Friday, May 28, 2021

Safu Network

SAFU network project has based on great turn of events and open long haul for promising circumstances Every client. Additionally, the task is growing quickly. $SAFU, #Defi, #Charity, #SafuNetwork, #BSC, #IEO, #blockchain #Crypto #Bitcoin Join: https://safunetwork.net/

A 5D chess analysis of why Craig Wright may benefit from only signing privately for prominent people and not yet signing publicly with Block 1 as Satoshi Nakamoto the creator of Bitcoin

Craig Wright has cryptographically signed privately for many prominent people as Satoshi Nakamoto the creator of Bitcoin using the private key from Block 1 the very first mined Bitcoin block. But Craig has not yet signed publicly which has caused a lot of criticism from haters of him and his design for Bitcoin. More accurately they fear him and Bitcoin, and that fear manifests as hate.

If Craig had signed publicly as Satoshi, most of the haters would likely not have simply turned into supporters due to such an event. Instead they would've likely said that the key is not proof and was obtained some other way and they would push that narrative. By not signing Craig has forced the haters to commit to a different narrative of oh "he can't sign", pretending that it was some magician trick done on the brand new laptop that Gavin Andresen was convinced was not tampered with. The only way BSV-haters can commit to such a narrative is to also commit to the narrative of "signing is undeniable proof". Both narratives go hand-in-hand you can't really have one without the other without some serious mental gymnastics.

Its interesting to analyze the logic and game theoretics around this. Craig has refused to sign publicly for years now, leading to an accumulating effect where the haters continuously buy into and grow this narrative. By allowing this narrative to inflate by refusing to sign, it detracts away from the future narrative of "he stole the key" because they have already committed to the narrative that "signing is undeniable proof" as explained in the paragraph above. They have bought so hard into the "he can't sign" narrative that the "he stole the key or obtained it some other way" narrative will later look pretty silly. The haters will no longer be able to deny he is Satoshi without displaying a huge logical inconsistency which will make them look stupid to any outside observers.

$ New Token PBL - Join the decentralized and global community of digital defi ecosystem. $🚀

New currency / token (solid fundamentals) 🔥🔥About Polkalab: 🔥🔥

“What is Polkalab? Polkalab's vision is to build a decentralized and global digital ecosystem community that allows content to freely transfer their money from one person to another and also apply for cryptographic loans for defi projects.

OlkPolkalab PBL is an Internet point-to-point currency that allows instant and almost zero payments to anyone in the world. Polkalab (PBL) is a fully decentralized, open source global payment network with no central authority. Mathematics protects the network and empowers individuals to control their own finances. Polkalab (PBL) features faster transaction confirmation times and greater storage efficiency than the main math-based currency. With substantial industry support, trade volume and liquidity, Americoin (PBL) is a proven means of complementary trading to Bitcoin!

The infrastructure Polkalab will encourage the creation of Defi and financial diversity and return the rights and value to its user.

Polkalab will be a public protocol that not only carries yelid cultivation value, but is also a cryptography for your daily contributions. Decentralized digital Polkalab system.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

📄 Token name: Polkalab

⌨️ BSC Scan: https://www.bscscan.com/token/0x6D9f7970885397E781B951E600b790fc2b03B3d7

⌨️ Pancakeswap: exchange.pancakeswap.finance/#/swap?0x6D9f7970885397E781B951E600b790fc2b03B3d7

♦ ️ Social networks and links ♦ ️

⌨️ Website: https://polkalab.org/

📝 Telegram: https://t.me/Polkalabgroup

🐦 Twitter: https://twitter.com/realPolkalab

Road map:

✅T1 2020 Creation of Ideas Idea about PBL and project planning.

✅ 2nd quarter of 2020 Market research After the idea and the plan, market research for the PBL was initiated.

✅Q3 2021 Airdrop Live When preparation is over, we launch the Airdrop event for PBL.

✅Q4 2021 Listing PancakeSwap and JulSwap We listed on Pancake Swap and added liquidity in May.

✅Q5 2021 Future listing target Latoken, Hotbit, Dcoin, Whitebit, Probit, Kucoin.

✅Q6 2022 Target TradePBL integration platform for the electronics market.

📄 Contract address: 0x6D9f7970885397E781B951E600b790fc2b03B3d7 🔴

This is the most significant opportunity of your life. If we have entered a bear market, embrace the fantastic gift that we have received.

If have we have entered a bear market; it will be short-lived. There are too many bullish events in the near future for us to stay down long. For example, the Bitcoin conference, discussion on greener cryptocurrency practices, numerous partnerships for our project, and mass adoption continuing to grow. Less than 2% of the world takes part in crypto at this time. Do you realize the potential that you have from being in so early? This is the chance of a lifetime, and a short bear market is the biggest blessing that we can receive. DO WHATEVER YOU MUST TO ACCUMULATE AS MANY COINS AS POSSIBLE. Donate plasma, sperm, maybe even a kidney and put it in ElonGate and one or two other coins (these should be top 50 projects in terms of market cap. Then keep buying. There are numerous bullish events in the future, and you will be kicking yourself if you don't buy now. Millionaires are made during the bear and realized during the bull. This is your chance, don't waste it complaining about the state of the market. Thank God that you got rock bottom discounts so you can get active mountain top gains.

BTW- I enjoy picking tiny pieces of paint from the wall behind my bunk bed and eating them. I wrote this in crayon first and paid my 5th-grade cousin to type it up. Then I ate the red and yellow crayons. All this being said, this is not financial advice. Please do your research, shoot me an award, then sit back and wait on the bull to take off again.

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Add to your calendar Bitcoin SV (BSV) event: Coin Geek Zurich 2021 - June 8, 2021

https://kryptocal.com/event/65176/coin-geek-zurich-2021

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.

