and nurture the entrepreneurial spirit. It’s empowering the community by integrating Blockchain and cryptocurrency in a decentralized environment. Markethive has no agenda, and its heart and soul are freedom, liberty, financial sovereignty, and entrepreneurialism. 

 

 

 

Felix Crisan – Head Of Research For The Elrond Network And Renegade Thinker For Technical Solutions

IT Expert, Architect, Entrepreneur, Educator, with a Renegade Mindset  

 

Elrond's Head Of Research, Felix Crisan, is another feather in the cap of the evolving Romania-based Blockchain company. He is an integral part of a specialized team of hard-core engineers, entrepreneurs, and researchers, who have successfully redesigned the Blockchain infrastructure. 

Collectively, the team, including Co-founders, CIO, Lucian Mincu, and COO, Lucian Todea, has significant technical experience at Microsoft, Google, Intel, NTT DATA, 2 PhDs in CS & AI, multiple math, CS and AI, Olympiad champions, and blockchain backgrounds, with the CEO of Elrond, Beniamin Mincu previously involved with the NEM core team. In this article, Felix Crisan is center stage.

Elrond is setting new standards for performance in the Blockchain space with an innovative network scaling technology called Sharding, but with a difference. Sharding is a well-known concept for horizontal partitioning of databases which several companies are applying it to public Blockchains to increase their throughput capacity.

Elrond has gone one better by developing a cutting-edge form of state sharding named Adaptive State Sharding. It enables the network to rival centralized cloud networks without sacrificing blockchains' security and decentralization advantages. This, along with their Secure Proof of Stake consensus, makes Elrond a leader in the next generation of high-throughput Smart Contract platforms flourishing in the Blockchain ecosystem. 

 

About Felix Crisan 

Romanian-born Felix Crisan has a working experience of 20 years; all spent in Information Technology areas. Felix has been involved in many industries and in just as many roles, initially starting with being a researcher in quantitative aspects of social sciences. 

He was also a developer for "off the shelf" software and later games, then a solution consultant for major projects in big banks and telecom groups. He is an architect, supervising development and operations for the services he co-founded as an entrepreneur. These services ended up being market leaders in the territories where they are operated. 

 

Background And Career 

Felix attended the University of Bucharest, majoring in Computer Science and Mathematics in 1992, for five years. He went on to become a Computer Analyst and Chief Developer in 1997 at Cybersoft for three years.

In the next few years, he devoted his time to IBM as a Technical Solution Architect and Hewlett-Packard as a Telecom Industry Consultant. He found his entrepreneurial prowess in 2003 when he saw an opportunity to build an online and offline payment system and co-founded Netopia Payments, which operates the most prominent digital payment platform in Romania and the most extensive SMS aggregating service – web2sms.

The intersection of payments, big data, and distributed systems led him to Bitcoin and the Blockchain industry, where he Co-founded BTKO in 2015, Romania's first Bitcoin exchange platform. 

In his spare time, he teaches various topics, from fundamental web development techniques to big data concepts and technologies, including machine learning and artificial intelligence algorithms. Felix is also a Bitcoin Lightning Network contributor and organizer of Blockchain BigData meetups in Bucharest. 

 

Image source: Virtual Blockchain Summit. 

 

Felix Has Many Strings To His Bow

Apart from being Head of Research for Elrond, Felix is also currently the Co-founder and CTO of Netopia, mobilPay. Since April 2021, he has been co-founder and CTO of Ronin, a Bucharest-based Blockchain crowdfunding platform officially launched in December 2021 and accessible to small investors in Europe. The company's end goal is to be bureaucracy-free. 

In all of Felix's undertakings, it's clear that his solution-oriented concepts and input are designed with a humanitarian approach. He is passionate about new and innovative technologies and how they can enhance the lives of individuals and companies alike. 

With his fiery tweets regarding burning issues and aversion to the status quo, bankers and governments, he is doing his bit to help educate and improve the current state of the world. His Twitter feed indeed reveals that, tweeting:

So much double standards around CBDC initiatives: with "the others" it can be used to "…monitor users and exert control over global currency". When "our guys" are doing it, it's a fine piece of non-intrusive, democratic tech.

“The root and source of all monetary evil is the government’s monopoly on money,” said no banker ever. But Hayek did.

Who is Hayek? Hayek was a prominent social theorist and political philosopher of the 20th century, devoted to the free market. Friedrich Hayek believed that the prosperity of society was driven by creativity, entrepreneurship, and innovation, which were possible only in a society with free markets. In his view, markets create price signals and incentives to adapt and align the economy efficiently.

Image source: Twitter 

 

To understand more about what Felix Crisan is passionate about, watch this video where he discusses a wide range of topics, including adoption in Romania, custodial services and their disadvantages, the impact crypto will have on employment and value transfer, and China's crackdown on miners, the CBDC Yuan, regulatory burdens for Romanian crypto startups and more. 

 

Elrond Initiates Web3 Payment Revolution

Elrond's latest partnership with Utrust (a leading payment services provider) is another indication of their commitment and passion for leading in the digital transformation curve and easing the burden of businesses and existing payment methods. 

Dubbed "Merchant Yield," the power comes from its simplicity – accept crypto, and get paid in fiat. Any business can become a Web 3 Merchant and benefit as this will transform payment processing services from a cost for merchants into an income stream.

Image source: Twitter 

 

A Blessing For Humanity

With Elrond's consistent activity and the team's unwavering dedication, we can be assured they are in it for the long game and for the right reasons. A few benevolent companies are rising up and will not be intimidated by the elite corporations so desperately trying to control everything and everyone. 

Markethive aligns itself very closely with the ethos of Elrond. They are two separate entities working in synergy and independent of evil forces that have plagued the lives of the individuals, entrepreneurs, and companies that are locked into them. 

Elrond takes care of the decentralized Internet-scale Blockchain and financial operating system, the gateway for all businesses and citizens to reclaim their sovereignty and financial independence. 

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable, and interoperable. Elrond's main contribution rests on two cornerstone building blocks that ensure long-term security and distributed fairness.

 

 

Markethive takes care of the decentralized social media, marketing, broadcasting network, and community. It is a place where privacy, freedom of speech, and autonomy are paramount. There is no agenda, no divisiveness, just acceptance. 

Markethive is a place where entrepreneurs can thrive, and individuals can feel a sense of belonging. It is a platform with the inbuilt opportunity for financial sovereignty, all without fear of being deplatformed, censored, or ridiculed.

We pay homage to the architects and engineers of these humanitarian projects that stand up in the face of tyranny and make it possible for every soul to have a haven and faith for a better, more sovereign future. 

It's not enough these days to be a critical thinker – one must be a renegade thinker to resist and rise above this unconscionable world, be true to oneself and be instrumental in the success of others.

As Felix Crisan states in his tweet,
"Everyone's afraid of the World War 3, but few noticed the War Web 3." 

 

 

References:
Elrond
Twitter
LinkedIn
Virtual Blockchain Summit