I'm a little slow on the math. Please help

Example in staking.

I have enough ADA to earn 1 Ada each week that is worth 1 US dollar (all of this is made up for simple math because I am an idiot). The day I receive it I owe dividend taxes based on my income at 20someodd percent? I think I have that correct.

Now same day I swap that ADA worth 1 dollar for bitcoin, triggering another taxable event? Because I paid 0 for it as a dividend and am selling it essentially, I am taxed again on the full amount? Twice for over 40%?

Then when I sell that bitcoin it it goes up im taxed on the profit only?

This seems absurd and hard to track.

Widespread crypto adoption - what could the threshold be beyond which there has been sufficient pubic exposure to crypto that it can be considered "mainstream"?

I was wondering this recently - you could buy pizza with bitcoin over 10 years ago, but it was more of a novelty than a "thing" - you've had the crypto ATMs, but again it's not really mainstream.

What kind of event or occurrence would make crypto an ordinary thing for people?

Is it even possible do you think? There's such volatility with crypto prices currently that surely it's going to struggle to be something that ordinary people would ever get paid in (sports stars etc. can afford to absorb the fluctuations of the market since they probably have a stack of conventional assets), and is it realistic to think that any given cryptocurrency will achieve price stability without itself being tied to an underlying fiat currency?

build_bulletin #2

build_bulletin #2:

At the core of this build_ experiment is a high conviction in the value of creation and the spirit of builders helping builders in society. There has never been a more exciting time to be a part of a community of builders with such a seismic shift in how technology affects nearly every industry, society, and even sovereign nations today. It is even reframing the medium of how art can be created, from the linen canvas to an alternate metaverse of dynamic realities. Our hope here at build_ is to unite those who create more than they consume; those who move society forward with the execution of their ideas for the benefit of generations to come.

In light of this, we will be piloting the first build_demo_day here in this Discord server as a proof-of-concept for the build_ ethos. Anyone from anywhere in the world will have a chance to pitch their project to the community on the build_stage. Winning pitches (as voted on by the community) will earn a $1000 non-dilutive grant in Bitcoin. Being an early community, the first demo day event will be triggered after reaching 50 submissions through the form below. 5 finalists will be chosen to pitch on demo day which will be announced in the build_bulletin. Ideally after some inertia, we can increase the grant size and conduct demo days on a monthly or even weekly basis. To submit your project for consideration, fill out the following form: https://buildcities.typeform.com/to/IiULOJtv

Die ersten Blockchain Days 2021 finden kurzfristig auf Burg Königstein bei Frankfurt statt!

​

https://preview.redd.it/j3la8sp1ywf71.jpg?width=1125&format=pjpg&auto=webp&s=e8b9fd215a540e30505a634459ea066cbd09b779

Wir haben spontan die Möglichkeit bekommen ein Bitcoin Event auf Burg Königstein bei Frankfurt zu organisieren. Wir werden damit keinen großen Gewinn machen. Unser Ziel ist es gleichgesinnte miteinander zu verbinden. Schaut gerne vorbei!

https://bitcoin-burg.de/

Just some information about taxes and crypto for those who are interested, For those who are new to crypto i would start looking into how it all works.

The IRS treats virtual currencies like bitcoin as property, meaning that they are taxed in a manner similar to stocks or real property. If you buy one bitcoin for $10,000 and sell it for $50,000, you face $40,000 of taxable capital gains. While this concept is relatively simple, it isn't always clear what constitutes a "taxable event."

Is buying dogecoin with your bitcoin a taxable event? Purchasing a TV with your dogecoin? Buying an NFT with ether? 

All of the above are technically taxable events.

"The government says if I buy something with crypto, it is as if I liquidated my crypto no differently than if I sold any other property," said Taub.

Mining dogecoin for fun qualifies as self-employment income in the eyes of the government. According to cryptocurrency tax software TaxBit – which recently contracted with the IRS to aid the agency in digital currency-related audits – tax rates vary between 10%-37% on mining proceeds. 

"Crypto miners have to pay taxes on the fair market value of the mined coins at the time of receipt," wrote crypto tax attorney Justin Woodward. While there are ways to get creative to minimize this tax burden, such as classifying mining as a business and deducting equipment and electricity expenses, it takes a bit of filing acrobatics to make it work.  

Earning interest on the bitcoin sitting idle in your crypto wallet also counts as income and is taxed as such. Exchanges like Coinbase have also begun to send Form 1099-MISC to taxpayers who earned $600 or more on crypto rewards or staking. 

The IRS crypto crackdown

Crypto trading volume may have fallen off a cliff in the last few weeks, but the overall market value of digital currencies is still up about 75% this year. The IRS has made it clear that it wants a piece of the action.

The agency recently ramped up efforts to subpoena centralized crypto exchanges for information about noncompliant U.S. taxpayers. 

This spring, courts authorized the IRS to issue John Doe summonses to crypto exchange operators Kraken and Circle as a way to find individuals who conducted at least $20,000 of transactions in cryptocurrency from 2016 to 2020. 

The IRS also put this same type of summons to use in 2016, when it went after Coinbase crypto transactions from 2013 to 2015.

Issuing these summons one exchange at a time is a clumsy way to capture noncompliant U.S. taxpayers, but it can be effective, according to Jon Feldhammer, a partner at law firm Baker Botts and a former IRS senior litigator.

In 2019, the IRS announced it was sending letters to more than 10,000 people who potentially failed to report crypto income. 

Rettig said in a statement that taxpayers should take the letter "very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties."

According to Shehan, the infamous "Letter 6173" gave individuals 30 days to respond to the IRS, otherwise they risked having their tax profile examined. Letters went out again in 2020, and a fresh round of these stern warnings are expected to be sent this autumn.

