Monday, October 25, 2021

Cardano Rumor Rundown October 26, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
  2. Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
  3. Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
  4. There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932

Previously Covered but still interesting:

  1. 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/
  2. World Mobile has released a new video of towers going up in Zanzibar! https://www.youtube.com/watch?v=uoGx_hwupsc
  3. 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
  4. 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
  5. 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
  6. We just saw a record number of daily transactions on Cardano (Sept 7)! https://twitter.com/matiwinnetou/status/1435559731133825031
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. Over 100 smart contracts are already running on Cardano Mainnet! https://twitter.com/IOHKMedia/status/1437821632307994628
  14. 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
  15. 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
  16. Gary Gensler says that there are probably many tokens traded on Coinbase that are securities. https://youtu.be/XLc4c7vL3rM
  17. Looks like Cardano Summit segments are being recorded and completed. https://twitter.com/ch1bo_/status/1437803839319691271
  18. 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
  19. 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
  20. 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
  21. Cardano is still crushing it in terms of daily transaction volume. https://twitter.com/Eilert/status/1438521555638644746
  22. 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
  23. 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
  24. The weekly IOHK development update is out for Sept 17. https://twitter.com/InputOutputHK/status/1438921968590499843
  25. 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
  26. 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
  27. New IOHK blog entry on Hydra (Sept 17)! https://iohk.io/en/blog/posts/2021/09/17/hydra-cardano-s-solution-for-ultimate-scalability/
  28. It looks like we may get an announcement of a new Cardano/COTI product at the Summit. https://twitter.com/theCOTIinvestor/status/1439551052764925957
  29. We’re inching closer to the 500 votes required to name the lobster. https://twitter.com/Ada4Soil/status/1439745733079355394
  30. Here’s a great description from Sebastien on where ADA staking rewards come from. https://twitter.com/SebastienGllmt/status/1439542246764793857
  31. 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/
  32. Accusations of wash trading surface in the Cardano NFT scene. https://twitter.com/mintaCNFT/status/1439752114276904960
  33. 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
  34. DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
  35. 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
  36. 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
  37. 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
  38. 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
  39. 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
  40. 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
  41. The Summit Agenda is now out. https://summit.cardano.org/agenda
  42. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
  43. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
  44. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
  45. 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
  46. 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
  47. The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
  48. dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
  49. 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
  50. 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
  51. 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
  52. 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
  53. 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
  54. 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
  55. 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
  56. 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
  57. 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
  58. 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
  59. 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/
  60. 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
  61. 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
  62. 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
  63. 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
  64. 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
  65. 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
  66. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
  67. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
  68. 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
  69. 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
  70. 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
  71. 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
  72. 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
  73. 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
  74. 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
  75. 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
  76. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
  77. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
  78. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
  79. 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
  80. 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
  81. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
  82. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
  83. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
  84. Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
  85. Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
  86. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
  87. Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
  88. The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
  89. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
  90. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
  91. A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
  92. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
  93. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
  94. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
  95. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
  96. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
  97. There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
  98. People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
  99. Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
  100. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
  101. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
  102. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
  103. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
  104. There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
  105. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34

~Army of Spies


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The Stacks Foundation Spooky Halloween NFT Competition

Spooky greetings as we're back to one of our favorite events of the year. Stackers, get your NFTs ready for our very first Stacks Halloween NFT Contest where creators of all kinds will be minting their spookiest NFT’s on Boom.

Stackers must mint their original spooky NFT and transfer to StacksFoundation.btc no later than October 31st, 2021 11:59 PM PST

This is a community competition where you can fully express your creativity, whether it be a drawing, a gif, or an original selfie with your crazy Halloween horror costume, after all NFTs can be anything!

​

https://preview.redd.it/wdci27q3yov71.png?width=1620&format=png&auto=webp&s=8b19761bd6950a570465390bf03a70a94861db66

How to Enter

  1. Use Boom.Money to mint an original Halloween Themed NFT
  2. Using the Boom Wallet send your NFT to StacksFoundation.btc
  3. Tweet your submission u/Stacks with the Hashtag #SpookyNFTonStacks
  4. Submissions will close on the 31st of October, 2021 at 11:59 PM PST
  5. We will announce the winners on the 1st of November

View submissions at: https://stxnft.com/StacksFoundation.btc

Prizes

  • Three (3)1st Place Winners will receive one of each: A 200K STX Cycle 20 Boombox, 1 Sigle's The Explorer NFT, and 1 Open Art Source Arties NFT
  • Two runner-up entrees will receive one Explorer and one Arties NFT each
  • Five recognition entrees will receive one Arties NFT each

There will be a total of 10 winners. NFTs must be transferred by October 31st, 2021 11:59 PM PST.

