Wednesday, August 18, 2021

What Happens to Bitcoin in the Event of an Ethereum Flippening?

Ok, we've seen it in the headlines this week.

I am not saying this is going to happen, but lets address the speculation.

Some analysts are claiming Ethereum is heading into a liquidity crisis. Some even speculate the price will skyrocket as more and more ETH gets burned. If this happens, the hordes and masses will start rushing in, potentially leading to a flippening.

What happens to BTC if ETH takes the lead in market share? The biggest argument for BTC is that it's king, and will always be king.

What happens if it's no longer king?


Lost 28% so far on my original LPs due to impermanent loss

Hi guys,

I currently have around 313 LP in the liquidity pools in BONE- ETH. I have lost 28 percent on the LPs due to impermanent loss. I went all-in on the liquidity pools during the event, I should have placed half my cash into Bitcoin, Ethereum and other atl coins upon reflection.

I know I only lose out, if I pull out, but with Bone price decreasing and Ethereum increasing very quickly I think I'm in for some steep losses before the ratio of the 2 balances out again. I know there is a lot of uncertainly, especially how far BONE will decrease when the 6-month WOOF date comes along.

I just wanted to ask for your opinion, what would you do in my situation?


foobeeapp

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ETHEREUM TO EXCEED BITCOIN’S VALUE WITHIN FIVE YEARS: DEVERE CEO

Ethereum will continue to outperform Bitcoin in 2021 and will, ultimately, exceed its rival’s value, predicts the CEO of one of the world’s largest independent financial advisory, asset manager, and fintech organizations.

The prediction from Nigel Green, chief executive and founder of deVere Group which launched the pioneering app deVere Crypto in 2018, comes after a mixed few days for Bitcoin, currently the world’s largest cryptocurrency by market capitalization.

Mr. Green comments: “Ethereum (ETH) is outperforming Bitcoin (BTC) and it can be expected to continue this trend for the rest of 2021.

“Ether is up around 240% this year, while Bitcoin is up less than 38%. In fact, it has outperformed all other benchmark assets in the first half of this year.”

The deVere boss attributes two key factors that are driving Ethereum’s outperformance run.

“First, Ether has a higher level of real-use potential as Ethereum, the platform on which it is the native cryptocurrency, is the most in-demand development platform for smart contracts, thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility,” he says.

“Second, investor enthusiasm for the game-changing transition to ETH 2.0, which makes the Ethereum network considerably more scalable, sustainable and secure. These upgrades represent a major boost not just for Ethereum but for blockchain technology itself.”

He continues: “Ethereum is more useful than Bitcoin and has tech advantages over its better-known rival.

“Ultimately, this will mean that its value will exceed that of Bitcoin – probably within five years.

“That said, I remain confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021.”

The deVere boss is one of the highest-profile, longest-standing crypto bulls. Last month he was quoted in the media as saying “crypto is the inevitable future.”

The bold predictions followed a live virtual event at which Tesla and Space X founder Elon Musk, Twitter founder Jack Dorsey, and Ark Investment’s Cathie Wood all advocated for the digital assets and talked about their massive future potential.

Nigel Green concludes: “There will be peaks and troughs along the way of course, but Ethereum’s ascent to the top of the crypto-verse seems unstoppable


WHEN THE SPOOKS GET NERVOUS

Palantir Buys Over $50 Million Of Gold Bars: "Preparing For A Future With More Black Swans" Tyler Durden's Photo by Tyler Durden Wednesday, Aug 18, 2021 - 09:45 AM Anyone watching Tuesday's US market cash session sees red across the board. One of the strongest sell programs in months dumped stocks at the start of trading on Tuesday, and equity volatility spiked to the upside. As Nomura warned looking the arcane gamma topology underpinning the market, this could be the beginning of a market storm. And ahead of what could be further market turmoil, Palantir Technologies warned about an upcoming "black swan event," according to Bloomberg.

The software company, co-founded by the technology billionaire Peter Thiel and CEO Alex Karp, wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month. The filing also said it acquired technology startups, blank-check companies, and even cryptocurrencies.

Palantir had previously said it would accept Bitcoin as a form of payment for its services, along with payment in precious metals (however Bloomberg quoted a spokeswoman from Palantir who said no clients have paid in Bitcoin or gold yet).

Shyam Sankar, the COO of Palantir, said accepting nontraditional forms of payment "reflects more of a worldview," adding: "you have to be prepared for a future with more black swan events."

Palantir's 100-ounce gold bars are expected to be stored in an undisclosed vault in the US Northeast.

"The company can take physical possession of the gold bars stored at the facility at any time with reasonable notice," Palantir wrote.

None of this comes as a surprise that the loss of faith in those "who control the money" [Federal Reserve] - cryptocurrencies and precious physical metals are becoming a popular hedge for when the system implodes.

Palantir co-founder Joe Lonsdale was quoted not too long ago, saying, "idiots are running the Fed." Lonsdale was referencing the unconventional monetary policy that has helped balloon the national debt by over $5 trillion since early March 2020, to $28.4 trillion and set the US dollar on collision course with loss of reserve status.

What is remarkable is that foreign holders of US Treasury Debt accounted for only a quarter of the spiking US National Debt (red line, right scale), the second-lowest end-of-quarter percentage since 2007 (via Wolf Street):

Palantir's move into physical gold and cryptocurrencies is continuing the global de-dollarization trend...

Mike Krieger of Liberty Blitzkrieg tweeted about Palantir's gold buying and warning of another "black swan event" by saying: "When the spooks tell you a false flag is coming, a false flag is coming."

Palantir is not alone as SchiffGold notes that Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, according to data released by the China Gold Association (CGA). China ranks as the world’s number one gold consumer and the Chinese market has a significant impact on global demand.

Demand was up 69.2%, coming in at just over 547 tons through the first 6 months of the year. China’s year-on-year gold consumption surged 93.9% in the first quarter alone. Gold demand wasn’t just up compared to 2020, a year of economic distress due to coronavirus. It was up 4.49% above pre-pandemic levels in 2019.


Is it possible for someone to remotely access Android phone front-facing camera through a website?

Hey all, i'm extremely panicked right now. I received an email in my spam inbox sometime this month saying that they had incriminating evidence of me visiting an XXX website and what I assume to be a recording via my camera phone at the time. They demanded money and bitcoin (I don't even have this), and the email subject was one of my passwords, which is what initially caught my eye. In my panic, I deleted the email, which apparently permanently deletes it. I'm realizing that was stupid to do but I can't undo it anymore.