Even the threat of a letter has a lot of people seeking the counsel of accountants as to whether they should get ahead of a potential audit and be proactive about amending past returns.

"A lot of people ask me on Twitter: 'Oh my god, in 2018, I had $200 worth of capital gains I didn't report. What should I do?'" recounted Shehan. "In that case, it just is not worth amending the return to pick up $200 worth of income. ... The high-level thing is that if you didn't do anything intentionally, you are fine.

The IRS is also getting smarter about uncovering crypto tax evaders with the help of new data analytic tools it can employ in-house. 

The agency's partnership with TaxBit is a part of this effort. Taub describes the software as being able to go through cryptocurrency wallets and analyze them to figure out what was bought and sold in crypto. In addition to enlisting the services of the vendor itself, Taub says that IRS agents are being trained up on the software as a way to identify tax dodgers.

Biden's new crypto rules

The president's 2022 budget proposal could lead to a raft of new crypto reporting requirements for those dealing in digital coins.

The U.S. Treasury Department's new "Greenbook," released in May, calls for more comprehensive reporting requirements for crypto, so it's as hard to spend digital currencies without getting reported as it is to spend cash today.

One proposal would require businesses to report to the IRS all cryptocurrency transactions valued at more than $10,000. Another calls for crypto asset exchanges and custodians to report data on user accounts which conduct at least $600 worth of gross inflows or outflows in a given year.

Another potential major blow to crypto holders: Biden's proposal to raise the top tax rate on long-term capital gains to 43.4%, up from 23.8%. 

"Crypto gains are being taxed as any other type of gain in assets, either at long-term capital gains or ordinary rates. President Biden has proposed to eliminate the difference between the two," said David Lesperance, a Toronto-based attorney who specializes in relocating the rich. 

Lesperance told CNBC the proposal would also function retroactively and apply to any transactions which took place after April 28, 2020. 

"This translates into $19,800 in increased capital gains tax for each $100,000 in capital appreciation of crypto," he said.

Amid the rising crypto crackdown here in the U.S., Lesperance has helped clients to expatriate in order to ditch their tax burden altogether. 

"By exercising a properly executed expatriation strategy, the first $750,000 in capital appreciation is tax-free and the individual can organize themselves to pay no U.S. tax at all in the future," he said. 

But Lesperance warned that taxpayers need to move fast. "The runway to execute this strategy is very short," he said.

Smart Contracts for Dummies: What are they and why will they become as much a part of our lives as the internet?

The idea of smart contracts predates the invention of Bitcoin in 2010. However, it was the launch of Ethereum in 2014, with the possibility of programmable blockchain logic, that brought the idea to life. Now this programmable logic — commonly referred to as “smart contracts” — is enabling blockchain technology across a multitude of use cases in different industry sectors.

Smart contracts can be defined as a paperless digital code that offers a set of promises on predefined conditions that the parties have agreed to.

In simple words, the parties can set a condition that can start an action or a series of actions when met.

Smart contracts can be used in a real-estate deal. Both the parties (buyer and seller) can create a smart contract that can automate the deal once the buyer pays the property value to the seller. To make all of these happen, the property first needs to be digitized on blockchain technology. Once done, both parties can carry their deal using smart contracts.

All smart contracts share some common properties.

· Because they exist on the blockchain, they have a state, like RAM in a computer does, and this state is shared across the entire network. So, each node running this blockchain has a copy of the state of the smart contract.

· They cannot be altered. Although there are ways to extend them or replace parts — if such action has been foreseen by the developers — there is no way to covertly manipulate their content without drawing the attention of the network.

· The logic of a smart contract cannot be distorted, so there is no room for interpretation. That is why they’re referred to as a “contract”. They act like an agreement between parties, but one which needs no judge, because the output is produced from the input deterministically.

Smart contracts gave us the opportunity to create any kind of token without having to launch an entirely new blockchain. With the emergence of Ethereum, a token became just a piece of code — a smart contract — with certain functions including enabling the “transfer” of digital assets and the ability to “read” the account content of token holders.

It is possible to create escrow agreements or futures, which are based on the occurrence of certain conditions in order to be released. For example, a smart contract could be programmed to release funds for someone’s birthday each year. It could also be programmed to release payment once someone confirms receipt of delivered goods. It could be used to enforce particular rights for holders of digital assets. Some of these ideas will be explored in a later section of this article covering applications of smart contracts.

Smart contracts refer to computer protocols that digitally facilitate the verification, control, or execution  of an agreement. Smart contracts run on the blockchain platform, which will process all the transactions in a contract; hence, middle men are not required for executing the transactions.

Similar to traditional contracts, smart contracts define rules and penalties around an agreement and automatically enforce those obligations. While they can work independently, many smart contracts can also be implemented together.

The integral components of a smart contract are termed as objects. There are essentially three objects in a smart contract – the signatories, who are the parties involved in the smart contracts that use digital signatures to approve or disapprove the contractual terms; the subject of agreement or contract; and the specific terms.

Uses of Smart Contracts Smart contracts can be used in a variety of fields, from healthcare to supply chains to financial services. Some examples…

Digital Identity
One of the most obvious smart contract use cases is Digital Identity. Individual identity is one of the biggest assets for that individual. It contains reputation, data, and digital assets. The digital identity, if used rightly, can bring new opportunities to the person. Also, digital identity can also help protect the identity from counterparties and enable him to share it with companies that he intends.

For now, the internet allows you to connect to multiple services, but at the same time, unknowingly sharing your identity with the companies and they’re associated with having your identity mapped.

