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Coin Hunt World is a mobile geo-location game (like pokemon go) that awards cryptocurrencies such as Bitcoin and Ethereum. The game needs players to test it out and provide feedback (via discord) as well as help populate the map with user vaults, report value location issues and report area's that are not very dense.
The way the game works is players are awarded game resources and either BTC or ETH every time they open a vault, which requires a key and correctly answering a trivia question.
Keys and vaults have been automatically scattered all over the USA and Canada (hence the need for real players to explore their area and report issues).
Funds earned in the game can be withdrawn from the game to uphold**! (new feature that rolled out recently and that also needs testing).**
You can also earn crypto by topping the monthly leaderboard (1st place is $100 USD) and participating in many fun events. Check out the blog over at medium for some examples https://coinhuntworld.medium.com/
The game is currently only operating in USA and Canada, but plan are in place to move out to other countries.
Access to the Android Beta App: https://coinhunt.gsc.im/zdFINshVjf
Please head over to the discord after you start playing and have questions or want to chat with the community!
https://discord.com/invite/MBQYRRD
Comment if you have any questions at all.
Happy hunting and stacking!
When I first learned of blockchain technology of course it was easy to see that cryptocurrency was the most straightforward use case because by that time Bitcoin had already proved itself out and there were many others trying to improve on the path BTC carved out. While it was easy to see the value of cryptocurrencies I was interested in what was next. What would be the next use case of blockchain technology that would disrupt an industry causing coins worth pennies to exploding and be worth thousands of dollars.
I know I can’t be the only one looking for the next earth-shattering idea that will blast their rocket right past the moon and straight to Jupiter. I am hoping here we can share the projects we are aware of that have different use cases other than just “traditional” crypto, especially if they might not be hot or hyped right now so we can invest early and potentially make generational wealth if they do create a new standard.
If you cannot explain what you can use the coin for, or what it does, it does not belong in this thread. I will post two I have found and please share others we might not all be aware of. Let’s find the next big thing together.
Wagerr (WGR) – It is the first and only sportsbook on the blockchain. To be clear this isn’t like the hundreds of centralized sportsbooks that accept crypto as payment, everything actually takes place on the blockchain. Bettors hold their coins in their own wallet; in control of their funds at all times. Bets are placed on the blockchain and winning bets are paid out by smart contracts after game results are fed onto the blockchain by an oracle system. Investors can “be the house” as normal sportsbook “profits” are distributed to those holding WGR. Why is a sportsbook on the blockchain needed? No geo-restriction, no more giving your personal info to off-shore books, being able to bet as much as you want with no limits, and no more begging for withdrawals from a sportsbook holding your money. Wagerr is fully functional and on average there is over $100,000 worth of WGR bet on sports every single day on the platform.
GET Protocol (GET) – It is a blockchain based ticketing system, think sports games, concerts, events. You might think why is this revolutionary? First, no more getting scammed as you can verify each ticket’s authenticity on the blockchain. This is cool, but what I think is game changing is tickets as NFT’s. Now you can write rules into the tickets. The best example I think there is of this is imagine being a ticket seller and writing a rule that if the ticket is resold by the buyer at a profit (aka the ticket is scalped) that 50% of that profit will go back to the original ticket seller. Do you now see why every band, NFL team, etc. would want to use GET for their tickets? GET is also operational and selling tens of thousands of tickets as we speak.
These are the two best “new” blockchain uses cases I am aware of. I just found out about GET through a friend a few months ago. I’m sure there are many more I am unaware of, please share in the comments. PLEASE DO NOT JUST WRITE THE NAME OF THE COIN, save us all a little time like I have and give us a brief breakdown of the use case and why it could change the game.
Centralization has disadvantages, the most obvious of which is the loss of independence and freedom by the majority in case the elected or established centralized power base either goes out of control, becomes corrupt, or is taken over by malicious external forces. Centralization can act both in the benefit of the majority and against it. But the biggest disadvantage of centralization is the abuse of the power granted to it. Corruption, profiteering, embezzlement and other unsightly manifestations of centralization are many in governments and large corporations, spreading to entire industries and, ultimately, affecting the welfare of the majority.
Decentralizing Authority
The advent of blockchain technologies has led to the emergence of a new kind of authority-making mechanism that was to become as decentralized as the blockchain network supporting it. The DAO, or Decentralized Autonomous Organization – is a completely autonomous organization capable of acting in any area or industry via a set of computerized nodes on the blockchain and program coding that ensure its viability, immutability and transparency.
In essence, a DAO can be fully independent of human interference through its reliance on the smart contract structure that allows it to communicate with the real world and receive vital input about external events. Though autonomous by code, a DAO is run by its members, who are bound by a single idea that the DAO was built for and upon. No contract obligations or paperwork exist in a DAO and all major decisions are made on the basis of proposals submitted by the members of the DAO. Much like in a voting process for elections or in decision-making in corporations at meetings of board directors, the members of the DAO vote on the proposals submitted and a basic majority of votes wins to pass or reject a proposal.
The members eligible for voting are called stakeholders, as they hold some part of the DAO’s issued internal currency, or have some share of its computing power. Some other forms of DAOs have proposals passed not by majority voting, but on the basis of fulfillment of some form of consensus algorithm that stands at the base of the DAO in the form of a set of rules.
The lack of a hierarchy is what sets DAOs apart from corporations and centralized authorities, as all members and stakeholders of the DAO have equal voting rights, regardless of the size of their stake. Though a DAO may look like an ideal democracy, the fact is that the interests of the members of the DAO are governed by common economic interests that are usually found at the base of all cryptocurrency economics in the form of the game theory.
The Advantages
DAOs have a major advantage over centralized organizations, as they have no leader or single decision-making entity called a principal agent. The dispersal of decision making throughout the members of the DAO makes it impossible for a majority to be formed on the basis of malignant intent, a conspiracy or insider information, thus ensuring that all decisions are transparent and their reasons evident.
Such decentralization makes corruption impossible in a DAO. In addition, the possibility of a majority taking over the organization and taking decisions on the behalf of the remaining minority is also impossible, given the fact that the stakeholders do not know and cannot physically know each other due to their geographic locations in various parts of the world.
The blockchain ensures the immutability and transparency of all transactions and decisions in a DAO, acting as the guarantor of fairness. The Bitcoin network is an excellent example of a DAO with the protocol acting as the main ruleset for all members of the network, while the currency acts as the mechanism that sets their actions in motion as an incentive instrument.
In essence, a DAO can be applied not only to base cryptocurrency operations, but real-world mechanisms requiring transparency, such as elections, government processes, corporate governance, and much more.
Full-Proof?
DAOs have been faced with criticism, considering that they do not hold any legal status under any legislative base or regulatory framework in any country. In addition to legal issues, DAOs have been accused of being susceptible to a 51% Attack, during which hackers may take control of a majority of the stakes in the organization and thus take centralized decisions. Finally, though autonomous, there is a chance that a majority of stakeholders of a DAO may cooperate and form a centralized point of governance and thus take control of a DAO.
Conclusion
A DAO is an online democracy in which the members of a community coordinate for the common benefit guided by a common goal with no fear of being governed by a central authority. Though the applications of DAOs are many, only time will tell if their digital manifestation can eventually be applied to real-world issues.
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📲 For the latest news and events, follow and subscribe to their official social media pages:
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#carr #carnomaly #exchange #blockchain #token #cryptoreward #freetoken #carrtoken #freecrypto #presale #decentralized #cryptocurrencies #trading #IEO #luxurycars #decentralizedfinance #btc #bitcoin #eth #usd #usdt #cryptocurrency #giveaways #cryptoreward #crypto
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