Sunday, April 4, 2021

Immediate Edge App Review

Immediate Edge App works with an AI-based coordinated framework that can track down the best arrangements for crypto on the lookout. The exchanging robots purchase crypto at a low cost, hold the coins, and sell when the cost increments. The exchanging robots work quick to beat the unstable idea of the digital currency market.

We have tried Bitocin Revolution, and our outcomes are extraordinary. In the first place, we made a record to get to the framework.

Is Immediate Edge App the duplicate of another Bitcoin trick robot?

This product is like others, yet unique somely. The exchanging cycle is quick and precise, as indicated by the tributes left by certain clients who have portrayed their encounters. The two highlights that have been featured, speed and precision, are fundamental highlights that any digital currency financial backer might want to encounter when utilizing a robotized stage as they are as well. Bitcoin Pro e Immediate Profit.

https://preview.redd.it/kgj1dnq9bar61.jpg?width=474&format=pjpg&auto=webp&s=2a3365008b8a1f660aab18354d4d5c12505f7aa9

Exchanging with this stage is basic; financial backers are guaranteed one of their best exchanging encounters with this framework. A short portrayal of the exchanging cycle as introduced by the group is as per the following.

Immediate Edge App robot can be enacted when the client needs to begin exchanging. The robot is customized to dissect the cryptographic money market. Identify the best arrangements available, which include purchasing digital forms of money at a low cost and selling digital currencies at a greater cost. Exchanging meetings keep going as long as the client wishes and these meetings can be ended with a solitary snap.

The proprietors of this site have educated their financial backers that all exchanging meetings are led progressively. And all benefits acquired during the live exchanging meeting are moved into the client's equilibrium immediately. And afterward, they can pick whether to reinvest or pull out the benefits procured.

This has been depicted as the best computerized framework for the overall population. In their assertions, posted on the stage's true site, the proprietors of the product uncovered various advantages that underline the way that all clients have a decent chance to bring in cash from the digital money market.

Immediate Edge App indicated by the proprietors of this product, the framework is solid. A significant number of the financial backers who exchange with this stage each day have affirmed that they are intrigued with its profits during the exchanging meetings, as they could undoubtedly decide the payout computations in the wake of completing the live meetings. All signs show that the exchanging framework is believable and secure. Clients are told of the expense of the assistance eliminated from their benefits before the exchange is finished.

The opportunity has arrived to expose the reports about tricks

There are reports that this framework was subsidized by speculations from renowned superstars and notable financial backers. The proprietors of the programmed digital currency framework have explained the matter.

They have delivered official explanations to illuminate their clients that there is no association concurrence with any financial backer or VIP that is referenced on the web. The situation with this site is that of an autonomous brand and people in general ought to consider genuine just the data that can be perused on the authority site.

Immediate Edge App group additionally accepted the open door to affirm that there is no portable application to utilize this product and that clients can get to the crypto exchanging stage by means of versatile programs and normal web programs on PCs.

High claimed Profitability

Immediate Edge App supposedly causes a day by day benefit of up to $1,000 per capital store of $250. The robot exchanges on the influence of 1 to 1000 which clarifies the high guessed return. Such a degree of influence infers that clients can wager on positions worth up to $250,000 from a store of 200 $250.

An Easy-to-utilize stage

Immediate Edge App is 100% auto which implies that no expertise is expected to utilize it. When you set up a record and set aside an installment, you can unwind as the robot does the hard work for you. Immediate Edge App plays out the best when left to run for in any event eight hours out of every day.

A magnificent client care administration

https://preview.redd.it/kaqgnnxabar61.jpg?width=1280&format=pjpg&auto=webp&s=02ca59db95a6ef6a7ef1c9a34bcb1f5d2d46d7ca

With Immediate Edge App, you can generally arrive at their client support care whenever of the day. Working from Monday through Fridays, their client support specialists are agreeable, proficient and exceptional. Additionally, Immediate Edge App gives numerous channels of correspondence to incorporate telephone email and live visit. Along these lines, you can likewise contact them through Facebook and Twitter.

,Immediate Edge App Review is security cognizant as it seems to treat clients' wellbeing appropriately as clarified before. This BOTS site has high level encryption, which implies that programmers can't acquire section and commandeer web traffic. Immediate Edge App is likewise agreeable with the severe EU general information security guideline gdpr. Also, this guideline guarantees that online stages handle client's information in severe classification.

Toward the finish of this audit, this Immediate Edge App is a genuine stage whose robot has magnificent surveys on the web with most commentators demonstrating that it performs reliably. I completed a demo test on Immediate Edge App and found it to be not difficult to utilize. Also, this current spotter's military-grade information security gauges, and is consistent with the EU general information assurance estimates GDPR.

You can feel free to attempt this spot with a store of $250. Notwithstanding, don't store more until you are alright with the manner in which it works.

More or less, in the event that you've at any point had your questions around Immediate Edge App, given how popular it has circumnavigated the web in the previous few months, it is a genuine exchanging stage that you can bear to make an enormous benefit off an underlying capital of $250, utilizing its robot.

https://preview.redd.it/71fn17gcbar61.jpg?width=480&format=pjpg&auto=webp&s=850f5f385d04f89d6f40af9ab14878c9a108e2a9

Thus, give this a shot, acquaint the stage with your companion and associates who are into exchanging on the web, and afterward let us know in the remark area underneath, or your experience utilizing the stage. Good wishes

The realities are clear; such countless individuals have become moguls from exchanging cryptographic forms of money with robotized exchanging stages. The surge is self-evident; numerous individuals need to exploit what has been depicted as the least demanding approach to bring in cash from the digital currency market. We need more individuals to appreciate this acquiring opportunity, as of now; it is silly for anybody to have monetary challenges on the grounds that there is such a lot of cash to procure online from exchanging digital forms of money.

https://www.immediateedgeapp.net/

https://www.linkedin.com/in/immediateedgeapp/

https://www.instagram.com/immediateedgeapp/

https://twitter.com/immediateedgeap

https://www.pinterest.co.uk/immediateedeapp/


Crypto backed loans to purchase income producing real estate

Hi All, I needed some alternate view points on using crypto backed loans to acquire income producing assets.

For the sake of this scenario let’s say I have 100k work of BTC. The 20% down payment on a home would be 45k and after all expenses it would cashflow 250$ per month.

I am fortunate to have a decent paying job that will allow me to service the debt on the blockfi/ btc loan repayment comfortably + the additional $250 monthly from the income property.

I love bitcoin but I feel it’s biggest downside is it is not an income producing asset, hence the thought of leveraging to buy assets that will pay living expenses at a future date of 10-15 years out.

Besides a black swan event of an 80% draw down what other things should I consider when scenario planning on a situation like this?


Crypto Fighters: An open source project

Have you ever did a flipbook?, you know, doodling stick fighters on your notebook corner in an each-page-sequence in order to animate them? (Boy did I do that so much in my high school days), if you ever did that for sure you wanted to give them life somehow!, maybe you wanted them to do something funny or most likely to make them fight!, in fact there are plenty of videos on youtube about this old school yet cool animation technique. Most people would find it tedious to draw a big number of frames in order to produce a decent animation, but when you really love to do something, no matter how hard it is, it turns out to be a hobby. Though it takes a lot of afford, a bunch of strokes can become a real masterpiece animation with this simple technique.

Having all this in mind I just thought: a part from animate them, what if I could implement new stunts and make them fight independently?, that is something that I actually thought a lot back in high school, how can I make them move by themselves?, how can I make them fight without human intervention?.

This might sound weird but I used to set fights on games like mortal kombat on a AI vs AI mode just to watch them fight, that was the closest thing to what I wanted back then but was not really satisfying, I wanted to create my own character and make him "think" by himself. Fortunatelly nowdays technology allows us to do all that!, there is an interesting open source project called "PyTorch" focused on artificial inteligence that might help us (just a suggestion), so we only need to tell the fighter what he supposed to do and watch him rock n' roll!, make him stronger by gaining experience and eventually make a good profit out of it!. So this is not going to be another fight videogame but more like a stick fight anime that you can sort of decide the outcome!. And as if all of this is not interesting enough, we can implement cryptocurrency to make good profits out of all this.

If you find this idea interesting, if you think this has any potential whatsoever, if you think this is something people would want to take off the ground, feel free to spread the word and keep reading and learning more about this project!.

---

-How it works?:

This is a multiplatform free app users can download to their divises (smartphones, tablets, pc's, etc...) running on every Operating System (Windows, Mac, Linux, Android, etc...), so this app is like a wallet but intead of bitcoin (for instance), users have fighters/assets and since each of them are Non-fungible tokens (NFT's) every fighter/asset is unique and can be stored in only one wallet.

Once installed in a device, users are presented with a form to create a simple Login and password account with their respectives crypto wallets addresses so then they are introduced to an enviroment where they are able to create fighters, events, virtual arenas, create artwork stunts, sound fx and even BG music (Each of these assets being turn into a unique/limited Non-Fungible Token for afterward trading purposes). Once they create a fighter now they can set fights and with each victory they earn a small amount of points that can be invested on the fighter's features right after the fight (AI, live, punch, kick and speed).

.AI: At first I thought this to be a configurable feature in order to be able to set a strategy on the previous of each fight but since the idea of this project is to create independent characters this is going to be an improvable feature. The more you invest on, the best decisions your fighter is going to take during a fight!.

.Life: If the owner decides to invest into his fighter's life, now his opponents have to land more hits in order to defeat him;

.Punch: More points on punch, means more points taken out of the opponent's live during a fight;

.Kick: More points taken out of opponent live when a kick is landed successfully (The fighter can perform differents punch/kick combos depending on the stunts his owner created/buy and implement to him, this will be explain more detailly later);

.Speed: This feature is limited, a brand new fighter is relatively slow in his moves and has desadvantage in relation to faster fighters but once they reach full points in this feature they are pretty much the same, punch and kick points its what really going to make the difference in a fight.

