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1501  Economy / Gambling discussion / Re: Fantasy sport as a unique business and entertainment or plagiarism and delusion? on: November 01, 2021, 11:52:04 PM
And here are several questions:

* is there any future for crypto-related Fantasy Sports?
* maybe any currently available projects?
* what kind of opportunities for NFT types could be related to Fantasy Sports? It's quite easy to imagine token with Virtual Ronaldo, which goes several million on auction price Smiley



The main issue with fantasy sports is terminology and context based. One side of the debate contends fantasy sports are games of skill. Which would allow fantasy sports to avoid regulation and restrictions related to gambling. The other side banned fantasy sports in some US states. Even big and well established platforms like draftkings and fanduel are illegal. Harsh regulation makes the future of fantasy sports difficult.

I have seen cryptocurrency fantasy sports websites that were never updated that seemed shut down.

Collectibles and memorabilia markets for sports have been in operation for many decades. Baseball cards and collectibles are definitely a thing. Whether the sentimental value and market of sports collectibles could someday transition to NFTs, remains to be seen.



1502  Economy / Economics / Re: Getting things off your list. on: November 01, 2021, 11:13:53 PM
Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.




Doing things like this on a consistent basis, will cause it to become a life habit.

Eventually, you'll reach a point where it will become your natural tendency. You'll execute things in this way, without consciously thinking about it.

The opposite is also true. Procrastination can also become a life habit.

It takes an equal amount of energy for procrastination or being a self starter to become life habits.

Although it could be fair to say, that one carries more life rewards than the other.

"The pain of the discipline is better than the pain of regret."
1503  Economy / Economics / Re: What books do you recommend for economics? on: November 01, 2021, 10:28:49 PM
Economists pay no price for making inaccurate predictions. Their livelihood doesn't depend on competence or knowledge in their area of expertise. They know some of the basic principles and fundamentals in the way that armchair philosophers argue ideology. But are never in a position to apply their book knowledge in real world application. As a result, economists and textbooks are usually not the best source for learning about markets or finance.

The best way to learn is to follow someone who applies economic principles in real world application on the daily. Someone who tests and questions textbook knowledge enough to know what is real. What works. And what doesn't. Basic steps most economists will never take.

Investors/traders like Larry Williams who turned $10,000 into more than $1 million dollars in trading competitions.

https://en.wikipedia.org/wiki/Larry_R._Williams
https://www.ireallytrade.com/

1504  Economy / Gambling discussion / Re: NFL Week 7 Predictions (73.2% accuracy) on: October 29, 2021, 04:38:47 PM
But still, the point of forecasting is only to be better than the one with whom you make a parlay (usually a bookmaker). Therefore, when evaluating forecasting, odds are needed. If you think that odds will affect your predictions, you can first make a prediction, and then look at the odds.


These predictions are not meant for gambling purposes.

You definitely are right that odds need to be posted.

TBH I have not the slightest clue how betting underdogs do versus betting favorites in NFL leagues, or how often my picks are betting favorites on paper.

This is a for fun, learning experience thing atm.


Sorry to bump into this thread but yes, accuracy without odds don't mean anything. For example, on my own thread, my accuracy is less than 10% from season to season (and currently on a rather high >10%) but that's because the majority of the bets are longshot odds.

I know some people (and even on this forum) sell their picks advertising high accuracy, but the only reason people would pay for signals is to make profit.

If you only bet on 15/10 odds, you'd need 66% accuracy just to break even, so 70% is necessary to be profitable on those. And in my experience, those posting 70%+ accuracy have a healthy number of picks below 15/10.

So odds are, to me, completely necessary -- you can always include them after you make predictions. Also, because a 3/1 underdog is in a very different bracket to a 20/1 underdog Wink


Officially announced break even stats depend on an even distribution.

Gamblers usually increase or decrease bet amount, depending on how confident they are on individual picks.

Averages don't really apply. In my humble opinion anyway.  


I'm curious about the 73.2% accuracy thing as It's hard to achieve as a sports bettor, so I'm here checking your thread.

