Bitcoin pulse, guides and news: 07/18/21

Sunday, July 18, 2021

Cardano Rumor Rundown July 19, 2021

Hey Everyone!

Let's go...

Newly covered today:

The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
Remember, Cardano 360 is this Thursday! Watch on Youtube.

Previously Covered but still interesting:

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
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
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
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
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.
Mithril fixes this by being a cryptographic construction that enables a population of stakeholders to issue a signature consistent with certain constraints.
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.
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.
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.
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.
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
Epoch 268 is a wrap as of with 22.83 billion ADA staked. https://adapools.org/epochs
Check out the telegram AMA tomorrow with the CEO of World Mobile! https://twitter.com/ZwijBerg/status/1399377659105320962
A very interesting stat on Cardano user growth. https://twitter.com/cex_io/status/1398959088684445699
More and more people in the youtube sphere are jumping on the Cardano train. https://twitter.com/techleadhd/status/1399398373384351744
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
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
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
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
And….still! Kings of the github! https://twitter.com/CryptoDiffer/status/1400744567956180993
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
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
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
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/
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
El Salvador passes the statute to make Bitcoin legal tender in the country. https://twitter.com/nayibbukele/status/1402827595339681794
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
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/
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
Minswap gives us the dev perspective on why Cardano’s Plutus is such an improvement over Ethereum’s Solidity. https://twitter.com/MinswapDEX/status/1403411522110427137
Here’s a great ETH vs. Cardano DeFi project comparison infographic. https://twitter.com/Coin98Analytics/status/1403397242707320835
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
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
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
John O’Connor appeared on the Disrupt Network Podcast. bit.ly/3znqyB7
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
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
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
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
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
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
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
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
New algorithmic stablecoin paper coming in the next few weeks from IOHK. https://twitter.com/IOHK_Charles/status/1405737563030183936
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
Check out the newly “pimped up” Cardano documentation. https://twitter.com/theSavaSavic/status/1405526615585480730 https://docs.cardano.org/
The Cardano Development Update for this week is out. https://roadmap.cardano.org/en/status-updates/update/2021-06-18/
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
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
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
We are crushing all the competitors in terms of assets staked! https://twitter.com/CryptoDiffer/status/1405854686209622018
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
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
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
Draft table of contents for Mastering Cardano has been revealed. https://twitter.com/IOHK_Charles/status/1407165366355124225
COTI (a project with very close ties to Cardano) is coming to Ledger. https://medium.com/cotinetwork/coti-native-is-coming-to-ledger-c56b04df1253
The June Cardano 360 is currently available on Youtube. https://youtu.be/al5m14299ww
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.
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.
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.
Finally, the Goguen Summit will be in late September. Sign up now at summit.cardano.org.
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
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
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
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
Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
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
Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
New Plutus Pioneers Class starting July 1!
Charles says it looks like we will hit Alonzo white on Monday. https://twitter.com/IOHK_Charles/status/1410279529021648896
Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
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/
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/
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
Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
Lars has posted the first class for the second Plutus Pioneers cohort . https://twitter.com/LarsBrunjes/status/1410677447805308935
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
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
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
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
Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
Once again, we are also the Github activity champions! https://twitter.com/CryptoDiffer/status/1412333951830605824
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
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
IOG says they have started onboarding new SPOs and developers to Alonzo White this week. https://twitter.com/InputOutputHK/status/1412847798274478084
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
Daedalus 4.2.0 now adds Ledger & Trezor Catalyst Registration. https://twitter.com/InputOutputHK/status/1413176419186774018
Yoroi 4.5.7 extension release now adds Ledger Catalyst Registration. https://twitter.com/YoroiWallet/status/1413128256836997120
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
Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
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
Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
The IOHK Development Update is out! https://twitter.com/InputOutputHK/status/1413448054892494850
This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
There is a new stakepool explorer available. https://www.cardanoworld.io/
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
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
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
The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
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
Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
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
We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
The European Central Bank drops news of “a project to prepare for possibly issuing a digital euro.” A digital Euro is coming and regulation of private fiat-pegged stablecoins is coming with it. https://twitter.com/ecb/status/1415273625385644036
IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
A crypto media personality recently uncovered links between the Priviledge EU Project, Horizon Europe Grant Agreement 780477, and Cardano. https://twitter.com/BreakingADA/status/1415653936703295488
Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
Janet Yellen, Secretary of the Treasury, is calling a meeting of the President’s Working Group on Financial Markets to discuss stablecoins on Monday. Prepare for regulation. https://home.treasury.gov/news/press-releases/jy0276
Coindesk really hates us. Now they are writing articles about Cardano and using words like “crypto-colonialism”. https://www.coindesk.com/the-headache-of-crypto-colonialism
Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
According to maximalists you’re apparently not allowed to be busy with your company authoring papers if you’re in Cardano. https://twitter.com/woonomic/status/1415761569082789890
There is actually a chart showing where all the Meld ISPO delegators came from now. https://twitter.com/stakenoble/status/1416189846054387712

~Army of Spies

bitcoin recovery

What Is Bitcoin?

Bitcoin is an advanced money made in January 2009. It follows the thoughts set out in a whitepaper by the puzzling and pseudonymous Satoshi Nakamoto.1 The personality of the individual or people who made the innovation is as yet a secret. Bitcoin offers the guarantee of lower exchange charges than customary online installment systems and, dissimilar to officially sanctioned monetary standards, it is worked by a decentralized position.

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KEY TAKEAWAYS

Dispatched in 2009, bitcoin is the world's biggest digital currency by market capitalization.

In contrast to fiat cash, bitcoin is made, circulated, exchanged, and put away with the utilization of a decentralized record framework, known as a blockchain.

