Greetings.

Yesterday, the mods of the 3speak organized a Twitter space with the name "Community token talk". I have recently joined the 3 speak community and I liked the way it works although the bug which came ereyesterday that did not allow you to save the videos for publishing was annoying and took a lot of my efforts or time because I wanted to publish a video at that time. Anyways that was fixed in a day by the developers and everything works well after that.

Twitter Space.

Like I earlier said, there was a random space organized for the community talk and as I was free and looked kind of interesting so I joined it through the link shared on discord.

There were around 16-18 members there and I stayed for about 45 minutes as at that time, here in India it was 11:30 PM, and had to sleep although, I sleep around 12:30 to 1 today I had to wake up at 5:30 as I was required to go somewhere. But still, those 45 minutes of listening were worth it.

There were many topics discussed, some core developing talks which it was hard for me to understand but I still was getting some idea like, what is going on...

There were talks about forks and block efficiency and block irreversibility, relating to DPoS. The main speakers, 3speak and They call me Dan had a long talk on true decentralization where they both mentioned many points and most of them were agreeable and appreciable. I was on the right, you could be able to see the name Sanjam with an Ape profile picture, yep that's me!

There was one line said which I don't remember who said but it was this, "If you can be sued, it is not decentralized. After the sued word came, lawsuits on many projects and exchanges like XRP vs SEC case came up including Coinbase lawsuit came up and the thoughts shared were well diversified, and won't say they were biased but yes, HIVE was a thing which received much praises.

Then there came thoughts about centralization with lawsuits and was discussed if something is managed by 1 entity then it is centralized. Here one other nice thought was presented although, I don't remember the exact words I do remember what it meant.

"If you say, if something is managed by AI and on that basis, your opinion is it is decentralized then you are wrong. In the end, some person would be managing that AI only. Hence the person is one entity and therefore centralized."
Again speaking, I don't remember the exact words and this is the meaning I understood from those words, although this is kind of agreeable, ain't that?

Layer 1 and Layer 2 discussions happened which I wasn't able to understand much except that " we cannot do much on layer 1 and we need layer 2 solutions."

Then, My name is Dan talked about the potential of crypto and considered it undervalued below a $1 Trillion market cap. Saying, who would like to invest in stocks or bonds these days, they are not helping in hedging inflation which is kind of true. I don't know about US market data but the Indian market, is referred to as the fastest growing economy here, the average ROI, if you invest, is around 10-12% annually although this would vary in different stocks if you take an Index for example which contains top 50 companies then what you would be getting is 10-12% annual return depending on market conditions.

This number seems ok but till that time when you come to know that inflation is touching the 9% mark and in the end, who waits for 1 year to get a 12% return?

The last topic on which discussion was on from the time I left was about Fiat. I liked a thought here, Dollar is performing well but till how long?. In the end, it is performing much better than normal fiat currencies at the current time. No matter if you take INR (Indian Rupee), it is on a severe decline against USD. USD is also inflating and will keep doing. Powell Sir has a target of dropping inflation to 2%, let's see if their target gets achieved before he is 80,
Currently is of 69 >;)

Source

I would like to thank the mods and 3Speak itself for organizing the space, I wish I was able to attend complete but anyways it as good.
Thank you for reading the post and have an incredible rest of your day!

SANJAM