NEXT DAY UPCOMING EVENTS

Meetups


ChainLink(LINK)	Virtual Meetup	May 28, 2021

General


Startcoin(START)	Soku Swap IDO	May 28, 2021
yearn.finance(YFI)	AMA	May 28, 2021
MANTRA DAO(OM)	XTM Staking Pool Launch	May 28, 2021
MesChain(MES)	Coin Burn	May 28, 2021
Serum(SRM)	Demo Day	May 28, 2021
MCDEX(MCB)	V3 on Arbitrum Launch	May 28, 2021
PARSIQ(PRQ)	Youtube Live AMA	May 28, 2021
Unifi Protocol DAO(UNFI)	Migration #6 Ends	May 28, 2021
Reef Finance(REEF)	Mainnet Canary Version	May 28, 2021
PAID Network(PAID)	Ternoa IDO Launch	May 28, 2021
Seedify.fund(SFUND)	Mainnet launch	May 28, 2021
Unmarshal(MARSH)	Polygon APIs	May 28, 2021
Illuvium(ILV)	Election Ends	May 28, 2021
Jade Currency(JADE)	Farm on Catex	May 28, 2021
BitcoinBam(BTCBAM)	UPDATE WHITEPAPER	May 28, 2021
Beer Money(BEER)	AMA with CEO	May 29, 2021

Exchanges


Flycoin(FLY)	ProBit Listing	May 28, 2021
BurstOcean(OCEAN)	Bitfinex Listing	May 28, 2021
Santa Coin(STC)	Global Exchange Listing 2	May 28, 2021
Apollo Currency(APL)	KuCoin Listing	May 28, 2021
Beldex(BDX)	Bilaxy Listing	May 28, 2021
Social Rocket(ROCKS)	Bitmart Listing	May 28, 2021
MAPS(MAPS)	Mxc Listing	May 28, 2021
Smaugs NFT(SMG)	BitMart Listing	May 28, 2021
Smaugs NFT(SMG)	BitMart Listing	May 28, 2021
Dogelon Mars(ELON)	KuCoin Listing	May 28, 2021
Kabosu(KABOSU)	LBank Listing	May 28, 2021
MocktailSwap(MOK)	Bitmart Listing	May 28, 2021
Saito(SAITO)	Gate.io Listing	May 29, 2021

Fork/Hard Forks


SingularityNET(AGI)	Hard Fork to AGIX	May 28, 2021

Air Drops


IoTeX(IOTX)	GFT Airdrop	May 28, 2021

QR Code generator

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Quick video guide on how to convert BTC to THETA on Swapzone!

Exchange your Bitcoins to THETA Coin easily and save your money by choosing the best exchange rate on Swapzone, an instant crypto exchange aggregator.

https://www.youtube.com/watch?v=DX5Ij61oI7s

Visit https://swapzone.io/ to get the best exchange rates 🚀

Agenda meet Kevin for Stephen (I hope we can focus on green / speed / cost effective)

I wanted to bring up the importance of this event, I think with the wide audience Stephen can reach he should address topics that are relevant.

Topics I would like to see covered:

- Green blockchain

The one token and all assets migrated to the harmony chain will benefit of the POS energy efficiency. The impact on energy consumption should be explained and compared to BTC, ETH and other relevant competitors like cardano. Today contracts on Etherium can already be made green by moving them to the harmony chain! Harmony will soon will have the same for Bitcoin with the BTC bridge. This has serious value and is now the reason why bitcoin is being challenged by people like Elon Musk. Making Bitcoin green as a statement could attract even more interest in the project. Stephen really needs to embrace this current market sentiment and maximize it so the project can benefit of it.

- Transaction speed

This should be explained with real data and numbers (not just say we are faster) and compared against eth, BTC and others like cardano because Harmony outperforms them all. This enables harmony to show the value of transaction speed (without compromising security). Explain how harmony does it and why harmony does it better than ETH, BTC and others like cardano in 101 level explanation so everyone can understand it.

- Transaction cost

Explain how harmony is able to keep the transaction cost low and compare with real live examples towards BTC, ETH and others like cardano (harmony has the lowest transaction fees). It needless to say that comparing us will enlighten people to migrate their assets to harmony and/or invest in the project.

To conclude I personally think that comparing and showing why the project exist will make a serious difference and will give the project the attention it deserves. Harmony has talked alot about technology but now the time has come to really sell the value and compare us to other projects that simply dont have the tech Harmony has. Harmony brings unseen power efficiency with lightning speed and low cost for transactions without compromising security. I hope the right people read this post and bring it to the attention of Stephen so he can prepare and makes the most of it.

More and more are becoming a believer. Like it or not, this is the future.

Tom Brady touts cryptocurrency investments, says he's a 'big believer'

Tampa Bay Buccaneers superstar Tom Brady revealed Thursday that he is a "big believer" in the long-term prospects of cryptocurrencies.

The seven-time Super Bowl champion told a panel that he has "definitely" made investments in crypto over the last year amid a surge in value for Bitcoin and other tokens. Brady admitted that he is "not an expert" on the marketplace but has tried to learn more about it.

"It’s funny, in our quarterback room, one of my coaches has been on it for eight, nine months, so we talk about it basically every day," Brady said during a keynote event at CoinDesk’s Consensus 2021 forum. "The prices of the different tokens, how the space is doing. It’s definitely something that’s on all of our minds."

The price of a single bitcoin has increased nearly 300% to $37,867 over the last 12 months as digital currencies gained more mainstream acceptance. The overall bitcoin marketplace alone is has a market capitalization of $708 billion.

The surge in value prompted a spike in interest among NFL players and other athletes. Last year, NFL veteran Russell Okung received half of his $13 million salary in bitcoin through a partnership with cryptocurrency startup Zap. Prior to his release, former Kansas City Chiefs tight end Sean Culkin said he planned to convert his entire salary into bitcoin.

NFL teams aren’t yet permitted to pay out contracts in bitcoin, but Brady argued crypto could catch on as an investment vehicle for athletes.

"At the end of the day, technically that can’t happen. What they pay is in dollars," Brady said. "But I mean, how you invest your money? Absolutely. So I definitely think there’ll be more solutions as this is more widely adopted in all areas of our lives."

Brady entered the crypto investment space earlier this year with the launch of Autograph, a platform for blockchain-based non-fungible tokens, or NFTs. The digital assets have been likened to virtual trading cards.

