Month: January 2021

What is the Metaverse?

Whatever it is – it seems to be where Telos and XAYA are headed!


At Goldsmith Money, we talk blockchain based virtual gaming worlds and economies ad nauseam.

Yes – virtual reality platforms are the future of economic marketplaces!
Yes – these platforms will be built on trustless and decentralised blockchains!
Yes – these new virtual worlds will open up NEW and COUNTLESS opportunities for all!

It seems that we are not the only ones saying it.

Today we came across a terrific essay today by Piers Kicks, titled ‘Into the Void: Where Crypto Meets The Metaverse‘.

Piers introduces what is a new concept to us called ‘The Metaverse’.

The Metaverse: a persistent, live digital universe that affords individuals a sense of agency, social presence, and shared spatial awareness, along with the ability to participate in an extensive virtual economy with profound societal impact.

The essay had actually been tweeted out by Tim Sweeny, CEO of Epic Games (think Fortnite). Seeing the BIG game developers were taking it seriously – so should we.

In keeping the concept simple for us – we think of The Metaverse as the ‘OASIS’ in Earnest Cline’s, Ready Player One. However, we accept that there are a myriad of forms a non-fictional Metaverse might take; and, a good deal of time and development to get there.

According to Piers, FIVE converging verticals would drive the emergence of The Metaverse

  • Culture
  • Content
  • Mediums
  • Standards and Protocols
  • Infrastructure.


The foundation for the fusion of the FIVE verticals however would be blockchain – or more specifically, cryptocurrency and non-fungible tokens (NFTs). Piers writes:

I believe that within NFTs and crypto lie the most elegant solutions to the problems of digital scarcity and uniqueness, digital property rights, large-scale coordination across virtual environments, and robust privacy-focused systems that cannot be exploited for the enrichment of few at the expense of many. Without the assumption of a robust economic membrane, the entire concept of the Metaverse quickly collapses. 


Many of you reading this blog post will already have an understanding of cryptocurrency and NFTs. More than likely you are already part of the Telos or XAYA communities, which we work closely with.

For the XAYA team, The Metaverse is their vision. A universal gaming hub, all built upon a traditional Bitcoin, proof of work, blockchain architecture.

XAYA has the infrastructure in place to ensure secure game asset ownership and facilitate safe trade and provably fair gaming. It is also scalable enough to build MASSIVE MULTIPLAYER VIRTUAL REALITIES.

In the case of Telos – fast, oh so fast. Scalable, smart contract functionality – this blockchain can do anything. From facilitating commercial, administrative and governance functions, it provides for a plethora of virtual currencies, NFTs, games and much, much more.

Both blockchains are already making ground in the FIVE verticals and both have stable and talented teams behind them. Either (or both) of these ‘hidden gems’ could easily be a catalyst in the creation of the inevitable Metaverse.

For you budding Entrepreneurs looking to build your fortunes in this new world, you should take a close look at these two blockchain technologies – along with others. According to Piers, you should familiarise yourself with:

  • Bitcoin and Ethereum; Cryptoeconomics.
  • DAOs, DeFi, Non-fungible Tokens, Social Tokens, Cryptomedia.
  • New business models being unlocked by decentralized networks.
  • New governance models being unlocked by decentralized networks.
  • Intersections of crypto with emerging trends such as direct-to-avatar.

In conclusion Piers writes:

The increased financialization of virtual worlds is upon as the technologies to connect thousands of isolated virtual economies are unleashed.

Find the link to the full essay here.

Enjoy the week ahead! Of course if you are a silver stacker – we are sure you will.

GOLDSMITH.

Telos T-Bonds

Increase Liquidity with Innovative DeFi Solutions


For any enterprise, liquidity is the key to success. Remain cashed up and the doors will stay open. Let the cash run out and so too will the lights.

The Telos community believes that exchange listings are the key to liquidity and the financial success of their public blockchain. Unfortunately, the community did not have the funds necessary to meet the expensive exchange listing fees. Undeterred, this determined and decentralised community set about to make the listings happen.

They first formulated a plan to raise funds. It would need to be innovative and it would need to be appealing to investors.

Next they would build the infrastructure required to make to make the initial fundraising a success and build upon this thereafter.

And they did it. They created their own DeFi fundraising solution. It would take the form of non-fungible tokens (NFT) and they would be called…

T-Bonds



T-Bond NFTs would represent a future entitlement to TLOS tokens, purchased at a discount to the current market price. Quite simple really. However, for a decentralised community to devise and execute such a plan – pure genius!