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1:57

What Is Bitcoin

Understanding Bitcoin

The bitcoin framework is an assortment of PCs (additionally alluded to as "hubs" or "excavators") that all run bitcoin's code and store its blockchain. Allegorically, a blockchain can be considered as an assortment of squares. In each square is an assortment of exchanges. Since every one of the PCs running the blockchain have similar rundown of squares and exchanges, and can straightforwardly see these new squares being loaded up with new bitcoin exchanges, nobody can swindle the framework.

Anybody—regardless of whether they run a bitcoin "hub" or not—can see these exchanges happening continuously. To accomplish an odious demonstration, an agitator would have to work 51% of the processing power that makes up bitcoin. Bitcoin has around 10,000 hubs, as of June 2021, and this number is developing, making such an assault very unlikely.2

In any case, if an assault were to occur, bitcoin excavators—individuals who participate in the bitcoin network with their PCs—would probably fork to another blockchain, putting forth the attempt the troublemaker set forth to accomplish the assault a waste.

Equilibriums of bitcoin tokens are kept utilizing public and hidden "keys," which are long series of numbers and letters connected through the numerical encryption calculation that was utilized to make them. The public key (tantamount to a ledger number) fills in as the location distributed to the world and to which others may send bitcoin.

The private key (equivalent to an ATM PIN) is intended to be a protected mystery and simply used to approve bitcoin transmissions. Bitcoin keys ought not be mistaken for a bitcoin wallet, which is a physical or advanced gadget that works with the exchanging of bitcoin and permits clients to follow responsibility for. The expression "wallet" is somewhat deceptive, as bitcoin's decentralized nature implies it is rarely put away "in" a wallet, but instead decentrally on a blockchain.

Distributed Technology

Bitcoin is one of the main advanced monetary forms to utilize distributed innovation to work with moment installments. The autonomous people and organizations who own the administering figuring control and take part in the bitcoin network—bitcoin "diggers"— are accountable for handling the exchanges on the blockchain and are roused by remunerations (the arrival of new bitcoin) and exchange charges paid in bitcoin.

These diggers can be considered as the decentralized authority implementing the believability of the bitcoin network. New bitcoin are delivered to the diggers at a fixed, however occasionally declining rate. There are just 21 million bitcoin that can be mined altogether. As of June 2021, there are more than 18 million bitcoin in presence and under 3 million bitcoin left to be mined.3

Along these lines, bitcoin and other cryptographic forms of money work uniquely in contrast to fiat cash; in unified financial frameworks, the cash is delivered at a rate coordinating with the development in products; this framework is planned to keep up with value strength. A decentralized framework, as bitcoin, sets the delivery rate early and as indicated by a calculation.

Bitcoin Mining

Bitcoin mining is the interaction by which bitcoin is delivered into dissemination. By and large, mining requires settling computationally troublesome riddles to find another square, which is added to the blockchain.

Bitcoin mining adds and confirms exchange records across the organization. Diggers are remunerated with some bitcoin; the prize is divided each 210,000 squares. The square award was 50 new bitcoins in 2009. On May eleventh, 2020, the third splitting happened, bringing the award for each square disclosure down to 6.25 bitcoins.4

An assortment of equipment can be utilized to mine bitcoin. Notwithstanding, some yield higher awards than others. Certain micro processors, called Application-Specific Integrated Circuits (ASIC), and further developed preparing units, similar to Graphic Processing Units (GPUs), can accomplish more rewards. These intricate mining processors are known as "mining rigs."

One bitcoin is distinguishable to eight decimal spots (100 millionths of one bitcoin), and this littlest unit is alluded to as a Satoshi.5 If fundamental, and if the taking part excavators acknowledge the change, bitcoin could ultimately be made distinct to significantly more decimal spots.

History of Bitcoin

Aug. 18, 2008

The space name bitcoin.org is enrolled. Today, in any event, this area is "WhoisGuard Protected," which means the character of the individual who enrolled it isn't public data.

Oct. 31, 2008

An individual or gathering utilizing the name Satoshi Nakamoto makes a declaration to the Cryptography Mailing list at metzdowd.com: "I've been chipping away at another electronic money framework that is completely shared, with no confided in outsider. This now-renowned whitepaper distributed on bitcoin.org, named "Bitcoin: A Peer-to-Peer Electronic Cash System," would turn into the Magna Carta for how bitcoin works today.

Jan. 3, 2009

The first bitcoin block is mined—Block 0. This is otherwise called the "beginning square" and contains the content: "The Times 03/Jan/2009 Chancellor on verge of second bailout for banks," maybe as evidence that the square was mined on or after that date, and maybe likewise as pertinent political commentary.6

Jan. 8, 2009

The principal rendition of the bitcoin programming is reported to the Cryptography Mailing list.

Jan. 9, 2009

Square 1 is mined, and bitcoin mining begins decisively.

Who Is Satoshi Nakamoto?

Nobody realizes who designed bitcoin, or possibly not definitively. Satoshi Nakamoto is the name related with the individual or gathering of individuals who delivered the first bitcoin whitepaper in 2008 and chipped away at the first bitcoin programming that was delivered in 2009. In the years since that time, numerous people have either professed to be or have been proposed as the genuine individuals behind the alias, as of June 2021, the genuine personality (or characters) behind Satoshi remains obscured.7

In spite of the fact that it is enticing to accept the media's twist that Satoshi Nakamoto is a single, unrealistic virtuoso who made bitcoin out of nowhere, such advancements don't ordinarily occur in a vacuum. All major logical revelations, regardless of how unique appearing, were based on beforehand existing exploration.

