Wednesday, October 13, 2021

What Tezos needs to do to get more than just interest

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https://preview.redd.it/scuiqgebict71.png?width=1828&format=png&auto=webp&s=336514d90f04ff33a3438a15d16b5af0de64018d

Since Ethereum introduced the real-world advantages of the DeFi space, obviously, every developer would want to build their protocol on it. Alas, in a surprising turn of events, most developers are preferring some other chain for the same purpose.

Ergo, is there a chance that Ethereum could be knocked off its spot? And, can these “other” blockchains deliver as per expectations?

Ethereum and who?

A recent report published by the Bank of America, one which discussed digital assets, made some interesting revelations. The survey in question assessed developers’ interest in building their products on certain blockchains.

Ethereum, as expected, was the first choice. The second choice, however, was not Cardano, Solana, or Polkadot.

It was Tezos.

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https://preview.redd.it/hyetloecict71.png?width=944&format=png&auto=webp&s=6fab18e9b67cd513c8f42327905fd265784fb7a7

Tezos has the interest of more than 200 organizations that are interested in choosing the network for development purposes. 

Talking about the chain itself, Tezos has seen a significant rise in adoption lately, and that too in varying arenas. Just recently, Tezos was announced as one of the chains selected for the Digital Euro experiment. This wasn’t the first time either as back in 2020, Société Générale Forge had picked Tezos to run their CBDC experiments.

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https://preview.redd.it/dh73yjcdict71.png?width=944&format=png&auto=webp&s=bd5575227d0637d1447bc7038e2b6be6c4b51e63

Tezos in demand | Source: Bank of America

Additionally, the various NFT projects that popped up on Tezos during the NFT season had names like DojaCat attached to them. In fact, one of them was sold for over $188k. 

Here’s the caveat to it all

However, Tezos does not have much participation going for it. In the DeFi space, Tezos only has 7 protocols on the chain, with their combined value locked at around $200 million.

Plus, for all the announcements made about the Tezos blockchain, its development activity does not project that same bullish confidence. Development activity has been pretty much dead since April 2019 and barely any spikes have been seen throughout the last 2 years.

https://preview.redd.it/9vuv0cbeict71.png?width=3840&format=png&auto=webp&s=be8c8deac0d72bb4beb2feca2f8ae9d7e59b2436

Tezos development activity | Source: Santiment – AMBCrypto

Even so, the token XTZ has somehow managed to maintain a strong correlation with Bitcoin. The same had a reading of 0.73, at press time.

This, despite the fact that XTZ’s price has dropped by over 23.1% over the past week.

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https://preview.redd.it/d1zppm3gict71.png?width=1559&format=png&auto=webp&s=b7486283c7b8725a1e1c3ba8772fe74c7d5b1089

XTZ price action | Source: TradingView – AMBCrypto

It’s difficult to call where things are with Tezos. While, yes, there is a lot of interest around it right now, Tezos will have to do more. Amping up the network by working on the development front will be crucial to this interest translating into something more.

(ambcrypto | Aaryamann Shrivastava)


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The cycles are over. Bitcoin has entered a new phase of its existence.

In just the past year, a nation has adopted Bitcoin as a national currency. Fortune 500 companies are adding Bitcoin to their balance sheets. I firmly believe that Bitcoin will become the global currency reserve of the Human Race. We are still super early to the event my friends, soon the idea of purchasing Bitcoin under $100,000 will be equivalent to hitting the mega millions jackpot. Keep stacking SATS, never sell your Bitcoin. Think long term with your Bitcoin, yes I’m talking generational wealth. If you are reading this now you are in the right place and witnessing the early beginnings of the new financial monetary sector that will dominate humanity for thousands of years.


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CMV: The United States will be a cashless society by 2040

The above interpretation of cashless society proposes that all transactions that might otherwise have been conducted with physical cash will be conducted digitally. In short, there will be no physical cash in circulation with the exception of physical cash kept for posterity sake. This post is not meant to infer or forecast the type of digital payment system(s) that will replace physical cash; only that physical cash will not be used for transactions in the United States by 2040. The CMV post does not propose any view about the status of the US dollar in other countries where it is currently used as legal tender.

There are many drivers that are moving and will move the United States toward becoming a cashless society, some of which are already well established. Credit and debit cards are widely used in the United States. Payments and transfers via established financial technology companies such as PayPal and Square are becoming more and more common. Emerging trends also point to movement toward becoming a cashless society. The following trends have shaped my view:

  1. September 2021 comments from Chairman of the Federal Reserve, Jerome Powell, indicate continued US government effort toward developing a digital currency. (Source)
  2. More and more businesses and governments are recognizing digital currencies as an accepted currency or legal tender. (Source)
  3. Companies such as Apple, Facebook, and Amazon are exploring digital currencies. (Source)

2040 is an accurate date for the US to become cashless based on several factors. First, the current velocity and momentum of the above cashless trends leads toward 2040. The US will likely launch some type of Central Bank Digital Currency (CBDC) in the near future; however, it will take considerable time to test, evaluate, and finally fully deploy the CBDC. Considering the Diffusion of Innovation Theory (Innovators, Early Adopters, Late Majority, and Laggards), the United States is likely in the “Laggards” portion of the adoption curve in terms of acceptance of cashless payment indicating widespread acceptance. This means that most people have accepted transacting using credit or debit cards, or through some other type of non-physical cash means. On the other hand, the US is likely in the “Innovator” portion of the adoption curve when considering US national acceptance of becoming a cashless society. Geopolitical events and fast-paced technological innovation combined with the above trends will drive the US toward becoming a cashless society by 2040. What do you think?


