ICP Eco Growth ∞

Don’t forget to kindly follow, I will always follow back. Presently cooking some dope shit for the IC♾🫥 #icp #dfinity #Community #Cryptocurency

@grok @richard_hery @dominic_w @grok what are the best ways for icp to handle or overcome this threats

Insider threats, like the Kraken incident, could impact ICP due to its reliance on data centers hosting nodes. A malicious actor infiltrating a data center might compromise validators, affecting network security. However, ICP's decentralized design distributes control, reducing some risks. Its cryptographic protections and governance measures also help. Still, vulnerabilities remain, especially with limited validators per subnet. Strong hiring practices and security at data centers are crucial to safeguard ICP.

Only fully decentralized systems can defeat this risk (then leaving software supply chain attacks as the primary vector..)

@richard_hery @dominic_w @AskPerplexity does this matter to ICP?

@dominic_w Things that make you hope the data centers hosting ICP nodes are hiring the right people.

The self-writing app paradigm is going to the moon, even though today's platforms can't build complex apps, or safely evolve production apps. Caffeine will solve these problems for the world.

I win this bet, or eat my hat 🤠🎯: 1) The "self-writing internet" will enable anyone to use AI to build/update fully-onchain sovereign apps on the Internet Computer, and; 2) By end 2025, MOST crypto developers will be ICP developers.

