Compared to traditional IT infrastructure the World Computer - $ICP - provides immunity to cyberattacks, is unstoppable, and greatly simplifies the building and maintenance of web applications and internet services.
Moreover, it enables the creation of sovereign, decentralized applications that eliminate single points of failure and dependency.
Commenting on the milestone, Dominic Williams said, “We are proud to announce the advent of Internet Computer 2.0. The network now provides a unique cloud computing environment that enables AI to build solo. Today we demonstrated an incredible alpha version of the platform, which will be followed by a beta in about a month that will be released to the public. We are targeting a future where everyone in the world can create online functionality just by talking.” $ICP
Orthogonal persistence means that the state (data) is integrated within the logic (code), allowing applications to be updated without risking corruption or downtime. Williams explained that this breakthrough enables AI to write and safely evolve applications in production, even at “chat speed.”
The AI might hallucinate. That’s inevitable. But the platform must guarantee the data stays intact,” Williams explained.
$ICP ’s native architecture performs checks during migrations, ensuring that no referenced data is lost. This approach enables continuous improvement without the backend fragility that often plagues Web2 development.
if you bought something you don't know much about, but got into the hype, and it's not bitcoin; prepare to hold for a long time. the overstretched alt coin market might burst ~ with so many no-value replica cryptos selling purchased hype to desperate-gambling-addicts. when this re-imagined dot-com bubble bursts, and we're back with just bitcoin and the few decent projects (plus dogecoin for fun), this market might become the Promised Land
2. OneCoin – 2014–2019 - **Pure scam** – No blockchain, just a database. - Founder **Ruja Ignatova** (the "Cryptoqueen") disappeared. - **Losses**: $4B+ stolen.
3. Terra (LUNA) & TerraUSD (UST) – 2018–2022 - **Algorithmic stablecoin collapse** – UST lost its peg, causing a death spiral. - **$40B wiped out** in days. - **Aftermath**: Founder Do Kwon arrested (2023).
4. FTX Token (FTT) – 2019–2022 - **FTX exchange collapse** due to fraud (Sam Bankman-Fried convicted). - **Went from $85 → $1** post-bankruptcy.
5. QuadrigaCX (Canada) – 2013–2019 - **Founder "died"** (Gerald Cotten) with sole access to $190M in crypto. - Later suspected to be an **exit scam**.
6. PlusToken (China) – 2018–2019 - **$3B Ponzi scheme** targeting Chinese/Korean investors. - Team arrested, funds laundered via mixers.
8. Petro (Venezuela) – 2018–2020s - **State-backed scam** – No real adoption, used to bypass US sanctions. - **Worthless** today.
9. PayCoin (2014–2015) - **Promised $20 price floor**, then crashed to $0. - Founder (Josh Garza) jailed for fraud.
10. Titan (IRON Finance) – 2021 - **"DeFi bank run"** – Lost 99.9% value in hours due to flawed stablecoin design. - **Mark Cuban lost millions** investing in it.
when a crypto project relies on hype instead of usefulness, how do people know if the posts they read aren't part of a bot army using AI to spam content
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