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CMV: The United States will be a cashless society by 2040

The above interpretation of cashless society proposes that all transactions that might otherwise have been conducted with physical cash will be conducted digitally. In short, there will be no physical cash in circulation with the exception of physical cash kept for posterity sake. This post is not meant to infer or forecast the type of digital payment system(s) that will replace physical cash; only that physical cash will not be used for transactions in the United States by 2040. The CMV post does not propose any view about the status of the US dollar in other countries where it is currently used as legal tender.

There are many drivers that are moving and will move the United States toward becoming a cashless society, some of which are already well established. Credit and debit cards are widely used in the United States. Payments and transfers via established financial technology companies such as PayPal and Square are becoming more and more common. Emerging trends also point to movement toward becoming a cashless society. The following trends have shaped my view:

  1. September 2021 comments from Chairman of the Federal Reserve, Jerome Powell, indicate continued US government effort toward developing a digital currency. (Source)
  2. More and more businesses and governments are recognizing digital currencies as an accepted currency or legal tender. (Source)
  3. Companies such as Apple, Facebook, and Amazon are exploring digital currencies. (Source)

2040 is an accurate date for the US to become cashless based on several factors. First, the current velocity and momentum of the above cashless trends leads toward 2040. The US will likely launch some type of Central Bank Digital Currency (CBDC) in the near future; however, it will take considerable time to test, evaluate, and finally fully deploy the CBDC. Considering the Diffusion of Innovation Theory (Innovators, Early Adopters, Late Majority, and Laggards), the United States is likely in the “Laggards” portion of the adoption curve in terms of acceptance of cashless payment indicating widespread acceptance. This means that most people have accepted transacting using credit or debit cards, or through some other type of non-physical cash means. On the other hand, the US is likely in the “Innovator” portion of the adoption curve when considering US national acceptance of becoming a cashless society. Geopolitical events and fast-paced technological innovation combined with the above trends will drive the US toward becoming a cashless society by 2040. What do you think?


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CMV: The United States will be a cashless society by 2040

The above interpretation of cashless society proposes that all transactions that might otherwise have been conducted with physical cash will be conducted digitally. In short, there will be no physical cash in circulation with the exception of physical cash kept for posterity sake. This post is not meant to infer or forecast the type of digital payment system(s) that will replace physical cash; only that physical cash will not be used for transactions in the United States by 2040. The CMV post does not propose any view about the status of the US dollar in other countries where it is currently used as legal tender.

There are many drivers that are moving and will move the United States toward becoming a cashless society, some of which are already well established. Credit and debit cards are widely used in the United States. Payments and transfers via established financial technology companies such as PayPal and Square are becoming more and more common. Emerging trends also point to movement toward becoming a cashless society. The following trends have shaped my view:

  1. September 2021 comments from Chairman of the Federal Reserve, Jerome Powell, indicate continued US government effort toward developing a digital currency. (Source)

  2. More and more businesses and governments are recognizing digital currencies as an accepted currency or legal tender. (Source)

  3. Companies such as Apple, Facebook, and Amazon are exploring digital currencies. (Source)

2040 is an accurate date for the US to become cashless based on several factors. First, the current velocity and momentum of the above cashless trends leads toward 2040. The US will likely launch some type of Central Bank Digital Currency (CBDC) in the near future; however, it will take considerable time to test, evaluate, and finally fully deploy the CBDC. Considering the Diffusion of Innovation Theory (Innovators, Early Adopters, Late Majority, and Laggards), the United States is likely in the “Laggards” portion of the adoption curve in terms of acceptance of cashless payment indicating widespread acceptance. This means that most people have accepted transacting using credit or debit cards, or through some other type of non-physical cash means. On the other hand, the US is likely in the “Innovator” portion of the adoption curve when considering US national acceptance of becoming a cashless society. Geopolitical events and fast-paced technological innovation combined with the above trends will drive the US toward becoming a cashless society by 2040. What do you think?


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🔵 DefiSports | Whitelist is Live | Professional Footballer Signed ⚽️ | HE will be on AMA at LAUNCH | Megaproject aiming to be top 100 projects in cryptocurrency | $1B mc target | 500 winners only for PRESALE

WHITELIST EVENT FOR PRESALE IS LIVE
https://sweepwidget.com/view/35039-u2gip8bn
LIVE AMA at 6 pm UTC (Video Chat) tomorrow with Midnight Show
https://t.me/TheMidnightShow

https://preview.redd.it/hqsd48txx9t71.png?width=2240&format=png&auto=webp&s=aff7dbe0dc9eaadabb98ff0afe1723489bfca4b1

< EARLY WINNERS GET THE WORM > MASSIVE DISCOUNT AT PRESALE

$DSC ~ DefiSportsCoin 🏅

DefiSports Holdings LLC aims to build a better future for the world of sports by incentivizing athletes and superseding the current infrastructure.

After a very successful private sale, we will now focus on marketing and signing athletes 📝🤝

Our public PRESALE on DXsale will start on 17th October!👀
Closing date: 15th October 1 pm UTC 🤩
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Our full audit is done and passed with Dessert Finance
https://github.com/DefiSportsCoin/Audit/blob/main/DefiSports%20BSC%20Audit%2011528096.pdf

👀 DOXXED TEAM 👀
Doing Video Chat AMA every day to speak with the community and updating on what's coming next in terms of Athletes, Marketing, and Tech Development.