I think I would agree with @buwaytress here as the odds are very important, it does matter on your money as betting on the favorites will likely give you more win as most of the bettors would choose to bet on the favorites until they see the odds are lower which means the low return of their money risk.

it would be more enticing if the odds would be at least 1.90 as according to what I read, you just need to maintain at least 52.4% in order to have a successful betting journey for the long term.

https://medium.com/the-intelligent-sports-wagerer/why-52-4-is-the-most-important-percentage-in-sports-gambling-16ade8003c04


I don't agree with the logic offered behind the 52.4% statistic.

There were days where my picks when 7-1 (87.5% correct) and I still lost money due to placing larger bets on the single loser, than I did the 7 winners.

And there have been days when my accuracy hovered around 50% and I made money due to allocation being shifted in the opposite direction.

52.4% might apply in cases, where someone makes 100 bets of equal value. But in my experience, that is not how people do things.



Good article. Nothing new in terms of mathematics, but I'm glad that this important point is emphasized:

Quote
To ensure profit, the bookmaker need not be able to predict the outcome of games more accurately than bettors — the bookmaker merely needs to predict bettor preferences so as to balance wagers on each side.

I see distorted bets often (due to the fact that bookmakers give odds based on the mood of the public) and I see that there is a good opportunity for real money on betting. As for the forecasts from this topic, I hope the author will post his next forecasts before the events and I will try to check his forecasts in terms of profitability.


Bookmakers have better and more reliable sources of insider information. They have sources the general public usually has no access to, to help them set the line profiting them the most $$.

Athletes can have personal issues, injuries, substance abuse problems, relationship drama and other conditions that will affect their performance the public would never know about. While bookmakers often do know about these circumstances and move the line accordingly -- in whichever direction they believe will profit them the most.
1505  Economy / Economics / Re: Stagflation and assets that perform well on: October 29, 2021, 04:04:23 PM
On this case, historically, the assets that perform well are Gold and commodities.



The game has changed. Many time honored historical precedents no longer apply. The blueprint to a healthy, happy and stable life was going to college and having a job. Past era ideology relating to higher education, job security and career longevity have been eroded to a point where some are better off not amassing massive amounts of debt to afford a degree. Similar trends apply to best performing assets in times of stagflation and recession. Our culture and society have shifted as a result of the internet and emerging disparities in wealth and wage inequality.

Commodities are no longer as reliable today, in contrast to past eras. Supply chain disruptions and rising cost of cargo shipping have thrown markets into a state of flux. Fraud and unreliability of shipping insurance also appear to be on the rise. Along with the addition of hidden costs and fees.

Gold markets may always have been extremely centralized under central banks who hold and control the lion's share of trading volume. Production and distribution of counterfeit minted coins and bars in precious metals markets appear to be on the rise. Along with unreliability and cost hikes of shipping, insurance and negative trends affecting commodities.

Bitcoin would appear to be the best option due to it avoiding many of the mentioned hassles. As we see reflected in its upwards trend.
1506  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 29, 2021, 03:42:23 PM
because of religious doctrines that are passed down from parents, I only believe that God has set our age from birth.  



"And all the days of Noah were nine hundred and fifty years: and he died."  -Genesis 9:29

"Abraham lived a hundred and seventy-five years."  -Genesis 25:7

....

There are old testament figures in the bible who lived to be 500 to 900 years old, if I'm remembering right.

This was criticized.

Until around 2005 when scientific research was published claiming the upper theoretical limit of human lifespan could be 500+ years old.

(This isn't the exact link I was looking for, but close enough):

Quote
Could humans live to 500 years old? Scientists believe genetic tweaks could significantly extend our lifespan

Living to the ripe old age of 500 might be a possibility if the science shown to extend worms' lives can be applied to humans, scientists have said.

U.S. researchers tweaked two genetic pathways in the tiny lab worm Caenorhabditis elegans and boosted the creature's lifespan by a factor of five.

The research raises the prospect of anti-ageing treatments based on genetic interactions, they said.

https://www.dailymail.co.uk/sciencetech/article-2523086/Could-humans-live-500-years-old-Scientists-believe-genetic-tweaks-significantly-extend-lifespan.html

I'm not remembering this perfectly. It was a long time ago. This topic has been on the table for a very long time. Without much interest.

Concerns relating to overpopulation should human life be extended have been an effective deterrent.
1507  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 29, 2021, 03:29:51 PM
Elon Musk offered to buy and delete facebook awhile ago. Is the offer still on the table?

