Thursday, July 15, 2021

Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial?

https://preview.redd.it/qlcjjkq0zhb71.png?width=940&format=png&auto=webp&s=ecd42da26f4c911662a800d8ff1cdeeaa858b321

With government officials trying to clean up the image of China prior to the start of the Winter Games, miners are leaving in droves and media group Bishijie has been forced to close down.

It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of earlier national policies being enforced at a provincial level. The latest example was from the Anhui provincial government, as it announced a set of measures to reduce energy consumption, with cryptocurrency mining listed among the culprits. Anhui is a small province east of Shanghai, more known for its scenic rural landscape and agriculture than its contributions to the economic development of China. It’s likely other provinces, particularly ones that rely on coal for energy, will have similar announcements over the summer as the central government pushes for a carbon-neutral future.

On July 13, Chinese mining pool giant Bit Mining announced it had raised $50 millionfor expansion outside of China. The company is listed on Nasdaq and operates BTC.com, which is currently a top 5 pool for Bitcoin, Bitcoin Cash, and Litecoin. This is another sign that Chinese mining companies aren’t giving up in light of the restrictions at home, instead choosing to relocate the data centers and mining machines abroad.

The disappearing industry left a trail of impressive photographs, including some published by Financial media Caixin. One image that grabbed the attention of social media depicted a woman who appeared to be an ethnic minority holding a bundle of mining equipment and power cables like a flower bouquet.

Going for gold?

Former Bitmain CEO Jihan Wu believes that the mining regulations will benefit the industry over the long-term, citing an improved public image and eradication of bad actors. It’s certainly a nice thought, but at the moment, China seems more intent on eliminating all actors, not just the bad ones.

With the upcoming Winter Olympics in February of 2022 looming, Beijing will have the perfect opportunity to show off clear blue skies and clean-energy industries. On top of that, China can showcase its state-of-the-art central bank digital currency, without the confusion stemming from more speculative digital assets that might appear to have similarities on the surface. Those with first hand memories of the 2008 Summer Olympics may also remember the strict regulation against technology and social unrest prior to that landmark event.

Lowest volumes in years

The impact is being felt by leading exchanges in China. Huobi’s BTC/USDT pair saw only 109K BTC transacted in the past week, the lowest weekly volume dating back to October of 2018. Global exchanges were also affected by slumping volumes, but not to the degree as these predominately Chinese exchanges. In today’s regulatory climate, there’s no doubt that exchanges proactive in decentralizing operations and risk are better poised to minimize damage from unfavorable policies.

Working together for compliance?

On July 13, the Nanjing Public Security Research Institute announced it was working with OKLink to combat money laundering. OKLink is a blockchain technology firm that has ties to OK Group, a company that used to manage leading exchange OKex. With exchange leadership under incredible scrutiny in 2021, there is no surprise in seeing attempts to placate regulators.

Abandoning ship

On July 15, cryptocurrency media company Bishijie announced it was shutting downafter violating national laws against cryptocurrency. Bishije, which translates to Coin World, had enjoyed a lot of popularity in 2018, prior to the depths of the last bear market cycle. This recent bull cycle never saw it fully recover it’s previous position however, making this only a minor loss for the current cryptocurrency space. It remains to be seen whether other media platforms based in the mainland can survive this trying period of time.


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[Table] Hello Reddit, I'm Garry Kasparov, former world chess champion, tech optimist, and an advocate both of AI and digital human rights. AMA!