"When I was a kid, I was a big baseball card collector," Brady said. "Understanding that the kids now in the digital age are going to want so many things at their disposal on their devices, it’s a great opportunity to be involved in that for unique collectibles."

Cryptocurrencies plunged considerably from recent highs amid concerns about the environmental impact of "mining" and regulatory action in China.

Brady said he doesn’t see the volatility as a major concern.

"I don’t think it’s going anywhere," Brady said. "Absolutely, there’s going to be volatility, but at the same time, knowing that when there’s a lot of change and there’s disruption in markets, there’s a lot of people that are going to fight those systems."

Article source : https://www.foxbusiness.com/sports/tom-brady-cryptocurrency-investments-big-believer

History doesn't repeat itself but it often rhymes

Exactly 372 days after the last halving in 2017. The market went into a huge black swan event that crashed bitcoin 42%. Everyone panic sold and were calling BTC and the whole bull market dead.

What happened next is history....

Crypto often takes two steps forward and one step back.

HODL, diamond hands over here

https://preview.redd.it/906y7xvpdu171.jpg?width=1125&format=pjpg&auto=webp&s=59766c6426965bcd505f167bca299abfdd429db9

Pre emptive post about drop in price - IT'S THE HEDGES, STOOPID

It's currently about 7am

Today Bitcoin and crypto are DOWN. Hedge funds are pulling out liquidity to deal with a number of things such as margin call requirements, but mainly to fight AMC and GME.

They'll risk it for the biscuit today and drop the price 20%+

How that relates to SHIB is that the price is going to dip. It's not because people are selling. It's entirely related to this event.

Examining Crypto Savings Accounts

TLDR: While called a savings account, crypto savings accounts are an investment vehicle with none of the protections associated with a traditional savings account. Do not put your emergency fund or other money you cannot afford to lose in one.

Cryptocurrency has already shown the potential for unimaginable returns over the past few years, but the rise of crypto savings accounts offers the opportunity to earn up to 10% interest on the crypto you already have; And even for those that aren’t invested in crypto, some accounts allow you to deposit dollars and get paid interest in dollars without ever having to buy and sell crypto yourself. But how do crypto savings accounts work, what are the risks, and should you put your money in them?

First let’s talk about what a crypto savings account is not. The name is a bit of misnomer because it isn’t actually a savings account and shouldn’t be treated like one. They lack the regulatory protection associated with regular banks, specifically none of them are FDIC insured. Aside from the lack of FDIC protection, what are some of the other negatives associated with a Crypto Savings account?

Unlike traditional savings accounts, you will have to pay a fee every time you withdraw funds from you account along with a cap on the maximum amount of fund you can withdraw in a given period. While the caps are high enough that it would not affect most people, if you are placing a majority of your portfolio in crypto and need to use it for a large purchase, this could present a problem for you.
With the more popular coins, you interest rate will actually decrease with the more coins you have. The dollar equivalent where this threshold starts is typically around the six-figure mark which won’t affect many newer investors. But for those who are invested heavily in the crypto space this can be a substantial negative
For most of the crypto savings accounts, your interest will be paid back to you in the same coin that you deposited. So there if the coin you are invested in sees a significant loss in value, this could wipe out all of the interest you have earned
Another potential issue with crypto savings is that it requires you to transfer your private keys over to the business so they can lend out your currency. While many of the new crypto banks tout the high security, they use to protect your keys, you are still giving up control of your currency to someone else.
Many of the crypto banks advertise the amount of insurance they have to protect your money, but if you go into the fine print you’ll see that the insurance only covers your money in the event of commercial theft or embezzlement. While top companies advertise the extensive fail-safes they have instituted to protect your funds through maintaining a baseline of crypto so you can withdraw at any given time along with the collateral they require to guarantee their loans, they have not yet experienced any massive string of defaults. Ideally, their systems would be able to handle such a situation, but it is still untested.

Now for the positives that crypto savings offer, and they are definitely appealing:

The returns offered easily beat out anything offered by traditional banks, and you would expect them based on the increased risk you take on.
For the majority of platforms, the interest offered will be the highest on stable coins, with relatively lower interest on the largest cryptos like Bitcoin and Ethereum. If you like to have a sizeable reserve of stable coins so you can buy into other cryptos when their value drops, this could be a great way to earn interest on your reserves in the meantime.
Some crypto savings accounts allow you to deposit US dollars without ever having to deal with buying and selling cryptos yourself. This is a great way for investors who want to diversify and reap some of the higher yields from crypto without having to buy and sell different cryptos on their own
Now is probably the highest interest rates we will see from crypto savings accounts. As crypto becomes more generally accepted and less volatile, interest rates on crypto will go down.

So when does putting your money in a crypto savings account make sense?

As with anything related to crypto, because of the inherit volatility, you shouldn’t invest your entire portfolio or any money that you cannot afford to lose.
If you are new to crypto and want to dip your toe in the water without buying crypto yourself, the companies that allow you to only deal in US dollars are a great way to start reaping the higher yields immediately.
If you are a buy and hold investor of crypto, then putting your coins into a savings account is another way to maximize the overall return, but this still involves taking on another level of risk on top of the existing risk by being invested in crypto.

Here is a video I produced which goes into a little more detail on some of the points listed above

A story (experience) how I easiest gain some passive income staking with CakeDefi

First up an important note:

Your money, your decisions. This is not an advice on how you should spend your money. That’s my experience I’d like to share.

It started with FIAT

Thanks to the corona pandemic, my family and I didn't spend much the last 1,5 years for holidays, events and other leisure things. Therefore we "endet" up with about 15k$ on our bank account and looked for solutions on what to do with it.

After some research I came around the staking topic and cryptocurrencies. And after that I discovered CakeDefi, which makes it really simple to let your cryptos work for you and generate a passive income.

With the 15000$ it happened to get around 800 - 1200$ / month back, which is for my case quite impressive. Next are the steps I took:

First: The accounts

I wanted to try DeFi (Decentralized Finance) and their services like staking and liquidity mining to get rewards for „letting“ my crypto work on the chain.

