Category: Science

AI Agents, AI Tools, Artificial Intelligence, Banking, Blockchains, cryptography, Decentralized, Digital Currency, Science, tokenization, Uncategorized, Yogi Nelson

🕵️ The Perils of a Central Bank Digital Dollar: A Privacy Advocate’s Perspective

Yogi Nelson

Welcome to the BlockchainAIForum.

As the U.S. government explores the creation of a Central Bank Digital Currency (CBDC)—often referred to as a Digital Dollar—privacy advocates are raising serious concerns. Supporters say it could make payments faster and more efficient. But critics warn that a government-issued digital currency might also bring surveillance, financial control, and an unprecedented invasion of personal privacy. In this article, we break down the risks that worry privacy advocates most.

🏛️ What Is a Central Bank Digital Currency?

A Central Bank Digital Currency (CBDC) is a digital version of a country’s national currency, issued and backed by its central bank. In the U.S., this would mean digital dollars issued by the Federal Reserve. Unlike cryptocurrencies such as Bitcoin or Ethereum, a CBDC would not be decentralized. It would be fully controlled by the government. You wouldn’t hold it in a private wallet—you’d likely hold it in a centralized account, possibly maintained by the Fed or in partnership with commercial banks.

👀 Total Transaction Visibility

One of the biggest concerns about a digital dollar is that it could give the federal government complete visibility into your financial life.

  • Every transaction could be tracked in real time.
  • Anonymous cash payments would become nearly impossible.
  • Spending habits, charitable donations, political contributions, and personal purchases would all leave a digital trail.

For privacy advocates, this level of financial surveillance is unacceptable. It could allow the government to create detailed profiles of every citizen’s economic behavior.

🎛️ Programmable Money = Programmable Control

CBDCs could also be programmable, meaning the government (or authorized entities) could set rules for how the money is used. For example, in theory:

  • Your digital dollars could expire after a certain date.
  • You could be restricted from spending money on specific products or services.
  • Your funds could be frozen or withdrawn instantly without due process.

While this kind of programmability might sound useful for fraud prevention or emergency aid, privacy advocates argue it gives the state too much power over personal economic freedom.

🧱 End of Financial Anonymity

Today, cash allows for a degree of financial privacy. You can give to charity, buy a book, or tip someone without it being logged forever in a database. With a digital dollar:

  • Every dollar you spend or receive would be logged.
  • The government (and possibly third-party contractors) could access and analyze this data.
  • Over time, this could lead to profiling, behavioral predictions, or even social scoring.

For those concerned about civil liberties, this opens the door to a surveillance state unlike anything previously seen in the U.S.

⚖️ Potential for Abuse

Even if the current government promises to respect privacy, future administrations may not. History has shown that surveillance tools are often expanded, repurposed, or abused over time.

  • What begins as a tool for stopping crime could be used to monitor protestors.
  • What begins as financial oversight could be twisted into financial censorship.

CBDCs could allow future governments to punish dissent, blacklist individuals, or target communities—all with the push of a button.

🔓 Cybersecurity & Data Breaches

A digital dollar system would become a prime target for hackers, both foreign and domestic.

  • What happens if the central database is breached?
  • Could bad actors steal identities or manipulate balances?
  • What if a state-level actor tampers with data to destabilize the U.S. economy?

Centralizing the financial infrastructure introduces a single point of failure, putting every citizen’s finances and personal data at risk.

🌐 The End of Decentralization?

Privacy advocates and crypto enthusiasts believe that money should be decentralized, like Bitcoin and Ethereum. These decentralized systems:

  • Allow users to hold and spend funds without a central authority.
  • Provide transparency without surveillance.
  • Empower individuals, especially in countries with unstable governments.

A CBDC moves in the opposite direction: toward centralized control, top-down regulation, and government oversight.

📉 Chilling Effect on Free Speech and Behavior

Imagine a world where your digital dollar account is flagged because you donated to an “unpopular” cause or purchased politically sensitive material. Even if nothing illegal has occurred, knowing you’re being watched changes how you behave. This is known as the chilling effect—and it undermines free speech, free association, and personal autonomy.

✅ Key Takeaways

Privacy rights advocates worry that a Central Bank Digital Dollar could:

  • 👁️ Enable mass financial surveillance
  • 🎛️ Give the government programmable control over your money
  • 🚫 Erase financial anonymity
  • 🧱 Be abused by future administrations
  • 🔓 Introduce cybersecurity risks
  • 🌐 Undermine decentralized, citizen-led finance
  • 📉 Chill personal freedom and speech

While efficiency and modernization are important goals, critics argue they should not come at the cost of basic civil liberties.

