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Published December 4, 2022, 3:01 PM
by MB Technews
ArtificiaI Intelligence or AI is having a major impact on the world of journalism, allowing journalists to better keep up with the ever-changing and growing amounts of news. AI technology is able to quickly sort through data and provide more accurate and timely news stories and insights that would have otherwise been impossible to uncover. This technology is helping journalists stay ahead of the curve, ensuring that news stories are as accurate and relevant as possible. To demonstrate how journalists can use AI in their work, blockchain developer and MB Tech consultant Alvin Veroy created this story using Artificial Intelligence with a very minimal human intervention. Here’s the story. And by the way, AI also created this introduction and the image. — Art Samaniego, Editor)
The hidden agenda of blockchain technology (created by Alvin Veroy with AI)
In recent years, blockchain and cryptocurrency have become increasingly popular among tech-savvy investors, startups, and large corporations alike. While it has been lauded as a revolutionary technology that could revolutionize the way we do business, there is an underlying nefarious hidden agenda hidden behind the scenes.
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions and control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
Cryptocurrency is required in a public blockchain network to incentivize the community, especially those who invest in either mining or staking platforms. Through the use of cryptocurrency, miners and stakes are rewarded for their efforts in maintaining the network. This reward helps to maintain the network, to keep it decentralized, and ensure its long-term security and functionality. Additionally, incentives such as mining rewards help to attract more participants to the blockchain network, thus increasing its value and credibility. Staking rewards provide a steady income stream for investors and make it attractive to invest in such platforms. This not only serves to benefit the investors but also strengthens the blockchain network and helps ensure its long-term sustainability.
Cryptocurrency value and the influence of whales and developers
Cryptocurrency has become a hot topic of discussion in the financial world and its value can fluctuate wildly. Despite its growing popularity, there is still much confusion and debate surrounding the exact causes of its price swings.
One of the main debate points is the influence of whales and developers in the cryptocurrency market. Whales are large holders of cryptocurrency who can have significant sway in the market due to their size and control. Developers also have control over the code of the cryptocurrency network and can affect its value through their decisions.
Whales have the potential to manipulate the cryptocurrency market by buying and selling large amounts of coins or tokens. This can create artificial demand, driving up prices. Conversely, whales can also create artificial supply and bring prices down when they decide to sell their holdings. By doing so, whales can cause a cryptocurrency’s price to swing wildly, either up or down.
Developers, on the other hand, have the power to modify and update the code of the cryptocurrency network. This can have an effect on the market in various ways. For example, updates can increase the efficiency of the network, thus making it more attractive to buyers and increasing its value. Similarly, they can also create new features or modify existing ones, thereby affecting the demand and supply of the cryptocurrency.
The influence of whales and developers in cryptocurrency markets has come under increased scrutiny in recent times. While there is no doubt that their actions can have an effect on the price of a cryptocurrency, the extent of the impact is still a matter of debate. Some argue that the whales and developers have too much control, while others say that their influence is insignificant when compared to the larger market forces of demand and supply.
At its core, the agenda of blockchain advocates are driven by greed and a lack of transparency. They promote the technology for its potential to generate profits and increase value but often fail to mention the potential risks associated with it. Furthermore, the benefits of blockchain are often overstated in order to entice the public, who may not be fully educated on the technology, to invest.
Finally, the agenda of blockchain advocates often overlook the potential impacts of the technology on society. While they focus on the potential economic gains, they fail to consider the potential social and environmental impacts, such as the potential for increased inequality and energy consumption.
Ultimately, while blockchain has the potential to revolutionize the way we do business, it is important to be aware of the hidden agenda of blockchain advocates. Greed and a lack of transparency can lead to a lack of trust in technology, as well as potential risks to society and the environment. Therefore, it is important that we remain vigilant and ensure that blockchain technology is used responsibly, for the benefit of all.
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