avatarAkos Peterbencze

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gital pieces of art as NFTs. If you are not yet familiar with NFTs, <a href="https://readmedium.com/are-socks-the-new-tulips-4825ab13695b">here’s</a> a quick 101 on them. Over one weekend, with pieces selling from 10s to 100s of thousands of dollars each, Beeple — an ‘average’ dad driving an ‘average’ car — netted 69 million.</p><p id="457e">That, is why you should know of the name Beeple. And why NFTs might be a trend you want to learn more about.</p><p id="f997">Why would anyone buy the ‘digital’ artwork, you may ask? Good question. After all, I just snipped a photo of it above, and pasted it right here, for free, where you also enjoyed it, also for free.<b> So why would someone pay up to 777,777 for one digital artwork, when we can all have access to it?</b></p><p id="9f8f">The sense of ownership, proprietary rights to the ‘original’.</p><p id="1545">Still doesn’t make sense? Well, you are not alone. And not wrong. It does not really make sense.</p><p id="2427">The world is going places we do not yet understand.</p><p id="5b1b">Stay with me for the ride!</p><h2 id="d280">Enter Liink.</h2><p id="735e">And JPM Coin, and Onyx, and Format, and Confirm.</p><p id="83cc">JP Morgan is on top of this.</p><p id="14b8">Here are the cole’s notes.</p><p id="a5ce">A couple of years ago [yes, already], JP Morgan created JPM Coin, a digital coin used to speed up transactions and transfers of USD across the network, built on an Ethereum network they called Quorom. JPM Coin is stable coin, pegged 1:1 to the US Dollar [<a href="https://readmedium.com/three-crypto-trends-to-get-into-early-5cf090b07334">here</a> is a simple explanation of stable coins].</p><p id="1047">If you are asking, why would JP Morgan need a blockchain network to simply trade coins where their value 1:1 US Dollar? Well;</p><ul><li>the coin can be exchanged between entities digitally, instantaneously, without the intermediate ‘processing’ period we sometimes have to get our money transferred.</li><li>To transfer a digital coin, you need a blockchain platform. Hence Quorom.</li><li>Because it is cool and they wanted to get into this! So ‘cool’ that some digital coin enthusiasts don’t even recognize this one as a true digital coin — discrimination in digital coins already!</li></ul><p id="7650">Once they set up Quorom, JPM started a payment messaging system, Liink.</p><p id="1759">The “IIN” in the middle stands for interbank information network. Any bank which joins this network can have access to the ledger of transactions done on the network, i.e. can see every payment which went through on Quorom.</p><p id="e47f">Also using Quorom, JP Morgan went on to start new tech-enabled solutions such as Confirm and Format [JPM seems to be into puns].</p><p id="1124"><b>Confirm </b>is used to validate account info before payment is done, this is so costs are not wasted on potentially fraudulent transactions. <b>Format</b>, you guessed it, checks if the format for payments match and conform to the receiving party’s country’s requirements.</p><p id="2f5f">Today, JPM no longer ow

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ns Quorom, it spun it off and invested in the new owner — ConsenSys — so it can remain independent as it creates more tech solutions.</p><h2 id="c8e1">Next up: Diem.</h2><p id="000b">Diem is Facebook’s digital currency — because, why not.</p><p id="ebaf">Facebook has been trying to get regulatory approval to issue its own stable coin, on its own payment network, Diem Association, for a while. It finally got approval last month.</p><p id="d413">Why is this one in particular an interesting one to watch, especially since it seems everyone wants to issue their own coin? Exhibit A [or F!]: Amazon made a similar announcement recently.</p><p id="3ed3">A Facebook coin has one major advantage — its potential customer base. Diem in itself is ‘just another stable coin’. Facebook however has almost 3 billion users. If, say, 15% of these users adopt Diem, it will far supersede the use of any digital currency so far, including Bitcoin. It will also make it a lot more ‘mainstream’ given the on-the-ground average-person users of Facebook.</p><p id="aedf">Worth keeping an eye out for. Might change the digital currency story.</p><p id="3be4">So, less awkward intro than you expected, I hope? Willing to go for another date? My guess is ‘crypto’ will keep us interested for a few more.</p><p id="2b4a">Quick note, some stories above are not as recent, e.g. JP Morgan’s plays. I included them because the stories continue to evolve, and these terms are making it into mainstream media; this gives the background of what you might come across more often now.</p><p id="f261">Keep watch for more crypto news, and shoot me a response if you want to learn of anything in particular.</p><p id="d2e8">Feel free to join my newsletter <a href="https://www.getrevue.co/profile/ialmouaswas">here</a>, where I send a summary of my weekly articles, usually including one crypto-based.</p><div id="e0c4" class="link-block"> <a href="https://readmedium.com/are-socks-the-new-tulips-4825ab13695b"> <div> <div> <h2>Are SOCKS the New Tulips?</h2> <div><h3>How socks became digital and memes became coins.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*kvKzo_U2ugHXMvGyulkurw.jpeg)"></div> </div> </div> </a> </div><div id="8299" class="link-block"> <a href="https://readmedium.com/three-crypto-trends-to-get-into-early-5cf090b07334"> <div> <div> <h2>Three Crypto Trends to Get into Early</h2> <div><h3>Get ready to pick your favourite content creator.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*E7hcmlmlYS2afQMj4q9TpQ.png)"></div> </div> </div> </a> </div></article></body>