💡 Conclusion

A Central Bank Digital Dollar might seem like a high-tech upgrade to the financial system, but privacy advocates see it as a dangerous leap toward total government control. Without robust safeguards, transparency, and citizen oversight, a digital dollar could become a tool not of empowerment—but of financial surveillance and political control. As discussions continue in Washington and at the Federal Reserve, now is the time for citizens to speak up and demand that privacy—not just convenience—be a non-negotiable cornerstone of any future financial system.

Until next time,

Yogi Nelson

AI Agents, AI Tools, Artificial Intelligence, Science, Uncategorized, Yogi Nelson

🖥️ Why Nvidia’s Computer Chips Are the Best in the World

Yogi Nelson

Welcome to the BlockchainAIForum

Nvidia is widely seen as the leader in making the world’s most powerful computer chips, especially for graphics, artificial intelligence (AI), and advanced computing. But what exactly makes Nvidia’s technology so special? In this article, we will explain, in simple language, why Nvidia’s chips are considered the best, looking at their technology, production, and unique capabilities.

⚙️ What Are Nvidia Chips?

Nvidia designs GPUs (Graphics Processing Units). Originally built to make video games look amazing, GPUs have evolved into essential tools for AI, scientific computing, and cryptocurrency mining. Unlike regular CPUs (Central Processing Units), GPUs can do thousands of calculations at once, making them perfect for:

  • ✅ Gaming
  • ✅ Artificial intelligence
  • ✅ Scientific simulations
  • ✅ Data centers
  • ✅ Blockchain processing

🚀 Parallel Processing Power

One major advantage of Nvidia’s chips is parallel processing.

  • CPUs have a few powerful cores that do tasks one at a time.
  • GPUs have thousands of smaller cores that work in parallel.

This design lets Nvidia GPUs handle massive amounts of data quickly. For AI models or crypto mining, this means:

  • ✅ Faster training of machine learning models
  • ✅ More efficient processing of transactions
  • ✅ Better performance for simulations

In simple terms: Nvidia’s GPUs can do many things at once better than anyone else.

💻 Cutting-Edge Architecture

Nvidia is famous for constantly improving its chip architecture. Each generation brings:

  • ✅ More cores
  • ✅ Faster memory
  • ✅ Lower power use

For example, recent architectures like Ampere and Hopper are designed specifically for AI workloads, with:

  • Tensor Cores: Special circuits for matrix math used in AI
  • Ray-Tracing Cores: Advanced lighting for realistic graphics
  • Better energy efficiency

These innovations keep Nvidia ahead of the competition in both gaming and AI.

🧠 AI-Optimized Hardware

What really sets Nvidia apart is how well its chips are built for artificial intelligence.

  • Tensor Cores can handle AI operations much faster than standard GPU cores.
  • Nvidia has designed these cores specifically for deep learning.

This makes Nvidia GPUs the top choice for:

  • ✅ Training massive AI models
  • ✅ Running AI in data centers
  • ✅ Powering self-driving cars

If you use ChatGPT or image generators, chances are they ran on Nvidia hardware.

🔗 Industry-Leading Software

Nvidia doesn’t just sell hardware. It also builds world-class software.

✅ CUDA: A programming platform that lets developers use Nvidia GPUs for everything from science to crypto.

✅ cuDNN: A library for deep learning tasks, used by major AI companies.

✅ Nvidia AI Enterprise: Tools for deploying AI in the real world.

This tight integration of software and hardware makes Nvidia chips easier and more powerful to use.

🏭 Advanced Production Process

Nvidia doesn’t manufacture its own chips but works with the best in the business.

✅ Nvidia designs the chips.
✅ Companies like TSMC (Taiwan Semiconductor Manufacturing Company) build them using cutting-edge fabrication processes.

These factories can make chips with features measured in nanometers (billionths of a meter), allowing:

  • More transistors on a single chip
  • Lower power usage
  • Faster performance

This advanced production gives Nvidia an edge in both speed and efficiency.

🌎 Wide Range of Uses

Nvidia’s technology isn’t just for gamers or AI researchers. Their GPUs power:

  • ✅ Scientific research (e.g., weather prediction)
  • ✅ Cryptocurrency mining
  • ✅ Data centers and cloud computing
  • ✅ Automotive (self-driving car systems)
  • ✅ Medical imaging and diagnostics

This versatility ensures huge demand for their chips.

🏆 Market Leadership and Ecosystem

Another reason Nvidia is #1 is its ecosystem.