The owner decides which feature of his fighter is going to be increased right after his victory (which means these points have to be implemented right at that moment and cannot be stored anywhere else), this points are created as result of each fight in order to increase the winner's features ONLY, which means these points are not a currency but more like experience points (Rather this points are NFT's or not is discussable).

A fighter can be set to an autopilot mode so he fights whoever challeges him or accept any tournament he is invited to (if a fighter accepts a long term tournament he remains until the very end of it with no option to quit), it will only stops after a victory and wait for his owner set points into his features. His owner still has an option to program which feature points are going to be invested on so the fighter is fully automated (In case the fighter is not set to autopilot mode, if owner takes too long to decide where points are going during a long term tournament, points go to the last benefited feature before his next fight), since every fighter is a NFT, they can participate in only one fight at the time.

-Fight features:

The fight has 2 rounds of 2 mins each, if a fighter knocks out his opponents before time runs out, he wins the round immediately. If they still remain in a round after 2 mins, win goes to the one with more live points. In case each fighter wins a round, they fight again in a 3rd and last round for the final victory. In case they tie in live points (Hard but still a low chance to happen), they go to a 4th round and so on until we have a winner.

-Type of fights & tournaments:

.Street fight: This is the simplest type of fight, any fighter can challage other fighters and if a deal is set anyone can watch it for free. In this type of fight only the winner wins points and no crypto are involved.

.Pay per view: This type of fight has to be set by a host who offers an arena and invite 2 fighters (most of the time by public petition), host can stipulate a price in crypto each viwer has to pay (more or less like a ticket for a sport event) or can choose a donation option (anyone can pay any amount to watch). The host has also to stipulate a percentage for each part from the amount that the event has raised, Ex:

Host:10%, loser:20%, winner:70%

Both owners of invited fighters are going to be fully aware of the Pay per view configuration previously.

.Tournament bracket: This is a playoff tournament (host with arena required) with a stipulated number of competitors by the host in order to only 2 reach the very final (8, 16, 32, 64...), host can offer a price for the winner (a crypto reward, a special belt, etc...). This can be from a simple playoff competition with no price to a very important world tournament with the best fighters on the platform, only a single chance to every competitor, whoever loses once is immediately eliminated.

.League: This is a long term competition where competitors can apply to or being invited by the host. The host must have at least one arena (he may stipulate conditions to participate). In this competition the number of participants is more flexible, and the host can set the fights in any order so competitor sum up points to rise his position on the table:

Ex:

NÂș - Name - fights - win - lose - country ...

1 - Sc0rpion - 10 - 9 - 1 - USA

2 - Baraka - 10 - 8 - 2 - USA

3 - Ryu - 10 - 7 - 3 - USA

4 - Eddy - 10 - 5 - 5 - USA

5 - Jack - 10 - 4 - 6 - USA

...

Once the championship is done the fighter with more wins its declared the new Champ and the host can even set more competitions afterwards (top 4 qualify for a new special league or a higher level bracket tournament, etc...)

---

-Cryptos join the chat:

Once a fighter starts to gain points it eventually starts to stand out, even more when it wins high level competitions and titles. Since every single fighter is a NFT only one user can own it, same rule goes for stunts(owned by fighters), arenas, sound fx, clothing, championship belts, etc, they're all unique items. Users can stipulate a crypto price for each fighter/item based on their points/level value, negotiate all these items (Except belts) and eventually making a good profit.

Attention!: Points earn in fights and cryptos earn by trading items are total different things, they have nothing to do with one another. A fighter becomes "stronger" with points while a cryptocurrency stipulates his value on the market, users can stipulate his crypto value based on his earn points though. Here's a comparison table for better comprehension:

Points - Cryptocurrency

Is generated by the end of each fight - Comes from out of the platform

Is attached to every fighter - Owned by users in their wallets

Does not circulate from users to users - circulates among users

Once a fighter earns it, he keeps it permantently - each fighter fluctuate his value on the market

Makes the fighter stronger - Gives a value to the fighter on the market

Cannot buy new stunts - Can buy new stunts

Can reinforce new stunts - cannot reinforce new stunts

If a fighter lose a fight does not lose any points - a lose may result in devaluation

Punch & kick points decrease opponent's live - Stunts bought by the owner gives a nice style to the fighter but does not decrease opponent's live

Stunts make the fight look more stylish but the points of each kick/punch is what really takes the opponent's life away, two fighters can perform the same stunt but with different points features they cause different points damage.

---

A user that starts to use the platform with some cash in his wallet can purchase an already "experienced" fighter and implements more stunts (another good alternative would be to create nice stunts art and sell them for a good price), buy clothing and items then win a couple of fights increasing its value then selling it on the secondary market making a good profit.

A user willing to invest into this platform can also create arenas, organize a tournament, then offer a price in cryto for the winner or he can create a special belt (Belts have no crypto value since they are win by winning a contest and not by purchase) and charge from users to apply their fighters into the tournament.

This type of investment is more suitable for users that enter into this business later.

As you already might noticed, this multiplatform project can hugely benefit users if they enter right in the beggining, even with empty wallets. Users can create all fighters/assets they want and they are going to have low value at the beggining. The peoneers fighters and items are going to gain value as the platform grows, after some months or years, peoneers fighters are going to have a huge amount of points into their features making them top fighters really hard to defeat. Owning one of these could mean to own a fortune.

Once a user sells a top high value fighter, a really cool stunt or neat cloths, now he can purchase all assets mentioned or apply this investment however he finds the best, and like in any other NFT platform you can stipulate a porcentage value that come backs to you every time your fighter is sell in the sencondary market.

Fighters can be gifted with new stunts, styles, clothing, championship titles and earn more and more value as his owner invests on him then be negotiated on the secondary market all along.

---

Elements on the platform:

Fighters, Stunts, Arenas, Belt, Clothing, Sounds fx, Visual fx, BG music;

-Fighter:

This is the main asset on the platform, every fighter is unique and has its own features. Remember those collectable cards people use to buy back in the 90's?, this follows the same principal with the particular difference they can interact with each other in a fun way, every card has different value and can be trade. Think about every fighter as a collectable card you put on a table and can actually make them fight!, certainly exciting! (for me at least).

This is turning out to be better than cards in this aspect because fighters can define who is the best between them in a certein way. Cards have subjective value which means that it can worth a lot to a certain collector but might worth nothing to someone else. This does not happen with Crypto fighters, they have objective value, if you want to know who worth more just set a fight!.

Fighter features:

(Name and country are registered when fighter is created)

.Name: A fighter's name can include numbers and must be something short

.Country: Country is chosen by dropbox option, as the comunity grows more country options are added

Points: The only way to gain points is by winning fights, fighters earn 3 points for each victory and when they are created they start with the next punctuation list by default:

.AI : 5

.Life : 20

.Punch : 1

.Kick : 1

.Speed :1 (up to 10)

When fighters fight for the first time this is the default punctuation, whenever he land a punch or kick his opponent's life is diminished. After a victory, if the user uses all 3 points to increase the Punch feature then his punch damage is going to be 4 (1+3) in his next fight, 2 punches landed takes out 8(4+4) points from opponent's life(20) (then only 12 points of life remaining).

---

-How AI is going to define an outcome for a fight?

Features of a fighter are basically numbers that AI is going to use to turn them into blocks of action which forms an algorithm, so for this process to take place, there are some layers to be define: To define a winner we need a fight, to define a fight we need a script, to define a script we need an algorith and the algorithm is going to be set by AI based on the fighters features, so the entire process goes like this: Fight difines the outcome, script define the fight, algorithm defines the script and finally, AI uses fighters features to define the algorith;

Fighters Features ==> Algorithm ==> Script ==> Fight ==> Outcome

Lets talk about every Tecnical aspects of layers:

.Algorithm: These are blocks of actions AI loads from fighter features. If a fighter has a lot of AI/punch/kicks points and a lot of stunts bought by his owner, AI is going to load his stunts into this blocks that needs to be set in a certain order to define a script. In case two fighter of high level are set to fight, AI loads their features and stunts in order to define a choreographed fight, so every fight is going to be like a live fight anime.

.Script: This is basically a description of the entire fight, a description of every block form by the algorithm Ex:

Block 1:

A punches B

B punches A

A Kicks B

B kicks A

Block 2:

B performs a suplex to A

B makes a sequence of punches and a kick on A

A performs a double kick and a punch on B

Block3:

A makes a sequence of punches and a kick on B

A performs a suplex to B

B performs a front flip and delivers a kick on A

Blocks may change order depending on AI decisions.

.Fight: The fight is going to have a timeline of 2 minutes each round that follows the order set on the script.

.Outcome: This is the final layer where all fight is exhibit with a winner in the end.

-How AI defines a fighter behavior?

A fighter has 3 states during a fight: Attack, defense and idle.

When fighters of same punctuation are set to fight, they perform a balance fight most likely, in this case the one with more AI points has more chances to win. AI can devide a round length (120 seconds) and set at what seconds the fighter is going to attack/defend or be idle. If fighter A attacks B first, and B is not in defense mode then his attack is succeeded, if A attacks B and B is in defense mode then he manage to defend from that attack. However, if fighter A has a more AI points than fighter B but fighter B has much more Punch points then is going to be hard to defeat him. Fighter A might take the best decisions but is going to be hopeless if his opponent knock him out with only a couple of punches. Let's see a logic programming class example for this:

public class Fighter{

public string name; protected boolean attack = true; protected boolean defense = false; protected boolean idle = false; protected int life = 20; 

public Fighter(String name){

[this.name](https://this.name) = name; 

}

//---

protected boolean getAttack(){

return attack; 

}

protected boolean getDefense(){

return defense; 

}

protected boolean getIdle(){

return idle; 

}

protected int getLife(){

return life; 

}

//---

protected void setAttack(boolean attack){

this.attack = attack; this.defense = false; this.idle = false; 

}

protected void setDefense(boolean defense){

this.attack = false; this.defense = defense; this.idle = false; 

}

protected void setIdle(boolean idle){

this.attack = false; this.defense = false; this.idle = idle; 

}

private void setLive(int live){

[this.live](https://this.live) = live; 

}

}//Fighter class end

---

//Basic AI set during a fight:

Fighter A = new Fighter("A");

Fighter B = new Fighter("B");

if(A.getAttack()==true){

if(B.getIdle()==true){ B.setLive(-1); 

}

if(B.getDefend()==false){ B.setLive(-1); 

}

}

//Same goes the other way around for B:

if(B.getAttack()==true){

if(A.getIdle()==true){ A.setLive(-1); 

}

if(A.getDefend()==false){ A.setLive(-1); 

}

}

// This class is just for example purposes and it might have errors, feel free to improve it!

