🌐The 'Great Reset': A Blueprint for Destroying Freedom, Innovation, and Prosperity🌐

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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!

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thedinarian@thedinarian

August 27, 2022

🌐The "Great Reset": A Blueprint for Destroying Freedom, Innovation, and Prosperity🌐

Notice that no nation has managed merely to print money and tax its citizens on the path to prosperity. Real wealth cannot simply be conjured from thin air. There must be recognized value in what a nation and its citizens possess.

Humans struggling merely to survive in the world do not waste time, labor, or resources on projects that offer no prospect for future reward. Humans working as servants to the state under centrally controlled economies have no incentive to innovate. Only when private ownership and personal liberty combine can human innovation flourish. 👉Freedom is the secret ingredient to innovation's magic sauce for increasing wealth.

A country whose institutions do not respect property rights or whose customs do not value freedom will remain a barren desert for human innovation. In this way, nations have a great incentive to liberalize over time. Should they not, they quickly become financially and militarily vulnerable to more innovative and wealthier nations. Observing this simple truth, classical liberals have always understood free markets as the gateway to human emancipation. Economic self-interest, in other words, ultimately leads to expansive human rights and liberties across the planet.

Nothing about Western politicians' embrace of the World Economic Forum's "Great Reset" or "Build Back Better" paradigms protects property rights or liberty in the slightest. 👉The WEF's agenda promotes radically anti-liberal programs... [that] will smother human innovation by first depriving Westerners of their freedoms.

👉Wealthy free nations are a threat to the WEF's New World Order. If censorship must be embraced to control the "narrative," then so be it. If citizens must be denied freedom of movement under the guise of a "health emergency," no big deal. If private bank accounts must be seized to intimidate protesters, then such threats are the price for ensuring compliance. In this way, the WEF's plans for a controlled economy intentionally reverse centuries of liberal progress.👉Political leaders today are dragging the West into the past.

First, 👉individual liberties will continue disappearing. Then, the greatest economic engine of all, innovation, will dry up. Finally, wealth will return solely to the hands of a small "ruling class" minority. This is the future the World Economic Forum hails as "progress." It is not. It is a recipe for human bondage.

How do nations become wealthy? Many are blessed with abundant natural resources. Others conquer foreign lands. Some specialize in unique trade skills and crafts. Timber, mining, fishing, sugar, rum, narcotics, cotton, silk, agriculture, conquest, human slavery, manufacturing, oil, industry, banking, and so on — depending on the century and the region, nations have attained tremendous wealth in myriad ways. Notice that no nation has managed merely to print money and tax its citizens on the path to prosperity. Real wealth cannot simply be conjured from thin air.👉 There must be recognized value in what a nation and its citizens possess.

More than any other source for national wealth, however, one towers above the rest: innovation. The ability of the human mind to create something new and valuable provides society with endless wealth creation. Unlike central bank quantitative easing and other monetary tools (or tricks?), the brain really is a money-printing machine. Whether an innovator alters existing farming, mining, or manufacturing techniques to make production cheaper and more efficient, or an inventor designs something entirely unique, value that did not exist yesterday materializes the next. 👉Innovation is the magic sauce for generating wealth.

If innovation produces wealth, why aren't all nations wealthy? Because too many nations fail to value innovators or encourage innovation. Without fundamental property rights, strong social institutions, and a dependable legal system, potential inventors have few incentives to build anything new. Humans struggling merely to survive in the world do not waste time, labor, or resources on projects that offer no prospect for future reward. Humans working as servants to the state under centrally controlled economies have no incentive to innovate. 👉Only when private ownership and personal liberty combine can human innovation flourish. Freedom is the secret ingredient to innovation's magic sauce for increasing wealth.

When economists crunch gross domestic product numbers to see whether a nation's economy is rising or sinking, a measure of innovation becomes quantifiable. Embedded within that number is something that encapsulates human ingenuity, personal freedom, and property ownership. In this way, economic innovation directly reflects the human condition at any point in time. It provides a measurement of a nation's freedom.

