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Stacks (STX), Orbeon Protocol (ORBN), And Polkadot (DOT) Spike In The 2023 Crypto Boom

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Coin prices are on the rise again, with well-established coins such as Stacks (STX) and Polkadot (DOT) showing green charts again. However, one project has caught the eye of analysts as it has already surged by 2712% – Orbeon Protocol (ORBN). Keep on reading and find out how all of these tokens will compare against each other in 2023!

>>BUY ORBEON TOKENS HERE<<

Stacks (STX)

The total value locked (TVL) of Stacks (STX) is increasing, and the enthusiasm around Bitcoin Ordinals is driving up the token’s price. Later this year, the Stacks (STX) network will also receive an update to increase performance.

Stacks (STX) has a value of $1.01 with a market cap of $1.3B, a solid jump of 14.75% in the last 24 hours. Not only that, but the Stacks (STX) trading volume also sits at $309,271,131, an increase of 64% in that same time.

However, the technical analysis for Stacks (STX) paints an alarming picture of its future, as both moving averages and RSI show strong sell signals. If Stacks (STX) does not pass the resistance level of $1.3 soon, it could fall below $1 and sink to $0.6. However, analysts remain bullish for Stacks (STX) as they see it rising to $1.50 by the end of 2023.

>>BUY ORBEON TOKENS HERE<<

The Orbeon Protocol (ORBN)

As an everyday investor, you probably would not be able to back the next promising startup during its early stages. Access to this investment opportunity is mainly reserved for high net worth. But not any longer; Orbeon Protocol (ORBN) aims to change this notion to its core by bridging the gap between regular investors and Tier 1 startups!

This blockchain-based investment platform will allow startups needing funding to launch financial rounds in the form of equity-based NFTs on its Launchpad. These tokens will then be fractionalized and sold partially to all investors for a price as low as $1!

To quell rug-pull fears, Orbeon Protocol (ORBN) has already obtained an audit by Solid Proof and will freeze liquidity for ten years. Moreover, a unique “Fill or Kill” mechanism will also provide fund safety as it immediately returns all investor funds if a project’s financial round is unsuccessful.

At the center of this platform is the ORBN token, now available on major exchanges worldwide. Experts predict it could hike to $0.24.

>>BUY ORBEON TOKENS HERE<<

Polkadot (DOT)

In a recent blog post by Lido creator MixBytes, the staking service Lido (LDO) will end its staking program on Polkadot (DOT) and Kusama (KSM) on August 1. All Polkadot (DOT) and Kusama (KSM) assets on Lido (LDO) will also be unstaked on June 22.

However, this news has not negatively affected the Polkadot (DOT) token as it trades for $6.22, a rise of 4.45% overnight. The trading volume for Polkadot (DOT) has also increased by 7.71% in that same time and now stands at $165,131,306.

The technical analysis for Polkadot (DOT) has also been showing positive trends forming, with all technical indicators and moving averages displaying buy signals. Analysts believe this bullish trend will continue, with Polkadot (DOT) surpassing $7.44 by December 2023. Ultimately, Polkadot (DOT) has a good short-term rally in store that could attract more investors to the asset.

 

Find Out More About The Orbeon Protocol

Website: https://orbeonprotocol.com/

Uniswap: https://app.uniswap.org/#/swap

Telegram: https://t.me/OrbeonProtocol

Twitter: https://twitter.com/OrbeonProtocol

TikTok Fined in The UK Over Breach of Children’s Data Protection Law

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The brand is growing

Short-form video hosting platform TikTok has been fined £12.7m for multiple breaches of data protection law, including using the personal data of children under the age of 13 without parental consent.

The Information Commissioner’s Office (ICO) which upholds information rights in the public interest, estimated that TikTok allowed up to 1.4 million UK children under 13 to use its platform in 2020, despite its own rules of not allowing children of that age to create an account.

The UK data protection law disclosed that organizations that use personal data when offering information society services to children under 13 must have consent from their parents and TikTok failed to adhere to the law, knowing fully well that the platform is being used by some children under the age of 13.

The social media giant has been called out for failing to do due diligence by identifying underage individuals on the app and restricting them from gaining access to it. The ICO disclosed that such information was uncovered after some senior employees at the company expressed concerns about children under 13 using the platform and not being removed.

The UK Information Commissioner John Edwards said,

There are laws in place to make sure our children are as safe in the digital world as they are in the physical world. TikTok did not abide by those laws. As a consequence, an estimated one million under 13s were inappropriately granted access to the platform, with TikTok collecting and using their data. That means that their data may have been used to track them and profile them, potentially delivering harmful, inappropriate content on their very next scroll.