Today, a restaurant waiter in America advised me how he chose tokens to buy, which is a stepping stone to broader issues in crypto, and my personal thinking. These were his 3 main criteria 😱🤔: 1) Trading volume 2) Tokens being "new" 3) "AI tokens" promoted on X Breaking his method down 1) He buys based on volume because he sees this as market validation and signal. He does not know that vaporware coins and memecoins, and also most major projects these days, simply create trading volume by contractually engaging with large numbers of market makers at once, and granting them options on their tokens just above the market price, incentivizing them to drive the price higher so they can exercise their options, basically by happily buying the token back and forth in a form of decentralized wash trading that attracts these kinds of folks (naturally, DFINITY does not engage in this "financial magic") 2) He buys based on recency, because he sees that new coins pump, reflecting how retail participants just get sucked into the latest financially engineered pump and dump cycle, which of course is causing industry liquidity to leak out to vaporware and memecoin operations and usually be lost to the industry forever (I asked about ICP, and he said he wouldn't buy that token because it is an "old coin," seemingly having no awareness this might reflect years of advancing technology and adoption...) 3) He buys "AI alts" based the advice of KOLs, primarily here on X, who promote vaporware tokens that have zero real technology behind them, but are sold using snakeoil narratives that sound reasonable to untrained ears, while being clearly ludicrous to anyone that actually understands how AI and decentralized networking technology works. He does not realize the KOLs promoting the AI vaporware are nearly all incentivized with bags of the tokens (again, this not a DFINITY practice, we spend our funds on R&D) So how did crypto get into this mess? Paid/vested interests press: The press oftentimes promotes the investments of its owners, and other times, just promotes whoever pays them. This is not the usual paid advertising model, since the consumers of this press cannot tell that the reportage itself, rather than banners, is often a subtle advertisement for vested interests. DFINITY does not pay, and since the Internet Computer project was initially funded by an ICO in 2017, rather than by industry titans who are eager to unlock and farm retail for their savings, and furthermore the Internet Computer might disrupt the status quo from which they profit, our interests don't align – and thus we very rarely get covered in parts of the crypto press, despite extensive PR efforts. Paid/vested interests research: It's reasonable for industry research to ask for money to investigate projects, but crypto industry research operations often differentiate themselves by a) actively lying to the reader about projects that are paymasters by promoting fake facts and narratives even when their own writers know they are lies and junk, and b) often acting in the competitive interests of their owners, by refusing to report on projects that might harm their interests, refusing to write balanced reports on them even for payment, and even excluding such projects from industry-wide analyses on crypto to make them look fringe to Average Joe's who can't possibly understand the wormhole of deception they have fallen into. For example, certain major firms will not create research on the Internet Computer and exclude it when creating broad reports on the crypto industry, despite the fact the network has benefited from by crypto's largest R&D operation since the end of 2017, and sports incredibly sophisticated, innovative and impactful technology created using contrbutions by world-famous researchers and engineers, and the network's onchain activity is growing very rapidly (it now often processes >1M Ethereum-equivalent transactions a second, because it allows things like social networks and AI to run truly onchain). Perversely, the disruptive potential of the technology is the primary reason why it is excluded. This pattern is the exact reverse of the way industry research would operate in a healthy industry. Mercenary KOLs: Of course, KOLs (Key Opinion Leaders/influencers) across all walks take secret payments to promote products, but in crypto, it's been taken to a whole new level, because they are incentivized with tokens whose price they then want to increase, and they promote complex snakeoil narratives that the Average Joe cannot really evaluate and see through. Once enough KOLs have been paid and incentivized to say the same thing, it creates a powerful manufactured "social proof" effect for the Average Joe, who actually believes he's acting according to the wisdom of the crowds. Because the Average Joe sees that the price often rises for the latest token wheezes being promoted, he inadvertently learns to follow the KOLs, then in the vast majority of cases, later losing money Flywheels: Investors and holders of Layer 1 tokens learned they could invest into startups building on their networks, and still make money even though the startups were likely to fail – because the noise they created would attract other developers eager for funding and generally drive liquidity into the Layer 1's tokens they owned so they could sell them. For similar reasons, those behind several blockchains learned they could profitably pay "customers" to "choose to build" on their networks (often paying enough to secure big corporates and govt. depts as "customers"), because again this was found to drive liquidity into their Layer 1 tokens. Of course, the crypto press and industry research firms often feed this by uncritically reporting announcements as achievements and signal. Eventually, although possibly over long horizons, investments fail, and fake customers leave, and the Average Joe loses as the hubbub dies down Ponzinomics: The insiders of certain projects are desperate to keep their token prices up, so they can exit with maximum profit. A great obstacle can be enormous investor unlocks (i.e. where large investors who have previously purchased large token batches, which they were required not to sell for some period, are about to be freed to sell...). To prevent those unlocks hitting the market and depressing the price, they will raise more money by selling more tokens off-market to other big funds at a steep discount to the current market price (often 60-80%), then use those funds to purchase unlocking tranches, so insiders can keep on selling to Average Joe at a high price and their project keeps its prestigious position on CoinMarketCap. Of course, this is another form of flywheel that will usually eventually fail, and the Average Joe has no idea what is happening. Corruption and cowardice: It's no secret that when the Internet Computer network launched into production May 2021, crooked industry players manipulated the ICP price using exchanges and market makers they controlled (essentially to attack early ICP holders), and launched other attacks too, primarily to disrupt the looming competitive threat the network presented to their investments. Naturally, there was no support from the crypto press, which is hardly surprising because corrupt industry titans attacking the project included SBF who was making tens of millions in secret payments to senior crypto editors at the time (and his incredible corrupt largesse to a certain political party, and celebrity, and hidden strings, also appeared to enable him to influence a star reporter at a certain mainstream media publication, who inadvertently collaborated in his attacks). Meanwhile, a class action was created by crooked law firm holding tokens from a "competitor" worth around two hundred million dollars at their peak, which had already launched many tens of lawsuits against various crypto projects. A crooked partner from that law firm was recorded on video by CryptoLeaks.info describing how this was part of a competitive strategy they pursued on behalf of the crooked project, also explaining how they were going to create another class action against Solana (which they they did months later). After the videos came to light, the founder of the project denied involvement, and since industry titans were invested into this project, the press trumpeted his claim as true. Meanwhile, of course, the crooked lawyer HAD consulted with the crooked founder on whether they should create the baseless class action against DFINITY, and federal judges with access to depositions (where people risk jail if they lie, as opposed to US legal filings, where litigation privilege lets you say anything) later kicked the crooked lawyers off all their cases, including the class action, indicating the dubious nature of the founder's claims to innocence. In any other industry, in any other field, the crypto founder and his project, which funded these crooked lawyers, would have been eaten alive. Not in crypto. ... I could go on. The problem is that the industry structure I've described above has been causing huge amounts of liquidity to leak out to people whose primary focus is on extracting value by pumping token prices rather than by building real long-term value, for example by performing R&D to increase the real world utility of these networks. The leaking liquidity simply disappears into blackholes. In fact, I think it's fair to say that now a huge proportion of crypto projects can best be described as token marketing operations built around snakeoil narratives and the kind of subtle marketing infrastructure and corruption I've described above, rather than as technology ventures. The problem is that whereas real technology ventures try to create real value that floats all boats, pure token ventures just extract value PvP style. This cannot possibly be a route to the crypto industry succeeding long-term. At DFINITY, we will remain laser focused on just contributing technology to the Internet Computer ecosystem, as per our non-profit mission. We'll weather this storm. I believe that things like the "self-writing internet" paradigm soon to arrive on the network have the ability to help the network transcend crypto. DFINITY continues to believe in traditional blockchain applications, and continues to contribute technology that benefits fields such as DeFi 2.0, but also believes in blockchains playing the role of straightforward next-generation tech stacks, which can host things like social networks and enterprise apps onchain. Today, it remains the case that only the Internet Computer network can host real apps and services onchain, or create open internet services directly controlled by a community without intermediaries with full automation, or run unstoppable AI models that are immune to traditional cyberattacks... However, I believe the fastest escape velocity from fake crypto can be achieved through provision of game-changing *mass-market* technology that offers compelling "hold-in-your-hand" grand utility to *billions* of people, which does not depend on speculation and narratives, and where the user may not even realize they are using blockchain and crypto technology. For me this is the self-writing internet, and we continue advancing towards releasing Caffeine.ai as fast as we can, not only to kick start this incredible new paradigm on the Internet Computer, and unleash a new kind of blockchain utility on a massive scale, but to create a shining beacon of light for the crypto industry that helps guide it forwards. Tech still matters, and I believe it will win out, and I want to thank everyone in the ICP community staying the course with us 💪💪💪