Now "liberalism" as it is classically understood — as a political philosophy embracing natural rights, limited government, free markets, political and religious freedoms, and freedom of speech, all promoted and protected by an impartial and just rule of law — has always grasped this fundamental truth. Liberty and property rights spawn creativity. Where both are soundly valued, great writers, artists, and inventors produce novelties that would not otherwise exist. It is why medieval Florence birthed at once both modern-day banking and the European Renaissance. 👉The personal freedom to create, build, invest, and own property generates tremendous innovation and national wealth.

👉Conversely, when today's central planners argue for socialized control over markets and the substitution of "collective rights" in place of "individual rights" while calling their agenda "progressive liberalism," they co-opt and subvert liberalism's historic meaning.

From this recognition that a nation's freedom directly affects a nation's wealth arises an even more remarkable truth: any nation that fails to embrace and protect human liberty will be the poorer for it. A country whose institutions do not respect property rights or whose customs do not value freedom will remain a barren desert for human innovation. In this way, nations have a great incentive to liberalize over time. Should they not, they quickly become financially and militarily vulnerable to more innovative and wealthier nations. Observing this simple truth, classical liberals have always understood free markets as the gateway to human emancipation. Economic self-interest, in other words, ultimately leads to expansive human rights and liberties across the planet.

Now with all that as a bit of rudimentary background, how is it that today we have entities such as the World Economic Forum (WEF)👉 pushing for a radical "Great Reset" of Western society that promises to handcuff free markets with economic regulation while concentrating power into the hands of a small international coalition of central economic planners — most notably their own? 👉How could promising a future where people will "own nothing and be happy" possibly be conducive to a free and productive society — or even a happy one? How can a future in which all energy is controlled by international governing bodies and multinational corporations possibly provide individuals with the institutional building blocks for endless innovation? How can farmers sustain larger and more prosperous populations when Western governments continue to stifle agricultural production through regulation and eminent domain?

The questions answer themselves.👉 The WEF's agenda promotes radically anti-liberal programs such as the use of artificial intelligence to censor dissent, regulate free speech, and even erase ideas from the Internet. Its repressive efforts to control all hydrocarbon energy and cattle and crop farm production will smother human innovation by first depriving Westerners of their ability to create, invent, and grow food. Its policies betray millennia of Western civilizational advancement by replacing respect for individual choice and free will with top-down management of human activity through the blunt instruments of force and coercion. Its motivations are indisputably anti-human at their core because each individual human life is treated as nothing more than a cog or input that can be manipulated as part of a centrally-controlled social machine.👉 When Westerners are reduced to ones and zeroes that are sorted and shifted by the WEF's social programming codes for a "better future," builders obey but no longer create.

Whereas personal liberty has unleashed the human mind and generated tremendous Western prosperity, 👉the World Economic Forum's push for a centrally controlled economic system will crush rights, stifle creativity, and mass-produce poverty and servitude. Its proponents, in fact, seem mostly committed to using a combination of pandemic, famine, and fear to centralize dominance for themselves.

👉In order to persuade Westerners to give up more and make do with less, the WEF and its globalist allies promise Westerners a future Utopia. As with every similar lie ever told to justify the extraordinary acquisition of power, though, they will fail to deliver. No society, after all, was ever promised more than in Stalin's 1936 Constitution of the USSR — or subsequently treated more abysmally. 👉Despite its claims to the contrary, the WEF's mission directives intentionally reverse Western trends toward greater human freedom, social mobility, and more broadly obtainable wealth — or what, in another era, would have been rightly regarded as true, liberal progress.

Although the WEF and its sister organizations claim to be "saving the planet," their efforts seem primarily an ignoble design to control the planet. 👉"Clean" energy, after all, is controlled energy; and the more that energy is controlled by centralized governments, the more completely once-free markets 👉become centrally controlled. If every potential entrepreneur must first receive permission to use electricity before producing anything new, then no entrepreneur can thrive without the central authorities' blessing. If all manufacturing is viewed as a "threat to the planet," then no independent upstart can innovate or build wealth without first seeking and obtaining government approval. If consumers are forbidden from buying anything unless it is first pre-approved, 👉then free markets are transformed into controlled markets.