Source

For proper formatting, please use Old Reddit

Rows: 53

Questions Answers
E4? ..c5!
Mr. Kasparov I had the pleasure of losing to you at a Simul at SXSW in 2019. Personal chess highlight. Anyway I was curious about your thoughts on whether the right to privacy can really exist in the age of big data and big tech. It seems like Facebook knows so much about people who don't even have accounts. And everything online is tracked, made into a commodity, and sold. Will privacy exist in 20 years? Yes, but not in the sense we understand it today. I wrote about this a lot in my Avast blog, looking at the history of tech and privacy going back to the telephone. We have to watch the watchers, which is still possible in a democracy. And keep in mind the greatest threat is how comfortable we are giving away all our data in exchange for convenience, not a nefarious company or KGB stealing it. You use your face or fingerprint to open your phone!
We can acknowledge, but also mention that there is light on the horizon, with GDPR, CCPA in California introduced - these are good developments, and it is important we are continuing to have a privacy debate, so ultimately, in 10 or 20 years, privacy protection may actually be stronger than it is today, as we are still in the rather unregulated beginnings of the social web. It's a constantly shifting landscape of tech advance and regulatory and social norms.
What should us (regular netizens) be aware of when it comes to cyber security? And in what sectors is the need for cyber security most important, in your opinion? That you have a responsibility not only to defend yourself by being alert and following best practices, and what I call "digital hygiene." Most people know what they shouldn't do but don't follow it, sort of like a diet! More broadly, that as a citizen you have a role to advocate for security, privacy, and everything. Big companies and big government are eternally pushing and pulling, and regular netizens influence them both as consumers, social media users and, if you’re lucky to live in a democracy, as voters and activists. Speak up with your habits, your money, and your votes.
Trust is the biggest issue, and people are already complacent about things like bank fraud and hacks of credit cards, identity theft, etc. The problem is we need to have trust in our democratic processes and those will be increasingly part of the online world, so security has to be both good and trusted. For example, in the US, election security is excellent, but it was still easy for Trump to convince tens of millions of people it isn’t. So it’s not just a cybersecurity problem, it’s a cybersecurity communications problem. Also true of any crisis, like the pandemic.
What's something important you changed your mind about recently? Edit (3 days later): Kasparov has said this same thing for years. Did he ever believe differently? I've never heard him acknowledge the potential risks from advanced artificial intelligence, that even in the hands of good actors sufficiently advanced AI poses risks to all of humanity. That “boring”, practical AI is possibly more important than all the moonshots and sci-fi stuff that makes headlines. I still believe in ambition being a key to success, but we’re missing that AI is already here, already improving our lives, not becoming Terminators or wiping out jobs. Automation taking jobs is always a challenge with tech, but it creates jobs, too.
Are you pessimistic or optimistic about the future of Western liberal democracies? What is the greatest threat to liberal democratic values at the moment? Thank you for your great work defending liberal freedoms and human rights! I'm optimistic though admit the trend is not good. As I wrote in the Economist recently, the dominance of radical voices over the "moderate majority," amplified on social media, etc. is a serious threat. Democracy requires trust and compromise, but we're moving away from that to trolling and shouting from the fringes. They are abandoning the democratic norms and shared trust in the system, while moderate politicians are too feeble to resist these attacks from all sides. We need our processes to catch up or they will be overwhelmed by the speed and responsiveness of private online platforms that don't care about the common good at all. https://www.economist.com/by-invitation/2020/10/12/garry-kasparov-on-the-need-to-improve-our-politics-with-technology
1. Could you have beaten Bobby Fischer if both of you were in your prime at the time of the match? 2. Do you think the world chess championship format should be changed so that it’s more about playing for the win rather than playing for the draw? Thanks, you absolute legend <3 No interview could be complete for years without this one! I don't like these "time machine" questions because chess evolves and players learn and improve, especially across several generations. Fischer was a titan, ahead of his peers like no other before or since, but still knew less about chess than elite teenagers today.
As for changing the World Championship format, I don't see how. I like matches as the best way to determine the champion, and you can't eliminate draws without changing the rules of the game.
Do you think current era chess champions like Magnus have the staying power to match or exceed your time as champion for 20+ years? Highly unlikely, although Magnus clearly has the requisite talents of creativity and discipline. But elite chess keeps getting more competitive, with more players from more places, more events, as well as more distractions and opportunities. I was 42 and still ranked number one when I retired in 2005, feeling like I had no more to achieve in the chess world. 10 more years is a long time, but if Magnus stays hungry, and it is still making him happy, perhaps with the rise of a top challenger to keep him interested, he might. But the pace of change is his enemy so I'm skeptical.
How did the USSR as a nation state supported you through your rise in the chess world? Do you reckon that if you were born in other country you would have had the same success? Read your book How life imitates chess. Quality read Thanks, it's a good book! The USSR considered chess a way to promote the superiority of the Communist system, and I benefited from that emphasis, as did every Soviet player. We had conditions for training and competition that were unmatched elsewhere. Mostly, though, it was that chess was everywhere and so the top talents were discovered and promoted efficiently. There's talent everywhere, but not opportunity.
Do you think your great rival, Anatoly Karpov has somehow become underrated in the pantheon of greats? Everyone talks about you, Carlsen, Fischer, rightly so but Karpov is sometimes the forgotten man. His career speaks for itself but maybe he not having any connections to the West or being reserved by nature or not having a hollywood story like Fischer did kind of works against him? Like to know your thoughts? Karpov had his glory in the USSR and currently enjoys the favor of Putin's Russia as well. I don't think it's a coincidence that such renown comes at the cost of a more global appeal.
You often talk about the benefits of technology and advances in complexity and effectiveness of our algorithms. Are there any applications of new technologies, specifically in the field of machine learning, AI and algorithmic decision making that you believe pose risks to democracy, when in the hands of either dictatorships or by accident in the hands of corporations such as Facebook, Twitter etc? First, don't blame technology! Humans will always have the monopoly on evil, so we have to make sure we are holding people accountable, that the chain of responsibility doesn't end at a black box of algorithmic decisions. We create, we choose, we are responsible. And that means holding bad actors or exploitative companies responsible for any threats.
Hi Mr Kasparov! Given that people already cannot agree on basic reality, do you see any hope for us once deepfake technology becomes commonplace? What is to stop dictators or even less scrupulous political parties using made up video to justify all sorts of humanitarian rights infringements? If the only way to prove a video is fake is in any way technical, we can surely expect "fake news!" From anyone who disagrees... Anything we can do or hope for? Tech is a sword and a shield, and with Avast I'm on the shield side! It's always this way, tech threats come early and it takes longer to develop defenses than to create weapons. Remember when email spam was going to be the end of the internet?! As usual, it's not about trusting tech, it's about transparency and trusting the people who watch the watchers.
Deepfakes are a risky development, and how common deepfakes will become greatly depends on how simple it will become to create them. Once the process of creating deepfakes becomes simpler, we could see an uptick in the number of deepfake videos produced.
On the other hand, cybersecurity companies are enhancing their detection techniques, such as inspecting metadata to determine whether a video is real or a deepfake. For example, researchers are now working on the possibility to compare natural video recordings of a real person with deepfake videos, and can determine if mimics are not typical for a person, so might have been faked. Of course, deepfake creators will improve their capabilities, too, and it will be a cat-and-mouse game like we see already in the cybersecurity field today.
In the hands of a dictator, deepfakes can be worrying, and what we need, besides technology that can detect deepfakes, will be consumer awareness and education so people understand that online content cannot always be trusted.
While you are well known for your fight against Deep Blue, I found "Kasparov versus the World" a lot more interesting. Do you think there is a lot of research and systems to be developed to allow humans to collaborate that way just as they did in this match against you ? Great question, and while the "wisdom of the crowds" isn't really so effective in expert systems like chess, it was a pioneering experiment in real life for crowdsourcing and combining human and machine thinking and coordination in real time.
Did you watch the Queen’s Gambit? What did you think? It’s as authentic as I could help make it! I was a consultant on the show, creating many of the important game positions as well as on making the tournament scenes and Soviet scenes as realistic as possible—although of course some Hollywood drama was required. It was a lot of fun, and seeing it become a huge success for showrunner Scott Frank and star Anya Taylor Joy has been great for chess. I wrote in TIME that Beth Harmon has probably done more to promote chess than all the real world chess champions combined! You can find my conversation with Scott Frank in my Avast video series here: https://www.youtube.com/watch?v=HgJMifR8F9k
the below is another reply to the original question
He gets asked this in every single podcast and interview lol. He likes that it accelerated the growth of the game. Every. Single. One. (But yes, it's been great for promoting chess, so I cannot complain.)
the below is another reply to the original question
Dude, he fucking created the game for the final episode. EDIT: he picked a game and modified it a bit AFAIK Thank you for answering for me so concisely! Lol.
What do you think of the evolution of chess from 2000 to today? How do you think it’ll evolve in the future? Players get better, we understand more, it goes on forever. The game isn't going anywhere, it's more popular than ever, and people will always want to know who is the strongest human so machines aren't going to "kill" it or whatever. People still hold their breath when the 100m dash is run, or even the marathon. It's about human competition and spirit.
Who is the nicest chess player you've met? Also, what is the best advice you can give to new chess players? Thanks Nicest? Not something I paid much attention to in my playing days! But for friendly I would pick out Mikhail Tal for sure. Today, Aronian always has a kind word and smile.
Best advice is to play. Many new players get obsessed with studying or reading about chess, which can be like reading books about dancing to become a good dancer. Players play!
I follow your activism in twitter regarding russia's political problems and it's really eye opening. But as an Iranian since we have many similar problems with our dictator regime, What is your take about giving platform to Iranian heads of states (mullahs) while many of us ( anonymous account) get banned in twitter? P.s. twitter is banned in iran. And we as Iranian opposition fear for our lives thats why we are anonymous. It's a joke, and I've written as much many times. US platforms suspend or block US figures for terms of service violations but give platforms to the most brutal dictatorships. It's not just hypocrisy, it's dangerous.
Hi Gary ! What would you say are the most common misapplications and misunderstandings of AI by humans, both in chess as well as outside of it? To pick the biggest one, it's that AI is a threat instead of a powerful technology like any other that is agnostic, and good or bad depending how we use it. It's a very harmful outlook, because we need to be more ambitious and more optimistic so we invest more, learn more, and get the benefits, not just suffer the slow-moving consequences of disruption and automation.
What is your opinion of Chess960 or other variations of the game? Which is your favorite, or which looks like the most promising for the future of chess? It's great, if I have trouble calling any variant an improvement on the real thing. I like openings and the rich history and work involved in researching improvements in the opening phase. It's a vital part of the game. But Chess960 is fun and fresh and a welcome addition to the chess world.
If you can't beat them, join them : how? What can we do to improve our relationship with AI or social media in a way where we regain some agency in the relationship? What is the biggest misconception or little known fact that could help people participate more in the development of AI or social media, especially in regards to the many direction(s) it can develop? Start with an injection of reality, that it's not "Us vs AI", it's people on both sides. There is no "AI ethics", only human ethics using technology, whether it's a hammer or a gun or an internet connection or a self-programming algorithm. Insisting on human accountability is the key to keeping AI under control. There's no "the algorithm did it", that's a cop-out and a dangerous one.