In this case, smart contracts can help counterparties learn about the individual without knowing their true identity or verify transactions. This frictionless KYC can help improve interoperability, resilience, and compliance — all with the use of smart contracts.

Government voting system
Smart contracts provide a secure environment making the voting system less susceptible to manipulation. Votes using smart contracts would be ledger-protected, which is extremely difficult to decode.

Moreover, smart contracts could increase the turnover of voters, which is historically low due to the inefficient system that requires voters to line up, show identity, and complete forms. Voting, when transferred online using smart contracts, can increase the number of participants in a voting system.
 
Healthcare
Blockchain can store the encoded health records of patients with a private key. Only specific individuals would be granted access to the records for privacy concerns. Similarly, research can be conducted confidentially and securely using smart contracts.

All hospital receipts of patients can be stored on the blockchain and automatically shared with insurance companies as proof of service. Moreover, the ledger can be used for different activities, such as managing supplies, supervising drugs, and regulation compliance.
 
Supply chain
Traditionally, supply chains suffer due to paper-based systems where forms pass through multiple channels to get approvals. The laborious process increases the risk of fraud and loss.

Blockchain can nullify such risks by delivering an accessible and secure digital version to parties involved in the chain. Smart contracts can be used for inventory management and the automation of payments and tasks.

Supply chain management is a great, blockchain smart contract use case. By using smart contracts, the supply chain can be improved manifold. For example, it can be used to track items within the supply chain with full visibility and transparency. A business can use smart-contract-powered supply chains and improve its inventory tracking to a granular level.

It also improves other aspects of the business, which are directly connected with the supply chain. Moreover, using smart contracts also means a reduction in verification, and enhanced tracing results in fewer frauds and thefts.

However, to make it work, the institutions need to add additional equipment, including sensors, to their supply chain. More so, it’s a smart contract application example.  
Financial services
Smart contracts help in transforming traditional financial services in multiple ways. In the case of insurance claims, they perform error checking, routing, and transfer payments to the user if everything is found appropriate.

Financial data is very important for any organization. And, this is where the smart contracts come in. They provide the necessary way to data records for a more accurate and transparent financial data collection. With smart contracts, it is easy to manage the uniform recording of data across an organization resulting in reduced auditing costs and reporting.

Finally, it also results in reduced accounting costs and better interoperability among legacy networks and distributed ledger networks.

Loans and Mortgages
Smart contracts can also help improve financial services, including mortgages and loans. To do so, it can connect the parties and ensure that the whole process can be completed in a friction-less way. Moreover, it also provides an error-free process. For instance, the smart contract set up to handle a mortgage can manage it by tracking the payments and releasing the property when the whole loan is paid off.

One more benefit from using smart contracts in financial services is visibility to all the involved parties.

This use case also falls under the Ethereum smart contract use cases.

Insurance
Smart contracts offer significant potential across the insurance sector, in speeding up and streamlining the claims process. A simple example could be in the case of life insurance. The policy terms would be encoded into the smart contract. In the event of a passing, the notarized death certificate would be provided as the input trigger for the smart contract to release the payment to the named beneficiaries.

This can be extended across different types of insurance, providing that the insurer can find a suitable oracle for the input of external data in the event of a claim. For example, in the case of travel disruption, an insurer could use flight data provided by the airlines to serve as a smart contract trigger.

Insurance has always been one of the most use-cases of smart contracts. It is a known fact that most of the disputes happen in the insurance sector. For example, let’s take auto insurance as an example. Here, smart contracts can be used to settle the insurance as soon as possible.

To do so, smart contracts need to utilize a lot of technology, including Internet-of-Things, to facilitate themselves. The smart contract will facilitate the policy and make sure that it has all the proper documentation, including driver reports and driving records, with the use of the technology. If the smart contract is set up with the right policy, documents, and ways to capture data, it can execute itself shortly after the accident. Also, smart contract execution is only done based on the collected data, which ensures that no fraud is done in the process.

The insurance sector can genuinely take advantage of smart contracts and hence is one of the best smart contract use cases out there. More so, it’s a smart contract application example.

High Securities Another one of the useful smart contract real use cases include securities. With smart contracts, capitalization table management can be simplified and improved. This means that there are no intermediaries between the parties, including security custody chains. It can also be used for dividends, automatic payments, liability management, and stock splits.

Also, smart contracts can help reduce operational risk and make workflows digitized.

Escrow
The last use-case that we are going to discuss is escrow. Escrows are the process of storing value between the parties when the contract is still active. For this, the action is taken by the payer to release the funds. However, in the case of smart contract usage, it will be possible to automate the whole thing as soon as the service provider submits its work and authenticates it.

The smart contracts can be very useful for platforms such as Upwork or other freelancing platforms where the platform’s escrow amount is held. There are many companies using smart contracts for this purpose.

Mortgage System
Smart contracts can be effectively used in the mortgage system. It enables mortgages to be automated and ease both the owner and the buyer. To make all of these happen, smart contracts need to be coded according to the mortgage agreement. Once done, the smart contracts can be set into motion, and each step in the process can be automatically executed. The whole process is fast, cheap, and easy. This is one of the real world examples of smart contracts.

Cross Border Payments
Trade Finance can also be revolutionized with the help of smart contracts. There is no doubt that it can help in international goods transfer and trade payment initiations with the use of a Letter of Credit.

Clearly, using smart contracts will improve the liquidity of the financial assets, in return, improving the suppliers, buyers, and institutions’ financial efficiencies.

To make smart contracts work in Trade finance, especially in cross-border payments and international trade, it is necessary to find an industry standard and implement it accordingly. With proper integration, it can surely solve legal complications and offers a better way to solve disputes among parties.

Government
Smart contracts help automate. That’s where it can help the government to manage operations. One of those operations includes land title recording where the government can use to do property transfers.