Taking this trend to its logical yet communist conclusion, private property becomes antithetical to the state's goals. We already see the ominous subversion of private ownership today with so-called ESG (Environmental, Social, Governance) standards used to strong-arm industry goals and manipulate free markets. 👉Because control over information makes control over markets more manageable, the more economic uncertainty that results from market manipulation, 👉the more censorship we'll continue to see. Recently, even a senior economist who correctly stated that the American economy had entered into a recession found his research "fact checked" and "corrected" by the U.S. government's friends at Facebook. 👉Where free markets are under attack, free speech is inevitably under attack, too. The individual blessings of liberalism are not easily dissected from the body politic without inevitably rendering liberalism's death, as a whole.

The issue today may be "climate change" or COVID-19 or "sustainable food supplies," but the stated issue never seems anything more than a public relations campaign for fooling the masses. It always appears to be merely a disposable excuse designed to seduce 👉Westerners into handing a small cabal of "elites" power and control over everyone else. Convincing mankind to believe that free markets will inevitably lead to some kind of apocalypse increasingly looks like the only policy goal that matters. It may well be the most diabolical trick those with power have ever played against those with no power at all. Fear is used expertly as a torturer's tool to convince Westerners to forsake willingly their own freedom. 👉The innocent mantra whispered into their ears is simple: Trust us, humanity, we will save you. The implication, however, is far more sinister: For your own good, you must be made to enjoy your new chains.

👉Notice that for the World Economic Forum to succeed in its mission to control all human activity, it must first destroy the sovereignty of nation states. Why? Because, as noted above, liberal nations that embrace freedom of speech, freedom of thought, and free market entrepreneurship foster innovation and great wealth. Any nation not encumbered by the WEF's market proscriptions will most likely continue to prosper, while those shackled to the "Great Reset" will most likely languish. This is why Western politicians have worked so hard together to push their "Build Back Better" proposals irrespective of the wishes of any one nation's voting citizens.

👉Wealthy free nations are a threat to the WEF's New World Order. If censorship must be embraced to control the "narrative," then so be it. If citizens must be denied freedom of movement under the guise of a "health emergency," no big deal. If private bank accounts must be seized to intimidate protesters, then such threats are the price for ensuring compliance. In this way, the WEF's plans for a controlled economy intentionally reverse centuries of liberal progress. 👉Political leaders today are dragging the West into the past.

👉First, individual liberties will continue disappearing. Then, the greatest economic engine of all, 👉innovation, will dry up. Finally, 👉wealth will return solely to the hands of a small "ruling class" minority. This is the future the World Economic Forum hails as "progress." It is not.👉 It is a recipe for human bondage.

https://www.gatestoneinstitute.org/18825/great-reset-wef

WWW.GATESTONEINSTITUTE.ORG

The "Great Reset": A Blueprint for Destroying Freedom, Innovation, and Prosperity

Notice that no nation has managed merely to print money and tax its citizens on the path to prosperity. Real wealth cannot simply be conjured from thin air. There must be recognized value in what a ...

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X.COM

Uphold (@UpholdInc) on X

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🚀Comprehensive Overview of Reggie Middleton's Patents

Pioneering Innovations in Decentralized Finance and Blockchain Technology

Key Takeaways

Innovative DeFi Solutions: Reggie Middleton has developed groundbreaking technologies that facilitate trustless and low-trust value transfers, revolutionizing decentralized finance.
Robust Patent Portfolio: His patents cover a wide range of applications, including blockchain infrastructure, peer-to-peer transactions, digital asset security, and regulatory compliance.
Legal and Market Impact: Middleton's patents have significant legal standing, demonstrated by successful defenses against challenges and high-profile lawsuits, positioning him as a key player in the FinTech industry.