100% SAFU and very experienced team

6 months in development with advisor Mr. BitcoinMan aka Herbert R Sim who has been advising the team since day 1, this is the first DEFI project for SPORTS with:

- 6 use-cases
- 3 Utilities
- Athletes
- Advisors

🏈 Only 500 Winners will be WHITELISTED

​

🤗 Presale Details

SC: 275 BNB

HC: 550 BNB

Min Buy: 0.5 BNB

Max Buy: 3 BNB

Presale : 1 BNB = 3 million DSC

Launch : 1 BNB = 2 million DSC

​

#Launch on 18th October in Pancakeswap 🚀

​

📌 Token info:

• Name: DefiSportsCoin

• Symbol: $DSC

• Token Type: BSC

• Total Supply: 10 Billion

• Contract Address:

0x4d33cbabaad3c7bffe202bb6a1b815f74ef04d51

​

Social Media:

🌐 Website:

(https://www.defisportscoin.com/)

⚽️ Telegram Group:

(https://t.me/DefiSportsLLC) 👥

​

#DYOR
#WhitelistPresale
#AMAWITH_ATHLETE_ON_TELEGRAM_AT_LAUNCH
#1BILLION_MC_IN_2022


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🔵 DefiSports | Whitelist is Live | Professional Footballer Signed ⚽️ | HE will be on AMA at LAUNCH | Megaproject aiming to be top 100 projects in cryptocurrency | $1B mc target | 500 winners only for PRESALE

WHITELIST EVENT FOR PRESALE IS LIVE
https://sweepwidget.com/view/35039-u2gip8bn
LIVE AMA at 6 pm UTC (Video Chat) tomorrow with Midnight Show
https://t.me/TheMidnightShow

Defi Sign New Athlete

​

< EARLY WINNERS GET THE WORM > MASSIVE DISCOUNT AT PRESALE

$DSC ~ DefiSportsCoin 🏅

DefiSports Holdings LLC aims to build a better future for the world of sports by incentivizing athletes and superseding the current infrastructure.

After a very successful private sale, we will now focus on marketing and signing athletes 📝🤝

Our public PRESALE on DXsale will start on 17th October!👀
Closing date: 15th October 1 pm UTC 🤩
🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟

Our full audit is done and passed with Dessert Finance
https://github.com/DefiSportsCoin/Audit/blob/main/DefiSports%20BSC%20Audit%2011528096.pdf

👀 DOXXED TEAM 👀
Doing Video Chat AMA every day to speak with the community and updating on what's coming next in terms of Athletes, Marketing, and Tech Development.

100% SAFU and very experienced team

6 months in development with advisor Mr. BitcoinMan aka Herbert R Sim who has been advising the team since day 1, this is the first DEFI project for SPORTS with:

- 6 use-cases
- 3 Utilities
- Athletes
- Advisors

🏈 Only 500 Winners will be WHITELISTED

🤗 Presale Details

SC: 275 BNB

HC: 550 BNB

Min Buy: 0.5 BNB

Max Buy: 3 BNB

Presale : 1 BNB = 3 million DSC

Launch : 1 BNB = 2 million DSC

​

#Launch on 18th October in Pancakeswap 🚀

​

📌 Token info:

• Name: DefiSportsCoin

• Symbol: $DSC

• Token Type: BSC

• Total Supply: 10 Billion

• Contract Address:

0x4d33cbabaad3c7bffe202bb6a1b815f74ef04d51

​

Social Media:

🌐 Website:

(https://www.defisportscoin.com/)

⚽️ Telegram Group:

(https://t.me/DefiSportsLLC) 👥

​

#DYOR
#WhitelistPresale
#AMAWITH_ATHLETE_ON_TELEGRAM_AT_LAUNCH
#1BILLION_MC_IN_2022


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BlockFi Pacing Toward Over $2 Billion in Annualized Spend with World’s First Bitcoin Rewards Credit Card

BlockFi is pleased to share that the BlockFi Rewards Visa® Signature Credit Card has been met with great engagement. Within 90 days of launching the first credit card to give Bitcoin as a reward to cardholders, credit card spend is currently pacing toward over $2 billion in annualized spending based on growth projections, further proving the appetite for the new credit card crypto rewards category that BlockFi is shaping. The average BlockFi client is on track to spend more than $30,000 per year on average, 450% higher than the average of $5,000 per year on all Amex, Mastercard, and Visa cards in the US.* 

https://preview.redd.it/n5ja3zp589t71.png?width=1024&format=png&auto=webp&s=cd73967f11f0929b13a461bda948e77a07c9b50a

“In just the first 90 days, the BlockFi Rewards Visa® Signature Credit Card has been an incredible success,” said Zac Prince, co-founder & CEO of BlockFi. “The fact that cardholders are pacing towards over $2 billion dollars in annualized spend reinforces BlockFi’s mission to provide clients with broader access to financial products and services that allow them to invest in cryptocurrency more easily and, in the longer term, possibly set them on a path to build generational wealth.”

https://preview.redd.it/5we7fzp789t71.png?width=1024&format=png&auto=webp&s=0051df792de73cadfc24b8794869b1a2e57a06c7

Since launching the card in August 2021, the BlockFi Rewards Credit Card community has grown to over 50,000 cardholders who have amassed over 120 bitcoin (equivalent to $6.8m as of price on October 12th, 2021) since the last #BlockFiDay, which is the monthly credit card rewards redemption date.

https://preview.redd.it/qgbcshf989t71.png?width=1024&format=png&auto=webp&s=4299c0cb7c4af8551b6d153e181dbae12eb7d177