I don't know what to do and I'm scared that this will get out to my family/friends/work and I literally cannot think about what that would be like. My life has finally come together in the recent few years and I feel like I'm going to lose it all now. I'm shaking as I'm typing this and I'm so scared and feel so fucking stupid for deleting the email. I have no idea how they got my password and I guess I'm looking to see if what they said was possible. I don't even know what I'm asking, I just need some help.

They did mention the word malware, so I guess I also need to remove malware from my phone. I haven't noticed any increased data or battery usage, but again I really don't know.

Any help would be appreciated, thank you.

Edit: It's been a day since I discovered this. I also learned today that my cell phone carrier had a data breach pretty recently, so I'm wondering if the events are connected. That could explain how they knew my mobile browser history. I'm really hoping they are bluffing regarding the video evidence. Thank you to everyone that responded, I really appreciate all of you.


Subtipper has just tipped the top posts for this community! [00:38 GMT August 19, 2021]

Thanks to all posters for providing great content!

The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 1577 sats per vote.

For an explanation of Subtipper and how it works, please see this article.

 

Winning posts:


Reminder the USD is a terrible store of value. by u/1BitcoinWebsite

[tip] - 812155 sats = 0.00812155 BCH = ~5.15 USD


Paying for Lowe’s with BTC. Hodlers get at me. by u/jaygee10001

[tip] - 316977 sats = 0.00316977 BCH = ~2.01 USD


“ Whenever people refer to all of crypto as "BTC", I try to remember that people used to refer to the whole internet as "AOL".” 💡 by u/Egon_1

[tip] - 231819 sats = 0.00231819 BCH = ~1.47 USD


A clone of Ethereum with scaling improvements has just been launched on top of Bitcoin Cash. one billion gas every 15 seconds, DAO is coming soon. It's called Smart BCH and it allows any Ethereum dapp to be ported to BCH to take advantage of lower gas fees. by u/i_have_chosen_a_name

[tip] - 227088 sats = 0.00227088 BCH = ~1.44 USD


Announcing Bitcoin Cash Node v23.1.0 by u/ftrader

[tip] - 175047 sats = 0.00175047 BCH = ~1.11 USD


David Bond on Twitter: "Bitcoin Beach" is apparently a lie. They're not using bitcoin, but some custodial bank lightning coin KYC app called "strike" and a REGION LOCKED "wallet" called Bitcoin Beach. What a joke. by u/Rucknium

[tip] - 159277 sats = 0.00159277 BCH = ~1.01 USD


Im expecting some heated comments by u/cryo153

[tip] - 154546 sats = 0.00154546 BCH = ~0.98 USD


 

Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

 

To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, tip this post using Chaintip by including u/chaintip in your comment!

Thanks!

Note: this payout event was triggered by block 701433, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $634.29


Breaking news: Market goes down after it went up for awhile. Analysts suggest more downside ahead unless it goes up. More at 6.

In a surprising turn of events, the price of Bitcoin has fallen 2.3% after a previous situation where it instead went up 2.3%.

An analyst famed for his prediction that Bitcoin would go up at some point, is now suggesting that if the price of Bitcoin does not recover from its downward trajectory, there could be more downside ahead.

Scott Minerd is reportedly still waiting for Bitcoin to hit $15k. A charity has been set up to send him supplies.

This news is brought to you by News Organisation (TM). More at 6 o’clock at your relevant time zone.


Which # Bull Run Buyer Are YOU??

I'm in the 2nd bull run phase - what about you guys?

Your first bull run:

  • You will see the most insane gains
  • You will get greedy
  • You will not sell the top, instead you'll just FOMO more into the market
  • Market will crash
  • You will lose everything and be deep in the red
  • You will wonder why you ever bothered to begin with

Your 2nd bull run:

  • You learned your lesson
  • You will not invest more than you can afford to lose
  • You have PTSD from last time, and your skepticism will cause you to wait until the bear market is completely over
  • You will throw money into coins at a very good price, but still far above the LOWEST prices
  • You will make substantial gains
  • You will sell a little bit at the top and on the way up
  • You'll buy dips and learn to dynamically DCA
  • Your conservative strategy makes you look at the people who have been YOLOing into random coins with all their savings with envy - they're seeing 10x gains in 1 month, and you have 3x gains from DCAing for a year
  • You'll consider FOMOing, you might even do it a little bit - and you'll hit those 10x gains on a very small part of your portfolio
  • You've learned your lesson - you sell your stacks when you see gains like that
  • Your envy of the fomo buyers is quickly turned into schadenfreude, the market crashes and you're still up 2x or more, while they're down in the red 60%+

Your third bullrun:

  • All skepticism is gone, you're DCAing as much as you can when the market is down 90% or more
  • The FOMO buyers from the last cycle are laughing at you. "It's over bro, give up" they tell you. "Crypto is dead" they say.
  • You don't mind the ridicule, after all you were like them once, coming off your first bull run with heavy skepticism and refusing to buy coins after they crashed 90%
  • You play the waiting game
  • When the bull run takes off, you're seeing wilder gains than ever before
  • You don't try to time the top anymore
  • You sell most of your coins on the way up, your total return on this run is 10x-100x on each coin

Your fourth bull run:

  • You might be a whale on some of the smaller pet projects you hold, you've been accumulating for a decade now
  • You have your "never selling" stack of ETH & BTC and a few other blue chip cryptos
  • You smile with amusement at all the 1st and 2nd bull run participants. They panic with every dip, and jizz with excitement for every pump
  • You don't care. You've made your gains. Now you're just accumulating.
  • As usual you buy the dip & sell the pump, only this time you're doing it with giant stacks with no intention to make profit. You're still accumulating. This bull run doesn't matter to you.
  • You're not cashing much, if anything, out.
  • The market crashes. You don't care. You sold near the top only to buy in during the crash again. You just tripled your stacks.

Your fifth bull run:

  • You're a fucking whale now, how the fuck did you ever end up at this point?
  • Your buys/sells literally move the market.
  • Redditors are posting your moves thanks to Whale Watch Twitter. They mock you when you sell, they praise you when you buy.
  • You're a god to these people, but you were just like them once
  • You sell almost your entire stack at the top of the market cycle
  • You time it perfectly because you ARE the market cycle - your sale triggers liquidation events and crashes everything.
  • You're filthy rich at this point and you're done with crypto. "In it for the tech" is something the plebs say. You have enough money to buy your own country at this point. You couldn't give less of a fuck about the tech.
  • You're done here. Time to move on to bigger things.

