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Strong Economic Indicators Abound As Cross-Sector Bitcoin Adoption Grows | Lovesurf Social 2022

Strong Economic Indicators Abound As Cross-Sector Bitcoin Adoption Grows

Joe Biden’s recent budget proposal would result in significant budget deficits for the foreseeable future. Janet Yellen supported the measures, despite her admittance that it may affect inflation and interest rates. Several U.S. states are clamoring to lead the cryptocurrency revolution within the country by offering tax incentives and legal frameworks for investing. Notable investors, including Carl Icahn and Ray Dalio, are increasingly optimistic about Bitcoin, and FinTech companies continue adding support for Bitcoin. Biden Pushes Several Spending Measures While The Economy Continues Its Recovery The Biden administration announced a $6 trillion budget proposal with an expected annual budget deficit of $1.3 trillion. The plan includes increased spending on education, healthcare, and investments into renewable energy. Janet Yellen supported the proposed spending increases, stating that “these are investments our economy needs to be competitive and to be productive”. Senate Republicans have countered Biden’s $1.7 trillion infrastructure package with a proposal that allocates $928 billion to infrastructure development. Meanwhile, economic recovery is showing signs of being well underway; last week, jobless claims marked a post-pandemic low of 406,000. In addition, consumer spending rose 0.5% in April, and is now just 2% below the previous highs from February 2020. The S&P 500 …

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Safemoon Review: Ponzi Scheme Or Legitimate Project? | Lovesurf Social 2022

SafeMoon Review: Ponzi Scheme or Legitimate Project?

SafeMoon is one of the newest and fastest growing altcoins, even in the crazy cryptocurrency market that’s seen a good number of tokens increase in value by thousands or even tens of thousands of percent in 2021. Launched on March 8, 2021 it is a BEP20 token that exists on the Binance Smart Chain. It’s also quite unusual in a world of cryptocurrencies that are trying to reduce transaction fees to promote trading because it actually taxes sellers, thus penalizing users for trading the token. In some respects it seems like SafeMoon is following the same approach to cryptocurrencies that value investors like Warren Buffet and Charlie Munger take to stocks. That is to follow a buy and hold philosophy, where those who hold the longest receive the greatest rewards. Featured Image via Shutterstock The development team hopes this type of approach will help cryptocurrencies move away from the wild west perception they currently have. As it says on the SafeMoon Facebook page:  Remember, getting to the moon takes time and the longer you hold, the more tokens you pick up. With the prospect of infinitely increasing token generation (so long as you don’t sell), and with a price that’s …

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A Meta Consequence Of Remote Work | Lovesurf Social 2022

A Meta Consequence of Remote Work

The digital age is creating new work styles that conflict with the management styles from the post industrial and early information age. Remote work is an example of a paradigm shift that is here to stay. And because it’s here to stay, it’s important to look down the road at some of the meta consequences of remote work. For example: how might society change as a result of large scale and prolonged remote work? At a high level, it sets society on a collision course between past and future needs. Here’s how. Look ahead 6 to 12 months. Remote work has scaled across organizations on a permanent basis. Hybrid office models have rolled out and workers only appear in the office several times a week. While more traditional workstyles are held onto by managers that believe productivity is lost by remote teams. Simultaneously, the pandemic lockdown policies are rolling back. It may not be the same lifestyle from before the pandemic, but it’s much closer to the true quality of life that people can expect. And that means these new workstyle models will reap the full benefits that remote work can offer. But now that life is returning to normal, …

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The Rising Geopolitical Threat – Economic Damage By Cyber Attack | Lovesurf Social 2022

The Rising Geopolitical Threat – Economic Damage by Cyber Attack

The economic damage caused by cyber attacks in the Digital Age is becoming a geopolitical fault line. In time, cyber attacks will lead to kinetic warfare because of the increasing amount of collateral damage they cause. In this article, I cover why digital attacks are becoming more impactful, including examples of recent events that showcase modern impacts of cyber attacks, and I’ll prescribe some immediate solutions society should adopt. The bottom line: Cyber attacks are becoming a digital age fault line and require a modern and digitally native approach to security. The sooner these attacks are viewed from a digital age lens the more likely it is the world avoids physical conflict. National Infrastructure is Vulnerable to Digital Attacks Governments don’t need to resort to kinetic warfare to harm a geopolitical rival. Instead, they can use cyberattacks to economically cripple an enemy. Cyber attacks are effective weapons because modern infrastructure is increasingly integrated with digital systems. “A cyberattack is a malicious and deliberate attempt by an individual or organization to breach the information system of another individual or organization. Usually, the attacker seeks some type of benefit from disrupting the victim’s network.” Source: Cisco – What are the Most Common …