How to Mint & Send NFTs using Boom:

​

1. Install the Hiro Web Wallet: https://www.hiro.so/wallet/install-web

2. Setup your wallet and have enough STX to cover two transaction fees.

3. Visit https://boom.money and click "Get Started"

https://preview.redd.it/eidtu613zov71.png?width=400&format=png&auto=webp&s=9bf0c14bb9f47b1d7e81c1b241a490e0b9e559cf

4. Select your STX address from the Hiro Wallet Pop-up

https://preview.redd.it/pi0cx348zov71.png?width=466&format=png&auto=webp&s=2c9a976996f8b320165153799bebc5615839fec8

5. Click the "Create a new NFT" tile

https://preview.redd.it/effv6c3dzov71.png?width=492&format=png&auto=webp&s=2faa213c58096e57e06512defd1e6df647d13b7e

6. Click the "Select a File" and upload your original Halloween themed Artwork. Then Give your Masterpiece a Name and your Name or Twitter handle only if you want to be recognized for your Artwork. Then click "Create My NFT"

https://preview.redd.it/r50x0ngizov71.png?width=476&format=png&auto=webp&s=61c96602be7a3b73a2cba0ea795f4540c49bd06f

7. Scroll down and Click "Confirm" in the Hiro Wallet Pop-up

https://preview.redd.it/0ykkhoehzov71.png?width=487&format=png&auto=webp&s=7b71b3dd86b001d2968cde525772465c515499cc

8. Click the purple arrow view transaction in the Stacks Explorer.

https://preview.redd.it/ybcw9jyqzov71.png?width=465&format=png&auto=webp&s=ad864e164f9cfa3cfc823d76f0f40a073a9d9276

9. Once the transaction has been confirmed in an Anchor Block go back to the Boom website. Refresh the Boom website for your newly minted NFT to show up.

https://preview.redd.it/1z1d3bh10pv71.png?width=500&format=png&auto=webp&s=b12376508019be895d0ddbd3e0c2fc001a55c93a

10. Select your minted NFT.

https://preview.redd.it/zukuwotszov71.png?width=485&format=png&auto=webp&s=235319ad1808d7053f8b1c487219e2de573d2acc

11. Click the Arrow in the "Inventory" Section on the right.

https://preview.redd.it/zrxwvn3vzov71.png?width=474&format=png&auto=webp&s=f0d68300f563daca62144845da32ef5b6c0a0239

12. Enter "StacksFoundation.btc" in the Recipient field

https://preview.redd.it/tgb47y090pv71.png?width=476&format=png&auto=webp&s=7ce3fc201e2b38a317a90b0027bdd859424c3a67

13. Click "Confirm" in the Hiro Wallet Pop-up

https://preview.redd.it/yoipn45c0pv71.png?width=474&format=png&auto=webp&s=542217179908e28c0f2b903b8c06ac3c09856e67

14. Visit STXNFT.com/StacksFoundation.btc once the transfer has been confirmed to view your NFT and all the other submissions from the community.

FAQ:

What Are Boomboxes?

  • Boomboxes are NFTs Minted on Stacks and Secured By Bitcoin.

How do they yield STX?

  • Using Stacks consensus mechanism, Proof-of-Transfer. When users mint a boombox they are also stacking their STX for one cycle. The Foundation has minted 3 boomboxes using 200,000 STX for each mint.

How Much STX will I Win?

  • Because the reward is coming from the Stacking Cycle via Friedger's Pool and not being awarded directly from the Stacks Foundation, the amount of STX awarded is unknown. Based on historical averages, with a delegation of 200,000 STX at 10% APY / 24 Cycles = .4%, roughly ~830 STX per Boombox.

What about the 200,000 STX?

  • The Stacks Foundation has stacked their STX and used Boomboxes to pass through the associated yield from stacking the 200,000. The Foundation retains it's STX used to mint the NFT, while the winners receive the proportional yield from stacking for one cycle.

When will I receive my Payout if I Win?

  • Follow @fmdroid on twitter for announcement of when rewards for Cycle 20 from Friedger Pool are paid out.

I thought Stacking STX yielded Bitcoin?

  • Stacking solo or with a Bitcoin pool it does yield Bitcoin. Boomboxes currently harness Friedger's Pool, which is a STX yielding pool.

When will the NFT submission end?

  • 11:59PM PST, 31st of October 2021

Will I be contacted if I Win?

  • No. We will choose a winner and send the boombox to the address that sent NFT Artwork

Will the Boombox payout more than once?

  • No. The NFT only yields for one stacking cycle, cycle 20. You can view the current cycle at https://stacking.club/

Does the Boombox stay in my wallet after payout?

  • Yes. The Cycle 20 Boombox NFT is yours forever.

Can I transfer the NFT to someone else?

  • Yes. You can transfer the Boombox to another address after receiving it. That Address will now receive the yield at the end of Stacking Cycle 20, assuming it has not already been paid out by Friedger's Pool.

Will the Public be able to mint their own Boomboxes during Stacking Cycle 20?

