Friday, October 7, 2022

Cardano Daily Discussion - October 08, 2022

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

Do not be fooled!

To be clear:

⚠️ There is no such thing as a Cardano giveaway
⚠️ Never share your seed phrase with ANYONE
⚠️ Never send ADA to someone promising to send you more ADA back
⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

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Facebook commenter reveals identity of Satoshi. Can we end the stupid origin mythology now?

https://i.redd.it/j6mfxr60dhs91.jpg

$WAIT Hourglass | LP locked for 100 years | Renounced ownership | Community-driven | No tax | Partnership with NEFT Brands | Marketing is being rolled out

Welcome to Hourglass. We are here because while blockchain has the potential to transform the world for the better, in many cases it has resulted in just the opposite.

For too long now, this sacred space has been plagued by a virus — a virus that has allowed unethical projects to take money from the innocent and fill the pockets of the evil.

We are here to shock the paradigm.

As timekeepers of the Hourglass, we are here to bring back the power of a community that has each other’s back.

What is Hourglass?

The Hourglass vision was set in motion when one anonymous developer planted a seed with an inspiring message.

His message was “The community holds the Hourglass. For once, we can take power into our own hands.”

This message is backed by more than just talk.

It is locked in the very code of the ownership-renounced, 100-year liquidity-locked $WAIT token.

Who is working on Hourglass?

Now, people with like-minded views have embraced this vision by organizing, investing, promoting, and donating.

While the Hourglass was started by one person, it has now evolved to an entire decentralized team working on the development of an ambitious eco-system to grow awareness and adoption of the $WAIT token.

Who has already joined us? The young, the old, the workers, the artists, the musicians, the developers, the content creators, those who have “made it” and those who are struggling, all working together to build a better future.

Crypto should be fair for everyone. Sadly, many individual investors in crypto have left the space. They have been manipulated by people and entire projects who pretended to befriend them, only to dump on them and use them as exit liquidity.

We’re here to change this.

We now have big plans in motion to spread the power of the Hourglass.

We have united a team of artists, filmmakers, musicians, influencers, gamers, techies, and crypto educators. Together we are creating Hourglass-world-themed creative content and educational products. Much of the content will be available for the public to enjoy for free, which will also expand the presence of the Hourglass Foundation. We will use our combined business connections, expertise, and marketing reach to act as an incubator and blockchain “hype house” that creates content in-house and also collaborates with other projects in win-win partnerships.

Premium content will be for sale including Hourglass-lore-inspired NFTS that provide real world utility. It may also include comic books, merch, films, and video games. We also have members of our community actively developing educational blockchain-related dapps, news websites, and alpha groups. Proceeds from these projects will support the furthering of the $WAIT eco-system.

In the next few days we will start rolling out our marketing campaigns, for more details about that follow us on our social networks.

Partnership

NEFT Brands, a global conglomerate that owns a portfolio of premium alcohol brands, TV productions, live entertainment promotions, celebrity podcasts, apps, and media companies will partner with the decentralized community of Hourglass to facilitate growth and offer in-house resources. NEFT Brands and its subsidiary NEFT Entertainment have also purchased a stake in Hourglass and have pledged to be a liquidity provider for Hourglass’s token, $WAIT, with $100k in liquidity injected yesterday.

NEFT’s ultra-premium vodka has received multiple awards and accolades, including being a two-time winner of “Best Vodka” at the San Francisco World Spirits Competition.

NEFT’s entertainment productions includes the Roast Battle that takes place at the World Famous Comedy Store in Hollywood every Tuesday night. Special guests have included Jeffrey Ross, Dane Cook, Seth Green, Joe Rogan, and Annie Lederman. NEFT entertainment’s sister company produces podcasts, television productions, and live streaming content in-house including Roast Battle Podcast, and the podcast of NBA legend Byron Scott. They have begun working with Hourglass and Jett (one of the core-builders) on developing a crypto themed reality show.

The wide array of entertainment and experiential endeavors run by NEFT includes a project with George Steinbrenner and his Steinbrenner racing team which includes a partnership with Andretti Autosports.

“We believe in the power of blockchain and decentralized communities”, explained NEFT COO Eric Chapman. “We are very excited to be working with Hourglass.”

Security Audit

Hourglass $WAIT has passed a Smart Contract Security Audit conducted by industry leader InterFi Network. Hourglass achieved an outstanding rating of 9.1 out of 10. InterFi has audited more than 500k solidity code-lines on Binance, Ethereum, Cronos, Fantom, Avalanche, Polygon, Bitcoin Cash, Oasis, and Metis Smart Chains.

Interfi has also confirmed that Hourglass $WAIT’s ownership has been renounced, which completely eliminates risk factors that would be associated with projects with centralized privileges. Hourglass’ smart contract security audit is publicily viewable on the website.