Hi Mr. Garry, I want to recall your match against Topalov in 1999. With all due respect, have you really predicted all the moves before capturing the rook on h8 ? Yes, I had to see the rook was hanging on h8 to play it. The moment I played 24.Rxd4 I visualized the position after 37.Rd7. Not every single move or variation between, of course, but that final key moment came to me like lightning.
How do you think the chess decision-making of current top grandmasters compares to the great players of the past? For example, if Magnus and Botvinnik played a chess match where they were both placed in a bunch of late middlegame positions where white and black are totally equal, who would win more games? Always bet on the later generation in these hypothetical matchups. Knowledge increases over time, the game gets richer and the players get better. Aside from a few technical endgames perhaps, everything is connected to that expanding base of knowledge and understanding.
Hi Garry - what benefits are there for AI to the huge amount of personal data amassed and processed, and what threats might it pose? This is a good example of the two-sided sword of most modern connected tech. AI is incredible at finding patterns in data, and we can use this to improve everything from radiology to traffic to education. For AI to work, it needs to be fed with huge amounts of data, to learn about human behavior and act based on this. While this offers many opportunities for us, companies and developers behind AI technology need to act ethically, and that means the data they process and use needs to be protected. We need transparency on how data is collected and how it is used to create trust and security for the user, and this is an essential field of research in science and businesses at the moment, so we can profit from AI instead of being exploited by it.
What is your opinion on the implications of Putin’s clear abuses of power regarding Alexei Navalny, and what do you believe the next 5 years will entail for the russian political atmosphere? Navalny is a political prisoner. The implications are that Putin will do whatever he wants to anyone as long as no one deters him. The bad news is that I don't know what will happen with Putin in five years or five months. The good news is that he doesn't know either!
Is it true that you believe in the New Chronology theory, that the very existence of the middle ages is a conspiracy? If so, why do you think mainstream historians have got it so wrong? I believe in questioning everything and in evidence, and agreed with some of the New Chronology’s critiques of how thin the evidence is in some areas of the standard chronology of ancient civilizations and the Middle Ages, which are often based on a singular disputed account or object. But there’s also much to it that is pseudohistory and mythmaking, which just repeats the mistakes of traditional history, so I don’t think “believer” and its unempirical connotations describes me accurately. I would connect things to today, when fake news is everywhere and groups constantly want to rewrite history books, from Putin rehabilitating Stalin or various groups revisiting the entire history of the founding of the United States. History belongs to the present, so we must question.
what is your opinion on Kaspersky (the company)? Are they doing good work on cyber security or are they now just a tool controlled by Putin and his mafiosos? I'm representing Avast, so it doesn't seem right to criticize a competitor! I will say more generally, so it includes for example China's Huawei, that there is no such thing as a truly private company in an unfree state.
Are you aware / have you seen Fredrik Knudsen's video essay regarding the history of Deep Blue (and by extension, your association with it)? No, I haven’t seen it. If there are any revelations that I didn’t include in my 2017 book Deep Thinking I’d be surprised. Maybe someone can tell me if there are.
Hey Gary! What is your greatest passion besides chess? Greetings from Austria :) ​Chess is a jealous mistress! No insult to my wife and family, who are of course my top passion, but no I don't have any other big objects of attention other than consuming information.
Did you know that in /r/AnarchyChess you are known as "Garry Chess, the inventor of chess"? I have long ago given up trying to keep track or understand all the memes with my name or image. Eventually they will be better known than I am!
Have you ever had any issues with the KGB? Maybe particularly around the time you played Karpov? All my life has been entangled with the KGB, from my days as a Soviet player traveling abroad and facing a Soviet favorite in Karpov to my work as a pro-democracy activist.
What was going through your head when you lost the match to Deep Blue? Were you excited that technology had advanced that much or were you more worried about what this could mean for the future? If you watch the video of my resignation you don't need much imagination to know what was going through my head!
What does Vladimir Putin's recent treatment of Alexei Navalny tell us about Putin's position at the helm of Russia? That Putin is terrified of his own people having any say in their future, as all dictators are.
What is your favorite thing to eat for breakfast? Coffee! (Regular milk, please, no funny stuff.) Yogurt with honey, with walnuts. A far cry from the heavy regular breakfast of salmon and bread in my younger years!
In your opinion, what is the most underrated chess opening in top level chess? Nothing stays underrated for more than a moment in elite chess.
How's living in Croatia? Wonderful, in NYC right now but looking forward to heading back to the Adriatic shores in the summer!
My first question is about leaks. Obviously, our rights are negatively affected when law enforcement or other security services spy on us and retaliate based on what they see, but how do we prevent say insurance companies or ISPs from spying on us and leaking their observations through data breaches, given that many companies have legitimate reasons to keep tabs on customers. My second question relates to the topic of “Golden Visas” and how that affects the stability of kleptocratic regimes. I know some like Twitter’s u/cjcmichel oppose Golden Visas as they see them as allowing kleptocratic networks to find safe-havens and make connections without democratic countries. As someone who supports a dramatic expansion of these programs, I see them as a way to undermine autocratic regimes by draining the regimes of the money they need to survive and putting people like Khodorkovsky outside the reach of their governments where they can safely organize opposition activity. What is your opinion on the matter? There are two main ways we can help protect ourselves from these kinds of risks when it comes to private sector misuse or overuse of personal data - through legal protections and through technology. Neither approach alone is likely to solve all the potential privacy risks, but together they can tackle a lot of these issues. On the legal side, just in the same way there are and should be limits on how law enforcement and surveillance services monitor you and collect your personal data, there are rules about when and how private enterprises, such as insurance companies or ISPs, can collect and use this data. The rules are stronger in some places than in others, but overall there seems to be a trend across the world towards stronger protections for people from these kinds of risks. Legal frameworks like the GDPR in Europe put limits and obligations on these enterprises, so that they have to demonstrate a justification for why they collect this data, they have to make sure it is proportionate and necessary, they have to tell you about it, and they have to keep it secure. Just because they may have a legitimate reason, doesn't mean that they don't have limits and responsibilities. If they fail to meet these obligations then there can be serious penalties. On the other hands, these rules do vary from place to place, and cannot be enforced all of the time, so people need tools available to them to allow them minimize the risk that companies will collect and may lose these data in a breach or leak. People increasingly use tools like VPNs, secure browsers, and extensions or software which helps further obscure their digital footprint. Together, this mix of regulation, rights, and democratized tools can help people navigate the online world safely - and hopefully this also sends the signal to businesses that customers expect better when it comes to digital human rights.
As someone whom believes deeply in technology, do you believe in Bitcoin? Very much so. It's a way to wrest some control from big tech and government bureaucracies. It can restore some balance by giving power to "plain folks." Cryptocurrencies are a bit of the wild west now, so I understand it can look dangerous and confusing, but I'm convinced they are only going to become more important and powerful and in a way that is positive for individual freedom and society.
Garry - As a casual chess player, I find the first 3 - 4 opening moves to be very boring and predictable. A mere formality to get to the real action when pieces are in better position. I play it safe with the 'Sicilian defense' against good players or attempt a 'fools mate' against a novice player. Suggestions for how to make the opening game more exciting and fun? Don't play any opening moves you don't understand! This is a point I wanted to emphasize when overseeing training materials for my new Kasparovchess site, that casual players can worry too much about opening moves, theory, names, etc. Just develop your pieces normally, control the center, and castle and don't blunder anything. Get to the fun part, the attacks and defenses. When you aren't winning or losing because of tactical blunders anymore, then you can start indulging in openings to get the sort of positions you like, etc. I love openings and theory, but it's mostly a distraction for casual players and beginners who just need to follow the basics and play as often as possible to let their own mistakes be their best teacher.
Google has demonstrated their lack of ethical accountability when it comes to AI with the pushing out of Timnit Gebru. From your perspective, what ethical stop gaps need to be implemented in AI to ensure that global corporations are held accountable to the programs they are developing? If you're unable to answer that one - what are your thoughts about AlphaGo and how do you think AI can help improve society? You must separate things. On one hand, programs to advance their business agenda and more theoretical algos that can apply to anything. The "ethical gaps" aren't in AI, they are in the humans who make it. It's like yelling at a mirror because you don't like how it looks. Hold people responsible for bad outcomes and you will get better results. If no one is held responsible, it will be abused. AI is a mirror, but mirrors are useful to finding our flaws. AI can reveal patterns and biases, and many things we can improve on usefully to make a more just society. We just have to remember that it reflects our biases too, if we use it unwisely.
Hi Garry! What's your biggest regret so far in your career? Two answers. One, that I am very happy with my life now so having regrets seems wrong, because if I'd done things differently I wouldn't have the same life now. You can learn from your mistakes without living in an alternate universe. More specifically, I've always said that breaking away from FIDE in 1993 was a mistake that was bad for the game.
How long do you think we have until with have AI that's on par with human intelligence? AI and human intelligence are awkwardly juxtaposed thanks to a century of sci-fi and robots. But it's not useful to think of them as similar. AI is just a set of powerful tools to make our lives better, which is why I prefer to call it "augmented intelligence." AGI, or "artificial general intelligence" is not in range at all and talking about autonomous or "conscious" machines is really a distraction, or for philosophers. Interesting, but not practical.
You’re the Chairman of an organisation called the “Human Rights Foundation”. Given the horrific scenes currently taking place in Palestine, I did a quick Twitter search and found that the HRF has remained completely silent, having not mention Palestine or Gaza once since 2012 (the only time they’ve ever mentioned Palestine or Gaza). Does it concern you that the HRF is only interested in talking about human rights abuses when they fit the agenda of its wealthy right-wing founder and CEO? Without entering into a shouting contest on current events, I will push back on your mistaken accusations about HRF's mandate. Unlike most human rights groups, HRF goes after any authoritarian regime regardless of ideology or alliance. From China's genocide against the Uygurs to Saudi human rights violations or LGBTQ+ abuses across several nations in Africa. We work directly with dissidents. From Belarus to Zimbabwe, we stand for rights and individual freedom and do not play favorites. I'm happy to defend our unbiased record, the best of any such organization, and I encourage you to visit our site and watch our incredibly diverse speakers at the Oslo Freedom Forum.
Hey Mr. Kasparov, what did you think of The Queen's Gambit on Netflix? Is that authentic to the experience? It’s as authentic as I could help make it! I was a consultant on the show, creating many of the important game positions as well as on making the tournament scenes and Soviet scenes as realistic as possible—although of course some Hollywood drama was required. It was a lot of fun, and seeing it become a huge success for showrunner Scott Frank and star Anya Taylor Joy has been great for chess. I wrote in TIME that Beth Harmon has problem done more to promote chess than all the real world chess champions combined! You can find my conversation with Scott Frank in my Avast video series here: https://www.youtube.com/watch?v=HgJMifR8F9k
AI sentience? When AI becomes sentient it will tell us!