--------------------------

by Louise Ivan and Jasper Bower on October 26, 2021

https://stacks.org/stacks-halloween-nft-competition


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Bitcoin Mining Is Already A Climate Disaster shows crossed out people and events in the notebook. saying I don't like lairs and greedy people in business deals! bye!

https://youtube.com/watch?v=zKup1WgXEsU&feature=share
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Bitcoin's market value exceeds one trillion U.S. dollars? Chairman of JP Morgan Chase Company: It is worthless？？？

Dimon recently said at an event of the International Finance Association: "I personally think Bitcoin is worthless."

​

He said, “I don’t want to be a spokesperson — I don’t care. It doesn’t matter to me. Our customers are adults and they constitute the market. So if they want to get a way to buy Bitcoin, although we can’t keep it Bitcoin, but we can give them legal and as clean a way as possible."

​

In February 2019, JPMorgan Chase stated that it would launch a digital currency called JPM Coin. In October 2020, the company established a new department for blockchain projects. In August, the company began allowing its wealth management clients to trade cryptocurrency funds.

Jamie Dimon, Chairman and CEO of JP Morgan Chase

​

However, Dimon's own anti-cryptocurrency stance remains firm.

​

Recently, he told Jim Van der Hey, CEO of the Aksios News website, that Bitcoin "has no intrinsic value." Although he believes that Bitcoin will exist for a long time, he said, "I always think that Bitcoin will be considered illegal somewhere, so I think it's a bit like fool's gold."

​

Dimon also told Van der Hai that he believes that "regulators will strictly monitor it."

​

He may be right: Recently, the US government has paid great attention to regulating the cryptocurrency market. Bloomberg reported that the Biden administration is considering issuing an executive order requiring federal agencies to study the cryptocurrency market and provide advice.

Although supervision may be strengthened, Federal Reserve Chairman Jerome Powell clarified at the end of September that he has no intention of banning Bitcoin in the United States.

​

Some financial experts believe that well-thought-out regulation is beneficial in the United States. Anjali Jaliwala, a certified financial planner, certified public accountant, and founder of Fett Consulting, said: "If people want cryptocurrency to become a mainstream asset to a greater extent, then I think (regulation) is necessary The first step."

​

However, cryptocurrency proponents are wary of further regulation-they worry that certain regulatory frameworks may stifle U.S. innovation in cryptocurrency and push business overseas.


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The long term bull case for ETH - Part 1: The Merge (understanding the change in market dynamics and why it will much bigger than three Bitcoin halving)

(Thanks to /u/Liberosist for the inspiration to start writing and reviewing this post)

Scrolling through crypto Twitter and Reddit, the Merge is often compared to three Bitcoin halving (usually referred to as the triple halving), it’s not a bad comparison but the triple halving is only a small part of the changes the Merge will introduce. There's also a lot of confusion and misunderstanding around withdrawing the ETH gained by validators, leading many to believe it will be a sell the news event and the bull run will end right after the Merge hits mainnet.

To understand why the Merge can't be simply compared to three Bitcoin halving we need to analyze what a Bitcoin halving is, and the market dynamics caused by it. To put it simply a Bitcoin halving is an event hardcoded into the Bitcoin protocol, it reduces in half the issuance of new Bitcoin every 210.000 blocks. There's no other change, it's the same event and effect every time a halving takes place.

​

What changes after a Bitcoin halving?

-On the supply side it reduces the amount of new Bitcoin mined by 50%, making it scarcer and reducing the sell pressure caused by miners (estimated in multiple billions per year as of 2021).

-On the demand side fundamentally nothing changes because only the issuance is modified, there's no increase of demand coming from changes to the protocol. Bitcoin doesn't become more useful after a halving, it's not more scalable nor energy efficient. However the demand does increase because a Bitcoin halving will make investors take the opportunity of buying something they know will become scarcer and with less sell pressure.

New supply goes down due to the cut in issuance, there’s a big decrease in the sell pressure, and demand goes up as buyers know it will become scarcer. As long as the demand doesn’t go down due to macro events, the price increases a lot in the following months after a halving has taken place.

​

​

The differences between a Bitcoin halving and the Merge

The Merge is not hardcoded into the protocol, it's an update which has been worked on for years and changes much more than the issuance, which is why comparing the Merge to three Bitcoin halving is the wrong framework to analyze it. The Merge changes the issuance, it changes the structure of the ETH market by switching from miners to validators, it enables future upgrades to the protocol such as data shards, it becomes an asset which generates a yield and much more, the Merge introduces many changes to the supply and demand of ETH.