@lysergin33 In your life don’t ever call dom a clown. You untrained twat

The clown blocked me

🚀 Exciting news! You can now play Cubetopia right from within @OpenChat! 🎮 🌟 What do you think about taking this integration further? Share your ideas below! 💡 📱🖥️ Which other platforms would you like to see Cubetopia on? Let us know! 🌍

@GroR_not_ShOr When you start your own business, You can choose to do what pleases others and not the reason why you started the company in the first place.

1/ Azle 0.21.0 is now live! This release has some excellent new features bringing TypeScript and JavaScript applications on ICP even closer to their Web2 counterparts. We're continuously leveling the learning curve for getting starting building dapps on ICP. github.com/demergent-labs…

1/ It's done, it's rough, but it's ready. Introducing Azle 0.20.1 This is the release with initial support for various Node std libraries, opening the way for libraries such as Express, Apollo Server, GraphQL, SQLite, Loki, fs, http, crypto, and more. npx azle new hello_world

UTOPIA: Unstoppable Tamperproof Open Platform for Independent Autonomy A private virtual cloud platform that can be spun up over existing clouds, or dedicated hardware, which has game-changing properties. Corporations, NGOs, governments, militaries etc, who need their data on private hardware, and can't build on the public Internet Computer network, will spin up UTOPIA virtual private clouds that are serverless and stateful to run their systems and services. Each UTOPIA virtual cloud platforms is tamperproof and unstoppable within fault bounds – and so are the systems and services built there. Owners also get vendor independence, since a UTOPIA can add and remove nodes without being interrupted, and can effectively walk across compute resources 🔥 UTOPIA owners can build their own systems and services on their private clouds, but they will also be able to install ready made dapps... This is a HUGE opportunity for ICP developers: package your web3 services for UTOPIA use, then sell lucrative support contracts to those installing them in the corporate world 🔥 Developer network effects: web3 developers fed up with being entrepreneurs, can go build for enterprise. Enterprise developers fed up with the corporate world, can go be web3 entrepreneurs. Organizations running UTOPIAs can make their canister smart contracts interoperable across the networks by registering their networks with the Internet Computer (small ICP token fee). As always, Blockchain Singularity is the aim. We want the majority of the world's systems and services running in tamperproof and unstoppable form on next-generation ICP networks – the future of compute... ICP technology aims to solve some of the grand problems of our time: Cybersecurity – you no longer need firewalls, intrusion monitoring, anti-virus etc. (Consider that cyber crime is estimated to cost >$10t annually by end of this year, which is 37% of the GDP of America, and AI will make it worse.) R&D productivity – building with canister smart contracts is much more productive than with using traditional software, and you no longer need platform software like databases, web servers, etc. This year, the world will spend $1.8t on IT personnel, and much of their time is being wasted by complexity. The world will also spend $900b+ on software licenses. Thus, UTOPIAs will be run by organizations seeking security and resilience, and by those wishing to reduce their R&D and maintenance costs, and their licensing costs. Plus, UTOPIAs will also be run by governments, NGOs and militaries seeking to create sovereign clouds and systems that do not have foreign backdoors or kill switches – the technology is open source. It is not unreasonable to say that ICP (Internet Computer Protocol) technology provides without doubt the most advanced next-generation compute platform in existence today – it was developed through a massive multi-year R&D effort that has placed it years ahead of its time. The public Internet Computer network demonstrates that ICP technology works as described, is mature, and is battle proven. With the coming UTOPIA initiative, ICP technology will gain full coverage, and tremendous network effects. 🧠 UTOPIAs will also host tamperproof and unstoppable vertical AI models for organizations, including LLMs, which are efficient – directly addressing the pressing emerging need of running AI that is tamperproof and resilient. Stay tuned – this is just one of the ways that ICP will take its battle to the world as we head into 2024 ⚔️🦾

