Mind Matters Natural and Artificial Intelligence News and Analysis

TagAdam Goad

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Close up of top important cryptocurrencies which dollar bank note in background. which including of Bitcoin, Ethereum, Litecoin, Dash, Zcash and Ripple coin. Business and financial as concept.

What Happens If You Want To Lend or Borrow in Crypto?

In the world of Web 3.0, the borrower is anonymous, so collateral is a must

In this second part of “Staking and Liquidity on Web3”, the fifth episode of the podcast series between computer engineering prof Robert J. Marks and engineers Austin Egbert and Adam Goad, the discussion centers on making and taking loans in cryptocurrency. In the first part, we looked at changes in how cryptocurrency is produced: Ethereum is moving from mining to staking this month. In Episode 4, the discussion centered on what a decentralized financial system would look like and on challenging new concepts like flash loans and smart contracts. Dr. Marks is the director of the Walter Bradley Center. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-203-Adam-Goad-Austin-Egbert.mp3 A partial transcript of the first part, notes, and Additional Resources follow: Robert J. Marks: Now there’s something in staking…

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Stack of ether or ethereum coins. ETH Coin.New Virtual Money.Physical coins. Cryptocurrency mining and trading concept.

Ethereum Moves From Mining to Staking This Month

As there came to be more and more “eth” in the world, the puzzles computers had to solve got very much harder, consuming vast energy resources

In this first part of “Staking and Liquidity on Web3”, the fifth episode of the podcast series between computer engineering prof Robert J. Marks and engineers Austin Egbert and Adam Goad, look at upcoming changes in mining — how cryptocurrency is produced. In Episode 4, the discussion centered on what a decentralized crypto financial system would look like and on challenging new concepts like flash loans and smart contracts. Dr. Marks is the director of the Walter Bradley Center. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-203-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Robert J. Marks: Like gold, cryptocurrency like Bitcoin and Ethereum is mined, at least so far. Mining becomes harder and harder as more gold is mined… finding fresh gold deposits becomes more…

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Modern way of exchange. Bitcoin is convenient payment in global economy market. Virtual digital currency and financial investment trade concept. Abstract cryptocurrency with gold bitcoin background..

The futurist finance world of flash loans and hypernodes

In the cryptocurrency world, you could float a loan for ten seconds and make good money — but you and your computer must be very fast indeed

In the first part of Episode 4, “What Is Decentralized Finance?” (September 1, 2022), computer engineer Adam Goad discussed with Walter Bradley Center director (and computer engineering prof) Robert J. Marks how blockchain would decentralize finance by establishing trust and security without government regulations. Now they look at how some of the remarkable new financial instruments work. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-202-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Robert J. Marks: Before we started this recording, you mentioned something which blew my mind — flash loans. Adam Goad: A flash loan is a loan that you take out for a very short amount of time, usually a few seconds. But it can be for a very large amounts, like millions of dollars.…

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Stony pebble yellow background

Staking and Liquidity on Web3

Like gold, cryptocurrency such as Bitcoin is mined. Gold becomes harder and harder to find as it is mined. In the same way, as the supply of a cryptocurrency increases, computers have to solve harder and harder problems to be awarded cryptocurrency. Staking is a is a new approach that replaces mining and reduce costs. How does it work? Adam…

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Block chain concept - Chain of network connections . 3d rendering

What Would a Financial System Based on Blockchain Look Like?

Adam Goad talks about key differences between banks and blockchains in what creates trust and privacy

Could blockchain could decentralize finance by establishing trust and security without government regulations? In “What Is Decentralized Finance?” (September 1, 2022), computer engineers Adam Goad and Austin Egbert are back with Walter Bradley Center director (and computer engineering prof) Robert J. Marks to discuss how such a system might work. Or maybe not. It didn’t work with decentralized autonomous organizations… But then again, this might be simpler. A partial transcript, notes, and Additional Resources for the first half follow. What difference would decentralized banking make to the average customer? Robert J. Marks: When you pay Uber for a ride, you use a bank or a third party like PayPal, or Visa, or MasterCard, or something. Decentralized banking, hopefully, will let…

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green plant in clear glass vase

What Is Decentralized Finance?

When you pay Uber for a ride, or anybody else, you use a bank or a third party like PayPal. What if you could pay the Uber driver directly? Decentralized finance uses blockchain to establish trust and security without government regulations. Is decentralized finance the way of the future? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss…

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WEB 3.0 abstract sign with blockchain 3d illustration

Why Didn’t Decentralized Organizations Work in the Crypto World?

DAOs broke down when people tried to make them interact with the outside world

Here’s the second part of Episode 3 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egber on the wild new online world. They’ve been talking about non-fungible tokens (NFTs), and what sort of NFTs survived the crypto crater: Now, in the second part of “The NFT Anti-bubble” (August 18, 2022), they look at what happened to the decentralized autonomous organizations (DAOs) that grew up along with crypto and NFTs: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-200-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Austin Egbert: Could you give an example of what one of these DAOs was maybe trying to do? What service were they providing? Or what was their business output, so to…

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Metaverse world NFT Art Gallery Avatars and VR Glasses 3D Illustrations

Are NFTs a Bubble That Has Just Plain Popped for Good?

