Friday, August 20, 2021

To those people who can’t wait for three years

Let me tell you the story of the two big bosses. At the beginning, I was optimistic about the representative of new economy, Xiaomi, and Boss Lei said that investors would double their money. The first big boss did a 2x leverage in 2018 and spent 5% of his money on Xiaomi, it immediately gained about 30% as the profit at the beginning, but the stock price began to drop rapidly within a few days. In the end, Xiaomi was at 50% of the original price, and the first big boss's position was liquidated, the assets were zeroed, and he lost a large amount of money. If there is no liquidation, as of today, with the continuous high increment of Xiaomi's stock price, this investment should have already exceeded 9 digits of profit rate.

Another big man has been paying attention to Tesla since 2016. He has decided to invest in Tesla stocks and has always held Tesla stocks. Even the first time Tesla rose to around 1,000 last year, it fell back to 400 afterwards. The big man continued to increase positions without leverage, and as of the end of August, the profit rate has reached 1000%+. If you used leverage to buy stocks, even if it was only 0.5 times leverage, the investment would have already zeroed!

So from these two stories I have summarized a formula: good investment = good target + good price + no leverage

So how to judge whether a target price is good or not? (Short-term holders have their ways to determine the target, which we will not discuss here). What we are going to discuss is the black swan buying method of long-term investors. Just keep a long-term focus on the good targets you have selected. There will always be some good targets that will encounter black swan events. The price will fall into the oversold range, and many investors will panic, such as Moutai under the plasticizer restriction policy in 2008. Bitcoin, which plummeted in the first half of the 2020 epidemic, is giving investors the most comfortable opportunity to get on the ride. Such a buying opportunity has a high safe margin and high odds to profit. Many people don't understand why Buffett always holds 5-20% of cash, and what he is waiting for (with 20% of cash you can earn a lot). What he is waiting is the black swan.

There is a saying that people always overestimate the changes in one year, but underestimate the changes in three years. This is also true in the world of investment. We always overestimate one year's expectations for one thing, but underestimate the three-year results. I always think that if an investment doesn’t rise today, it won’t rise tomorrow, if it doesn’t rise this month, and it doesn’t rise next month, it’s not a good virtual currency or a good stock. If you don’t have the determination to wait for three to five years, don’t buy it; if you buy something, you decide to wait for it without any leverage; if you can’t wait for three years, you won’t be able to hold the original Bitcoin even if you did a time travel back to 2008 .

Knowing is easy and doing is hard; be a friend of time.

-- translated from http://losercointalk.org/thread?topicId=1109


The Number 21 Told Me To Stay Home Today

For those in the know, 21 is the devil's number -- the number of rebellion. And as we, in the 21st century, 2021 to be more specific, now arrive at the 21st of 8th month, the focus is on Afghanistan where American troops have just returned home after 21 years, and some wonder if this event will be used to trigger Agenda 21. And all while bitcoin hits the public eye on a massive scale with it's 21 million maximum currency, and binance is in a bit of a scandal over submitting to KYC regulations -- a currency which has a chain secured by 21 authorities. Panic over covid spreads, just as predicted in event 201 and people are fearing another attack similar to 9/11, which was in 2001.

Even the only game I ever play on my phone I learned now has 21 potential ranks, and the highest level is Phoenix... (Brain Wars)

I will likely be staying home on the 21st -- but not because they told me to.


Are you holding your bitcoin for a potential event or just selling right away?

Not sure if I sell or not. This is my first wipe, and I was curious if there was ever an event or something that drastically raised or lower their prices


If Palantir is prepping for a Black Swan event, you should probably pay attention. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/p8ept5/if_palantir_is_prepping_for_a_black_swan_event/

You guys sold all of my crypto to pay for auathorized transactions

Case #07027214, Complaint #07125720

A few weeks ago my phone was stolen from me and whoever took it purchased 8k worth of bitcoin and sent 6k to himself. I have never bought more than a few hundred dollars worth at a time, or even sent anyone bitcoin so this should have automatically been seen as a red flag. There was excess BTC of about 2k in my account because I was able to lock it down before they were able to send more. The guy that stole my phone did not send any of my BTC or LTC, but you guys sold it off anyway to pay for a transaction done without my consent on a stolen device. So from where I'm standing, the only people who have actually stolen from me was you guys because a large portion of the remaining crypto was MINE. I understand this was an automated event, but given the circumstanses you should have put that on hold. Can you guys just revert my portfolio back to how it was prior? I have sent yall the police report and a PDF of the transactions made that night. Please do the right thing.


[WTS] Jay Silver Bull Hand Poured Silver

Verification

Details below, please let me know if you see any errors. If the price seems too good to be true, it’s a mistake and if it seems too high let me know.

*Anyone I tag that doesn't want to be tagged in future sales, let me know. I take no offense. Anyone that wasn't tagged that wants to be tagged in future sales, let me know.

***Shipping alert for new buyers - I ship orders once a week. I do this for many reasons, most importantly to ensure I have adequate time to pack all orders safely. Proper packing is the only real insurance we have. Anyone that has received a package from would attest to the thoroughness of my packaging.

-Encased Coin/Round Center Cuts

$49 - 1.5 ozt (47.7 grams) Encased Zombucks Bar

$40 - 1.2 ozt (38.5 grams) Encased Star Bar

$43 - 1.3 ozt (41.2 grams) Encased ASE Bar

$36 - 1.1 ozt (35.5 grams) Encased ASE Round

$43 - 1.3 ozt (41.8 grams) Encased Silverbug Round

$43 - 1.3 ozt (43.3 grams) Encased Morgan Round

$43 - 1.3 ozt (41.3 grams) Encased Zombucks Round

$20 - 0.4 ozt (14.7 grams) Encased Libertad Round

-Prototype Cast Items

$67 - 1.4 ozt (46.3 grams) - Bartering Round - This piece carries an interesting story. Basically my best friend and I met on opposing sides of the negotiation table and hated each other. Come to find out, we were destined to be the best of friends.

$120 - 2.9 ozt (90.4 grams) #1 Headband Bar (Afro Samurai)

$115 - 2.7 ozt (86.0 grams) #2 Headband Bar (Afro Samurai)

$67 - 1.4 ozt (43.6 grams) Never Surrender

$48 - 1 ozt (33.3 grams) Imperial Beskar Round

$63 - 1.3 ozt (41.2 grams) Imperial, Jedi Double Sided

$48 - 1 ozt (33.9 grams) Jedi Beskar Round

$45 - 0.9 ozt (29.67 grams) FF7 Meteor

$105 - 2.2 ozt (67.0 grams) JSB Keyblade

-General Stock Cast Items

DEF 002 thru 010 - $70 Each (Around 1.7-1.9 ozt each) - Available - DEF 005 - DEF 007

1 ozt Beskar Bars (Made by JSB) - $50 each

-JSB Fractional

(40) JSB Cast Gram - $2.50 each

(32) JSB Honeycomb Cast Gram - $2.50 each

(5) 4+ grams each JSB Beskar Trade Dollar - $10 each

4+ gram Color Toned Beskar Trade Dollar - $10 each

4+ gram Antiqued Beskar Trade Dollar - $10 each

Graphite/Milled Bars

https://imgur.com/1dnjAKy - JSB Hammered Milled Fractional - 1/3 ozt - $12

https://imgur.com/yxxXMrb - JSB Milled Fractional - 1/2 ozt - $18

$145 Each - (3) 5 ozt Bars

$280 - (1) 10 ozt

Shipments on this sale will be USPS first class for $5 or priority for $8.