If I remember right, data about facebook surveillance came from internally leaked information. Which was irrelevant. Due to surveillance of social media being completely normalized policy. Desktop operating systems have always logged and tracked end user data. Not many know Windows 98 had a index.dat file which secretly logged emails, visited websites and other end user meta data. Oldbies would routinely purge the file to prevent tracking. Today's operating systems and social media platforms should be expected to utilize far superior tracking by default.

Surveillance is an irrelevant point IMO.

AFAIK facebook's troubles stem from it doggedly pursuing first its own native libracoin cryptocurrency, and now the rebranded diem cryptocurrency. I think if facebook abandoned efforts to deploy its own crypto, their problems would disappear.
1508  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 29, 2021, 02:44:30 PM
....


I'll try to explain. Why I think this research could have potential.

Everyone knows identical twins have identical DNA and are clones of each other, as far as genetics go.

But can anyone explain how one identical twin might develop an illness like cancer, while the other identical twin does not?

The answer comes down to epigenetics:

Quote
The second way is by exploiting some of the features of blockchain technology such as security and storage of data, which is most relevant to the application of personalised or precision medicine whereby patient information such as genetics, blood profile data, microbiome assessments, epigenetic methylation, and sleep data could be transacted and analysed without risk of the patient data getting into the “wrong hands” and being exploited.

Epigenetic research is neglected and underfunded atm. Any research done in this area, has potential to greatly expand the knowledge base of modern medicine.

....

Another angle:

Fecal transplantation (poop transplant intended to grant people a healthier gastrointestinal micro biome) is a procedure which is gaining prominence atm:

Quote
The second way is by exploiting some of the features of blockchain technology such as security and storage of data, which is most relevant to the application of personalised or precision medicine whereby patient information such as genetics, blood profile data, microbiome assessments, epigenetic methylation, and sleep data could be transacted and analysed without risk of the patient data getting into the “wrong hands” and being exploited.

Human microbiome research is yet another neglected and underfunded area of modern medicine.

We know that the microbiome has underestimated effects on health and longevity. Unfortunately, there has not been enough research done in this area for us to have good data on it.

....

1509  Economy / Economics / Re: BitcoinETF and the general direction of cryptocurrency on: October 27, 2021, 04:18:38 PM
What are your thoughts on crypto being available as an investment instrument on Wall Street?  Thoughts on how this will affect the direction and vision of cryptocurrency?  



As with anything, there is usually good or bad. The main issue preventing literacy and knowledge is the tendency for people to oversimplify things within shades of black and white. Where context is forced to one polar extreme or the other.

Cryptocurrencies being subject to wallstreet is: inevitable. The wealthy carry the greatest influence and longest reach. Enabling them access to the best investments, tools and opportunities. Perhaps a novel concept for designing a blockchain based currency or token, would be to make it available exclusively to low to middle class income brackets. Which would probably never happen. It may be an unwritten rule that designers and implementers of crypto court the favor of the wealthy as a factor of success.

Having supporters like Michael Saylor, the Winklevoss Twins and Steve Wozniak could be necessary to the success of coins.

There can also be a dark side to it, in the form of short sellers and speculators who can profit from crashing the value of assets.

Risk and reward cannot be separated in this regard. And so the only option is to accept the good along with the bad.

1510  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: October 27, 2021, 04:07:54 PM
There doesn't appear to be much information available on the criteria used to measure casino safety.

I for one had no idea casino related injury was a serious public health hazard, in need of oversight and rewards.

Businesses proudly display their "207 injury free days" signs on their premises. This must be something similar, which I'm not a fan of. In this world where rising oil prices and inflation are real threats to society and standard of living. I can't imagine people focusing on small issues relating to casino safety. As if casinos pose serious health hazards to anyone.
1511  Economy / Gambling discussion / NFL Week 8 Predictions (74.4% accuracy) on: October 27, 2021, 03:53:16 PM
Week 8 Predictions

