You've likely seen OpenAI making headlines lately. They're pushing the boundaries of what AI can do, and this is sure to impact many industries. Their new product, SORA, really highlights their progress. It's a powerful AI model that can generate realistic images and videos from simple text descriptions. This kind of technology has the potential to streamline many creative processes. It's no wonder we're seeing a surge in interest for AI-related projects and tokens. In fact, this kind of innovation is exactly why we're seeing this crazy increase in the value of AI-focused crypto tokens. I even saw a Bitget Wallet report about it, you can check it out below.



Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?

Quote from: desmonddesk on February 07, 2024, 05:18:55 PM

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I was wondering how the user's protection works in view of the many history of exchange hack attempts and security bridges. And how best an investor can protect his digital assets optimally. Please share your experiences and insight with us.

I adhere to the golden rule "not your keys, not your coins", which means that I do not store coins where it really does not make sense, namely centralized crypto exchanges. The best way of safe storage is in what we call "cold wallets", which means that such a wallet has no direct connection to the internet, and we can make such a wallet ourselves from an old phone or computer, and it is called an airgapped wallet.

Of course, one of the safer options is to buy a hardware wallet, which can be an excellent option for storing our private keys if we know how to use such devices correctly.

As for CEXs, all those who trade frequently have no choice but to keep part of their cryptocurrencies right there, and if a hack happens, they can only hope that the company will compensate them.

You should also always pay attention to phishing links and clipboard malware that can cause the loss of everything we keep in our hot/online wallets - and that means not clicking on suspicious links that we receive via e-mail and social networks, install an ad-blocker in your browser to block google ads and always check your coin addresses several times before making a transaction.

Quote from: desmonddesk on February 01, 2024, 07:21:53 PM

I would like to know, Beyond Cryptocurrencies you trade on Exchanges, do you or any enterprise you know personally use Blockchain application for their business or services? Or are the business optimization side of Blockchain something for the future? I welcome your honest opinions.

I don't know too much for other blockchains but one of the most feature blockchain with use is Bitcoin and the Lightening Network. There is demand anytime the main chain is congested, people use them to make simple payments without the need to wait for many hours and days before the transaction are comfirm, we have many companies that accept this and also accept on chain bitcoin for payment.

I know of car dealerships and companies that accept Bitcoin and usdt for payment. Like in my country where exchange rate is difficult and not stabilized, if you have bitcoin and ustd, you don't need to convert your crypto into fiat, they accept the crypto direct to their wallet and if you used exchange like Binance, you can do internal transfer between two parties using crypto. These are the active enterprise that adopt crypto for their businesses.

Quote from: desmonddesk on February 01, 2024, 07:21:53 PM

The rise of Bitcoin has caused a lot of excitement about the technology it's built on, blockchain. While most people know blockchain as the technology behind Bitcoin, many of us have read that it can actually be used for so much more than just cryptocurrency. In paper, I know Blockchain has the potential to make businesses run more smoothly and efficiently in many different industries.

I know that some businesses use IBM hyper-blockchain^[1] with positive results, but it is a private blockchain and not widely adopted. I have read a lot about the potential of blockchain but I have not experienced or received any tangible benefits from it other than cross-border remittances/payments using USDT. The Vietnamese government has tested storing diplomas on Tomochain (currently Viction) but has not yet obtained any positive results. Blockchain is still a concept for the future as they have not yet been applied to meet irreplaceable human needs.

Currently, the majority of investors participate in the market just to buy and sell tokens to make a profit. Many people do not even understand blockchain technology or which blockchain the tokens they are holding were created on. The convenience of CEXs does not require investors to understand those things, and investors do not want to understand, they just need profits from this potential market.

I wait for the development and application of blockchain in the next few years, but for now I still focus on investing in tokens in the market ^^

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[1] IBM Blockchain Platform: Hyperledger Fabric Support Edition

Quote from: nonstopspider on January 25, 2024, 08:19:26 PM

What are your thoughts on these crypto bonds in general?

Do you mean the relationship between Messi/Ronaldo with a crypto business? It will always be tricky since some brands that provide sponsors can turn out to be scams or go bankrupt due to terrible management (or they plan to rug pull) like FTX. I'd rather ignore their marketing since even famous people can't guarantee great due diligence at all. I still remember a new exchange with little to no volume managed to snatch an ad spot on La Liga, then went bankrupt a few months later. Their reasoning is that they failed to secure good funding to sustain their operation, which can be seen as long as somebody takes a look at their exchange volumes. How they managed to do it is unknown, but it is clear that the person in charge doesn't do the minimum research at all.

How about bitcoin's implementation on voting or pool? As far as I know there have been countries already testing it, maybe a few area and testing ground on how blockchain can be used or taken advantage of in helping counting of votes very quick or at least transparent to anyone in their population.

So there are really a lot of uses of blockchain technology, although we know that one of it's first use case is in gambling and obviously at it gets valued, it became an asset and traded on exchanges.

Quote from: desmonddesk on February 01, 2024, 07:21:53 PM

The rise of Bitcoin has caused a lot of excitement about the technology it's built on, blockchain. While most people know blockchain as the technology behind Bitcoin, many of us have read that it can actually be used for so much more than just cryptocurrency. In paper, I know Blockchain has the potential to make businesses run more smoothly and efficiently in many different industries. An example is Coreum, a Crypto project I discovered few days back, an enterprise-grade blockchain. It's said to have been designed to meet the critical scalability, security, and interoperability needs of large enterprises, featuring intelligent Smart Tokens with built-in smart contract functionalities. Coreum as a token has just been listed on a few major exchanges. While as an investor I look forward to throw in a few $$ but as one with deep Interest in Blockchain technology, I would like to know, Beyond Cryptocurrencies you trade on Exchanges, do you or any enterprise you know personally use Blockchain application for their business or services? Or are the business optimization side of Blockchain something for the future? I welcome your honest opinions.

Maybe someday I'll incorporate the use of blockchain in my business. Mind telling where COREUM is available to buy and trade?