Payment by PPFF, Zelle, Venmo, Bitcoin, and ETH

Prices are subject to change at any time due to market fluctuations and in the event of a listing error or update.

Feedback – The easiest way to get feedback is to post a link to your comment on this WTS once received. This allows me to easily navigate there while on mobile


Exciting Fair Launch of BTCE

Hello everyone.

The day has finally come and BTCE boomed it with the 100% perfect Fair Launch.

Bitcoin Eco (BTCE) – an eco-friendly digitally self-mineable coin launched today – at 1300hrs UTC at starting price of $0.008.

Perfect Launch event – BTCE enjoyed a significant price increase and went through the roof in just minutes - 10X increase.

Buy it now before it is too late and enjoy the exciting Daily, Weekly and Monthly rewards at 0.4%, 2% and 3% respectively.

Don’t miss out this exciting opportunity.

Bitcoin Eco Contract Address and useful links are below;

The smart contract for Bitcoin Eco (BTCE) is: 0x1df15952D496e742c2AFF05275268559505dEDB1

BSC Address: https://bscscan.com/token/0x1df15952D496e742c2AFF05275268559505dEDB1

Poo coin chart: https://poocoin. app/tokens/0x1df15952D496e742c2AFF05275268559505dEDB1

Follow us on Telegram group and stay updated:

Telegram: https://t.me/OfficialBitcoinEco

Twitter: https://twitter.com/OfficialBTCE

Instagram: https://www.instagram.com/officialbitcoineco/

Reddit: https://www.reddit.com/u/OfficialBTCE/


Exciting Fair Launch of BTCE

Hello everyone.

The day has finally come and BTCE boomed it with the 100% perfect Fair Launch.

Bitcoin Eco (BTCE) – an eco-friendly digitally self-mineable coin launched today – at 1300hrs UTC at starting price of $0.008.

Perfect Launch event – BTCE enjoyed a significant price increase and went through the roof in just minutes - 10X increase.

Buy it now before it is too late and enjoy the exciting Daily, Weekly and Monthly rewards at 0.4%, 2% and 3% respectively.

Don’t miss out this exciting opportunity.

Bitcoin Eco Contract Address and useful links are below;

The smart contract for Bitcoin Eco (BTCE) is: 0x1df15952D496e742c2AFF05275268559505dEDB1

BSC Address: https://bscscan.com/token/0x1df15952D496e742c2AFF05275268559505dEDB1

Poo coin chart: https://poocoin. app/tokens/0x1df15952D496e742c2AFF05275268559505dEDB1

Follow us on Telegram group and stay updated:

Telegram: https://t.me/OfficialBitcoinEco

Twitter: https://twitter.com/OfficialBTCE

Instagram: https://www.instagram.com/officialbitcoineco/

Reddit: https://www.reddit.com/u/OfficialBTCE/


Exciting Fair Launch of BTCE

Hello everyone.

The day has finally come and BTCE boomed it with the 100% perfect Fair Launch.

Bitcoin Eco (BTCE) – an eco-friendly digitally self-mineable coin launched today – at 1300hrs UTC at starting price of $0.008.

Perfect Launch event – BTCE enjoyed a significant price increase and went through the roof in just minutes - 10X increase.

Buy it now before it is too late and enjoy the exciting Daily, Weekly and Monthly rewards at 0.4%, 2% and 3% respectively.

Don’t miss out this exciting opportunity.

Bitcoin Eco Contract Address and useful links are below;

The smart contract for Bitcoin Eco (BTCE) is: 0x1df15952D496e742c2AFF05275268559505dEDB1

BSC Address: https://bscscan.com/token/0x1df15952D496e742c2AFF05275268559505dEDB1

Poo coin chart: https://poocoin. app/tokens/0x1df15952D496e742c2AFF05275268559505dEDB1

Follow us on Telegram group and stay updated:

Telegram: https://t.me/OfficialBitcoinEco

Twitter: https://twitter.com/OfficialBTCE

Instagram: https://www.instagram.com/officialbitcoineco/

Reddit: https://www.reddit.com/u/OfficialBTCE/


Exciting Fair Launch of BTCE

Hello everyone.

The day has finally come and BTCE boomed it with the 100% perfect Fair Launch.

Bitcoin Eco (BTCE) – an eco-friendly digitally self-mineable coin launched today – at 1300hrs UTC at starting price of $0.008.

Perfect Launch event – BTCE enjoyed a significant price increase and went through the roof in just minutes - 10X increase.

Buy it now before it is too late and enjoy the exciting Daily, Weekly and Monthly rewards at 0.4%, 2% and 3% respectively.

Don’t miss out this exciting opportunity.

Bitcoin Eco Contract Address and useful links are below;

The smart contract for Bitcoin Eco (BTCE) is: 0x1df15952D496e742c2AFF05275268559505dEDB1

BSC Address: https://bscscan.com/token/0x1df15952D496e742c2AFF05275268559505dEDB1

Poo coin chart: https://poocoin. app/tokens/0x1df15952D496e742c2AFF05275268559505dEDB1

Follow us on Telegram group and stay updated:

Telegram: https://t.me/OfficialBitcoinEco

Twitter: https://twitter.com/OfficialBTCE

Instagram: https://www.instagram.com/officialbitcoineco/

Reddit: https://www.reddit.com/u/OfficialBTCE/


Dfinity official engineers interpret how ICP leads Web3 from the bottom of the technology

https://preview.redd.it/zqkx7xvg5ii71.png?width=689&format=png&auto=webp&s=4e57e1f3068e498231213b2fd582c020c49aa55b

With the gradual popularity of communication and visualization mobile terminal devices, people are flocking to the concept of web3 or meta universe. And how to take the road to a new world? But there is no clear answer. DFINITY has explored the path of “Internet computer” in 5 years of exploration experience. Will it become an effective solution?
Planet invited Paul Liu, the core technical engineer of DFINITY, to interpret it for us from the bottom of its technology.

Paul Liu is a core technical engineer at Dfinity. Before joining Dfinity, Paul worked as a research scientist at Intel Labs for 7 years. During the Intel Lab period, he built a highly optimized Haskell compiler for the X86 architecture. Paul has a Ph.D. from Yale University and studied under Dr. Paul Hudak, one of the inventors of the Haskell compiler. Paul is a member of the Haskell seminar and IFL, and has published a large number of academic papers.

Introduction

First, let me introduce DFINITY. This is a non-profit organization headquartered in Switzerland. All revenue can only be used for one purpose, which is to participate in the development and promotion of the Internet Computer, a decentralized open source network project. Although this project is led by DFINITY, the governance system has been launched since the day it went live, and the actual physical nodes of the network are also independently operated by many third-party independent operators. At present, it has been online for three months, and 53 operators have deployed 209 nodes in 20 data centers.

The entire project belongs to the holders of governance tokens, that is, the entire community. DFINITY will continue to participate in the development and promotion of the entire platform as a major technical contributor, but we are only one of the contributors. In just over three months of going online, many other community teams have already participated. The development of this platform is inseparable from the contribution of the entire community. To further promote decentralization is our main goal at the moment.

For answers to common questions, I prepared the answers in advance, so I may proceed faster. I also hope to leave more time for the on-site questioning session. I believe that some of the friends who participated in this AMA may have a certain understanding of Internet Computer, but many people may be exposed to some of the concepts here for the first time. So I will talk more about background knowledge at the beginning, I hope you can bear it.