Land Title Recording requires parties to transfer property with efficiency and transparency. Smart contracts can help do so. Also, using it will reduce auditing costs and also improve transparency within the whole system.

Another use-case for government, including electronic elections, the digital identity that we discussed earlier, and electronic record filing. Governments can explore more smart contract use cases based on their requirement.

Record Storage Smart contract database can be used to record information and also do digitization of real-world assets. You can use a smart contract database to store the records and renew them and release them according to the set parameters. All of these can be done automatically. This is one of the real world examples of smart contracts.

Trading Activities
Another use case of smart contracts in trade finance is trading activities. In this case, the middleman or broker is removed, and his work is automated with the smart contract. This removes the additional cost related to them. There are many companies using smart contracts for this purpose.

Clinical Trials Clinical trials can also improve with smart contracts as they can improve cross-institutional visibility. It can also automate the data sharing between institutions, thanks to the automation and privacy-preserving computations it can do. This is one of the real world examples of smart contracts.

Moreover, smart contracts can also be used to automate the trials and share the information across-industry. To be precise, it can help in identity, authorization, and authentication of the data.

In Conjunction With Other Tech
There are further benefits to be had by integrating blockchain and smart contracts with other technologies. For example, quality checks could be performed by artificial intelligence robots and then payments executed according to the outcome. Internet-of-Things (IoT) enabled smart containers could send data instructing a smart contract to hold back payment. This could happen, for example, if temperatures weren’t maintained throughout the transport of perishable goods, or if containers have been opened by an unauthorized individual.

Smart contracts incorporate critical tools for bookkeeping and eliminate the possibility of infiltration of accounting records. They also enable shareholders to take part in decision making in a transparent way. Also, they help in trade clearing, where the funds are transferred once the amounts of trade settlements are calculated.

Benefits of Smart Contracts
 
Autonomy and savings
Smart contracts do not need brokers or other intermediaries to confirm the agreement; thus, they eliminate the risk of manipulation by third parties. Moreover, the absence of intermediary in smart contracts results in cost savings.

Backup
All the documents stored on blockchain are duplicated multiple times; thus, originals can be restored in the event of any data loss.
 
Safety
Another aspect of smart contracts that makes them amazing is their security. It enables processes to work in a secure manner. The encryption also makes smart contracts work as intended. As smart contracts run on networks with immutable data, the data generated by them cannot be changed or altered in any way. This way, all information is kept secure. Smart contracts are encrypted, and cryptography keeps all the documents safe from infiltration.
 
Speed
The autonomous smart contracts executed way faster compared to the old fashioned traditional approach. Smart contracts automate tasks by using computer protocols, saving hours of various business processes. Smart contracts are interruption-free. This means that once they are started execution, they cannot be stopped or interrupted. As all the parameters are already defined within the smart contracts, it only needs to match them before it starts executing.
 
Accuracy
Using smart contracts results in the elimination of errors that occur due to manual filling of numerous forms. Smart contracts are error-free and accurate. The only issue is that they need to be coded correctly so that they execute error-free. For example, if you are filing your taxes, you can make errors while doing so. However, if you use a smart contract to do it for you, then it will be an error-free approach.

Trustless
The whole system is trustless. This means that there is no need to trust other parties. Sounds counter-intuitive? Well, in simple words, it means that there is no need to trust the parties to carry out a transaction. A transaction or a trade does not require trust as its integral part. As smart contracts run on a decentralized network, this means that the whole network is trustless.

Limitations of Smart Contracts
 
Difficult to change
Changing smart contract processes is almost impossible, any error in the code can be time-consuming and expensive to correct.

Possibility of loopholes
According to the concept of good faith, parties will deal fairly and not get benefits unethically from a contract. However, using smart contracts makes it difficult to ensure that the terms are met according to what was agreed upon.
 
Third party
Although smart contracts seek to eliminate third-party involvement, it is not possible to eliminate them. Third parties assume different roles from the ones they take in traditional contracts. For example, lawyers will not be needed to prepare individual contracts; however, they will be needed by developers to understand the terms to create codes for smart contracts.
 
Vague terms
Since contracts include terms that are not always understood, smart contracts are not always able to handle terms and conditions that are vague.

These are just a handful of examples. Smart contracts have opened up a world of possibility for the many use cases of blockchain that we see today. As the technology develops, it’s beyond doubt that smart contracts will become as much a part of our everyday lives as the internet.

Content compiled directly from these three sources:

https://101blockchains.com/smart-contract-use-cases/

https://medium.com/coreledger/what-are-smart-contracts-a-breakdown-for-beginners-92ac68ebdbeb

https://corporatefinanceinstitute.com/resources/knowledge/deals/smart-contracts/

List of Today's and Tomorrow's Upcoming Events

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

 

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ADD AN EVENT

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NEXT DAY UPCOMING EVENTS

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General

Donationcoin(DON)	Open DAPP to Public	August 8, 2021
Ethernity Chain(ERN)	NFT Drop	August 8, 2021
ETNA Network(ETNA)	Play to Earn Game Demo	August 8, 2021
Hybrix(HY)	Hybrix V1 Launch	August 8, 2021
Less Network(LESS)	Less Network Staking Live	August 8, 2021
Gulag Token(GULAG)	Live AMA	August 8, 2021
BurstOcean(OCEAN)	Round 8 Voting	August 9, 2021
Voyager Token(VGX)	Token Swap	August 9, 2021
MobieCoin(MBX)	AMA	August 9, 2021
Polkadex(PDEX)	Polkapool Demo	August 9, 2021
Kirobo(KIRO)	Community AMA	August 9, 2021

 

