To the Einsteinium Global Community,
Happy holidays to all of you and your loved ones.
As leadership of the Einsteinium Foundation, we are proud of the trust you continue to give to us to carry out our mission, and we are pleased to update you on the progress we are making towards the Einsteinium Foundation’s strategic plan.
Altogether, our work is the product of broad engagement across the Einsteinium Foundation and our community and many, many hours of dedicated hard work. Some of which we highlighted in our 2021 and 2020 annual letters.
Our strategic priorities are in place and we are putting the finishing touches on the initiatives that will help us on the release of Milevium (MIL).
Some of our initiatives are already underway, like the Annual EMC2 award or the Einsteinium Fellowships (highlighted below). Other projects will take a longer period, like reviewing and improving our funding mechanisms to meet future expectations for our organization, and recruiting team members and world-class scientists to be a part of our scientific review and advocacy programs.
Taken together, these initiatives will result in meaningful advances in our operations at the Einsteinium Foundation.
We are very excited about our collective work and know that it will better prepare the Einsteinium Foundation to meet the challenges facing us in the future.
While these challenges may feel daunting, they also present a unique opportunity to shape an ambitious future. We are proud of the advances we have made thus far and look forward to continuing to work together as a community to implement our plan and position EMC2 and MIL as a leader in the scientific blockchain space. We also continue to look at opportunities in the decentralized science, or DeSci, space.
We always love to hear from you, and in an effort to make communication easier we invite members of our community to complete a short survey https://bit.ly/3Sv9Zwf for us to receive feedback on our progress to date, and to help guide our strategic initiatives going forward.
The world today
Broadly, the global economy has experienced significant challenges and fluctuations in recent years, including an economic recession, increasingly high levels of debt, and rising inequality. Many economies around the world have struggled with slow growth, high unemployment, and other economic challenges.
At the same time, there have also been successes and periods of growth in some areas (especially technology and biotechnology), and the global economy has demonstrated resilience and the ability to adapt to changing circumstances.
As of 2021, the US economy was experiencing a period of economic expansion and growth, with low unemployment and rising wages.
However, there were also challenges and areas of concern, including rising levels of debt and inequality, and ongoing trade tensions with other countries.
The economic impact of the COVID-19 pandemic has also had significant effects on the US economy, with many businesses and industries facing disruptions and financial challenges.
These challenges have translated themselves into economic hardship, with the current cryptocurrency winter as a result. Which is also directly adding delays to some of our current strategic initiatives, however we remain focused on navigating active collaborations and the final steps for MIL. The Einsteinium Foundation has a long history in the cryptocurrency space, the group is battle hardened and we have learned to survive in difficult times.
Our focus remains on the delivery of MIL, an evolved blockchain, and we continue to finalize agreements and the next best steps as we have experienced some delay in operations.
Science and society
The scientific process is a way of understanding the world around us and seeks to explain natural phenomena through observation, experimentation, and analysis.
It is a process that is constantly evolving and builds upon our collective knowledge and current understanding of the world.
We look at Society, on the other hand, as the sum of the social relationships and cultural practices of a group of people.
The complex relationship between science and society are interconnected in many ways, as the pursuit of scientific knowledge often reflects and is shaped by the values and priorities of the society in which it takes place. Over human history, these two have been at odds with each other.
At the same time, scientific discoveries and technological innovations can have significant impacts on society, shaping the way we live and interact with the world around us. By making life easier through technological conveniences, or medicines to extend life and cure disease, or human communication as powered by the internet.
The relationship between science and society includes the way that scientific research is often funded by governments or private organizations (this is the area Einsteinium plans to make significant contributions) with specific goals or agendas, the way that scientific discoveries can influence public policy and decision-making, and the way that societal values and beliefs can influence the direction of scientific research.
Science and blockchain
Blockchain technology is a distributed digital ledger that allows multiple parties to record, verify, and share transactions and other types of data in a secure and transparent way.
It is a decentralized system that relies on a network of computers to validate and store data, rather than relying on trust in a central authority.
It is possible that blockchain will play an increasing role in applications in scientific research and data management, we continue to look at this space. Where blockchain technology could potentially be used to securely and transparently store and share scientific data, including research results and data from experiments.
Blockchain technology could be used to create secure, decentralized databases of scientific data that are accessible to researchers around the world. Which is an important component to increasing scientific advancement and equity.