As the creator of the Internet Computer platform, DFINITY’s vision is blockchain singularity, which means that all applications that can run on the Internet should be built with blockchain technology.

In order to do this, we have added a layer of protocol based on blockchain consensus technology above the TCP/IP level and below the application level. We call it Internet Computer Protocol (ICP). This set of protocols constructs a virtual subnet by exchanging data between multiple physical nodes (computers).

https://preview.redd.it/j0g8rphh5ii71.png?width=689&format=png&auto=webp&s=422f48bedca3d02f907e6424e841147b9bc36ab3

The nodes in the subnet reach a consensus on the input and output, mutually verify the calculation results, and can communicate with other subnets. Multiple subnets are combined together to build a virtual computer. The capacity can increase with the increase of subnets. Anyone can run programs on it, access other people’s programs, and so on.

But this sounds no different from our current Internet, especially the concept of micro service. Then why can’t the current Internet be called Internet Computer?

The difference lies in this set of ICP protocols. The purpose of this protocol is to ensure that all programs are executed correctly and their status cannot be tampered with. When a program calls another program, it can trust that the call will be executed correctly. Due to the lack of this layer of protocol on the current Internet, all programs have to solve the cumbersome problems of availability, reliability, and mutual authorization, etc., and thus bring various incompatibility and security burdens.

The core of this is trustworthy computing. There is a saying called trustless trust, which I think is very appropriate, without trust (partial) trust (whole). The development of the blockchain from Bitcoin to today also proves the power of trusted computing. But most of the applications are still concentrated in the financial field, and our goal is to expand to a broader Internet field. Why can’t I run a website directly on the blockchain? Why is the historical data of the entire chain needed to verify the calculations on the blockchain? Only by solving these problems head-on can the blockchain become the core technology of the Internet, not just at the level of recording and transfer.

Community Super Visit

Q1: Internet Computer provides a brand-new program construction paradigm and has its own set of “jargon”. Can you briefly introduce these “jargon” and what do you think are the most useful infrastructure for developers?

Pail: You can talk about it from several different angles. From the end user’s point of view, accessing an application on an Internet Computer is basically the same as accessing an ordinary website, and the user does not need to pay any fees. This has the same meaning as when using traditional cloud services, the cost is borne by the project party. Most other blockchains charge users for gas, which requires pre-installed wallet software, and the threshold is relatively high.

The cost of operating an application, including computing and storage, is measured in cycles of Internet Computer’s native token. The price of cycles is anchored to SDR, 1SDR = 1 Trillion Cycles. The price of SDR is weighted by a basket of currencies set by the International Monetary Fund, including the US dollar and RMB, and is relatively stable.

Back to the user’s point of view, they don’t have to care about the concept of cycles. But many applications need to process user logins. For this reason, Internet Computer has also launched an anonymous identity management system, which we use as Internet Identity. This system is completely based on web standards, and users do not need to install wallet software to use it.

All of these are to lower the threshold for users to use, so that the application of blockchain can really go out. Internet Identity is mainly to solve the problem of logging in to multiple devices with one identity. Moreover, the code name of this identity is different in different applications, which can prevent the user’s behavior from being maliciously tracked.

Finally, users may also be interested in participating in the governance of Internet Computer. This is a neuron voting system called NNS, which is one of our innovations. It is also at the application level, but it has a special permission, that is, it can manage all the subnets of Internet Computer and all aspects of the entire system, including node running code, version upgrades, creating new subnets, accessing new nodes, etc. Etc.

Finally, users may also be interested in participating in the governance of Internet Computer. This is a neuron voting system called NNS, which is one of our innovations. It is also at the application level, but it has a special permission, that is, it can manage all the subnets of Internet Computer and all aspects of the entire system, including node running code, version upgrades, creating new subnets, accessing new nodes, etc. Etc.

To participate in voting, you first need to hold ICP tokens and lock a certain number of ICPs to get a neuron. The weight of the vote is related to the number of locks, the lock duration, and the age of the neuron. Participating in voting will also be rewarded. The amount of reward has nothing to do with whether you vote for or against. It can also follow the decisions of other neurons and automatically vote. In general, these settings are designed to link users’ voting behavior with the long-term interests of the platform and reward users for their contributions.

Talking about the user’s perspective, let’s look at it from the developer’s perspective. The application running on Internet Computer is encapsulated in a lightweight container called canister. The concept of the docker container that is usually familiar to everyone is a bit different. Canister not only encapsulates the code, but also automatically persists the state of the container. It can be simply understood as a long-running operating system process. The state of the process, including memory and message queue, is automatically saved and will not be lost due to power-on and shutdown. This means that the concept of file system has been stripped off Internet Computer, and developers do not need to consider reading and writing files and hard disks to save data, which is a considerable simplification.

Canister’s code uses the bytecode of WebAssembly (Wasm), the latest lightweight virtual machine technology. Any language that can be compiled into Wasm can be used as a development language. The two languages ​​that currently support better are Rust and Motoko, but it is also possible to use the C language. Motoko is a programming language developed by us. It takes advantage of some Internet Computer features and comes with automatic memory management. Unlike Rust and C at the bottom, it belongs to the abstraction level of Javascript, TypeScript or Swift. It is easier to get started. Of course, the ecology is still under development, and library functions have yet to be enriched.

Another thing that developers need to understand is that the communication mode between canisters is asynchronous and belongs to the actor model. That is, each canister is its own process, and communicates with other canisters by sending messages, that is, asynchronous method calls. The processing of a canister’s internal message queue is single-threaded, and there is no need to consider locks. Each method call is atomic. Familiar with actor model programming is easy to get started.

To develop an application, the canister container is usually used as the back-end, and the front-end interaction can be in the browser or a separate APP. It was mentioned before that Internet Computer can run the website directly. This means that canister can implement the http request interface by itself, and return the web page including Javascript to the user’s terminal. The front-end and back-end can be packaged together into a canister and deployed on Internet Computer.

For front-end development, we have ready-made libraries to use, both Javascript and Rust. When the front-end needs to call the back-end code, just make an asynchronous function await call directly, and the bottom layer has been implemented by library functions. If you need to know more, there is an interface and data encoding format called Candid, which supports the implementation of multiple languages. Canister uses Candid to describe external interfaces and data types.

In general, what developers need to understand is around the concept of Canister. WebAssembly, Actor model, Orthogonal Persistence (automatic persistence), Motoko, Candid. I also recommend to learn about SystemAPI, which is the standard of Internet Computer interface https://sdk.dfinity.org/docs/interface-spec/

This information is very detailed, involving all aspects of the entire system, and we have made a lot of formal efforts to define the semantics of the interface, which is convenient for developers to understand the behavior of the system.

If you are doing system-level development, such as consensus protocols, virtual machines, etc., then there is more to talk about. You can go to the video series of the technical library on the DFINITY official website https://dfinity.org/technicals

Q2: Compared with traditional platforms such as Alibaba Cloud, Tencent Cloud, AWS, etc., what is the difference between Internet Computer? They are also the company’s self-built private cloud services, and also use data centers, remote backup, and multi-node operation.

Pail: The current cloud service platforms are all based on a basic setup. You must rely on the provider of this platform to maintain the security of the platform, maintain network connectivity, uninterrupted computing, and no data loss, etc.

