Share the post "Why Miftah Ismail Did Not Answer Web Three Point Zero Question"
Something on Miftah Ismail’s Educational Background is really interesting. Dr. Miftah Ismail Ahmad, who is a Bachelor of Science from Duquesne University in Pittsburgh, PA, and Studied at the University of Pennsylvania, later did his Ph.D. from The Wharton School, Philadelphia, PA. His discipline majors in Public Finance and Political Economy. Miftah remained as an Economist at International Monetary Fund from August 1992 till May 1993. A decade later, he acted as Vice Chairman Punjab Board of Investment & Trade (PBIT) from Jan 2012 – to Dec 2012. He also served as Director of Pakistan International Airlines for seven months starting from Oct 2013 and lasting till Jun 2014. He also has experience of remaining as Director of Sui Southern Gas Company from Oct 2013 onwards.
Beggars can’t be choosers
Later, in August 2014, two years after I contacted him via LinkedIn to give me a job in his organization. He politely responded and asked me to supply my CV. Which I did! On merit, I was rejected. He did not give me a job! On a serious note: this adds to the sincere contribution he has made at Candyland being the Directors for being honest and courteous at the same time.
As per industry experts, Dar and later on Miftah had hedged the dollar value for a long. This increase was due and much expected. This is the only truth he brushed into your face and accept last time and now.
Mujh se behtar koi nahi janta web 3.0 ko
If you ask Imran Khan about it. Actually, the appropriate answer would be: “Web 3.0 ko mujhse behtar koi nahi janta”. I will still neither call Mr. Imran nor current PM Jahil because neither they nor their finance ministers have anything to do with web 3.0. And if someone doesn’t know something it doesn’t make it a clown. But I have a fair idea, Imran couldn’t know it because he doesn’t know anything beyond foreign conspiracy nowadays. Previously he use to talk about quantitative objectives, like 5 million homes or 10 million Jobs, as he has learned that he cannot possibly achieve it in the next 50 years he is selling abstract objectives. Like khudari and self-reliance which no one can measure and hold him accountable for!
There are no web 3 experts in the world because literally, no one knows what it is.
Muhammad Omar Nasir – A Fintech Expert
Explaining Web 3.0, this is generally what Mr. Omar Nasir had to say:
- So in the ongoing cycle of the web, clients are the item that implies the stages are free (Google, FB) and you have zero commands over your information. Your movement on the web is adapted, however, you get no part of the income.
- Web3 proposition is to guarantee all administrations are somewhat client claimed, and when you play out some movement on a stage you fundamentally get compensated in crypto coins. That takes care of the adaptation issue and creates income for both the client and the stage (if the crypto cost goes up). Is there something more than monetization to it? like Social Media banks? Or exchange of clout like Klout or Kred? (Exchange like for like?) For the time. No. It is just monetization.
- Another more treacherous application is making the client pay crypto tokens to get help. You can get too specific elements on stages provided that you purchase those coins and spend them on the stage. For example, if you need to post a status update on web3 FB, you need to spend crypto tokens. You can also probably earn crypto tokens on the same platform by engaging in other activities. This will only serve to make your internet experience completely miserable. Omar believes the concept would be that you need to spend tokens to upload a video and then other people need to pay to watch it, thereby generating revenue. Not sure how TikTok would work in web3.
- What makes all of this staggeringly moronic is that it professes to remove the power from focal specialists (like FB, yet it’s clearly false) and give it to the client, yet there is just no restriction to the number of coins an individual can possess. You will without a doubt wind up experiencing the same thing as a couple of rich people who will support every one of the coins and have unlimited authority over the stage. It settles the score more regrettable: crypto can be made difficult to follow so essentially some obscure very rich ppl will assume command of significant administrations with no guidelines set up.
- Is NFT and Fintech part of it? NFT, yes. Fintech is just a term. You could apply it to web3 monetization. Or not.
- Does this mean employing people to engage with content to earn coins and in return being paid a small portion in terms of the real money? This is about DAOs, a form of user ownership in which people who own the tokens behind a service get to make decisions. Trouble is, that a single person can own majority tokens and abuse the voting system. there was a recent $180m hack based on this exact same flaw.