NFT Collection Launch

The Hourglass Foundation is proud to announce we have chosen Moonclub to manage our exclusive HourglassX NFT Collection launch.

Moonclub is a renowned crypto marketing firm that has launched over 500 tokens and generated over $20 million in NFT collection sales. They have worked with the likes of Animoco Brands, Yield Guild Games, Jaxx, Upland, and Axie Infinity, among many others.

The HourglassX NFT Collection will consist of 888 Limited Edition NFTs. These NFTs provide ongoing utility in our ecosystem, support the Hourglass Foundation, and cement VIP membership into the Hourglass tribe.

HourglassX NFTs will grant you exclusive rewards including access to our alpha chats and virtual events and offer other benefits that at this time we will keep a mystery.

More exciting details on the HourGlassX NFT Collection launch and involvement from Moonclub will be announced in the coming days.

Website: https://www.hourglassx.com/

Contract (ETH): 0x2559813bbb508c4c79e9ccce4703bcb1f149edd7

What’s Next for Crypto: The Latest News, Market Update, Events, And More!

https://preview.redd.it/8d0udoanhds91.png?width=720&format=png&auto=webp&s=207964344e080913e697f3f60d77f130e47099d8

What do you do in times like this when the financial markets are stumbling along and economic data is gloomy? A good idea is to keep an eye on the underlying activity in the market by industry leaders.

Today, we delve into global businesses such as Apple, Uniswap, and even the United Arab Emirates (UAE) — which are developing blockchain applications to make sure they’re positioned well for the next crypto boom. Their long-term perspectives allow them to build immunity to short-term pressures. And it’s no different for personal investments.

Especially in times of economic storm, as investors, we must remember to concentrate on the fundamentals, be prepared to ride out market cycles, and remain confident that eventually, the clouds will clear.

Weekly highlights

At an NYU seminar, the chair of the Commodity Futures Trading Commission Rostin Behnam claimed that ‘Bitcoin might double in price if there’s a CFTC-regulated market.’ His remarks continue his push toward regulatory clarity for crypto markets.
The Reserve Bank of Australia’s white paper says that the country will start testing its digital dollar in mid-2023.
UK inflation continues to hit new highs, Eurozone soars to record 10% — GPD at record lows, EURO plummets under the gloomy economic outlook.

Bitcoin update

Bitcoin (BTC) saw relatively flat price action this week, opening the week at US$18,809. The price rallied 6.61% on Tuesday, pushing BTC above US$20,000 which momentarily brought the total crypto market above the US$1 trillion mark. However, the bears made their presence known, with BTC selling off over 8% the following day. BTC continued to slowly appreciate towards the end of the week, closing at US$19,200 for a modest 2.07% weekly gain.

https://preview.redd.it/woxkagsqhds91.png?width=714&format=png&auto=webp&s=d126c126904fbb081a7df42d6625e2fc1ac14668

Ethereum update

Ethereum (ETH) moved with BTC for the first half of the week, with a rally to a high of US$1,379 on Tuesday before selling off over 8% the following day. However, unlike BTC, it was unable to recover over the weekend and closed the week down 1.89% at US$1,276. This marked the third consecutive week of downwards price action since the Merge, Ethereum’s transition to a Proof-of-Stake (PoS) consensus mechanism.

https://preview.redd.it/80cykt0thds91.png?width=714&format=png&auto=webp&s=ab1631f27234df551af024ea90c796a7e9ea5bfc

Dacxi Specialist events

https://preview.redd.it/bfrtc7uvhds91.png?width=561&format=png&auto=webp&s=2a4e4ede8bf42d8314d25235662b5403d8955291

What is a Dacxi Specialist?

They’re our team of crypto-asset experts, carefully selected for their experience in helping everyday investors navigate crypto. Your Dacxi Specialist isn’t a financial advisor or a wealth coach. They’re a personal guide, here to answer your questions and demystify the world of crypto. Access to a Dacxi Specialist costs nothing and comes with no obligation.

Discover New Wealth: Australia Series

Welcome to the Discover New Wealth series! Join our specialists to learn practical strategies on how to build and grow your wealth in the new digital era — whatever stage of your journey you might be. Covering:

How crypto today compares with the early days of the internet
What you need to know about Crypto 4.0 and the cyclical evolution of new markets
How to best prepare yourself for the next bull run
How the Dacxi Chain is leading the crowdfunding revolution
And much more!

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$WAIT Hourglass | LP locked for 100 years | Renounced ownership | Community-driven | No tax | Partnership with NEFT Brands | Marketing is being rolled out

Welcome to Hourglass. We are here because while blockchain has the potential to transform the world for the better, in many cases it has resulted in just the opposite.

