Satoshi Nakamoto mentioned Bitcoin’s energy consumption problem, and the Metaverse may make a comeback

Headlines

▌Zhou Hongyi: "Metaverse" concept next year May make a comeback

360 founder Zhou Hongyi said that affected by the launch of Sora by OpenAI, the concept of the metaverse may make a comeback next year. He believes that there are three things that will be of great help to the development of the Metaverse. The first is head-mounted display equipment, including the Vision Pro launched by Apple; the second is that the development of AIGC can produce more 3D content; the third is the use of AI for 3D construction. Model and then render later. Even so, the metaverse is still an applied concept, not a simulation concept. Simulation is still a concept of artificial intelligence.

▌中 Satoshi mentioned Bitcoin energy consumption and law in early emails Censorship and other issues

A recently released batch of emails from Martii "Sirius" Malmi, an early collaborator on the Bitcoin code, shows that Satoshi Nakamoto in 2009 The May email warned that Bitcoin could become a significant consumer of energy. Satoshi wrote: "If it does grow to consume a lot of energy, I think it will still be less wasteful than the labor- and resource-intensive traditional banking activities it replaces. The cost will be more than paying for all the bricks-and-mortar buildings, skyscrapers, and junk mail Billions in credit card offers are an order of magnitude lower in bank fees. But it would be a travesty if we ultimately had to choose between economic freedom and protection." Satoshi Nakamoto also foresaw non-financial uses for blockchain, saying: “Bitcoin is a distributed secure timestamp server for transactions. A few lines of code can create a transaction that contains anything that needs to be timestamped. Extra hashrate.” Satoshi also worried that labeling Bitcoin as an investment could attract legal scrutiny from authorities. He wrote: "I'm still reluctant to explicitly say 'consider it an investment', it's dangerous to say so and you should remove the bullet point. It's okay if they come to this conclusion on their own, but let's not do that describe".

Quotes

As of press time, according to coinmarketcap The data shows:

BTC's recent transaction price was US$50,772.0, with intraday increases and decreases< strong>-1.10%;

ETH’s recent transaction price was US$2926.03, with intraday gains and losses< span style="color: rgb(255, 0, 0);">-1.67%;

BNB’s recent transaction price was US$375.78, with an intraday increase or decrease-2.08% strong>;

ORDI’s recent transaction price was US$58.70, with intraday gains and losses-9.99%;

DOGE’s latest transaction price was $0.08484, intraday Increase or decrease+0.72%;

SOL's recent transaction price was US$99.86, with intraday changes- 2.15%.

Policy

< strong>▌Supreme People’s Procuratorate: Virtual currency has become an important soil for breeding and promoting cyber crimes

Today (23rd), the Supreme People’s Procuratorate held a press conference , Ge Xiaoyan, a member of the Party Leadership Group of the Supreme People's Procuratorate and Deputy Prosecutor General, said that currently cybercrime is accompanied by new technologies and new business formats, and the black and gray industries are accelerating iterative upgrades. New types of cyber crimes using the Metaverse, blockchain, binary futures platforms, etc. as gimmicks are constantly emerging, and virtual currencies have become an important soil for breeding and encouraging cyber crimes.

▌Republican congressman calls government agency's investigation of Bitcoin miners an 'abuse of power'

Minnesota Republican Rep. Tom Emmer said it was an abuse for the U.S. Office of Management and Budget to allow an independent agency to start collecting information on Bitcoin miners' energy use. Emergency powers. Emmer’s letter comes as the Texas Blockchain Commission and Bitcoin mining company Riot Platforms, Inc. sued the U.S. Department of Energy and declared bankruptcy this week.

Blockchain Application

▌Ava Labs Lianchuang: Avalanche mainnet interruption is related to code errors rather than performance processing issues

For Avalanche Regarding the mainnet block outage problem, Ava Labs co-founder Kevin Sekniqi said on the X platform that the problem seems to be a memory pool management error related to gossip. This is purely a code-related error, not a performance processing issue. Inscription seems to have reached the limit of the situation, but Inscription does not affect the performance. The mainnet outage seems to be related to an edge-case bug in memory pool processing. Bug repair testing is currently being carried out on the Avalanche testnet.

▌The Uniswap Foundation released a new proposal to allocate protocol fees to pledged UNI token holders

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The Uniswap Foundation issued a statement stating that the Snapshot voting for the "Activating Uniswap Protocol Governance" proposal will be released on March 1, 2024, and the on-chain voting will be held on March 1, 2024. Beginning on March 8, 2024, the proposal proposes upgrading the protocol so that its fee mechanism rewards UNI token holders who delegate and stake their tokens. The proposed changes include: 1. Upgrade Uniswap protocol governance to achieve license-free and programmatic collection of protocol fees; 2. Distribute any protocol fees proportionally to UNI token holders who have pledged and delegated their voting rights; 3. Allow governance to continue to control core parameters: which pools require payment, and the size of the fee.

Cryptocurrency