---

-How AI is going to devide a round length?

Before a fight starts, AI sets a strategy by dividing the length of the round which is 120 seconds as mention above. Every second is set to one of the three states of the fighter (attack, defense, idle).

Ex: 12secs-12secs-12secs-12secs-12secs-12secs-12secs-12secs-12secs-12secs = 10x12secs = 2 mins (1 round).

At - At - Df - At - Df - Df - At - At - At - Id

Every chunk of time for this example has 12 seconds but AI may set this to even less or more secs (discussable).

A fighter may earn up to 10 points for each victory depending on how strong his opponent is (discussable).

-Just like in videogames:

In the case of videogames, sprites are loaded into the RAM by "pieces", every piece loaded is basically a short clip of the sprite (in this case fighters) moves and stunts. Every time a player pushes a buttom on joystick, CPU plays that corresponding "piece" of file in the RAM and the short clip of the sprite performing an action (jump, kick, punch etc..) is exhibit on the screen. We could apply this same principal into our project and use AI instead of players and joysticks, the problem is you can tell this is pre-loaded fight. There are gaps between stunts, in videogames when a fighter kicks his opponent they move in a pre-defined way which means they not always move according to the situation, sometimes a fighter kicks on his opponent's legs and his opponent moves as if the kick had landed on his head or sometimes a fighter performs a longer action (a suplex, a backflip kick etc...) so a short clip of the fighter applying his stunt on his opponent is exhibit but once they return to the first fight scene they are in a total different position. This gaps make the fight look unreal and we want to avoid that, we need AI to "refill" this gaps in order to make it look more like an anime and less like a videogame, a logic sequence on this gaps are required in order to make the fight more realistic and less artificial. So this is the basic dilema:

-Videogame fight: pre-loaded moves, changeable outcome but not realistic

-Anime fight: pre-defined script, realistic but unchangeable outcome

Im not sure if I'm using the right words to explain this but I hope readers understand what I mean...

---

-How stunts are made?

Users can create stunts manually by moving a 3D model but they also have an option to use their smartphones to captures movements, save them and then apply them to an actual fighter. Stunts can also be turn into an asset, once is created the creator can implement them into his own fighters or sell them in the crypto market.

Since every stunt is a NFT, they are limited in number and not all fighters can implement them.

-How stunts are trade?

Users can search for new stunts being sell on the market and they can pre-view them before making the purchase. A white fighter performs the stunt as example and a gray one performs how the opponent is going to behave (if the stunt is an attack). The white fighter is shown alone if the stunt is a celebration, special move style or any other move or stunt that does not involve a second fighter.

After a user purchase and implement a new stunt to his fighter, all clothes/items previously purchased to be wear by the fighter are going to move according to the new stunt (Ex: If the fighter uses a red pair of pants then they're going to move in order to match the stunt).

Assets Users can buy with crypto:

Stunts: Presentation, attack, victory dance/move/mock

Sound FX: This can be the sound of punches, kicks, growningsa yell or a special line fighters may say, all tradeable too.

-Virtual arena:

This is a 2D space where fights take place and a user can create/buy as many as possible, virtual arenas also have several features:

.Background banners- Owners can hire them to show propaganda

.Backgound animation- A public cheering and rooting can be exhibit during a fight

-Champ Belt: Every belt is unique and fighters have to win tournaments or defeat the champ in order to obtein them (not tradeable).

-Stunts:

As strange as it might sound, stunts can also be sold and implemented to fighters. This is the only asset (along with points) that keeps attached to a fighter once he gets it (more or less like when a real life fighter learns a new stunt with the difference that the owner can buy it instead of trainning).

Stunts are created by artist users, virtual arenas are 2D eviroments, fighters are 3D sprites and the artist only has to move a 3D model, record the movements and then other user can implement them into their fighters.

-Clothing: Different color, styles, and this may include hairstyle...

-Visual fx: A special punch may create an electrical, glowing, slow mo effect. This is another tradeable asset that users can apply to their fighters special moves.

---

-Who is this project for?

Programers, 2D/3D artists, musicians, investors, translators, video/sound editors and pretty much anyone interested.

---

I know there are flaws in this project but the point is to explain what I have in mind in order to get help from the open source community, please feel free to share, copy, change, improve and get this documentation done in all necessary aspects so good programmers, translators, artists, etc get interest in and help us too. Any suggest you have for next steps please send me an e-mail to [tonypatriota77@gmail.com](mailto:tonypatriota77@gmail.com)

If this project works as I'm expecting all of us are going to be benefited as peoneers. GREETINGS ;-)

Tony Patriota

March-08-2021


My Review of Binance Smart Chain

HISTORY OF SMART CONTRACT PLATFORMS

Let me just say preface this that I ❤️ Ethereum. I am fascinated by its potential as to decentralized finance and smart contracts (and potentially revolutionary impact on our shitty financial system). It could do so much more than Bitcoin. By way of interesting side note, the original Bitcoin code included the capability for smart contracts but after a major exploit was found in that code that allowed the creation of tons of extra Bitcoin and required a hard fork to undo the damage, the smart contract code in Bitcoin was turned off. That decision to not permit smart contracts paved the way for Ethereum. But just as Ethereum rose in prominence to challenge Bitcoin, so have other smart contract platforms risen to try to challenge Ethereum. None are close to Ethereum in terms of actual useful projects up and running mainly because the vast majority of smart contract devs want to build on Ethereum.

LAUNCH OF BINANCE SMART CHAIN

But Binance, a company headquartered in Malta (although it has undeniable ties to China) that runs a large centralized crypto exchange, has launched its own decentralized* smart contract platform. (*Note: Binance Smart Chain or BSC bills itself as decentralized but given that Binance itself is very centralized and appears to be responsible for a lot of the development on BSC, it is not clear how truly decentralized Binance Smart Chain is.)

A NOTE ON DECENTRALIZATION

The use of the term decentralization in this context refers to the method of control of a smart contract platform. A centralized platform is controlled by a single entity or person (or group of related entities or group of persons) - for example, Binance's exchange is centralized. It is controlled by a small number of entities who are in turn controlled by a small number of individuals and investors. A decentralized platform, in contrast, is controlled by holders of its governance tokens, who are typically the users of the platform. Various proposals are put up for a vote and the tokenholders can vote on them. At a centralized platform like Binance or Coinbase, decisions are not made by users of the platform. Read more about decentralization versus centralization.

As I mentioned the vast majority of smart contract development is occurring on Ethereum, which has been around for over five years. But Binance has managed in a relatively short period of time to create a serviceable smart contract platform called Binance Smart Chain. When I first heard about BSC, I was quite skeptical. I didn't like the concept of a centralized entity like Binance basically masquerading as decentralized and winning over a large share of the market. (Similar concerns to some of my issues with venture capital and DeFi.) Because Binance itself is centralized and has a lot of money to throw around, it can move a lot faster to play catch up. In a pretty short amount of time BSC has lapped many smart contract competitors and has made significant strides in catching up to Ethereum.

I am not directly addressing whether Binance Smart Chain is truly decentralized because I honestly don't know. But use of BSC does benefit Binance itself (for one thing you need to use BNB, Binance's token, to pay fees on Binance Smart Chain) and it brings people into the Binance ecosystem, which again benefits the centralized (and, in my opinion, often predatory) Binance. In some ways, it does not matter whether BSC is decentralized or not if it brings significant benefit to an entity that we know is centralized. That's not even to mention the fact that many people have asserted that Binance is essentially a Chinese company, regardless of the fact that it is incorporated, and its headquarters are located, outside China. If this is true, then Binance, like other Chinese companies, may be expected to do the bidding of the Chinese government. That may be an ethical concern for some people.

INITIAL EXPERIENCE AND OPINION ON BINANCE SMART CHAIN

In spite of my hesitation I was drawn into trying BSC by a few events. The first was the airdropping by Ellipsis Finance (BSC's clone of Curve) of EPS to holders of Curve's veCRV. I set up Binance Smart Chain on my Metamask wallet and seeded my wallet with some BNB (Binance's token, which you need to pay fees on BSC). Then I headed over to Ellipsis and claimed my EPS token based on having veCRV in my corresponding Ethereum wallet. They drop the EPS once a week so you have to repeatedly return to claim it (perhaps to create a habit?). And I can't lie - the process was very simple and, most notably, cheap, compared to Ethereum.

Of course BSC can be cheap specifically because it has centralized elements. It doesn't have miners. Ethereum is taking steps to reduce its fees but with thousands of devs and miners it is not as simple a process as it is for Binance. That being said, aside from picking up my airdropped EPS, withdrawing it with a 50% penalty so that I can stake it to earn a lot more EPS (the tokenomics leave my head spinning), there is not too much else going on on Ellipsis at this point. There is, I think, one pool where you can swap BUSD (Binance's stabelcoin) for a few other stablecoins, and there is a place where you can buy EPS. Compare that to Curve which has around 30 different pools where you can swap a large variety of stablecoins as well as equivalent coins (e.g., renBTC for wBTC or stETH for ankrETH, etc), and Curve recently created crv.finance where DeFi protocols can create their own additional pools for swapping.