For too long now, this sacred space has been plagued by a virus — a virus that has allowed unethical projects to take money from the innocent and fill the pockets of the evil.

We are here to shock the paradigm.

As timekeepers of the Hourglass, we are here to bring back the power of a community that has each other’s back.

What is Hourglass?

The Hourglass vision was set in motion when one anonymous developer planted a seed with an inspiring message.

His message was “The community holds the Hourglass. For once, we can take power into our own hands.”

This message is backed by more than just talk.

It is locked in the very code of the ownership-renounced, 100-year liquidity-locked $WAIT token.

Who is working on Hourglass?

Now, people with like-minded views have embraced this vision by organizing, investing, promoting, and donating.

We’re here to change this.

We now have big plans in motion to spread the power of the Hourglass.

In the next few days we will start rolling out our marketing campaigns, for more details about that follow us on our social networks.

Partnership

NEFT’s ultra-premium vodka has received multiple awards and accolades, including being a two-time winner of “Best Vodka” at the San Francisco World Spirits Competition.

“We believe in the power of blockchain and decentralized communities”, explained NEFT COO Eric Chapman. “We are very excited to be working with Hourglass.”

Security Audit

NFT Collection Launch

The Hourglass Foundation is proud to announce we have chosen Moonclub to manage our exclusive HourglassX NFT Collection launch.

HourglassX NFTs will grant you exclusive rewards including access to our alpha chats and virtual events and offer other benefits that at this time we will keep a mystery.

More exciting details on the HourGlassX NFT Collection launch and involvement from Moonclub will be announced in the coming days.

Website: https://www.hourglassx.com/

Contract (ETH): 0x2559813bbb508c4c79e9ccce4703bcb1f149edd7

Cardano Rumor Rundown October 7, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

Pavia says it is putting in the work on completing the new map! https://twitter.com/Pavia_io/status/1578062289244233728
Welcome to Basho, friends: “One transaction distributed 16,164 ada to 217 holders for a fee of 0.78173 ada”. https://twitter.com/IOHK_Charles/status/1578031473436741633
NIDO is releasing his latest song and he says you can own part of the streaming royalties. https://twitter.com/OfficialNID0/status/1578128128328826912
Binance Smart Chain was “suspended” due to a “potential exploit”. https://twitter.com/BNBCHAIN/status/1578152039455916033
Pavia has released a roadmap through the end of 2023. https://twitter.com/Pavia_io/status/1577594191177302016
You can now drive around in your Bison moon vehicles in Carda Station. https://discord.com/channels/908827661504237599/909005782790586379
Reports are coming in that Celsius doxxed all of its users in a hearing filing? This followed reports that Celsius executives withdrew tens of millions of dollars shortly before the bankruptcy. https://twitter.com/LefterisJP/status/1578194883038232577 https://twitter.com/ForbesCrypto/status/1578173263036948480

Previously covered, but still interesting:

Charles has released a video on the energy and climate implications of crypto in the U.S. https://youtu.be/TEpC2PN2IGY
Reach is currently making the transition from Reach Metaverse 1.0 to Reach Explorer 2.0. https://twitter.com/ReachMetaverse/status/1568019464238628866
ADA Whale makes a very good point regarding VC money in Cardano. https://twitter.com/cardano_whale/status/1567872786504511488
The Carda Station Community Hub is now open. https://twitter.com/Carda_station/status/1567596291324010497
Reach metaverse has a new website. https://app.reachcloud.org/
There is a Cardano based social media platform launching. https://twitter.com/chain_lobby/status/1563599278874185734
Sooraj makes an interesting point about the number of delegators in Cardano compared to some competitors. https://twitter.com/Soorajksaju2/status/1568686884905447424
ADA Handle has released a thread about subHandles. https://twitter.com/adahandle/status/1568683214541299712
Joseph Delong has an interesting take on what 80% of crypto twitter is actually doing. https://twitter.com/josephdelong/status/1568626489066668042
Liquid has begun its audit of the Agora Governance contracts with Vacuum Labs. https://twitter.com/liqwidfinance/status/1569340260659625987
Reach has released info on the distribution of plots (eg. grass, beach, snow, etc.) in their metaverse. https://discord.com/channels/809466032237969460/926198215114625024
Virtua released Dev Update #2 which gave us a nice behind-the-scenes look at production in their studio. https://www.youtube.com/watch?v=awRbJKuOkJc
A lot of new Vasil upgrade readiness shown here. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade
Cardano is still crushing the competition in terms of active developers. https://medium.com/contora/new-leader-top-crypto-projects-by-technology-development-ccdc65c29ac9 https://twitter.com/Contora_/status/1569415298155008002
Here’s an interesting revelation about how Solana stores the block history (hint: google). https://twitter.com/MicheleHarmonic/status/1569368081507532802
Check out this demo of “Edendale” from Reach Metaverse. https://www.youtube.com/watch?v=vx8nhChvrIE
NMKR is introducing NFT licenses to delineate what you can and cannot do with NFTs. https://twitter.com/nmkr_io/status/1569566543763361793
P2P lending and borrowing is now live on AADA. https://twitter.com/AadaFinance/status/1569674268723630080
There’s a new video about the IOG Stanford Blockchain Research Hub. https://www.youtube.com/watch?v=Fi__9JDTPzY
The US August CPI inflation report (8.3%) was not loved by the markets. https://www.ft.com/content/96bb6e37-9116-47d9-98f3-5cee3e9c7c09 https://www.bls.gov/news.release/pdf/cpi.pdf
If you are going to Rare Bloom and haven’t booked your room yet, remember the hotel discount ends on September 24th. https://twitter.com/bigpeyYT/status/1569430504054603777
Only 8 days until Vasil!!!!
The U.S. national average on 30 year mortgages is now over 6%. You know what rising mortgage rates do to the demand side of that market? If you were an adult in 2007, you already know the effects the housing market can have on other markets. https://www.bankrate.com/mortgages/30-year-mortgage-rates/
The US Treasury is now saying it’s okay to publish the Tornado Cash code. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1076
There is an arrest warrant out for Terra Luna founder, Do Kwon. https://www.cnbc.com/2022/09/14/south-korea-court-issues-arrest-warrant-for-terraform-founder-do-kwon.html
Apparently Atala Prism is a part of some kind of “future digital infrastructure development” in Japan. Check out Project #8. https://twitter.com/sakepool_ada/status/1569969212617281536
There’s a free NMKR airdrop afoot. https://twitter.com/Padierfind/status/1570134774454554624
Cardano has struck a partnership with the Georgian National Wine Agency to provide a traceability solution for the nation’s wine production! https://twitter.com/CardanoStiftung/status/1570489271710289921 https://cardanofoundation.org/en/news/cardano-foundation-partners-with-georgian-national-wine-agency/
ADA Realm says it is going to launch its own marketplace in Q4. https://twitter.com/AdaRealm/status/1570480257454714880
Less than a day after the Merge, Ethereum users are starting to realize just how centralized ETH POS really is (whether you count Flashbots–who hard coded in the OFAC list–or not). https://twitter.com/santimentfeed/status/1570339602346684416
There’s a new Cardano Island AMA with some new details. https://blog.virtua.com/virtua-news/cardano-island-update-september-13-2022/
There’s an Eternl update coming out today (Sep 15) and it has a fiat onramp for ADA. https://twitter.com/eternlwallet/status/1570340765179715586
Senator Pat Toomey says that Gary Gensler owes the American people an explanation of how and why he intends to apply SEC regs to crypto. https://twitter.com/SenToomey/status/1570412249365319686
Maladex hints at something coming on the 28th of September. https://twitter.com/CardanoMaladex/status/1571469106569965569
Fidelity now has both a “Crypto ETF” and a “Metaverse ETF”. Neither one really seems to match the definition I would attach to that label. https://www.fidelity.com/etfs/different-types-of-etfs
The Vasil update proposal has been submitted to the chain! https://twitter.com/InputOutputHK/status/157155844597049753
Just the Metrics lays out a nice comparison between the proof-of-stake systems of Cardano & Ethereum. https://just-the-metrics-newsletter.beehiiv.com/p/special-issue-ethereum-pos-vs-cardano-staking-decentralization-compared