(+234) Packers < (-270) Cardinals
(+141) Panthers < (-159) Falcons
(+550) Dolphins < (-800) Bills
(-175) 49ers > (+145) Bears
(+168) Steelers > (-192) Browns
(-175) Eagles > (+145) Lions
(-115) Titans > (+100) Colts
(-450) Bengals > (+350) Jets
(-1000) Rams > (+650) Texans
(+190) Patriots < (-225) Chargers
(+150) Jaguars < (-175) Seahawks
(+125) Washington < (-155) Broncos
(-225) Buccaneers > (+190) Saints
(-140) Cowboys > (+115) Vikings
(+375) Giants < (-500) Chiefs





Week 5 Predictions:  https://bitcointalk.org/index.php?topic=5364091.msg58108452#msg58108452

12 predictions correct, 4 incorrect:  75% accuracy

Week 6 Predictions:  https://bitcointalk.org/index.php?topic=5365205.msg58158634#msg58158634

10 predictions correct, 4 incorrect:  71.4% accuracy

Week 7 Predictions:  https://bitcointalk.org/index.php?topic=5366643.msg58223544#msg58223544

10 predictions correct, 3 incorrect:  76.9% accuracy


Overall record:  32 - 11.


Average accuracy after 3 weeks:  74.4%.





So, do you plan to include odds in future predictions so that we can evaluate the effectiveness of your predictions?


I forgot to mention, its possible to get near even odds on either team by betting on points spread.

There is also the points over / under which offers close to EV.

There are normalized odds available close to EV aside from the money line. Which is part of why ML odds aren't usually emphasized.
1512  Economy / Economics / Re: Inflation & Supply Chain Issues-How bad is it going to get?! on: October 27, 2021, 03:36:56 PM
Rumors from our suppliers that fertilizer will go through the roof, and then when it comes to food you're going to see all of them skyrocketing. It's simple, you use fertilizer at 300% and gas at 200% the price you must at 25% or you won't get even, you don't use them your production is cut by 4 or 5 times, and then the law of demand and offer kicks in.
Prepare for a food shock new year, if farmers can't get cheap fertilizer/gas/seed in the spring in autumn you'll see twice the price for everything.



Its been said the human population of the world didn't explode, until the vast number of uses of crude oil were discovered. Prior to this, the technology didn't exist to grow enough food to support a larger human population.

Fuel for transportation is one use. Fertilizer and pesticides are another. Gasoline, crop fertilizer and pesticides are all synthesized from crude oil.

Which can both simplify and complicate addressing the issues we face.

I would encourage everyone to begin searching for alternatives to anything oil based. Thanks to modern science, there are many alternatives available.

Don't expect oil prices to decline anytime soon to save us. It won't happen. In my opinion anyway.
1513  Economy / Economics / Re: Time to foot the bill on: October 27, 2021, 02:57:44 PM
However, the governments are playing with the idea of not keeping public salaries with inflation.



Government regulated wages could represent a shift to a planned economy (also called command economy).

https://en.wikipedia.org/wiki/Planned_economy

The mentality that says government should operate and regulate every aspect of wages, prices and the economy is a fundamental shift away from capitalism, towards socialism.

The more people try to discuss inflation. The more apparent it becomes that almost no one remembers anything relevant or important about it. Setting the stage for yet another disaster born of inflation to become a harsh and cruel reality.

People tend to forget hyperinflation is an essential ingredient behind extreme poverty of nations. Its something that can occur anywhere in the world. No one is entitled to be immune. It can affect all of us if allowed to progress to a point where it becomes terminal.
1514  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 26, 2021, 03:42:57 PM
Can a blockchain be private if its shared across datacenters crunching large chunks of medical data in search of correlation? I wouldn't mind reading different takes on that. 

Maintaining data integrity is one claimed aspect of blockchains. In theory, attackers would need to perform 51% attacks to alter segments of the backend data. It is claimed that their blockchain obfuscates or encrypts data in a way which enhances privacy. It is mentioned their project is funded by VITA tokens. Miners could be rewarded with VITA although it is not mentioned how mining is specifically implemented.

Quote
On average, a hospital produces 760 terabytes of data every year. However, 80% of the data lacks structure and is inaccessible to researchers, according to an article by Garri Zmudze from Longevity Science Foundation.

The need for security and reoccurring consent of the data usage prevents progress for medical research. With the help of blockchain and AI, patient consent can be easily obtained, data can be unlocked for analysis, and its usage can be transparent.

I think the above highlights some of their plans to leverage blockchain tech to provide researchers with better tools and greater access to medical data.