When compared to Curve, there is very little you can actually do on Ellipsis besides collect EPS and earn a metric ton more EPS plus a little BUSD if you lock it. The economic value you get at this stage mainly comes from other people deciding to withdraw their EPS at a penalty so that they too can lock it and make money from later withdrawers.

Here is the link if you'd like to read the rest of my Binance Smart Chain review

Curious to hear your comments and experiences with BSC.


My Thoughts on my Experience with Binance Smart Chain as a Lover of Ethereum

HISTORY OF SMART CONTRACT PLATFORMS

Let me just say preface this by saying that I ❤️ Ethereum. I have always been fascinated by its potential as to decentralized finance and smart contracts (and potentially revolutionary impact on our shitty financial system). It could do so much more than Bitcoin. By way of interesting side note, the original Bitcoin code included the capability for smart contracts but after a major exploit was found in that code that allowed the creation of tons of extra Bitcoin and required a hard fork to undo the damage, the smart contract code in Bitcoin was turned off. That decision to not permit smart contracts paved the way for Ethereum. But just as Ethereum rose in prominence to challenge Bitcoin, so have other smart contract platforms risen to try to challenge Ethereum. None are close to Ethereum in terms of actual useful projects up and running mainly because the vast majority of smart contract devs want to build on Ethereum.

LAUNCH OF BINANCE SMART CHAIN

But Binance, a company headquartered ostensibly in Malta (although its founders are Chinese and it has undeniable ties to China) that runs a large very centralized cryptocurrency exchange, has launched its own decentralized* smart contract platform. (*Note: Binance Smart Chain or BSC bills itself as decentralized but given that Binance itself is very centralized and appears to be responsible for a lot of the development on BSC, it is not clear how truly decentralized Binance Smart Chain is.)

A NOTE ON DECENTRALIZATION

The use of the term decentralization in this context refers to the method of control of a smart contract platform. A centralized platform is controlled by a single entity or person (or group of related entities or group of persons) - for example, Binance's exchange is centralized. It is controlled by a small number of entities who are in turn controlled by a small number of individuals and investors. A decentralized platform, in contrast, is controlled by holders of its governance tokens, who are typically the users of the platform. Various proposals are put up for a vote and the tokenholders can vote on them. At a centralized platform like Binance or Coinbase, decisions are not made by users of the platform. Read more about decentralization versus centralization.

As I mentioned the vast majority of smart contract development is occurring on Ethereum, which has been around for over five years. But Binance has managed in a relatively short period of time to create a serviceable smart contract platform called Binance Smart Chain. When I first heard about BSC, I was quite skeptical. I didn't like the concept of a centralized entity like Binance basically masquerading as decentralized and winning over a large share of the market. (Similar concerns to some of my issues with venture capital and DeFi.) Because Binance itself is centralized and has a lot of money to throw around, it can move a lot faster to play catch up. In a pretty short amount of time BSC has lapped many smart contract competitors and has made significant strides in catching up to Ethereum.

I am not directly addressing whether Binance Smart Chain is truly decentralized because I honestly don't know. But use of BSC does benefit Binance itself (for one thing you need to use BNB, Binance's token, to pay fees on Binance Smart Chain) and it brings people into the Binance ecosystem, which again benefits the centralized (and, in my opinion, often predatory) Binance. In some ways, it does not matter whether BSC is decentralized or not if it brings significant benefit to an entity that we know is centralized. That's not even to mention the fact that many people have asserted that Binance is essentially a Chinese company, regardless of the fact that it is incorporated, and its headquarters are located, outside China. If this is true, then Binance, like other Chinese companies, may be expected to do the bidding of the Chinese government. That may be an ethical concern for some people.

INITIAL EXPERIENCE AND OPINION ON BINANCE SMART CHAIN

In spite of my hesitation I was drawn into trying BSC by a few events. The first was the airdropping by Ellipsis Finance (BSC's clone of Curve) of EPS to holders of Curve's veCRV. I set up Binance Smart Chain on my Metamask wallet and seeded my wallet with some BNB (Binance's token, which you need to pay fees on BSC). Then I headed over to Ellipsis and claimed my EPS token based on having veCRV in my corresponding Ethereum wallet. They drop the EPS once a week so you have to repeatedly return to claim it (perhaps to create a habit?). And I can't lie - the process was very simple and, most notably, cheap, compared to Ethereum.

Of course BSC can be cheap specifically because it has centralized elements. It doesn't have miners. Ethereum is taking steps to reduce its fees but with thousands of devs and miners it is not as simple a process as it is for Binance. That being said, aside from picking up my airdropped EPS, withdrawing it with a 50% penalty so that I can stake it to earn a lot more EPS (the tokenomics leave my head spinning), there is not too much else going on on Ellipsis at this point. There is, I think, one pool where you can swap BUSD (Binance's stabelcoin) for a few other stablecoins, and there is a place where you can buy EPS. Compare that to Curve which has around 30 different pools where you can swap a large variety of stablecoins as well as equivalent coins (e.g., renBTC for wBTC or stETH for ankrETH, etc), and Curve recently created crv.finance where DeFi protocols can create their own additional pools for swapping.

When compared to Curve, there is very little you can actually do on Ellipsis besides collect EPS and earn a metric ton more EPS plus a little BUSD if you lock it. The economic value you get at this stage mainly comes from other people deciding to withdraw their EPS at a penalty so that they too can lock it and make money from later withdrawers.

Here is the link if you'd like to read the rest of my Binance Smart Chain review

Curious to hear your comments and experiences with BSC.


Day Trading Bitcoin Guide

Day Trading Bitcoin – Basics

  1. You need to understand better how blockchain itself works and what makes it different from the traditional model of transactions.
  2. Pay attention to all the aspects – positive as well as negative. Research impartial resources that will objectively highlight different peculiarities of this market.
  3. Accept the inherent risks. In this risky market, things can go wrong at any time.
  4. Determine how much you can invest. Considering the volatility of Bitcoin, you can expect a lot of ups and downs.
  5. Find good software. If the software interacts directly with financial exchanges, it is a useful tool in such rapidly changing settings of daily trading.
  6. Catch up to speed with the recent industry updates.
  7. Get into politics. Political events may impact.

https://preview.redd.it/mkyky63167r61.jpg?width=500&format=pjpg&auto=webp&s=729ffbd16a934bbec2a50ef81201a7637c871e34


A Degen's Playground: My Review of Binance Smart Chain

HISTORY OF SMART CONTRACT PLATFORMS

Let me just say preface this by saying that I ❤️ Ethereum. I have always been fascinated by its potential as to decentralized finance and smart contracts (and potentially revolutionary impact on our shitty financial system). It could do so much more than Bitcoin. By way of interesting side note, the original Bitcoin code included the capability for smart contracts but after a major exploit was found in that code that allowed the creation of tons of extra Bitcoin and required a hard fork to undo the damage, the smart contract code in Bitcoin was turned off. That decision to not permit smart contracts paved the way for Ethereum. But just as Ethereum rose in prominence to challenge Bitcoin, so have other smart contract platforms risen to try to challenge Ethereum. None are close to Ethereum in terms of actual useful projects up and running mainly because the vast majority of smart contract devs want to build on Ethereum.

LAUNCH OF BINANCE SMART CHAIN

But Binance, a company headquartered ostensibly in Malta (although its founders are Chinese and it has undeniable ties to China) that runs a large very centralized cryptocurrency exchange, has launched its own decentralized* smart contract platform. (*Note: Binance Smart Chain or BSC bills itself as decentralized but given that Binance itself is very centralized and appears to be responsible for a lot of the development on BSC, it is not clear how truly decentralized Binance Smart Chain is.)

A NOTE ON DECENTRALIZATION

The use of the term decentralization in this context refers to the method of control of a smart contract platform. A centralized platform is controlled by a single entity or person (or group of related entities or group of persons) - for example, Binance's exchange is centralized. It is controlled by a small number of entities who are in turn controlled by a small number of individuals and investors. A decentralized platform, in contrast, is controlled by holders of its governance tokens, who are typically the users of the platform. Various proposals are put up for a vote and the tokenholders can vote on them. At a centralized platform like Binance or Coinbase, decisions are not made by users of the platform. Read more about decentralization versus centralization.

As I mentioned the vast majority of smart contract development is occurring on Ethereum, which has been around for over five years. But Binance has managed in a relatively short period of time to create a serviceable smart contract platform called Binance Smart Chain. When I first heard about BSC, I was quite skeptical. I didn't like the concept of a centralized entity like Binance basically masquerading as decentralized and winning over a large share of the market. (Similar concerns to some of my issues with venture capital and DeFi.) Because Binance itself is centralized and has a lot of money to throw around, it can move a lot faster to play catch up. In a pretty short amount of time BSC has lapped many smart contract competitors and has made significant strides in catching up to Ethereum.

I am not directly addressing whether Binance Smart Chain is truly decentralized because I honestly don't know. But use of BSC does benefit Binance itself (for one thing you need to use BNB, Binance's token, to pay fees on Binance Smart Chain) and it brings people into the Binance ecosystem, which again benefits the centralized (and, in my opinion, often predatory) Binance. In some ways, it does not matter whether BSC is decentralized or not if it brings significant benefit to an entity that we know is centralized. That's not even to mention the fact that many people have asserted that Binance is essentially a Chinese company, regardless of the fact that it is incorporated, and its headquarters are located, outside China. If this is true, then Binance, like other Chinese companies, may be expected to do the bidding of the Chinese government. That may be an ethical concern for some people.

INITIAL EXPERIENCE AND OPINION ON BINANCE SMART CHAIN

In spite of my hesitation I was drawn into trying BSC by a few events. The first was the airdropping by Ellipsis Finance (BSC's clone of Curve) of EPS to holders of Curve's veCRV. I set up Binance Smart Chain on my Metamask wallet and seeded my wallet with some BNB (Binance's token, which you need to pay fees on BSC). Then I headed over to Ellipsis and claimed my EPS token based on having veCRV in my corresponding Ethereum wallet. They drop the EPS once a week so you have to repeatedly return to claim it (perhaps to create a habit?). And I can't lie - the process was very simple and, most notably, cheap, compared to Ethereum.