Scammed out of a product. Purchased one product and have been told I'm not eligible anymore.

2 weeks ago I purchased an anniversary NFT mystery box. from Crypto.com. They were advertising this box as offering 1/10,000 people the chance to win a whole BitCoin and other cash crypto-related prizes.

I purchased a single box valued at $10 and started the waiting process before I could open it.

Important note: With this anniversary event people need to wait 2 weeks before the prizes are allocated. This gives the drops time to accumulate value amongst the trading market. This also means that the staff behind this whole project had 2 weeks to inform people about the following.

So Today the prizes were supposed to be allocated. Apparently,e they have been and people will need to wait until the end of the month at the latest to receive their actual prize. Looking through their discord server I noticed people talking about how they linked their accounts at the last moment and how they were lucky they did.

After asking around I found out that Crypto.com had snuck in some extra "requirements" into a blog post under a "Notes" section. The important extra requirements are as follows:

  • Users must complete KYC verification for your Crypto.com App account.
  • Users who fail to connect their Crypto.com/NFT and Crypto.com App accounts before 15 July 2021, 21:00 PM HKT will not be eligible to receive the reward.

I've messaged some of the staff to ask about this and been told the same thing. Because I didn't link my account before the deadline I can't get my reward.

Nowhere in the product listing, order confirmation or the terms and conditions does it say that you need to meet these requirements.

My question is, are Crpyto.com allowed to just kick me out of the competition even though their "requirements" were only ever mentioned on their own blog and never actually attached to the T&C's or anything relating to the product?

How was I along with anyone else who didn't read their blog supposed to know? I cant use something I purchased now because of a social media post.

Tl;dr: Essentially purchased a competition entry and have now been told because I didn't follow the "requirements" on a blog post I cant receive my reward. The blog post was in no way mentioned anywhere on the product page/confirmation/email


Considering using Lightning Network; New Questions

TLDR

Long time buyer, holder, and user of Bitcoin (since 2015). Absolutely zero experience with Lightning Network. I've read some entry-level tutorials but still have basic conceptual questions regarding funding, capacity, revocations, etc.

Hypothetical Situation

Let's say I run a gambling site. All business is conducted in BTC. More and more customers are asking that Lightning Network be made available to facilitate quick and cheap deposit and withdrawal of funds.

Where do I connect for maximum reach?

The tutorials always seem show to show two parties, Bob and Alice. They open a "channel" using a funding transaction. The example then typically adds in a third party (e.g. Festus) and says something along the lines of "and look, Bob can pay Festus through Alice."

The implication seems to be that the network size could become enormous, to the point where anyone can pay anyone because hey, every Bitcoin user is inevitably connected by only a few degrees of separation on the network.

But this doesn't really answer the question of to whom I, as a brand new user, should connect? I could connect to you, I guess. But maybe you're a new user too and have zero other connections. Do I connect to some sort of hub? Guess that would work but doesn't that make things overly centralized?

As a site owner (see hypothetical above), is it best for me to act as a hub and open a channel with each of my users, which means I'd have thousands of channels open? Or is it better to make a single connection to one really popular, well-connected dude? Seems like the latter, but which dude? How do I find him?

Do I always have to be online looking for cheats?

Ok, so I get that my LN peer can try to cheat me by broadcasting a settlement transaction of a prior balance state that's more advantageous to him. And I also know that his cheat TX settlement won't clear for twenty-four hours, giving me time to broadcast a "revocation" TX that settles everything in my favor instead. This is what dissuades my peer from cheating.

But this also implies that my Lightning node needs to be up 24/7, or at least never offline for more than 24 hours and, furthermore, I have to be ever vigilant to make sure no one is cheating, and execute revocations if they are. Are these assumptions correct? Does the Lightning software automate the cheat-detection process for me?

How do I Add Funds to an existing channel?

It's still not clear how to add funds to a preexisting channel. I've seen some material online indicating that a third party service needs to be paid for this? I can't imagine that's correct is it? That doesn't seem compatible with the whole ethos of LN.

Using my hypothetical example. Let's say a client opens a channel with me and sends me 1 BTC. He bets on an upcoming UFC fight (Ronda Rousey vs. Oprah Winfrey). A successful bet on Winfrey pays 15x. That means in the unlikely even that he wins, I need to have at least 15 BTC available on that channel to pay him out.

How do I add funds to the channel if he wins? Or does that 15 BTC have to be placed in the channel via the initial funding transaction?

Now, if I'm servicing all users over a single channel, that's fine. But if each user has his own channel, I'd have to fund each one with an enormous amount of BTC -- despite the fact that 99.99% of my users will never even bet on that particular event at all. That would be an inefficient use of funds. I assume there's a way to add funds to a channel after initial funding, but how?

Wallet Recommendations

I'm running on Win 2019 Server and need to be able to create channels, send funds, be notified of incoming funds, etc. using an API. Which wallet should I use for this?

With Bitcoin's first layer, I have the option of either running a full blown node or leveraging a centralized service like Electrum? Does LN have an analogous situation with two different styles of wallet?


Daily BTC Analysis

With the impending expiration of a 2019 deal that saw the US debt ceiling suspended until the of July 2021 fast approaching, the issue is about to become mainstream news once again.

I mentioned we are just one risk-off event from Bitcoin trading at 20K. Will the 'US Debt Ceiling' be the culprit?

https://learn.eqonex.com/news/daily-btc-analysis-161


Asking for help in DYOR: What happens to my Nexo account if/when Tether goes bust like TITAN?

Hi Everyone, Thanks for helping find the correct sources for research. I’ve been thinking about what could happen to my account if Tether goes into a similar crisis as TITAN did a couple of weeks ago? (The TL;DR is that whales tried to cash out TITAN resulting in destabilizing the “stable coin” algorithm which caused a literal price crash to zero) TetherUSD has only 2.9% cash reserves, and as of July 15 2021, that’s 1,812,500,000 backed 1:1, the rest is in commercial papers and the company has gotten into trouble over saying it’s fully backed.

Let’s say Q4 has a crazy bull run of ETH and BTC and whales want to cash out, resulting in a similar situation to TITAN crash but with USD Tether. I know theoretically that is a very rare event - but this is part of DYOR.

What happens to the Nexo network? Will there be a freeze on withdrawals? Would I still be able to convert USDT to other stable coins and withdraw?

How much stablecoin does Nexo hold on reserve? Would there be enough USDC, Dai, TrueUSD etc for all users to convert into a backed stable coin?

This is not intended to spread FUD. I want to make sure I know my exit strategies in a volatile market: setting a stop loss and know when to transfer assets to cold storage.

I’m fairly new to crypto and I am fairly optimistic about it- however management practices of Tether remind me of things that led up to 2008 financial crisis.

I hope to stay and ride out future storms. Nexo has a good thing going. I just want to be as prepared as possible.

Thanks again!


$HoodRat | Most undervalued token with a doxed team releasing a Machine-Learning Risk Assessment Tool (RAT) to assess scams! ✅ Celebrity Endorsed [$1.2m mcap] ✅ 2 Months old ✅ Product launch in August!

The HoodRat team has been working hard behind the scenes to create a strong base and focused on the product development. HoodRat is probably the most undervalued gem in the ecosystem, and is releasing something that the whole crypto community needs.

These are the updates provided by the team (as seen on their Telegram):

The team has met and has discussed various implementations and strategies to take our project further. Not only does this comprise of the development on a technical point of view, it also addresses our marketing campaign.

  1. We have decided to rebrand our Token's name in order to facilitate the adoption and make it more suitable to the general public.

The unveiling of the name as well as the new visuals will be done as soon as it's done being re-designed, as well as the domain name being purchased, CMC/CG/BscScan/TrustWallet logo changed. This will also comprise of the modification of the How-To-Buy video as well as the previously announced promotional video.

  1. We will unveil the new name for the Scambuster tool at the same time.

  2. The website will be rebranded as well as having the final graphic charter in place. This will provide people and the team with clean Design Guidelines for further professionalism.