-On the supply side it reduces the amount of ETH created, not by 50% but by 90% (the real number will depend on how many validators are live, but it should be around a 90% decrease once the merge hits mainnet). 90% is the equivalent of three Bitcoin halving which is where the “meme” of the triple halving comes from. At recent prices the reduction in supply equals to around 10 billion dollars in sell pressure per year which will disappear once PoS is live. Some may think 10 billion is not that much compared to the market cap of ETH but that’s wrong, 10 billion doesn’t make the market cap go down by 10b, it makes it go down by a multiple of it. The same would apply if someone were to buy 10b worth of ETH in a year, the marketcap of ETH wouldn’t increase by 10b but by much more. It’s very hard to quantify this effect and it’s even harder to quantify it when coupled with multiple more changes to the supply and the demand as we will see in this post.

-There's more on the supply side, not only will new supply be reduced by 90%, the market structure will completely change. ETH issuance won't go to miners anymore, under PoS it will go to stakers, reducing the sell pressure of the new ETH issued as validators don't have as many costs as miners. A miner is what we call a forced seller, the mining business has thin margins due to expensive hardware and high energy costs which forces the miners to sell a big portion of their ETH to cover the costs. A big miner needs to pay the hardware to mine, electricity, a facility to host its miners, employees, security to monitor everything and protect the hardware, taxes and in many cases interest on money borrowed to expand the mining facilities. It's very hard to quantify how much of the ETH mined is a must sell for miners, as some miners have cheaper electricity than others, some are more aggressive when it comes to expanding their mining operations and replacing old hardware, some countries have high taxes while others don't and many other reasons you could consider. It’s important to note that as the mining business gets more and more competitive, the margins get thinner and thinner, and the forced selling increases. As for stakers there's also forced selling but it’s much smaller compared to miners, a staker only needs to pay for taxes, hardware cost (in the case of solo stakers, which can be a good desktop or cheap server) or a percentage of the ETH gained (in the case of staking through a third party which would be sold by to cover their costs and realize profit). It's very hard to estimate what percentage a staker needs to sell, due to the difference in taxes between countries, ranging for the most part between 0-30%. It also depends on how many users solo stake compared to the number of users deciding to use a third party, each of them charging a different percentage of the ETH gained. It’s also worth noting that validators are more likely to be long term holders, as they need to stake ETH which is a highly volatile asset for a relatively low % gain in the same asset, it’s unlikely to find many stakers that are not long term holders of ETH (staking aligns the incentives as ETH is needed to validate and gain rewards, while GPUs were used before which were external to the protocol). A rough estimation of the effect of switching from miners to validators is a reduction of more than 50% in forced selling. At recent prices the change from miners to validators equals to more than 400 million dollars reduced sell pressure per year, and we must add MEV (miner extractable value), plus tips (priority fee to get included into a block) which will also go to stakers, making the number of total reduced sell pressure per year 700 million dollars (these numbers can vary a lot as MEV, tips and the price of ETH are highly volatile). In the short term it’s not one of the biggest changes but it’s one of the most important for the long term, ETH couldn’t keep growing in price at a high pace with such a high selling pressure, the switch to PoS fixes this. Under PoW the Ethereum network was overpaying a lot for its security.

-The last change to the supply side only applies to the short term but it’s very important to understand it, and one big reason the Merge has low chances of being a sell the news event. The Merge won’t enable withdrawing the ETH gained by validators (tips and MEV go to a different address and can be withdrawn) until the first update after the merge, which will probably take around 4 months or even a bit longer. During a few months 0 ETH will be able to be sold from new issuance (MEV and tips come from ETH already in circulation).

​

-Now looking at the demand side, we have the same effect as with a BTC halving but amplified, investors will want to front run the opportunity of buying an asset that will become scarcer, with less sell pressure and in the case of ETH more useful and with a bullish narrative as we will see in the next points.

-There’s going to be an increase in demand from the switch to validators, in PoW GPUs were used to mine but under PoS ETH is the new GPUs, to gain rewards by validating you need to stake ETH. It will create a long term demand for ETH as investors buy it to stake it and gain yield from it, it will add a constant buy pressure as investors accumulate ETH. ETH becomes a yield generating asset.

-In the short term, demand to buy and stake ETH will be amplified due to the switch to PoS. The beacon chain is live right now, but those validators don’t get the tips, nor they get MEV as those still go to miners until the Merge hits mainnnet. After PoS is activated the APR of staking will instantly increase, from around 5% (right now this number is at 5.4% but as the Merge gets closer it will go down as more validators will come online) up to 10-20%. The rate should be close to 15-20% during the first months as the merge will bring a lot of volatility and volatility generates lots of fees. The rate is predicted to be quite high for up to a year after the merge, as there’s an entry queue to stake which limits the number of validators that can go online per epoch, it may take more than 1 year with a full queue for the staking rate to go below 10%. The high yield will amplify the demand to buy ETH and further reduce the supply of liquid ETH (not all the ETH will be completely “locked” as protocols such as Lido allow for liquid staking).