TV, COMEDY

Is ’Space Force’ Really That Terrible?

It’s hard to recognize Michael Scott among these jokes.

Photo: Netflix

Who would’ve thought that the latest collaboration between the creator, Greg Daniels, of the legendary show, The Office, and his long-time peer, Steve Carell, will be a huge misfire?

When the news broke, it created huge anticipation among us, fans. The idea itself, coming from Trump, was such dumb nonsense to begin with, that we couldn’t help but look forward to the release date.

The Office and Parks and Recreation used absurd but hilarious slapstick humor back then, which eventually led them straight into the pantheon of the most popular and greatest sitcoms of all time. I still giggle whenever I think of Michael Scott’s “That’s what she said” jokes, or how passionately Ron Swanson hates people.

I say “eventually” because let’s not forget that both shows started off with a not entirely great first season. That’s something we can hope for to happen to Space Force, but I don’t think that’s the case this time.

“[Space Force] is a show about Trump’s military-industrial complex without a single trace of complexity.” — Charles Bramesco, The Guardian

When the first reviews were published about a week ago, they pretty much knocked back our excitement and landed us on our ass. Of course, you don’t always believe the critics, no matter how hard they try to prove their point. I mean, we are talking about Steve Carell and Greg Daniels here, it can’t be that bad, right?

It isn’t.

But it’s not good either.

One of the major elements that made Greg Daniels’ previous shows so great was that the characters were put in a workplace environment that screamed boredom louder than a math seminar. The ordinary set up immediately allowed the peculiar characters to come alive and shine brighter than a disco ball. The employees of a paper company and a government department quickly became relatable for the audience.

The lack of relatability is Space Force’s first strike. A fictional sixth branch of the United States Armed Forces is not exactly the environment that the average person is familiar with. It could be an advantage, though, but it makes it harder to develop a connection with the audience.

The previously used successful formula of workplace comedies just doesn’t thrive here. Everyone in Space Force is too excessive. The required professionalism in such a department is just way too high to simply drop slapstick humor all over it. It could work as a satire, but clearly, that wasn’t the intention of the creators. Instead, they tried to make a dramedy out of it, and that’s just not believable at all. If not even Carell and Daniels are brave enough to criticize Trump’s presidency and make fun of through a comedy series, I don’t think anyone else is.

Strike two is the characters. Their personalities are weak, they don’t come alive on the screen, and they stay two-dimensional all the way. They are just not funny enough. We don’t like or hate them, they are just there. I mean, how could we forget someone like Dwight Schrute or Andy Dwyer? I just finished watching Space Force a day ago, and I can’t even tell you the name of John Malkovich’s character.

Strike three is the nonexistent plot. There are no exciting stories here, the stakes are just too banal to root for the characters to overcome them. We miss the moments that should create a connection.

However, the reason why Space Force is not utterly terrible as the critics say it’s because General Mark Naird is basically Michael Scott disguised in an Air Force uniform. He is older and more mature now, however, Scott is still underneath that deceptive look being ignorant, clumsy, racist, and adorably big-hearted. When Carell lets him take over, I can’t help but unleash the Office-fan from my heart to greet this old friend. It’s just so good to see him again.

However, Michael Scott only works well with his peers. So it doesn’t matter how great John Malkovich or Ben Schwartz could be if they don’t have the grand material to work with. Space Force is lacking a good script probably more than anything else. Most of the jokes are expired and rusty, not giving any real chance for this superb cast to shine and make us laugh our ass off.

Overall, it’s not unbearable, but it’s far from entertaining television and doesn’t come near to its predecessors. It’s too bad, I miss Michael.

Space Force is streaming on Netflix.

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TV Series
Television
Comedy
Review
Pop Culture
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