TikTok should have known better. TikTok should have done better. Our £12.7m fine reflects the serious impact their failures may have had. They did not do enough to check who was using their platform or take sufficient action to remove the underage children that were using their platform.”

Responding to the ICO investigation claims, a spokesperson at TikTok said,

TikTok is a platform for users aged 13 and over. We invest heavily to help keep under-13s off the platform and our 40,000-strong safety team works around the clock to help keep the platform safe for our community.

“While we disagree with the ICO’s decision, which relates to May 2018 to July 2020, we are pleased that the fine announced today has been reduced to under half the amount proposed last year. We will continue to review the decision and are considering the next steps.”

TikTok emphasized that it had changed its practices since the period the ICO investigated. Now, in common with social media peers, the site uses more signals than a user’s self-declared age when trying to determine how old they are, including training its moderators to identify underage accounts and providing tools for parents to request the deletion of their underage children’s accounts.

TikTok’s recent fine in the U.K, is coming amid calls for it to be banned in the U.S. over national security concerns, as government officials disclose that the app could be providing vital information of US users to Beijing.

How do you price that product?

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Do not use a cost-plus pricing (cost plus markup) model in your company. It is a very non-optimized pricing playbook. Customers do not buy your products because of how much it costs you to produce them. In other words, customers do not care what you have put into the factors of production. What they want is VALUE!

So, when you price, focus on value, and that means, use a value-based pricing model. Of course, as you do that, you need to understand your cost, including the fixed and variable costs. In a strong position, you can add more on the cost-plus but in a worst case scenario, the value-based becomes cost-plus (typical in commoditized business).

In elementary physics, friction is a force. To overcome friction, you need another force. In the market, customers’ problems are market frictions. To overcome them, you need to create products and services which are the most powerful forces in market systems. Products deliver value!

It is the value you create that customers buy, and not how much it costs you to produce it. Communicate VALUE in the market and thrive. 

Learn from Tesla which has been communicating Value on its cars. But recently, it has also started emphasizing “cost” as markets shift: “Tesla’s tactic of pruning back prices this year is beginning to bear fruit. The electric vehicle maker enjoyed a five percent sales increase in the first quarter and delivered a record 422,875 vehicles, which was just below Wall Street’s estimates.”

Tesla’s tactic of pruning back prices this year is beginning to bear fruit. The electric vehicle maker enjoyed a five percent sales increase in the first quarter and delivered a record 422,875 vehicles, which was just below Wall Street’s estimates. The company has addressed the long waits — typically driven by limited production capabilities — that have often marked the buying experience by ramping up outputs at plants in Austin, Texas, and in Germany. Still, some analysts are concerned about whether Tesla can maintain the growth without further price cuts.

Tesla’s first quarter deliveries represent a 36% increase compared to the same period last year and 4% more than its previous quarter. Its previous delivery record was roughly 405,000 cars in one quarter.

Tesla recently issued a recall for 35 of its electric Semis over a faulty parking brake.

The company is also facing a probe from the National Highway and Traffic Safety Administration over malfunctioning seat belts.

Tesla shares fell as much as 5% Monday morning.

Comment on Feed

Comment 1: Prof, considering the Tesla example, will it be accurate to say that in an economic boom consumers are value sensitive, while in an economic crunch they become price sensitive?

And how about the big boys and girls in the luxury consumers bracket?

My Response: In the luxury business, “price” is not a factor since it is luxury. We are focusing on a typical elastic demand market. Value-based model wins when you have a strong market position (category leader, monopoly, strong leverages, etc). Cost-plus is for the commoners where the value is the “price”.

The State of Real Estate in Africa and How Technology Is Changing It – Tekedia Live

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Join us at Tekedia Live today, as Tekedia Mini-MBA members co-learn on real estate and how technology systems are redesigning the industry in Africa. Our faculty is a zen-master in the industry. He is fractionalizing real estate investment. That business is a mini-conglomerate with many components including building, research & consultancy, etc, all encapsulated in a soon coming housing exchange where people can buy and sell fractions of real estates, properties and land, for as little as N1,000 or $2.

UGO PETERS will teach how tech will unlock new vistas in African real estate.

Have you registered for the next Tekedia Institute Mini-MBA? Go here 

A Historical View of Ethnomethodology

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Following Alfred Schutz’s phenomenological theories in the 1960s, the field of ethnomethodology was born. It could be suggested further that Erving Goffman, who was born in Alberta, Canada, on June 11, 1922, played an invaluable role in the establishment of the intellectual scheme. Owing to his stance on free thought, Goffman was regarded as a cult figure and an essential theorist in sociological theory (Williams, 1986).