3D Kiwi now has regression based heatmaps to help estimate values. https://pavia.3dkiwi.io/heatmap_pred/pavia
EdnStuff posts a few interesting pie charts on holder concentration in Bitcoin, Cardano, Algorand, and Ethereum. https://twitter.com/EdnStuff/status/1570997096496627716
Do you want to see what a slap to the face of the SEC looks like? Here’s CFTC Commissioner Caroline D. Pham touring Ripple labs. https://twitter.com/CarolineDPham/status/1571911498619813890
Maladex says the surprise coming on the 28th is not the platform launch but something big. https://twitter.com/CardanoMaladex/status/1572002320808030211
Carda Station will be conducting a mint of three different types of vehicles that will be usable in their metaverse on Sep 25th. They have also unveiled their new website. https://discord.com/channels/908827661504237599/909005782790586379 https://www.cardastation.com/
Apparently there’s a thing called NMKR Games and they’re making a Web 3 MMORPG called Rogue Galaxies. https://www.nmkr.io/blog/rogue-galaxies
Colorado decided to let people pay their taxes in crypto via Paypal. Wyoming points out that it’s way more crypto to not even have state personal or business income tax. https://twitter.com/CaitlinLong_/status/1572237017169403904
Virtua’s land plot mint will go live today (Sep 21) for 12 hours at 4pm UTC. https://twitter.com/VirtuaMetaverse/status/1572260495377170435
Researchers including Dionysis Zindros propose a superlight client operating on proofs of proof-of-stake that will work in Cardano, Algorand, or Ethereum. https://arxiv.org/pdf/2209.08673.pdf https://twitter.com/dionyziz/status/1572068211465519108
Notable Cardano technical commentators have a discussion about the maximum number of outputs that are possible in a single Cardano transaction and the numbers are very impressive indeed. https://twitter.com/eternlwallet/status/1572234973012271105
Tim Harrison says we are now at 73% exchange readiness by liquidity for Vasil. https://twitter.com/timbharrison/status/1572286867143524353
It looks like we have an update on the Ethiopia project. https://twitter.com/IOHK_Charles/status/1573429932524462082
Alessandro reports he now has Lucid running entirely in JavaScript with no dependencies on the Haskell libraries. This is a huge step forward for our attack on the Ocean. Thank you from everyone, Alessandro! https://twitter.com/berry_ales/status/1573984225468059648
Here’s another great article from Cardanians on how Cardano protects itself from the equivalent of a 51% attack. https://cexplorer.io/article/how-cardano-protects-itself-from-51-attack
The terrible Ethereum proof-of-stake architecture was on full display on Friday as something like 20 validators apparently got slashed. https://twitter.com/terencechain/status/1573314347128201216 https://twitter.com/rom1_pellerin/status/1573729284941815809
It looks like rumors are afoot that BMW will announce the use of Cardano for proof-of-registration. Maybe partially confirmed by BMW in a now deleted tweet that was previously saved via screenshot. https://twitter.com/seenwasad/status/1574144652902555652
Charles dropped a video on how Cardano evolves into a Members Based Organization that is polyglot in terms of having multiple clients developed by different groups. https://twitter.com/IOHK_Charles/status/1574399808970035200
We now have the Virtua land claim schedule. It will happen over five days starting on September 30 5pm UTC. https://twitter.com/VirtuaMetaverse/status/1573387976503169025
It looks like Pavia is going to give us a roadmap update this week! https://twitter.com/Pavia_io/status/1574457288445906945
Indigo says it will make five proposals to the Indigo DAO as temperature checks over the next five weeks that will lay the groundwork for their launch. https://twitter.com/Indigo_protocol/status/1574402485703544835 https://indigoprotocol1.medium.com/the-indigo-dao-kickstart-campaign-3060a3c11dd9
The new MuesliSwap website is live as part of their move to MuesliSwap 2.0. Soon we will see the v2 liquidity pools and yield farming. https://twitter.com/MuesliSwapTeam/status/1573242054343536640
We also have some more detail on the Cardano Island map now. https://twitter.com/VirtuaMetaverse/status/1574530159499268112
Plutus 2.0 is now live! Plutus 2.0 is now live! https://twitter.com/InputOutputHK/status/1574879048698044416
There’s trouble in Catalyst land with a project getting gigantic funding on a proposal that some find surprising. The “Daedalus Turbo” project seems to be at the eye of the storm with even Charles making a video on it. https://twitter.com/CardanoMaladex/status/1574806140667318272 https://twitter.com/ravanave/status/1574887977284771847
The Big Maladex Announcement is going down today (September 28) at 9pm CET! https://twitter.com/CardanoMaladex/status/1574806140667318272
Cardano turned five years old today (September 27). https://twitter.com/InputOutputHK/status/1574830244044967961
FutureFest has an event happening on September 29th opening at 7pm Eastern. https://twitter.com/futurefestxr/status/1574534528193863680
Watch Charles straight destroy Ryan Selkis’s weak questions in this on-stage interview at Messari’s Mainnet conference. https://youtu.be/nJXoZhk_xA0
Adam Dean is releasing GateKeeper which is an open source tool to prove ownership of Cardano native assets at IRL events. Looks like a great way to manage Cardano event tickets. https://twitter.com/adamKDean/status/1574936617319510016