Quote
VitaDAO’s ecosystem has an open structure–everyone who owns VITA tokens can access it. To get the tokens, you need to contribute work, funds, or other resources to VitaDAO. In addition, “its collective membership, rather than a CEO or a handful of grant reviewers, will decide by vote how to deploy its funding, manage its IP, and share/publish its data.”

The organization already held a token auction on a crypto platform to receive funding for longevity researchers and raised $5.1 million (400% more than expected).

It seems they were also able to generate $5 million in funding with their own VITA crypto token.
1515  Economy / Trading Discussion / Re: Nigeria to finally launch Enaira today on: October 26, 2021, 03:21:07 PM
Somehow, I doubt nigeria's central bank e-currency will do better than venezuela launching the petro.

https://en.wikipedia.org/wiki/Petro_(cryptocurrency)

There are wealthier and more prosperous nations of the world, whose banking industries use crypto for cross border transactions and collateral. Due to it being more affordable, convenient and quick than their own native financial systems.

Governments and central banks may not be best suited for developmental work.

The US healthcare reform website for affordable care act sign ups costed close to $1 billion dollars. Despite not supporting special features or anything known for being particularly resource intensive.

Quote
Report: Cost of HealthCare.Gov Approaching $1 Billion

https://time.com/3060276/obamacare-affordable-care-act-cost/
1516  Bitcoin / Bitcoin Discussion / Re: What the government expect from bitcoin legality? on: October 26, 2021, 03:03:58 PM
El Salvador was the first country to adopt bitcoin as a legal currency compared to dozens of other countries that first legalized bitcoin as an investment and trading asset. The main thing that crossed my mind is what exactly does the government expect from the legality of bitcoin as a legal currency?

A few things I want to know:
  • Does the government want to get involved in this investment as an alternative to their desire to generate wealth for the individual or the country?
  • Want to provide financial freedom for all its people?
  • Want to improve people's living standard during the pandemic because of the difficulty of generating jobs?


The united states is often described as a superpower in terms of military force and economic wealth. But what does this mean in practice? What is the backbone of america's economic strength?

Might it be fair to say innovations and inventions fostered by silicon valley and US big tech contribute heavily to american GDP, jobs, wealth and overall the USA being a superpower?

If the above is true. Could we theorize that nations can become more wealthy and elevate their status and standard of living by being early adopters of new innovations and technology. Similar to how the USA reaped benefits of silicon valley and its related tech industries?

What happens if people around the world are looking for the next big thing. The next google, apple, microsoft, facebook, twitter. And what happens if bitcoin and cryptocurrencies are the next big thing.

Could that help explain a motive behind el salvador looking to hop on the cryptocurrency bandwagon?

1517  Bitcoin / Bitcoin Discussion / Re: US Bitcoin Mining Council Survey Confirms Industry Powered By 57.7% Renewables on: October 26, 2021, 02:51:15 PM
Gazprom wants to burn methan. Flaring. To make BTC.

Or  Is that butane? "The unrefined gas".




Everyone knows carbon traps heat in the atmosphere. Methane traps more heat per gram than carbon.

The byproducts of burning methane as a fuel, is better for the planet, than leaving methane unburnt.

Quote
Elon Musk says 'do not worry too much' about methane, a gas that accounts for 20% of global greenhouse emissions

According to the EPA, methane is 25 times as strong as carbon dioxide when it comes to trapping heat in the atmosphere.

However, when methane is used as rocket fuel, it burns with liquid oxygen and releases carbon dioxide and water vapor into the atmosphere. That means SpaceX's Raptor engine would only directly contribute to methane emissions through potential leakage.

https://www.businessinsider.com/elon-musk-tesla-spacex-carbon-tax-methane-rocket-fuel-2021-10

One reason Space X rockets have never been criticized for using methane as its primary fuel.

As glaciers and permafrost melt from rising temperatures. They release frozen pockets of methane "methane burps" worsening climate change. And so it could be a good practice to normalize combusting methane as a fuel source, if we're getting serious about saving the planet.
1518  Bitcoin / Bitcoin Discussion / US Bitcoin Mining Council Survey Confirms Industry Powered By 57.7% Renewables on: October 26, 2021, 02:40:38 PM
Quote
Bitcoin mining electricity mix increased to 57.7% sustainable in Q3 2021

AUSTIN, TEXAS OCTOBER 19, 2021 The Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining companies and other companies in the Bitcoin industry, announced the findings of its third quarter 2021 (“Q3”) survey focused on two important metrics: electricity consumption and sustainable power mix.
 