In 1982, he passed away at the height of his popularity – as president-elect of the American Sociological Association. However, he was unable to deliver the Goffmanian presidential address due to his failing health. It is, indeed, challenging to fit Goffman’s theoretical perspective into a single sociological category because his distinctive orientation was derived from a variety of sources (Ritzer, 2011).

In spite being taught by Symbolic Interactionists, Collins (1986) and Williams (1986) linked Goffman more with the field of social anthropology in a bid to categorize him. To support their position, Collins studied an earlier paper done by Goffman and found that social anthropologists were cited more often than symbolic interactionists. Nevertheless, the Goffmanian perspective was inspired by the descriptive studies conducted at Chicago, which combined their point of view with that of social anthropological research to create his distinctive perspective.

A symbolic interactionist, for instance, might examine how people construct or negotiate their self-images, whereas Goffman was interested in how society compelled people to present themselves in a certain way, ultimately leading to their being inconsistent, untruthful, and dishonourable (Collins, 1986:107). Despite having a different viewpoint, Goffman had a significant impact on symbolic interactionism.

The phrase “civil inattention” was first used by Goffman, and it refers to an experience we all have on a daily basis. As an illustration, commuters regularly congregate at different time interval, every day, to go from the parking lot of the University of Ibadan (first gate) to various places on campus. When necessary, some people will nod, smile, or establish eye contact as a sign of mutual goodwill. However, some people will act differently than expected, disembarking when they arrive at their bus stops to begin their various tasks.

These activities, which Erving Goffman refers to as civil inattention, were of fundamental significance to the social life of the University system. The exchange of greetings and other small talk are largely unconscious. Like when someone briefly glances at another person before turning their gaze elsewhere. Giddens and Sutton (2013) contend that this civil inattention is distinct from ignoring another individual and should not be interpreted in the same way. However, why should sociologists be interested in such trivial aspects of behaviour? The practise of acknowledging others’ existence while avoiding overt gestures (Goffman, 1967; 1971). All of these tasks are done by us every day without a second thought. The fact that we do not have to take into account our everyday activities, however, does not mean that they are not subject to sociological analysis (Giddens & Sutton, 2013).

I believe, we can all relate to this concept of civil inattention; in fact, Alfred Schutz (1899–1959) saw it as the fundamental beginning point for phenomenology, the study of how people come to have that attitude of taking things for granted and how it is reflected in social interaction. The interaction between people is one of the most fascinating or absorbing topics in sociology, far from it being uninteresting. The majority of social experiences involve talk – casual verbal exchange – carried out in conversation with others, although we frequently use non-verbal cues in our own behaviour and in understanding the behaviour of others. Language has always been acknowledged by sociologists, particularly symbolic interactionists, as being essential to social life (Giddens & Sutton, 2013).

But in the latter half of the 1960s, a method was developed that pays close attention to how people use language in regular settings of daily life and how this usage generates social order. An ethnomethodologist investigates the social interaction mechanisms that give rise to this social order. According to Haralambos, Holborn, Chapman, and Moore (2013), social order is only an apparent order created by individuals of an ecosystem. Thus social life only seems organized to society’s members because they actively participated in making meaning of it.

Much like many other people who came of age during the Great Depression and later World War II, Harold Garfinkel had to go through a difficult process to join the field of sociology. He was born on October 29, 1917, to a small merchant in Newark, New Jersey. Even though his father advised him to seek a trade, Garfinkel wanted to go to college. Several different social theories were presented to Harold Garfinkel, but most notably the writings of phenomenologists (Ritzer, 2011). As one of Alfred Schutz’ student, Harold Garfinkel, was known to have coined the term “ethnomethodology” (Giddens & Sutton, 2013), ascribing its origin to his research on the jury’s members in 1954 (Garfinkel, 1974).

His intention was to outline the logical strategies jury members use to present themselves in a jury chamber as a jury. Garfinkel (1984) asserts that these methods support the social order of serving as a juror for the jury members as well as for academics, researchers, and other interested parties in that particular social context. It is interesting to note that Talcott Parsons also taught Garfinkel; as a result, this ostensibly novel body of knowledge was oriented in a way that combined Schutzian and Parsonsian ideas.

In its basic form, the word “ethnomethodology” refers to the cultural practices employed by locals (constituents of a specific society) to create their social universe. However, by reviewing the founders’ viewpoint, Garfinkel (1988; 1991), we can delve deeper into the essence of ethnomethodology. Garfinkel, like Emile Durkheim, views “social facts” as a crucial sociological occurrence (Hilbert, 2005). But Garfinkel’s sociological findings diverge significantly from Durkheim’s.

