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10 FREE tools to hone your edge
Note: this is not a sponsored post – the tweet thread reflects 0xPhillan’s and Web3edge’s opinions on great free tools to use.
In his Twitter thread, @0xPhillan shares 10 free and lesser known tools you can use to help sharpen your edge in Web3. He breaks down the tools by what they are used for, who they are for, and what kind of data access the tools provide you. For the full list of tools, check out the Web3edge resources page.
News | Web3 Highlights
Charles Hoskinsen, Creator of Cardano, sees CBDCs as a threat to individual financial freedom
Central Bank Digital Currencies (CBDCs) are digital tokens issued by a central bank that have the same value as the fiat currency issued by that bank. For example, the US Dollar could have a “Digital” US Dollar that has exactly the same value as the physical currency equivalent. Phrased differently: US$1 =Digital US$1.
Charles Hoskinson argues that CBDCs are the “single-most dangerous innovation that we’ve ever seen in monetary policy”. CBDCs not only give full transparency to central banks and governments about who spends money on what, but also gives them the power to move or destroy any person’s digital assets at any time.
He calls CBDCs:
“…a system where we hand an unlimited monopoly to somebody at any moment to have total control over your entire financial autonomy and your economic access.”
This opens up the possibilities to censorship and oppression, as political groups could use that power to mess with people’s livelihoods that do not agree with their views.
SWIFT is an international cooperative that runs one of the largest payment networks for capital markets, payments, FX and trades. It is a TradFi (traditional finance) behemoth that claims 11,000 banks are connected to their international payment network.
This newsletter is not financial advice, I am not a financial advisor. The information provided by Web3edge is for general informational and educational purposes only. Do your own research before investing. See Disclaimers for more information.