-Another increase in demand will come from an increased confidence in the ETH community. As explained before, the Merge has been worked on for years (it’s the biggest upgrade ever done to a blockchain) and many critics think the Merge will never hit mainnet or will never work. If the Merge is implemented without issues, it will bring a big boost of confidence and narrative in ETH. Narratives are very important in the crypto industry, and the Merge is only the first big phase of the roadmap for ETH, a successful merge will be seen as a very bullish future, making many investors want to buy before other massive updates, like data shards which will improve scalability by multiple orders of magnitude.

-The last source of increased demand will be other narratives such as the energy reduction by switching to PoS, a reduction of 99.99% in the amount of energy used compared to PoW. NFTs get a lot of bad press due to the amount of energy used by PoW. Similarly ETH is widely hated by the gaming community due to the shortage of GPUs caused by miners.

​

​

The Merge won’t be a sell the news event

-Withdrawals won’t be available until the first update after the merge, there will be multiple months where 0 ETH from issuance will be able to be sold, temporarily eliminating most of the daily sell pressure.

-Funds will want to chase the high yields during the first months of PoS, millions of ETH will be bought and/or accumulated and sent to the staking contract.

-Biggest reduction in issuance there’s ever been combined with the biggest reduction in sell pressure, and the biggest increase in demand, it will create an unseen supply shock.

​

TLDR

Bitcoin halving = 50% reduction in issuance, reduction of the sell pressure, plus increase in demand to front run the opportunity of owning something that will become scarcer.

The Merge = will be orders of magnitude bigger due to 90% reduction in issuance and an even bigger reduction in sell pressure, a demand increase of millions of ETH during the first months to chase PoS yields, investors frontrunning the opportunity of ETH becoming a lot scarcer, useful and with a bullish narrative. All of this will be combined with no withdrawals during the first months and high volatility which will supercharge EIP 1559, burning hundreds of thousands of ETH while 0 can be sold from issuance. The Merge eliminates almost all the sell pressure ETH had under PoW and creates a very high demand for ETH in the long term, by transforming it into a yield generating asset.

Sorry to disappoint but I’m not qualified to give an accurate price prediction, however everyone should get ready for the biggest bullrun ETH has ever seen and a high chance of a flippening happening the first months after the Merge, which we will analyze in part 2. I haven’t forgotten about EIP 1559, L2s or other important upgrades such as data shards. I wanted to focus exclusively on the effects of the Merge in this first post, all aspects of Ethereum will be analyzed in part 2 (the flippening) and part 3 (Ethereum, the global settlement layer).

​

​

This has been my first post of many to come, I would appreciate any kind of feedback and a follow on Twitter https://twitter.com/TechMaximalist as I plan to interact a bit there in the future, don't worry all my long posts will be always posted to Reddit.


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The long term bull case for ETH - Part 1: The Merge (understanding the change in market dynamics and why it will much bigger than three Bitcoin halving)

(Thanks to /u/Liberosist for the inspiration to start writing and reviewing this post)

Scrolling through crypto Twitter and Reddit, the Merge is often compared to three Bitcoin halving (usually referred to as the triple halving), it’s not a bad comparison but the triple halving is only a small part of the changes the Merge will introduce. There's also a lot of confusion and misunderstanding around withdrawing the ETH gained by validators, leading many to believe it will be a sell the news event and the bull run will end right after the Merge hits mainnet.

To understand why the Merge can't be simply compared to three Bitcoin halving we need to analyze what a Bitcoin halving is, and the market dynamics caused by it. To put it simply a Bitcoin halving is an event hardcoded into the Bitcoin protocol, it reduces in half the issuance of new Bitcoin every 210.000 blocks. There's no other change, it's the same event and effect every time a halving takes place.

​

What changes after a Bitcoin halving?

-On the supply side it reduces the amount of new Bitcoin mined by 50%, making it scarcer and reducing the sell pressure caused by miners (estimated in multiple billions per year as of 2021).

-On the demand side fundamentally nothing changes because only the issuance is modified, there's no increase of demand coming from changes to the protocol. Bitcoin doesn't become more useful after a halving, it's not more scalable nor energy efficient. However the demand does increase because a Bitcoin halving will make investors take the opportunity of buying something they know will become scarcer and with less sell pressure.

New supply goes down due to the cut in issuance, there’s a big decrease in the sell pressure, and demand goes up as buyers know it will become scarcer. As long as the demand doesn’t go down due to macro events, the price increases a lot in the following months after a halving has taken place.

​

​

The differences between a Bitcoin halving and the Merge

The Merge is not hardcoded into the protocol, it's an update which has been worked on for years and changes much more than the issuance, which is why comparing the Merge to three Bitcoin halving is the wrong framework to analyze it. The Merge changes the issuance, it changes the structure of the ETH market by switching from miners to validators, it enables future upgrades to the protocol such as data shards, it becomes an asset which generates a yield and much more, the Merge introduces many changes to the supply and demand of ETH.