According to Durkheim, social facts are external to and coercive of individuals. To put it another way, social realities are imposed on people from without. People who embrace this focus frequently believe that actors are constrained or determined by societal structures and institutions and have little to no ability to make independent decisions. In the sarcastic language of ethnomethodologists, these sociologists frequently refer to actors or individuals as “judgmental dopes” or “cultural dopes” – the man in the sociologist’s society who merely enacts the prescribed behaviours dictated by their society’s culture. The objectivity of social facts, however, is treated by ethnomethodology as members’ achievements (Ritzer, 2011; Haralambos et al., 2013).

These members are not considered independently, but rather “strictly and solely, in their collective membership activities – the artistic processes by which they create what’s for them, which includes small-scale interpersonal or interactional structure and large-scale organisational structure” (Hilbert, 1992:193). The organisation of everyday life, or as Garfinkel (1988:104) puts it, “immortal, ordinary society,” is still a concern in ethnomethodology despite its primary micro orientation to actors and their action and behaviour. In conclusion, ethnomethodologists are more interested in the artistic practises that give rise to both macro and micro structures rather than either one being of particular interest to them.

In order to address the traditional concern of sociology with objective structures, both micro and macro, Garfinkel and the ethnomethodologists have looked for novel approaches (Maynard & Clayman, 1991). In light of this, ethnomethodology is the study of “the body of common knowledge and the variety of procedures and considerations [the techniques] by which the ordinary members of society make sense of, find their way around, and act on the circumstances in which they find themselves” (Heritage, 1984:4). A good example would be the common or casual approaches people use to interpret the actions and, more specifically, the speech, of others. But in order to understand what was said in a discussion, it is wise to be aware of the social context.

These implicit expectations include how a typical discussion is structured. For instance, understanding when to speak and when to remain silent, what to assume without explicitly saying it, and other situations (Giddens & Sutton, 2013). Our ability to continue existing depends heavily on our ability to pretend we are unaware of what is being said and why. In Garfinkel’s view, this sharing of unstated assumptions gives our daily lives stability and meaning. Meaningful dialogue would be very difficult if we were unable to accept these as givens. Any query or comment would have to be followed by a significant “search procedure” of a similar kind. Thus, what initially appeared to be unimportant conventions for talking right now reveal themselves to be essential to the very foundation of social life, which is why their violation is so severe.

REFERENCES

Collins, R. 1986. Is 1980s sociology in the doldrums? American Journal of Sociology 91: 1336-1355.

Garfinkel, H. 1974. The origins of the term ethnomethodology. In R. Turner (ed.). Ethnomethodology Harmondsworth: Penguin. 15-18

Garfinkel, H. 1984. Studies in ethnomethodology. Cambridge: Polity Press.

Garfinkel, H. 1988. “Evidence for locally produced, naturally accountable phenomena of order, logic, reason, meaning, method, etc., in and as of the essential quiddity of immortal ordinary society (I of IV): an announcement of studies.” Sociological Theory 6:103-109.

Garfinkel, H. 1991. “Respecification: evidence for locally produced, naturally accountable phenomena of order, logic, reason, meaning, method, etc., in and as of the essential haecceity of immortal ordinary society (I): an announcement of studies.” In G. Button (ed.). Ethnomethodology and the Human Sciences Cambridge, England: Cambridge University Press. 10-19

Giddens, A. & Sutton, P. W. 2013. Sociology. 7th ed. Hoboken, New Jersey: John Wiley & Sons, Inc. 317-319

Goffman, E. 1967. Interaction ritual. New York: Doubleday/Anchor.

Goffman, E. 1971. Relations in public: microstudies of the public order. London: Allen Lane.

Haralambos, M., Holborn, M., Chapman, S., & Moore, S. 2013. Sociology themes and perspectives. 8th ed. London: HarperCollinsPublishers Limited. 982

Heritage, J. 1984. Garfinkel and ethnomethodology. Cambridge, England: Polity Press.

Hilbert, R. A. 1992. The Classical Roots of Ethnomethodology: Durkheim, Weber and Garfinkel. Chapel Hill: University of North Carolina Press.

Hilbert, R. A. 2005. Ethnomethodology. In G. Ritzer (ed.). Encyclopedia of Social Theory Thousand Oaks, California: Sage. 252-257

Maynard, D. W. & Clayman, S. E. 1991. The Diversity of Ethnomethodology. Annual Review of Sociology 17: 385-418.

Ritzer, G. 2011. Sociology theory. 8th ed. New York: McGraw-Hill.

Williams, S. J. 1986. Appraising Goffman. British Journal of Sociology 37:348-369.