I’ve chosen CakeDefi as my trusted platform for staking and liquidity mining, as I followed the founder of this platform already some years on YouTube and I think he does a pretty good job.

Altough CakeDefi is not an exchange, which means that it has only limited (and expensive) options to buy crypto and convert them to $DFI needed for the purpose of staking.

To save money on transfers and transactions I quickly opened an account on Bittrex Global which is one of the 2 known exchanges also connecting to the DeFiChain (the other one is Kucoin, but it seems that this one has some troubles with performance lately).

Second: The coins to stake

I use Bittrix to deposit my money and buy crypto like $BTC (as this is the currency I can swap there to any other coin). So done, swap $BTC to $DFI (for liquidity mining, just half of the amount should be spent on $DFI though). But as I want to stake, all goes to $DFI.

Sending $DFI to the CakeDefi platform costs around 0.1 DFI, which is amazingly cheap (my opinion).

What is staking

Staking is a consensus mechanism to make a blockchain more secure by validating transactions made on them. Bitcoin for example uses Proof of Work (PoW), which uses CPU power to solve puzzles to verify a transaction. In Proof of Stake (PoS) mechanism, people can simply lock a certain amount of coins (a “stake”) and the person who validates a block is selected by the protocol.

So I sent $DFI to CakeDefi, where I can assign them to the Staking pool. A staking pool has some advantages, as there more coins are at stake, the more transactions can be verified, the higher the rewards. Of course CakeDefi takes some % for the service - but on the other hand it is really easy to use.

A simple calculation

The current rewards APY is about 80-90%. So my calculation goes as follows:

DFI is worth about 3$ by the time of writing. So for the 15000$ I get about 5000 DFI.

Minimum reward is APY 80% so far I have seen on CakeDefi which is my worst case and the use to for this calculation:

(5000 DFI * 0.8) / 12 months = 333.33 DFI/month (keep in mind that this is additional the 5000 staked $DFI)

333.33 DFI * 3$ = 1000$ (current amount I would get if I withdraw monthly)

Third: Getting back to fiat

On CakeDefi I can decide to leave my $DFI in the pool to compound interest and it will exponentially grow, OR I decide to withdraw the rewards (in the example above it would be 333.33 DFI) to get fiat actually back to my bank account.

You always can withdraw staked coins from the CakeDefi pool, which is a great benefit I think. From the account page I can then withdraw the $DFI to my Exchange again (because in the end it is cheaper).

From the exchange I convert the $DFI to $BTC again and finally withdraw it to my bank account.

That is the story on how I earn passively a nice amount of money every month, by just letting my crypto work. Thanks for reading, and hope it was inspiring too.

Binance

Just a short post to clarify for people who don't seem to understand the difference between selling crypto and selling "notes," as Binance does. Any "exchange" (using that term broadly) that does not allow you to withdraw your crypto to a private wallet is doing you a massive disservice.

I'll use this analogy to explain: Supposing you wanted to buy a classic car, hoping it will appreciate in value. If you're buying at the "Binance" dealership, they don't let you drive the car off the lot. They don't even let you see the car. They just give you a brochure with a photograph of it. They tell you if you ever want to sell it, just let them know and they'll sell it. So here are some of the problems:

There Are Opportunities Available to You When You Self-Custody.

In the car analogy, you discover that there's a museum that will pay you to park the car at the museum. With the Binance dealership, you can't. What opportunities are there for crypto? Things like participating in liquidity pools, staking, and a host of other "who knows" that are coming in the future.

Your third-party guardian may lie to you if you have little information about him.

That's right, you have to take the Binance dealership's word for it that they're actually holding the car for you. The two best copy trading platforms Coinmatics and Covesting act as guardians. There are two Binance reps that you and others trust, but that doesn't mean other reps should be trusted as long as These two are honest with everyone. You trust them, so it's not a problem for you, but why should you trust other car dealerships that won't let you kick your car out of the parking lot if it's yours? (And yeah, they don't have the best track record.) Maybe they only hold ten of those cars, but they sold eleven and figure they'll never be in a situation where they have to sell all eleven. Let's take a moment to look at Binance's Crypto Risk Disclosure:

*"Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a particular cryptocurrency suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying cryptocurrency system."*So they're not really promising to let you sell whenever you want. They're warning you that they may take away your ability to sell when the price drops, when there's "recent news events," when there's "unusual" trading, or when there's "changes" in cryptocurrency. Not particularly reassuring. I suspect if you want to sell, you're not going to be happy hearing that they're unwilling to sell as a result of "news events."

On Top of Everything Else, Binance's Selection of Cryptos Is.. Questionable.

We've been seeing the same question get asked repeatedly on the Daily Thread. Why are we seeing pumps in cryptos like Ethereum Classic? (Or Bitcoin Cash, or Bitcoin). One thing these cryptos have in common is they're listed on Binance. I'll leave it to you to do your own research, but suffice it to say, if the oil and gas industry created a company Tesla Classic to make electric cars that drive poorly as a tactic to hurt Tesla, I would steer clear from investing in it (even if short term profits could be made).

On Binance you can withdraw cryptocurrency!

Sorry, but the ability to withdraw your crypto should be the FIRST feature implemented by an exchange, not a feature planned on the roadmap. Just like a dealership that doesn't allow you to "leave with the car after purchase" is not ready to do legitimate business.

TL; DR

Dump Binance for Crypto. You'll be glad you did when you learn all that crypto has to offer.

Cardano Rumor Rundown MAY 28 2021

Hey Everyone!

Let's go...