The CTFTC has served process on the entirety of a DAO. If someone doesn’t respond in the next 20 days or so, the CFTC may win default judgment against the DAO. This may affect how people perceive the “DAO as regulatory shield” concept. https://www.cftc.gov/PressRoom/PressReleases/8590-22 https://twitter.com/lex_node/status/1574903583132327951 https://github.com/LeXpunK-Army/Crypto-CaseLaw/tree/main/bZx%20DAO%20Case
Maladex has arrived and it has been rebranded as AXO. AXO’s programmable swaps are a whole different level in trading platform mechanics. You haven’t seen this before. https://www.axo.trade
REACH is giving us a sneak peek at their metaverse lands which go on sale for condo owners on September 30th. https://twitter.com/ReachMetaverse/status/1575303742324445189
Virtua drops a video on how to grab a parcel in the land claim event in the coming days. https://youtu.be/vmK9JjbSDJE
Virtua has released a more detailed schedule for the land claim event. https://twitter.com/VirtuaMetaverse/status/1575545948389879808
It looks like MuesliSwap is experiencing a 10x space savings at half the cost on transactions since Vasil. https://twitter.com/IOHK_Charles/status/1575506087390105603
The Reach Land Event for Condo Owners starts tomorrow at 10am EST. https://twitter.com/ReachMetaverse/status/1575519744475779072
EUTXO.org v2 will show us the crazy “transactions per transactions” capabilities of Cardano. https://twitter.com/oravecpeter/status/1575253289473609741
Looks like the Emurgo Cardano Pool Party in Singapore for Token2049 went off well. https://www.instagram.com/stories/emurgo_io/2938040734586369927/
Don’t forget that FutureFest’s Yummi Island event will be continuing today (Sept. 30). https://twitter.com/YummiUniverse/status/1574534283213131776
Virtua released a new Cardano Island Map Guide. https://youtu.be/YvXrl5-C1b8
Looks like Ardana has open sourced all of its repositories. https://twitter.com/astroboysoup/status/1576358599994982400
Looks like Spy Village in Virtua’s Cardano Island is shaping up nicely with lots of plots already claimed. https://twitter.com/VirtuaMetaverse/status/1576643408822927360
Shocker! Solana experienced another outage. Meanwhile, Cardano is running smoothly like usual. https://twitter.com/SolanaStatus/status/1576010340248084481
The rest of crypto is noticing the giant reduction in Cardano transaction fees and blockspace used in the post-Vasil era. https://twitter.com/michaelwrub/status/1576587335613157377
Summon Platform will enable fee-less voting on Cardano this month. https://twitter.com/Welikethetrees/status/157660277653610905
Charles drops the most detailed and comprehensive look at Basho Cardano’s ever seen. https://www.youtube.com/watch?v=fhVo-2QUjLM
World Mobile has partnered with Immunify Life. https://twitter.com/WorldMobileTeam/status/1576953985973592065
The Eternl fiat on-ramp is now live with a “Buy ADA” button directly in the wallet. https://twitter.com/eternlwallet/status/1576939519290769409
The SEC has charged Kim Kardashian with failing to disclose that she was paid to promote a crypto project. She is settling the charges by paying a $1.26 million fine. https://www.sec.gov/news/press-release/2022-183
Here’s one transaction that moved 77 assets in a few seconds for about 12 cents. Cardano is an amazing network! https://twitter.com/OfficialNID0/status/157672148878665318
The court has ruled that the CFTC can serve the Ooki DAO members via forum post and help chat box. https://www.coindesk.com/policy/2022/10/03/court-rules-cftc-legally-served-ooki-dao-through-help-bot/
It looks like the first live event in Pavia Plaza will be end of this month (October) or in early November! https://twitter.com/Pavia_io/status/1577211404251066369
The Ethereum community is debating whether Ethereum is really Ethereum anymore. Time for Cardano to shine. https://twitter.com/Delphi_Digital/status/1577327981281923073 https://twitter.com/lex_node/status/1577356275872055301
There’s a new documentary coming out this week on the founding of Coinbase. I think this will do a lot to humanize Brian Armstrong for the crypto community. https://youtu.be/OXK5XKSxD1E
The Virtua Cardano Island land claim event kicked off its final stage today. It looks like the map has filled out very nicely! https://claim.virtua.com/
Governance is heating up in Cardano. The Indigo DAO Constitution Temperature Check has begun. https://forum.indigoprotocol.io/t/proposal-for-indigo-dao-constitution/11110
Here’s a new source of information on Cardano dApps and how much activity they are servicing. https://dappsoncardano.com/ https://twitter.com/matiwinnetou/status/1577389413889458177
MuesliSwap v2 is launching today (October 5th). https://twitter.com/MuesliSwapTeam/status/1577381317401903104
MuesliSwap v2 (a hybrid DEX) has launched with orderbooks connected to liquidity pools. https://muesliswap.com/earn/liquidity
Liqwid has its peer-to-pool borrowing and lending function live on Cardano’s preview testnet. https://twitter.com/liqwidfinance/status/1577725510343626753
Ethereum is realizing that there is a distinct possibility that policy makers & regulators will view MEV as “frontrunning/fraud”. https://twitter.com/BillHughesDC/status/1577728940881448993 https://www.iosco.org/library/pubdocs/pdf/IOSCOPD699.pdf
Japanese Prime Minister Fumio Kishida has announced his “New Capitalism” plan to revitalize the Japanese economy and it involves Japan investing in Web 3.0 services that utilize NFTs and the metaverse. https://www.kantei.go.jp/jp/101_kishida/statement/2022/1003shoshinhyomei.html
According to mevwatch.info, 29.98% of all blocks in Ethereum are currently censored and 87% of MEV Boost relayed blocks are censored (October 5 2022). http://mevwatch.info