Of course BSC can be cheap specifically because it has centralized elements. It doesn't have miners. Ethereum is taking steps to reduce its fees but with thousands of devs and miners it is not as simple a process as it is for Binance. That being said, aside from picking up my airdropped EPS, withdrawing it with a 50% penalty so that I can stake it to earn a lot more EPS (the tokenomics leave my head spinning), there is not too much else going on on Ellipsis at this point. There is, I think, one pool where you can swap BUSD (Binance's stabelcoin) for a few other stablecoins, and there is a place where you can buy EPS. Compare that to Curve which has around 30 different pools where you can swap a large variety of stablecoins as well as equivalent coins (e.g., renBTC for wBTC or stETH for ankrETH, etc), and Curve recently created crv.finance where DeFi protocols can create their own additional pools for swapping.

When compared to Curve, there is very little you can actually do on Ellipsis besides collect EPS and earn a metric ton more EPS plus a little BUSD if you lock it. The economic value you get at this stage mainly comes from other people deciding to withdraw their EPS at a penalty so that they too can lock it and make money from later withdrawers.

Here is the link if you'd like to read the rest of my Binance Smart Chain review

Curious to hear your comments and experiences with BSC.


NFT tickets will revolutionize the ticketing industry - a bullish case for GET protocol

GET protocol is blockchain ticketing company that has already sold 600k tickets and ticketing companies in the Netherlands, Germany, Italy and Sout korea use it

Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.

So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.

Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:

As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.

Benifits of NFT tickets on GET Protocol

  • Merging of the primary and secondary market avoiding scalping
  • Defi event financing
  • Attaching extra premium features to tickets for increased fan engagement, an NFT for attending an event, free poster, single or album with the ticket

This will be the first and only nft ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.
Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.

Event financing
Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.
Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!

The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.
In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.

Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).

This is how it will work:

https://preview.redd.it/d9uxit01xje61.png?width=700&format=png&auto=webp&s=093877afe2f5b1931c7d2bc4511c946285b2f27d

If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:
1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)
2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.
3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from

The advantage event financing for GET token holders will bring is again twofold:

  1. As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
  2. As the GET token will be an integral part of this process, it will:
    - increase the buy pressure of the GET token (everyone who wants to participate will need GET)
    - decrease the supply (everyone who participates will have to locks his GET tokens).

For a deeper insight I recommend the blog below:

https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5


I’m a Canadian and I took out a loan against my Bitcoin for the first time this week. AMA

Just want to help shed some light to my fellow Canadians that you don’t need to sell your Bitcoin and trigger taxable events. You can simply take out a loan against it and pay that back instead. It’s easy and I’d like to help you guys understand how. Ask me any questions you’d like about the process, I’ll disclose anything but the amount the loan was for


A discussion on macroeconomic factors affecting cryptocurrencies

I think we can all agree cryptocurrency is a pretty awesome concept, but most of the posts about price I see discuss charting, new crypto developments, the amazing use cases and so on. But I think there are some broader global trends we need to look at, the macroeconomic factors that drive the economies around us. I want to spark a discussion about what a recession will do to cryptocurrency.

Skip to the second part if you do not need to hear the preamble.

Part 1

First off, let me explain my position so nobody gets it into their head I am a crypto hater.

So I live between three countries at the moment and exchanging money is a huge hassle every time for a few key reasons.

  1. It takes time. Technologies like TransferWise (Wise) have sped up the process significantly, most of the time I can have money from Europe to Oceania in a matter of hours, instead of days, or even weeks with traditional transfers. Plus it can be done for a few bucks, it’s cheap. However, pretty damn annoying, when I add money to TransferWise, my bank(s) add a two-week money hold. So, if I send 1000 bucks today, they hold an additional 1000 bucks for two weeks. Understandably this is inconvenient as hell.

  2. Costs, again exchanging money or sending abroad through banks is almost always a rip-off, they might offer cards which let you do it for “free” but their exchange rate is usually 3% off the real rate, so they are charging you there.

  3. Sending money to other people is painful if they are outside your country, or often even inside your country. The other week I loaned a friend some money for an apartment deposit, and we thought about sending it in crypto but usually EU banks are reasonably fast. Thought what the hell, fiat is fine. 8 business days later and the money has not cleared.

So, using a crypto like Stella, for example (I know there are others), makes it so fast and easy for people like me to shift money around as needed, send to other people etc. The delays come when exchanging to fiat as they have to go through the bank.

The use case for cryptocurrency is there, decentralized, you can pay in some places, there are bitcoin ATMs around, whatever. Great. There are also a million other great uses for blockchain tech.

Whether that is a reason it should increase in value, or not, that is not an argument I am getting in to. My point was just that I am pro cryptocurrency but later this year I will be looking at the global economy and perhaps planning an exit entirely for the time being.

---------------------------------------------------------------------------------------------------------

Part 2

Now what I wanted to discuss was that we are not all here buying crypto because we believe it is useful, there are plenty of people holding for regular use no doubt. But most of us are buying crypto because we are investors, and we want to make some money from this awesome technology right.

Previously in 2017 we saw a huge bull-run that came crashing spectacularly down, and it happened on its own. There was not some huge economic meltdown or global recession that spurred it. Crypto was in its own bubble. It still is somewhat today, but I think today, the difference is that we now have huge institutional interest in crypto currencies. Something like 40% of crypto is held by 1000 crypto wallets. With about 2300-2400 accounts which are whales. I read this a couple months ago so it could be more now, or less. But I would bet more given we had a dip in-between and another bull run. I would also bet that this 40% figure is probably not even representative of all the big crypto investors. I am sure with institutional money, they are dividing it up into many wallets to avoid the risk of the whole investment being stolen, or the codes lost, risk management right.

Anyway, the point here is that institutions are following the global economic trends because they are affected by it big time. When there is a market snap, they are almost always the first to get out with their money, then the banks probably short everything, and make money on the way down. If the general market is going down, you can bet that they will be pulling their liquidity out from cryptocurrencies as fast as they can to cover anything they need to In the case of a market collapse.

This, in my opinion, means that crypto is not in the same little safe (or dangerous) bubble which it was in before. It is getting tied closer to global economies and will be at risk in a crash. BTC and stocks are linked more closely than ever - Bloomberg.

The alternative scenario is that crypto is seen as a store of value and investors will flock to it like gold in uncertainty, but I am not sold on this theory yet despite some big names like Mark Cuban saying as much. It is possible though.

So moving forward to macroeconomic events that may be in the wind for us. Bull run probably is not over for now, and there is a ways to go, and a logarithmic growth curve of Bitcoin shows we are not at the same level of the run as we were in 2017. Logarithmic Growth Chart (LookIntoBitcoin)

https://preview.redd.it/sw6ti10zb5r61.png?width=1615&format=png&auto=webp&s=9eb4d230215d3e9c670b5d77b53ff19dfe9826cb

So forgetting the charts, for now, let us look at some of the most important macro events we have going on now affecting crypto.

  1. A global pandemic, fear, anxiety, joblessness, etc., recession.

  2. Mass stimulus by governments rights across the globe promoting spending - Biden trillion dollar stimulus (2021)

  3. A huge chunk of the world, sitting at home, on their computers, with not a lot to spend their money on - UK Spending drop as new lockdowns hit (2021)

  4. Simpler than ever processes to set up wallets on exchanges etc. and adoption by big companies, which is driving media and interest into crypto. - Paypal introduces crypto

  5. Typical investments like stocks getting absolutely wrecked by the pandemic, driving people to seek other returns. - Investors seek sake haven from Covid-19 (2020)

  6. Bond yields being low for a long time. - Treasury yield lowest in 234 years (2020)

These large events, in my opinion, are part of the reason crypto is thriving at the moment, outside of the usual reasons people go into crypto. I mean what are you going to spend your money on when you cannot go out, cannot party, cannot travel. This is not the case everywhere, but it is/was in most of Europe, Asia and plenty of places in the US.

Now, before corona hit many speculated, we were due for a global recession, the bond yield had inverted Link (March 2019) (so short-term bonds had more yield than long term, which makes little sense as generally the longer period of time = more risk) - Link. This inversion is seen as a major indicator for an impending recession - Reuters on why inverted yields mean recession. My old finance professor comes to mind. What happened? Corona hit, and we had a recession. With massive stimulus globally to try and keep the world turning. Now with vaccine penetrations growing, hopefully by the end of the year developed countries will have people getting out and about again.

This poses a few possible outcomes and problems in my mind, with some that will directly, and indirectly affect cryptocurrencies. They are not mutually exclusive, nor are they collectively exhaustive, and the complexity of these interactions are

  1. Stimulus will end, those unemployed are now screwed in many countries. They simply will not have money to spend on crypto, or on other things to make the economy go around, so the institutions can post profits and afford to invest in crypto.

  2. Just because everyone is vaccinated, this does not mean the recovery is going to magically rebound. It will take a long time for people to find jobs again. Job hiring in itself is time consuming and not instant. Further, many jobs people had previously won’t even exist, or not for a time. Think about brick-and-mortar stores, many have switched to online purchasing and there is a good chance they will stick with it. All those retail workers, people in restaurants, etc., they might not find work in their career anymore, at least not immediately. Sure, now we will need more delivery drivers, people building websites, and people in other areas, but reskilling takes time, some people in those jobs previously do not own cars, have no tech experience, or are older and it is hard for them to get reskilled and hard to get hired again. Another issue is that many of the brick-and-mortar businesses simply do not exist anymore. Buying premises, getting business running again will take a really long time, especially after so many were so low on cash in the last 12 months, where does the investment come from?