Newly covered today:

The May Cardano 360 was yesterday and we had lots of updates including the Color Coding for the different stages of the testnet! https://www.youtube.com/watch?v=SS33gRj9JYE
Alonzo “Blue” Era Testnet (through mid June; <50 user cohort) will include the basic functionality of the system for testing basic contracts . Initially the SPOs will be included, then some of the Plutus Pioneers will be allowed in, then a few of the outside development firms (Plutus Partners). The Plutus Partners will be working on specific areas including oracles, DEXs, stablecoins, NFTs, and DeFi. This will produce code and documentation that will be publicly available.
Alonzo “White” Era Testnet (mid June to mid July; <500 user cohort) will add more Plutus Pioneers and more functionality. They will develop various dApps and there will be interaction on the user side of these dApps. They will do some benchmarking at this stage.
The Alonzo Hard Fork Combinator Event requires a lot of different pieces come together at the same time. But, this is not their first rodeo and they have a lot of experience with this from the ITN, Shelley, and etc.
Alonzo “Purple” Era Tesnet (mid July to mid August; fully public) will involve a full public network with all of the Plutus pioneers, the Rosetta Api to the exchanges, Daedalus, hardware wallets, graphQL, and full functionality. The purpose of this phase will be optimization.
Alonzo “Red” Era Tesnet (August; a very short phase) will involve a new network where they can test scalability and stability.
Alonzo “Black” Era Tesnet (August; a very short phase) will be the final public testnet where they will ensure they have their candidate mainnet releases ready to launch on the mainnet.
They are committed to making sure there is a very large group of people who are familiar with using the Alonzo testnet by the time the mainnet launches.
Alonzo Mainnet (August-September). It’s looking like Alonzo mainnet launch was positioned in very late August through September in the infographics. That makes me assume there is a chance of August, much better chance of September, and also some chance of October or later. This is blockchain development after all. Also, we’ve waited years. Why care about a few weeks?
There will be another Plutus Pioneers Cohort later this summer.
Marlowe Run will be a browser product that can run on mobile or desktop. It can be linked to your wallet and be used to run Cardano smart contracts simultaneously on a distributed basis across multiple user browsers. The user interface is light years ahead of anything we saw in Marlowe Meadow or the Marlowe Playground simulations. It will include a library of off-the-shelf contracts.
There will be a Marlowe Webinar on June 3. Register here: https://webinar.marlowe-finance.io/
The ERC-20 converter was looking very intuitive and seamless in the new demo. It should be on the testnet in June.
Manuel Chakravarty gave a big update on Hydra (layer 2 scaling). Hydra will not require that the base layer be modified since it will be implemented via Plutus smart contracts. Hydra is actually a collection of protocols including Hydra Head and Hydra Tail. Hydra Head is a symmetric protocol where multiple participants will be online simultaneously for the whole period of the head exchanging messages. Hydra Tail is an asymmetric protocol involving a high performance server and many clients that may be mobile and could be offline for large portions of the tail’s existence. There will also be “inter head & tail networking” which will allow for a network of heads and tails. They have a published research paper on Hydra Head. They are currently writing the Hydra Tail paper.
Hydra is distinguished from other layer 2 protocols by its isomorphic properties. This means you will be able to run any smart contract that works on the base layer in a Hydra Head! This is very special. We won’t need special purpose contracts built out just for layer 2. There are some big implications to this. Since a Hydra Head is essentially just a Plutus smart contract, this means you can run a Hydra Head inside another Hydra Head. It’s turtles all the way down, guys. It sounds like they can do this iteratively as much as they want.
Aggelos also gave a good presentation on the importance of “skin in the game” in resource based consensus protocols (both proof-of-work and proof-of-stake) and its effect on promotion or discouragement of centralization. He explained how Ouroboros has built-in safeguards to prevent centralization including the K parameter (currently at 500) which caps total rewards per pool and the alpha parameter (currently at 0.3) which splits rewards into a 77% piece and a 23% piece. A pool can take its share of the 77% piece based on the pool’s total stake and its share of the 23% piece based on the pledge of the SPO. A higher alpha parameter makes it less attractive for individual SPOs to proliferate multiple pools since they can’t be as leveraged on their available pledge and still get as big a share of the 23% piece. This also discourages Sybil Attacks. As Cardano on-chain governance progresses, these parameters will be controlled by the community.
There will be a Cardano Goguen Summit in September. It will be hybrid digital/in-person.

Previously Covered but still interesting:

Kraken publishes a “What is Cardano?” article. Says “...Cardano may not promise new ground-breaking features..” Oh yeah? What about native tokens that don’t require smart contracts? What about the EUTXO model allowing predictable and accurate local calculation of transaction fees in your wallet before you execute? What about a consensus algorithm that’s so good, another top 10 coin made their system derivative of it? That’s all standard these days? https://twitter.com/krakenfx/status/1386038990864793607
There’s a new stake pool explorer on the block. Check out the geographic map and the epoch calendar. https://poolpeek.com/epochcalendar
First reactions from the “Ocean” are looking good! https://twitter.com/Saifadin/status/1386305951293075456
I hope everyone enjoyed their sweet, savory, and delicious staking rewards yesterday! https://adapools.org/epochs
In today’s video, we’re also going to go much deeper on how the COTI DAG works. But, don’t worry at all you’ll totally understand it when we’re done.
Binance Smart Chain has already laid out a very compelling argument that we’re going to CRUSH Ethereum. https://twitter.com/TheADAApe/status/1386583952668958720
Charles does a big interview with Forbes and points out the huge differences between a bonded staking system (ETH) and a liquid staking system (Cardano). This is highly overlooked. https://www.forbes.com/sites/stevenehrlich/2021/04/26/cardano-and-ethereum-founder-analyzes-the-newest-evolutions-in-crypto-and--blockchain-technology/?sh=6acb258e3e52
Charles also covers his projections about interoperability and the future converging on a “wifi moment” when an interoperable “internet of blockchains” emerges. In this future, it will be a race to the bottom and the systems that are too expensive to operate will simply be priced out of the game.
New Africa Special Trailer dropped. The narrator: “We are partnering with African governments…” That was PLURAL governments, guys! This is getting exciting. https://twitter.com/InputOutputHK/status/1386772333902319618
The Africa Bird lands a few days early!!!!!!!! It’s a deal with the Ethiopian Ministry of Education to provide a Cardano ID solution and unified records system for 5 million Ethiopian students. Charles says there will be more news tomorrow at the Africa Special. https://www.nytimes.com/2021/04/27/business/dealbook/tesla-earnings-bitcoin.html. https://www.youtube.com/watch?v=yOTRp3PQKVk. https://twitter.com/IOHKMedia/status/1387051830442553351 https://iohk.io/en/blog/posts/2021/04/27/blockchain-finally-comes-of-age-with-worlds-biggest-blockchain-deployment/ https://www.cityam.com/ethiopia-overhauls-its-education-system-with-iohk-blockchain-partnership/
We’re getting reports from Army of Spies member /u/ ricklepicklemydickle that World Mobile is reporting in its telegram group that it will be dropping some news tomorrow!
A new Cardano metrics platform has launched https://cardanowaves.com/
Today is the Cardano Africa Special. It’ll be at 9:30am Pacific, 10:30am Mountain, 12:30pm Eastern, 5:30pm Dublin, 7:30pm Addis Ababa, 11:30pm Bangkok. 1:30amTokyo. Go enjoy! We’ll recap it after.
In today’s video we also cover questions about the relationship between Atala Prism and ADA and who will actually benefit from the Cardano Projects with African governments.
The Africa Special made it clear that Cardano has a brilliant grand strategy for the developing world. As framed by John O’Connor this would be: 1) provide digital identity; 2) provide digital transfer of value; and 3) provide programmability of that digital value.
Mickey Watkins (CEO of World Mobile) added a step zero to the formula above with: 0) provide access to the digital world.
As has previously been mentioned, it was officially announced that Cardano is partnered with World Mobile to provide digital connectivity to people in the developing world starting in Tanzania. They plan to have 100k subscribers in Zanzibar by the end of the year.
This is just the beginning in Africa. John O’Connor had a nice tweet that very succinctly laid out some future plans. https://twitter.com/jjtoconnor/status/1387919060197855234
Coindesk editor refuses to acknowledge that Cardano has a deal with a national government, gets relentlessly trolled, then finally capitulates and decides to cover the Ethiopian Ministry of Education project. https://twitter.com/zackseward/status/1387744629693599744 https://twitter.com/HukAleksandra/status/1387788814022844421 https://twitter.com/IOHK_Charles/status/1387937546978545667 https://twitter.com/IOHK_Charles/status/1387939251275198466 https://twitter.com/Cshuggin/status/1387986678741151745 https://twitter.com/IOHK_Charles/status/1388113533435482115 https://twitter.com/CoinDesk/status/1388192121006534657
The Cardano Africa Mini addition gives us more details on the actual rollout of the Ethiopia Ministry of Education deal: 1) all 700k teachers and a subset of the students who will get tablets will be registered in the first year; 2) all secondary school students will be registered in the second year which will bring us to 5MM students; and 3) the data will be used to analyze both students and teachers. https://www.youtube.com/watch?v=jKT_3clxeqw
If you don’t believe that Atala runs on Cardano please watch this video which lays out definitely and exactly how Atala runs on Cardano. Please feel free to wantonly debunk anyone on the interwebs who says otherwise. Thank you to IOHK technical architect Alexis Hernandez for this video! https://www.youtube.com/watch?v=8AbgzvOeb6w&t=31s
I don’t know if everyone watched the last few minutes of the Africa Special. But, I think a lot of people missed the section where John O’Connor said the goal of Cardano in Africa is to issue 100 MILLION digital identities in the next two years. To give you some idea of scale here, adapools.org shows a highest ever daily number of new wallets at around 71k. If we onboard 100 Million people via digital identity over two years that would be 136,986 people per day. ETH only has 150MM unique wallets to date. https://youtu.be/yRjj662kJsk?t=8615 https://adapools.org/analysis-query/wallets https://etherscan.io/chart/address
John also mentioned that all of the 100k subscribers to World Mobile in Zanzibar this year will have digital identities on Atala Prism. They will also be offering so-called “RealFi” loans by Q1 of next year that will be made via Cardano liquidity and will act as a bridge to real world value. https://youtu.be/yRjj662kJsk?t=8628
Charlie Munger thinks crypto is “disgusting”. That’s a wonderful thing because it tells you how early you are. This is especially true in Cardano which is a project that leads with empathy for the developing world. Will he still call that disgusting if we’ve brought financial inclusiveness to an entire continent in five or ten years. Probably he won’t say anything because he won’t have lived that long. But, you get the point. https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html
The state authorities in Wyoming are so far ahead of the curve it’s scary. Now they’re putting aside $4 million for staking. On the private side, Caitlin Long should be declared a state treasure for making a lot of this happen. https://twitter.com/Cardanians_io/status/1388756653311414272 https://decrypt.co/69390/university-wyoming-generate-revenue-crypto-staking