-On the supply side it reduces the amount of ETH created, not by 50% but by 90% (the real number will depend on how many validators are live, but it should be around a 90% decrease once the merge hits mainnet). 90% is the equivalent of three Bitcoin halving which is where the “meme” of the triple halving comes from. At recent prices the reduction in supply equals to around 10 billion dollars in sell pressure per year which will disappear once PoS is live. Some may think 10 billion is not that much compared to the market cap of ETH but that’s wrong, 10 billion doesn’t make the market cap go down by 10b, it makes it go down by a multiple of it. The same would apply if someone were to buy 10b worth of ETH in a year, the marketcap of ETH wouldn’t increase by 10b but by much more. It’s very hard to quantify this effect and it’s even harder to quantify it when coupled with multiple more changes to the supply and the demand as we will see in this post.

-There's more on the supply side, not only will new supply be reduced by 90%, the market structure will completely change. ETH issuance won't go to miners anymore, under PoS it will go to stakers, reducing the sell pressure of the new ETH issued as validators don't have as many costs as miners. A miner is what we call a forced seller, the mining business has thin margins due to expensive hardware and high energy costs which forces the miners to sell a big portion of their ETH to cover the costs. A big miner needs to pay the hardware to mine, electricity, a facility to host its miners, employees, security to monitor everything and protect the hardware, taxes and in many cases interest on money borrowed to expand the mining facilities. It's very hard to quantify how much of the ETH mined is a must sell for miners, as some miners have cheaper electricity than others, some are more aggressive when it comes to expanding their mining operations and replacing old hardware, some countries have high taxes while others don't and many other reasons you could consider. It’s important to note that as the mining business gets more and more competitive, the margins get thinner and thinner, and the forced selling increases. As for stakers there's also forced selling but it’s much smaller compared to miners, a staker only needs to pay for taxes, hardware cost (in the case of solo stakers, which can be a good desktop or cheap server) or a percentage of the ETH gained (in the case of staking through a third party which would be sold by to cover their costs and realize profit). It's very hard to estimate what percentage a staker needs to sell, due to the difference in taxes between countries, ranging for the most part between 0-30%. It also depends on how many users solo stake compared to the number of users deciding to use a third party, each of them charging a different percentage of the ETH gained. It’s also worth noting that validators are more likely to be long term holders, as they need to stake ETH which is a highly volatile asset for a relatively low % gain in the same asset, it’s unlikely to find many stakers that are not long term holders of ETH (staking aligns the incentives as ETH is needed to validate and gain rewards, while GPUs were used before which were external to the protocol). A rough estimation of the effect of switching from miners to validators is a reduction of more than 50% in forced selling. At recent prices the change from miners to validators equals to more than 400 million dollars reduced sell pressure per year, and we must add MEV (miner extractable value), plus tips (priority fee to get included into a block) which will also go to stakers, making the number of total reduced sell pressure per year 700 million dollars (these numbers can vary a lot as MEV, tips and the price of ETH are highly volatile). In the short term it’s not one of the biggest changes but it’s one of the most important for the long term, ETH couldn’t keep growing in price at a high pace with such a high selling pressure, the switch to PoS fixes this. Under PoW the Ethereum network was overpaying a lot for its security.

-The last change to the supply side only applies to the short term but it’s very important to understand it, and one big reason the Merge has low chances of being a sell the news event. The Merge won’t enable withdrawing the ETH gained by validators (tips and MEV go to a different address and can be withdrawn) until the first update after the merge, which will probably take around 4 months or even a bit longer. During a few months 0 ETH will be able to be sold from new issuance (MEV and tips come from ETH already in circulation).

​

-Now looking at the demand side, we have the same effect as with a BTC halving but amplified, investors will want to front run the opportunity of buying an asset that will become scarcer, with less sell pressure and in the case of ETH more useful and with a bullish narrative as we will see in the next points.

-There’s going to be an increase in demand from the switch to validators, in PoW GPUs were used to mine but under PoS ETH is the new GPUs, to gain rewards by validating you need to stake ETH. It will create a long term demand for ETH as investors buy it to stake it and gain yield from it, it will add a constant buy pressure as investors accumulate ETH. ETH becomes a yield generating asset.

-In the short term, demand to buy and stake ETH will be amplified due to the switch to PoS. The beacon chain is live right now, but those validators don’t get the tips, nor they get MEV as those still go to miners until the Merge hits mainnnet. After PoS is activated the APR of staking will instantly increase, from around 5% (right now this number is at 5.4% but as the Merge gets closer it will go down as more validators will come online) up to 10-20%. The rate should be close to 15-20% during the first months as the merge will bring a lot of volatility and volatility generates lots of fees. The rate is predicted to be quite high for up to a year after the merge, as there’s an entry queue to stake which limits the number of validators that can go online per epoch, it may take more than 1 year with a full queue for the staking rate to go below 10%. The high yield will amplify the demand to buy ETH and further reduce the supply of liquid ETH (not all the ETH will be completely “locked” as protocols such as Lido allow for liquid staking).