  • Developers, researchers, and companies rely on Nvidia’s software and training tools.
  • Nvidia invests in research partnerships and industry standards.
  • They support academic research and startups building on Nvidia technology.

This creates a virtuous cycle:

✅ More developers use Nvidia → More software is optimized → More demand for Nvidia GPUs.

✅ Key Reasons Nvidia Leads

To sum it up, Nvidia’s computer chips are the best because of:

  • ⚡ Advanced parallel processing power
  • 🧠 AI-focused architecture like Tensor Cores
  • 💻 Industry-leading software (CUDA, cuDNN)
  • 🏭 Cutting-edge manufacturing via partners like TSMC
  • 🌎 Versatile use across gaming, AI, crypto, science, and more
  • 🏆 A strong ecosystem that supports developers and companies

💡 Conclusion

Nvidia’s GPUs have evolved far beyond their gaming roots. They now power everything from blockbuster video games to advanced AI research and cryptocurrency networks.

What makes Nvidia special is not just raw performance, but the complete package: hardware designed for the future, software that empowers developers, and an ecosystem that keeps them ahead of the competition.

As technology keeps advancing, Nvidia continues to lead the way, building the world’s most powerful and versatile computer chips.

Until next time,

Yogi Nelson

AI Agents, AI Tools, Artificial Intelligence, Banking, Blockchains, cryptography, Decentralized, Digital Currency, international aid, International Finance, Productivity, Science, Uncategorized, Yogi Nelson

The Advantages of Stablecoins for Sending Remittances and International Payments

Yogi Nelson

🌍💸

By Yogi Nelson

Welcome to the BlockchainAIForum where your technology questions are answered. Today we answer the following question: What are the advantages of stablecoins to transmit remittances and international payments?

Sending money across borders has long been expensive, slow, and sometimes unreliable. Millions of families around the world rely on remittances—money sent home by people working abroad. Traditional methods often take days to arrive and cost a big chunk of the amount sent in fees.

Enter stablecoins: a type of cryptocurrency designed to hold a steady value, usually pegged to a traditional currency like the U.S. dollar. While “crypto” might sound complicated or risky, stablecoins have clear advantages for cross-border payments—especially for everyday people who just want to get money to loved ones quickly and cheaply. Below, let’s explore what makes stablecoins such a game-changer for international payments.

🕰️ 1️⃣ Faster Transfers

Traditional money transfers often rely on banks and money transfer operators. These institutions use old payment networks that involve multiple middlemen. It can take 2–5 business days for the money to arrive. I can speak from personal experience–too slow in today’s world.

✅ With stablecoins:

  • Transfers are nearly instant or settle in minutes.
  • Blockchain networks operate 24/7, including weekends and holidays.

Example: Sending USDC (a popular U.S. dollar-pegged stablecoin) from the U.S. to someone in Panama can take under 10 minutes, compared to days via bank wires.

💰 2️⃣ Lower Fees

Sending money internationally is notoriously expensive. According to the World Bank, the average remittance fee is around 6% globally—and even higher in some regions. Banco Popular charged me $100 to send $5,000 to Panama. Way too expensive!

✅ Stablecoins reduce fees because:

  • No need for multiple banks to process the payment.
  • No foreign exchange markup if both sender and receiver use the same stablecoin (e.g., USDC, USDT).

Example:

  • $100 sent via Western Union might cost $6–10 in fees.
  • $100 sent as a stablecoin can cost under $1 in network fees, depending on the blockchain used.

🌐 3️⃣ Global Accessibility

Many people in developing countries do not have bank accounts. But they often have smartphones. Stablecoins can be sent, received, and stored on mobile wallets, without the need for a traditional bank.

✅ Key benefits:

  • Financial inclusion for the unbanked or underbanked.
  • Access to USD-equivalent value without needing a dollar bank account.

Example: A worker in the U.S. can send USDC to a family member in El Salvador who holds it in a smartphone wallet, without needing local bank infrastructure.

💵 4️⃣ Protection Against Local Currency Volatility

In some countries, local currencies lose value quickly due to inflation. Receiving money in local currency may mean losing purchasing power almost immediately.

✅ Stablecoins help by:

  • Being pegged to stable currencies like USD.
  • Preserving value across borders and over time.

Example: A family in Argentina might prefer to receive USDC instead of pesos, protecting their remittance from inflation.

🔐 5️⃣ Transparency and Security

Stablecoin transactions are recorded on blockchains, which are public, auditable ledgers. This adds an extra layer of security and transparency.

✅ Advantages:

  • Sender and receiver can track the transfer in real-time.
  • Less risk of funds being lost in transit.
  • Resistant to censorship and freezes compared to some traditional systems.

