We write weekly about Web3, what it is, and why it matters.
How is AI Changing Crypto? π»
GM Surgers!
It's Jackie B here this week to give you the news -
It's a big week! - Ethereum and Bitcoin hit 2023 highs πͺ©ππΌ
This week in cryptoβ¦
Everything you need to know to stay on top in Web3
π AI is Changing the Crypto-Trading Game
Crypto isn't immune to the artificial intelligence buzz. Not only does mass adoption of generative AI stir up important questions related to ownership and blockchain (in a world where tools like ChatGPT and Midjourney create using open-source inputs, who owns what?) - but it's clear this week that AI is impacting crypto markets in real time.
With AI's ability to analyze huge datasets, use ML (machine learning) to improve itself, and remove bias from trading - huge opportunities for arbitrage in crypto may not exist for much longer. Crypto - long considered an 'ideal', volatile market for quant hedge funds like Jump or Wintermute to capitalize on - has seen an influx of traders using tools like IBM's Watson, and companies like Kryll.io and TradeSanta to level the playing field.
... See more info about quant trading and AI.
ποΈ In other news
π Ethereum and Bitcoin ride tailwinds to 2023 highs from the Shanghai and Capella upgrades + the macro environment. Read more here.
π Hong Kong sets aside $6.4M to invest in web3 in a move counter to China's general stance on crypto.
π― The tiny Kingdom of Bhutan has been silently investing in crypto, as revealed by bankruptcy filings for Blockfi and Celsius.
π» TLDR: Why is the Bitcoin Whitepaper in Macbooks?
In October 2008, the Bitcoin Whitepaper was published under the pseudonym Satoshi Nakamoto, presenting a decentralized digital currency system that utilized blockchain technology: bitcoin.
Two weeks ago, Andy Biao discovered that the whitepaper has been hidden in the MacOS of every Apple Macbook since 2018.
Since then, there's been a whirlwind of speculation and no comment from Apple: who put the whitepaper there? Was Apple involved? Is this an 'Easter Egg', like other, similar incidents? Is this inherently different - given the charged political and economic connotations of bitcoin?
It's impossible to confirm without comment from Apple, but as far we understand: This file was never meant to be discovered by normal users. It is located inside a folder with assets used for internal testing by Apple engineers.
The same folder also contains other random images and PDF files that are used to simulate the process of scanning and exporting documents and images with the app without actually needing a scanner.
That said, some of us (me), are still holding out hope that some of the more fascinating, outlier theories hold some truth. Our favorite? Steve Jobs was Satoshi Nakamoto . . .
π Did You Know?
The Bitcoin Whitepaper was originally published on the 31st of October, 2008 by an individual or a group of people that called themselves Satoshi Nakamoto in a cryptography mailing list on a platform called Metzdowd.
The key components of the whitepaper include:
ππ½ Proposal of a decentralized digital currency system that did not rely on intermediaries.
ππ½ Use of a distributed ledger technology called blockchain to ensure secure and transparent transactions.
ππ½ Introduction of a mechanism for incentivizing nodes to participate in the network and maintain the integrity of the blockchain.
Want to dive in deeper? Some additional resources to check out:
βπ The Original Bitcoin Whitepaperβ
βπ The Bitcoin Whitepaper Simply Explainedβ
βπ Whitepaper: Explanation and Comments Section by Sectionβ
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See you next week!
βJackie Bβ
Surge Women | Educating crypto users and builders π₯
We write weekly about Web3, what it is, and why it matters.
GM Surgers, Surge's Web3 Course is tailored towards people of all levels. Whether you're already working in crypto and want a free, technical overview or you're just getting into the weeds of Web3. Surge Web3 Course Hub We're releasing chapters to subscribers for free on YouTube and this week, weβre looking into nodes. What are nodes and how do they work? Nodes - What allows blockchains to exist? In Web3, a node is a device linked to a cryptocurrency network that may produce, receive, store...
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