Hello crypto lovers!
I'm back again to share with you some thoughts on a few occurrences that have taken place in the cryptocurrency world. It has been a real whirlwind, with so much news going around.
Anyway, let us start.
https://img.inleo.io/DQmZHCT52oFG1Urrz517iNEy2WfCy8ZDVDtxaHmnbd8bd7h/photo-1621739165914-7155e5d4816e%20(1).jpeg
Link
Handling Offensive Meme Coins names
First of all, let’s consider meme coins. Those funny little tokens that seem to be everywhere?
Well, it seems that some of them have caused quite a stir by having offensive names(racist). Now when I heard this, I couldn’t help pondering how we should approach it.
Should wallet apps and exchanges get rid of these coins?
Or is it something users decide for themselves what they want to see?
Austin Federa from the Solana Foundation believes that wallet creators must be allowed to block out certain coins. His analogy was drawn from the internet where he said that just like ISPs do not filter content, crypto networks should remain generally open as well. Conversely, Marc Zeller from Aave Chan Initiative noted out that there are legal obligations requiring filtering of content in some jurisdictions.
On the subject of offensive meme coins, I believe that inclusivity and responsibility should be given priority. While blockchain technology is built around decentralization, wallet developers and exchanges should think about putting filters for offensive names in place. Although it is important that individuals choose what they want to see, it must be noted that a safer environment in the world of cryptocurrencies can only be created through filtering out hateful contents.
Craig Wright's Assets Frozen
Then, there is the tale about Craig Wright. He said he was the one who created Bitcoin, and after being taken to court it was found out that this wasn’t true. His assets are now frozen to prevent him from escaping his legal liabilities.
All this has made me think seriously about trust in the world of cryptocurrencies. How can we tell which among them are not genuine with all the pretense?
Craig Wright’s case serves as a grim reminder to always verify allegations and conduct thorough research before entrusting persons or projects within the crypto space. Claims of identity and expertise must be put under scrutiny, especially when there are huge investments or partnerships at stake. The only way to build trust in such situations is through transparency, accountability, and proven integrity over time.
Link
Ethena's ENA Token Launch: Excitement and Caution
Well, there are some thrilling news about the upcoming token launch by Ethena. Token ENA is expected to go live within no time, and lots of talk have been around about it in recent times.
Pre-launch futures for ENA have gone up significantly, which show that there is a great market demand for this token. Nevertheless, when I see all that noise around it, I can’t help thinking that perhaps it’s too good to be true. Could “ENA” work as others aspire or will be similar to many other tokens before this?
In my opinion, one should approach with cautious optimism and excitement concerning the Ethena ENA token launch. Even though pre-launch futures jumped up, pointing towards potential market demand, investor must conduct their own due diligence and evaluate the project fundamentals before they decide to invest.
Look beyond the hype and consider elements such as team behind the project, technology used plus long term sustainability while making informed choices on this particular subject.
Cybersecurity Threats in Gaming:
Hackers have been said to be targeting people with cheat codes in Call of Duty games.
These online criminals are stealing the game currency which is bitcoin from these players thus making them insecure. This should serve as a reminder of the dangers associated with internet gaming and why one must always be on the lookout.
Because of online threats that compromise gamers’ security, I recommend taking steps such as beefing up security systems to safeguard your private information as well as assets. Some examples may include:
coming up with strong passwords, -
activating two-step verification process
and being careful when it comes to downloading third party software or participating in online business transactions among others.
So, be sure to learn about new problems and address them timely by securing your gaming accounts and crypto assets accordingly.
Link
Sam Bankman-Fried's Sentencing: Accountability in Crypto
Finally, there is also the story about Sam Bankman-Fried, who has been imprisoned for 25 years because of his role in a cryptocurrency exchange and trading company.
This instance points out the issue of accountability within the crypto space. While it is an instrument of financial liberation, ensuring that offenders are answerable for their deeds is equally important.
Sam Bankman-Fried’s sentencing poignantly demonstrates why accountability and ethical behavior are essential in the cryptocurrency industry.
In my opinion, back things that prioritize transparency, regulatory compliance, and ethical business conduct. Seek out groups that have demonstrably prioritized responsibility and honesty as sine qua non conditions for trustworthiness and durability in crypto spaces.
Well, what is my conclusion from this?
Well, it's clear that the crypto world is still a wild and unpredictable place. However, this presents several challenges that will need to be overcome if we are to continue innovating and growing while at the same time managing associated risk.
It is important for us as investors and enthusiasts to be knowledgeable and careful in our investments, conducting due diligence in any project or investment.
In summary, these recent developments in the crypto world are a reminder of the importance of vigilance, transparency and accountability. Although there are some promising opportunities ahead, it’s necessary to approach them with skepticism and an analytical mind. After all, anything can happen in the Wild West of Crypto.
So, how do you feel about what has been happening in digital currency?
Comment on them below!
Posted Using InLeo Alpha
Be interesting to see if ENA pumps when it launches. And those memecoins, I have heard of noise, but am not a meme fan so have no idea what this offensive content is.
Since anybody at all can slap a name on a token, people are going to the extreme with it. Using racist terms
Thanks for this comment, I had to make an edit to my post since my grammar check change certain things. I really appreciate the feedback
Congratulations @wisewallet! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 80 posts.
Your next target is to reach 400 replies.
Your next payout target is 500 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Thank you so much for keeping me updated ♥️
Wow, three badges in a row, that's awesome @wisewallet! 🎉🎉🎉