Why Bitcoin as a reward? Bitcoin has outperformed other assets so far in 2021. Even with its price fluctuation, Bitcoin’s up 49% on the year, according to recent data published by CoinTelegraph.** In August,  BlockFi cardholders who were paid out rewards at their 3.5% intro rate earned an effective rate*** of over 4.25%, while customers earning the standard 1.5% back were earning a 1.8% effective rate due to Bitcoin’s recent price appreciation. With the intro rewards rate of 3.5%, cardholders can earn an additional $100 in Bitcoin in their first three months. For comparison, if you had earned $100 of Bitcoin in 2017 it would be worth over $4,000 in Bitcoin today.**** While asset appreciation is never guaranteed, based on historical growth no other rewards card can compete with the upside potential of earning Bitcoin.

https://preview.redd.it/mv6ml32c89t71.png?width=1024&format=png&auto=webp&s=e8c16da97cb40c7c049f69bb8dcedb8355a448b7

Who is using the card? One thing we have learned from analyzing early spending patterns is that there is no one type of Bitcoiner. As more people continue to adopt the BlockFi Rewards Credit Card as an easy way to earn bitcoin passively, we are seeing a variety of ways that people use the card. The top three merchants where people are spending the most and, as a result, earning the most rewards are Costco, Amazon, and Home Depot. 

Beyond people earning bitcoin back on the regular and everyday purchases like their groceries, bills, and home improvement projects, it is also notable that people are using major life events as a way to accumulate and grow their Bitcoin portfolio. One of the largest transactions to date was over $20,000 at Tiffany’s, which we are assuming might be an amazing engagement ring or anniversary present for some lucky person. 

And for the Bitcoin maximalist, who just can’t find enough ways to earn bitcoin, Compass Mining has been a top merchant for those who want to earn even more bitcoin from their home mining rigs.

https://preview.redd.it/5fg25k1h89t71.png?width=512&format=png&auto=webp&s=8ace4b3edf551c02e856398171c0e63af9239f5d

https://preview.redd.it/jn1qb6pi89t71.png?width=512&format=png&auto=webp&s=cf2b2668c924d5bc99f6b9d91aeb58bd5449bab6

Where are people most bullish on the Bitcoin rewards? The BlockFi Rewards Credit Card is available in the US, excluding New York, and BlockFi cardholders are represented in all 49 states where the card is available, with California, Texas, and Florida being the highest spending states along with Washington D.C. California alone accounts for a little over 20% of total spending and, in turn, earning the most bitcoin rewards.

Bitcoin is part of the future. And BlockFi cardholders know it. El Salvador has taken a historic step by making Bitcoin legal tender. Companies like Tesla, Square, and MicroStrategy have added Bitcoin to their books, and Tesla plans to accept Bitcoin as payment. As the world at large begins to adopt Bitcoin, the BlockFi card offers the easiest way to be a part of the future of money. 

Learn more about the BlockFi Rewards Visa® Signature Card here.

If you want to take advantage of earning Bitcoin back on every purchase, create a BlockFi account and apply now.

*Based on Q2 2021 publicly available operational performance data from American Express, Mastercard, and Visa.

\*[CoinTelegraph](https://cointelegraph.com/news/bitcoin-beats-stocks-commodities-to-best-performing-asset-of-2021). October 2021*

\**Based on the price of Bitcoin on October 12th, 2021*

\***Reward growth based on BTC price beginning on 1/1/17 and growth as of 9/21/21 according to CryptoGround Profit Calculator*


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Bitcoin continues to climb, Ethereum, Dogecoin lower

(Source: FOX)

Watch the video in our channel: https://www.youtube.com/watch?v=5KJV9-m8G6U

​

Bitcoin was trading more than 1.1% higher Tuesday morning.

The price was around $57134 per coin, while rivals Ethereum and Dogecoin were trading around $3475 and 22.3 cents per coin, respectively, according to Coindesk.

JPMorgan Chase CEO Jamie Dimon is no fan of Bitcoin, and he reiterated his feelings Monday by calling the cryptocurrency "worthless" while likening trading it to smoking cigarettes.

"I personally think that Bitcoin is worthless" Dimon said while speaking at a virtual event hosted by the Institute of International Finance. "But I don't want to be a spokesman for that, I don't care. It makes no difference to me."

Bitcoin was trading more than 1.1% higher Tuesday morning.

Meanwhile, Coindesk reported Bullish sentiment continues to grow after bitcoin’s price broke above $57000 Monday. BTC is up about 3% over the past 24 hours, extending its outperformance compared to alternative cryptocurrencies.

Analysts see a continued upside, with some projecting a return to the all-time high near $63000 this quarter.

"The crypto rally is impressive since it occurred in the face of a broader risk-off environment in both equities and bonds, with crypto markets seemingly decoupling from the equities markets" Coinbase wrote in a newsletter last week to institutional clients. "We are seeing BTC clearly lead this market up as evidenced by bitcoin dominance reaching multi-month highs."

(...)

Watch the video in our channel: https://www.youtube.com/watch?v=5KJV9-m8G6U


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JPMORGAN ON BITCOIN AND ROLLING OUT THEIR OWN CRYPTO

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During an event hosted by the Institute of International Finance, JPMorgan Chairman and CEO Jamie Dimon has shared his thoughts on the bitcoin once again. It was many times before he called bitcoin a “fool’s gold” or “a fraud”. However, despite any negative comments, coming from some important figures in Finance or Economy field, Bitcoin is still one of the most wanted crypto globally.