In order to bring T-Bonds to life, the determined developers of the Telos community would need to build a Bitcoin Peg Token, a secure NFT blockchain core and an entire NFT marketplace. Wallet infrastructure also needed to be updated to accommodate the bonds and then the entire system needed to be audited. In conjunction, designers and marketers would need to do their part to ensure investors would be aware of the opportunity when it arose.

The broader cryptocurrency market had not been blind to the fervor at Telos. In fact, in the 8 weeks leading up to the T-bond sale – the TLOS token price would rise 400%.

Well the day arrived – January 25. And the T-Bonds would sell like hotcakes!

All denominations and all lock-up periods – SOLD, SOLD, SOLD!

It was noted that the big discount, 2 year lockups bonds were one of the most popular NFTs. A signal that the market believes that Telos is here for the long term.

In the first 36 hours of the sale, the community is said to have raised over 3 BTC, more than $US100,000 – a fantastic result! However, this was just the first step toward sustained liquidy.

The BTC from the T-Bonds sale will be used to arrange an Uniswap listing at Ethereum. Telos will look to tap into this $150 Billion Ethereum ERC-20 marketplace for future T-Bond issuances.

In addition, Telos will soon launch its Ethereum Virtual Machine (EVM), enabling the Telos blockchain to do everything Ethereum can do – only much faster and at a much lower cost. EVM would provide Telos with addition income as dApp developers seek to reduce costs within the Ethereum network.

Remaining funds from the T-Bond sales would be used to list Telos on other smaller cryptocurrency exchanges. And future sales – well these will be directed towards listings on large exchanges.


Telos has now become an exciting ecosystem of opportunity and development. With more and more decentralized applications joining weekly, along with new investors, speculators and developers.

The community recently published a roadmap for some of their innovative new technical releases, which includes:

  • dStor – decentralised cloud based document storage. (Q1 – 2021)
  • Telos Private – a bridge between exchanges and Telos, for people who prefer to keep their business and personal matters private. (Q3 – 2021)
  • Telos ID – a secure, blockchain based, personal identification system to assist businesses meet their KYC needs etc. (Q3 – 2021)
  • Telos Location (Q3 – 2021) – allows proof-of-location using the Telos blockchain, while paying users to do “location mining” for the system.

Link to the Telos Roadmap here.

Congratulations to all involved in Telos, on the hugely successful T-Bond sale. The future is indeed looking bright for this community of innovative and thrifty blockchain pioneers. Be sure to watch them closely.

Finally and it would be remiss of me not to mention one of the most exciting Telos developments – which is, without a doubt, our very own Daily Telos, Blockchain Diaries. And there has never been a better time to start recording your legacy, forever enshrined within the blockchain, right here at Goldsmith Money – Daily Telos.

GOLDSMITH.


Please note that the author does hold tokens in Telos and did not participate in the T-Bond sale.

Diary saves the day


The Brett Kavanaugh Story


Never has there been a better example of the need for a diary, than the story of US Supreme Court Justice Brett Kavanaugh.

It was in 2018 that Judge Kavanaugh was nominated for appointment to the Supreme Court by President Donald Trump. Fearing conservative values within the highest court, many on the other side of politics sought to put a stop to the certification. Coincidentally, it was at this exact same time when allegations were first raised about Judge Kavanaugh’s involvement in a sexual assault – back in 1982.

How does one go about disproving an event which is said to have occurred 36 years earlier?

With a diary of course!

This diary.



His diary, kept upon a NorthWestern Mutual Audubon Calendar, was deemed substantive enough to clear Judge Kavanaugh of wrongdoing and the confirmation proceeded. If not for the diary however, Judge Kavanaugh’s career may have been left in tatters.

At Goldsmith Money we discuss diaries ad nauseum – diary, diary, diary.

Successful people keep diaries!

Simple.

Yes, it drives self-improvement through focus, reflection and documented achievement. Of course it does. But it is so much more.

A diary could, as in the case above, prove your innocence. Perhaps in a Court of Law or in the Court of Public Opinion.

Judge Kavanagh’s mother, a judge; and father, an attorney – both highly successful in their own right, had drilled into a young Brett, the importance of keeping a diary. As it turns out, it was perhaps the best advice that two loving parents could have given their son. Now it is your turn.

We have given you the tool – Daily Telos. A blockchain diary, which anyone can use.

Daily Telos is an inexpensive means to record your diary, calendar or journal onto a blockchain.

Trustless, decentralised, timestamped and permanent. So long as the Telos blockchain exists, so too will your diary entry. It is quite possible that your legacy will exist upon the blockchain, until the end of time.