The BMC revealed that it successfully collected sustainable energy information from over 33% of the current global Bitcoin network in its latest voluntary sector survey. The results of this survey show that the members of the BMC and participants in the survey are currently utilizing electricity with a 65.9% sustainable power mix. Based on this data it is estimated that the global mining industry’s sustainable electricity mix had grown to approximately 57.7%, during Q3 2021, up 3% from Q2 2021, making it one of the most sustainable industries globally.
 
Moreover, the publication of this data represents the second quarterly release by the BMC, which was founded in May 2021 with support from some of the largest Bitcoin mining companies in the Bitcoin industry along with MicroStrategy and its CEO, Michael Saylor.
 
In a statement, Mr. Saylor praised the creation of the BMC as an important step to bring more transparency and understanding to the Bitcoin mining industry. He noted that the voluntary submission of Bitcoin mining data by industry participants will help to play an important role in demystifying the Bitcoin mining industry.
 
“This quarter we saw dramatic improvements to Bitcoin mining energy efficiency sustainability due to advances in semiconductor technology, the rapid expansion of North American mining, the China Exodus, and worldwide rotation toward sustainable energy modern mining techniques.” said Mr. Saylor. 
 
The BMC will host a presentation on October 19, 2021, at 5 PM EDT to discuss these results, available here: http://youtu.be/JPai5uoN2tg.
 
About the Bitcoin Mining Council
 
 The Bitcoin Mining Council is a voluntary and open forum of Bitcoin mining companies and other companies in the Bitcoin industry committed to the Bitcoin network and its core principles. It promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining. Its contributing members include: Argo Blockchain, Atlas Mining, atNorth, Bit5ive LLC, Bitfarms, Bitfury, Bitquest, BitRiver, BlockWare Solutions, CCU.ai, Celsius Network, Compute North, Core Scientific, Cowa, DMG Blockchain Solutions, Enegix, Frontier Mining, Galaxy Digital, Hive Blockchain, HMTech, Hut8, Marathon Digital Holdings, New Data Ventures LLC, PrimeBlock, Riot Blockchain, and SBI Crypto.
 
For more information, please visit https://bitcoinminingcouncil.com/.

https://bitcoinminingcouncil.com/bitcoin-mining-council-survey-confirms-sustainable-power-mix/

....


Results of this survey revolve primarily around the american crypto mining industry, which comprises approximately 33% of bitcoin's global hash rate.

There is an official presentation of this data, published on youtube:

https://www.youtube.com/watch?v=JPai5uoN2tg

This would appear to confirm what many on this forum have said for years, in terms of cryptocurrency mining being an industry powered primarily by renewable and environmentally friendly sources of electricity.

1519  Economy / Economics / $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 26, 2021, 02:24:22 PM
Quote
If you ever thought that living over a 100 years could only be possible only for future generations, you might be mistaken. Technology and AI are advancing rapidly, and with the help of blockchain, longevity achievements might be not far ahead.

The Longevity Science Foundation, based in Switzerland, launched a $1 billion fund over the span of ten years for research and projects to advance human longevity and extend lifespan to 120+ years.

The non-profit organization aims to make longevity medicine available for everyone and will focus on four main research areas: therapeutics, predictive diagnostics, personalised medicine, and artificial intelligence. The foundation plans to fund the development of medical technology, which broadly includes blockchain.

Blockchain in the Medical Industry
Healthcare data is immense and creates challenges in centralization and security. On average, a hospital produces 760 terabytes of data every year. However, 80% of the data lacks structure and is inaccessible to researchers, according to an article by Garri Zmudze from Longevity Science Foundation.

The need for security and reoccurring consent of the data usage prevents progress for medical research. With the help of blockchain and AI, patient consent can be easily obtained, data can be unlocked for analysis, and its usage can be transparent.