“I personally think that bitcoin is worthless,” said Dimon most recently about the $1 trillion asset. “How do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a sceptic of stuff like that”-he added.

JPMorgan is a leading global financial services firm, but the statements of the Dimon doesn’t quite measure with the position of JPMorgan itself- following the expanding interest in digital assets, JPMorgan rolled out their own cryptocurrency-JPM coin.


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Wow!! Get £10 Bitcoin completely FREE instantly from Luno with NO SPEND needed for new customers!! Don't miss out!! (UK Only)

Wow!! Get £10 Bitcoin completely FREE instantly from Luno with NO SPEND needed for new customers!! Don't miss out!! (UK Only)

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

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

You can even earn interest on your savings if you choose to!

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

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

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

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

You can also earn interest on your crypto if you open a savings wallet which is free! You would do this step after completing the steps above.

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

There is no catch and the £10 is totally free. The idea is they want to get more people into Bitcoin and this way lots of people can get involved and get £10 free Bitcoin to start their journey.

​

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

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

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

​

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


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BTC Major Events Download (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/q7de6j/btc_major_events_download/
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Bitcoin Season confluence with Total Market Cap

Link to previous post

Starting with the USDT.Dominance chart. This chart isnt perfect as the amount of people using USDT isn't constant (i.e. the USDC chart does not perfectly match this). But that doesnt change the overall concepts and ideas shown on this chart. If the major support is broken, there should be a heavy influx of cash into the market.

Total Market Cap we are sitting at resistance of the previous major bull run. That means we are very close to a do or die time. If the bulls push above it, then cryptos are on an absolute moon mission (starting with bitcoin, then ethereum, then the remainder of the altcoins)

And the Bitcoin chart. The main ideas are in text on the chart. Friendly reminder, dont listen to those that say FOMO starts at 55k or 60k. No, FOMO will start when ATH is broken. Until ATH is broken, the bullrun is not a >90% guarantee. Notice how a retest of the rising channel could overlap the ATH retest? That would be an absolutely insanely bullish concept. If this happens, its the only time I'd ever suggest loading up 100%. I always keep money on the sidelines but in that scenario I would go all in.

And as a general reminder to the cycle in the event a bull run is coming:
1) Bitcoin needs to break ATH.
2) New money FOMOs in and Bitcoin will rally very hard.
3) Ethereum will trail behind it. At some point into the Bitcoin rally a lot of money will transfer into Ethereum and it will rally hard. (If we get a bull run, my realistic targets for ethereum are 6k and 9k, I will be scaling profits all the way to 9k.)
4) Bitcoin will track sideways as people move money into Ethereum, and this is when the rest of the altcoins will go insane.

So begin to plan about what order you would like to buy coins and remember, take profits, stay a step ahead, and dont chase green :)


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Cardano Rumor Rundown October 13, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
  2. Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
  3. Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409

Previously Covered but still interesting:

  1. dcSpark is unveiling a sidechain project called Milkomeda that will use wrapped ADA and so-called “wrapped smart contracts”. The first sidechain, M1, will be an Ethereum Virtual Machine sidechain. This means Solidity devs can deploy their current smart contract code in M1 and those smart contracts will be accessible to Cardano users. This is “the pond”. This will be HUGE! Good work dcSpark! You guys are killing it! https://medium.com/dcspark/dcspark-announces-development-of-new-sidechain-protocol-milkomeda-cc28ed764a89
  2. IOHK partners with European Business University of Luxembourg to offer scholarships including instruction in Haskell and Plutus to students across 25 countries in Africa. https://iohk.io/en/blog/posts/2021/08/24/making-education-in-africa-more-accessible-affordable-and-equitable/
  3. It’s interesting to note that (as pointed out by @Rob98550139) on June 23rd, EBU of Luxembourg also offered 5,000 scholarship’s in “Plutus Blockchain programming for Cardano Blockchain” to Nayib Bukele for El Salvador. Something unannounced going on there? https://twitter.com/EBULuxembourg/status/1407594850199953410
  4. The August Cardano 360 is out! Another great job by Tim Harrison and company! https://youtu.be/baS9efSa2F8
  5. The “Buy Cardano” keyword hits a three month high on Google. https://twitter.com/OldPaSink/status/1430946116359516160
  6. Cardano competitor Ethereum suffered a consensus bug today (Aug 27) that impacted 54% of nodes. Apparently they were able to upgrade the version of Geth being run by a majority of the pools in time to head off a majority supported fork to the bad chain. But, the go ethereum developer in the link described it as “a really close shave”. https://twitter.com/mhswende/status/1431259601530458112 https://twitter.com/TimBeiko/status/1431278258222338056
  7. Here’s a good side-by-side of the size of the ecosystem in the past and now. https://twitter.com/CardanoRise/status/1431703062486392837
  8. Fortune ran a very positive piece on Cardano today (Aug. 20). https://fortune.com/2021/08/20/cardano-ath-price-biggest-cryptos/
  9. It looks like the details of the extremely mysterious “Cardano City” project should come to light today. https://twitter.com/CardanoCity/status/1431338443381092355
  10. The Wall Street Journal runs a Cardano article. https://www.wsj.com/articles/cardanos-ada-is-the-latest-cryptocurrency-to-surge-heres-what-you-need-to-know-11630143002
  11. The COTI/Wolfram/IOHK project to build an NFT Auction Site is now live. https://twitter.com/COTInetwork/status/1431971503093002243
  12. CNBC runs an article on the effect the grassroots effort to the fix the crypto tax provisions has had on policy makers in Washington, D.C. These policies will affect Cardano and every other crypto. https://www.cnbc.com/2021/08/28/tax-reporting-proposal-creates-defining-moment-for-crypto-industry-.html
  13. Beware of FlanoWallet and Flano Swap!!!!!!!! They are accused of malicious code that harvests your recovery phrase. https://twitter.com/bigpeyYT/status/1432450913487183874
  14. Sebastien confirms that dcSpark is getting a ton of interest from developers wanting to work in Cardano. https://twitter.com/SebastienGllmt/status/1432416579107495942
  15. Charles talks about Cardano compliance functionality and confirms that he perceives heavy regulation coming for DeFi in the next 24 months based on EU and US Treasury comments. https://www.youtube.com/watch?v=3ESn46Hj9Y4
  16. A new John O’Connor interview is scheduled for today (Aug 31). You may want to tune in to get the latest on Cardano’s Africa Operations from the man himself. https://twitter.com/jjtoconnor/status/1432395067185106951
  17. The Public Testnet will be forked to Alonzo today (Sept 1)! https://twitter.com/InputOutputHK/status/1432769865958531080
  18. Some future Cardano dApps have so many followers on twitter that ETH maximalists are publicly expressing their disbelief. https://twitter.com/Southrye/status/1432515727433601024
  19. Even prior to the launch of smart contracts, Cardano is generating quite an impressive amount of transaction fees. https://twitter.com/DCdoso/status/1432761425089470469
  20. The Cardano Testnet has now officially forked to Alonzo allowing Plutus smart contracts. We are on track for the mainnet hardfork combinator event on Sept 12th. https://twitter.com/InputOutputHK/status/1433166757620064260
  21. IOHK is changing their delegation process. They will be taking applications from SPOs and asking that they recommend two other pools based on contributions in terms of building, creating, or educating. https://twitter.com/InputOutputHK/status/1433104060647985157
  22. Another signpost for Cardano DeFi projects. Gary Gensler (SEC Head) tells the Financial Times that in his view DeFi platforms have “a fair amount of centralisation” and “[i]t’s a misnomer to say they are just software they put out in the web...” https://www.ft.com/content/fb126d79-2e60-4002-8aba-b08887fca609
  23. Cardano gets positive coverage on French Television for being “ecological”. https://twitter.com/YoadaStakepool/status/1433127940334792708
  24. Charles is on CNBC talking about how crypto could be used to resist the Taliban in Afghanistan. https://www.cnbc.com/video/2021/09/01/cryptos-will-play-larger-role-in-afghanistan-after-us-exit-ethereum.html
  25. The first solution for custom Cardano wallet addresses seems to be picking up steam. https://twitter.com/adahandle
  26. One of Cardano’s competitors continued to have additional “performance degradation” and “instability” issues on it’s mainnet today (Sept 2). https://twitter.com/SolanaStatus/status/1433438629020454917 https://twitter.com/SolanaStatus/status/1433429598230876173 https://twitter.com/SolanaStatus/status/1367189272797798404
  27. The SEC is investigating Uniswap. This is a very big deal! https://www.wsj.com/articles/regulators-investigate-crypto-exchange-developer-uniswap-labs-11630666800
  28. Another Japanese exchange appears to be adding ADA on the 7th. https://twitter.com/sentosumosaba/status/1433714023468437508
  29. We are always the github champions (again as of Sept 3). https://twitter.com/ProofofGitHub/status/1433822104634408966
  30. Yet another Cardano project drops their account of how they’ve already handled concurrency. https://twitter.com/SundaeSwap/status/1434304535061729281
  31. Here are two other Cardano projects explaining that they’ve already handled concurrency. https://cointelegraph.com/press-releases/cardano-decentralized-exchange-occamx-reaches-key-technical-milestone https://twitter.com/CardanoMaladex/status/1434115402725052418
  32. Only one more week until smart contracts on mainnet (as of Aug 5)! Get your whiskey ready!
  33. IOHK releases a detailed thread on concurrency and upcoming documentation to help quell some of the misinformation currently circulating on this topic. https://twitter.com/InputOutputHK/status/1434518391465943048
  34. Only 5 more days to Alonzo (as of Sept. 7)!
  35. Despite all the negative posting about Cardano smart contracts on eUTxO, it ironically looks like some in the ETH community are actually trying to build ETH L2 on UTXO. https://twitter.com/matiwinnetou/status/1434570158853529606
  36. Here’s a great article on Cardano’s Determinism by IOG’s Polina Vinogradova. https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/
  37. World Mobile has released a new video of towers going up in Zanzibar! https://www.youtube.com/watch?v=uoGx_hwupsc
  38. Charles releases a new video on the Alonzo Update Proposal (on Aug. 7) being submitted so that we can go live on the 12th. He also gives some hints as to his thoughts on the short-term planning of some “flavor of the week” blockchains vs. the long term planning of Cardano. https://www.youtube.com/watch?v=vhujKbMpTEA
  39. Weiss Crypto lays down yet another very positive thread about Cardano. They acknowledge that they can’t see the future of Cardano, but they vehemently reject a lot of the anti-hype. https://twitter.com/WeissCrypto/status/1435261343456768005
  40. Coinbase reveals they received a Wells Notice from the SEC on their crypto loan product. This is relevant for Cardano loan projects. A low professor subsequently posted a takedown of the Coinbase Chief Legal Officer’s view on the SEC notice. https://twitter.com/brian_armstrong/status/1435439291715358721 https://twitter.com/AdamLevitin/status/1435650584271589376
  41. We just saw a record number of daily transactions on Cardano (Sept 7)! https://twitter.com/matiwinnetou/status/1435559731133825031
  42. Messari has updated its “Initial Token Distribution” chart to include a previously missing project and Cardano is still among the very best in the Gen 3 space in terms of broad public coin ownership. https://twitter.com/CryptoIRELAND1/status/1435708439951552513
  43. After lots of criticism of Cardano layer 2 possibilities by ETH maximalists, Vitalik has ironically announced that ETH NFTs need to be moved to layer 2. https://twitter.com/VitalikButerin/status/1435413681588736007
  44. We seem to already have at least five projects who have worked out their approach to eUTxO concurrency. https://twitter.com/SmaugPool/status/1435928968423673859 https://www.yahoo.com/now/cardano-decentralized-exchange-occamx-reaches-163000898.html
  45. Here’s the tweet with the link for the Alonzo smart contract launch watch party tomorrow (Sept 12) at 21:30 UTC. This is going to be fun! Enjoy it, guys! https://twitter.com/InputOutputHK/status/1436325831199141888
  46. A Weiss Crypto analyst calls the smart contract launch an alleged event and also doesn’t realize we already have NFTS. The Cardano community was quick to correct the analyst. Weiss was then also quick to apologize. https://twitter.com/WeissCrypto/status/1436369016545857566 https://twitter.com/WeissCrypto/status/1436402039085576193