⚡️ How Does It Work in Practice?

Here’s a simplified step-by-step:

  1. Sender buys stablecoins on an exchange or app.
  2. Sender transfers stablecoins to the recipient’s wallet address.
  3. Recipient receives them instantly or in minutes.
  4. Recipient can hold them, spend them where accepted, or convert to local currency.

This simple flow cuts out middlemen and delays.

🌟 Conclusion: A Better Way to Send Money

Stablecoins are not just a trend. They offer real, practical benefits for millions who rely on international payments:

  • ✅ Faster delivery times.
  • ✅ Lower costs.
  • ✅ Greater accessibility.
  • ✅ Protection from inflation.
  • ✅ Transparent and secure transactions.

Of course, challenges remain, like educating users, ensuring good regulation, and making stablecoins easy to cash out locally. But as adoption grows, these hurdles are being addressed.

For many families, stablecoins are already changing the way money crosses borders, making remittances fairer and more efficient.

💬 My closing thought comes from Ethiopia where they say: “a fool is thirsty in the midst of water.” If you have thoughts or questions about stablecoins and remittances, drop them in the comments below!

Until Next time,

Yogi Nelson

Artificial Intelligence, Blockchains, cryptography, Decentralized, Patents, Science, Uncategorized, Yogi Nelson

Access to technology is a human right, not a copyright

Yogi Nelson

Welcome to the BlockchainAIForum where your technologies questions are answered. Today, part three of the Unbound Science project is on the menu. In this final series, I cover the project in greater detail, including: challenges facing science, maintaining organizational governance and financial independence, platform economics, and more!

At Unbound Science we believe scientific research has never been free to truly explore the unknown and we have made it our mission to unbind science. Throughout the course of human society, science has been subjected to control for reasons that include ideological, political, religious, and of course economic. The Unbound Science platform encourages imagination and fringe experimentation. However, some knowledge could be catastrophic in the wrong hands. Potentially dangerous research proposals, including but not limited to military weapons, experimentation with black holes, nuclear energy, and DNA modification, therefore will not be permitted. 

Challenges Facing Science: Unbound Science proposes to address the six most pressing challenges facing independent science research:

Corruption: Until now, science has been dominated by agenda-based research. Facts have been created in controlled experiments, as opposed to funding open experimentation to discover the actual truth. Unbound Science has come up with a way to disintermediate the donor’s agenda.

Security: Undoubtedly, scientific research that destabilizes the status quo can jeopardize the security of scientists. Scientists who disrupt society through their inventions could face security threats from business/government incumbents who fear losing oligopoly market power, or ideological fanatics who are enemies of progress.

Preservation: Stop for a second and consider all the science humanity has lost due to destruction, be it natural or man-made. Lost science is a crime against humanity. Unbound Science is committed to do its part to end the tragedy of lost science research.

Finance: Financial independence is nearly impossible for the vast majority of scientists. Often scientists spend inordinate time soliciting grant applications and thereafter submitting monitoring reports to the handful of granting institutions.

Subjugation: Unbound Science envisions an end to the current system where new technologies allow one society to take great advantages over all others, and remove their freedoms and even their own ability to advance as a society. It has taken generations and even centuries for subjugated peoples to even get back to zero, let alone be able to compete on the global stage. By empowering the entire workforce of 8 billion people on the planet with the same access to tools and capabilities, human progress can accelerate forward like never seen before.

Distribution: One marketplace to share plans and rights across the world, in a single click! Scientists can generate recurring revenue from different contracts, including consulting, licensing, and leasing their IP. They can track all their clients and royalty payments from one place, instead of having to worry about cheap knock-offs and lawsuits hampering the true representation of their work.

Solutions to the Challenges Facing Science

Complex problems require comprehensive solutions. Hence, Unbound Science proposes an open-source scientific research platform, driven by and for the community. Our summarized solutions to the sxi challenges are listed below:

Addressing Corruption: We surveyed which sectors could provide the largest amount ofdisruption and benefit to mankind, and have not yet been adequately addressed by traditional science, Open-Source Science, or DeSci yet. Therefore, we’ve selected four areas to start, with more potentially being added later. At platform launch, benefactors may elect to contribute to one of four pools:

  • Energy
  • Food Technology (air, water, soil)
  • Pollution (focus on clean-up)
  • Quantum Research

Instead of a benefactor donating directly to a project listed on a proposal board, the funds are donated to a pool. These funding pools are controlled through votes, with different weights given to donors, scientists, partnership science foundations, and the Open-Source Science community. These donation pools are powered by cryptocurrency, and legally owned by a tax-optimized entity for issuing tax write-offs to donors (where applicable).