There are forerunners to bitcoin: Adam Back's Hashcash, imagined in 1997, and hence Wei Dai's b-cash, Nick Szabo's touch gold, and Hal Finney's Reusable Proof of Work.8 The bitcoin whitepaper itself refers to Hashcash and b-cash, just as different works traversing a few examination fields. Maybe obviously, a significant number of the people behind different undertakings named above have been conjectured to have likewise had a section in making bitcoin.

There are a couple of potential inspirations for bitcoin's creator choosing to stay discreet. One is protection: As bitcoin has acquired in ubiquity—becoming something of an overall wonder—Satoshi Nakamoto would probably accumulate a ton of consideration from the media and from governments.

Another explanation could be the potential for bitcoin to cause a significant disturbance in the current banking and financial frameworks. In case bitcoin were to acquire mass selection, the framework could outperform countries' sovereign fiat monetary standards. This danger to existing money could propel governments to need to make a lawful move against bitcoin's maker.

The other explanation is wellbeing. Taking a gander at 2009 alone, 32,489 squares were mined; at the prize pace of 50 bitcoin per block, the absolute payout in 2009 was 1,624,500 bitcoin. One may reason that lone Satoshi and maybe a couple of others were mining through 2009 and that they have a greater part of that reserve of bitcoin.

Somebody possessing that much bitcoin could turn into an objective of hoodlums, particularly since bitcoin is less similar to stocks and more like money, where the private keys expected to approve spending could be printed out and in a real sense held under a sleeping cushion. While it's conceivable the creator of bitcoin would avoid potential risk to make any coercion initiated moves detectable, staying mysterious is a decent way for Satoshi to restrict openness.

Unique Considerations

Bitcoin as a Form of Payment

Bitcoin can be acknowledged as a method for installment for items sold or benefits gave. Physical stores can show a sign saying "Bitcoin Accepted Here"; the exchanges can be taken care of with the imperative equipment terminal or wallet address through QR codes and contact screen applications. An online business can without much of a stretch acknowledge

The end of the Machine Driven Age, the start of the Computer Driven Age. THE theory that ties all things together: Corona, The Financial Market, Climate Change, Bitcoin and even Throwawaylien's Prediction

Hello anyone browsing "new", I'm going to present a compelling argument for what's currently happening and tie it together in a way that would work, largely using the oldest tool humans have for detecting evil deeds "Follow the Money".

"Follow the money" is the oldest and truest sense of deducing what's going on. One of the things that stands out with current events is how much money issues are preceeding social, environmental, and health issues. Before Corona happened, in September of 2019, the BIS (the central bank for Central Banks) and the repo market (how banks lend each other money) blew up overnight and required a huge amount of money to immediately fix.

Since then, things are following exactly the same events of the 20's when a massive amount of money was printed out, and a certain asset's price was then crashed that people were holding onto. In the 20's-30's the asset was gold (who's price skyrocketed as money was printed, and then crashed right before a market crash), and now with crypto currency (bitcoin was $7,200 in january 2020, and got up to $60,000 before crashing down to $32,000). In the case of gold, the conspiracy is that two men formed a group and tried to corner the market, and then the US released all it's gold shares to crash that market and everyone sold their gold, the US thwn used that price to buy gold from people and then backed the dollar with gold and even made owning it illegal, also...one of those two men who tried cornering the market was the President's brother in law. So it was all about currency. So why is the same thing happening again?

August is the 50th year anniversary of Nixon ending the gold backed dollar, and starting the petro backed dollar. So what does the end of the currency look like? Remember I said there was a crash for gold because the US released all it's stores and crashed the market? Well guess who owns the most bitcoin? Well for starter's everyone will need a personal wallet (hence a vaccine passport for tracking is going to come sooner or later, but this is the best excuse). The current chair of the SEC (Gary Gensler) who was installed in April, taught a class about crypto currency at MIT Sloane (which is an enlightening resource if you want to see how officials view crypto currencies). He even talks about bitcoin finishing a 10 year testing phase and how it survived.

So what else do we know signifies the end of the petro dollar? We've all seen how much climate change pops up. Well, that's part of the end too is my guess. I know people think it's an environmental factor, but we all know that the biggest changes arent happening (a very tiny percentage accounts for the most pollutants, but nothing is done about those). But following the money it's clear that climate change is a financial issue disguised as an environmental issue. This is extremely clear because two separate Senate and house committees met with banks in May about climate change...why would they meet with banks instead of oil companies or manufacturers? Again, the evidence points to a financial issue disguised as an environmental issue. Oh, and have you noticed how all those hacking attacks have been asking other countries for huge amoubt of bitcoin? Must be a complete coincidence, I'm sure. Same as seeing all these NFT's begin to set up, probably a coincidence. And I'm sure GameStop and AMC being implied in a short squeeze to revitalize the companies is probably a coincidence too (except that two of the most pirated things are movies and video games, and NFT's would eliminate piracy).

But we'll know for sure this is the case if the market crashes soon. That's what happened in the 30's right as they switched to a new backing for the dollar and we're seeing all the signs present now that this is true. If we're about to end the machine driven age and start the computer driven stage, then we would each need a unique wallet address and a passport can accompany that. It would be the easiest way to install worldwide tracking (since crypto provides a ledger for everything). Also we'll know bitcoin prices will shoot through the roof after a crash if all this is true and happens.

Another final critical but boring piece of evidence is that we are living during a critical time where lending is switching to a different system which is boring, but significant. LIBOR where banks set the rate themselves, and SOFR or SONYA where lending rates are based of actual past transactions (think of this as the first keystone, changing from a margin based financial structure to a collateral based financial structure. Crypto is also a collateral based asset, debt is useful for margin. Already most of the world has switched over to the new system, except for the US who was scheduled to switch this year but got two extra extensions to delay our change from LIBOR for another 2 years.