  47. There is still the mystery of the lobster. Will it end up being connected to a fun smart contract to be launched tomorrow by IOHK? https://twitter.com/crypto_reflect/status/1435738017608740866
  48. Over 100 smart contracts are already running on Cardano Mainnet! https://twitter.com/IOHKMedia/status/1437821632307994628
  49. One of Cardano’s biggest competitors is once again suffering network problems. This time it started out as just being characterized as (more) “instability”, then they started saying that something had caused the blockchain to “start forking”. This followed their September 2 “instability” and “performance degradation” event. It’ll be interesting to see how well their community tolerates this in the future if it’s happening with their planned slashing model in effect. https://twitter.com/SolanaStatus/status/1437856638279487493 https://twitter.com/SolanaStatus/status/1437757547235131396 https://twitter.com/SolanaStatus/status/1433429598230876173
  50. The Cardano Foundation subtly hints (okay just straight up says) it has some mindblowing partnerships to announce at the Cardano Summit. https://twitter.com/SidneyVollmer/status/1437855888237338627
  51. Gary Gensler says that there are probably many tokens traded on Coinbase that are securities. https://youtu.be/XLc4c7vL3rM
  52. Looks like Cardano Summit segments are being recorded and completed. https://twitter.com/ch1bo_/status/1437803839319691271
  53. In macro news that could impact Cardano & all of crypto, it has been announced that China’s Evergrande Group will not be able to make interest payments on its loans in a few days. https://twitter.com/Reuters/status/1438143063306690560 https://www.bloomberg.com/opinion/articles/2021-09-15/evergrande-gives-china-an-impossible-equation-to-solve-with-its-liquidity-crunch
  54. It looks like we’ll get some news about further collaboration with Baia’s Wine of Georgia at the Cardano Summit. https://twitter.com/ThornhillPublic/status/1438157239982956545
  55. Now one of Cardano’s most highly visible critics is implying that the Cardano community has something in common with anti-vaxxers. Unfortunately for him, it was one of his pet blockchains that was down a few days ago while Cardano just kept healthily trucking right along. https://twitter.com/spudiot1/status/1438402783040790532
  56. Cardano is still crushing it in terms of daily transaction volume. https://twitter.com/Eilert/status/1438521555638644746
  57. We might have gotten a peek at the virtual world that will be part of the Cardano Summit this month. https://twitter.com/IOHK_Charles/status/1438668061813342209/photo/1
  58. Smaug gives us a rundown of how many actual Plutus scripts (19)are running on mainnet vs. timelock scripts (21k) as of Sept 17 and explains simple definitions for both. But, he also mentions down below how many Plutus scripts (213) are reportedly running on “the main testnet” not counting “other Alonzo testnets”. https://twitter.com/SmaugPool/status/1438816898234343432
  59. The weekly IOHK development update is out for Sept 17. https://twitter.com/InputOutputHK/status/1438921968590499843
  60. Now the TX and NJ state securities regulators are after Celsius for crypto loans (BlockFi already got this treatment). Cardano loan projects should probably take note. https://www.njoag.gov/new-jersey-bureau-of-securities-orders-cryptocurrency-firm-celsius-to-halt-the-offer-and-sale-of-unregistered-interest-bearing-investments/ https://www.ssb.texas.gov/sites/default/files/2021-09/20210917_FINAL_Celsius_NOH_js_signed.pdf
  61. After the Senate hearing on Tuesday September 14th, Gary Gensler (SEC Chairman) gave a quote to a crypto publication indicating that custodial lending and possibly even staking platforms might be considered securities. This is very relevant for Cardano since it has non-custodial staking whereas many of its competitors have the kind of custodial staking that Gensler may have been contemplating. https://www.theblockcrypto.com/post/117675/crypto-lending-staking-custody-gensler-sec
  62. New IOHK blog entry on Hydra (Sept 17)! https://iohk.io/en/blog/posts/2021/09/17/hydra-cardano-s-solution-for-ultimate-scalability/
  63. It looks like we may get an announcement of a new Cardano/COTI product at the Summit. https://twitter.com/theCOTIinvestor/status/1439551052764925957
  64. We’re inching closer to the 500 votes required to name the lobster. https://twitter.com/Ada4Soil/status/1439745733079355394
  65. Here’s a great description from Sebastien on where ADA staking rewards come from. https://twitter.com/SebastienGllmt/status/1439542246764793857
  66. Apparently the SEC is now serving crypto people at crypto conferences. Gensler is getting serious. https://twitter.com/gogoSlava/status/1439972015910408195 https://mainnet.events/agenda-2021/
  67. Accusations of wash trading surface in the Cardano NFT scene. https://twitter.com/mintaCNFT/status/1439752114276904960
  68. Christine Lagarde (European Central Bank President) goes on the offensive and tries to tell the world that cryptocurrencies are not currencies. https://twitter.com/BloombergTV/status/1438498107965288449
  69. DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
  70. Senators Lummis & Sinema are planning to introduce a bill for responsible innovation in crypto. Caitlin Long says it will focus on (1) definitions to clarify regulatory jurisdiction, (2) consumer protection, (3) digital asset custody requirements https://twitter.com/CaitlinLong_/status/1440327869293465600
  71. The Hoskinson Center for Formal Mathematics has been established at Carnegie Mellon. Given the blockchain activity at the university it seems like the Cardano founder having ties there can’t really hurt us. https://twitter.com/IOHK_Charles/status/1440443081183019017
  72. dcSpark is launching a new wallet called Flint that will be able to interact with Cardano dApps. https://youtu.be/dDwuwVR75HU https://twitter.com/SebastienGllmt/status/1440659191731945482
  73. The AWS Exec has clarified his tweet about the Cardano Summit to express that people shouldn’t read too much into it. https://twitter.com/theCOTIinvestor/status/1440662585309745152
  74. There’s a fresh blog and video on the Cardano Smart Contract Certification standards and new Plutus dApp Store. https://twitter.com/timbharrison/status/1440799199684022283
  75. Apparently RuntimeVerification is now in the Cardano audit business! This is awesome to see! We’’ll take some NASA mission-critical level auditing for our ecosystem’s projects. https://twitter.com/SundaeSwap/status/1441077920215310343
  76. The Summit Agenda is now out. https://summit.cardano.org/agenda
  77. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
  78. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
  79. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
  80. Senator Toomey and SEC Chair Powell have an interesting exchange about how a US CBDC should be formulated and how it should be sharing the space with private cryptos. https://www.youtube.com/watch?v=-46kqEn6JLc
  81. As promised at the Cardano Summit, Emurgo has already made seed investments into Milkomeda from dcSpark, Adanian Labs, & ADAverse. https://twitter.com/emurgo_io/status/1442210147405684745
  82. The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
  83. dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
  84. The CFTC hits Kraken with a $1.25 Million fine for it’s margin products. Cardano DeFi projects planning to offer some kind of margin trading take note. https://www.cftc.gov/PressRoom/PressReleases/8433-21
  85. In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
  86. Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
  87. Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
  88. Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
  89. Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
  90. The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
  91. The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
  92. Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
  93. Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
  94. The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
  95. Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
  96. A human readable address project is launching on Cardano on Saturday at 4pm UTC.https://medium.com/ada-handle/creating-a-fair-beta-launch-discord-community-is-live-7f580cd98235
  97. Brazil is looking to follow the El Salvador example and accept crypto as legal tender with a new bill to be voted within days. While the crypto in question is BTC and not ADA, we can hope that the biggest market cap project is just our gateway drug. https://finance.yahoo.com/news/bitcoin-set-become-legal-payment-154644863.html
  98. The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
  99. Sounds like we are getting close to the Cardano Summit NFT winners being announced. It’s still unclear how many actual winners there will be. https://twitter.com/InputOutputHK/status/1445672250435248131
  100. dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
  101. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
  102. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
  103. The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
  104. The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
  105. Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
  106. Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
  107. COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
  108. Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
  109. Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
  110. SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
  111. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
  112. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009