Addressing Security: Scientists may opt to stay anonymous or pseudonymous, building an on-chain reputation and be judged solely by the merits of their work, both for their physical protection and for the sake of fairness. If you can do the work, your formal educational background (or employment) does not matter. Of course, a scientist with an already prestigious track record may choose to display their full personal information, for the sake of obtaining funding and asserting a greater influence.

Addressing Preservation: To participate, scientists agree to upload all research data, notes, blueprints, and final instructions for replication to blockchain(s). Scientists can choose a variety of mechanisms for when to begin sharing this data, such as keeping it private until their work is complete, or their life is presumed to have ended.

Addressing Finance: The platform features a “YouTube-like” interface, with a game-show-atmosphere experience for scientists to pitch concepts to a rotating panel of judges, who host the funding competition in seasons, each with several phases. Scientists no longer have to fill out an enormous application and wait six months for a few thousand dollars. They can simply submit a 5—8 minute video describing their idea. Winners in phase one are awarded their requested budget to develop a Proof of Concept. Winners in Phase 2 are given their requested budget to create a final prototype ready for mass production. Winners in Phase 3 are awarded their requested budget to create a mass production factory and further innovation laboratory.

Addressing Subjugation: In return for funding, scientists must declare their inventions open-source, and share all of their experiment data, processes, and all other documentation for anyone to use and copy without restrictions. Winning scientists will earn revenue from the creation of “originals”, consulting contracts, and leftover general prize money. One of the other benefits of releasing open-source technology is that scientists do not also have to become international business owners in order to achieve success. By sharing the technology, they do not need to open their own factory and deal with all the costs and headaches of starting a global manufacturing enterprise. Their vision becomes reality a lot faster, cheaper, and there are still plenty of profits to be made for the scientist.

Addressing Distribution: A marketplace is available for sharing buttoned-up packages of building plans and licensing agreements for worldwide production and distribution by third-parties. Open-source licensing for individuals, leasing of IP in exchange for royalties from corporations and governments, as well as consulting contracts to ensure the production is done at the highest of quality. Scientists can track all their business relationships through one place.

Maintaining Organizational Independence:  Voting Caps and Weights

To prevent any particular group from dominating the process, Unbound Science has decided to put limits on the number of tokens that can be used to vote, per project. For instance, there will be a cap of 100,000 tokens for general users, 150,000 for admins, 200,000 for scientists, 500,000 benefactors.

Unbound Science seeks to allow everyone to have a voice in what gets brought into the world. However, some voices should be amplified given their dedication, commitment, actions and participation. Hence, user actions can achieve milestones to unlock new features, higher voting caps and voting weights. The actual milestones will be finalized after the beta launch, and based on community suggestions. Below is a hypothetical example:

The benefactor limit is 500,000 tokens at a time with which they can use to vote on a single proposal. If a benefactor reaches a milestone of $1m USD donated, their voting cap raises beyond 500,000, to 1,000,000. Actual milestones will be finalized after the beta launch, and based on community suggestions.

Further examples of specific actions that might unlock higher caps: user votes in every season within a calendar year, scientists get nominated to game show, scientists become game show finalists, scientists win the game show, scientist data passes peer review, users hit pre-determined milestones for watching videos (e.g. 1,000, 5,000, or 10,000 hours etc.) and Admins successfully filter out 100+ pieces of spam and/or fake data.  Weights (counted as a multiplier of tokens used in their vote)

  • Top 30 Most Active Benefactor Wallets: 2x
  • Scientists who have contributed research: 1.5x
  • Scientists who have been game show finalists: 2x
  • Scientists who have won the game show: 3x
  • New scientists this season: 1.4x
  • New community members this season: 1.2x
  • Scientists with more than 1 year of participation: 1.1x
  • Community members with longevity: 1.0x
  • Admin votes: 1.0x
  • Wallets with transactions from to banned/suspended/muted users: 0.5x for the amount sent to them.

Maintaining Financial Independence:  Handling Donations

Benefactors send USDC, USDT, DAI, ETH, WBTC, MATIC, BNB, AAVE, LINK, COMP, UNI, MKR, or SNX to the inbound vault. The price of assets are calculated against the benefactor’s local currency, and a 503c donation document is generated and emailed to the donor. Non-stable assets are deposited into Aave, Compound, and Venus vaults, where they will be used as collateral to borrow stablecoins if needed to replenish the pool’s spending, otherwise they will be left to earn interest and appreciate over time. Stable assets will transfer to cold storage via MPC vaults. This will be a manual process, handled by platform management, on behalf of the pool owners (consortium of non-profit organizations).