Although the interests of the commercial platform itself and the users it serves, although most of the time do not conflict, they are not completely consistent. There is a concept Platform Risk that everyone should be familiar with, so I won’t go into it here.
But the most important point is that these cloud platform infrastructure providers do not want to become commodities (replaceable commodities), and they are doing their best to retain and lock customers.

Internet Computer first exists as a decentralized network. The nodes inside are all operated by third parties and run in different data centers. The governance of a real network is handed over to users, and is not dominated by node operators or data centers.

Therefore, there is no centralized commercial organization to make all the decisions. The design of the entire governance system is to proceed from a long-term perspective as much as possible, hoping to maintain the consistency of the interests of users and the development of the platform. This platform is paid to node operators. Whether a certain node is run by Zhang San or Li Si has no influence at all. This is a free market. So for Internet Computer, the hardware and network infrastructure have become a commodity.

Looking back at the development history of the entire PC industry, we can actually see that it is an inevitable law of history that infrastructure (such as PC hardware) has become a commodity, and I believe it will not be an exception for cloud services.

It can be said that computing platforms such as Internet Computer have been separated from the construction of hardware infrastructure. This kind of business model, if there is no decentralization, if there is no blockchain technology, it is impossible to imagine. But today it can become a reality, which is the best interpretation of the progress of the times.

From Bitcoin to Ethereum all the way, some people just saw the currency price hype and Ponzi scam and took a negative attitude towards this emerging thing. In fact, the change of the times is just in sight.

In addition to the consistency of benefits, another aspect requires more advanced technology to simplify system redundancy, thereby saving the entire platform overhead, which also means saving users.

Earlier, we also talked about the advantages of trusted computing. In fact, there is a distributed advantage and the advantage of using cutting-edge encryption technology. They mean that many traditional technical maintenance tasks, such as firewalls, are basically no longer necessary. If a customer wants to make good use of these current cloud platforms, it must invest a lot in operation and maintenance. And Internet Computer can save a lot of costs in this regard.

https://preview.redd.it/sqtxuxuj5ii71.png?width=691&format=png&auto=webp&s=6cda6d08d909bdef2c8396f10118b64cc6d9e568

The third point is tokenization, which is the tokenization of applications. This can be said to be the next trend in the development of the entire Internet application, which is unstoppable. Traditional cloud service providers also provide bridging components with the blockchain at best, and its architecture is inevitably quite bloated after a complete set. Since Internet Computer can directly run websites and applications, as a native blockchain, it is very easy to integrate tokenization.

Q3: Every smart contract on Internet Computer is “scalable”. Specifically, how does the protocol extension work at the technical level? Are there any cases of extension?

Pail: Scalability has several dimensions. One is storage space, one is network traffic, and the other is computing power. How many transactions can be processed per unit time. Whether it is scalable is mainly to see whether it can bypass known bottlenecks. On a public platform, we also need to consider how to allocate limited resources between different users and between different applications.

The main idea in the design of Internet Computer is to scale out, which is to solve the bottleneck by adding resources and creating new subnets. This is basically the same idea as mainstream web applications. When an application cannot handle all user requests through one canister, a reasonable approach is to use multiple canisters at the application level to process part of the user requests. That is to say, when designing an application, you need to take this into consideration, and at least leave a possibility of migrating to the new architecture. At present, I know that the design of OpenChat is based on multiple canisters. DSCVR also has such room, but it is still concentrated in one canister.

From the system level, through canister expansion, the current threshold of 4G memory can be surpassed. In terms of computing, it also started from the guiding ideology of concurrency, and did not choose the global atomic design of Ethereum. Therefore, different canisters process their own messages in their own threads. As long as the hardware load allows, the performance of other canisters will not be affected. As for the network, bandwidth basically determines the upper limit of expansion. Any blockchain cannot avoid this physical bottleneck. It can only be divided into different subnets corresponding to Internet Computer.

Of course, there are also various optimization schemes at the system level that can improve performance. We have been doing this work, hoping to give full play to the performance of the hardware.

Q4: Which types of Dapp are more suitable for loading on it? We found that there are relatively few DeFi protocols on Internet Computer. In the future, what direction will Dapp on Internet Computer have?

Pail: DeFi mainly needs liquidity to promote. For security reasons, the function of canister transfer ICP has not yet been opened, which also limits liquidity. However, this restriction is temporary. At present, since the launch of the entire network, the stability is still good. I believe that this restriction will be lifted through NNS voting at an appropriate time. I believe that many developers are ready, and the explosion of DeFi applications is only a matter of time.

Personally, I am still very optimistic about the social dapp on Internet Computer. Once this track has the blessing of tokenization, it will grow very quickly, and it will definitely not be inferior to DeFi and NFT games. There are also some social dapps on other blockchains, but they are all subject to the threshold of starting. After all, the correct use of wallets has already stumped many users. The dapp on Internet Computer uses Web standard technology and can be accessed by any browser.

Another direction I am optimistic about is applications for individual users and small and medium-sized enterprises. Like project management, file sharing, creator economy (podcast, vlog, web documents, etc.), although there are more mature solutions on the Internet, there are always platform risks. The platform risks of cloud services have also been mentioned earlier. I believe everyone has a certain personal experience of the monopoly of giants in various other fields. Now that the decentralized structure is a new possibility, the platform itself should become a transparent existence, instead of entrenched in the upper reaches of the food chain and swallowing the interests of users with overlord clauses.

In the final analysis, which track has a future depends on whether its application can quickly gather value. This value does not mean how much your project is locked, because this amount can change at any time. It’s about how many connections you have established with users, and how many connections you have established with other applications. As the trust deepens, as the use increases, it will become more and more valuable. The code can be pasted, but this association cannot be copied. If used properly, tokens can accelerate the accumulation of value to a certain extent, but ultimately it depends on the intrinsic value of the project itself.

Q5: Canister, as a container running by Webassembly, carries the environment running on the Dapp chain. What are the latest developments about Canister?

Paul: Just this Monday, DFINITY released a development roadmap, and the community is welcome to participate. https://dfinity.org/roadmap

Among them are related to canister:

  • Stable memory expansion
  • Canister ECDSA signature
  • Apply AMD SEV to protect data privacy

The expansion is currently mainly for stable memory, that is, memory management that is not affected by code upgrades. Previously, it was limited by the 4GB limit of the Wasm virtual machine, but now it can be released. The upper limit is subject to the total amount of memory in the subnet, which is currently around 300GB.

ECDSA threshold signature technology, in simple terms, is to allow each canister to sign data without storing the private key, and this signature can be verified by the public key, and each canister can get a unique public key. This is in the same line as the Chain Key technology we have implemented, and it has a wide range of applications. For example, canister can directly initiate a Bitcoin or Ethereum transaction and sign it.

This means that what originally had to be done in a private environment to give the private key to the program can now be done in a decentralized environment. It can also be used in the issuance of SSL certificates, DNS custom domain names, and so on.

The use of AMD SEV technology is mainly to protect Canister’s data privacy to a certain extent, so that even node operators cannot snoop on user data. We have been making preparations for this side, and the difficulty is relatively large. Fortunately, the hardware used by the nodes already supports SEV technology, so I hope it will be a smooth upgrade by then.

Q6: “Open Internet Services” can implement permanent APIs, allowing developers to build data or functions that depend on other services without the risk of revocation. How to deploy “Open Internet Services” on Internet computers?