-Another increase in demand will come from an increased confidence in the ETH community. As explained before, the Merge has been worked on for years (it’s the biggest upgrade ever done to a blockchain) and many critics think the Merge will never hit mainnet or will never work. If the Merge is implemented without issues, it will bring a big boost of confidence and narrative in ETH. Narratives are very important in the crypto industry, and the Merge is only the first big phase of the roadmap for ETH, a successful merge will be seen as a very bullish future, making many investors want to buy before other massive updates, like data shards which will improve scalability by multiple orders of magnitude.

-The last source of increased demand will be other narratives such as the energy reduction by switching to PoS, a reduction of 99.99% in the amount of energy used compared to PoW. NFTs get a lot of bad press due to the amount of energy used by PoW. Similarly ETH is widely hated by the gaming community due to the shortage of GPUs caused by miners.

​

​

The Merge won’t be a sell the news event

-Withdrawals won’t be available until the first update after the merge, there will be multiple months where 0 ETH from issuance will be able to be sold, temporarily eliminating most of the daily sell pressure.

-Funds will want to chase the high yields during the first months of PoS, millions of ETH will be bought and/or accumulated and sent to the staking contract.

-Biggest reduction in issuance there’s ever been combined with the biggest reduction in sell pressure, and the biggest increase in demand, it will create an unseen supply shock.

​

​

TLDR

Bitcoin halving = 50% reduction in issuance, reduction of the sell pressure, plus increase in demand to front run the opportunity of owning something that will become scarcer.

The Merge = will be orders of magnitude bigger due to 90% reduction in issuance and an even bigger reduction in sell pressure, a demand increase of millions of ETH during the first months to chase PoS yields, investors frontrunning the opportunity of ETH becoming a lot scarcer, useful and with a bullish narrative. All of this will be combined with no withdrawals during the first months and high volatility which will supercharge EIP 1559, burning hundreds of thousands of ETH while 0 can be sold from issuance. The Merge eliminates almost all the sell pressure ETH had under PoW and creates a very high demand for ETH in the long term, by transforming it into a yield generating asset.

Sorry to disappoint but I’m not qualified to give an accurate price prediction, however everyone should get ready for the biggest bullrun ETH has ever seen and a high chance of a flippening happening the first months after the Merge, which we will analyze in part 2. I haven’t forgotten about EIP 1559, L2s or other important upgrades such as data shards. I wanted to focus exclusively on the effects of the Merge in this first post, all aspects of Ethereum will be analyzed in part 2 (the flippening) and part 3 (Ethereum, the global settlement layer).

​

​

This has been my first post of many to come, I would appreciate any kind of feedback and a follow on Twitter https://twitter.com/TechMaximalist as I plan to interact a bit there in the future, don't worry all my long posts will be always posted to Reddit.


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Bitcoin Bull Market Set to Run and Run

​

https://preview.redd.it/51jzyjcknnv71.jpg?width=800&format=pjpg&auto=webp&s=21543c0115c4aa1c11d56984189fbec1b1117951

Bitcoin Bull Market Set to Run and Run

The Bitcoin price surge on October 20 brightened everyone's day because it broke through the previous all-time high (ATH) and reached $67,200! It’s at times like this that it’s a wonderful feeling to be a part of the cryptocurrency sector.

The main driver of this price rise was the SEC's approval of another Bitcoin ETF, which will began trading on Friday October 22. This ETF's ticker symbol was originally BTFD, which stands for "Buy The Fucking Dip"...As CoinDesk confirmed, “It will trade on Nasdaq under the ticker BTF on Nasdaq, despite short-lived plans to adopt the more meme-centric ticker BTFD.”

Musk also tweeted an image to celebrate the moment, which many people interpreted to mean “It's cool to lie down and make money!”

​

https://preview.redd.it/pgqalceqnnv71.png?width=627&format=png&auto=webp&s=22425d2be220fe22387397dfabfe3c66b1efa8f9

In addition, the voice of the opposition in El Salvador has vanished because of Bitcoin's rapid rise. According to media reports, President Booker's main opposition organization in El Salvador was disbanded today. After Booker declared Bitcoin to be the national legal tender, protesters destroyed the Bitcoin ATM machines. Douglas Rodriguez the country’s central bank president is quoted in Bloomberg as saying he expects Bitcoin’s notorious price volatility to help the economy expand more than the 9% the bank forecasts it will this year. Adoption of the cryptocurrency is a way for Salvadorans to access more payment methods in a nation where more than three-quarters of citizens are unbanked. Rodriquez called it a means of inclusion for those whom the financial industry deems too low-income or high-risk.