And Lastly...a fun bit of conjecture for what's next since this is conspiracy after all. But if we are leaving the Machine Age and heading into the computer age, then what's next? Computers existed (rudimentarily) before the Petro dollar machine age started, going back into the Gold backed dollar era. Do we have a hint for major breakthroughs that happened around that time? That's where I think things around space get very exciting. If you've been around conspiracy for a while, you likely have seen /u/throwawaylien and his prediction date. Well, here we are. If one age begins, then the next age must have people working towards it. I mean it's clear that computers have been around this entire age, but now the currency is driven by them. It's clear oil was around during the previous age and the gold backed dollar, but then the currency was switched to be driven by it. So the next age could see us pushing forward space travel enough that we may one day be driven by it. But that's all a currency backed by these things means, is that it very clearly ties a carrot in front of the entire monetary system to keep it from being completely a Fiat currency (or at least attempts to). If we see the beginning of the computer age start with exposure to aliens or space travel, then it would align with everything including perfect timing. It could be a very fascinating year.

TL;DR - Everything going on has ties back to a financial change going on that imply that the US is getting ready to change from the Petro Dollar, to a Crypto backed dollar. The events of 1920's-1930's are repeating themselves. We still are likely to see a market crash, and then we'll know for sure. But it explains all the key events happening right now. It may even offer a door for which throwawaylien's predictions are lined up to take effect as well.

BlackRock & The Great Reset (Part 3)

Welcome back. If you're still with me after reading Part 1 & Part 2 then well done, you've got some serious stamina. We're nearly there now.

RECAP

(You've probably learned by now I'm useless at short TLDRs) In Part 2 I looked at how Fidelity might have caused the Jan squeezes in 21 stocks by recalling these shares after they had been lent out for years. This would have been possible if Shitadel had rehypothecated Fidelity's shares many times over, meaning those shares were propping up a tower of phantom shares far greater than their face value. The stocks which squeezed the most in Jan were the ones that had previously undergone stock buybacks or had low total outstanding shares to start with, which makes sense as both of these things hurt short sellers. GME had undergone the biggest stock buyback out of them all, so this stock seems to have been setup to hurt short sellers the most. I carried on looking at share lending and theorized that the margin call Melvin Securities received in Jan was from companies like BlackRock & Vanguard who still had millions of GME lent out, this could also explain why the margin call was reduced; BlackRock works closely with the Fed and therefore probably with the DTCC too, so the DTCC could have persuaded BlackRock to lower their demands. I looked at BlackRock's share lending brochure and saw they were possibly the only share lender willing to accept UST bonds as collateral, and this would have given Shitadel & Co a cheap way to start shorting stock as Shitadel owns Palafox Trading which deals with UST bonds (please reading /u/Atobitt's 'The Everything Short' for more info on this). I went on to see how BlackRock did not buy many puts during the 2020 crash unlike previous rocky periods and BlackRock went on to sell $ hundreds of billions worth of stock during the 2020 crash, only to buy most of this right back a few weeks later. Both of these points suggest to me BlackRock helped dip the markets so there would be a need for emergency action, and this led to the SLR rule being relaxed, making it easier for banks to spend during the pandemic. This measure should have been used to prop up a suffering economy, but it seems the banks instead used it to further Shitadel's shorting efforts. To me this all started to seem like BlackRock had a long term plan to allow the markets to implode, but why would Larry Fink want this to happen? We'll look at that below.

8. THE GREAT RESET

The Great Reset is a term that started getting flung around during the pandemic, it's the idea of building back better after the covid crisis with the goal of net-zero carbon emissions being a big part of this. The World Economic Forum has a whole initiative based around this idea, this snippet explains their goals. We're probably all used to these kinds of ideas being thrown around without much action backing it up, but to me this seems different, there could actually be a serious plan in motion to trigger this reset and it seems BlackRock is a key player in it. Articles like this suggest that BlackRock is somehow fueling a transfer of wealth worth $120 trillion to pump that money into sustainable companies:

Big money is turning its back on companies that aren’t conforming to one simple idea, Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable. And the new King of Wall Street is leading the charge. BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five years.

I don't know specifically how this redistribution of wealth is planning to work, this article links off that one above and says:

Already, more than 3,100 investors with $110 trillion in assets under management have signed on to the Principles for Responsible Investment, which supports its signatories in incorporating ESG factors into their investment and ownership decisions

A key term in all of this discussion is ESG which stands for Environmental, Societal and Governance and these factors are used to measure non-financial issues like pollution, deforestation, gender and diversity policies, human rights, customer satisfaction, bribery and corruption, lobbying, executive compensation and many more points showing how "good" companies are at their core. If $120 trillion gets moved from low performing ESG companies to high ones, that's a positive step that we should all be able to get behind.
Larry Fink has been pushing hard for CEOs to release ESG data on their companies, this year he sent this letter to CEOs, there's a lot to unpack from that letter, here's some key bits:

Issues Discussed
• There needs to be more focus on long term investment strategies with a big focus on climate change.
• Fink says, "The pandemic has also accelerated deeper trends, from the growing retirement crisis to systemic inequalities" and suggests these need to be addressed
• Transitioning to net zero across the board will demand a transformation of the entire economy.
• Investors want to invest in ESG companies but they need better information to show which companies are good for sustainability, BlackRock is committed to accelerate their data and analysis capabilities in this area.
• Companies need to disclose a plan for how their business model will be compatible with a net zero economy
• A standard reporting framework should be used, which will enable investors to make more informed decisions
• BlackRock is already carbon neutral in their operations and are committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner.