  3. The development of the Scambuster is advancing as expected. Currently it is functional to the bone, meaning only a command-line interfaced version exist. The next part of the development roadmap is to connect the back-end to the front-end and start developing the User Interface.

  4. The dApp page is functional, we will release a timeline as to when users will be able to connect their wallet, see their holdings and purchase Hoodrat directly on the website. A feature will also be added where it will detect how much you hold and see if you qualify to enter the Whales Club. The dApp page functionality is a part of the development of the Scambuster tool, as it is our Business Model component.

  5. A Teaser video announcing the beta release as well as the event around it (HoodRat Keynote) will be done and aligned with our marketing strategy.

  6. A beta private testing access will be opened (with marketing done for it as well, such as a contest) for a select few in order to gather last crucial User Experience information and fine tune more in prevision of the beta launch.

  7. More media will be created, with different supports which will make it easier for people to identify us, make it easier for holders to shill the project, as well as helps to improve the communications.

  8. We are in talks with several digital news outlets and will release articles as soon as the beta is out. Also in talks with a large (+1M) crypto community that charges 1 Bitcoin for a promotion on their website. Billboards are also in the plans.

  9. Dan (who is a speaker on David Gokhshtein's twitter spaces) will be presenting HoodRat as soon as our name is rebranded and the beta is out. This will be an exclusive presentation with a +200k crypto audience. Our tool is needed in the space and we will have the perfect channels to raise the awareness.

  10. Dan will also collect and get in touch with other crypto influencers as we plan to blast fully as soon as the tool is done.

  11. Our legal entity will be formed, as we are in the talks regarding statuses, equity and responsibility. This is a needed stepping stone as we can provide a greater investor confidence, provide NDAs for future collaborators and get in touch with the VC companies being interested in our project.

  12. Still inquiring on the fiat-to-crypto adoption service, which will make it easier for people to acquire Hoodrat.

  13. Our LP unlocks on November 13th, date when we can officially change the token's name (on the blockchain) and change chains as well, to steer away from BSC's centralized limitations and be more aligned with future regulations that will be imposed to us in the future.

  14. Starting today, we will re-organise the Admin and Moderating team in order to provide greater communications, as well as prepare more material which makes it easier and more structured for people to read. This is also done with the aim of reaching new communities (specific localized markets or other crypto communities). We will also redevelop our Discord, as well as making a platform dedicated entirely to developers who wish to contribute. A Medium page will also be done to increase further the need for communication regarding large updates.

  15. HoodRat will provide a contract review/Audit service as part of our project, and will be facilitated after our Beta release.

If you have any further questions, the team will be glad to answer. Thank you for your support and understanding, let's see you in the finishing line!! ❤️❤️

Rug pulls don’t only affect investors, they affect the entire crypto community. This is why we exist and what our vision is, to identify rug pulls BEFORE they happen and give investors peace of mind.

✔️ CoinGecko Listing

✔️ Stocktwits Listing

✔️ Delta Listing

✔️Doxxed Team

✔️Celebrity Endorsed

✅🧀🐀BUY HERE🐀🧀✅

https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f

🧀 Contract: 0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f

🧀 1,000,000,000 Total Supply

🧀 50% of supply burnt after adding to Pancakeswap

🧀 5% Of Every Transaction is automatically burnt

🧀 5% Of Every Transaction Redistributed To Holders

🧀Locked Liquidity

THE DOXED TEAM:

Made up of talented developers, strategists and marketers who all worked for Fortune 500 companies with over 20 years experience in the technical consulting sector, 5 years in the high-tech industry and 10 years in the financial sector.

——

Website: https://hoodrat.finance

TG: https://t.me/HoodratOfficial

Twitter: https://twitter.com/FinanceHoodrat

Twitch AMAs: twitch.tv/hoodrattoken


How to buy a Replica watch from a site (guidelines)

Buyers behavior is the action people take with regard to buying and using products. The same way when buying any item in the shop, we take all necessary attempts to verify it carefully according to desired dimensions . Similarly, buying a Rep watch needs lots of gauging.

Firstly, sign up to the rep watch selling site for example you're choosing www.jtimewatch.net and make sure you agree to the site's terms and conditions. How to choose a watch that suits you? There are an unlimited number of styles of watches and it is important to identify the look and use of your watch. Is this watch intended for clothing, sports, active or casual use. Each of the scenarios listed is different and will require a different style of watch to ensure fashion and function when wearing. So, choose wisely. Whatever watch model you want to buy, search it on the website. After you find it, email the TD on the authority contact email given there and get some information about the particular model number that you are keen on. It's not necessary the watch is always in stock so the seller will check with the factory, nonetheless, in some cases the watch will not be accessible once you have placed your order and the TD gets back to the factory. At the point when they answer that it is available, and in the event that you are truly distrustful affirm time period for them to gain from processing factory, in any case feel free to arrange, hang tight half a month for QC. After the watch selection is done make sure you ensure following things with the dealer:

Guaranteeing that you know precisely the thing you are purchasing (and affirming with the TD by PM or email that the watch you need is really available.

Perusing the vendor's agreements prior to settling the negotiation.

Carefully following the instructions under the watch before making payment.

Make sure you stand with the payment methods before closing the deal.

Make sure to ask about the return policy in case of any damage.

Make sure to maintain your patience, the site receives hundreds of order a day and it will definitely take time to deliver especially when Its out of UK or USA.

Thus, extreme end is that when purchasing another watch you need to think about its :-

i} Brand.

ii} Authority.

iii} Quality.

iv} Look.

v} Size.

vi} choosing the right store.

Please note that the payment is available with credit card, PayPal and bitcoins. Also you should likewise acknowledge that there could be customs can stop the item while crossing the boundaries If it's not too much trouble, read dealers' agreements with the goal that you realize what will happen should the present circumstance emerge.

Presently, I am certain on the off chance that you have red this article cautiously you can settle on you own choice to go with what you need.

Thanks a lot!


[Thu, Jul 15 2021] TL;DR — This is the top investing content you missed in the last 24 hours on Reddit

r/stocks

How to find professional stock analysis on the internet. Advice

Comments || Link

Should I invest in Disney Advice Request

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Here is a Market Recap for today Wednesday, July 14, 2021

Comments || Link


r/StockMarket

Schumer proposes federal legislation to decriminalize marijuana News

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Thoughts on my portfolio? I am heavy on future growth stocks that I believe will succeed like electric, solar, cannabis, alternate energy and things like esports & 3D printing. Currently have 33 companies, trimmed my portfolio down from 75 when I started last year. Attached image has the allocation% Newbie

Comments || Link

GameStop Investors Speculate on Meme Stock’s NFT Launch News

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r/investing

ASML Stock Is Up 32% in the Last 6 Months

Comments || Link

USA vs Europe vs Asia (not China) fund allocation long term

Comments || Link

Daily General Discussion and spitballin thread - July 15, 2021

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r/trakstocks

AQB- Aquabounty DD (New Claims/Info)

Comments || Link

Cathie Wood ARK Invest - Spotlight on $DKNG Draftkings & today's biggest moves and 13 new companies added DD (New Claims/Info)

Comments || Link

"Fresh steps to upgrade foreign trade" and BEST inc's chairman and CEO comments - china.org.cn DD (New Claims/Info)

Comments || Link


r/UndervaluedStonks

Corporate finance or valuation

Comments || Link

Deep value stock with earnings with CEO that was former CFO of F500 co trading at 6x adj EV/EBITDA - ebitda grew 78% last Q (and over 50% prior two quarters) that could go up 3-5x off current economic earnings Undervalued

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r/wallstreetbets

Real footage of me getting ready to trade every morning Meme

Comments || Link

See you in Valhalla boys Loss

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-99% on GME CALLS NSFW. Breadline or Lambo line let’s find out 🦍🦍🦍🦍🦍 🚀 🚀 Loss

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r/market_sentiment

I analyzed the performance of companies in the “best places to work list” over the past 10 years and benchmarked it against S&P 500. Here are the results.

Comments || Link


r/options

Cramer goes long ETSY on 6/29, I went short. Share your best trades going against Jim.

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Does anyone else selling weeklies just can't wait for Friday to come?