Introduction

Reggie Middleton is a distinguished innovator in the fintech and blockchain sectors, recognized for his extensive portfolio of patents that address critical challenges in decentralized finance (DeFi) and trustless value transfers. His work has been instrumental in advancing blockchain technology, enhancing security, scalability, and accessibility within decentralized ecosystems.

Overview of Reggie Middleton's Patent Portfolio

Trustless Value Transfer Systems

Middleton's patents in this category focus on enabling secure transactions between parties with minimal or no trust. Utilizing advanced cryptographic protocols and blockchain technology, these systems eliminate the need for intermediaries, thereby reducing costs and increasing transaction efficiency.

Mechanisms and Applications

His innovations include systems for decentralized exchanges, peer-to-peer lending platforms, and digital marketplaces. An exemplary application is the facilitation of currency exposure hedging, allowing users to swap risks (e.g., AUD/USD) via Bitcoin without prior trust between parties.

Blockchain Infrastructure Enhancements

Middleton has developed solutions that address scalability, interoperability, and consensus mechanisms within blockchain systems. These enhancements are crucial for handling high transaction volumes and ensuring seamless interaction between different blockchain networks.

Key Innovations

His patents introduce scalable blockchain infrastructures capable of supporting enterprise-level applications and multi-chain platforms. By improving consensus algorithms, Middleton's work ensures faster and more secure transaction validation processes.

Peer-to-Peer Transactions

The patents in this domain enable direct asset exchanges, such as cryptocurrencies and non-fungible tokens (NFTs), through smart contracts and decentralized networks. These innovations are foundational for modern DeFi platforms and decentralized governance systems.

Practical Implementations

Middleton's technologies facilitate seamless peer-to-peer transactions, enhancing user autonomy and reducing dependency on centralized institutions. This is particularly evident in decentralized exchanges and governance frameworks where direct asset management is paramount.

Digital Asset Security

Ensuring the security of digital assets is a cornerstone of Middleton's patent portfolio. His solutions include advanced storage systems and multi-signature wallets designed to protect against cyber threats and unauthorized access.

Security Solutions

Implementing cold storage systems and multi-signature protocols, Middleton's patents provide robust defenses against potential security breaches, safeguarding cryptocurrencies and other digital assets from malicious attacks.

Regulatory Compliance and Central Bank Digital Currencies (CBDCs)

Middleton's patents also address the growing need for regulatory compliance within digital financial systems. His frameworks for issuing and managing CBDCs align with existing regulatory standards, facilitating the integration of government-backed digital currencies into the broader financial ecosystem.

Compliance Frameworks

These technologies ensure that digital currency systems adhere to legal requirements, enabling smoother adoption and acceptance by both financial institutions and regulatory bodies.

Legal and Market Impact

Patent Enforcement and Legal Challenges

Reggie Middleton has actively defended his intellectual property, most notably filing a $350 million lawsuit against Coinbase Inc. for alleged patent infringement. The Patent Trial and Appeal Board (PTAB) has upheld the validity of his patents, denying Coinbase's Inter Partes Review (IPR) petition, thereby reinforcing the strength and enforceability of his patent claims.

Market Position and Influence

Middleton's patents are considered some of the most powerful in the FinTech industry, covering essential technologies that underpin DeFi and blockchain operations. With approximately 90% of blockchain patent applications typically rejected by the USPTO, Middleton's successful patents distinguish him as a leading innovator in the space.

Future Directions

Integration of AI in Decentralized Systems

While current patents focus on human-driven transactions, the foundational technologies developed by Middleton provide a robust framework for future integration of artificial intelligence (AI). Potential applications include automated trading systems, intelligent asset management, and enhanced decision-making processes within DeFi platforms.

Expansion into Global Markets

With patents protected in multiple jurisdictions, including the U.S. and Japan, Middleton is well-positioned to expand his technological solutions globally. This expansion will likely involve adapting his systems to comply with diverse regulatory environments and addressing region-specific financial challenges.