Blockchains

Stipend(SPD)	Stipend Update	August 8, 2021
SwftCoin(SWFTC)	AMA: SALV X SWFTC	August 9, 2021

 

Exchanges

Sanshu Inu(SANSHU)	XT Listing	August 8, 2021
Agoras Tokens(AGRS)	ProBit Listing	August 9, 2021
Tower(TOWER)	BitMart Listing	August 9, 2021
Saitama Inu(SAITAMA)	LBank Listing	August 9, 2021
Aquari(AQUARI)	P2PB2B Listing	August 9, 2021
Gambler Shiba(GSHIBA)	Coinsbit Listing	August 9, 2021

 

Air Drops

Secured MoonRat Token(SMRAT)	EarnBUSD Learn & Earn	August 8, 2021

 

Conferences

General Event(CRYPTO)	Indonesian Blockchain Con	August 9, 2021

 

Meetups

Bitcoin SV(BSV)	Wales Online Meetup	August 9, 2021

 

 

List of Today's and Tomorrow's Upcoming Events

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

 

https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

 

ADD AN EVENT

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

 

NEXT DAY UPCOMING EVENTS

---

 

General

Donationcoin(DON)	Open DAPP to Public	August 8, 2021
Ethernity Chain(ERN)	NFT Drop	August 8, 2021
ETNA Network(ETNA)	Play to Earn Game Demo	August 8, 2021
Hybrix(HY)	Hybrix V1 Launch	August 8, 2021
Less Network(LESS)	Less Network Staking Live	August 8, 2021
Gulag Token(GULAG)	Live AMA	August 8, 2021
BurstOcean(OCEAN)	Round 8 Voting	August 9, 2021
Voyager Token(VGX)	Token Swap	August 9, 2021
MobieCoin(MBX)	AMA	August 9, 2021
Polkadex(PDEX)	Polkapool Demo	August 9, 2021
Kirobo(KIRO)	Community AMA	August 9, 2021

 

Blockchains

Stipend(SPD)	Stipend Update	August 8, 2021
SwftCoin(SWFTC)	AMA: SALV X SWFTC	August 9, 2021

 

Exchanges

Sanshu Inu(SANSHU)	XT Listing	August 8, 2021
Agoras Tokens(AGRS)	ProBit Listing	August 9, 2021
Tower(TOWER)	BitMart Listing	August 9, 2021
Saitama Inu(SAITAMA)	LBank Listing	August 9, 2021
Aquari(AQUARI)	P2PB2B Listing	August 9, 2021
Gambler Shiba(GSHIBA)	Coinsbit Listing	August 9, 2021

 

Air Drops

Secured MoonRat Token(SMRAT)	EarnBUSD Learn & Earn	August 8, 2021

 

Conferences

General Event(CRYPTO)	Indonesian Blockchain Con	August 9, 2021

 

Meetups

Bitcoin SV(BSV)	Wales Online Meetup	August 9, 2021

 

 

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Cardano Rumor Rundown August 8, 2021

Hey Everyone!

Let's go...

Newly covered today:

1. Senator Warner made not one but two revisions to his amendment to the crypto provisions in the Infrastructure Bill. Both revisions were good for Cardano since they included proof-of-stake implicitly and then explicitly. https://twitter.com/jerrybrito/status/1424040216961114112 https://twitter.com/jerrybrito/status/1424074177770921992
2. Both Gene Simmons and Ted Cruz came out in support of the competing Wyden-Lummis-Toomey Amendment to the Infrastructure Bill. Gene Simmons has previously revealed his Cardano purchases. https://twitter.com/tedcruz/status/1424097173172637697
3. After the Senate called it a day on the Infrastructure Bill Amendment debate, it sounded like there might have been some dealmaking going on among Wyden, Portman, Warner, and Toomey. The Senate will be back at it tomorrow at Noon. https://twitter.com/mikedebonis/status/1424143941914566659

Previously Covered but still interesting:

1. 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
2. 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
3. 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
4. Here’s a great new interview with the CEO of World Mobile from Cardano Chats. https://youtu.be/w0Z2RP6a9HE
5. New article from the Cardano Foundation on Governance. https://forum.cardano.org/t/blockchain-governance-what-it-is-and-why-it-matters/65493
6. Sebastien explains some Alonzo HFC event changes. https://twitter.com/SebastienGllmt/status/1409485560012414978
7. 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
8. Sebastien of dcSpark submits a Cardano Improvement Proposal to allow wallets to implement collateral. https://twitter.com/SebastienGllmt/status/1409910858117877763
9. Coti update from Shahaf Bar-Geffen. https://twitter.com/COTInetwork/status/1410644013863124992
10. 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/
11. 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/
12. 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
13. Catalyst Fund 4 results are here. https://adapulse.io/fund-4-results-are-here/
14. 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
15. 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
16. 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
17. 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
18. Ben O’Hanlon sets the record straight on developer interest in Cardano. https://twitter.com/benohanlon/status/1412136150404370432
19. As always, Cardano is straight killing the competition in terms of assets staked. https://twitter.com/StakingRewards/status/1412389781003194395
20. 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
21. 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
22. Cardano Gainz Calculator now has a graph showing 10 year growth. https://twitter.com/lesquive1/status/1413249312465866757
23. 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
24. Great new interview with World Mobile’s Mickey Watkins, Charles, and John O’Connor. https://youtu.be/WSSpI8Rtif0
25. This infographic shows just how big the Cardano DeFi space is getting. https://twitter.com/BPE_Crypto/status/1413973912396963840
26. This infographic shows just how much DeFi volume is out there for Cardano to steal. https://twitter.com/Coin98Analytics/status/1413514041029394439/photo/1
27. There is a new stakepool explorer available. https://www.cardanoworld.io/
28. 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
29. 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
30. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
31. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
32. 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
33. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
34. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
35. 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
36. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
37. Very serious accusations are laid out against the Meld project. https://twitter.com/Bobme808/status/1415283648438358016
38. 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
39. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
40. 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
41. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
42. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
43. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
44. 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
45. 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
46. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
47. 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
48. The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
49. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
50. The El Faro article reporting meetings between Cardano, Whizgrid of Cyprus, and the brothers of President Bukele of El Salvador definitely contain some extremely interesting details related to a possible Salvadorean national stablecoin by the end of the year and a possible digitization and blockchain storage of a wide range of government related documents next year. This could be huge!!!!!! https://elfaro.net/en/202107/el_salvador/25611/Bukele-Plans-to-Launch-a-National-Cryptocurrency-This-Year.htm
51. Treasury Secretary Janet Yellen told regulators in the Presidents Working Group on Financial Markets that they must move quickly to regulate stablecoins. So, a Salvadorean market for stablecoins might be good for Cardano. https://www.reuters.com/technology/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19/
52. Notable news for upcoming Cardano DeFi projects. There may be slightly less competition in the “get a return on your crypto assets” game very soon. The New Jersey AG’s office has delivered a cease and desist letter to BlockFi. The AG’s press release cited BlockFi’s interest bearing deposit accounts as unregistered securities and also mentioned the lack of FDIC or SPIC insurance for it’s depositors. This leaves some lingering questions for Cardano DeFi projects that might be planning to accept deposits or other transfers of value and offering a return of sorts. You could argue that these projects are decentralized where BlockFi was not. But, the AG’s press release seems to cite decentralization as one of the risks of DeFi projects. Also, as a practical matter, there is a question whether decentralization will be a good shield from regulators since many of these projects have companies and real humans with faces and names behind them unlike a truly anonymous founder such as Satoshi Nakamoto. https://www.njoag.gov/new-jersey-bureau-of-securities-orders-cryptocurrency-company-blockfi-to-stop-offering-interest-bearing-accounts/ https://twitter.com/BlockFiZac/status/1417316834244796416
53. EU is planning to introduce regulations on anonymous crypto wallets. This is a big deal. But, Cardano is probably more prepared than any with its identity solutions that could be used for KYC/AML. https://twitter.com/Wiiinnie/status/1417575921565978628
54. Cardano didn’t come up in the Cathie Wood, Jack Dorsey, and Elon Musk panel discussion at “The B Word” event. But, given how Elon repeatedly shot down maximalist explanations for the shortcomings of proof-of-work chains in energy consumption and throughput, the whole thing ended up sounding like a long-form pitch for proof-of-stake and Cardano. Seriously, you should check it out. https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment
55. Gary Gensler, SEC Chair, indicates that crypto assets providing synthetic exposure to securities will be regulated as securities. This should be scary news for any Cardano projects that are aimed at exactly that! https://www.sec.gov/news/speech/gensler-remarks-aba-derivatives-futures-law-committee-virtual-mid-year-program-072121
56. The mainstream press is suddenly realizing the behavioral economics tools that a central bank with CBDCs could wield. There is definitely a universe where this becomes a very dystopian and jarring introduction to virtual currencies for the mainstream. https://twitter.com/NeerajKA/status/1418168477429424135
57. Wolfram CEO, John Woodard, drops a guest article with IOHK on NFT liveminting. The article seems to have a good amount of focus on the community building potential of NFTs. I think that could be a big growth area for the future. https://iohk.io/en/blog/posts/2021/07/22/wolfram-and-cardano-build-communities-with-nfts-and-liveminting/
58. IOHK has released its Conclave paper on collective stakepools. https://eprint.iacr.org/2021/742.pdf
59. Here’s the IOHK Development Update for July 23! https://twitter.com/InputOutputHK/status/1418635822987943939
60. Cardano received some coverage in the Motley Fool as an eco-friendly crypto! https://www.fool.com/the-ascent/cryptocurrency/articles/4-eco-friendly-cryptos-you-should-know-about/
61. Big lesson for future Cardano DeFi projects: Uniswap Labs just had to censor the Uniswap UI to ban synthetics of underlying securities. Bucket shops have been around for 150 years and illegal for 100 years. It turns out that you can’t do it in crypto either. https://twitter.com/Uniswap/status/1418697012095164420 https://twitter.com/haydenzadams/status/1418961999539712006
62. Check out this new video of the World Mobile Team on the ground in Zanzibar. Doesn’t this feel like a better mission for our ecosystem than DeFi? https://twitter.com/WorldMobileTeam/status/1419051567878221828
63. Reports are coming in that Amazon plans to integrate Bitcoin, Cardano, ETH, & BCH in the very near future. This has apparently been a work in progress for several years. https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/
64. Adam Dean brings us open source code to accept ADA in your Woo Commerce store. https://twitter.com/adamKDean/status/1419495005983371264
