Must-read in the evening | Will the Web3 social track be the next bull market engine?

1. How to Prove a Secret: A Guide to Zero-Knowledge Proofs from a Magician

Any sufficiently advanced technology is indistinguishable from magic, and one such area that resembles science fiction is zero-knowledge proofs (ZKP), a cryptographic tool that solves two key challenges in the Web3 world: scalability and privacy. sex. In particular, ZKP may be the key to unlocking lower transaction fees and designing new privacy-preserving applications. As a result, we are expected to welcome the next billion crypto users. Even outside the crypto world, ZKP may one day help with the secure transmission of sensitive data, combat illicit finance, or combat disinformation. click to read

2. Sovereignty vs. Society: The contradictory relationship between individual freedom and social dependence

Bitcoin proponents often talk about the concept of sovereignty; it’s a value we hold dear. In the Bitcoin economy, the ability to operate as a sovereign entity, hold your own keys, audit the history of the blockchain, and enforce the rules you approve of is a right that individuals give themselves. click to read

3. Will the Web3 social track be the next bull market engine?

Each round of bull market has a different starting engine, and behind each bull market engine is its long-term development process of the bear market. Crazy MEME, DeFi summer... With the development of Web3 technology and infrastructure, the social track has also ushered in new development opportunities. click to read

4. Musk’s inner demons and management: My pain never stops

For the world's richest man, what else is bothering him that he still can't get rid of?

Walter Isaacson sheds light on this topic in his new biography "Elon Musk: A Biography." Musk spoke to Isaacson about the mental and physical scars that remain unhealed in 2021, saying:

"Since 2007, maybe until last year, the pain has never stopped. It's like a sword hanging over my head. I have to make Tesla better. Let's do a trick. Let's do another trick. Let's do a series of small tricks." Rabbits are flying in the air. If the next rabbit doesn't appear, you're dead. You can't always be fighting for survival, always in a state of adrenaline, and still be unscathed. Click to read

5. SEC issued a fine against the NFT industry for the first time. What kind of NFT is a security?

On August 28, 2023, the U.S. Securities and Exchange Commission (SEC) took regulatory enforcement action against the NFT industry for the first time, accusing Impact Theory, LLC, a LA-based entertainment company, of selling unregistered securities. The company eventually reached a settlement with the SEC.

This is the SEC's first regulatory enforcement against the NFT industry. Impact Theory's commitment to investors to increase the value of NFTs, companies and common wealth is the key to identifying NFTs as "securities." This article will review the SEC's regulatory enforcement of Impact Theory and the objections of SEC members to see what kind of NFTs will be recognized as "securities" by the SEC? click to read

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