Empowering Scientists

The current science funding system is sub-optimal and characterized by long applications, needless forms, and busy-body gatekeepers that take months or years to come to a decision on whether or not to sign off on financial support. The Unbound Science way gathers funding from the public, then lets members of the public and scientific community work together to vet and allot financial support in a more streamlined, transparent, and easy to participate manner.

Like a TV show, funding is handled in seasons. Each season has a show-host and a panel of judges, selected from the community, by the community.

  • The first phase of a season qualifies proposals from scientists or requests from the community.
  • The second phase of a season announces approved proposals from Phase 1. Preliminary funding is requested by the scientist and given approval or adjustment by the judges handling this season. This funding is intended to give a scientist support for a Proof-of-Concept or Minimum Viable Product.
  • The third phase votes on which scientists will be funded to finish solving the problem. Not every team will be ready at the same time, and may delay their participation into future seasons whenever they are ready, without further qualification.

Approved funds will be sent in USDC or USDT to scientists via newly generated vaults (i.e., Cardano), separated by team, and per project. This helps minimize security risks and also makes accounting an easier process than if all funds lived in the same vault. Stablecoins can be off-ramped into fiat, through Ethereum bridges like Jagon and Wanchain. Funding in vaults is unlocked during various epochs, to ensure lapses in development and abandoned projects are not rewarded. More details on epochs below.

Progress Reporting

Approved and funded proposals have a page created where they can be tracked publicly, with regular updates and achieved milestones required to qualify for the release of the team’s next epoch of funding. Data must live on a non-censorable decentralized third-party platform; Notion or Asana links are considered invalid. Updates are received in PDF format which is indexed by IPFS, Arweave, and Spacemesh for immutability. Physical storage (not just the metadata) is suggested to live inside web3-native storage enclaves like Internet Computer or Iagon. Upon an update being accepted by the community, funding for the next epoch is unlocked and made available.

Research essentials must be uploaded and stored on-chain as open-source with the full intent of helping future generations of scientists. This includes materials lists, notes, diagrams, blueprints, schematics, code, graphics, trials data, metadata, and anything else of importance (excluding names of participants and sources of materials).

User Accounts

Every user signs up with a general community account – everyone starts in the same place.

There are 4 types of user accounts:

  • General Community
  • Scientists
  • Donors
  • Admins

General Community users can earn platform tokens for:

  • Watching videos
  • Liking videos
  • Commenting
  • Hitting milestones in discussion forums and on-site time
  • Consistent voting during live shows

Scientists can earn platform tokens for:

  • Uploading videos
  • Uploading documentation
  • Participating in peer review discussions
  • Being selected to participate in the game show (as contender or judge)
  • Advancing to the 2nd or 3rd round in the game show
  • Successfully voting out scams/fake content
  • General Community actions

Benefactors can earn platform tokens for:

  • Making contributions to donation pools
  • General Community actions

Admins can earn platform tokens for:

  • Removing spam/fake content
  • Being voted in as a game show judge
  • More General Community actions to be determined at a later date

User accounts are private by default. Nevertheless, users may elect to make certain elements of their profile and user data available for the public to see. For instance, users may link existing web3 wallets via WalletConnect, rather than making a whole new identity. Users may self-identify their account type, and fill in profile information if they wish for this information to be shared with the public.

Benefactors

The ideal benefactors are passive donors looking for tax incentives, and the scientifically curious. Traditional science funding sources, e.g. governments, foundations, and private institutions are welcome and encouraged to participate.

Unbound Science recognizes that traditional funders may opt out lacking control over decision authority. As an entry point to facilitate a transition, Unbound Science may encourage traditional funders to consider the Visionary NFT acquisition option. This option may be the preferred route, for passive revenue sharing and aligning incentives. The platform also encourages “retail users” looking for tax write-offs and seeking to apply their money towards making the world better, faster.

Upon confirmation of the transaction, the donor’s wallet will receive an NFT certificate that functions as a receipt and states the amount of the donation with a thank you message.

A yearly leaderboard will track the top five donors and they will be issued a special NFT, which is soul-bound to the donor’s wallet. These special NFTs are likely to attract airdrops and invitations from other projects who wish to do business with scientific donors. Furthermore, these NFTs will be minted on Ethereum main net, as it is most prestigious and likely to attract quality airdrops. The soul-bound aspect means they cannot be sold or moved. They will be minted/destroyed as the leaderboard updates. It is a temporary digital badge/trophy, as opposed to the tax-break receipts, or scientific data dynamic NFT containers, which are immutable and forever.

