Hussein Faraj Profile picture
CEO of NuGenesis network and Metalabs global. Extensive Background in government advisory services and financial systems. Decentralized Ledgering experts.
Jun 12, 2023 8 tweets 5 min read
Guys arguing BTC can be classified as a security under Howey test.

1/8: Let's explore why #Bitcoin and similar #cryptocurrencies aren't classified as securities under the Howey Test. This test assesses whether an arrangement involves an investment contract. #Crypto #HoweyTest 2/8: The Howey Test has 4 key points: an investment of money, expectation of profits, a common enterprise, and efforts of a promoter or third party. Let's break these down for Bitcoin. #CryptoRegulation #Bitcoin
Jun 9, 2023 10 tweets 2 min read
🔥 Interesting facts about NuGenesis Network and its vast technology stack! 🔥

1️⃣ Nugenesis Network has achieved its success without raising a single dollar from investors. The founders and partners, including platinum stakers, have self-funded the entire development. 2️⃣ Unlike many projects, NuGenesis Network turned down numerous investment offers and chose not to sell a single coin until the entire tech was fully developed, thoroughly tested, and successfully launched.
Jun 9, 2023 6 tweets 1 min read
Aa list of cryptocurrencies that the Securities & Exchange Commission (SEC)has officially designated as securities according to chatgpt
BNB
Binance USD (BUSD)
Solana (SOL)
Cardano (ADA)
Polygon (MATIC)
Cosmos (ATOM)
The Sandbox (SAND)
Decentraland (MANA)
Axie Infinity (AXS)
COTI Ripple’s XRP
LBRY’s LBRY Credits (LBC)
Algorand (ALGO)
Telegram’s Gram (TON)
OmiseGo (OMG)
DASH
Naga (NGC)
Monolith (TKN)
IHT Real Estate (IHT)
Power Ledger (POWR)
Kromatica (KROM)
DFX Finance (DFX)
Amp (AMP)
Rally (RLY)
Rari Governance Token (RGT)
DerivaDAO (DDX)
Feb 5, 2023 14 tweets 3 min read
Att: goon squad, I have never come accross a bunch of individuals who hide behind the pretext of being just, while fighting to destory any person, that dosnt say or agree with their comments or behaviour.
I usually ignore such extremists, although I fear that their behaviour Deliberate in nature & is coordinated to put fear in any person who wishes to support a Celsius best recovery approach. First, let's address the issues of the past and move on towards the future. We all agree, mismanagement and insider failure, including misrepresentation by all
Feb 5, 2023 8 tweets 2 min read
1/8
The issues with proof of stake and scalability when planning on using the blockchain for large volumes of data and trying to scale up transactional speeds to over 100000 transactions a second.

Proof of Stake (PoS)is a consensus mechanism that offers several 2/8 advantages over Proof of Work (PoW) for blockchains, including lower energy consumption and higher scalability. However, when planning to use the blockchain for large volumes of data and trying to scale up transactional speeds to over 100,000 transactions per second,
Feb 5, 2023 5 tweets 1 min read
1/5 The issues with proof of work and scalability when planning on using the blockchain for large volumes of data.

Proof of work (PoW) is a widely used consensus mechanism in blockchains that requires solving a complex computational puzzle to 2/5 validate transactions and create new blocks. This process can be computationally intensive, consuming large amounts of energy and making the blockchain less scalable. As more transactions are added to the blockchain, the amount of computational power required to validate them
Feb 4, 2023 8 tweets 2 min read
1/8 Blockchain sharding refers to the process of dividing a blockchain network into smaller units, known as shards, in order to increase its scalability. Although sharding has the potential to solve many of the scalability issues faced by blockchains, it also presents several 2/8 challenges that need to be addressed.

Complexity: Implementing sharding in a blockchain network is a complex process that requires a significant amount of technical expertise. There is a risk of introducing bugs and vulnerabilities into the system, which could negatively
Feb 4, 2023 5 tweets 1 min read
Blockchains, by design, are slow in processing large pools of data compared to traditional centralized systems. This is because blockchains rely on consensus algorithms to validate transactions, which can be time-consuming, especially as the network grows. Additionally, blockchains have limited storage capacity and network bandwidth, which can also contribute to slow processing speeds.
To address these issues, several solutions have been proposed, including off-chain transactions, sharding, and layer-2 solutions. Off-chain transactions allow for
Feb 3, 2023 5 tweets 1 min read
1/5 What will Artifial intellegence be able to do, to limit the need for humans to work in the future and allow humanity to spend more time on enhancing social presence?

Artificial Intelligence has the potential to automate many tasks that 2/5 currently require human labor, freeing up people's time for other activities. However, this scenario also raises questions about job displacement and economic impacts, and requires careful consideration of the social and ethical implications.
Feb 3, 2023 4 tweets 1 min read
What is logical about an approach that sees maximum losses.

Instead of showing a company has potential and if bidders took it over they could possibly see a great investment. We sometimes choose to allow spite and emotions get the better of us, We allow the pain and hurt to blind us, We walk into traps of scavengers, who are waiting at the door to take, everything cheap. I ask the question, is it better to say something is worthless and a complete scam that never had any value rather than showcasing the good and bad and showing those scavengers that