Your sixth bull run:

  • You stayed out for as long as you could but BTC is up 10,000% in the last year
  • Your billions are boring, and you miss the power of being a whale
  • You look at the folks with hundreds of billions and you envy them
  • Fuck it, you're back in the market. BTC is already up quite a bit, but it still has a long way to go.
  • The guy in his fifth bull run sells his positions
  • BTC down 95%
  • What the fuck
  • You just lost everything
  • How will you touch Elon's penis now? That's reserved for billionaires, not multi-millionaires.
  • You beg Elon over the phone, "Please, I miss the smell"
  • "No" he tells you, "It's 1 billion per touch"
  • You can't handle the pain
  • You go 100x leveraged long on Bitcoin - it's already down 95% this is just free money!
  • Satoshi's wallet activates
  • What the fuck?
  • Craig Wright was Satoshi all along
  • He dumps his coins
  • WHAT IS HAPPENING?
  • You had billions
  • You had everything
  • You will never get to touch the Elon pp again
  • You're completely liquidated now, $0 net worth, but you still owe the IRS millions in capital gains
  • Your wife packs up her things and leaves you
  • Your lambo packs up its things and leaves you
  • You wake up in a cold sweat
  • The whole thing was a fevered dream
  • The last 12 years were a figment of your imagination
  • It's still 2021
  • You open your Robinhood app
  • Thank god you still have $20 of Dogecoin, it's up 15% today. 2022 will be a good year, you can feel it.

Identifying Satoshi Would Be a BAD Thing..

For the past decade or so, there have been people who have practically dedicated their lives to finding the creator of Bitcoin.  

Even over a decade later, there are still folks who are actively seeking to track down this ghost. All with the hope of finally knowing the truth. Who created one of, if not the most important invention of our generation?

Naturally, this would be something everyone would want to happen. We want to give credit where credit is due. We want to put a face to this now mythical pseudonym. Under all of this curiosity, however, lies a rather dubious double-edged sword. Especially when Bitcoin was in its infancy. (Arguably still is.)

Obviously, Satoshi Nakamoto is a pseudonym. Meaning if we were to find this individual, their true name would likely have to surface. While we would ultimately have found Bitcoin's beloved creator and his real name, we would have opened ourselves to a whole new planet of FUD.  Not FUD towards Bitcoin itself, but its creator.

I want to be clear that the impact of finding Satoshi now would be very different than finding him 7+ years ago.

Governments and financial institutions would now have the identity of the individual that is attacking the very infrastructure upon which they made a fortune.   This is bad news.
While I am not insinuating they would have gone after Satoshi's life, I firmly believe they would have done everything in their massive amount of power to defame, discredit, and slander the founder of Bitcoin.

This includes:

  • Fraud Allegations
  • Terrorism Funding Allegations
  • Allegations for Funding Criminal Enterprises

         Etc..

They could even make this man look like a pedo by "linking" him to certain organizations and saying that THIS was the sole purpose of Bitcoin. The problem is, they now have a face to attack. We know the media, they can say whatever they want.     With zero accountability.

Accusations like these would not be as effective as they would have been 7+ years ago like I had mentioned. These days, the Bitcoin community is more vast and immeasurably stronger than it was during these early times. Much of this would have been recognized as manipulation by big government and HODLers would remain headstrong. Even still, it would be ignorant to think there would not be some considerable problems in an event such as this.

However, in the earlier days of Bitcoin, FUD at these levels combined with a face to attach to it could have been fatal to our still fragile ecosystem. If Satoshi had chosen not to remain anonymous from the beginning, financial institutions/governments would have stopped the party well before it got out of hand. They could have exercised any of the aforementioned options and given themselves more than enough justification to make Bitcoin highly illegal globally. On a different timeline, something like this would have greatly hindered crypto development.

This is why it was inexpressibly important for Satoshi to remain anonymous. If you ask me, this is why he should stay anonymous.

I am in no way suggesting that people looking for this figure stop looking for this figure. If it is your mission, accomplish it. Just understand there are more serious implications at hand once he/she is identified.


Bitcoin as collateral for loan?

I read that when the rich need to buy something big, they don't bother selling their assets which would be a taxable event, capital gains etc. Instead they get an asset backed loan (use a million pound painting as collateral for a loan for example) at 1%. Apparently this is perfectly legal.

Does such a service exist in the UK where I can use bitcoin as collateral so I don't have a sell bitcoin, just use bitcoin as collateral? Happy to pay 1% instead of 20 something Percent for CGT.


BTC Golden Crosses: Looking At The 4 Most Recent Times The 50/200 Day MA Cross Has Occurred

Hey guys, been seeing a lot of posts discussing a potential Bitcoin Golden Cross and what it means for the charts. There is a huge portion of the community who believes this will occur sometime in mid September, whereas many others think it is simply a Bull Trap, which would most likely officially end this past years bull run. I decided to look at the 4 most recent times where this Cross has occurred to see what could possibly happen if it appears in September. Please note, these are not all technically Golden Crosses, but simply times where the 50 day MA crossed above the 200 day MA. Firstly, terms:

Golden Cross - When a short-term moving average (MA) rises above a long-term moving average. This is considered a bullish signal, and when using longer-term numbers, can tell a great deal. For this analysis we will be using the 50 day short-term MA and 200 day long-term MA. While a majority of investors strongly consider the cross a genuine bull market signal, there are others who doubt it always works. A Golden Cross exists after a downward trend, when purchasing interest goes up, and should always eventually lead to a bull market.

Bull Trap - A downward trend in the market after a convincing breakout, a false signal. Good for bears.

Here's a list of the last four times the 50 day MA crossed the 200 day MA. I measure from the day the two MAs crossed to whenever it hit its next ATH (or where it stops after a downward trend). The charts below are measured in 1 day increments.

  • October 28th, 2015 - $300 - June 18th, 2016 - $750 - December 16th, 2017 - $19,000

Had to use three dates here in order to better express the parabolic change over such a long period of time. At two years, by far the longest time period between a Cross and ATH. It was preceded by a 4 month decline in price, from $300 to $220. Though the cross only initially grew 2.5x, over two years it grew 65x, by far the largest growth number shown in these charts.

  • April 23rd, 2019 - $5400 - June 26th, 2019 - $13,000

In April 2019, BTC climbed around 2.43x its worth in approximately 2 months. Prior, it remained around $6500 for 3 months before falling down to 3100. BTC continued to steadily decline for several months after until eventually hitting a low of $6500

  • Feb 18th, 2020 - $8,850 - March 17, 2020 - $5,000

Here is our only example of the market hitting a downward trend after the 50 day MA moves past the 200 day MA. Some may call it a Bull Trap, others simply call it a downward trend, as it didn't take long for the next crossing. Bitcoin went down by 44%, or .56x. Prior to this, we saw our last ATH gradually fall to under $7000 before hitting its cross.

  • May 21st, 2020 - $9,000 - April 14th, 2021 - $64,000

Our most recent example of a Golden Cross, which brings us up to date. The gains here were massive, as the BTC market grew 7x. It then plummeted down 50% to $30,000, before regaining some energy now.

