Weirdo's Weekly Update — 28 Jul, 2023

Crypto News

Sam Altman, the co-founder of OpenAI, has launched a new project called Worldcoin. Worldcoin aims to verify a person's identity using AI-powered eye-scanning technology. It gives them a digital ID and the Worldcoin cryptocurrency ($WLD). This project already has over 2 million users, a $3 billion valuation, and plans to expand globally.

In other news, Binance, a major cryptocurrency exchange, has laid off over 1,000 employees due to ongoing regulatory investigations and crackdowns. The company faces challenges in obtaining licenses and meeting regulatory requirements in the United States and Europe, mainly due to the investigation by the U.S. Department of Justice.

The recent EthCC conference provided insights into the progress and development of the Ethereum ecosystem. One key takeaway is the introduction of scalability improvements through the Dencun upgrade and a convergence and verticalization trend among DeFi protocols.

The Ethereum ecosystem is moving towards consumer readiness, opening up opportunities for consumer-facing applications. The Gnosis ecosystem serves as an example, providing high-security crypto vaults and payment solutions.

The Federal Reserve's Federal Open Market Committee (FOMC) recently announced a unanimous decision to raise interest rates by 25 basis points, bringing rates to the highest level in 22 years.

Changes in the Last Week

Bitcoin $29,143 (-0.2%)  ⎸   Ethereum  $1,859 (-0.1%)   ⎸   Gold: $1,948

Changes Last Week

Fear and Greed Index

AI News

Does my AI have feelings?

AI researcher Geoffrey Hinton believes AI systems will be capable of experiencing emotions such as frustration and anger. However, he has not made his thesis public yet due to resistance to his warnings about the potential dangers of AI. Hinton's idea raises questions about consciousness and whether AI systems can have emotions. His thesis remains unverifiable as there is currently no way to measure consciousness.

Is ChatGPT Getting Dumber?

Stanford Researchers have found that ChatGPT's performance has declined in certain areas. Accuracy for solving math problems dropped significantly from 97.6% to 2.4%, the success rate in answering sensitive questions went down from 21% to 5%, code generation accuracy plummeted from 52% to 10%, and visual reasoning saw a slight increase from 24.6% to 27.4%. It appears that ChatGPT may require fine-tuning in these areas. Understanding the limitations of AI systems is crucial for their appropriate use.

Travel Tips

A recent study by Flatio, a digital platform for monthly rentals, sheds light on the preferences and habits of digital nomads post-pandemic. It's based on about 1200 interviewed nomads. Portugal is the top choice, with 27.1% of surveyed nomads selecting it as their dream destination to live and work.

The following are Thailand, Spain, Argentina, Mexico, Indonesia, Madeira, Germany, Romania, and Malaysia.

Cost (46.6%) is the biggest factor influencing digital nomads' decision to go next, followed by sunshine (15%). Almost half prefer to spend at most 800 euros a month on accommodation.

The study also reveals that most digital nomads hail from the United States, the United Kingdom, and Germany. They range from ages 18 to 49, and a significant portion are full-time employees, reflecting the growing trend of remote work post-pandemic.

In terms of work, digital nomads predominantly find opportunities in IT & Technology, marketing, public relations, advertising, communication, technology, entrepreneurship, and business. Freelancing remains the most popular type of employment among them.

If you are curious about other findings, you can find the full report here.

Flatio’s Digital Nomad Report 2023

I am currently listening

Authority Hacker Podcast #315 – Ex-Forbes Employee Reveals EVERYTHING

I am currently watching

During the 1990s in Berlin, an artist and a hacker collaborated to create a groundbreaking method of perceiving the world. After several years, they joined forces again to file a lawsuit against Google, citing patent infringement for their revolutionary invention.

The Billion Dollar Code

Tool of the week

Our newly released Crypto Trading Journal in Notion - Crypto Portfolio, Amplified: Notion's Ultimate Trading Journal .

Inspiring Quotes

“By the way, what have you done that’s so great? Do you create anything, or just criticize others’ work and belittle their emotions?”—Steve Jobs


"He who knows all the answers has not been asked all the questions."—Confucius

🌞🏖️🚀 Summer Holidays Work-Life Balance Tips

Prioritize: Set clear goals for work and leisure.

Time Management: Use techniques like Pomodoro for focus.

Plan Ahead: Balance work commitments and holidays.

Embrace Flexibility: Opt for remote work when possible.

Unplug & Recharge: Take tech-free breaks to unwind.

Nature Breaks: Spend time outdoors to refresh.

Learn to Say "No": Avoid overloading your schedule.

Positive Mindset: Stay optimistic for increased productivity.

Mix Business & Play: Explore during work travel.

Celebrate Wins: Acknowledge achievements, big and small.

August 1, 2023
Leo Brunnhofer