  3. When people are vaccinated, they will be dealing with the above problems, but they will also be spending money out in the real world. I can imagine this summer if things are opened up (Northern hemisphere) will be a crazy time of partying, joy, and activity. Money may not be going into crypto, it may be going into the real world.

  4. If there is money going into the real world, we might see a boom in the traditional investment areas which were so unprofitable during the Covid-19 pandemic. This means that crypto is less attractive as an asset for institutions and individuals as there is money to be made elsewhere more safely and with less speculative volatility, real profits from well-known and established companies recovering big time post-pandemic.

  5. Austerity measures globally to cut debts. There are plenty of conservative governments who will wish to implement austerity measures to bring down huge national debts following covid-19. Honestly, I am not sure what cause-effect relationships come from this. But if somebody wants to discuss it, go ahead.

So, to wrap this up. I pose you with the ideas posted and would like to see some discussion on what you think are the consequences of macroeconomic factors globally on crypto this year. Do you trust the charts to follow the pattern of the previous bull run?
What do you think could be a driver of growth or decline in crypto this year? When do you feel the biggest change will come?

Happy Easter


Who was crypto meant for?

I might be a minority on here but I'm rooting for Crypto to out-perform all fiat currencies and just outright put money back into the people's hands. However, big businesses have spent years telling everyone not to buy cryptocurrency because it's used by the 'baddies'.

This was while big businesses sat down and just scooped immense amounts of cryptocurrencies into their portfolios and kept suppressing the information from the public. We've now rounded the corner and suddenly everyone is okay with Cryptocurrency.

The last thing that it seems we are waiting for is some major catastrophic event to force everyone else into using cryptocurrency and completely abandoning their fiat. If you are paying attention you may have noticed your groceries, bills, etc. are slowly going up. Especially over the last 2-3 years. The pandemic has pretty much solidified this experience (at least in the US).

Which leads me to believe that a major catastrophic event for larger Countries in the world may be companies suddenly abandoning fiat currencies and making the value of government based fiat completely worthless. That or we keep printing money into infinity to reach that $1,000,000 Bitcoin we've had shoved in our ears over and over again.

So what's next for this space? What are some of your theories, fun facts, and things you are seeing from your perspective?


Cheapest way to withdraw Bitcoin to a hardware wallet from binance

Hello,

So I started buying bitcoin with binance recently but then switched to another exchange, I need to get my bitcoin off binance and onto a hardware wallet and close my account, their BTC withdrawal feels are quite high, I understand I can convert BTC to another coin (I'm aware this is a taxable event) , withdraw then convert back, can someone tell me what coin would be the best and easiest to convert into please and then convert back to BTC? Thanks!


Cardano Rumor Rundown 04.04.21

Hey Everyone!

I've been over consuming all the Cardano news and media on a daily basis for years now. I figured it wouldn’t hurt to share a list of what I'm seeing for anyone else who's interested. Feel free to make additions as you see fit. Many of your additions from yesterday are in the “Newly Covered” list for today. Also let me know if you think any of the “Previously Covered but Still Interesting” items have been resolved and should be retired.

Check out the youtube companion to today’s post: https://youtu.be/J7JyM1P209A

Let's go....

Newly covered today:

  1. Charles tweets a pic of a Turaco and John Hancock. It seems safe to assume this means the minister has signed or is signing the Ethiopia deal! This could finally retire rumor #1 that started the Rumor Rundown. https://twitter.com/ArmySpies/status/1378416705282613253
  2. Cardano NFTs get some coverage on CoinTelegraph. But, they don't exactly do us any favors. https://cointelegraph.com/news/wild-west-as-developers-macgyver-highly-popular-nfts-on-cardano/amp
  3. Emurgo Academy for blockchain education? Has anyone heard of this? Is it legit? https://twitter.com/emurgo_io/status/1378346801598754816

Previously Covered but still interesting:

  1. Charles posts a pic of a taxidermy African bird called a Turacos. He follows up that post by saying "Guys sometimes a stuffed Ethiopian exotic bird next to an old identity book is just a stuffed Ethiopian exotic bird next to an old identity book. Stop reading into things". Everyone enjoys speculating what exactly this could mean with the obvious implication being that the African bird announcement involves digital identity in Ethiopia. https://twitter.com/IOHK_Charles/status/1369397063583227911 https://twitter.com/IOHK_Charles/status/1369402020067766275
  2. Charles is scheduled to appear on Lex Fridman’s Podcast in June. Lex seems like a nice guy broh. He’ll probably end up best brohs with Charles, Stephen Wolfram, & Soulja Boy. Ben Goertzel is also in broh. Lex needs a girlfriend but no paying ADA to romance the androids. Just take lion’s mane, maybe some ‘83 Gordon & McPhail, and solve global issues together broh.
  3. Will a Joe Rogan appearance follow this? It was always ”Goguen before Rogan.” They both love meat and you can barely tell they’re both filthy rich. Match made in heaven?
  4. 100% Decentralization of block validation incoming this month!!!!
  5. Liquidity bird to land sometime soon? What is it? RETIRED!
  6. What about the whispers of a telecom deal? Part of the Ethiopia project?
  7. What about paying for utilities and transportation? Part of the Ethiopia deal?
  8. Academic credentialing project in the nation state of Georgia. Lots of mentions of this over the years.
  9. Mongolia project. Also lots of mentions of this over the years.
  10. Uganda, Rwanda, Kenya, Ghana, & South Africa. It seems like there have been a decent number of indicators over the years that these governments are also already in play or targeted for the pan-Africa strategy of 100 MM users in 5-10 years.
  11. In the recent Cardano 360 show there was talk of Emurgo possibly being in the process of building something that sounded kind of like a Metamask for Cardano. Sebastian building stuff works good broh. If not, what will fill the Metamask role in the Cardano ecosystem as a sort of universal(ish) bridge for users of smart contracts? Daedalus? Or something new that would be standalone?
  12. Justin Roiland knows about Cardano. What if they ever mention it on the show broh? https://twitter.com/JustinRoiland/status/1363000121248473088
  13. There is also the looming possibility of a Bitstamp listing. https://www.bitstamp.net/article/bitstamp-continues-exploring-support-additional-di/
  14. Yoroi reaches 100k installs! https://twitter.com/YoroiWallet/status/1369952496307736578
  15. Cardano tattoos are starting to get elaborate. https://twitter.com/BloomPool_io/status/1370148734177325056
  16. There will be a “Mastering Cardano” book. No author signed on yet. Hopefully he or she will have a hairline that is even more dracula than Andreas Antonopoulos. I kid. Love Andreas.
  17. Cardano reached 550k wallets in half the time it took BTC https://twitter.com/nierop_pieter/status/1369933366368362496
  18. Cardano now has it’s own thirst trap twitter accounts. I won’t list them. But, you probably already know which ones those are if you follow #cardano. It’s probably bullish that we are now big enough for them to target us.
  19. We can now claim that Catalyst is the world’s biggest DAO! Luckily, I think it is safe to suspect that ours is less susceptible to recursive call attacks than ETH’s first big DAO. https://twitter.com/InputOutputHK/status/1369961368946946053
  20. IOHK releases a good article contrasting the various blockchain accounting methods: EUTXO (Cardano) vs. UTXO (Bitcoin) vs. Account Balance (Ethereum). This is one of those nice articles where the British guy pleasantly reads it to you if you want. Use this one to convince all your friends you are the ultimate blockchain expert: “listen Kyle...the shortcoming of UTXO accounting is....” https://iohk.io/en/blog/posts/2021/03/11/cardanos-extended-utxo-accounting-model/
  21. Cardano devs at IOHK are the most productive in the industry! Already 3,170 commits and climbing this week! I sleep better at night knowing they are not allowed to sleep. Kidding….kidding. https://twitter.com/InputOutputHK/status/1369589307720269825
  22. Actual spycam footage of Brian Armstrong watching Coinbase customers discover ADA. https://twitter.com/ArmySpies/status/1370516335298420736 RETIRED!
  23. Novogratz follows up that he’s bearish for now but will jump on a call with Charles next week. https://twitter.com/novogratz/status/1370482108553105408
  24. Charles gives us that real talk about why a young billionaire would devote his life to this Cardano thing. https://www.youtube.com/watch?v=T7Da6sFAxuI
  25. Cardano uses a tiny fraction of the energy some other top-ten blockchains use. This factoid alone should allow you to hook up with eco-obsessed nature people. https://twitter.com/RichardMcCrackn/status/1370571904969551875
  26. Now you can drive your drinking buddies crazy with your ADA obsession without even saying a word! https://twitter.com/KenzieByrne6/status/1370566690073935872
  27. Will Babel Fees in Cardano lead to delegators receiving an almost index fund like assortment of native tokens? Will SPOs be willing to accept a wide assortment as payment for transaction fees? Will the economics of the delegation/staking landscape require SPOs to share those Babel Fee tokens with their delegators?
  28. Will NFTs be a glaring exclusion from Babel Fees? Will I have to pay for the transaction fees on my NFT in ADA because I don’t want to give an SPO a small piece of the ownership interest in the digital art or other asset represented by the NFT?
  29. There’s a new Crypto Time Traveler and this one loves Cardano. https://twitter.com/CryptoTimeTrav2
  30. Business Insider covers Cardano among four other coins. https://markets.businessinsider.com/currencies/news/5-altcoins-under-the-radar-avalanche-cardano-polkadot-cosmos-graph-2021-3-1030187382
  31. The “Cardano Pizza” event becomes an NFT. https://twitter.com/RichardMcCrackn/status/1370924728534376449
  32. Cardano definition added to search function in Bloomberg Terminal https://twitter.com/CryptoJeromeFR/status/1371195771798884352
  33. Commenter Report: Africa Special has finished recording
  34. Cryptoviser apparently is not romantically in love with us. https://twitter.com/IOHK_Charles/status/1371097989968666626
  35. There is a Part 2 to the IOHK EUTXO discussion we reported under item 39. Good read for verbally upstaging your ETH & BTC supporting co-workers. Be the king of the post-zoom call crypto banter! https://iohk.io/en/blog/posts/2021/03/12/cardanos-extended-utxo-accounting-model-part-2/
  36. Commenter Report: the “metamask of Cardano” speculated about previously in item 30 is the “Yoroi dApp connector”. It’ll be rolled out “with Ergo first and Cardano once Plutus is released.” https://github.com/Emurgo/yoroi-ergo-connector
  37. It looks like this Yoroi dApp Connector info has even been detailed by Sebastien and Rob on yt. Not sure if we can link directly to this video. But, here is the link to the link. Looks like the dApp Connector talk starts at 1:23:10. https://twitter.com/NicoArqueros/status/1353203943195734017
  38. The visionaries among us are already thinking about advanced NFT derivative instruments (some even created by AI) in our ecosystem. https://twitter.com/NicoArqueros/status/1370150347113648132
  39. Today is staking rewards day for Epoch 253! Let’s get those duckets!
  40. Cardano is getting a disproportionate cut of the attention market compared to its CMC neighbors. https://twitter.com/CardanoRise/status/1371431289895665665
  41. “Ask the Doctor” is switching from ERC-20 to Cardano. Note that Ask the Doctor is linked to FD7 Ventures in Item 7 below. https://www.businesswire.com/news/home/20210315005744/en/Global-Healthcare-Platform-Ask-The-Doctor-to-Use-Cardano-for-World
  42. We get another People of Input Output Global video. This one features Dan Friedman. He currently lives in Japan. But, the interview starts off with some very interesting stories about his youth in 1980s Kiev, Ukraine. His speaking and story-telling style is similar to the captain in a 1990s buddy cop movie (in a good way). Very interesting and compelling guy. https://twitter.com/IOHK_Charles/status/1371574441637937153
  43. St. Patrick brings us the green today! The Liquidity Bird has landed!!!!!! We begin going live on Coinbase Pro tomorrow!!!! https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778 https://www.youtube.com/watch?v=Z2gcNkeJ4Rk
  44. Native Token Minting Workshop released on the Slack Dev Community Channel. https://files.slack.com/files-pri/T01G2PY2E1M-F01RF61QVQS/download/minting_native_tokens.mp4
  45. This Minting Workshop above is a follow up after a previous Native Token Workshop from 03.04.2021. https://iohkdevcommunity.slack.com/files/U01H7BUQAKS/F01Q3GT4GP7/native_tokens_workshop.mp4
  46. The Coinbase News is allowing us to retire rumors 11, 17, and 41 above.
  47. Today is Coinbase day! Finally! Rejoice. Trading on Coinbase Pro is supposed to open at or after 9am Pacific! https://pro.coinbase.com/ https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778
  48. Charles finally gets the blue check on twitter. https://twitter.com/IOHK_Charles/status/1372182831430955008
  49. Perceptions are shifting on which platform will be #1 for smart contracts over the next decade. Here’s the biggest crypto youtuber asking his co-host if he’s losing faith in the traditional #1. If you’re in Cardano, you can guess which coin his answer is shifting away from. https://youtu.be/4jRCmdWva40?t=3270
  50. Even septuagenarians are getting in on Cardano. https://twitter.com/Emini_Scalper/status/1371061383975030787
  51. Coinbase Pro did actually happen yesterday morning. Congratulations everyone. It’s been a long road and it was beautiful watching those initial candles build on the chart after all these years. https://pro.coinbase.com/
  52. The Crypto Time Traveler mentioned last week (Item 49) has apparently left us and now gone back to the future. It definitely adds a touch of realism when they actually leave. https://twitter.com/CryptoTimeTrav2/status/1371492636884865029
  53. Charles delivered his pre-recorded keynote address at the Blockchain Africa Conference. His remarks support the rumor that the initial Ethiopia project will be around identity. He specifically mentioned Atala Prism. There was talk of the digital identity being able to be linked to wallets, payment systems, and property. He also reasserted that the deals on the table in Africa would bring “millions of users” into the Cardano ecosystem. https://www.youtube.com/watch?v=CGEs99I6qV8
  54. If you haven’t seen it in the past, the Atala Prism website has a demo that works with the mobile app showing how the identity solution (along with academic credentialing, health insurance, and proof of employment) would run on Cardano. https://www.atalaprism.io/
  55. Tim Harrison of IOG sums up this week perfectly: “Glass of nice red tonight, I think. Quite a week.” https://twitter.com/timbharrison/status/1372985361794760705
  56. Never imagined there would be a holiday light display that flashed “Screw Doge Coin; ADA is Best” to the original Doge music. Friendly rivalry is probably good in crypto. https://www.youtube.com/watch?v=eM135pv72mY&t=31s
  57. Charles doubles down on the declaration that Cardano’s defining moment will be when it can provide the rails for micro finance from the developed world to the developing world not as a form of charity but as a profitable financial activity for both lender and loan recipient. He thinks it will be the biggest transfer of wealth in the history of the world. He says the base infrastructure for this is being rolled out over the next 24-36 months. https://www.youtube.com/watch?v=oMRGUCLQPYo
  58. The ADA adoption numbers are looking really good lately! https://twitter.com/nierop_pieter/status/1372686310901747712
  59. Max Keiser is also not romantically in love with us. Charles lays down the stick pretty hard on this one. I’m saying good. If you can’t take the heat...stay out of the Cardano kitchen, my man. https://twitter.com/IOHK_Charles/status/1373027224509542403
  60. Cardano releases an infographic that sums up all the partnerships, deployments, startups, and functionality in the entire ecosystem. We got a lot going on! https://twitter.com/IOHK_Charles/status/1373313974616215557
  61. Here’s a really good article discussing decentralization in the context of Cardano core code maintenance. Really good job on this by cardanians.io. https://cardanojournal.com/who-will-maintain-cardano-129
  62. The Cardano tattoo phenomenon continues to proliferate. https://twitter.com/IOHK_Charles/status/1373354182124531713
  63. BlockFi to add ADA “as soon as we can.” https://twitter.com/SugarZeusCrypto/status/1372958662805708800
  64. ADA Heart Pool made an awesome infographic guide to staking: https://twitter.com/InputOutputHK/status/1373310895544229892
  65. Awesome comparative chart showing how much more decentralized Cardano is already compared to BTC. https://twitter.com/PoolGrow/status/1373492994645450752
  66. Transactions are way up over the last several epochs! https://www.adatainment.com/index.php?lang=en&page=charts_onchain_metrics
  67. Cardano 360 going down on Thursday March 25th. This is the big monthly streaming event where they tell us what’s going on. Save your spot here: https://www.crowdcast.io/e/cardano360-march/register
  68. Critics think that lack of burned fees is a valid complaint against Cardano. But, good outcomes at scale only come with good incentives and free competition. So, if the fees aren’t paying the costs of transactions in these other protocols, the question goes begging: who is? In the end, the answer always turns out to be that the transaction costs have just been obfuscated under the guise of inflation via coin emission or some other hidden tax on someone in the ecosystem (usually the coin holders). https://twitter.com/avaxholder/status/1373336728010956801