Quote
“Without blockchain, artificial intelligence lacks the ethically sourced and protected biomedical data it needs to find new solutions. Without artificial intelligence, the vast amounts of data protected by blockchain remain secure but unusable for research,”
the article says.

Blockchain Technology and Longevity Research
VitaDAO is a decentralized collective that funds longevity research. The web3-based organization aspires to “create a world where longevity therapeutics are collectively funded, owned and governed by the population that will benefit from them.”

VitaDAO’s ecosystem has an open structure–everyone who owns VITA tokens can access it. To get the tokens, you need to contribute work, funds, or other resources to VitaDAO. In addition, “its collective membership, rather than a CEO or a handful of grant reviewers, will decide by vote how to deploy its funding, manage its IP, and share/publish its data.”

The organization already held a token auction on a crypto platform to receive funding for longevity researchers and raised $5.1 million (400% more than expected).

How Can Blockchain Help to Advance Longevity?
According to biochemist and researcher Eleanor Sheekey, there are two main ways in which blockchain can help to advance longevity. The first is through the funding of longevity projects such as through the recently launched VitaDAO. This not only raises significant funding for research projects but also aids in the commercialisation of drugs if they are successful.

The second way is by exploiting some of the features of blockchain technology such as security and storage of data, which is most relevant to the application of personalised or precision medicine whereby patient information such as genetics, blood profile data, microbiome assessments, epigenetic methylation, and sleep data could be transacted and analysed without risk of the patient data getting into the “wrong hands” and being exploited.

Quote
“I think it is hard to tell for now what the potential of blockchain in medical research might be, but I don't foresee a future whereby blockchain technology is not a part of medical research,”
Sheekey told DailyCoin during an email interview.

On The Flipside
  • One of the major challenges of blockchain in healthcare is the technology’s adoption.
  • The medical industry requires collaboration when it comes to blockchain in order to embrace the information exchange and be transparent on patient data.
Why You Should Care?
Funding longevity projects through blockchain technology might be one of the best ways to be part of the research process. Blockchain adds many benefits to the medical industry, but poses some technical challenges.

https://dailycoin.com/1-billion-science-fund-to-use-blockchain-projects-to-extend-human-lifespan/

....


Ways this project is related to blockchain & crypto.

1.  A crypto coin is used to raise funds in an effort to fund the project
2.  Token holders vote to determine how funding and resources are allocated
3.  Blockchain is used to protect the integrity of medical data
4.  It is claimed their blockchain design protects privacy and data of patients

Quote
VitaDAO is a decentralized collective that funds longevity research.

A new term has appeared: "decentralized collective."  Normally the term collective is associated with socialism. It is an interesting assortment of terminology.

Quote
genetics, blood profile data, microbiome assessments, epigenetic methylation

Microbiome assessments and epigenetic methylation are interesting topics as far as enhancing longevity goes. This seems like it could turn out to be a big data project. Where massive volumes of lifestyle and genetic data is analyzed to find connections in previously unknown trends which contribute towards longer life.

It is known that identical twins are clones of each other with identical DNA. Epigenetic traits which can distinguish identical twins from each other, isn't a topic which has had much research conducted on it. AFAIK. There could be potential for gains and breakthroughs here.
1520  Economy / Economics / Re: Former President Introduces Reason Behind Crypto Crackdown on: October 25, 2021, 03:27:37 PM
Referring to the most recent actions coming from the Chinese government toward traditional cryptocurrencies and mining, Zhou said that it is the "survival of the fittest" since the decentralized blockchain-based digital currency is not the most convenient payment method for traditional economies.
Most likely, the former president of the Central Bank of China referred to problems that modern cryptocurrencies have with the scaling that includes fees, network congestion and the speed of transactions.


The former President of china's central bank, sounds much more credible than Jamie Dimon. Have to give him that.   Grin

But isn't it interesting how his words return us to the big block debate? One might wonder if origins of the big block movement had connections to china. I think so far china is the only central bank to echo big block demographic ideology. Nigeria, venezuela and other nations have publicized other reasons for opposition to cryptocurrency adoption. There could be an interesting thread of deduction determining affiliation present.

The timeline for CBDCs could also be an interesting point of deduction. Many might agree central banks appear to be waiting for something, before unveiling and rolling out CBDC. It appears they could have a blueprint or roadmap in place.
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