Benefactors will be informed and must comprehend a critical fact: Unbound Science works as a pool of liquidity. Once donated, benefactor funds will be pooled together into one commingled account. In other words, the design of Unbound Science is for benefactors to provide funding to a liquidity pool, as opposed to a common experience on similar donation websites, where each individual funding their own accounts and then choosing where to grant those funds. Unbound Science is doing things differently. Each of the four starting subject matters (Energy, Pollution, Air/Water/Soil, Quantum) have their own liquidity pool from which the community votes how much to give in grants and to whom.

Example:

Whale A donates $100, and receives 100,000 number of voting tokens. With his/her tokens Whale A decides to vote for Proposal A, using all 100,000 tokens. Community donations are pitiful this season, and raise only an additional $100. Community receives 100,000 tokens split among participating members. Community votes to reject Proposal A, but approves Proposal B to receive 100% of the season’s pool. Community participants had a higher voting weight so the vote swung in favor of the community. Also voting caps limited Whale A’s total vote to 1% of the entire vote. Whale A’s entire donated funds have been allocated to Proposal B. Whale A’s gets refunded and his/her new balance sits at 999,000 for future seasons.

Scientists

Current research is funded by institutions and universities which then retain all the rights and intellectual property. Just consider when was the last time we heard about a person or small team of people inventing something? Almost never. It’s always this corporation or that university. Unbound Science returns credit and control back to the individuals and groups who put in the work. Everything is undergoing a digital decentralized revolution; science should not be left behind.

Scientists will sign up on the platform with their personal information and credentials via third-party plugins. Once verified, the information will be encrypted and stored on-chain. Scientists may selectively divulge information to the public, or remain anonymous, only showing a pseudonym and degree status. Scientists may check or uncheck whether or not they are willing to collaborate with other scientists who have similar proposals or ongoing research. Scientists who are willing to collaborate are given a special badge on their profile, and an extra 10% voting cap over those who are unwilling. Universities who are recognized leaders in research and research fundings, who have led the way previously, will be invited to participate in this new way of doing things, even though this method of conducting fundraising may be laughed away at first, as was Bitcoin in finance, or cloud computing in tech.

Technology Distribution

When the research is complete, scientists will upload their compiled data to a marketplace where it can easily be licensed by global manufacturers or governments, or may be used freely if the scientist elects. The scientist can keep track of their consulting contracts, royalty payments, licensing fees, and open-source contracts all in one place.

Under The Hood

Unbound Science is a web-based application that rides on top of several different web3 technologies. The scientific research itself requires rigid and publicly supported blockchain with years of decentralization and proven security, while identity, data storage, marketplaces, and IP management are served up from a redundant array of options.

Currently involved in the development stack: Secret Network, Flux, Optimism, Fileverse, Story Protocol, Internet Computer, Arweave, Evoke Marketplace, and more. Essentially, anything that can be connected via Secret Network’s “Secretpath” between Ethereum, Solana, and Cosmos can be easily integrated.

Emerging Market

The Unbound Science team conducted comprehensive research on market conditions and possible competitors. We discovered two critical facts and those were the guiding lights as we formulated our project. First, there is a unmet need in the marketplace for this service. The evidence is the existence of four other market participants in this space. Second, as described below, existing market participants are not truly comparable to Unbound Science on matters that are materially important. For instance, only Unbound Science proposes decentralization, security, community, and sensible tokenomics as core principles. Hence, Unbound Science is the only known project capable of meeting the market demand. The other market participants are as follows:

  • ​Recerca​ – fundraising tool for research. They do many things very well, including winning 2nd prize at the Hedera X Filecoin Grant Program. The shortcomings Recera suffers is insufficient decentralization by design. Moreover, the Recera project does not feature tax incentives and they failed to solve the headaches of needlessly lengthy, dull and monotonous funding applications. Council still acts as gatekeepers to donation.
  • ​Experiment.com​ – fundraising tool for research. Donors can browse research proposals and causes, and donate in accordance with their concerns. This project resembles a kickstarter marketplace design. The project does not adequately solve centralization issues, nor application issues, nor is it built on web3 technology that can operate independently. Furthermore, there are no associated tax incentives.
  • ​inTheory Research Markets​ – funding tool for research and reputation. The platform allows scientists to create patents and pieces of research as NFTs thus facilitating research financial transactions. Last, the platform allows licensing or purchasing of intellectual property (IP).
  • ​Molecule​ – Similar to Experiment.com, but focused only on BioMed research. Raised a $13M seed.