~Army of Spies

Reason why R-18 version matters (to KR)

Throwaway because I aint for the hell of me going to get blasted from MGTOW incels and Feminazis screaming down my inbox on my main account.

I know some of you are probably sick of KR drama but the game is made by Nexon Games, and whether you like it or not, the KR community probably has the most influence on the game (I'd say on par with JP). And its clear that KR users are the main customer base Nexon Gaming caters to for obvious reasons (player base, revenue, practicality of public promotions, obvious lack of language barrier to name a few).

Blue Archive is one of only two recent Nexon title that had commercial success and its the only one that was acclaimed both critically and commercially (The other game being HIT2, a Lineage clone that came out this year - it didnt do so well critically but was smashing hit commercially). And believe it or not Nexon actually cares a lot about its image within South Korea (SK) and SK gamers. (2014 article about how Nexon started its G-Star - Korean E3 - presentation with "we want to shed our image of being greedy: https://m.thisisgame.com/webzine/nboard/12/?n=56946). So yeah, imo Nexon, not just Nexon (NAT) Games, cares a lot about KR players and public opinion of Blue Archive.

The other related post on this subreddit was pretty good with the timeline, but poor in explaining why this is a big deal to KR players. Don't get me wrong, it started with a pissing contest between misogynists and misandrist and part of it is still about that. But there are real implications of this decision that will definitely affect KR players and might bleed over to global.

One other thing I want to get straight is that DCinside (DC) and Archivelive (AL) communities of Blue Archive are not part of BA community within SK, they are the communities for BA in SK. Frankly even Archivelive pales in comparison with respect to size and activity of DCInside (it does have its audience and cross-membership due to R-18/NSFW posts being prohibited in DC while allowed on AL). Also note that DC and AL are exactly like reddit, its lots of different communities about different subjects bounded together as single websites. So when I'm talking about DC and AL, Im talking about the BA gallery and BA channel of these websites, respectively.

So unfortunately, its not really weebs being caught in crossfire of pissing contest between two gendered hate parties. The main BA community within SK is one of them - they have incel tendencies and traits to begin with. And while other non-otaku/otaku related communities might not be so 'incel-ly' in comparison, most male-dominated online space in SK are at the very least anti-feminists (I'm excluding 'public non-anonymous sns' like Instagram when I say this). I'm not excusing or supporting any of this, I am simply explaining to you what internet space is like in SK. Gender conflict is extremely high and worrysome. It is, and has been, causing shit ton of issues online and off-line.

I just want to clear few more things before I get to what I really want to talk about:

While it is speculated that PRSK (a gacha rhythm game) drama is one of the main reason why coordinated mass reporting to GRAC (ESRB equivalent in SK) from hygall (feminist online community within KR) took place, BA communities within DC and AL had nothing to do with PRSK. As I've said, there are many communities within DC and AL, and the whole situation didnt need to involve Blue Archive to begin with
It is archived that coordinated reporting to GRAC from hygall took place, targeting few subculture games. These include Blue Archive, Girls Frontline, ArKnights and Fate Grand Order (https://archive.ph/ZphWa - Archived coordination post from hygall, dated Sept 25, 2022). This is important as it shows that hygall indiscriminately attacked four main subculture games KR gamers enjoy, and that it was not about some beef between BA community and PRSK community, such beef never existed before all this.
In fact, it is only a speculation that PRSK drama prompted hygall's mass reporting, and even if it did, PRSK had nothing to do with BA communities (and other game communities) within DC. It was really more of infighting between genders within the PRSK communities. So BA communities were completely blindsided when they were struck with 18+ rating news
Right now, mods of BA gallery within DC is removing any 'hot' posts that only mention hygall or are misogynistic focused. (https://gall.dcinside.com/mgallery/board/view/?id=projectmx&no=3564074&exception_mode=recommend&page=6; https://gall.dcinside.com/mgallery/board/view/?id=projectmx&no=3563697&exception_mode=recommend&search_pos=-3552428&s_type=search_subject_memo&s_keyword=.EC.97.AC.ED.98.90&page=1) the main focus of the community shifted solely to dealing with GRAC and trying to get them to revoke their decision. Yes individual members of the community tried to mass report some other 'female-audience oriented' gacha game, and tried and successfully shut down hygall (we don't yet know if this is temporary or permanent) but these sort of actions are now discouraged as they were deemed to dilute the main focus. So things are way past 'gendered pissing-contest' right now.