65. Weiss Crypto has very good things to say about Cardano. https://twitter.com/WeissCrypto/status/1419685634566938634
66. Check out this new bot that tweets every time it discovers a Cardano Giveaway Scam! The tweets show ISP and geolocation info for the scammers. Follow this bot and report the scammers! Brought to us by @nicknikiforakis. Thanks for building this, Nick! https://twitter.com/CardanoPhishing
67. The regulatory purge of stablecoins is getting into full swing now with Bloomberg running a piece on a DOJ criminal probe of the Tether founders. Of particular note for the Cardano ecosystem is that the first attack surface for regulators is the relationship of the stablecoin with legacy banking institutions. This is something that Cardano ecosystem stablecoin, Djed, may already fix with its own crypto backed reserve system. https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud?srnd=economics-vp
68. Nami Wallet now allows you to mint NFTs for no extra fees (only Cardano network fees) inside the wallet. https://twitter.com/NamiWallet/status/1420031000017608717
69. More pressure for Crypto regulation is coming to bear today in the U.S. This time it comes in the form of a letter from Senator Elizabethe Warren to Treasury Secretary Janet Yellen (in her position as Chair of the Financial Stability Oversight Council which brings together 10 different financial regulators including the SEC, CFTC, and the Federal Reserve). The letter was sent after a Senate Banking Committee hearing titled “Cryptocurrencies: What are they good for?” https://www.cnbc.com/2021/07/27/elizabeth-warren-presses-yellen-financial-regulator-to-manage-crypto.html
70. Stephen Wolfram does the first NFT liveminting event where he creates NFTs of cellular automata from the computational universe while live on stream. The first two created were “Crashing Waves” and “Down Arrows”. https://twitter.com/IOHK_Charles/status/1420087229104283656
71. A new Cardano NFT Marketplace is now live and receiving a lot of attention. https://twitter.com/CNFT_IO/status/1419655915226152961
72. Project Catalyst now has 30k members! https://twitter.com/InputOutputHK/status/1420474342253678599
73. Emurgo has released an article about what we can expect from the Yoroi dApp Connector. https://emurgo.io/blog/emurgo-is-thrilled-to-announce-the-yoroi-dapp-connector
74. Reports are coming in that the new bipartisan Infrastructure Bill contains new provisions that might require a whole host of actors within crypto ecosystems like Cardano to report transactions over $10k. https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-tax https://www.marketwatch.com/story/crypto-allies-rally-against-ignorant-new-tax-rules-in-bipartisan-infrastructure-deal-11627578844 https://twitter.com/jerrybrito/status/1420724068286926853
75. But this bill is an even bigger deal. If passed as-is, we can probably say RIP to the Wild West Era of crypto (2009-2021). https://beyer.house.gov/news/documentsingle.aspx?DocumentID=5307
76. The July Cardano 360 can now be viewed on Youtube. https://youtu.be/AG5DspF9tuA
77. John O’Connor was on SkyNews discussing the Ethiopian Ministry of Education project! He stressed that this was not a profit center for IOHK, and had a chance to refute the “crypto colonialism” strain of thought. https://vimeo.com/581137605
78. We are kings of the github commits once again! https://twitter.com/ProofofGitHub/status/1421138529908842502
79. The differences between the currently dominant smart contract blockchain and Cardano’s upcoming smart contract architecture keep getting highlighted by dramatic failures of the former. https://twitter.com/WeissCrypto/status/1421064543900418048
80. Don’t forget that registration for the Cardano Summit is live. https://summit.cardano.org
81. In case you missed the July Cardano 360 and don’t have a lot of time. Here is the always great Cardano 360 Mini! https://twitter.com/InputOutputHK/status/1421803459997835266
82. Reports are coming in that we’ve got final language from the crypto tax reporting piece of the Infrastructure Bill. It’s better but not great or even good. https://twitter.com/jerrybrito/status/1422002228102107142
83. The Charles AMAs returned on August 1 after a brief break. https://www.youtube.com/watch?v=yKY6VwVq02s
84. A quarter million votes were cast in Catalyst Fund 5 voting! Apparently, this is over 10x what we saw in Fund 2. https://twitter.com/danny_cryptofay/status/1422253955816505345
85. Here’s a very good read on one vision for prosperity via CBDC and how such a currency should interact with existing blockchains like Cardano. https://twitter.com/RealNatashaChe/status/1422270993498705921
86. Cardano has been listed by Bitpoint in Japan! https://www.bitpoint.co.jp/news/info/info-2021080301/
87. Senators Wyden and Toomey are trying to fix the crypto provisions in the Infrastructure Bill! https://www.bloomberg.com/news/articles/2021-08-03/crypto-rules-in-infrastructure-bill-eyed-for-bipartisan-rewrite
88. SEC Chair Gensler gave another speech strongly signaling that a lot of stablecoins, lending platforms, synthetics platforms, and other DeFi projects are probably non-compliant in the eyes of the SEC. I would heed this warning very carefully if I were one of those projects. https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03 https://www.youtube.com/watch?v=tusQLLCgrDs
89. The Yoroi Wallet is already making improvements in preparation for the dApp Connector release! https://twitter.com/YoroiWallet/status/1422905221793996809
90. We’re now up to 5 different states that are getting after BlockFi for their crypto lending activities. Reportedly, this includes New Jersey, Vermont, Alabama, Kentucky, & Texas. Probably relevant for those building lending solutions on Cardano. https://www.coindesk.com/blockfi-receives-fifth-cease-and-desist-from-kentucky-financial-regulator
91. Charles dropped an update to let us know that Light Purple Alonzo will come next week. That will bring in exchange partners. Mid-month there will be an update with official dates given for a primary date and a fallback date for triggering the hardfork combinator event. The fallback date will likely be one epoch (five days later). Part of this depends on how the exchange partners are doing with their integrations. Charles says it looks like late August or the first week of September. There will be a live HFC party where they will deploy “some things” minutes after the HFC. The Plutus Application Backend (PAB) might be integrated on something like September 10th. https://www.youtube.com/watch?v=8y261_eImsE
92. Cardano’s closest competitor, Ethereum, carries out it’s EIP-1559 London Fork which creates a new transaction fee scheme including some burning of fees and a more predictable base fee with an additional tip option on top. While the long term impact is unclear, the immediate aftermath of the fork seems to be even higher fees. We’ll see if this is just due to high transaction volume at the moment. Of course, part of this is already solved by Cardano’s deterministic fee system enabled by its local state as opposed to the global state in the Ethereum system. https://twitter.com/Birdson64827145/status/1423324771303972867
93. Senators Toomey, Wyden, & Lummis took to the Senate Floor to plead for a vote on their amendment which would fix the overly broad crypto tax reporting provisions in the Infrastructure Bill. https://twitter.com/jerrybrito/status/1423381402905726983 https://twitter.com/jerrybrito/status/1423413806634577922
94. The Toomey, Lummis, Wyden Amendment was then challenged by a competing amendment from Senators Warner, Portman, and Sinema which only excluded proof-of-work block validators and sellers of wallets from the tax reporting requirements. This terrible competing amendment was then immediately endorsed by the White House. This is a serious danger to our industry! Please call your Senators and ask them to support the Toomey/Wyden/Lummis Amendment! https://twitter.com/jerrybrito/status/1423429377459736577 https://twitter.com/WardDPatrick/status/1423464991441702912
95. Charles announces the Alonzo Purple testnet is out! Many new segments of partners and others will be onboarding with availability to any developer soon! https://twitter.com/InputOutputHK/status/1423704788512952331 https://www.youtube.com/watch?v=ZTExHbqVHAM
96. It turns out that Janet Yellen lobbied lawmakers on Thursday against the Wyden-Toomey-Lummis Amendment according to the Washington Post. https://www.washingtonpost.com/politics/2021/08/06/crypto-bitcoin-infrastructure-senat
97. Check out this awesome “12 Facts” style article about Alonzo from Sebastien Guillemot form dcSpark. https://medium.com/dcspark/do-you-know-what-is-included-in-cardanos-alonzo-hardfork-changes-96cde16a8305