Larry Fink is not the only person pushing hard for ESG data to be released, Gary Gensler of the SEC is looking into these issues too, trying to assess what information is needed from companies to confirm they comply with ESG standards. There have also been various SEC meetings about climate change recently which are undoubtedly talking about issues like this. I can imagine Larry Fink is working closely with the SEC on this.
Furthermore, BlackRock has recently changed their Aladdin system to include a climate module to help track which companies are doing well on combating climate issues. To me this reiterates that BlackRock is taking this issue seriously.
This article talks about moving towards net-zero carbon emissions and has a quote from Fink that I like:

"One of the most beautiful things about finance is that if finance understands a problem, that problem is brought forward. We are seeing asset owners moving more capital into more sustainable products and investments."

To me that shows big money is finally taking this issue seriously. If there's a plan in motion to transfer trillions of dollars to sustainable companies, surely the US government would be commenting on this too? But no, they seem very quiet on this front. Many articles are saying they're waiting for action from Biden, with barely anything being done towards this so far. But this article says that last year former Secretary of State John Kerry (currently serving as the first United States Special Presidential Envoy for Climate) firmly declared that the Biden administration will support the Great Reset and that the Great Reset "will happen with greater speed and with greater intensity than a lot of people might imagine"
I may be getting too tinfoil again, but surely you can see how that could be seen as a reference to the MOASS? i.e. The government knows the markets are fucked so they let the MOASS happen, we all get our tendies (happy days) then there's a lot of rebuilding to do, they start by pumping a load of money into ESG companies and get the ball rolling. Articles like this show how BlackRock is threatening to pull money out of the worst polluting companies, I believe that the MOASS will be the perfect time and excuse for BlackRock to pull money out of these companies. Plus there's one extra level of support for ESG investment; us. We apes know how important climate change is, I've seen dozens if not hundreds of posts on Superstonk talking about all the good we can do post MOASS, well if we have money to spare and feel like investing, I think high scoring ESG companies will be a way to go. We could start making a real difference for this cause.
There has been a lot of contention around the idea of BlackRock having people inside the Biden administration recently such as this post by /u/--GrinAndBearIt-- and various other posts, and many users suggest this is a reason we should not trust BlackRock, but I come to the exact opposite conclusion. BlackRock seems to have helped set up the conditions for the MOASS and want it to happen so that there can be a radical shift towards ESG investment, the MOASS will be the perfect time for them to drop bad-ESG companies and pump that money into good-ESG companies. BlackRock working closely with the government on this is crucial to making sure it all works properly. We're talking about purposefully crashing and resetting the largest market on the planet, I definitely would not want BlackRock going rogue and doing this off their own back, knowing that they're working closely with the Biden administration helps settle my mind that this is probably being controlled so it doesn't lead to all out catastrophe. Larry Fink is also a massive democrat and BlackRock has contributed a lot towards their party, suggesting he supports their goals and ideas. I'm going to be blunt here and say that if anyone thinks BlackRock is bad simply because of their connections to the Biden administration, then they simply do not see the bigger picture of events happening right now.
Now what if I told you that a massive shift towards ESG investment was not even the biggest change that Wall Street has planned? What if I told you there has been a plan for years for the DTCC to shift the entire stock market onto an entirely new digital system? I hope that has you interested because we'll explore this in the next section.

SUMMARY: The Great Reset is a term for the idea of building back better after the covid crisis. BlackRock is all for this idea and Larry Fink has been pushing for CEOs to release ESG data to show how good companies are for the environment, society and the country as a whole. The SEC is also pushing for this data to be released, so these 2 entities have similar goals it seems. I believe BlackRock has enabled the conditions for the MOASS so the markets will implode on themselves so they will need to be rebuilt, with sustainability in mind. The Biden administration seems to want this end too and John Kerry reportedly said "the Great Reset will happen with greater speed and with greater intensity than a lot of people might imagine". I personally believe BlackRock working closely with the US government on these issues is a good thing, because it shows how they're all working together to remove corruption from the US economy. I finished by saying that the DTCC had other big plans to help remove corruption and we'll look at that below.

9. CRYPTO MARKETS

The DTCC has 2 ongoing projects called Project ION and Project Whitney, both of these are looking at digitizing assets to be traded on a blockchain system, specifically on Ethereum. Sound familiar? I genuinely thought that this idea had been missed by Reddit, but shoutout to /u/BarTPL0 who caught it in this post.
It seems Project Whitney is focussing on the digitization of securities (for example digitizing GME shares) and Project ION is more focused on improving the trading settlement cycle through blockchain technology.

Project Ion explores new and alternative settlement models, leveraging the digitization of cash and re-representation of securities, and assesses a potential new accelerated settlement service option