As we see in these 4 examples, there are many different options that can occur when the 50 day and 200 day cross, not just a Golden Cross. In our first and final examples, we saw parabolic movement which lasted over 2 years in 2015 and under 1 year in 2021. In 2019, we saw the price jump by 2.4x over the course of 2 months, a much shorter time period along with smaller growth. All three were previously in downward trends. Our 3rd example shows either a Bull Trap or just simply a downward trend in the market. Out of these four examples, this is the only one with a declining BTC price, though it certainly did not last for long and helped us get to the next Golden Cross. Please note, in order to fully understand these events, you need to use much more context than just the 50/200 MAs. This is a broader look at general trends, but each are unique and should be treated differently.

Which brings us back to now. Is there going to be a Golden Cross or are we going to hit a Bull Trap? I do not claim to know and will not give my opinion in this post. This is simply to shed light on the last several examples of when the 50 day MA crossed over the 200 day MA. Be careful, as seen through this research, sometimes signals can be misleading if looked at solely. Please, when analyzing charts, make sure to consider many factors, such as halving events, RSI, volume indexes, news, and so much more. Let me know if there are any issues with the information and your opinions. Thanks for reading, hope you found it interesting!


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If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

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Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


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Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

WOW! Totally FREE £10 Bitcoin instantly from Luno with NO SPEND needed for new customers looking to get into crypto!! (UK Only)

Luno are giving people in the UK £10 completely free with no deposit needed to people who are new to Bitcoin and want to get into it. Totally free £10 Bitcoin!

Have you thought about getting into Bitcoin but weren't sure about how it works? Thought it was too confusing to get into? Well you can get started with a free £10 Bitcoin to help you get started on your Bitcoin journey with no obligations at all!

You just need to want to get into Bitcoin, be in the UK, over 18 and have ID! That is it!

https://www.luno.com/en/signup

  1. Use the website or download the app and register https://www.luno.com/en/signup
  2. Verify ID
  3. Enter code BPHWRIGHT in the rewards page
  4. Get £10 of Bitcoin instantly

I would recommend saving the £10 for future rather than checking the value every few days.

Bitcoin is something that is really good to get into and a free £10 helps you get you on your journey.

If you need more help signing up, there is another step by step guide here: https://medium.com/original-crypto-guy/how-to-set-up-a-basic-bitcoin-wallet-73f46c612a3c

Or feel free to send me a message if you still need help and I will gladly help you!

Just remember you have to be in the UK to sign up. This offer is purely for the UK.

Once you have joined I think you should learn more by checking out these wonderful FREE events with more info for newbies or not so new people on Bitcoin! You can learn a lot at no cost to you. Check them out now: https://medium.com/original-crypto-guy/upcoming-events-by-jason-deane-aea187d03a10


prepper

Over the last 24 hours, the odds of an interest rate hike in New Zealand went from 100%, to 60% and eventually to no increase at all - following the discovery of a single coronavirus case linked to the Delta variant. The 25 bps hike anticipated by analysts would have signaled a milestone of sorts, with New Zealand becoming the first advanced economy in the world to lift rates since the pandemic. All of that came crashing down after a 58-year-old man in Auckland tested positive for COVID, triggering a Level 4 lockdown (can only leave home for essential services) and marking the country's first case in six months.

Background: New Zealand has implemented a "go hard, go early" strategy under Prime Minister Jacinda Ardern, with tough lockdowns and international borders remaining largely closed. Containment success has helped Ardern secure a second term in office, but her popularity recently took a hit due to a delayed vaccine rollout and rising costs (the country is heavily reliant on an immigrant workforce). Only about 20% of New Zealand's 5M people have been fully vaccinated, the slowest among OECD nations, leaving it vulnerable to another outbreak.

"Today's decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand," read a statement from the RBNZ. "The need to reinstate COVID-19 containment measures in some regions highlights the serious health and economic risks posed by the virus... and is a stark example of how unpredictable and disruptive the virus is proving to be."

Echoing the sentiment? "The COVID pandemic is still casting a shadow on economic activity. It is still very much with us. We can't, you know, we can't declare victory yet on that," Fed Chair Jerome Powell said at a virtual event on Tuesday. "We don't have a strong sense of how that might work out [with the Delta variant]. So we'll just be monitoring it." The commentary reflects just how sensitive monetary policy can be to coronavirus variants or change rapidly given predictions for a more sluggish economic recovery. (9 comments) Laying cables

Under the sea... Facebook (NASDAQ:FB) and Google (GOOG, GOOGL) are backing two new underwater projects - one in Africa and the other in Asia. The latest collaboration will give the Silicon Valley giants more control of the internet infrastructure that supports their businesses and meet the growing demand for broadband access and 5G wireless connectivity. More than 400 commercially operated submarine cables currently lie on the ocean floor, carrying data as pulses of light within thin optical fibers.

2Africa project: The effort in this region is part of a push to connect the approximately 3.5B people who are still without internet around the world. Facebook's user growth in developed markets like the U.S. and Europe is also slowing, giving it an advantage in Africa, which has an average mobile internet user rate of around 26% (compared to a world average of 51%). The project's plan calls for 35 landings across 26 countries, with the goal of building an underwater ring of fiber optic cables around Africa that would begin operating in 2023.

Apricot: Facebook and Google will also participate in a 7,500-mile-long underwater cable system in Asia that would connect Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore. The initiative is scheduled to go live in 2024 and "will deliver much-needed internet capacity, redundancy, and reliability to expand connections in the Asia-Pacific region," said Facebook engineering manager Nico Roehrich.

Background: Silicon Valley has made a number of recent infrastructure moves into the subsea cable industry. In June, Google announced a new high-speed underwater cable between the U.S. and Argentina, dubbed Firmina, while Facebook and Amazon (AMZN) last week requested approval from the U.S. government for a new undersea data cable between the Philippines and California. In fact, Google now has investments in 18 subsea cables, with global investments in the underwater projects forecast to exceed $2B a year for the next several years.

It's a big business: Telecom operators own many of these cables, charging fees to companies that use them to transfer data. "If you build your own cable, and you own your capacity, you don't have to pay anybody," said Alan Mauldin, an analyst at telecom market research firm TeleGeography. The objective is similar to Amazon's air cargo fleet, which the e-commerce giant started in 2015 to reduce its transportation costs and reliance on third parties.

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Tapering talk

Stocks slipped on Tuesday following a drop in retail sales, which fell 1.1% in June, driven largely by a slump in car sales. Earnings reports from Home Depot (HD) and Walmart (WMT) didn't help investing sentiment either amid flattening revenue growth and slowing e-commerce trends. The retail bonanza continues this morning with earnings from Target (TGT), Lowe's (LOW) and TJX Companies (TJX).