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Highest expected IV crushes / Lowest stock movements after earnings for next weeks

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r/pennystocks

Do penny stocks with half decent financials exist? :snoo_feelsgoodman: General Discussion :disscusion:

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Lightwave Logic LWLG - Triple Digit Potential (DD) :DDNerd: DD :DD:

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$CBDD ($.011) - $27M in revenue over last 12 months, 2 upcoming acquisitions, undergoing audit to be uplisted to OTCQB, and best of all... a current market cap of only $60M :Bagger: Bullish :Bullish:

Comments || Link


r/SecurityAnalysis

U.S. SEC charges blank check firm Stable Road, space startup Momentus with misleading claims Special Situation

Comments || Link

The bull and bear case for DiDi Thesis

Comments || Link

Disclosure Dilemma: When more (data) leads to less (information)! Strategy

Comments || Link


r/Biotechplays

Veru Inc Due Diligence (DD)

Comments || Link


r/algotrading

Are there any sites where I can find people who can write stock trading algorithms? Strategy

Comments || Link

Python backtesting which is better? Backtrader vs PyAlgoTrade Infrastructure

Comments || Link

First scalping attempt. Help needed Strategy

Comments || Link


r/Forex

Going long on this one! Charts and Setups

Comments || Link

So I have a question, why do people trade stocks more than forex? Questions

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I didn’t know if profit photos are allow but if they are I added a photo of the analysis also instead of just a profit photo. P/L Porn

Comments || Link


r/RobinHood

What happens if you deposit into your Robinhood account but fail to have that amount in your bank? Trash - Sick of this

Comments || Link

Daily Discussion Thread - July 15th, 2021

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We’ve Been Certified as a Best Place to Work, Again! News

Comments || Link


r/CryptoMarkets

This is the beginning of a new bullrun, just hodl! SENTIMENT

Comments || Link

Visa and Mastercard acknowledge partnership with Binance despite regulatory concerns EXCHANGE

Comments || Link

NY Giants Saquon Barkley has announced on The Best Business Show that he is taking 100% of his endorsement money in Bitcoin going forwar NEWS

Comments || Link



What could make the crypto market bounce back up?

Hi all,

Bit of a "not-so-hot-take", but I wouldn't mind that 100 K Bitcoin everyone keeps mentioning, in a few months. I have been invested since February, so please excuse my ignorance... Also will be DCA-ing for the foreseeable future and I am in it for the long term. Just would like to see some green in my portfolio again.

What are some of the upcoming events you are expecting/hoping to be a trigger for the market to bounce back up? Maybe you could give some examples of previous market situations, where a declining trend and negative sentiment got turned around, as an effect of some circumstances?

Thanks!


Monero --> Bitcoin technical question

This is NOT intended for nefarious purposes, just curious of technical nature of the swapping of Monero to Bitcoin because I love blockchain tech.

Simply, does possessing Monero and converting it to Bitcoin cut off the traceability of Bitcoin from say a KYC exchange to your personal wallet? Another way, does the introduction of Monero into the exchange equation "wash" Bitcoin? What are the underlying blockchain events that are occurring and does this increase the theoretical privacy of Bitcoin?

I absolutely understand that Bitcoin blockchain is public ledger, etc. and ultimately COULD be traced to your wallet if there is any historical connection between a KYC ACH-connected exchange and your wallet through the witness of multiple transfers.


P4S | PlexStory Inc| Resellers Plan | Plex Appbox | Plex Share | Google TD Shares|Automatic | website | 10GPS | Remux | 4K | Anime | Kids Tv | 27k+M | 10k+T | Automated invoice

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Join us via this website:

Services

  • Plex Share
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Library

- 10k + Tv Shows.

- 27k + Movies.

- 1500 + 4K Movies

- 400+ 4K Tv

- 800+ Anime

-Few foreign films and tv. Total around 2k ish

Payment options:

  • Bitcoin/Bitcoin Cash/Etherium/Litecoin/Dash/XRP/USDT
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  • All you have to do is just order my services like normal !
  • You buy my service for X amount and up charge it to your clients for X amount !
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  • You can sell appbox,plex shares or both as per your wish

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Cardano Rumor Rundown July 15, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. In news that could have significant repercussions for many stablecoin reliant Cardano DeFi projects, Fed Chair Jerome Powell gave some hard signals that they will regulate stablecoins in House Committee testimony. He revealed that the Fed will issue its long-awated paper on stablecoins, CBDCs, and other digital assets in September. Powell also went as far as to say "You wouldn't need stable coins you wouldn't need cryptocurrencies if you had a digital US currency, I think that's one of the stronger arguments in its favor." https://twitter.com/Nate_DiCamillo/status/1415349008034418691
  2. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  3. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016

Previously Covered but still interesting:

  1. Charles is helping to bring the cryptographer who broke SHA-1 to the University of Wyoming. The Cardano funded blockchain lab there could be on the road to be a powerhouse. https://twitter.com/CaitlinLong_/status/1398290866419105802 https://en.wikipedia.org/wiki/Yiqun_Lisa_Yin
  2. We don’t often get to hear from the engineers behind Yoroi over at Emurgo. But, here’s a podcast with Vicente Almonacid from Emurgo. Check out 12:50 where he mentions the dApp Connector (Cardano’s Metamask Equivalent). https://twitter.com/vacuumlabs/status/1397847633696280576
  3. Check out this great article from Cardanians.io on the work being done at the University of Wyoming on a physical chip for transfer of private keys in day-to-day cashlike transactions. https://cardanians.io/en/cardano-can-give-crypto-a-cash-like-experience-58
  4. Professor Aggelos Kiayias recently dropped a video explaining exactly how Mithril (apparently neckbeard dungeon master talk for elf armor) is going to allow for Perfect Cardano (ADA) wallets that combine the ease of use and convenience of light wallets with the trustlessness of full node wallets. We also learned exactly how Mithril is going to work. https://youtu.be/LhepJFCyWRk
  5. In proof-of-work, bootstrapping can be done with blockheaders. This won’t do in proof-of-stake since we need information about stakeholder distribution to confirm block validity.
  6. Mithril fixes this by being a cryptographic construction that enables a population of stakeholders to issue a signature consistent with certain constraints.
  7. For Mithril to work in proof-of-stake, it needs three crucial properties: 1) it needs to enforce a threshold ratio of stakeholders before the signature is issued; 2) the pre-signature fragments must be independently verified and subject to public aggregation; and 3) it must be efficient in the sense that the final signature is of constant size and is logarithmically dependent on the # of stakeholders.
  8. Stakeholders will issue special Mithril keys along with the normal cryptographic key material. Then at regular intervals, full nodes will test whether they can produce a pre-signature fragment. Only a random subset of stakeholders will be eligible to produce a pre-signature fragment. When a sufficient # of pre-signature fragments have been issued by eligible stakeholders then it will be possible to aggregate the fragments into a final signature.
  9. This will be a checkpoint that will be verifiable with respect to previous check points all the way back to the genesis block. Such checkpoints will be cryptographic commitments of the relevant UTXOs.
  10. Since the checkpoints will be trustless, a light client (i.e. wallet) will only need to verify the sequence of checkpoints up to the current time to trustlessly bootstrap.
  11. The ecosystem is growing so fast, it’s hard to keep up with all the projects without these infographics at this point. https://twitter.com/Dr_shwetaPHD/status/1398783893638103040
  12. Epoch 268 is a wrap as of with 22.83 billion ADA staked. https://adapools.org/epochs
  13. Check out the telegram AMA tomorrow with the CEO of World Mobile! https://twitter.com/ZwijBerg/status/1399377659105320962
  14. A very interesting stat on Cardano user growth. https://twitter.com/cex_io/status/1398959088684445699
  15. More and more people in the youtube sphere are jumping on the Cardano train. https://twitter.com/techleadhd/status/1399398373384351744
  16. Reuters reports on an EU digital identity wallet project. https://www.reuters.com/business/finance/eu-step-up-digital-push-with-digital-identity-wallet-2021-06-01/?taid=60b6e171efd84f0001b64ae1&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
  17. The U.S. Currently has Issued Sanctions on Ethiopia, but they are not all-encompassing economic sanctions as with rogue nations, they have just barred entry into the U.S. for certain government personnel. https://www.nytimes.com/2021/05/24/world/africa/ethiopia-us-sanctions-tigray.html
  18. Vitalik is saying it’s highly unlikely we see ETH 2.0 before late 2022. I’m guessing that means mid 2023 which will be after two years of Cardano slaughtering the entire ETH user base. Things are looking so bad that Vitalik says he doesn’t even like using the ETH 2.0 label anymore since he knows the changes will be more incremental. This is what early capitulation sounds like guys. https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking
  19. Cardano-Nervos cross-chain bridge to be built. This would be at least the second cross-chain bridge after the Cardano-AGI bridge. https://www.coindesk.com/cardano-nervos-force-bridge-network-first
  20. And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
  21. Binance has 63 stakepools charging 6%. Please stop paying so much for the right to stake your ADA. You don’t have to pay that much. You have a huge number of better options. You are literally giving away your ADA rewards to a large corporation. It’s easy: just download the Yoroi Chrome extension, send your ADA there, and pick from the 2k+ available stakepools right inside Yoroi. https://twitter.com/BraveHeartStak3/status/1401204563189940231 https://adapools.org/groups/binance-20 https://play.google.com/store/apps/details?id=com.emurgo&hl=en_US&gl=US
  22. Charles basically just laid out what 4th Gen Cryptos are going to be all about in his video yesterday. https://www.youtube.com/watch?v=nkr1EKQrVeQ
  23. Here’s a good Emurgo blog article on the use of Emurgo Trace in the Oil and gas industry. https://twitter.com/emurgo_io/status/1402339278097502210
  24. IOHK gives us a closer look at everything being upgraded for Alonzo. https://iohk.io/en/blog/posts/2021/06/08/a-close-look-at-the-software-running-cardano/
  25. We’re currently at 71.52% of ADA staked. This is a pretty incredible ratio and shows the strength of the Cardano community. https://twitter.com/CardanoPoolPeek/status/1402378400803794950
  26. El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
  27. Cardano gets more positive coverage on the Nasdaq website with a second article following the one from April 7 earlier this year. https://www.nasdaq.com/articles/be-part-of-a-historic-crypto-moment-with-cardano-2021-06-08
  28. Prof. Aggelos Kiayias releases an article on a tri-coin system called Stablefees that could fix the problem of appreciating transaction fees in crypto. https://iohk.io/en/blog/posts/2021/06/10/stablefees-and-the-decentralized-reserve-system/
  29. The mid-month Alonzo development update from IOHK is out. Alonzo blue is in full swing and they are working on “hello world round trips” going from the node to the ledger and back. Plutus Partners (third party functional dev firms) are working on different use cases ahead of the Alonzo launch. https://twitter.com/InputOutputHK/status/1403314932968574981
  30. Miniswap gives us the dev perspective on why Cardano’s Plutus is such an improvement over Ethereum’s Solidity. https://twitter.com/MinswapDEX/status/1403411522110427137
  31. Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
  32. The Marlowe Webinar with Shruti is now available on youtube. Very interesting discussion of DeFi in general and also specific topics like “deep interoperability” in DeFi. Cardano is obviously already doing the very involved thinking about the future of DeFi. https://youtu.be/vzsUSG5CSj0
  33. John O’Connor recently tweeted about a day where he “wrote a letter to a president” and “found a million users to bring into Cardano”. Sounds like the Cardano train is rolling along as smoothly as ever in Africa. https://twitter.com/jjtoconnor/status/1402565547716399104
  34. Zach Guzman and Mike Novogratz get an opportunity to prove once again how extremely threatened they are by the fact that they can’t frontrun Cardano at this point. https://twitter.com/IOHK_Charles/status/1404100510525841408
  35. John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
  36. President of Tanzania calls on the central bank to prepare for the adoption of cryptocurrencies and blockchain technology. I wonder what crypto ecosystem already has experience working with an African government on a big crypto project and has partnered with a mobile company that is already bringing connectivity to rural Tanzania? https://twitter.com/DocumentingBTC/status/1404126444863766533
  37. Hedgefund Billionaire Paul Tudor Jones tells the world to buy crypto and certain other assets if the Fed doesn’t address inflation in their policy meeting that concludes on Wednesday. JP Morgan’s Jamie Dimon concurs that the current inflation is very likely not transitory. This could be tremendously good timing for Cardano given our top five status and the impending mainnet launch of smart contracts. https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html
  38. With exploits like this one being all too common in the legacy smart contract networks, we’re not even going to have sell the Cardano use case for DeFi. The competitor networks have already made the case that something better must be on the way. https://twitter.com/zapper_fi/status/1404429179794362369
  39. World Mobile CEO tweets out a tantalizing response to the Tanzanian President’s call for her nation’s central bank to prepare for crypto. https://twitter.com/MrTelecoms/status/1404375153191141377
  40. If you are new to Cardano and you would like to get a handle on the terminology involved in the ecosystem, you may want to check out these Cardano flashcards produced by Coconut Pool. https://twitter.com/coconut_pool/status/1403442954434269185
  41. While renewable energy is certainly a wonderful thing, there may be a problem with your technology when your path to compete on clean energy consumption involves you talking about harnessing the power of a whole series of volcanoes. Maybe just use fewer volcano’s and more proof-of-stake? https://twitter.com/_eLaPs_/status/1404125569093029889 https://twitter.com/gladstein/status/1402718041557725184
  42. The Charles/Lex Fridman podcast has dropped. This is a big deal. This is a fairly mainstream podcast with over 1 million subscribers. https://youtu.be/FKh8hjJNhWc
  43. Politicians in the legislative branches of Panama and Paraguay have now announced intentions to introduce crypto-related bills into their respective legislative assemblies. https://twitter.com/gabrielsilva8_7/status/1401965129051389958
  44. New algorithmic stablecoin paper coming in the next few weeks from IOHK. https://twitter.com/IOHK_Charles/status/1405737563030183936
  45. The bank of England is getting very serious about how it “may wish to limit migration” of money from the legacy system to stablecoins. Wow. Just another example of why it’s such an asset (no pun intended) that Cardano is prepared for regulation. https://twitter.com/CaitlinLong_/status/1405712468823842816
  46. Check out the newly “pimped up” Cardano documentation. https://twitter.com/theSavaSavic/status/1405526615585480730 https://docs.cardano.org/
  47. The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-06-18/
  48. Runtime Verification (architects of K Framework which powers Cardano’s IELE & KEVM) just raised $5.3MM in a round that included Cardano’s C Fund. https://runtimeverification.com/blog/runtime-verification-raises-5-3-million-to-advance-blockchain-security https://twitter.com/RosuGrigore/status/1405917218035097600
  49. It’s a good sign that the top two crypto communities are spending so much time talking negatively about Cardano. You only focus your hatred on that which is most threatening. I’m glad to see we’re the biggest threat on their radar. https://twitter.com/nic__carter/status/1405194146063736840
  50. Bloomberg just published a piece called “America Should Become a Nation of Renters”. While this statement is probably extremely polarizing for Americans, it can also be argued that the death of homes as the primary investment vehicle of Americans may open up a new wave of adoption in crypto as an alternative. https://twitter.com/bopinion/status/1405609396302979074