Paul: The easiest way to provide a permanent API is to make its code unmodifiable by setting the canister controller to an empty set.

I personally made a very simple canister called blackhole. Its main purpose is to allow other canisters to set the controller as blackhole, so that not only the code becomes unmodifiable, but blackhole also provides additional query functions, such as checking the balance of book cycles or checking the hash value of the code. The controller of blackhole itself is set to itself, and its code is also public, so it is easy to verify the correctness of the hash value. If you need to make your canister trusted by others, setting its controller to blackhole is a simple way.

https://preview.redd.it/uhgu81yl5ii71.png?width=691&format=png&auto=webp&s=678280fdc06b0e8bf9ff04abf205c68876b944fe

But if you still need to maintain the code upgrade function, this requires the introduction of community governance functions. The Service Neuron System we are developing allows applications to create neurons by locking tokens and then voting to manage all aspects of the application, including code upgrades. Of course, the SNS system we made is still under development, and there is no instance yet. And it is only one of the candidate solutions. The community has already made other attempts in this area, and I believe it will gradually mature.

Q7: Security is an important issue for computers. What mechanisms does Internet Computer use to replace functions such as firewalls? In terms of tamper resistance, what are the characteristics of DFINITY compared to other blockchain bottom layers?

Paul: One of the main functions of the firewall is to prevent hackers from invading the system and gaining intranet permissions to achieve the purpose of stealing or tampering with data. First of all, the division of authority between the intranet and the extranet is very problematic. It is quite fragile, because once it is breached, all the default permissions of the intranet are exposed to the attacker. Therefore, we have seen that many companies have abandoned this practice and changed to set permissions for each service and use unified identity management technology to authorize users.

Corresponding to it is the identity management on Internet Computer. A public key corresponds to the identity of a user, and then each canister can obtain the identity of the caller. This identity cannot be tampered with by a third party, whether it is a user calling canister or a call between canisters. This can be done because such calls must pass a consensus protocol, especially cross-subnet calls. Both the initiator and the responder must pass the consensus protocol, and will be recognized and executed after verification.

To quickly and efficiently verify the validity of any subnet signature, we must use the chain key technology developed by us. It can support dynamic node connection and removal while ensuring that the threshold signature public key remains unchanged. This is currently not possible with other blockchains, so Internet Computer is currently the leader in verifying transactions. Basically, there is no need to synchronize data between its subnets (except for the necessary public keys of the subnets and the public keys of the nodes. ).

To tamper with data on the Internet Computer, it is not enough to break the authority of a node. It must be able to control more than 2/3 of the number of nodes in a subnet. Therefore, the security of the subnet depends to a certain extent on the number of nodes. And through the irregular rotation of nodes, the security in this area can be further strengthened. Even if one subnet is compromised, it cannot fake the identity of other subnets, so the scope of the loss is controllable.

Ensuring that data is authentic and reliable from being tampered with is one aspect, while protecting data privacy is another aspect. Most blockchains are public data, so there is no privacy protection. True privacy protection can be achieved at the application level, using technologies such as homomorphic encryption, but the current efficiency is not enough. So our current plan is to apply AMD SEV technology to encrypt at the hardware level. However, the security of the entire Internet Computer does not depend on hardware, and the guarantee of SEV is a plus.

Q8: DFINITY’s name actually started 6 years ago. Although the mainnet launch process is relatively slow, we can see that the DFINITY team really wants to do something disruptive, and the consensus is also very strong. What are the factors affecting the transition from “Ethereum’s sister chain” to “world-class Internet computer”?

Paul: The slogan of World Computer was first put forward by Ethereum, and it has inspired many people, although now it is more focused on DeFi and digital assets. The direction of “world-class Internet computer” has always been the goal of DFINITY’s efforts, not a route that will be changed after financing.

At first, due to the constraints of the team, there were only clear innovations in BLS and consensus protocols, so the first step was to start with this aspect, launch a chain and then gradually iterate. But then we realized that if we don’t solve the problem of cross-subnet communication, we will always stay in the pit of “another blockchain” and it will be difficult to innovate. It is precisely because of the persistence of the team that a breakthrough in chain key has been achieved, the problem of cross-subnet verification has been solved, and the promise of scalability has been achieved.

Looking back, in fact, we just have to keep asking ourselves one question: Why can’t a decentralized blockchain run a website?

First of all, we must solve an efficiency problem, that is, access to a website requires a response in the millisecond level. How can it be done? Our answer is to separate the read-only query from the status modification, so 99% of the network traffic is read-only, which can be responded to in milliseconds. To modify the status, we also achieved a response within two to three seconds through innovation in the consensus protocol.

When the efficiency is reached, how to verify the correctness of the content? How to make ordinary browsers can do it? Then the conditions required for verification must be streamlined. Can you abandon the historical block and just pass a public key? How to solve the problem of dynamic changes of nodes with BLS public key? How to solve the problem of centralized domain name and SSL certificate? How to expand the capacity if the access traffic increases? Where are the bottlenecks and boundaries of expansion? What should I do if there is a conflict between the expansion requirements and the synchronization contract call method?
As long as you keep asking questions and searching for answers, I believe a practical plan will gradually emerge. This is what DFINITY has been doing in the past few years.

Q9: Ethereum has just completed the EIP-1559 upgrade and has taken the first step towards deflation, and the token price has gradually increased. Do you think that for decentralized infrastructure, is the performance of tokens more motivating to supporters or is technological disruption more important? How to achieve a relative balance between the two?

Paul: I look at it this way. The short-term performance of tokens depends on the confidence and expectations of market participants, and the long-term performance must return to the value of the platform itself. Ethereum’s technology can be said to have undergone the test of time. Despite its various shortcomings, it has been recognized by the entire cryptocurrency market.

As for deflation and inflation, each has its drawbacks. I can’t quite agree with the rhetoric of BTC maximalist. DeFi’s innovation in liquidity and incentives is also very exciting, but in the long run, most projects actually do not add value, and more of a digital game. Users who are acquired through a short-term increase in the price of tokens may also lose users because of the price drop or the rise of another project.

Technological innovation can easily be copied by competitors. However, from an overall perspective, these innovations have been pushing the entire industry forward. It is hard to say whether it can benefit from pure technological innovation if it falls on a single project. The industry is talking about ecological construction. How much protection can an ecological project have on a platform, especially a start-up platform, how to convince developers to invest is not an easy task.

I think the most worthwhile direction is to expand the circle of best efforts. From payment and transfer, to DeFi, to NFT and games, it is a continuous process of expanding the territory. Under this general trend, try to expand the blockchain technology to a wider range of fields, such as the goal of letting native websites run on the blockchain. Only by using technological innovation and token incentives to acquire new users can we flourish the ecology and enhance value.

Q10: Many people think that Internet Computer is the main position of web3 applications. Each public chain more or less has its own insights and technical implementation paths for web3, such as Polkadot and Ether. What is DFINITY’s insights and future plans/Roadmap on the road to web3?

Paul: The purpose of DFINITY is to put aside all unnecessary baggage and move towards the destination of Blockchain Singularity. There are still many imperfections in the Internet Computer project, and there is still a certain way to achieve this goal. We hope that more people can join in to promote the technological progress of the platform itself and build more colorful upper-level projects. To win customers.