Platform Tokenomics. Tokens are created for voting and earning achievements on the platform. These are not intended to be used for investment, speculation, expectation of profit, trade, or ownership of Unbound Science. The community may use their accumulated pile of tokens to vote for their favorite science proposals. Gamified tasks will be a fluid evolution to continuously keep the community engaged, but may represent milestone achievements through hours of video watched, comments made, finding hidden easter eggs around the site, etc.

Total Supply: 1,000,000,000 platform tokens

Platform Token Emissions: To be determined.

“It’ll take a lot more than words and guns
A whole lot more than riches and muscle
The hands of the many must join as one
And together we’ll cross the river.”
– Puscifer, The Humbling River

Follow us on X ​@unboundscience​

Until next time,

Yogi Nelson

AI Agents, AI Tools, Artificial Intelligence, Blockchains, Science, Uncategorized

Understanding Decentralized Science: A New Era for Research Funding

Yogi Nelson

Welcome to the Blockchain & AI Forum, where your technology questions are answered.  Is there an alternative to the existing science research funding model? The answer is yes–there is an alternative, it’s called Decentralized Science (DeSci) and the best example is called Unbound Science.  We begin with what is science research funding, who funds science, and conclude with a very brief mention of Unbound Science.  An exhaustive examination of Unbound Science will be presented in parts two-and-three of this three-part series over the course of the next three weeks.

What is science research funding? There is no precise definition of science research funding that is universally accepted.  However, using a general consensus definition, I think we can say science research funding:  

is the financial support provided to researchers and institutions to conduct studies, experiments, and investigations that push the boundaries of human knowledge. This crucial resource enables scientists to explore new ideas, develop cutting-edge technologies, and tackle some of the world’s most pressing challenges. It typically covers expenses such as personnel salaries, laboratory equipment, data collection, publication costs, and travel for conferences

Who Funds Science Research.  Please draw your attention to the critical phase in the definition, “… financial support provided…”.  The statement begs the question, “provided” by whom?  The answer to that question follows.

According to the National Science Foundation, science research funding by category and percentage of the total science budget is: 

  • Private Sector, i.e., Corporate Research and Development                           50%
  • Federal Government Agencies                                                                       35%
  • Academic institutions                                                                                     11%
  • Private foundations                                                                                            3%

Clearly the top three funding sources dominate the landscape.  If you add the four funding sources the sum equals 99%.  Where is the missing one percent?   You will find it in something called emerging decentralized science platforms.  What are decentralized platforms within a science research funding content?  I’ll explain that next and start by naming this phenomenon—it’s called decentralized science or DeSci.     

What is Decentralized Science (DeSci). DeSci is an emerging movement and technological framework that uses blockchain, cryptographic tools, and decentralized governance to improve how scientific research is funded, conducted, validated, shared, and rewarded. DeSci aims to address long-standing inefficiencies and inequalities in traditional science by enabling open, transparent, and community-governed research ecosystems.  DeSci operates in the web-3 ecosystem; thus, separating it from existing models.  Web-3 ecosystems are characterized by decentralized technologies, i.e., smart contracts, tokens, and governance via decentralized autonomous organizations (DAOs), not top-down hierarchies.  In DeSci, the emphasis is fund, govern, and distribute scientific research in a transparent, open-access, and community-driven manner. In other words, when operating as intended, DeSci is antithesis to the status quo and disrupts the big donor science research funding model. 

How Does DeSci Work.  Under ideal circumstances DeSci is characterized by the following six traits:

  1. Funding Research via Blockchain.  Scientists can raise funds directly from across the globe using crypto-currencies, NFTs, or project-specific tokens.
  2. Decentralized Governance.  Funding decisions can be made through DAOs and/or community members.
  3. Tokenized Incentives.  Contributors are rewarded with tokens for participation, publication, peer-review, data sharing, and many other activities.
  4. Open Access and Data Transparency.  Research outputs are stored on decentralized storage platforms, making the research permanently accessible.
  5. Reputation and Credentialing.  With DeSci verifiable credential, on-chain peer review, and reputation scores are all possible and that helps assess the credibility of researchers without relying solely on traditional academic gatekeepers.
  6. Interoperable and Modular.  Generally speaking, DeSci platforms are composable.  Composable platforms allow interoperability across funding tools, DAOs, publishing platforms, and decentralized identity systems.

What is Unbound Science.  Unbound Science is a prime example of a DeSci platform.  Unbound Science is designed to check every box on the checklist above when it reaches full maturity. Next week a deep dive into Unbound Science.

Until next time,

Yogi Nelson