Mind Matters Natural and Artificial Intelligence News and Analysis

TagBitcoin (currency)

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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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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…

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Crypto Currency Digital Market Monitor

Will Popularity Spell Doom for Bitcoin?

How is that possible? Well, Bitcoin and other cryptocurrencies have a hidden weakness…

Cryptocurrencies, from Ethereum to Bitcoin to Dogecoin, seem to be all the rage these days. Altcoins (i.e., lesser-known cryptocurrencies) have become increasingly mainstream. The increasing fracturing and pluralism in the cryptocurrency space has meant that few people are directly trading with any particular currency. Most users go through trading and wallet platforms where the platform —not their own computers—hosts the cryptocurrency. Additionally, transactions are increasingly processed via third parties as well, not directly on the cryptocurrency platform. This separation between the user and the direct cryptocurrency platform has enabled a new option: a payment gateway for a website that collects payments in a number of different cryptocurrencies using a single set of tools. PayPal, one of the top gateways, recently…