Fed minutes: Not a day goes by that there isn't some action, with the catalyst today being the Fed's most recent policy meeting. The minutes may show discussions about tapering monthly bond purchases, or just how divided FOMC officials are on the debate. Yesterday, Fed Chair Jerome Powell said the pandemic is "still casting a shadow on economic activity," and stock futures wavered around the flatline overnight as investors continued to size up the market.

The bulls: "We remain bullish on stocks (particularly cyclicals/value) thanks to a strong earnings season, signs of receding risk from the Delta variant and normalization of bond-equity correlation," wrote analysts at J.P. Morgan.

The bears: "The stock market is way overdue for a correction," said Jim Paulsen, chief investment strategist at Leuthold Group. "COVID cases continue to spike higher darkening economic reopenings, consumer data shockingly has collapsed recently - including consumer confidence last Friday and retail sales and homebuilders' sentiment. Several stocks have also stopped reacting positively to good earnings, inflation reports remain hot and Federal Reserve taper talk is everywhere."

Wood vs. Burry

It was only two days ago that Michael Burry, famously known for his role in The Big Short, revealed that he made a big bet against Cathie Wood's ARK Innovation ETF (ARKK). The fund sits on over $22.5B in assets under management and a five-year return of 467%, but has been under fire recently. Since ARKK peaked back on Feb. 16, the ETF has steadily drifted down 27% and bled away outflows totaling $531.94M over the past three months.

The bet came in a 13F filing, which showed Burry's Scion Asset Management purchasing 2,355 put contracts on ARKK during the second quarter, representing a bet against 235,500 shares of the ETF. The filing also indicated that Scion held the put position as of at least June 30, though Burry won't have to report what he did with the stake until next quarter. The put contracts are a bet that ARKK will fall. They'll rise in value if the ETF's price drops.

Wood's response: "To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space."

From the SA comments section: "After his (Michael Burry) initial prediction on Tesla failed to materialize, Burry tried again in January 2021. Last month, Burry used Twitter to predict another 'mother of all crashes.' Burry who? Hollywood? He was correct 2 out of 20, better than his sheep," writes Legacy Legends. "Gee, it's too bad that four whole weeks have passed since Burry's predictions and they have not come to pass," responds Pompano Frog. "This guy is a genius. He has statistical work that measures the level of speculation going on and its correlation to future market movement. We have been through these cycles many times before." (92 comments)

Today's Markets

In Asia, Japan +0.6%. Hong Kong +0.5%. China +1.1%. India -0.3%. In Europe, at midday, London -0.4%. Paris -0.4%. Frankfurt -0.2%. Futures at 6:20, Dow -0.2%. S&P -0.1%. Nasdaq flat. Crude +0.7% at $67.02. Gold +0.1% at $1790. Bitcoin -3.2% at $45491. Ten-year Treasury Yield flat at 1.27%

Today's Economic Calendar

7:00 MBA Mortgage Applications 8:30 Housing Starts 10:30 EIA Petroleum Inventories 1:00 PM Results of $17B, 20-Year Bond Auction 2:00 PM FOMC Minutes

Companies reporting earnings today »

What else is happening...

TSA extends mask mandate for U.S. transportation to mid-January.

Black swan preparation: Palantir (NYSE:PLTR) buys $50M in gold bars.

Walmart's (NYSE:WMT) powerhouse quarter fails to move the stock.

Home Depot (NYSE:HD) slips after comparable sales miss in Q2.

Tilray (NASDAQ:TLRY) scoops up MedMen debt, betting on U.S. legalization.

PG&E (NYSE:PCG) warns of preemptive power shutoff for wildfire season.

Texas Governor Greg Abbott tests positive for coronavirus.

Delta variant is linked to higher risk of hospitalizations - WHO.

Upcoming Apple (NASDAQ:AAPL) event ramps up new iPhone speculation.


Parallel realities and IOTAs breakthrough “Multiverse consensus"

Fun fact about our universe: There is no objective time. Every observer experiences their own duration and series of events, depending on their relative speeds to each other. Even the order of events gets blurred: Two events that happens simultaneously for one observer can happen one-after-another for the other (see ladder-paradox).

Why am I telling you this on a crypto-currency subreddit? Because within distributed ledgers (like blockchains or DAGs) there is also no objective series of events. Each node in the network experiences its very own order of transactions. And believe it or not: This relativity of time is the reason you pay fees on your Bitcoin transactions.

Time-relative networks are vulnerable to double-spends

Distributed networks are made up of nodes that tell to each other their opinion on the ledger-state. So when a node wants to issue a transaction it starts by telling it´s neighboring nodes about it. They then forward it to their neighbors and so on – information ripples through the network. This form of communication is called “gossip” and is highly scalable. However, a fundamental side-effect is that the time and order of transactions becomes relative. Each node sees its own version of reality, just like observers in the physical universe. Problem: This opens up vulnerabilities for double-spends.

Fig.1: Classical double-spend: Node A spends the same funds twice, each time telling only node B or node C about each transaction. Node A and B find out about the double-spend via gossiping, however they cannot agree on which transaction came first.

Crude but working solution: Pay someone to deal with conflicts

To this day, no blockchain found a solution to constructively work with relativity of time. Instead, the double-spend problem is universally solved in a rather simplistic way: Slow down the network and organize it into artificial checkpoints, aka “blocks”, in order to synchronize opinions. The problem is that these blocks do not evolve naturally out of the distributed ledger. Instead an outside entity is needed to arbitrarily define them. This entity is called a “leader” and is usually determined by proof-of-work (miners) or proof-of-stake (stakers). They make sure to create a block with no internal conflicts.

And it works: this method solves the double-spend problem. However, it also comes with several high costs:

Problem 1: Leaders slow everything down

Finding a leader costs time. Instead of having a continuous and smooth flow of transactions, the network gets stopped in fixed intervals (block-times). Only AFTER a block is fully validated the next batch of transactions can be processed.

Problem 2: Leaders want your money

Miners and stakers can only be trusted, because we count on their financial self-interest. This financial interest must be continuously satisfied by fees and/or token inflation. Fees however run exactly contrary to the usability of the network: They are a direct incentive to NOT use the network and they destroy many possible use-cases (see No-coin DLT use-cases).

Problem 3: Leaders are middle-men

As long as regular nodes cannot directly write transactions into the ledger themselves, but instead have to pay thirds parties (miners/stakers), cryptocurrencies are not really what Satoshi originally envisioned: “peer-to-peer electronic cash”. There will always be a lot less leaders (for example mining-pools) than nodes on the network (in Bitcoin 4 mining-pools control 51% of hash-power..). This has serious long-term problems which are discussed here.