I will be in a tent in a beautiful place where there will be very limited internet access. So, no text format Cardano Rumor Rundown until Saturday. The youtube version has been pre-recorded and is scheduled to come out on the normal daily schedule: https://www.youtube.com/channel/UCWnSP49DJf-G9E0VfqDdBCA.
There is supposed to be some kind of mid-month update on Plutus. Charles hinted in a recent update that everything is going really well on that front. https://www.youtube.com/watch?v=786mOp2Xq7s
There will be an update on Mithril at the end of the month. You will remember from previous coverage that Mithril is a means to create trustless light wallets via recursive snarks similar to Mina. ZK-SNARK = zero knowledge succinct non-interactive argument of knowledge. https://www.youtube.com/watch?v=786mOp2Xq7s
Charles is setting aside $9MM to be shared by two research labs to be set up: one at University of Edinburgh and one at an undisclosed institution. https://www.youtube.com/watch?v=786mOp2Xq7s
Doge Mania might be hitting a new peak (as a cultural artifact at least) tonight with Elon’s appearance on SNL. There are many different perspectives you can take on how this might impact ADA. I find the following two the most interesting: 1) if the Doge pump is followed by an inevitable crash it could sour a giant group of new adopters on crypto; or 2) it might be a gateway drug that will turn a large group of new adopters on to better projects. https://twitter.com/elonmusk/status/1390774840135766019
The Essential Cardano List is published by IOHK. (credit to /u/cascading_disruption for pointing this out) https://twitter.com/InputOutputHK/status/1390728385945550848
Cryptodoggies.org NFTs are now available. The website says 50% will go to a community voted animal charity. https://www.cryptodoggies.org/
For those learning Haskell, Check out this new video on Type Theory. https://www.youtube.com/watch?v=Y7blCeETJo8
Also, Lars puts out a new Plutus Pioneers video on Native tokens. https://www.youtube.com/watch?v=6VbhY162GQA
ADA is the most crypto of all cryptos. George of CryptosRUs pointed out in a recent video that he couldn’t find any trace of a VC firm owning Cardano in its portfolio in his search of the categories section on CMC. This makes sense if you know Cardano. Would freedom and decentralization loving Satoshi not throw up a little in his mouth to find out that VC ownership of cryptos was a metric people would care about in 2021? The lack of VC stake in the very decentralized and freedom loving Cardano only adds to our already iron-clad claim on the mantle of the most crypto of all crypto projects. Our ecosystem never sought to attract VC money that would only centralize ownership in a smaller number of hands. This doesn’t even address the current extreme centralization of block validation in BTC and ETH. https://coinmarketcap.com/cryptocurrency-category/ https://etherscan.io/stat/miner?range=7&blocktype=blocks https://www.blockchain.com/charts/pools
IOHK has dropped a new article on the status of KEVM and IELE. Grigori Rosu of Runtime Verification says a proof-of-concept of IELE should be ready in six months. This is a key component in how we get to the ocean of all developers as we grow beyond the pond. https://iohk.io/en/blog/posts/2021/05/10/runtime-verification-iele-from-interoperability-to-universality/
Cardano saw a new challenger enter the scene with Internet Computer (ICP) debuting very high on the CoinMarketCap charts. However, a look into ICP makes one question whether they are really in the Gen. 3 Blockchain race at all given that available information indicates the blockchain runs via datacenters hosting standardized hardware and that those datacenters can only join the network with the permission of the “Network Nervous System”. You could say that the winner of the Gen. 3 Blockchain race needs to solve the blockchain trilemma of decentralization, security, and scalability. If that’s true, then it’s arguable that ICP is not even competing in the decentralization leg of the race. https://youtu.be/zHl-oVPoX88?t=97
The new venture of Sebastien, Nico, and Robert Kornacki is announced: https://twitter.com/dcspark_io. That’s a hell of a team!!!!
The Cardano Subreddit hit 400k users! https://www.reddit.com/r/cardano/
Alonzo Testnet Updates. https://cardanoupdates.com/ https://twitter.com/InputOutputHK/status/1392457888636022789
IOHK drops a blog entry on the strategic partners in the Plutus rollout! https://iohk.io/en/blog/posts/2021/05/12/developers-add-muscle-to-plutus-smart-contracts-on-cardano-for-defi/
Does Elon’s move away from BTC (ostensibly for environmental reasons) hold promise for ADA? https://twitter.com/elonmusk/status/1392602041025843203
The case for Cardano to replace BTC with Tesla and beyond is building. https://twitter.com/CardanoStiftung/status/1392806669810339851 https://twitter.com/elonmusk/status/1392950720979030019
Charles makes the case for collaboration with Starlink in Africa. https://twitter.com/IOHK_Charles/status/1392916783854616577
People are starting to realize what the real value of NFTs will be. It’s not in collectibles. https://twitter.com/RaoulGMI/status/1392939118355783682
The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-05-14/
The Cardano 360 team also dropped a video with specific mid-month Alonzo testnet updates. At the timestamp in the link below the vid lays out the various test groups and when they will participate. https://twitter.com/InputOutputHK/status/1393258090703826944 https://youtu.be/5mPC4uLMdEw?t=532
We are seeing some small pools retiring. We’ll obviously see more and more of this as time marches on. But, here’s a salute to the small pools that gave it a go! This SPO also brought us poolpeek.com which we have covered here before. https://twitter.com/CardanoBudz/status/1393252321845465088 www.poolpeek.com
John O’Connor on CNBCAfrica! He gave a really good explanation of how Africa with it’s already very high adoption of mobile payment wallets can leapfrog the legacy payment systems currently in use in more developed countries. He also reiterated that Cardano will expand to five countries this year and 20 next year! https://youtu.be/RET8hIQQLUA
This tweet by u/TheADAApe pretty much sums it all up. When people ask me how I knew, I’m going to point them to this post. https://twitter.com/ArmySpies/status/1393606491110662146
To hear about something truly good happening in the Cardano ecosystem check out this interview with Mickey Watkins, CEO of World Mobile, on the Hotel Cardano podcast. Really good details on World Mobile's connecting the unconnected in sub-Saharan Africa! https://youtu.be/L15bn_b2moA
What if these two got to talking about what Atala Prism could bring to the table for students in the city of Miami? https://twitter.com/IOHK_Charles/status/1393574632305868805
The saga of BTC maximalists being angry at Elon continues with Elon implying that Tesla could sell its BTC while Cardano continues just doing its thing like normal. https://twitter.com/elonmusk/with_replies
Likewise, Marc Cuban tried to FUD real world use of Cardano only to be confronted with a giant infographic of use cases and partnerships along with an explanatory video just for him. https://twitter.com/mcuban/status/1393646131708665858 https://twitter.com/IOHK_Charles/status/1393689887648272384