~Army of Spies


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Best Free Courses for 13 October 2021

Courses for 13 October 2021

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Cryptotrivial contest 2021: Round 21! A secondary framework or protocol that is built on top of an existing blockchain system to provide increased scalability. | 13/10/2021

Welcome to Round 21 of the Cryptotrivial 2021 contest!

Question 21: A secondary framework or protocol that is built on top of an existing blockchain system to provide increased scalability.

The correct answer of Round 20 is...

Brrrrrrrrrrrrrrr...

Snapshot!

What is a Snapshot:

Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).

Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.

Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.Another use of snapshots is to record the BNB balance of users that are willing to participate on Initial Exchange Offerings (IEO) that take place on the Binance Launchpad. However, the snapshots follow particular rules, according to the guidelines of each project. In some cases, the snapshots are taken at a random time each day, and the users’ balances are averaged within a predefined period.

Previous rounds:

Round 20:

https://www.reddit.com/r/CryptoCurrency/comments/q6iuyq/cryptotrivial_contest_2021_round_20_the_ability/

Round 19:

https://www.reddit.com/r/CryptoCurrency/comments/q5smra/cryptotrivial_contest_2021_round_19_a_systematic/

Round 18:

https://www.reddit.com/r/CryptoCurrency/comments/q5555v/cryptotrivial_contest_2021_round_18_when_two/

Question 21: A secondary framework or protocol that is built on top of an existing blockchain system to provide increased scalability.

View Poll


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