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New Beginnings | Lovesurf Social 2022

New Beginnings

I quit my job to start a media company covering the Digital Age and how its creating a new class of people. The Sovereign Individual class. Why did I do this? Because I’ve learned that I’m not alone in believing that our modern societal narratives are breaking down. We are living through a paradigm shift. The choices we make to lead fulfilling lives are evolving. The communal expectations and institutions that shape our lives and actions are becoming obsolete in the face of our changing society. As industrial and early information age narratives break down, there is a need to explain what’s happening as the world moves deeper into the Digital Age. How will this transition impact all of society moving forward? How do our choices change in an increasingly Digital World? Do we teach our children different skills? Should we seek out remote work? If we do work remotely, how might we reevaluate our living situations? When you combine the emergence of transformative digital technologies of the past decade, it’s not hard to see that the world is accelerating into a timeline of sweeping change. And these changes are consequential for how we live. This brief essay explains what …

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Global Network Value In The Digital Age | Lovesurf Social 2022

Global Network Value In the Digital Age

Think of the digital age as the Networked age. In this age, the creation of global network value is what will drive economic growth for the foreseeable future. The Digital Age values anything and everything that expands the globally connected network of people, products, and services. If you want to profit from the expansion of the Digital Age, you must understand the mechanisms driving network value. Understanding the value drivers of this age requires an understanding of Metcalf’s Law. The value of a network is proportional to the square of the connected users. This means that in the Digital Age, the larger your network access, the greater your ability to accumulate value. To that end – in this Digital Age, to build wealth and gain influence, your goal should be to embrace anyone and anything that can expand your network. The people that promote you and your work are valuable to you. The people and advertising mechanisms that can extend your reach are valuable to you. Most importantly, your ability to create ways of gathering, organizing, and retaining your network into communities is what will drive value on a personal level. In the Digital Age, the most important network nodes …

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Stacks (Stx) Review: Making Bitcoin Programmable | Lovesurf Social 2022

Stacks (STX) Review: Making Bitcoin Programmable

Stacks 2.0 is the rebranded and upgraded iteration of Blockstack addressing the utility and scalability issues that affect the Bitcoin network. It is a layer-1 blockchain that assists in using smart contracts and dApps indirectly on Bitcoin’s network. In order to achieve this the team has created a new and unique consensus mechanism they’ve dubbed Proof of Transfer (PoX) which connects the Bitcoin and Stacks blockchains. In this design the Stacks blockchain contains the smart contracts, whereas the Bitcoin layer acts as the finality and security layer. Leader elections occur on the Bitcoin blockchain, while new blocks are written to the connected Stacks blockchain. In this network construction the Stacks blockchain transactions are capable of scaling independent of the Bitcoin blockchain. Bitcoin’s chain is only needed for security and finality. This means that thousands of transactions on the Stacks blockchain result in just one single hash on Bitcoin’s blockchain. These Stacks transactions are settled on Bitcoin automatically each time a block is created on Bitcoin. In addition, Stacks introduces a new concept of microblocks that provide confirmation in seconds. The microblock idea is the main direction for scalability research, where a theoretically faster consensus algorithm like PoX can use microblocks …

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Why Lifestyle Investment Strategies Should Constantly Evolve | Lovesurf Social 2022

Why Lifestyle Investment Strategies Should Constantly Evolve

Most people use a simple and straightforward approach to investing. They assume it’s simply a means to prepare for retirement. But really investing is a delicate balancing act that should change according to your lifestyle needs. A Sovereign Individual uses lifestyle investment strategies as a means to support freedom of choice and self sufficiency. They use investing as a way to cultivate the life they want to live. Unlike retirement investing, lifestyle investment strategies require constant adaptation and need to evolve according to short, medium, and long term goals. For example, a Sovereign Individual approaches short to medium term investing as a way to angel invest in themselves. They invest in growth assets to build a fund that can be used to start or buy an income stream. It helps create a multiple income portfolio. But angel investing in yourself is more complicated than outlining the purpose of separate investment funds. Unlike retirement planning, your short term goals frequently shift and when they do, so too should your investment strategies. If you don’t shift your investment strategies according to your needs, you won’t be able to effectively use those funds to pay for the lifestyle you’re pursuing. Here’s what you …

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