Disclaimer time, I do have a bachelors degree in Software Engineering, but when I try and explain crypto to anyone I just end up looking like this so I'm just going to give a very high level overview of these and cover some of the benefits, rather than delving into the specifics of how they will function. If any wrinkly brained apes want to dedicate an entire post to Projects Ion & Whitney, I'm sure a lot of people here would appreciate that.
The current stock market is built up of layers and layers of entities all talking to each other in order to transfer money from buyers to sellers. The current settlement time for stock trades is T+2, meaning traders have the current day plus 2 days to settle any buy or sell orders. A crypto stock market is capable of turning this into T+0 meaning trades could get settled on the day they're made, that sounds much more efficient right? Crypto markets also eliminate the need for stock brokers, as availability of stock is all visible on the blockchain, which is simply a ledger of trades showing which assets currently sit where and which ones can be bought or sold. This crypto style market would centralize all data for a particular stock where that information is available for everyone to see, while also decentralizing control of that data meaning no one entity can control or corrupt it.
If you don't know how blockchain works here's a very simplified analogy (please skip if you already know). Think of a blockchain like a single Excel file that is stored on millions of different computers (called nodes). No one person owns that file and to change anything on it, it has to be agreed by all nodes that the change is a valid request and has the correct encryption keys. Once the change is authorized, the Excel file (aka blockchain) has the amendment made on it and all nodes then update to reflect the change. The Excel file has every trade ever made stored on it, which is why these get called ledgers. You can't simply just write anything on the blockchain file, you need the correct encryption keys to do so, and this means it's protected from malicious entities. If someone owned 1 Eth, that section of the blockchain belongs to them forever, until they decide to sell it - no one else can just come along and write over it. The underlying file for Ethereum is currently 300GB in size, and this only contains text data so that shows you how much data is stored there. It's mainly a load a load of encryption strings that you wouldn't be able to read, Ethereum uses Keccak-256 encryption which you can read about on Wikipedia (that might help you out if you have trouble sleeping if nothing else).
Shitadel has done a fantastic job this year of showcasing how susceptible the current market is to corruption. The T+2 settlement time means that any trade that fails to settle within 3 days should be marked as a "failed to deliver" (FTD), but through the magic of malicious fuckery they've been able to reset that clock so some trades are likely now T+21, T+35 or much bigger. On the topic of GME, an FTD simply means that Shitadel failed to get you a real GME share within 3 days. Ultimately if they can't find you a real GME share, they're obligated to buy the pledge back off you, but they're forced to buy this back at whatever price you set. I'm not getting into price floors or any of that stuff, but you need to understand you're in a very powerful bargaining position here. Shitadel has turned the stock market into a joke, and the T+2 settlement time wasn't even efficient to start with. This fully highlights why a new and much more efficient system is needed.
Michael Bodson of the DTCC gave this interview which touches on the new blockchain plans, in that he says a problem of switching to a new blockchain system is the difficulty of turning off legacy systems and adopting the new one. Interestingly Bodson points out how a new DLT system would likely put the DTCC out of business:

Bodson: The way Wall Street created its post trade infrastructure just means that once a trade is executed you have the whole process of clearing and settlement. The change of ownership the record keeping has to go on, it's a series of databases. We have a big golden copy but every firm has a database to have a trading database. They have an operations database they have a credit database so you have all these reconciliations that are happening all over the place with the same basic information used for different purposes. And there's no one centralized, agreed upon view of what that data says or what those transactions are what the positions are, etc etc. If you could actually just have one. Just think about the amount of work you could take out instead of doing replication of work over and over and over again. We just create massive efficiencies.

That interview touches on another point Bodson says in this article (boo paywall):

It takes a certain level of confidence to be optimistic about your own demise. Mike Bodson has it down to an art form. The chief executive of the Depository Trust and Clearing Corporation (DTCC) is convinced, it seems, that distributed-ledger technology (DLT) will spell the end of the DTCC as the industry knows it. “From where we sit, we were created because you need a golden copy of trade records. We’re going to disappear."

It does seem Bodson has resigned himself to the fate that the DTCC will eventually become extinct, but I doubt this will happen any time soon. While any company chooses to trade on the current system, there's a need for the DTCC. But let's say the MOASS causes nearly every business in the US to become furious with Shitadel and how they were able to game the system for their own ends, that would surely encourage a lot of businesses to adopt the new DLT system.
Articles like this seem to suggest that the current plan is to get a crypto market system with a T+1 cycle, but even that is a big improvement which could be further improved upon in the future. That article is dated Feb this year and it says "The Depository Trust and Clearing Corporation is close to completing work on a prototytpe settlement system based on distributed ledger technology, which could act as the precursor to a US move to a T+1 settlement cycle."
So this system wasn't ready as of Feb 2021, but they must be very close to completion now. I would hazard a guess that the timing of the MOASS and the readiness of a crypto stock market system will go hand-in-hand, and the MOASS is being suppressed while the finishing touches are put on this. User /u/SamBradfordSuperFan recently wrote this post explaining elements of Gamestop's crypto token and how there's a need to wait for an Ethereum update, EIP 1559:

It addresses one of the critical flaws in current ETH transactions, where transactions can get stalled and not complete in a timely manner if GAS fees are high, making the process more complex and uncertain and sometimes require user intervention, which has contributed to the slow mainstream adoption of ETH for ecommerce type applications