It could also be used to track the provenance of scientific samples, such as biological specimens, and to verify the authenticity and integrity of scientific data. We look forward to seeing active innovations in these areas.
It is likely that cryptocurrency will play a significant role in funding scientific research and other scientific endeavors (the area we operate in). The future is increasingly pointing towards the use of cryptocurrency to fund scientific projects and initiatives with high impact.
Many organizations, including the Einsteinium Foundation, have already begun using cryptocurrency to fund scientific research and other projects, and it is likely that this trend will continue in the future.
Our history
The Einsteinium Foundation is a non-profit organization that is focused on supporting and promoting scientific, technological, and educational projects. The foundation is based in Canada and is run by our board of directors and a team of volunteers.
The original organization was founded in 2014 by a group of individuals who were interested in using cryptocurrency technology to fund scientific, technological, and educational projects.
The foundation is named after the famous German physicist Albert Einstein and is associated with the cryptocurrency Einsteinium (EMC2), which was created as a way to fund the foundation's activities.
The Einsteinium Foundation initially focused on funding a range of scientific and technological research projects, including studies on cancer and other diseases, renewable energy, and educational initiatives.
Over time, we expanded our focus to include a wider range of projects and initiatives that are aimed at solving some of the world's most pressing problems and directly contributing to efforts to combat the ongoing SARS-CoV-2 pandemic.
In addition to funding projects, the Einsteinium Foundation also hosts the Einsteinium Awards, which are intended to recognize and reward individuals and organizations that are making significant contributions to science, technology, and education.
Our core mission: government funding of science is in crisis
We would like to take a moment to reinvigorate and state why The Einsteinium Foundation does what it does.
Much of our effort is designed to combat problems and growing inequities in what the traditional scientific funding institutions offer.
The prevailing trends continue to be a deemphasis (and devaluing) in the funding of fundamental scientific discovery as compared to translational research and in this way, science has become industrial.
While our comments largely target gaps in the American funding system, we believe these issues in the training, development, and retention of scientific talent to be a global problem. We also hope for an increase in global equity, and access to scientific opportunities (especially in the global south).
We must ask ourselves, why do people leave science?
We also see that the training of scientists suffers from a breakdown of the apprenticeship model into a form of the commodification of scientific training, and a devaluing of junior and early-career researchers.
As it stands, it is the alternative career in the funnel of scientific talent. While not everyone desires to be a university professor, and success should not solely be measured by the establishment of academic labs, we believe they are the future drivers of innovation and provide fertile soil and safety for the growth of new ideas which challenge old paradigms, and a renewable resource for basic science to move to targeted application at the bedside.
We believe that part of the problem for so many uniquely qualified and highly skilled individuals leaving fundamental science is the intrinsic instability of their lives. Which is difficult to navigate with often distant geographic dislocation, and salaries that have failed to keep pace with inflation and cost of living.
The DeFi space, and decentralized initiatives.
Decentralized finance (DeFi) is a financial system that is built on blockchain technology and operates in a decentralized manner, without the need for central intermediaries such as banks.
DeFi platforms allow users to access a variety of financial services, such as lending, borrowing, and trading, using digital assets and smart contracts.
DeFi platforms and technologies could potentially have some indirect applications in the field of science.
We see a future where DeFi platforms could be used to facilitate the secure and transparent financing of scientific projects and research initiatives.
Underlying technologies used in DeFi, such as blockchain and smart contracts, could have applications in scientific research and data management and operate on a milestone based incentive system.
Blockchain technology could be used to securely and transparently store and share scientific data, and smart contracts could potentially be used to automate the execution of scientific experiments or other research tasks. We continue to look for opportunities and progress in this space.
The NFT space
Non-fungible tokens (NFTs) are digital assets that are used to represent a variety of different types of digital content, including art, collectibles, and more.
We see a possibility that the NFT space could intersect with science in some ways.
Scientific research and data could potentially be represented as NFTs and traded in the NFT market.
Additionally, the use of blockchain technology, which is central to the creation and trade of NFTs, has the potential to have applications in scientific research and data management, and commemoration of projects and scientific publications.
We are exploring proposals regarding the intersection of these areas and they are currently being reviewed by our team. However, we continue to look for ideas in this creative and dynamic space.
We seek open collaboration on an NFT collection with members of the Einsteinium community.
As an example project, a collection could be designed to commemorate the Einsteinium team and projects that have been built and supported through Einsteinium’s technology.