Bitcoin predicted to reach over $1000,000

In fact, Bitcoin's current price trend is still in line with the stock to flow model (S2F), which has become popular after ‘PlanB’ shared it with the crypto community. 

PlanB has also predicted Bitcoin's future price exceeds $100,000 by the end of 2021. “Due to the scarcity of Bitcoin, the S2F model depicts that Bitcoin has value. Prices will increase if the demand rises, but the supply will drop. The S2F model predicts that Bitcoin Will likely be worth $288,000 each coin by 2024. This prediction comes after the Bitcoin halvings in 2012 and 2016,” explained a recent article in Bitcoinik.

​

https://preview.redd.it/z4f79m7snnv71.png?width=626&format=png&auto=webp&s=3aebd4d4381b59c9d0080a98cba1229e7dc236e1

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Cardano Rumor Rundown October 25, 2021

Hey Everyone!

Let's go...

Newly covered today:

  1. Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
  2. Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
  3. The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
  4. There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
  5. Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34

Previously Covered but still interesting:

  1. 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/
  2. World Mobile has released a new video of towers going up in Zanzibar! https://www.youtube.com/watch?v=uoGx_hwupsc
  3. 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
  4. 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
  5. 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
  6. We just saw a record number of daily transactions on Cardano (Sept 7)! https://twitter.com/matiwinnetou/status/1435559731133825031
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. Over 100 smart contracts are already running on Cardano Mainnet! https://twitter.com/IOHKMedia/status/1437821632307994628
  14. 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
  15. 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
  16. Gary Gensler says that there are probably many tokens traded on Coinbase that are securities. https://youtu.be/XLc4c7vL3rM
  17. Looks like Cardano Summit segments are being recorded and completed. https://twitter.com/ch1bo_/status/1437803839319691271
  18. 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
  19. 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
  20. 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
  21. Cardano is still crushing it in terms of daily transaction volume. https://twitter.com/Eilert/status/1438521555638644746
  22. 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
  23. 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
  24. The weekly IOHK development update is out for Sept 17. https://twitter.com/InputOutputHK/status/1438921968590499843
  25. 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
  26. 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
  27. New IOHK blog entry on Hydra (Sept 17)! https://iohk.io/en/blog/posts/2021/09/17/hydra-cardano-s-solution-for-ultimate-scalability/
  28. It looks like we may get an announcement of a new Cardano/COTI product at the Summit. https://twitter.com/theCOTIinvestor/status/1439551052764925957
  29. We’re inching closer to the 500 votes required to name the lobster. https://twitter.com/Ada4Soil/status/1439745733079355394
  30. Here’s a great description from Sebastien on where ADA staking rewards come from. https://twitter.com/SebastienGllmt/status/1439542246764793857
  31. 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/
  32. Accusations of wash trading surface in the Cardano NFT scene. https://twitter.com/mintaCNFT/status/1439752114276904960
  33. 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
  34. DIGI tweets out a great infographic explaining how Hydra layer two solution works. https://twitter.com/DIGI_StakePool/status/1440322046869737482
  35. 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
  36. 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
  37. 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
  38. 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
  39. 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
  40. 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
  41. The Summit Agenda is now out. https://summit.cardano.org/agenda
  42. dcSpark’s new open source project Fracada will allow you to fractionalize NFTs. https://twitter.com/dcspark_io/status/1441043274911866880
  43. dcSpark has released Fracada which is an open source Plutus dApp for fractionalizing NFTs. https://twitter.com/SebastienGllmt/status/1443011920349462533
  44. The Wall Street Journal runs a Cardano 101 type video on their main youtube channel. https://www.youtube.com/watch?v=GBKnEZYCkTo
  45. 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
  46. 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
  47. The ecosystem map continues getting bigger and bigger (Sept 29). https://twitter.com/seal_kiman/status/1441418051237425153/photo/1
  48. dcSpark has dropped a new video explaining Fracada and the future of NFTs. https://www.youtube.com/watch?v=8FvKUlh7Fs8&t=4s
  49. 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
  50. 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
  51. 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
  52. 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
  53. 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
  54. 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
  55. 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
  56. 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
  57. 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
  58. 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
  59. 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/
  60. 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
  61. 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
  62. 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
  63. 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
  64. 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
  65. 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
  66. Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
  67. We now have a PAB (Plutus Application Backend) pre-release. Hopefully that means PAB soon! https://twitter.com/matiwinnetou/status/1446589902674665473
  68. 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
  69. 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
  70. 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
  71. 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
  72. 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
  73. 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
  74. 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
  75. 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
  76. COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
  77. Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
  78. Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
  79. 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
  80. 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
  81. The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
  82. SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
  83. The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
  84. Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
  85. Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
  86. Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
  87. Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
  88. The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
  89. We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
  90. Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
  91. A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
  92. Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
  93. The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
  94. Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
  95. In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
  96. Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
  97. There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
  98. People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
  99. Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
  100. IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229

~Army of Spies


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