The DTCC's papers include this timeline which suggests the blockchain system was meant to be ready in 2020, I consider it likely that the DTCC are waiting on this EIP 1559 protocol update as well as they are using the Ethereum network too. Regarding the MOASS being suppressed, remember it's probably companies like BlackRock and Vanguard who do the margin calling, and they can stall this as long as they want.
Speaking of BlackRock, Larry Fink used to be famously against crypto saying that Bitcoin was an "index of money laundering", but he's changed his tune on this saying that Bitcoin will be as important as the gold market in the future. In April 2019, BlackRock hired former Ripple executive Robbie Mitchnick to lead its digital assets area and as of last Christmas they were looking to hire a blockchain lead, where the role is to make investments in digital assets and blockchain firms.
Joe Biden apparently also wanted Michael Barr, who was on Ripple's board of advisors, to be the head of the OCC. Apparently articles like this say that never came about, but crypto experts do seem to be getting pushed into top positions everywhere. There are clearly plans in motion for all of this.
Now I want to talk about Gary Gensler. I'm honestly very disappointed in a lot of you who have given him a hard time on Superstonk, I'm gonna say this as politely as I can; can we all please chill the fuck out with the same asinine Gary Gensler memes getting posted over and over; "dear SEC, please do your job", "it's only his 12th week on the job", "he finally found the power switch for his PC" etc. Gensler is an expert in crypto, he's taught it at MIT so he's clearly an industry expert on this stuff. He was brought on at the time the DTCC's crypto system was supposed to be ready, so he's clearly here for the purpose of helping to introduce and police a new crypto stock market system which will undoubtedly include digitized GME assets, you know - that stock you like. Please just show a modicum of dignity and respect for this man, because he's clearly here to help you, not hurt you. /rant over
Gensler was brought on to replace Jay Clayton) who was Trump's man. Chairs of the SEC are meant to serve 5 year terms, and Clayton only served 3 years before he resigned. Gensler replaced him and there was a possibility that Gensler might have only been brought on to complete Clayton's remaining 2 years, but Gensler got a brand new term of 5 years. To me that says Biden really wants him here and he's here for a purpose. I believe that purpose is to introduce the US to a crypto market system.
Speaking of Jay Clayton, he was made chair of the SEC by Trump and on this appointment Trump said "we need to undo many regulations which have stifled investment in American businesses". Back in 2017 when Trump was inaugurated he was very friendly with Ken Griffin and I'd wager these two definitely had some business between them. If you look at Shitadel's revenue by year do you see that giant leap between 2017 and 2018? I would honestly put some of that down to whatever support Trump via the SEC was giving them. Plus this would have been perfect time to start some new big shorting plan (cough GME) where Shitadel had the support of the president and could help get various regulations changed or removed. I don't have the wrinkles to look into all this too much, but others can if they want.
This article says that there are currently 45 countries working on CBDCs (central bank digital currencies), and yes the DTCC is working on a Digital Dollar. This will likely be something Project Whitney will be looking at. I don't have the energy left to dig into this too much, so if anyone else wants to be my guest. One other point I will say here though is that I don't expect a blockchain based stock market to instantly eliminate all problems we have with the current system, we've all seen how Shitadel is somehow manipulating certain crypto currencies for their own gain. I'm sure they'll find some way to abuse digital stocks too, but in theory this should remove a lot of the current problems.
I honestly don't know what Gamestop's immediate crypto announcement will be, but ultimately they're likely to trade their stock on this new DLT (distributed ledger technology) system. Articles like this share this idea, that Gamestop is working towards digitizing the stock market, check this out:

Imagine a world where you could buy stocks, bonds, derivatives, cryptocurrencies or even pieces of art, all on one exchange, 24 hours a day, seven days a week, from anywhere in the world.

On this exchange, trades occur directly between two investors instead of through a complex latticework of brokers, clearinghouses and other middlemen and gatekeepers. They settle, or close, almost instantly, instead of taking up to two days. The system is cheaper, more transparent and ostensibly more open.

Sounds pretty good, right? The article goes on to say how a company called Blockchain.com has already built the infrastructure needed. Founded in 2011, that company attempted to grow but was stymied because the existing financial industry wouldn’t extend basic services to crypto companies. Blockchain.com had to go on to build the services themselves and today they offer trading, custody, clearing and settlement services to retail and institutional clients trading crypto. The company can now replicate every service in the traditional capital markets. So this technology isn't exactly new, but it received push back from the existing markets in the past. It almost seems like we need a big market crash so everyone can start understanding the need for this...
I'm gonna finish this section by saying BE PATIENT. The DTCC are working on this new system, Gamestop might be working with them, Gensler is likely on the sidelines getting ready to introduce this new system. Plans are in motion and getting impatient about all of this does no one any good. Show mayoman Ken that your hands are made of the toughest diamond around and that you can wait patiently to bring his empire crashing down.

SUMMARY: The DTCC have been working on Projects ION and Whitney since 2015, which aim to bring about a new blockchain based stock market. Shitadel have done an amazing job showing how the current system can be abused and why change is needed. As of Feb this year, the DTCC's new system was not ready, and I think the date of the MOASS might be linked to the completion date of this system. Gary Gensler was obviously brought on to help manage this new crypto system, as he's a crypto expert who has taught this subject at MIT. Larry Fink softened towards crypto in recent years so I believe he would be in favor of a DLT (distributed ledger technology) market. The DTCC are also looking into making their own CBDC (central bank digital currency) which I think will get called the Digital Dollar, and this is likely tied in to this new blockchain system. Gamestop's crypto announcement could well be linked to the DTCC's new system, I very much encourage other apes to dig into this stuff. Final message is BE PATIENT and trust your tendies are coming.

10. Negative Sentiment

I firmly believe that there has been a big FUD campaign against BlackRock for at least the past year, similar to the one we've seen with Gamestop. Ironically, I wouldn't have spotted this if it wasn't for the Gamestop FUD, that's definitely helped open my eyes and shown me you need to question even large MSM companies. How many times have you seen someone on Superstonk posting about the evils of BlackRock and how they're buying up every property in sight or how they're massive supporters of polluting companies because they've held large stakes in oil companies or how their influence is dangerous and you shouldn't trust them? What if I told you most of this is all FUD made by twitter accounts like CulturalHusbandry and other shill accounts?
Look at this post on Superstonk, it's a screenshot of a Tweet with no evidence to back it up yet it got over 5k votes. I'm going to address the housing issue right now. BlackRock's real estate portfolio is tiny compared to other companies:

2018 Real Estate Portfolio
BlackRock managed $24 billion in real estate
Blackstone (an entirely different company) had over $150 billion in real estate
Annaly Capital Management had $105 billion in real estate
American Tower Corporation had $33 billion in real estate