We are soliciting unique and visionary project ideas. Interested parties should reach out to the Einsteinium Foundation at contact@emc2.foundation.
New exchanges
We continue to look for new ways to increase the awareness for The Einsteinium Foundation and functionality of Einsteinium, our current product.
Adding new exchanges is a central part of our plan for MIL, as it will drive liquidity and adoption.
Einsteinium, the coin, is available to trade on several top cryptocurrency exchanges. In addition, we are excited by and fully support the recent community-driven activity to reach out to exchanges on our behalf.
As a strong driving signal on the Foundation side and in order to reach a wider audience in the cryptocurrency community we are planning for additional exchange listings.
We anticipate significant updates on this front in the new year.
Growing our team
The Einsteinium Foundation is always looking to add to our team.
We encourage anyone interested in any role within the Foundation to reach out to us.
As we anticipate expanding on our team, the Einsteinium Foundation is looking for a number of roles to contribute towards the success and adoption of Einsteinium. For more information about this, reach out to us via the contact form on our main page to express your interest.
We are currently looking for a Blockchain Developer to work on our new cryptocurrency core that utilizes the Ethash mining algorithm.
The ideal candidate will have strong hands-on development experience with Bitcoin or any other Bitcoin-like cryptocurrency core project. This current position is not recruiting for smart contracts developers.
Einsteinium College internship program
The Einsteinium Foundation is looking to instate an internship program which would be a mentored program designed to provide current college students with hands-on experience and familiarize them with career opportunities in blockchain technology and philanthropic science.
College/University students will be accepted into the internship program. Interns are matched with Einsteinium members according to their stated area of interest and work on an ongoing project in one of our programs.
College students interested in this program should reach out to the Einsteinium Foundation at contact@emc2.foundation.
We plan to host our inaugural cohort of students in summer 2023.
A vision for Einsteinium and Milevium’s future
This year we achieved a major step in the release of MIL.
Security on the blockchain is of fundamental importance. Therefore, the actions taken by the Einsteinium and Komodo teams, to implement Komodo’s delayed Proof of Work (dPoW), solidifies the strength of the MIL network and directly drives our ability to promote widespread adoption and usage.
This progress cannot be understated as it allows us to release a safe and effective product, currently EMC2, and in the near future MIL.
Importantly, The Einsteinium Foundation has been working with the Komodo team for years as a core technology and we want to continue our strong relationship
We believe that the innovative Einsteinium and Milevium mining tax algorithm is the most sustainable business model in the science and blockchain space. We have also begun to explore additional technical development in our MIL project to keep it competitive in the fast-moving cryptocurrency space.
We are doubling down on our efforts to bring new technology to the masses in the form of MIL and to achieve our mission of creating a long-term solution for scientific funding using cryptocurrency.
A future with cryptocurrency
It is difficult to predict with certainty what the future holds for cryptocurrency but it has proven its resiliency time and time again.
Cryptocurrencies have gained significant attention and adoption in recent years (along with significant regulation), but they are still a relatively new and rapidly evolving technology. We believe in a bright future for this space.
One potential trend that could shape the future of cryptocurrency is the increasing use of blockchain technology in a variety of industries and applications.
Blockchain has the potential to revolutionize the way that information is stored, transmitted, and secured, and it could have a significant impact on a range of sectors, including finance, supply chain management, and healthcare (where we operate).
Another trend that could impact the future of cryptocurrency is the increasing regulation of the industry.
Many governments and regulatory bodies around the world are beginning to take a closer look at cryptocurrency and are considering ways to regulate it. This could potentially lead to more clarity and stability in the market, which could attract more mainstream adoption.
It is clear to us that cryptocurrency will continue to be a topic of interest and debate in the years ahead.
The Einsteinium Foundation, from our families to yours, hopes that you and your loved ones are staying safe and healthy in these difficult times.
Sincerely,
Leadership of The Einsteinium Foundation
About the Einsteinium Foundation. The Einsteinium Foundation is a non-profit organization (NPO), and the world's first NPO to be backed by cryptocurrency. The defining characteristics of The Einsteinium Foundation is its ongoing commitment to research and charitable missions throughout the world, and to the safeguarding, maintenance, and development of Einsteinium, an international digital currency built on a secure, decentralized open ledger, or blockchain.
Press contact: contact@emc2.foundation
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