Despite the crypto crash, they seem to be developing a life of their own — in ticket sales, for example

Here’s the first part of Episode 3 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert on that wild new online world. They’ve been discussing what gives NFTs (non-fungible tokens) their value. Now, in “The NFT Anti-bubble” (August 18, 2022), they are looking at how NFTs are faring in the vast crypto crater. What still sells?: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-200-Adam-Goad-Austin-Egbert.mp3 This portion begins at 00:15 min. A partial transcript, notes, and Additional Resources follow. Robert J. Marks: We have talked about non-fungible tokens kind of hitting the skids. Is this a bubble pop? Are non-fungible tokens going to disappear as kind of an interesting thing in history? Or are they going to…

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NFT non fungible tokenscrypto art on colorful abstract background. Pay for unique collectibles in games or art. 3d render of NFT crypto art collectibles concept

What Gives NFTs (Non-Fungible Tokens) Their Value?

But first, a tour through the seamier side of the internet, supported in large part by the very blockchain that mints NFTs

Here’s the second part of Episode 2 of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert on the wild new online world of digital money, fan gear, contracts, and art. In the first part, Adam and Austin explained how digital collectibles — non-fungible tokens (NFTs) — work (or don’t). In this second part, What are NFTs?, they look at how people use them, with a sidestep into the swashbuckling world of crypto crime: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-199-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. The discussion continued with the NBA’s use of NFTs as the new “trading cards.” How are NFTs like or unlike the iconic cards? Adam Goad: That one…

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Oil drop on water with illuminated background

The NFT Anti-Bubble

When new technology is introduced, there is often a buildup of incredible hype. But eventually, people are going to recognize the limitations of the new technology and it can become irrelevant. Where are NFTs on this “hype curve” and will they continue to exist? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss non-fungible tokens, the economy, and…

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Crypto Virtual Museum and Metaverse internet NFT display as a futuristic streaming media symbol as augmented reality and computer media concept.

When You Buy a Non-Fungible Token (NFT), What Do You Own?

You are buying someone’s digital idea. Just what legal rights that NFT confers is an open question. But the NBA is now selling them…

In the first episode of the discussion between computer engineering prof Robert J. Marks and computer engineering grad students Adam Goad and Austin Egbert (here and here), the discussion started with the projected metaverse and slowly turned to the wild world of cryptocurrencies and non-fungible tokens — like Twitter founder Jack Dorsey’s first tweet. What’s worth knowing about this burgeoning digital world? Here are Bob, Adam, and Austin again in Episode 2, What are NFTs?, Part 1: https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-199-Adam-Goad-Austin-Egbert.mp3 This portion begins at 00:10. A partial transcript, notes, and Additional Resources follow. Robert J. Marks: We have been talking to Adam Goad and Dr. Austin Egbert both at Baylor University about Web3. Web3, which uses distributed computing, is the tool that’s…

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Instagram - @andrewtneel | Donations - paypal.me/AndrewNeel

What Are NFTs?

What’s the big deal with non-fungible tokens (NFTs)? Is it worth it to invest in NFTs? How does copyright work with NFTs? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss non-fungible tokens, blockchain, and cryptocurrency. Additional Resources Adam Goad at IEEE Xplore Dr. Austin Egbert at IEEE Xplore ”Just As Cryptocurrencies Went Mainstream — a Huge Collapse!”…

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computer engineer working with laptop at cryptocurrency mining farm

What’s Really Happening With Bitcoin and Other Cryptos?

In the first part of this week’s podcast, “Web3: The next generation of the internet” (August 4, 2022), Walter Bradley Center director Robert J. Marks talked with graduate student Adam Goad about Web3, the coming internet of more privacy on the one hand and a metaverse of avatars on the other. So, only as wild as you want it to be, maybe. Now, postdoc Austin Egbert joins the discussion as they continue with how, at worst, Web3 could be a bit like sci-fi film Ready Player One. (2018). Note: Re the metaverse, this week’s news reveals that Facebook executives are deserting Mark Zuckerberg’s metaverse in droves: “ … recent retreats point to deeper turmoil inside Meta. Some suggest it lies…

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Automotive Engineer Use Virtual Reality Headset for Virtual Electric Car 3D Model Design Analysis and Improvement. 3D Graphics Visualization Shows Fully Developed Vehicle Prototype Analysed Optimized

Why Don’t Some Tech Moguls Like Web3, the New Internet?

Web3 is a decentralized, less controlled version of the internet, as George Gilder predicted in Life After Google

In this week’s podcast, “Web3: The next generation of the internet” (August 4, 2022), Walter Bradley Center director Robert J. Marks interviews graduate student Adam Goad and Dr. Austin Egbert, both in computer engineering at Baylor University, on the coming decentralization of the internet. With developments like the ones they discuss looming, Big Tech may be seeing a waistline trim. This is the Part I of the first of the three discussions. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-198-Adam-Goad-Austin-Egbert.mp3 A partial transcript and Additional Resources follow. Dr. Marks began by discussing all the services he gets from Google, confessing that he has not needed to go to a library in over two decades. But… Robert J. Marks: Now, is Google just being nice in giving me…

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birds eye view photography of cloudy sky

Web3: The Next Generation of the Internet

Futurist George Gilder forecasts that decentralization of the web is going to be the future of the internet. Data will become more personalized and stored on your local computer instead of in the cloud and companies like Google will have to figure out some way to adjust. Adam Goad and Dr. Austin Egbert discuss blockchain, Web3, decentralization, and the metaverse…