We encourage you to give Daily Telos a go today. It is both easy and engaging. The link to the Daily Telos calendar page is below and you will find getting started links there.

It is important to remember, the success of Judge Kavanaugh’s diary in this case, stemmed from his daily use of it. It was the brief, yet daily entries made throughout his life, which demonstrated that his diary was reliable. And that he was a fit and proper person, worthy of the coveted position of US Supreme Court Justice.

GOLDSMITH.


References:
https://www.thoughtco.com/brett-kavanaugh-4176839
https://nypost.com/2018/09/26/heres-what-brett-kavanaughs-1982-calendar-shows-us/
https://www.richardcyoung.com/supreme-court/judge-kavanaughs-diary-a-life-saver/
https://www.westernjournal.com/kavanaugh-detailed-calendar-summer/

Daily Telos Gold 2021 Commemorative

Goldsmith Money Virtual Mint


To celebrate the recent launch of Daily Telos Blockchain Diaries, the Goldsmith Money Virtual Mint is pleased to announce the release of its first edition – Daily Telos Gold 2021 Commemorative.

Daily Telos Gold 2021 Commemorative – Front

The original Edxseverus design combines exquisite alpha-numeric detail, within a beautifully refined and minted waxy lustre. A true reflective vision, celebrating a conceptual framework for personal reflection and improvement.

The commemorative will be tokenised upon the Telos blockchain, at the AreaX NFT gallery.

Only 20 Daily Telos Gold 2021 Commemoratives will be minted, with an initial sale price of 150 TLOS each

Of the 20, Goldsmith Money intends to purchase the first 8. For distribution among the Daily Telos team and early adopters. The remaining 12 will be available to AreaX collectors.

Daily Telos Gold 2021 Commemorative – Back

We do expect demand to be high – so please be quick to avoid disappointment.

May your life be full of joy, in an open and digital blockchain book.

GOLDSMITH.


via GIPHY


Art by Edx Designs
Links:
https://goldsmith.money/daily-telos/
https://areaxnft.com/
https://media.giphy.com/media/MhGi7YhbaYP24NMCu9/giphy.gif

Diaries and Journals

silver ipad

’10 Surprising Benefits You’ll Get From Journaling’


To achieve financial success, just like any other form of success, you must be willing to sacrifice time in pursuit of your goals. Of course one needs to be effective and efficient in the manner in which the sacrifice is made. Which is where a diary, or a more comprehensive journal, becomes invaluable.

Diaries and journals provide you with structure and discipline; along with focus and clarity – all of which should lead to better time management and more productive outcomes.

Contributor to Huff Post and The Utopian Life, Mr Thai Nguyen, describes the following 10 personal benefits of keeping a daily journal or diary. These are:

  1. Stretching Your IQ.
  2. Evoking Mindfulness.
  3. Achieving Goals.
  4. Enhance Emotional Intelligence.
  5. Boost Memory and Comprehension.
  6. Strengthen Your Self-Discipline; ‘Discipline begets discipline’.
  7. Improve Communication Skills.
  8. Healing.
  9. Spark Your Creativity.
  10. Self-Confidence.

You will find the links to the full article at the bottom of this page.


my secret plan to rule the world book
Photo by Ann H on Pexels.com

Goldsmith Money has understood the financial benefits of a journals and diaries for a long time. However, until now they were best kept in a book or in a digital form you could trust. Well now we have the blockchain. And the blockchain has taken diary and journal storage and maintenance to a whole new level.

We developed Daily Telos as a diary / journal tool for all to use. Built on the Telos blockchain, Daily Telos could be considered public, decentralised and trustless. Your diary can never be lost and it can never be destroyed.

Used as an anonymous public diary or journal you can achieve the 10 benefits outlined by Mr Thai Nguyen, with much convenience.

Used as an open public diary or journal – in addition to the above you might be bridging the gap between traditional journaling and modern social media. By publishing specifics of your targets, trials and achievements you will be publicly bound to your goals – without the tiresome commentary, criticisms and trolls that go with it.

The link to Daily Telos is here.



Getting started on the Telos blockchain is the hardest part – but you will find more information here. And really, this is an easy way to make the leap into blockchain.

As for Telos itself – Telos is a rapidly growing 3rd Generation blockchain, with some very impressive people involved in its ongoing development. Learn more here.

Finally, for those on Telos now – what are you waiting for? Why not jump onto Daily Telos and give it a go today!

Goldsmith.


References and article links.

https://www.huffpost.com/entry/benefits-of-journaling-_b_6648884