The focus of each public chain is different. We believe that everything that can be built with blockchain will eventually be realized with blockchain. Therefore, it does not exclude the combination of other public chain technologies. For example, in our roadmap released on Monday, there are deep integration projects with Ethereum and Bitcoin, which are a perfect complement to both parties. This will further stimulate the cross-chain flow and integration of assets, simplify the application architecture, and discard the centralized baggage of cloud services, thereby improving the overall security and robustness of the application.

Running a website is an important step, but it is only the first step for Internet Computer. I believe that the foundation laid by Internet Computer will become part of the magnificent puzzle of Blockchain Singularity in the future.

Q11: What is Canister Signature? Where is the private key used by Canister for signing? In addition, does Canister support the Event mechanism similar to the Ethereum smart contract, which can be obtained by subscribing to an update call. Is the caller obtained based on the return value? Finally, when can ordinary Canister deal with ICP tokens?

Paul: Canister Signature refers to signing the calculation result (or contract status) of Canister with the public key of the subnet. Currently we use BLS threshold signature. It has a good feature that is the uniqueness of public key and signature, which is not available in other aggregate signature technologies (BLS can also be used as aggregate signature, and we also use it in the agreement) .

Threshold signatures are simply different nodes that have their own private keys to sign the calculation results. Once a limited number (threshold) of signatures are collected, a unique threshold signature can be obtained, using a public key. It can be verified, so this public key is treated as the public key of the subnet. There is no corresponding private key for the subnet here. The private key of each node is stored in its own way and is different.

A subnet can run many canisters. Using the merkle tree method, it is easy to get a path to one of the canister calculation results. Therefore, the signature of the subnet plus this path can be regarded as Canister’s signature of a certain piece of data.

Canister signature is equivalent to event log or receipt to a certain extent. Because we don’t require nodes to keep all historical blocks, it doesn’t make much sense to do this for event log alone. After all, such functions can be achieved through query call and certified var, and they are more powerful.

Canister’s handling of ICP tokens has long been technically not a problem, because it has not let go of permissions due to security considerations. With the stability of the system, our confidence has also increased a lot, so if there are no accidents, it is estimated that the decision will be made through community voting in the near future.


Add to your calendar Bitcoin SV (BSV) event: BSV Blockchain Conference - September 9, 2021

https://kryptocal.com/event/67838/bsv-blockchain-conference

Awesome Launch of BTCE

WOW !! It was hell of an event.

BTCE launched and went through roof in just minutes.

Buy now - contract address is 0x1df15952D496e742c2AFF05275268559505dEDB1

Join us on T.me/OfficialBitcoinEco to stay updated.


For all newcomers: Here are the TOP 50 Coins and a Description

It has been a long time and new coins enter daily!

For new people coming into the crypto space, all these coins and platforms can be really overwhelming. This list summarizes the TOP 50 coins, sorted by market cap, to give an overview of projects they can read up on before investing.

  1. Bitcoin: BTC was the first decentralized cryptocurrency, originally described in 2008 in a whitepaper by (allegedly) Satoshi Nakamoto.
  2. Ethereum: Ethereum is a decentralized open-source blockchain system that has its own currency ETH. The blockchain works as a platform for numerous other cryptocurrencies, as well as decentralized smart contracts.
  3. Cardano: ADA is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
  4. Binance Coin: BNB, Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. BNB is the native token of Binance and is used for transaction fees on the platform.
  5. Tether: USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether.
  6. Ripple: XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. It has a lot of troubles with the SEC.
  7. Dogecoin: DOGE is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. Although it was originally intended as a meme, it has been pumped by popular figures like Elon Musk.
  8. USD Coin: USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.
  9. Polkadot: DOT is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
  10. Solana: SOL is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
  11. Uniswap: UNI is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
  12. Bitcoin Cash: BCH is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks).
  13. Terra: LUNA is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
  14. Chainlink: LINK is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
  15. Binance USD: BUSD is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS)
  16. Litecoin: LTC is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
  17. Internet Computer: ICP is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers.
  18. Polygon: MATIC is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
  19. Wrapped Bitcoin: WBTC is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
  20. Stellar: XLM is an open network that allows money to be moved and stored. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders.
  21. Ethereum Classic: ETC is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
  22. VeChain: VET is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
  23. Theta: THETA is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
  24. Filecoin: FIL is a decentralized storage system that aims to “store humanity’s most important information.”
  25. TRON: TRX is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.
  26. Avalanche: AVAX is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
  27. Dai: DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization.
  28. Aave: AAVE is a decentralized finance protocol that allows people to lend and borrow crypto.
  29. EOS: EOS is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.)
  30. The Graph: GRT is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem.
  31. FTX: FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX .
  32. Monero: XMR was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity.
  33. Klaytn: KLAY is a public blockchain platform providing an accessible user experience and development environment in order to convey the value of blockchain technology.
  34. PancakeSwap: CAKE is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
  35. Axie Infinity: AXS is a blockchain-based trading and battling game that is partially owned and operated by its players.
  36. Cosmos: ATOM aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
  37. Neo: NEO bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together.
  38. Crypto.com Coin: CRO is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
  39. Maker: MKR is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
  40. Bitcoin BEP2: BTCB is a token on the Binance Chain. Each BTCB is 100% backed by a BTC reserve, with the price pegged to Bitcoin at a rate of 1 BTCB = 1 BTC.
  41. Algorand: ALGO is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world.
  42. SHIBA INU: SHIB, once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it. A memecoin at its finest.
  43. Tezos: XTZ is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork.
  44. Bitcoin SV: BSV main aims include delivering stability and achieving scalability, something that the original BTC blockchain has struggled to achieve.
  45. IOTA: MIOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.
  46. Elrond: EGLD is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.
  47. BitTorrent: BTT is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years.
  48. UNUS SED LEO: LEO is a utility token that’s used across the iFinex ecosystem. The unusual name is based on a Latin citation from one of Aesop’s fables.
  49. Kusama: KSM, self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.
  50. Waves: WAVES is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

    If this list helps atleast 1 new person, im happy!


Blackrock invests ~$380 Million in Bitcoin Mining while Palantir to Accept Bitcoin Payments in Preparation for "Black Swan Event".

"A mandatory SEC filing dated June 30, 2021 shows that Blackrock, the world’s largest asset manager with $9 trillion in assets, has taken significant stakes in two bitcoin miners, 6.71% in Marathon Digital Holdings and 6.61% in Riot Blockchain."

"Billionaire Peter Thiel’s publicly-traded Palantir Technologies Inc. told Bloomberg it is preparing for a “black swan event” by inviting customers to pay for its data analytics software in Bitcoin."

"Black Swan Event": Is it Hyperinflation?


SAFEMOON ARMY PLEASE READ

I’m super bullish on crypto in general but I really like Safemoon because it solves problems that are common with pretty much all crypto currency. Crypto “experts” always throw around words like utility and use cases, usually in conjunction with FUD and 9 times out of 10 the crypto they are shilling has the same problem. Safemoon is also great because it’s not waiting around for someone in retail or industry to adopt it for use, Safemoon whether you want to admit it or not Safemoon's first case for utility is tokenomics, reflections are a legitimate use not to mention all the other use that will be automatically created when the wallet, Exchange,, and Blockchain are online. The use cases for reflections in the financial world are limitless because it can be packaged to be anything from a automatic savings to a 401k. I love the fact that Safemoon works backwards from 1 quadrillion to a number that gets smaller and smaller over time, once again built in token reduction means ever increasing value even now notice when the whales aren’t selling the price goes up. So let’s talk about the whales, for many, Safemoon is an investment the same way we have a retirement account or other common investment.

