Who REALLY owns your assets?

đŸ‡ŻđŸ‡” Kishida Kommits to Krypto 
 Putin Plans Digital Ruble 
 And All “Eyes” on Worldcoin 
 👀

Author

Nahin Talhah
August 01, 2023

đŸ‡ŻđŸ‡” Kishida Kommits to Krypto 
 Putin Plans Digital Ruble 
 And All “Eyes” on Worldcoin 
 👀


What’s up Web3-ers.

In today’s issue, we’re diving into:

  • Breaking Web3 initiatives coming out of Japan that could spark huge economic growth, attract big investments and create a wave of new jobs.

  • Russia’s move into Crypto, and how Putin’s pushing for CBDCs.

  • Why OpenAI are looking to use UBI (Universal Basic Income) to create a worldwide Cryptocurrency.

  • And why you SHOULD own assets 
 Just not in the way you might be used to.

SUCCESS PRINCIPLE LESSONS #108

Each week we decode one of the key Web3 principles giving you the inside track on what makes a successful Web3 strategy.

This week’s principle
 Ownership

In a Web2 world, you either owned something, or you didn’t. Typically, it was easy to own your physical assets (the phone you’re reading this email on, the shirt you’re wearing, the chair you’re sitting in 
 Unless you’re sat reading this in Starbucks. In which case, you probably don’t want to take that with you when you leave. We cannot be held responsible for any barista-related fury that might come from that


But when it come to digital assets, the idea of ownership is a lot more murky. Do you REALLY own any personal data online? How about that best seller book you bought on your Kindle? Or in my case, that iOS Toca World game expansion pack my daughter roped me into buying...

Ownership in Web3

When it comes to Web3, ownership gets a whole lot clearer.

Thanks to decentralisation, users are in full control of their funds, digital assets and other valued items in the digital world. You have sole control of your assets, so no one can pull the rug out underneath them and claim your precious belongings that you’ve busted your butt to acquire.

Now, on with the main event 


ROSTER ROUNDUP

Each week we like to give you a little insight into what’s going on behind the scenes at Roster HQ. We’ve had two “biggies” the past 7 days 


  1. The Mini MBA in Web3 draft course video edits are back, and we have sneak previews.. to say we’re just a little excited, would be, well, an understatement! Next comes the task of editing the entire course modules.

  2. We’re out on the speaker circuit again, this time at the Web3Wave in London talking about NFT’s and Super brands. https://web3wave.io/

(Note: If you’re as eager for the Web3 Mini MBA launch as we are -- and why wouldn’t you be? -- you can get advanced notifications and updates here.)

KISHIDA KOMMITS TO KRYPTO

At a keynote address during the WebX conference in Tokyo last week, Japan’s Prime Minister Fumio Kishida once again reaffirmed the country’s commitment to Crypto and Web3. Then, later that day, Binance CEO Changpeng Zhao announced the cryptocurrency exchange would be launching on a new Japanese platform this August.

Japan has already been somewhat of a forerunner in disruptive technologies, and this move is only going to cement their position as being ahead of the curve. Expect plenty of economic growth, brand new investment, and a whole host of new job opportunities to come from this.

Trip to Japan, anyone?

PUTIN PLANS DIGITAL RUBLE

Last Monday, Russian President Vladimir Putin officially signed the digital Ruble into law.

This is Russia’s first real large scale move into the world of cryptocurrency, and the bill was signed having already gone through three thorough hearings in the courts. Some commentators believe that given the massive financial restrictions imposed on the country by the West due to the ongoing conflict in Ukraine, this could be a way to bypass those.

By embracing digital currency, Russia aims to modernise its financial system and enhance financial inclusion. This may also aid in counteracting inflation, and providing more efficient payment systems.

Anatoly Aksakov, the head of the parliament's committee on financial markets did note however, that the digital ruble will also allow controlling and limiting the ways citizen can spend them. He pointed out this would be a benefit for parents keeping an eye on their children’s spending.

However, given the way the country is governed, whether the level of ‘control’ will stop there, only time will tell 


ALL “EYES” ON WORLDCOIN

Sam Altman, CEO of OpenAI, has launched the Worldcoin crypto project. Its goal? To create a global cryptocurrency accessible to every person on the planet.

Their approach is certainly different from the norm, with tokens being distributed through a Universal Basic Income model, removing the regular barrier of mining.

But if you’re worried about the ever-increasing use of AI, and clever folks potentially using bots to trick the system 
 Don’t be. Altman plans to use retina scanning to verify users, in a kind of defacto passport.

☎ READER REQUESTS

Every week we pick one lucky reader’s question, and give you a full rundown here. Today’s request comes from Greg who wants to know


“What’s the biggest different between Web2 and Web3?”

Putin. No. Sorry. Something else we talked about... 

Ownership.

In Web2, we’ve got far too used to our assets and digital identities not actually being ours. And large corporations have BIG control over what we own. Web3 stands to change this by championing ownership at every stage, letting the user take charge of their funds, assets and identity. 

As technology and Web3 evolve, we’ll start having even more ownership of our “stuff,” and big brother/ big tech/ government/ whatever-you-want-to-call-it will have less and less sway over what we actually own 
 And that can only be a good thing.

THAT’S A RITELIST (W)RAP 


We always love hearing from our readers 


So if you want to reach out with a question, comment, or a suggestion for the best gluten-free baked goods, or what to watch on Netflix (nothing too scary though please,) just hit reply to this email, and we’ll get right back to you.

Alternatively, if you want to be kept up-to-speed on the developments of our upcoming Web3 MBA course, just go here and register your details.

Until next time