Detailed Patent Analysis

Technological Innovations

Middleton's patents encompass a range of technological advancements designed to enhance the functionality and security of decentralized financial systems. These include but are not limited to:

Proof of Stake (PoS) and Proof of Work (PoW) Enhancements: Improved algorithms for validating transactions and securing blockchain networks.
NFT Transfer Mechanisms: Secure and efficient methods for transferring non-fungible tokens, ensuring authenticity and ownership integrity.
Adaptive Security Protocols: Systems that dynamically adjust security measures based on transaction parameters and threat assessments.

Scalability and Interoperability

Addressing scalability, Middleton's patents introduce solutions that enable blockchain networks to handle increased transaction volumes without compromising performance. Additionally, his work on interoperability protocols facilitates seamless communication and transaction processing across different blockchain platforms, fostering a more integrated and efficient decentralized ecosystem.

Regulatory Alignment

In response to the evolving regulatory landscape, Middleton has developed frameworks that ensure digital financial systems comply with existing laws and standards. This alignment is crucial for the widespread adoption of decentralized finance solutions and the issuance of Central Bank Digital Currencies (CBDCs).

Conclusion

Reggie Middleton stands out as a pivotal figure in the FinTech and blockchain industries, with a patent portfolio that not only addresses current technological challenges but also lays the groundwork for future advancements in decentralized finance. His innovations in trustless value transfers, blockchain scalability, and digital asset security have significant implications for the financial ecosystem, reinforcing the importance of robust intellectual property in driving technological progress. Through sustained legal defense and strategic market positioning, Middleton continues to influence the direction and adoption of decentralized financial systems globally.

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thedinarian@thedinarian

6 hours ago

⚖ SEC: many crypto staking services aren’t securities ⚖

The Securities and Exchange Commission (SEC) yesterday clarified that most staking services don’t involve securities, resolving a major uncertainty that has hung over the crypto industry. The guidance provides regulatory clarity for major platforms like Coinbase, Kraken, and Lido, which collectively handle billions in staked assets.

The ruling removes a regulatory cloud that has limited institutional adoption of staking services. Without this clarity, staking service providers faced potential enforcement action and costly compliance requirements designed for traditional securities.

Blockchain staking typically involves locking tokens to secure the network and earning a reward in return. The least contentious option would be someone who operates a node themselves, keeping custody of their assets and staking directly.

However, there’s been a major question mark hanging over staking-as-a-service, in which a third party performs the staking on behalf of the token owner. This is hugely popular because on Ethereum the minimum staked amount is 32 ETH (over $80,000 at current prices) and doing it yourself requires appropriate hardware and technical knowledge.

How the SEC reached its decision

For assets that aren’t obviously securities, the Howey legal test is used to establish whether there’s an “investment contract.” A key test is whether the return is dependent on the entrepreneurial efforts of someone other than the investor.

Applying this test to staking services, the SEC concluded that the staking service provider is simply providing an “administrative or ministerial activity” rather than an entrepreneurial one and doesn’t set the rate of return earned by the investor, although they deduct fees.

The SEC takes the same view whether the investor retains custody of their tokens or the service provider additionally provides custody. If a custodian is involved, the note only covers the situation where the investor chooses how much to stake.

However, the devil is in the details. For example, the opinion does not cover liquid staking (where the token holder receives another token while the main tokens are locked), re-staking or liquid re-staking.

One commissioner strongly disagrees

This interpretation faces significant pushback from Democrat Commissioner Caroline Crenshaw, who noted that these are simply staff opinions and don’t affect the law. She went as far as saying that in authoring the note, the Division of Corporate Finance was channeling the adage “fake it ’till you make it.”

In her view, the note inadequately justified the legal interpretation and she believes the conclusions conflict with the law. However, she acknowledged that certain bare bones staking programs may not involve an investment contract.

Since the change in administration, the SEC has published several staff notes related to digital assets, the first of which clarified that solo and pooled mining for proof of work blockchains will generally not be considered to involve securities.