IOTAs radical idea: Accept relativity of time, throw out miners/stakers

One of the fundamental concepts of IOTA is to NOT insist on a total order of transactions. This single decision has immediate and strong consequences on the network:

· Feeless (Since there are no leaders that need to get paid)

· Fast (Since there is no need to wait for blocks to be validated)

· Green (Since there is no competitive PoW)

· Decentralized (Because ALL nodes are leaders, not only a few).

Fig.2: Blockchains cannot effectively scale, because they force the natural flow of transactions into fixed-sized blocks. IOTAs Tangle allows all nodes to freely write transactions into the ledger at all times.

But how are double-spends resolved?

Short answer: Democracy

Longer answer: IOTA developed a completely new “leaderless consensus”, which is based on parallel-reality based ledger states and on-tangle voting (aka “Multiverse consensus”).

Parallel-reality based ledger state allows every node to have its own opinion about the order of transactions on the network. This means that at every point in time there are actually many versions of the IOTA ledger: One “reality” for every node. These realities can even be in conflict with each other!

In consequence the network effectively splits whenever a conflict arises (similar to the many-worlds interpretation of quantum physics). In order to merge back together into one shared reality nodes have to find the heaviest branch in the network – exactly like in “heaviest-chain wins” consensus in blockchains.

But how to find the heaviest branch/reality? In blockchains the longest chain is easy to spot: Leaders simply post their hashed blocks and nodes count who has the longest chain. In multiverse-consensus however the heaviest branch is found via on-tangle voting.

Nodes vote on which reality they most believe in by gossiping with other nodes. However, a simple “one node, one vote” democracy could easily be gamed, since everyone can cheaply create as many nodes (and therefore votes) as they want. Therefore, a secret ingredient is necessary to protect the network. This ingredient is called “consensus Mana” (cMana) and it is earned by nodes by processing value transactions in the network (so “more useful” nodes have a more important opinions).

Fig. 3: A conflict splits the network into two or more “realities”. The reality that amasses the majority of cMana behind it is the “heaviest branch”. All honest nodes will merge back into this branch by dropping any conflicting opinions. Source: https://v2.iota.org/how-it-works/decentralized

Over time, one reality of the network will amass 51% of cMana behind it and will therefore become the heaviest branch. All honest nodes will acknowledge this fact and will drop their conflicting opinions in order to merge back together. This method can lead to incredibly complex multiverse-structures, (for example when new conflicts arise inside already split realities), however there will always emerge exactly one reality that is approved by the majority of cMana. Conflicts are therefore resolved “on-the-run”, without leaders and without any fees.

How far is IOTA in achieving this vision?

IOTA is currently in a “beta” stage (called IOTA 1.5 or “Chrysalis”). Value transactions on the mainnet are still centralized under the coordinator-node run by the IOTA Foundation. Pure data-transactions are fully decentralized though.

The fully decentralized “IOTA 2.0 DevNet” is already running since several months, however it is not yet feature-complete and remains under construction. You can watch the DevNet live here: https://v2.iota.org/visualizer


Palantir Bought $50 Mill in Gold Bars to Protect Against Black Swan Events. Will Others Do This With Crypto?

So it was recently announced Palantir bought 50 million in gold bars as protection against black swan events. Do you think well see other companies begin doing this with Bitcoin with how crazy the world is right now?


From TV channel to Bitcoin miner, URBT creates the event

https://yellowrocketagency.com/from-tv-channel-to-bitcoin-miner-urbt-creates-the-event/

Media about us. Juny 2021

https://preview.redd.it/p4iromaat3i71.png?width=1200&format=png&auto=webp&s=9f91ab38bc277a0a8b0d49b5a385f0de456753a2

This month for sure earned a place in crypto history books. First, we’ve seen an unbelievable surge in Ethereum prices. Then, the markets were hit by the most brutal dip since the notorious 2017.

Here’s what our experts have been discussing in media as of May 2021:

  • The future of crypto regulation
  • Ether’s proud walk
  • Bitcoin and the forks
  • The new historical dip

So, what conclusions can we draw from all these controversial events? Read more below to find out.

The future of crypto regulation

At the end of March the United Kingdom’s financial watchdog, the FCA, has announced that crypto-involved companies in the UK are now obligated to submit financial crimes-related information in the form of yearly reports. Some may think that this kind of reporting could be considered a step back from the freedom that the crypto industry promised at the beginning of its inception. Konstantin Anissimov explains why this decision is likely to lead to many good things for the industry in the long term.

UK regulator’s actions point to the trend of growing crypto market security

The Bank of England recently announced the formation of a special task force meant to look into the notion of introducing a central bank digital currency (CBDC). While the decision to implement a digital pound has not yet been made, the option is clearly being considered. Konstantin Anissimov explores what changes would be needed to make it happen and how would this decision affect the country in the long term.

Ether’s proud walk

Ethereum has outpaced Bitcoin per rate of growth, a situation that has contributed to the reduction in the dominance level of the first-ever digital currency by market capitalization. Together, Bitcoin and Ethereum dominate the $2.29 trillion global crypto market cap by 61.9%. Konstantin Anissimov looks at their current price movers to showcase which project contributes more to this combined cap weighting.

Ether, the token traded over the Ethereum blockchain, topped $3,000 for the first time at the beginning of May. It is up more than 385% this year, compared with 96% for Bitcoin. “Ethereum has been able to maintain its positive momentum, a crushing series of all-time highs in the past week,” said Konstantin Anissimov, executive director at cryptocurrency exchange Eukex.

Ethereum, alongside Dogecoin, has hit a new all-time high in May amid a crypto coin frenzy. The price surge means the combined value of all cryptocurrencies is now greater than the market cap of Apple — the world’s most valuable company. Konstantin Anissimov said: “Ethereum has been able to maintain its positive momentum with a crushing series of all-time highs in the past week. The current all-time high has reignited the ambitious sentiment that Ethereum may eventually flip Bitcoin by market capitalization in the near future.

Bitcoin and the forks

EUKEX data shows that Bitcoin price recovered to $58k, dropped to $53k, and then recovered to $58k again, and all that in only a week. There have been several reports that make Bitcoin’s rapid price recovery and desire to surge quite understandable. On top of that, BTC and ETH recently hit Wall Street as S&P Global Indices, which is certainly a reason for the price to act up. Finally, the BTC price surge has inspired plenty of Asian firms to accelerate their shift to BTC.