  69. We are starting to see cracks in the psychological armor of the Ethereum crowd. This anti-Cardano post was at 0 upvotes (at time of writing) while the fairly pro-Cardano response received triple figure upvotes. https://www.reddit.com/r/ethereum/comments/maktuy/ist_charles_hoskinson_the_new_justin_sun/
  70. When smart contracts go live with Alonzo (the final HFC event in Goguen), and we eventually have Babel Fees, it’s going to make almost zero sense for any developer to choose ETH over Cardano. This will apply especially to any project that sends tokens to its customers (e.g. NFT projects) and any project that involves significant computation or transaction loads on the network (e.g. DeFi projects).
  71. Emurgo is thinking about supply chain solutions for the seafood industry. https://emurgo.io/blog/how-can-blockchain-deliver-benefits-to-the-seafood-industrys-supply-chain
  72. Check out this very cool relay node global tracker form monadpool! Thanks for building this! https://monadpool.com/cardano.html
  73. We now have a Backstreet Boy. Might not seem that important, until you notice he has 600k followers. Network effects...network effects. Thanks, Nick! https://twitter.com/nickcarter/status/1374347860834062340 https://twitter.com/nickcarter/status/1374466486018842624
  74. A guy tried to use Charles’s reaction to the King Soopers tragedy in Boulder to criticize Cardano. Charles told him to go f*** himself and then auctioned off the tweet with proceeds going to the families of the victims. The auction quickly hit four figures and closed at $7k. https://v.cent.co/tweet/1374207862646304773?s=u_a
  75. Thursday is Cardano 360 and Friday will be “Get ADA Day” as staking rewards for Epoch 255 close. Gonna be an action packed close to the week. Enjoy!
  76. Here was my favorite moonboi tweet of the last few days. Old photo, but excellent captioning work here. https://twitter.com/MaximilianXCIX/status/1373471841449304066
  77. Great new interview with Sebastien! In this one he explains a lot about the dApp Connector being built by Emurgo. As reported by a commenter in one of our earlier threads, it will work with Ergo first and then Cardano. A very interesting tidbit was Sebastien’s explanation of how the Emurgo dApp Connector will actually be safer than Metamask (which fills a similar role in the ETH ecosystem). Very good info. Thanks to Sebastien and the Cardano Podcast! https://youtu.be/Dkw7hvFP6dY
  78. Today is Cardano 360 day!!!! Watch it here at 10:30AM Pacific, 17:30 GMT, 18:30 CET. This is the live monthly streaming show from IOHK. Watch this one. Hopefully we’ll get a target date for Alonzo. That’ll tell us when we get smart contracts. https://www.youtube.com/watch?v=uQt7AjimaAg
  79. Looks like the Cardano 360 show may highlight how Cardano will not experience some of the shortcomings that leading blockchains have in the past (like the time that bitcoin accidentally issued 184 billion BTC in one block). https://twitter.com/IOHK_Charles/status/1374783084881608706
  80. Catalyst Fund 5 will have a $2MM total budget! Included will be a very interesting $50k Metadata challenge in Fund 5. Metadata can be used to prove the existence of a certain document or event to third parties without necessarily revealing the data contained therein. This means you can do cool things on the blockchain without using smart contracts as in the prior New Balance anti-counterfeiting and Beefchain traceability Cardano projects.The winners of this challenge are actually going to be incubated and supported by the IOHK Metadata team! People waiting for Goguen and smart contracts are definitely sleeping on what can be done with metadata on Cardano today. https://www.crowdcast.io/e/fund4-6 https://www.youtube.com/watch?v=Pjg_u7Oeel0
  81. There is a Catalyst Dashboard available that gives you all the stats on the current projects in Cardano’s multi-million dollar decentralized innovation fund (the world’s biggest). https://docs.google.com/spreadsheets/d/15R-Vbajy4t4fGs1TipNMfL1pEO9cwdn6WV13lKviX4Q/edit#gid=40774150
  82. Charles says they are going to end up spending $15-30MM this year on research and they will hire 100-200 people. That’s an investment in the future of the ecosystem! https://www.youtube.com/watch?v=bLwyFADws8w
  83. Cardano 360 was yesterday! The big news first: it sounds like the Alonzo (smart contracts) testnet will launch around end of April or early May. It’s looking like Alonzo HFC event will happen on main net late July or August. The stream was over three hours long. They covered so much! Now, let’s get to the other details revealed. https://www.youtube.com/watch?v=ULBLgPgxtN8
  84. Grigory Rosu from Runtime Verification gave a big rundown on the universality in programming languages that will be provided by K framework in Cardano. He said he should have some kind of proof of concept around six months from now.
  85. Michael Peyton Jones and Manual Chakravarty (the architects of Plutus) talked about 1) the benefits of Cardano’s modern approach to designing Plutus TX and Plutus Core and how Plutus Core basically being lambda calculus allows for mathematical verification of software written in Plutus, 2) how UTXO (and EUTXO in Cardano) are much more battle proven than other ledger accounting systems like account balance system (e.g. ETH) which have had problems, 3) how non-fungible role tokens will be a thing, and 4) how they are now laying out a real development platform for builders instead of just throwing Plutus out into the world.
  86. Lars BrĂŒnjes (Head of Education) laid out how they are going to train a group of developers through the Plutus Pioneers program. That group will help test the Alonzo test net after it launches.
  87. Lars has also cloned Uniswap in Plutus with a graphical user interface and completely automated value discovery in the liquidity pools. He did this as a proof of concept to show the capabilities of Plutus. That was demoed right on the stream.
  88. They then brought on people from three different Haskell development firms who will be building things on the testnet as a sort of “red team” test of Alonzo. They all seemed to be very capable in terms of Haskell development (note here that Plutus is basically Haskell).
  89. Tom Lindeman (Chief Security Officer at Runtime Verification) then laid out how disastrous the last few years in Ethereum have been for smart contract security. But, Cardano has a solution. IOHK and Runtime Verification will partner to certify smart contracts as to security. Runtime Verification will do the security audits. This program will be called “Alpha Frontier”.
  90. Charles then laid out the details of the timeline for Alonzo as described above. It sounds like they are targeting to be totally done and hit a code/feature freeze at the end of June. But, it will take Coinbase, Kraken, Binance et al. at least four weeks to update their systems before they can actually launch smart contracts on mainnet.
  91. Collin Edwards and Duncan Couts then gave us an update on the stake pool world as we approach “D DAy” or d=0 which is full decentralization of block production. A stake pool operator Shawn McMurdo has made some Cardano Improvement proposals as to 1) a non-linear curved basis for a0 (pronounced a-naught, represents stake pool operator pledge) to affect rewards more greatly, 2) non-centralized rankings in Daedalus, and 3) an adjustment to minimum fees from fixed to variable. Collin and Duncan clarified there will be no changes to a0 (pledge) or k (max pool size) at the d=0 (full decentralization) event coming up. Duncan also laid out how they are going to launch P2P node testnet in early Q2. This will allow for information to flow directly between nodes and will accomplish automation of things like peer discovery that are currently manual on the network.
  92. Dor Garbash then gave an update on Catalyst. As covered previously here, Catalyst has become a monster. There are 17k people in Ideascale and the treasury is worth more than $400MM. You heard that right, almost a half billion dollars in the Catalyst Treasury. We also heard from a bunch of the previous catalyst winners.
  93. Someone paid $23k for the notorious “Your telling the CEO of IOHK…” tweet. https://v.cent.co/tweet/1374769078519300097?s=u_a
  94. IOHK is rolling out a new team that will fight the scammers in crypto. In my mind this involves guys in polo shirts with popped collars and Ledger Nano Xs around their necks carrying these and hunting the bad guys while ‘90s action movie music plays. Probably Dwayne Johnson is their commander. Maybe that’s not what Charles has in mind. https://twitter.com/IOHK_Charles/status/1375473873651568640
  95. Cardano is the Tesla of crypto. We’re just in that early stage right before the Model 3 launch where the Ford and GM guys are at peak fear/peak shit talking but we haven’t made that big move yet. “It’s an illusion, they’ll never release a sub $40k car.” We’ll see shortly, gentlemen...we’ll see.
  96. Every once in a while I like to take stock of where the rest of the crypto space is on Cardano. So, let’s do a little review of what a few of the larger youtube crypto and other influencers are saying about Cardano right now.
  97. Charles says they are actually going to hire investigators for the IOG anti-scammer team. People with a law enforcement or intelligence background should feel free to apply. Should have a report on the team’s first investigation soon. Hopefully, this will contribute to scammers actually actively avoiding (those alliterations tho!) Cardano. Could also be a nice basis for an intelligence apparatus and private military when we build the Cardano Citadel. I mean somebody is gonna have to man the watchtowers if we’re gonna keep out all the no-coiners and ETH people. Kidding...kidding. https://youtu.be/6God9Xtzuqs
  98. Cardano hodler Ben Askren continues preparations for his boxing match with Jake Paul. Being a Cardano hodler, it is already a foregone conclusion that Askren’s aura will cause Jake Paul to refuse to fight before the opening bell even sounds. https://twitter.com/Benaskren/status/1286094545973846017 https://twitter.com/Benaskren/status/1376021472993480705
  99. We hit 100% decentralization of block production tomorrow. Breath it in, friends. Taste the sweet completely decentralized air. Many crypto ecosystems will never know that feeling. https://twitter.com/InputOutputHK/status/1376527930159816706
  100. Today is D-Day, d=0, complete decentralization of block production as covered in preceding days. Enjoy it guys!!!
  101. The Daedalus wallet now supports native tokens! https://twitter.com/InputOutputHK/status/1376936748715020288
  102. Charles recently mentioned Senegal in the Julian Hosp interview. I believe that is the first time this nation state has been discussed in the context of the pan-African strategy for Cardano. https://youtu.be/Zm6I1agqPWQ
  103. Yesterday, there was a dev community Q&A call with native token engineering lead and Plutus expert, Polina Vinogradova. Lots of good info shared there on all things fungible and non-fungible (including verification in the token registry and babel fees) in the Cardano ecosystem. To drive accuracy, only the party with the private key corresponding to the token minting will be able to make changes in the token registry as to that token.
  104. In the native token call there was also a very interesting characterization of babel transactions as incomplete transactions that will include offers to exchange as a means to complete the transactions. “So, you will do two transactions or no transactions.” These incomplete transactions are called “liability transactions”. A group of them is called a “liability group”. When they get completed they are called a “closed liability group”. Babel fees are still very much in the paper writing phase. The team is currently agnostic as to how these exchange offers will be announced to stake pool operators. For more details on babel fees, we’ll have to wait for the paper.
  105. Cardano Youtuber Big Pey just did two really good videos on the developing NFT scene in Cardano and how to accomplish manual escrow in discord so that you don’t get scammed in the secondary market for Cardano NFTs. The focus here was on the SpaceBudz series of NFTs. These kinds of manual procedures are probably the best that can be done right now. They also highlight how much easier everything will be once we get smart contracts with Alonzo since simple escrow like this is a prime use case for simple smart contracts that at the outset seem like they should be accomplishable even just in Marlowe. https://www.youtube.com/watch?v=B8Yj_dvh7OA https://www.youtube.com/watch?v=p-1TKq7okhs
  106. Cardano hits 400k delegators! https://twitter.com/RichardMcCrackn/status/1377732956194766850
  107. Graph blockchain has announced an acquisition of $300k in ADA for staking purposes. Once the corporate finance world finds understands the dynamic around staking in Cardano, we may see announcements like this with dollar values that are orders of magnitude higher. Right now the corporate world is considering holding BTC on their balance sheets. But, yield on ADA holdings might become hyperattractive to a wide spectrum of companies once they understand the dynamics of staking and that a compounding yield is available for capture. https://www.yahoo.com/entertainment/graph-blockchain-announces-acquisition-cardano-110000210.html
  108. The Project Catalyst Fund 3 winners have been announced! https://drive.google.com/file/d/1X6BnuFBvNO8yF2DeUgBqA3yyYSvqeKvg/view
  109. Occam.fi is creating a defi launchpad on Cardano that will be called OccamRazer. Cointelegraph OccamRazer Article
  110. Orion Protocol is aiming to be the first liquidity aggregator on Cardano. https://coinmarketcap.com/el/headlines/news/orion-protocol-and-cardano/
  111. How hard is learning Haskell from scratch? Today’s youtube companion to this post describes my experience so far learning Haskell as a beginner with little programming experience. https://haskellbook.com/ http://learnyouahaskell.com/chapters Derek Banas Youtube Haskell Tutorial

~Army of Spies