Initial Stakepool Offerings (“ISOs”) are here. Crypto is no stranger to novel means of capital formation and now the Cardano ecosystem is getting in on the action. Here is SundaeSwap’s explanation of how ISOs will work. https://sundaeswap-finance.medium.com/iso-sundae-with-the-works-c5c335101ef5
ICYMI, Manuel Chakravarty reminds us all that his Cardano Summit 2020 talk is publicly available for questions on native assets. Really interesting discussion of the asset identifier just being a hash of the policy script and how that helps create a super lightweight easy to use system. https://twitter.com/TacticalGrace/status/1394263629088923649
Elon confirms that Tesla has not sold any BTC. https://twitter.com/BTC_Archive/status/1394051036462071808
Charles makes a whole video about how to fix Doge. https://youtu.be/iQd9XjEm8EE
The Ecosystem is getting even bigger every day we inch closer to Alonzo! https://twitter.com/TyIsDigital/status/1394345977952284676
The Cardano Foundation is out to do something incredible with supply chains as described in the fireside chat! In his previous Cardano Live appearance, Frederik Gregaard, CF CEO, also expressed a very healthy and sustainable perspective on what DeFi should become. He compared the current state of DeFi to just moving funds from your left pocket to your right pocket and taking profit. https://youtu.be/d8uPMZplfeM https://youtu.be/xbMSQUA1lss
The ISO model entering the capital formation toolbox in Cardano is going to make the stake pool game extremely interesting with SPOs scrambling to find the right balance between rewarding ADA and giving their delegators other things like tokens. Some stake pools could even become like portfolio funds with relationships with many different projects the tokens of which are given to delegators. Babel Fees could also play a role here for smart SPOs as they may allow access to a wide variety of tokens in the ecosystem that could be used to reward delegators with a sort of index fund exposure to a wide variety of Cardano projects.
May Cardano 360 coming one week from today (always the last Thursday of the month). https://twitter.com/InputOutputHK/status/1395117067960045569
New delegations from IOHK are out. Congrats to the selected SPOs. https://twitter.com/InputOutputHK/status/1395087751746310156
The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
The Cardano Foundation has released the full video of the Fireside Chat with Eva and Fred. Lots of questions answered on a variety of fronts. Very interesting remarks including that in discussions with financial institutions, Fred has found they are interested in exposure to the alpha provided by the asset class in general, tokenization of assets, and the yield provided by staking rewards. Fred counters that they SHOULD be far more interested in the Cardano standard including the concepts of reference accounts, programmability of money, and transaction metadata. https://youtu.be/JW6s9Jkyazg
In a video press release yesterday, the Fed finally admitted that it’s moving toward a central bank digital currency (just like every other central bank). This will eventually be impactful on Cardano and every other crypto ecosystem. https://youtu.be/WOAQxpG79Ag
The Treasury is trying to figure out how to get cryptocurrency regulation in a headlock. This will probably go hand-in-hand with the Fed’s March toward a CBDC. Afterall, what good is all the tracking and monitoring afforded by a CBDC if it’s easier for everyone to just use a non-central bank digital currency? Tax evasion in crypto is also obviously a target problem since we know only about 800 people a year paid taxes on crypto in 2013-2015. https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf https://www.businessinsider.com/bitcoin-taxes-overview
Charles has now added the Jack Dorsey edition to his series of “Let’s Educate Crypto Adjacent Celebrities” videos. https://youtu.be/lMZ1xQzWtl4
...and still...KINGS OF THE GITHUB! May our reign never end. https://twitter.com/ProofofGitHub/status/1395771379929255945
Some banks still won’t allow customers to buy crypto with their accounts. In 2021, this is still a thing. https://twitter.com/CryptoCardano_/status/1395933037192437763
Even the Pope is condemning Proof-of-Work? At least, that’s how the crypto community took a recent tweet. https://twitter.com/Pontifex/status/1394993742226939905
Apparently, you can now have your own Stakepool run for you for $122/month in a Stakepool-as-a-Service arrangement. https://twitter.com/ChrisGraff/status/1396169061487333380
If you want to see how the Cardano NFT space has been heating up, you can check out CNFT resale listings at Lovelace Marketplace. https://lovelacemarketplace.io/all-categories/
Ethiopia awards new Telecom license as promised. The winner, a consortium including Vodafone, Safaricom, and Sumitomo; will invest $8 billion in their network in Ethiopia in the next 10 years and will cover the country in 4G. https://www.bloomberg.com/news/articles/2021-05-22/ethiopia-awards-new-telecoms-license-to-vodafone-consortium https://twitter.com/AbiyAhmedAli/status/1396060475184533505
Check out this new infographic explaining how World Mobile Works! https://blog.worldmobile.io/post/how-world-mobile-is-connecting-the-unconnected-infographic/
Cardano hits 1MM wallets! https://twitter.com/Cardano/status/1396331888093061121
Set your calendars! The May Cardano 360 is this Thursday! https://twitter.com/Cardano/status/1396331908632653830
Charles releases a 90 Day Countdown to Alonzo video. https://youtu.be/u6negi1yAQQ
Institutional inflows into Cardano get some coverage by the crypto press. https://cointelegraph.com/news/cardano-sees-largest-weekly-inflows-from-institutional-managers-coinshares
Charles and Kim Dotcom have a conversation about PoW miners possibly fleeing China with all of their hardware. https://twitter.com/KimDotcom/status/1396964996693708801
Cardano gets a little coverage on NBC for it’s energy efficiency. https://www.nbcnews.com/tech/tech-news/cryptocurrency-goes-green-proof-stake-offer-solution-energy-concerns-rcna1030
Plutus Pioneers Lecture #7 is out. https://youtu.be/_EDJt55vOB0
Yesterday was ADA Payday with the end of Epoch 267. I hope everyone made lots of sweet delicious staking rewards! https://adapools.org/epochs
Paypal moving away from the “walled garden” model. This is decentralization teaching the legacy institutions a lesson. https://www.coindesk.com/paypal-will-let-customers-withdraw-crypto-exec-says
Charles is interviewed on Yahoo Finance where he explained: 1) how the lack of an obvious decentralized governance system in ETH and BTC will cripple their efforts as they attempt to scale and the founders/core developers start losing prominence, 2) the ADA EUTXO system is vastly more scaleable with it’s local state being so much more amenable to sharding than ETH’s global state system, 3) Cardano has a high willingness to bring on users in hypergrowth areas like Africa where ETH seems to have little interest, and 4) ETH does not seem to be as highly concerned with interoperability which might become highly valuable in the future. https://twitter.com/YahooFinance/status/1397593275826151424
Cardano 360 is tomorrow. Don’t miss it if you want to hear about all the awesome things happening with Alonzo (smart contracts), Hydra (scalability), and everything else! https://twitter.com/InputOutputHK/status/1397549347592675338

~Army of Spies