The actions of the whales are actually necessary now (pre ecosystem launch) because the entire community benefits long term, every single reflection you receive now cost you nothing and should be dollar cost averaged the same way you do if you buy dips.

Many holders like myself initially bought at the all time high but every reflection reduces my overall investment cost (or loss if you want to look at it negatively), either way we should all be happy when the whales sell in the controlled way they have been selling. As you know each sale also reduces their dominance in the future. (this will mean a much more stable coin in the future) Bitcoin, Doge, Etherium, etc will always be able to be able to be manipulated by whales, or at the very least unwanted volatility not something I like to think about as I hold all of them.

I am amazed at the strength of the community our strength is what will propel us through the Pre-Ecosystem Era, it’s important not to let anyone weaken the community it is the foundation of Safemoon, when we let negativity. Elmer FUD, and lack of vision effect us, we are in effect messing up our own investment, so it is imperative to protect what we have by not speaking against it, I’m not saying don’t hold the Safemoon team accountable, I’m saying if you should be a professional when it comes to your money, you will need the practice for the future when our investments change lives.

My final thoughts are to the Safemoon team. Thanks for all you do! In the light of all these hacks lately I’ve been thinking about a security standard for coins and tokens, my idea is to serialize each coin so that in the event of a hack or theft the coins can be “flagged” or even neutralized upon any unauthorized event, they can also be restored upon return, burned, or burned and replaced, Owners still have complete anonymity but there are protections for the asset.

If the crypto community doesn’t solve this problem the regulators will use crypto currency security weaknesses to heavily regulate it or eradicate it all together. But check it, Imagine if you could get you money back if someone ripped you off. I have sent messages to the team haven’t heard back yet, but let me know what you think.


Huobi Study Club:Will El Salvador boost cryptocurrency prices after making Bitcoin a fiat currency?

https://preview.redd.it/4knrce6vkhi71.jpg?width=1267&format=pjpg&auto=webp&s=e19128582378895029689c7edb1b6c5fc09dff29

Huobi Obsrvation

The Central Bank of El Salvador issued two drafts on 17 August. The first, titled “Guidelines for the Authorization of Operation of the Digital Wallet Platform for Bitcoin and Dollars”, defines BTC as legal tender and will see the country formally adopt the digital asset on September 7. The second document titled “Technical Standards to Facilitate the Application of the Bitcoin Law”, points out a number of compliance details.

Huobi Study Club notes that there are no regulations yet on accounting standards or exchange rates for converting Bitcoin to fiat currency or converting fiat currency to cryptocurrency.

Public information indicates that the US dollar will remain the country's primary currency and will also remain the primary currency used by businesses, governments and all others for their operations. The use of Bitcoin and digital wallets will be "completely optional" and businesses that do not accept cryptocurrencies will not be sanctioned.

Earlier, a crowd of left wing trade unions, student associations and other organizations gathered in the legislative assembly in El Salvador to demand the withdrawal of the so-called Bitcoin law. Surveys show that around 77% of the country's population rejects the Bitcoin law.

According to Huobi Study Club, making Bitcoin as fiat currency could reduce the cost of remittances in El Salvador, which account for nearly a quarter of the country's GDP. Another advantage would be the ability to offer banking services to the unbanked, for nearly 70% of El Salvador's citizens currently unable to access a bank account. In addition, El Salvador may attract more investment in cryptocurrencies.

Huobi Study Club has repeatedly maintained the view that Bitcoin is unsuitable as a payment circulation tool due to the efficiency of transfers and the volatility of market prices. Objectively, it is difficult for El Salvador to introduce Bitcoin as fiat currency and reach to the ground.

However, the official adoption of BTC as El Salvador's fiat currency on 7 September will be a major factor in boosting the cryptocurrency market in the near future.

https://preview.redd.it/csz75dkwkhi71.jpg?width=1267&format=pjpg&auto=webp&s=8e68a41d818c6fd9dc734a312e54d6ab3e21c9a2

Huobi Newsflash

[HuobiGlobal enters into a technology partnership with Arbitrum, an Ethereum scaling solution]

HuobiGlobal has announced a technology partnership with Arbitrum, the industry-leading OptimisticRollups solution developed by OffchainLabs. It aims to enable users to experience easier, faster and more secure services based on the new generation of Layer 2 technology.

[New TUSD/USDT pair added to Huobi Global stablecoin trading area]

Huobi Global is planning to add the TUSD/USDT pair to its stablecoin trading area, with an expected opening time of 16:00 (GMT+8) on August 20. It is reported that the stablecoin TUSD is conducting a gold shovel mining campaign in conjunction with the HECO ecosystem. The first three projects, MDEX, FiLDA and Channels, will go live.

[Coinbase will buy more than $500M cryptocurrency asset on its balance sheet]

Coinbase co-founder and CEO, Brian Armstrong, announced that the company will buy more than $500M cryptocurrency asset on its balance sheet in an August 20 tweet, adding that Coinbase also plans to invest 10% of all profits generated into digital assets moving forward. A blog post published by Coinbase on the same day announces that the move will establish the exchange as the first publicly-traded company to hold BTC, ETH, Proof-of-Stake, DeFi tokens and other assets on its balance sheet.

[ARK Fund reduced its holdings of Coinbase by over 90,000 shares and GBTC by 110,000 shares this week]

ARK Fund data shows that it sold 95,802 shares of Coinbase and 112,463 shares of GBTC this week (Aug 16 - Aug 19).

[Boxing legend Mike Tyson launches NFT collection for auction on OpenSea]

August 20, Boxing legend Mike Tyson has dropped a series of NFT collectibles on the platform of the NFT, OpenSea.

[Brazil's central bank governor: regulators need to pay more attention to investors’ demand for cryptocurrencies]

August 20, Brazilian central bank governor Roberto Campos Neto said Thursday at an event organized by the Council of the Americas that regulators need to pay more attention to investors’ demand for cryptocurrencies, which are not going away but will coexist with instant payment platforms.

[London-listed crypto mining company Argo Blockchain files for a $75 million US IPO]

August 20, Argo Blockchain, a blockchain technology company focused on large-scale crypto mining, filed on Thursday with the SEC to raise up to $75 million. It plans to list on the Nasdaq under the symbol ARBK.


How to invest money in your 20s in India

1. Mutual Funds

Mutual Funds are money that is pooled together by many investors and managed professionally by a fund manager. It's a trust that collects money on behalf of investors who share a common investment goal. The money can be invested in equities or bonds, as well as other financial instruments. Each investor owns a percentage of the fund's total assets.

Mutual funds can be a great investment option for early-stage investors, as they are easy and affordable to research and purchase. Most mutual funds require a minimum lump-sum investment of Rs. 1000 to Rs. Investors can invest as little as Rs. These funds allow investors to start a SIP for as low as Rs. 100 each month. High-risk Mutual funds can offer annualized returns up to 30-35%. Section 80C allows mutual funds to be exempt from tax.

These are the top Mutual Funds that you can invest in.

ICICI Prudential Focused Bluechip Equity Fund

Aditya Birla Sun Life Small & Midcap Fund

Tata Equity PE Fund

HDFC Monthly Income Plan- MTP

L&T Tax Advantage Fund

2. Life Insurance Policies

The younger and more healthy you are, the less expensive life insurance will be. Because you get older, your chances of developing health problems that can increase the cost or make you uninsurable are higher. Life insurance policies are essential in your 20s.