~Army of Spies

The Origins of the Popular Crypto Memes

The Bogdanoff Twins

https://preview.redd.it/hktq11zgi4g71.jpg?width=640&format=pjpg&auto=webp&s=4edb1989c130df796a4fec325e3e98882e9f7f2b

Igor and Grichka Yourievitch Bogdanoff are French twin brothers who are TV presenters, producers, and scientific essayists. The two have been involved in a number of controversies, most notably the Bogdanov affair, however, their personalities, family origins, and physical appearances are often more than enough fodder for Internet forums.

In December 2016, 4chan users ironically suggested the twins had an immense influence on French politics, and thus a meme was born.

https://preview.redd.it/8hn2ac4mi4g71.png?width=680&format=png&auto=webp&s=b3a4227e6948a78c37ec4937d9e727a830afd54e

Apparently the twins have done it all, from contact with aliens to possession of psychic abilities to discovery of the ark of the covenant. Their sphere of influence is so farreaching that...they can destroy Bitcoin’s market cap with a phone call?

​

THE BART PATTERN

https://preview.redd.it/d8uub8uti4g71.png?width=587&format=png&auto=webp&s=51393c3818d0ca35b6fec549223da4db85873e9c

Bart patterns typically make an appearance during quiet sessions, waking the market with a big spike, followed by small price consolidations, and then another spike that is at least comparable to the first.

​

BITCONNECT CARLOS

https://preview.redd.it/mvs2h052j4g71.png?width=743&format=png&auto=webp&s=804592db3b42df1f6b30796353d8c5bdeb61c669

On October 28, 2017, BitConnect held its first annual ceremony in Pattaya, Thailand. During the event, Carlos Matos was recorded giving an enthusiastic presentation and testimonial about BitConnect. Filled with zealous yells of “Bitcooooonect!” and “Wassup!,” Matos’ presentation perfectly represented the bull market that was Q4 of 2017, when projects skyrocketed overnight. (Of course Bitconnect is dead right now.)

​

GREEN WOJAK

https://preview.redd.it/fa3km2aej4g71.jpg?width=300&format=pjpg&auto=webp&s=9000d82ce78e4a1c292e77ed8202425c804b7254

Green Wojak is a variation of the popular Wojak meme, also known as “feels guy.” The original Wojak is a simple black-outlined drawing of a bald man, often used to express feelings of regret and loneliness.

Green Wojak, Wojak’s green-tinted version, represents the optimistic outlook among those who invested heavily in crypto and are poised to enjoy some financial success.

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FUNDS ARE SAFU

According to Binance:

During an unscheduled maintenance, Changpeng Zhao (CZ), the Binance CEO, tweeted out to users stating:

Funds are safe

After this, the phrase “Funds are safe” became regularly used by CZ to ensure users were aware that their funds were, in fact, safe.

Later, on May 19, 2018, a content creator named “Bizonacci” uploaded a video, titled “Funds Are Safu” on youtube. The video quickly spread and became a viral meme. The phrase “Funds are safe” was no longer used, and instead, the community began using the phrase “Funds are safu”

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HODL

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Originally an unintentional misspelling of the word "hold" in a Bitcoin Talk Forums post, “hodl” has become a common phrase in the crypto community. Hodl means to remain invested in crypto and not sell, especially in light of plunging prices. Following the term's popular use, the backronym "hold on for dear life" was adopted.

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THIS IS GOOD FOR BITCOIN

Originally, “this is good for Bitcoin,” was a common phrase in r/ bitcoin in response to news related to Bitcoin’s development. Once the phrase became overused, it took on a more ironic meaning, applied to negative issues whether they were related to Bitcoin or not.

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MONEY PRINTER GO BRRR

In March 2020, the Federal Reserve printed $2.3 trillion to assist a COVID-battered economy, resulting in the creation of the "Money Printer go Brrr" or "Fed go Brrr" meme.

Money printer go brrr

Свежие скрепы, товарищи!

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