@bitcoinr3negade @dominic_w Yet, people think ICP won’t make it 🤣

@dominic_w So many real world use cases for The Protocol to make all forms of online activity impenetrable. From Medical Records to Music to Self driving cars and even casinos!!

How did I miss this!? MGM and Caesars casinos got hacked/ransomwared. Obviously, they should have built their systems on the Internet Computer #ICP, or using the tech. Major push into enterprise coming. ft.com/content/a25d28…

Praying For Unblockable Web3?🙏 Imagine authenticating ANY blockchain transaction via a web browser, without need for a wallet app or browser extension... Use Internet Identity + "smart contract web pages" on Internet Computer | #ICP #II 💪 coindesk.com/tech/2023/06/1…

Expecting Internet Computer #ICP to enable LLM AIs to run inside canister smart contracts 🧠 thanks to new node types. Well be amazing for e.g. creating a medical AI as contracts will make provable: 1) the model code, 2) the training data, and 3) that a given prompt produces the provided response/so no human meddling. Compute will be more expensive, but won't matter for such applications. Likely 4X or 7X replication. Crypto buffs will note that modern AI relies on floating point GPU hardware, which is non-deterministic, and would cause a chain to fork. But the good news is it can be transformed to rely on deterministic integer arithmetic, which is also supported by new GPU hardware. Like a lot of work DFINITY pursues, this is non-trivial, but hoping we can at least get a strong PoC onto the network in 18-24 months. No guarantees. Meanwhile, we are aiming to help get the network supporting much simpler "AI compute units" this year. These won't run as smart contracts that can support creation of fully trustless AIs. However, they will run on a decentralized public network, use enclave tech, maximize efficiency, be natively integrated with Web3, have significant computational power, and provide unique capabilities to be explained later, which will prove very, very important... Blockchain will host AI and imbue it with special properties. #BuildOnTheNetwork

@HugoRoger @WuBlockchain @coinbase @binance It’s simple. Binance is not made in US is a major reason

@WuBlockchain Can anyone help me understand what did #coinbase @coinbase do that @binance #binance didn't? Doesn't make much sense. Coinbase offers #ATOM for staking at a whopping 18%, which is like the #americandream.

The SEC accused Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. #page=85" target="_blank" rel="nofollow noopener">docdroid.net/I02zzqT/sec-v-…

🐳Altcoin update 97/100🐳 @dfinity is revolutionizing blockchain technology with its innovative design, utilizing cutting-edge cryptography to provide a decentralized experience.💻 $ICP saw a 35% gain & is now ranked 23rd by the MC.🔥 Do you remember the 2021 #ICP airdrop?💭

@KSI You’re not sorry 😂

I wanna apologise for saying a racial slur in a recent Sidemen video. There’s no excuse, no matter the circumstances, I shouldn’t have said it and I’m sorry. I’ve always said to my audience that they shouldn’t worship me or put me on a pedestal because I’m human. Im not perfect, I’m gonna mess up in life, and lately I’ve been messing up a lot. So I’ve decided I’m gonna just take a break from social media for a while.

@Justin_Bons They used the terminologies but did not hide the truth about them or meaning to them. Ain’t androids and iPhones smartphone? You really need to work on your tweets and stop adding your personal review

ICP uses misleading terminology which obfuscates the underlying design This comes across as deceptive; they should make more of an effort to fix this! These are the worst offenders: Cannisters = Smart Contracts Replicas = Nodes Service Nervous System = DAO Neurons = Staked ICP

99% of the blockchain industry is tricked by the false advertising: "Web3 X is built ON blockchain Y" When really Web3 X is being built on Big Tech's cloud & only keeps tokens on Y Web3 is on-chain⚡️ ONLY on the Internet Computer #ICP #WorldComputer Keep spreading the word📢