Also, Read - How technology has simplified the way investors access properties?

Life insurance can be a smart financial decision. It provides a safety net for your loved one and beneficiaries in the event of your death. Your family might be dependent on your income, and you may have large educational loan debts. Your premium will not change if you purchase a policy for more than 30 years when you are still in your 20s. If you wait 15 years, your premium will increase. It is a good idea to buy insurance policies as soon as possible. You should have the following insurance plans in your portfolio:

Life insurance

Health Insurance

Personal accident/Disability coverage

Financial experts recommend against investing in Life Insurance policies as they have had poor returns.

3. Shares/ETFs

Simply put, investing in shares is like investing in businesses. You buy shares in a company and invest your money in its business. In return, the company pays dividends. Your investment in the company will increase as the company performs well.

Your 20s is a great age to learn about the share market and how you can invest in shares of different companies. Although the stock market can be volatile, it is crucial to identify the best companies to invest in. This is done by performing fundamental analysis as well as technical analysis of the company’s share price over time.

Also, Read - The conditions of real estate after unlocking in 2021

The right company can be very profitable over the long term if you invest in it. For example, if 1 Lakh INR was invested in HAVELLS shares back in 2005, it would have grown 100x to 1 Crore by 2021. This is why it's important to invest in the right stocks in order to get more returns.

ETFs, also known as Exchange Traded Funds, are security products that track an Index sector or commodity. However, they can be bought or sold on the same stock exchange as regular stocks. NIFTY 50, a benchmark Indian stock exchange index, is the weighted average 50 largest Indian companies that are listed on the National Stock Exchange. These indexes can be invested in just like shares of any other company. Indexes are used to measure the performance of a particular sector, commodity, or asset and therefore are less risky than investing in shares.

4. Purchasing a House/ Investing in Real Estate

Buying a house is probably the biggest life goal for Indians between the ages group 22 to 45. A 2019 survey by Aspiration Index found that Indians aged 22 to 45 consider buying a house and saving money for their children's education to be the top long-term goals. A house is a good investment choice. A home is the most tangible asset that you can invest in, given India's obsession with tangible assets. Owning a home has the obvious financial advantage of price appreciation, which builds home equity. A home purchase can also bring tax benefits. Section 24 of the I-T Act allows interest deductions up to Rs 2 Lakh, which includes 1/5th interest earned during construction.

Although buying a home in your early years of working life can seem overwhelming, as you may not have sufficient capital to make a downpayment on a house during this time, it is possible to save enough money in your late 20s and start saving up for the down payment so that you can consider purchasing a house.

5. Fixed Deposits (FDs) and Recurring Deposits

Also, Read - The Common Problems Tenants Face are Now Resolved

Fixed deposits are a great way to increase savings while maintaining maximum safety. You can make a lump sum deposit with your bank/financier, and then choose the tenure that suits you best. The tenure ends and the deposit earns interest for the duration of the term at the rate you have set.

Like an emergency fund, it is always a good idea to have a short-term savings plan. You can keep an RD for 6 months to one year, which will ensure you have enough cash on hand. Many banks offer interest rates between 6% and 7%.

If you are looking for low-risk investment options that offer both security and liquidity, FDs or RDs can be a good option. You can begin investing in these instruments as early as your 20s.

6. Investing in Precious metals – Gold/Silver

India's people love to invest in precious metals such as Gold and Silver because they are a sought-after commodity for centuries. The rare and highly liquid asset of gold is unique. It is used to hedge currency risk and protect against inflation losses. Gold is a better investment than Silver because Silver prices are constantly under the shadow of the Gold market.

Let's compare the prices of 10 grams of Gold back in 2000 and 2021 to put the situation in perspective. The price for 10g of 24K gold in 2000 was as low as 4400 INR. In 2021, the price is almost 50,000 INR. This represents a gain of 1036% over 21 years (CAGR 12.27%). You can see that Gold is a smarter investment option than fixed deposits in Banks (7%) and low-risk mutual funds (8-10%).

If you are looking for an investment that is safe, liquid, and offers decent annual returns, then Gold can be considered. Investing in Gold comes with storage risks and theft risks. Therefore, one should be careful and plan for safety and storage before investing.

Also Read - 10 Things a New Landlord Must Know

7. PPFs

The central government has created the PPFs, a long-term retirement savings scheme that currently offers 7.6% interest per year. It is best to start investing at the beginning of FY (beginning at Rs. To reap maximum benefits, you should invest between 500 and 1.5 lakhs. It can be extended in five-year increments after maturity. All interest, capital, and proceeds are exempt from tax (also known as EEE benefits).

If you don't want to take greater risks with your savings, but still wish to invest for tax benefits and average returns, PPFs might be a good option.

8. Cryptocurrencies

Cryptocurrencies are a popular, but risky, investment option that is gaining popularity. Cryptocurrencies can offer higher returns over a shorter period of time. BITCOIN is becoming a popular buzzword and investors are increasingly interested in investing in it.

Cryptocurrencies are digital currencies that use cryptography to protect their privacy and security. Blockchain technology is the basis of security. It is simply a shared digital ledger that is linked in blocks and then made available to the public in a shared network. Due to the complexity of interbank transactions globally, exchange rates must be considered. This can lead to higher transaction costs. Because they accept the same rate globally, cryptocurrencies solve the problem and allow transactions to be completed much quicker than the existing process. Cryptocurrencies will be used to make transactions quicker and easier for larger businesses as well as people who need to travel frequently to other countries.

It is important to learn about the various projects and understand the importance of cryptocurrency before you decide to invest. Bitcoin is the most widely used cryptocurrency and has the highest market capitalization. Ethereum and Binance Coin are close behind.

The 20-year-olds are the most risk-averse and have some money after other investments. Keep in mind that cryptocurrency prices can fluctuate and one should only put money that they are willing to risk in the event that things don't go according to plan.


Cardano Rumor Rundown August 20, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Various rankings websites are called out for what seems to be an unbelievable number of errors that imply an anti-Cardano bias. https://twitter.com/TheADAApe/status/1428312666569904129
  2. Coinbase is going to invest $500M into crypto and 10% of all profit going forward (probably increasing with time) according to Brian Armstrong. Since Cardano is listed on Coinbase and it’s a good guess they will invest in the coins they list, this is probably very relevant for Cardano. https://twitter.com/brian_armstrong/status/1428489591665856512
  3. If Google translate is correct, it looks like Bitpoint (a Japanese exchange) will begin its listing of ADA on August 25th. https://www.bitpoint.co.jp/news/info/info-2021081801/

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
  100. Weiss Crypto really loves the Cardano consensus protocol. https://twitter.com/WeissCrypto/status/1427646299936014337
  101. Applications are now open to be a local Cardano Meet-Up host for the Cardano Summit 2020. https://twitter.com/Cardano/status/1427309534226300928
  102. 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
  103. CNFT.io is back in action after a brief period of absence! https://twitter.com/CNFT_IO/status/142808300944668262
  104. The Djed Stablecoin paper and an explanatory article are now out. https://twitter.com/InputOutputHK/status/1427933093210607619
  105. In larger nation-state crypto adoption news (an area that is very relevant to Cardano), it looks like the Salvadorean Finance Minister is now saying that Bitcoin acceptance by merchants in El Salvador will actually be optional despite the language in the law. https://www.coindesk.com/el-salvador-bitcoin-not-mandatory-businesses

~Army of Spies