This week, "Deconstruction" highlights the increasing pressure on Telegram, restrictions on open AI in the U.S., a systemic upgrade for Lido, new anti-scam laws in Myanmar, and debates over the BIP-110 patch in the Bitcoin network.
Crackdown on Telegram
Governments are synchronously targeting Telegram through criminal cases. Unlike the 2018 blockages, the current situation involves the expansive Web3 ecosystem built on the TON blockchain. Cutting off the platform from legal banking transactions would have a direct negative impact on its revenue.
Regular users are currently not at risk, but the company's inclusion in the Rosfinmonitoring registry would automatically classify any payments made to it as financing for terrorism.
Battle for Open AI
The U.S. is attempting to restrict open-source neural networks under the guise of national security. Leaders in the tech industry warn that such centralization could hinder progress.
This poses a critical threat to the crypto market. The monopolization of AI technologies by the state and corporations could prevent independent Web3 startups from integrating advanced algorithms into their smart contracts.
Historic Upgrade for Lido
Lido is transitioning $16.5 billion in assets to a new architecture. A key change involves the introduction of financial guarantees, requiring node operators to stake ETH tokens to automatically cover potential losses.
This protocol is solidifying its status as a systemically significant provider with mathematically secured staking, paving the way for substantial institutional capital inflows into Ethereum.
Blow to Asian Scam Centers
Myanmar has imposed severe prison sentences on those running fraudulent scam centers, responding to pressure from China. The criminal industry has become deeply intertwined with the state apparatus.
Eliminating these scam operations is directly beneficial to regular investors, as the number of wallet hacking attempts is expected to sharply decline. On a global scale, dismantling these syndicates will weaken the main argument for regulators to impose restrictions on honest crypto users.
Conflict Over BIP-110
The Bitcoin network is currently discussing the BIP-110 patch, which aims to cleanse the blockchain of images and meme coins. The Bitcoin elite has vehemently opposed any form of censorship. Enforcing this update could risk splitting the network into two parallel chains.
The outcome of this conflict will likely be determined by institutional investors. Funds like BlackRock demand complete stability and would rather tolerate spam on the original chain than risk liquidity issues on a parallel branch.
This is a condensed version of the podcast. Watch the full episode:
https://www.youtube.com/watch?v=OXEP8RHJvng
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