My point here is that there are there are other companies who have far bigger real estate portfolios than BlackRock, and due to BlackRock's immense AUM their amount is going to be a far smaller % proportionally. Articles like this one and this one show that the idea of BlackRock buying every property simply isn't true, or at least it's greatly exaggerated.
And it's not just the housing issue, every time BlackRock has an article saying something positive they're doing, two more will get released arguing the point and saying how BlackRock are hypocrites. Fink wrote letter to CEOs in 2019 saying climate change is an important issue that they need to take seriously, and then articles like this popped up saying how BlackRock are the biggest investors in fossil fuel and that they should practice what they preach.
Regarding BlackRock holding shares in polluting companies, Larry Fink likes to exercise his right to vote against company directors. This article says: "BlackRock announced in its annual investment stewardship report that it cast more than 5,100 votes against company directors in the past 12 months to hold management to account for failing to make headway on a range of issues, from environmental goals and corporate strategy to board diversity. This was 300 more than in the previous year". This clearly shows a reason why Fink would hold stock with poor performing ESG companies, he likes to try and sway their decision making to become better. Fink often speaks out against companies for reasons like pollution, sexism, racism etc.
I've been reading through some of the drivel on that CulturalHusbandry twitter account, and holy fuck I'm starting to think this is Ken Griffin behind that account. They're deeply against Biden, BlackRock and the idea of the 'Great Reset'. Seriously they wrote this whole article on why the Great Reset is just a scam and how the tax payer will foot the bill and how BlackRock can't be trusted. This person clearly has an axe to grind with BlackRock and they've been spewing this BS for so long that even Reddit users are picking up on it and retweeting it. My only ask here is that you do the same as you've done with Gamestop and do your own ~~double down~~ due diligence. You're a smart ape capable of googling as well as anyone, please don't take anything you read at face value anymore (this post included, research yourself!)
The idea of 'The Great Reset' has also received FUD, this UK BBC article shows how it went viral on Facebook last November and became a conspiracy theory. Apparently Canada's Trudeau gave a speech saying the pandemic provided an opportunity for a "reset", and that article goes on to say:

"but some claimed his speech was proof that global leaders were using the pandemic as a pretext to introduce a range of socialist and environmental policies. Thousands of Donald Trump supporters boosted this idea. They claimed that that a victory for Mr Trump in November's election was the only chance to thwart the so-called secret plot."

I don't mean this to get political at all, I'm just showing how these ideas got spread and how the idea of the Great Reset started looking like a conspiracy. I can easily imagine that Shitadel & Co's MSM connections helped spread negative messages about this.
I nearly didn't include this point as it may come across as controversial, but earlier this year (January 26 2021 to be precise) Larry Fink sent that letter out to hundreds of CEOs with the theme of ESG and sustainability, a part of his letter touches on racism and other discrimination in the workplace. Well literally just 6 days later an ex-BlackRock employee, Essma Bengabsia, wrote this piece on how she suffered from Islamophobia, racism, sexism and general harassment while she worked at BlackRock from July 2018 to May 2019. It's a very well written account and the points she raises are horrible to read. You need to understand that I believe her story 100%, I've worked as a manager in 2 major banks and I've seen this kind of discrimination first hand and have had to discipline people for it, so I can fully accept this kind of thing happens in giant companies like BlackRock too. These issues are rampant and need to be taken seriously, so I trust Essma and she comes across well, but consider this: she sat on this story for 2 years and then released this within a week of Larry Fink preaching about weeding out racism and other discrimination. It could just be a coincidence that she chose to publish this right after Fink's letter. In her piece she says "I wrote this shortly after I left BlackRock in 2019 but delayed publishing due to my own hesitation", so fair enough. I fully understand that going through traumatic events like that can take a long time to process and deal with, and you'll especially need to be in the right mindset to release a story like that to the world.
But is it not a possibility that she had previously gone to news stations with her story, they accepted it but told her to wait publishing it until a time that fit their agenda? Within 4 days her petition had thousands of signatures and had been picked up by Businessinsider.com. One of the authors of that article was Rebecca Ungarino who was a previous producer at CNBC and we all know CNBC is a fair and unbiased company /s. I dont know, maybe I'm coming across too tin foil hat right now but the timing of this just smells off to me.
Either way, google BlackRock and you'll get a mixed bag of positive and negative messages just like with Gamestop and I don't think that's a coincidence. If Shitadel & Co know BlackRock has worked against them to cause the MOASS, then of course they'd be pissed off and would disparage BlackRock every chance they got. As DFV said in his original Gamestop thesis, "The negative sentiment is just so overdone". Please please please do your own research going forward and don't fall into the FUD traps.

SUMMARY: Just like with Gamestop, there seems to have been a FUD campaign against BlackRock. Everytime something good comes out about them, you'll see just as many articles saying something negative and why you shouldn't trust them. My theory is that Shitadel & Co know that BlackRock has been working against them and now they're using the same tactics as they're doing with Gamestop. My request to you here is to not take everything you read at face value and do your own research. I'm not telling you to blindly trust BlackRock, but I'm saying they might not be the monsters you think they are if you've bought into the FUD campaign. As DFV said, "The negative sentiment is overdone". Always do you own research.

11. Conclusion

I don't know about you but I feel like we've been on a journey together. I really hope I've helped open your eyes to some new information and maybe some of you can even go on to research further things from this post. I believe Gamestop is a unique situation that didn't happen by random chance. I think there have been moves made over at least the last 4 years to turn it into a ticking time bomb that can be used to bring down the entire global economic system, which will clear a path for a new wave of ESG investment and advancements into a new blockchain based system. I don't know when the MOASS will happen, but my personal opinion is that it's being delayed until the crypto based markets in the background are finished so there can be a smooth transition from our current messed up system to the new one. I do honestly believe 100% that the DTCC, the SEC and massive companies like BlackRock want the MOASS to happen because it will give the perfect opportunity for the new systems to come in.
Apes, I believe we're a part of the latest global revolution and you are a key part of this. Your diamond hands are bringing about change and could well be helping to save the Earth by bringing about an age of ESG investment. Even if I'm wrong about everything in this post and my speculation is way off the mark, ESG is still going to be a massively important issue and if you choose to invest post MOASS I encourage you to do so with ESG and sustainability in mind.