Bitcoin price goes back to $58k resistance after a short dip

A cryptocurrency that looks and sounds a lot like Bitcoin has crept up into the top 10 biggest digital currencies list: Bitcoin Cash. Bitcoin Cash shares most of its code with Bitcoin. But it is significantly faster at processing transactions. The cryptocurrency is having a moment: It surged more than 11% in May, and more than 300% this year. “Bitcoin Cash has proven itself to be one of the most resilient cryptocurrencies in the digital currency ecosystem today,” Konstantin Anissimov told CNN Business.

What is Bitcoin Cash?

The new historical dip

At the end of May, the total market capitalization of the crypto sector has dropped by a whopping 25%. The excuse for this continuous offloading of Bitcoin is tightly linked to Elon Musk and Tesla’s announcement of scrapping their earlier embrace of BTC. That said, while Bitcoin’s dominance has dropped to 40%, events surrounding the coin still shape the broader market at large, said Konstantin Anissimov.

Cryptocurrency market faces identity crisis after historic plunge

As crypto price volatility rises, some are hopeful the market will revert to the upward path, which will flush out any weak hands. The crypto market bloodbath that is currently engulfing the entire industry will likely go down in history as one of the key points to remember regardless of whether the prices recover or continue going downward. Konstantin Anissimov believes that although the reasons for this latest dip may be manifold, the market is displaying an extraordinary amount of maturity to actively shrug off any incoming bearish volatility — a trend that was lacking in previous bull runs.

Crypto market volatility peaks as Bitcoin and altcoins seek to recover

#Eukex #Euk #EukexCoin


Ethereum to exceed Bitcoin’s value within five years

Ethereum will continue to outperform Bitcoin in 2021 and will, ultimately, exceed its rival’s value.

The prediction from Chicky Nuggy.

Ethereum (ETH) is outperforming Bitcoin (BTC) and it can be expected to continue this trend for the rest of 2021.

Ether is up around 240% this year, while Bitcoin is up less than 38%. In fact, it has outperformed all other benchmark assets in the first half of this year.

Two key factors that are driving Ethereum’s outperformance run.

First, Ether has a higher level of real-use potential as Ethereum, the platform on which it is the native cryptocurrency, is the most in-demand development platform for smart contracts, thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility

Second, investor enthusiasm for the game-changing transition to ETH 2.0, which makes the Ethereum network considerably more scalable, sustainable and secure. These upgrades represent a major boost not just for Ethereum but for blockchain technology itself.

Ethereum is more useful than Bitcoin and has tech advantages over its better-known rival.

Ultimately, this will mean that its value will exceed that of Bitcoin – probably within five years.

That said, I remain confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021.

The bold predictions followed a live virtual event at which Tesla and Space X founder Elon Musk, Twitter founder Jack Dorsey, and Ark Investment’s Cathie Wood all advocated for the digital assets and talked about their massive future potential.

There will be peaks and troughs along the way of course, but Ethereum’s ascent to the top of the cryptoverse seems unstoppable.


What will happen if Satoshi dumps his 1 million Bitcoins?

This is a question I've always had on my mind and it's always glossed over as soon as it's bought up.

What would theoretically happen if he dumps his 1 million bitcoin in a given scenario? Where would that bring the price to? if an event like that ever occurs how do you expect people to? From Maxis to speculators. Will every see it as a rare opportunity to get Bitcoin at a discount or will be more devastating than that and cause distrust in the majority?

IMO aside from bears tripping over themselves to rub it in. I still don't see it going away, after all the fact that it can crash doesn't mean anything when nobody can pull the plug on it right? People can laugh and say I told you so but that doesn't remove the option of someone waiting to buy into an asset they believe again. Because it's run on nodes and not a server and because of that I don't see how it would have any lasting affect on Bitcoin.

That's my assessment on it, but please answer my question and feel free to correct my own reasoning for why it won't matter in the long run.


Cardano Rumor Rundown August 18, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Weiss Crypto really loves the Cardano consensus protocol. https://twitter.com/WeissCrypto/status/1427646299936014337
  2. Applications are now open to be a local Cardano Meet-Up host for the Cardano Summit 2020. https://twitter.com/Cardano/status/1427309534226300928
  3. Anticipation for Cardano smart contracts keeps growing stronger as more and more ETH users are publicly venting frustration over fees and throwing their support behind Cardano. https://twitter.com/RandCorp_/status/1427473742742052865

Previously Covered but still interesting:

  1. The Cardano Foundation’s Cardano Developer Portal is now up and running. https://twitter.com/CardanoStiftung/status/1414640913612255234
  2. Prime Minister Abiy Ahmed’s party has won re-election in a landslide election. https://www.bbc.com/news/world-africa-57791868
  3. 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
  4. Cardano is still destroying everyone in terms of value staked! https://twitter.com/StakingRewards/status/1414895205384327168
  5. The Cardano ecosystem maps keep getting bigger and more complicated. https://poolg.de/Eco/CardanoEcosystemMap.html
  6. 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-awaited 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
  7. We experienced a successful fork to the Alonzo White testnet! https://twitter.com/InputOutputHK/status/1415399456841863177
  8. 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
  9. IOHK releases a paper on a crypto-backed algorithmic stablecoin. https://twitter.com/IOHK_Charles/status/1415531260470972423
  10. 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
  11. Always the GitHub activity champs! https://twitter.com/ProofofGitHub/status/1416065097794002946
  12. We are now seeing the advent of a so-called “Fair Initial Stakepool Offering”. https://twitter.com/MinswapDEX/status/1416110973690122240
  13. The weekly development update is out. https://roadmap.cardano.org/en/status-updates/update/2021-07-16/
  14. 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
  15. 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
  16. Liqwid says it is on target to be live on day 1 after the Alonzo hardfork combinator event. https://twitter.com/liqwidfinance/status/1416363542975074305
  17. 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
  18. The IOHK mid-month development update for July is out and available for viewing. https://youtu.be/U9K-8jILGcg
  19. Apparently “unsigned Phalices” are a thing in the Cardano ecosystem now. https://twitter.com/unsigned_algo/status/1416909454100992000
  20. 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
  21. 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/
  22. 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
  23. 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
  24. 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
  25. 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
  26. 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
  27. 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/
  28. IOHK has released its Conclave paper on collective stakepools. https://eprint.iacr.org/2021/742.pdf
  29. Here’s the IOHK Development Update for July 23! https://twitter.com/InputOutputHK/status/1418635822987943939
  30. 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/
  31. 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
  32. 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
  33. 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/
  34. Adam Dean brings us open source code to accept ADA in your Woo Commerce store. https://twitter.com/adamKDean/status/1419495005983371264
  35. Weiss Crypto has very good things to say about Cardano. https://twitter.com/WeissCrypto/status/1419685634566938634
  36. 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
  37. 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
  38. 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
  39. 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
  40. 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
  41. A new Cardano NFT Marketplace is now live and receiving a lot of attention. https://twitter.com/CNFT_IO/status/1419655915226152961
  42. Project Catalyst now has 30k members! https://twitter.com/InputOutputHK/status/1420474342253678599
  43. 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
  44. 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
  45. 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
  46. The July Cardano 360 can now be viewed on Youtube. https://youtu.be/AG5DspF9tuA
  47. 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
  48. We are kings of the github commits once again! https://twitter.com/ProofofGitHub/status/1421138529908842502
  49. 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
  50. Don’t forget that registration for the Cardano Summit is live. https://summit.cardano.org
  51. 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
  52. 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
  53. The Charles AMAs returned on August 1 after a brief break. https://www.youtube.com/watch?v=yKY6VwVq02s
  54. 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
  55. 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
  56. Cardano has been listed by Bitpoint in Japan! https://www.bitpoint.co.jp/news/info/info-2021080301/
  57. 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
  58. 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
  59. The Yoroi Wallet is already making improvements in preparation for the dApp Connector release! https://twitter.com/YoroiWallet/status/1422905221793996809
  60. 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
  61. 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
  62. 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
  63. 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
  64. 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
  65. 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
  66. 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
  67. 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
  68. 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
  69. 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
  70. 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
  71. No agreement on an amendment to the crypto tax reporting provisions of the Infrastructure Bill materialized today. https://twitter.com/jerrybrito/status/1424543439396429828
  72. Senator Lummis (a co-sponsor of the proposed crypto-friendly Toomey-Lummis-Wyden Amendment) is holding out hope that they may be able to get a vote on amendments tomorrow. https://twitter.com/SenLummis/status/1424556793506635776
  73. Charles is already planning a strategy for dealing with the bill once it’s in the House of Representatives. https://twitter.com/IOHK_Charles/status/1424561446973628421
  74. Very action packed day today (Aug 9). The Toomey-Lummis-Portman-Sinema came together and proposed a compromise amendment to the crypto tax reporting provisions in the Infrastructure Bill. They were not able to include any section for exclusion of developers from the “broker” definition but did cover the previous progress on transaction validators and wallet sellers. https://twitter.com/SenToomey/status/1424777137500864513
  75. Toomey-Lummis-Portman-Sinema sought the required unanimous consent, but their attempt was thwarted by a disagreement over $50 billion in defense spending. https://twitter.com/jerrybrito/status/1424832132204138503
  76. Several co-chairs of the Blockchain Caucus have already written a letter to all the members of the House of Representatives letting them know of the dire need to fix these crypto provisions once the bill hits the House. https://twitter.com/RepTomEmmer/status/1424845416697323522
  77. There’s a new CIP to create an off-chain metadata standard from Matthias Benkort, Michael Peyton Jones, and Polina Vinogradova. https://twitter.com/_KtorZ_/status/1425162918363111425 https://github.com/cardano-foundation/CIPs/pull/112
  78. The Biggest Lobster Trap Harvest ever!!! A hacker decided to harvest over $600 million from the Polynetwork Bridge. We learned this lesson in the 2016 DAO Hack, but it’s really time that people stop giving up custody of their coins. https://twitter.com/ksatyarth2/status/1425140128784084994
  79. Senator Shelby laughably tried to claim he actually supported the crypto amendment in a tweet. The derision from the crypto community flowed like water out of the Amazon. https://twitter.com/SenShelby/status/1425142857199980550
  80. IOHK’s “Essential Cardano” list of projects keeps growing! https://github.com/input-output-hk/essential-cardano/blob/main/essential-cardano-list.md
  81. dcSpark is hiring for a few non-programmer positions. https://twitter.com/dcspark_io/status/1425490454787739649
  82. We got some coverage in Forbes over the Alonzo date reveal. https://twitter.com/ForbesCrypto/status/1425409227594555393
  83. Over $1 million in NFTs has now been sold on cnft.io. https://twitter.com/CNFT_IO/status/1425550638507769859
  84. This graphic pretty much sums up all the Cardano criticism. https://twitter.com/SmaugPool/status/1425403742925565956
  85. Emurgo has published an article about the status of Yoroi as the Metamask of Cardano. https://emurgo.io/blog/yoroi-wallet-what-it-means-to-be-the-metamask-wallet-of-cardano
  86. We’ll get the August mid-Month Development Update today (Aug 13) and we’ll also find out the exact date for Alonzo! https://twitter.com/timbharrison/status/1425791321168568330
  87. Alonzo (smart contracts on mainnet) is scheduled for the 12th of September! https://twitter.com/InputOutputHK/status/1426182060683796483
  88. The Cardano Ecosystem Infographics are still getting bigger and bigger. https://twitter.com/Coin98Analytics/status/1426051817876586499
  89. The rankings looked a little different today! https://twitter.com/RichardMcCrackn/status/1426331710107619328
  90. An insane amount of native assets have been issued on Cardano already. https://twitter.com/matiwinnetou/status/1426692124448333826
  91. We may see treasury guidelines on the tax reporting provisions soon (as of Aug 14). https://www.bloomberg.com/news/articles/2021-08-13/treasury-seeks-to-quell-fears-crypto-tax-rules-are-overly-broad
  92. Senator Lummis is asking for requests if anyone wants to hear about what actually happened with the Senate mayhem. https://twitter.com/CynthiaMLummis/status/1426631432223481860
  93. The maximalists of other projects seem to be really loving us lately. https://twitter.com/Bquittem/status/1426639546616254469 https://twitter.com/novogratz/status/1426757593737879552 https://twitter.com/joebirks/status/1426920500249481220
  94. The Cardano Community breathes a collective sigh of relief that it doesn’t suffer from the incredibly high fees seen on Ethereum recently. https://twitter.com/RichardMcCrackn/status/1427006419463778307
  95. The Cardano treasury is getting unbelievably huge at almost $1 Billion! https://twitter.com/SebastienGllmt/status/1426789664338284546
  96. Looks like 40% of crypto holders in Singapore have Cardano according to the Gemini 2021 Crypto in Singapore report. https://www.gemini.com/state-of-sg-crypto
  97. The Wyoming Blockchain Stampede will be going on at the same time as the Cardano Summit and in the preceding days. If you’re going to Wyoming, you may consider attending both. https://twitter.com/CaitlinLong_/status/1427316556476866561
  98. Apparently a “huge increase in user base” is responsible for the Yoroi downtime. That doesn’t sound all bad! https://twitter.com/YoroiWallet/status/1427283658432417794
  99. The Plutus Mainnet Candidate has been released to the Node Team. https://twitter.com/InputOutputHK/status/1427359174220996612

~Army of Spies