  51. We are crushing all the competitors in terms of assets staked! https://twitter.com/CryptoDiffer/status/1405854686209622018
  52. All 345,501 of the people who have watched the Lex Fridman/Charles episode as of writing are realizing that Cardano could be the first project to put voting on the blockchain in a U.S. state. https://www.atalaprism.io/app
  53. Days like today in Cardano and the greater crypto space always reminds me that there have been other great adoption stories that went through periods like this.https://twitter.com/elonmusk/status/1407077949774442499
  54. It looks like the second biggest ETH stakepool or it's custody provider has lost it’s users private keys to $75MM in ETH. Cardano doesn’t have this problem. We get to keep custody of our crypto because we found a better way than slashing. https://stakehound.com/blog-post/fireblocks-eth-2-key-management-incident/ https://twitter.com/JamesSpediacci/status/1407465311180255236
  55. Draft table of contents for Mastering Cardano has been revealed. https://twitter.com/IOHK_Charles/status/1407165366355124225
  56. COTI (a project with very close ties to Cardano) is coming to Ledger. https://medium.com/cotinetwork/coti-native-is-coming-to-ledger-c56b04df1253
  57. The June Cardano 360 is currently available on Youtube. https://youtu.be/al5m14299ww
  58. We saw segments on various newer partner entities like Nervos, Orion Protocol, and Revuto. Nervos is a UTXO proof-of-work blockchain which is building a cross-chain bridge with Cardano so that you can use your ADA on Nervos dApps and vice versa. Interoperability is a big theme for Nervos and they plan to have a working testnet within a month. Orion Protocol is building a terminal that will allow for decentralized non-custodial trading across centralized and decentralized exchanges. They say this would not require you to KYC or even have an account with any of these exchanges. Revuto is an online subscription management service that recently completed a $10MM token sale on Cardano.
  59. It was also revealed that Wolfram Labs, COTI, and IOHK have a three-way partnership (a ménage à tech) to build an NFT auction site. The people from Wolfram were talking about very interesting things including live minting during streaming events and automated upload to IPFS. COTI will be building out auction and bidding mechanisms in ADAPay.
  60. Professor Aggelos Kiayias gave us an update on research including that Ouroboros Chronos and Hydra papers have both been accepted into conferences/journals. Chronos will provide Cardano with a global concept of time that doesn’t rely on any outside timekeeper. Prof. Kiayias also pointed out that Hydra is distinguishable from other layer two protocols in that the scripting language is identical to that of the base layer in Cardano such that any dApp that can run on Cardano will run on the Hydra L2. This is a huge plus and superior to many other layer two solutions in other ecosystems where the base layer dApps will not run on layer two. Finally, the Mithril paper has been submitted for peer review. It will provide Cardano light wallets with Succinct Non-interactive Arguments of Knowledge that will give us the best of both worlds: no delays for syncing as in full node wallets while still preserving trustlessness.
  61. Finally, the Goguen Summit will be in late September. Sign up now at summit.cardano.org.
  62. The Fed is once again STRONGLY signalling to us that they are going to regulate stablecoins. The Fed is also specifically calling out Tether for the first time. You need to be thinking about how stablecoin regulation might affect your favorite Cardano DeFi or other project. https://twitter.com/CaitlinLong_/status/1408500265397985282 https://twitter.com/CaitlinLong_/status/1408572624125534212
  63. People are starting to realize that the Stakehound private key loss in ETH may attract unwanted regulatory attention to Ethereum 2.0 while this problem could never have occurred in Cardano. Also, only a few days later another ETH stakepool (this time SharedStake...the sixth biggest ETH Stakepool) allegedly experiences a rugpull that some are valuing at over $30MM. This is another problem that could not happen in Cardano staking. It feels like we stepped into the ring, they rang the bell, and ETH just started punching itself in the head. Eventually it’s going to KO itself. https://twitter.com/Madror7/status/1408505144984051716 https://twitter.com/JamesSpediacci/status/1407761823143645189 https://twitter.com/MeiTrades/status/1408117430656905219 https://sharedstake.medium.com/the-sharedstake-story-by-kairos-44d37aa7837a
  64. Here’s another great Cardano data site. This one is from the Cardano Fans stakepool. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/r2LQC
  65. John O’Connor of IOHK points out that France still controls the monetary policy of 14 countries in Africa. There is definitely a built in market on the continent for a project that delivers monetary sovereignty to the people. https://twitter.com/jjtoconnor/status/1408978882129272832
  66. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
  67. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
  68. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
  69. IOG Research update from Prof. Aggelos Kiayias. Really interesting bit right at the beginning on the history of cryptography as a field of study. https://www.youtube.com/watch?v=7UAL_6f7PFw
  70. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
  71. New Plutus Pioneers Class starting July 1!
  72. Charles says it looks like we will hit Alonzo white on Monday. https://twitter.com/IOHK_Charles/status/1410279529021648896
  73. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
  74. The Mithril paper (allows for trustless light wallets) is now available for your reading pleasure. https://iohk.io/en/research/library/papers/mithrilstake-based-threshold-multisignatures/
  75. The Ouroboros Chronos paper (allows for the blockchain to be its own timekeeper) is also now available. https://iohk.io/en/research/library/papers/ouroboros-chronospermissionless-clock-synchronization-via-proof-of-stake/
  76. Cardano is now a small part of Grayscale’s Digital Large Cap Fund. They actually sold off current holdings in other coins to buy ADA. This is big for institutional adoption! https://twitter.com/Grayscale/status/1410945118228692994
  77. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
  78. Lars has posted the first class for the second Plutus Pioneers cohort . https://twitter.com/LarsBrunjes/status/1410677447805308935
  79. Robert Kornacki of dcSpark releases an article on why every Cardano dApp will use NFTs. The article contains some very interesting discussion on smart contracts in the EUTXO context including language instructing that “UTXOs have smart contracts attached to them and not the other way around” and “[...]the simplest way to think about it is that when a UTXO is created it has the option to have a smart contract attached to it.” https://medium.com/dcspark/every-eutxo-dapp-will-use-nfts-and-heres-why-fd87e6a8c9a6
  80. A very interesting medium article on the concurrency problem in eUTxO blockchains such as Cardano. (Article by Occam Fi....thanks to Muggy Pool for sending it my way). https://medium.com/occam-finance/the-occam-fi-technical-series-on-concurrency-cd5bee0b850c
  81. The concurrency issue in plutus smart contracts has also been recently commented on by Lars and Sebastien. https://twitter.com/LarsBrunjes/status/1390331642103877633 https://twitter.com/LarsBrunjes/status/1403761666383306757 https://twitter.com/SebastienGllmt/status/1410983827481108480
  82. The Cardano Foundation has released a video on its short and long-term strategies to get to one billion users by 2026. https://twitter.com/CardanoStiftung/status/1412137365318127626
  83. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
  84. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
  85. Once again, we are also the Github activity champions! https://twitter.com/CryptoDiffer/status/1412333951830605824
  86. Between Cohort 1 and Cohort 2 of the Plutus Pioneers program there have been 4,300 potential future Cardano developers involved. https://twitter.com/InputOutputHK/status/1412465643245424649
  87. Here’s an interesting chart purporting to show the dates on which various Cardano DeFi projects might have finished products. https://twitter.com/Cryptokev84/status/1412343821757730820/photo/2
  88. IOG says they have started onboarding new SPOs and developers to Alonzo White this week. https://twitter.com/InputOutputHK/status/1412847798274478084
  89. Charles also confirms that Alonzo White may start Friday but probably Monday due to a natural (and warranted) desire to avoid executing a rollout at the start of a weekend. https://youtu.be/yd1eg4QopV8
  90. Daedalus 4.2.0 now adds Ledger & Trezor Catalyst Registration. https://twitter.com/InputOutputHK/status/1413176419186774018
  91. Yoroi 4.5.7 extension release now adds Ledger Catalyst Registration. https://twitter.com/YoroiWallet/status/1413128256836997120
  92. Here’s the voter registration schedule for Catalyst Fund 5! Get yourself registered now even if you’re in cold storage on a hardware wallet! https://iohk.zendesk.com/hc/en-us/articles/900006490763-Project-Catalyst-FAQ
  93. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
  94. Emurgo has released a guide on how to register for Catalyst voting with your Ledger Hardware Wallet. https://github.com/Emurgo/yoroi-mobile/blob/develop/catalyst5-instruction.md
  95. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
  96. The IOHK Development Update is out! https://twitter.com/InputOutputHK/status/1413448054892494850
  97. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
  98. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
  99. There is a new stakepool explorer available. https://www.cardanoworld.io/
  100. Very interesting timing with a) Grayscale Buying $50MM ETCG, b) Grayscale adding ADA, and c) Charles joining the ETC Cooperative board given that two of the members of the ETC Cooperative board seem to come from Grayscale and DCG. Maybe the world is starting to understand just what Charles and IOHK have been able to accomplish over the last few years. https://twitter.com/ETCCooperative/status/1410439775950082051 https://twitter.com/ETCCooperative/status/1413328106568421377 https://twitter.com/Grayscale/status/1410945118228692994
  101. There is a new Cardano wallet being introduced by u/berry_ales from the Berry Pool. I have no idea if it will be good or bad at protecting your ADA. Just reporting that it exists. https://twitter.com/berry_ales/status/1414548062207361025
  102. There is currently a lawsuit challenging the notion that staking rewards should be taxed as income. The plaintiff argues that newly created property isn’t taxed as income and that this should also apply to staking rewards. A win here would be very nice for Cardano delegators. https://cointelegraph.com/news/crypto-staking-rewards-and-their-unfair-taxation-in-the-us
  103. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  104. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  105. Avanti Bank of Wyoming files comments with the Federal Reserve on their new guidelines that could massively impact how the traditional banking system interacts with cryptocurrencies like Cardano. Given what role ADA is likely to play in the future of crypto financial transactions, this is extremely relevant for ADA holders. https://avantibank.com/press/avanti-submits-comments-to-federal-reserve https://twitter.com/CaitlinLong_/status/1414783323193364482
  106. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  107. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html

~Army of Spies