While this is staff guidance rather than formal regulation, it signals the SEC’s likely enforcement approach under the new administration. It marks a significant shift in how crypto staking will be regulated, though the strong dissent suggests this interpretation could face challenges if the political landscape changes again.

The newly proposed digital asset legislation, the CLARITY Act, doesn’t explicitly cover staking. However, it includes explicit regulatory relief regarding blockchain-linked tokens, making such guidance less vulnerable to future political shifts by providing statutory protections for digital commodities that meet specific criteria.

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thedinarian@thedinarian

May 25, 2025

XRPL Unleashes Batch Power—What’s Hidden in the 2.5.0 Rollout?

XRPL prepares for its 2.5.0 upgrade, introducing batch transactions and advanced features to challenge Ethereum and Solana.

Highlights:

XRPL is preparing to release version 2.5.0 in June with several major feature upgrades.
The new XLS-56 feature allows users to group up to eight transactions in a single batch.
Batch transactions support atomic swaps and enable smart transaction dependency logic.
XRPL is also testing features like Account Permission Delegation and Dynamic NFTs.
Smart Escrows is currently being evaluated on the WASM Devnet for future release.

The XRP Ledger (XRPL) has confirmed integrating a major XLS-56 feature in preparation for the upcoming 2.5.0 upgrade. This release, scheduled for June, introduces batch transactions and supports future scalability. As XRPL aims to enhance performance, it moves to compete directly with Ethereum and Solana.

XLS-56 Brings Batch Transactions and Atomic Swaps to XRPL

XRP Ledger now includes the XLS-56 amendment, which enables users to group up to eight transactions in a single batch. This batch feature supports atomic swaps and smart transaction dependencies across the XRPL ecosystem. Consequently, it streamlines transaction processes and optimizes blockchain functionality.

Integrating batch transactions will support XRPL-based monetization and peer-to-peer NFT trading on a broader scale. With more efficient bundling, developers can execute advanced logic while keeping operational costs low. The upgrade demonstrates XRPL’s strategy to reduce complexity and promote seamless operations.

RippleX Senior Software Engineer Mayukha Vadari confirmed this integration through an announcement on X. She emphasized the technical breakthrough in batch processing in XRPL 2.5.0. After testing, the feature will be live once the amendment receives full validator approval.

Testing Begins for Next-Gen Blockchain Tools

Alongside batch processing, XRPL is testing additional features for phased deployment across the network. These include Account Permission Delegation, Multipurpose Tokens, Credentials, Permissioned Domains, and Dynamic NFTs. Each feature is being refined through XRP Ledger’s Devnet and Testnet environments.

The Devnet includes completed amendments that are still pending release, while the Testnet mirrors the mainnet for simulation. These networks allow developers to review feature behavior before final mainnet integration. This structured process ensures that XRPL can maintain reliability while deploying innovations.

Smart Escrows is another addition currently undergoing testing on the WASM-based Devnet. The tool aims to enhance asset handling with programmable conditions on XRPL. Once validated, this feature will expand XRPL’s smart contract capabilities.

XRPL Faces Competition from Ethereum and Solana in Upgrade Race

The XRP Ledger upgrade emerges when Ethereum prepares for its Pectra release and Solana advances with Alpenglow. Each platform is racing to improve network performance, though XRP Ledger focuses on reducing costs and enhancing functionality. Meanwhile, Ethereum and Solana prioritize scalability and speed.

XRPL’s approach includes integrating AI-powered tools like XRPTurbo to strengthen DeFi automation and utility. These enhancements position XRPL as a versatile ledger for financial and decentralized services. The upgrade aligns with long-term goals of supporting advanced applications and high-throughput demands.

XRPL continues to refine its core infrastructure with performance, modularity, and stability as key priorities. With XLS-56 now integrated, the ledger can support more complex transaction workflows. XRPL’s roadmap reflects a clear commitment to expanding use cases across its decentralized environment.

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