So finally to the main question, why does 18+ rating matter? There are several reasons why its a big deal to KR:

As I mentioned above, Blue Archive has done several public promotions within SK, during its launch and several others for later events. Heres a imgur gallery of few of these promotions: https://imgur.com/a/Smwxki1
- The main worry regarding 18+ rating is its implication on such public promotions. There are conflicting sides to this worry. Some say because the game will be split to 'Teen' and '18+', they can do public promotions for the Teen version. Some say association with 18+ rating will just prohibit all public promotions.
- One thing for sure is that Blue Archive has been a target of coordinated online/offline attacks, as mentioned above, and '18+ game advertising in public space' is going to be a silver bullet thats hard to ignore within South Korean culture space.
There's actual legal implications in SK
- One of SK's criminal law focuses on sexual exploitation of minors
- 99% of this specific law is universally praised. The controversial 1% clause defines sexual exploitation as "a person or expression that can be clearly recognized as a child or juvenile appearance"
- As it included 'expression' as means of exploitation, the law defines the word as "a product in the form of a film, video product, game product, or an image or video through a computer or other communication medium that expresses the contents."
- There were lots of discussions regarding whether or not this law can be used to persecute any fictional work, 2d or 3d. One of the common belief around this law is that it can be applied to any medium that feature school uniforms, regardless of whether or not the featured actors are fictional or real, and regardless of actors actual age.
- Although it is not widely known, this specific criminal law has not once extended to fictional 2D media, and no sentencing has been made for any consumers of 2D material with respect to this specific law, up to 2021 (distribution is a different story because distributing pornography is a criminal offense in SK).
- And many would disagree that Blue Archive is explicitly sexual to begin with, and thus would think this law would not apply to BA at all. However, the GRAC has stated that the 'smoking gun' for 18+ rating for Blue Archive was the Swimsuit Izumi L2D memorial, which they have described as 'sexual'.
- There's also the problem of media attention of '18+ game that features characters in school uniform' due to this criminal law, and fear of mass reporting by outside parties. There were posts in hygall, before it was shut down, pledging to mass report the game and its users under the criminal law mentioned above after 18+ version of the game is launched.
- While I said there were no recorded criminal sentencing, people have been arrested for possession of 2d fictional material that were reported a violation of the law. Even if its not going to stick, you'd understand why some KR users would want to quit the game all together over this
- Also INAL, so my claim that this law would not be used to criminally persecute KR user in SK is based on like one wiki page. I am certainly not going to encourage any KR users not to worry and keep playing because I think the law probably, maybe, I dont fucking know, won't affect them.
Korean gamers hate the GRAC to begin with
- the GRAC is notorious for having no employee actually play the games they rate. 9 out of 10 high ranking officials within the department have no experience in gaming industry or even as a gamer
- the GRAC is a government department within SK, while the equivalent in other countries are self-regulatory groups (like the ESRB). Attach this with the point above, leads on to KR gamers in general thinking the department is waste of tax payer dollars
- GRAC had several sexual molestation scandals way back in 2013~2014 (https://www.gamemeca.com/view.php?gid=508557), while it is long time ago, its not the best thing to come out of a group judging whether or not a game is 'sexually appropriate'
- There was a scandal in 2020 that claimed GRAC was attempting to ban all games that they did not rate from Steam Marketplace (which would be like 99% of all games on Steam). While GRAC explained that this was a misunderstanding of GRAC attempt to communicate with Steam regarding future game rating, a lot of gamers are skeptical and believe GRAC had backdown after a huge backlash.
- One of the employees of GRAC was caught mining bitcoin using office computer recently (https://www.techm.kr/news/articleView.html?idxno=102031, article dated Oct 4, 2022), not too important but sort of hints to the group's incompetent nature
Some hate the fact that the game is getting 18+ rating and splitting to begin with
- The games not a well-oiled-machine by any means today, with just one app client. But now Nexon Games has to support two. Looking at how much maintenance it needed just updating pyroxene shop recently. The two client system doesnt look too promising.
- There's worry that splitting up the team to support two separate apps will hinder future development of the game. If true, this will affect all global servers as well as JP.
- Some people just hate the game they are playing is changing due to outside influence.
- Some people just hate censorship.

For all of us global folks, the public promotion thing will be small if not at all an issue. The actual 18+ rating itself would not matter, as our versions will remain at current rating.

But the implication of the criminal law mentioned and pledged mass reporting could spark into trouble with KR server operations. The criminal law and the fact that GRAC pointed SIzumi L2D as 'sexual' may very well influence Nexons Game to further censor or restrict their future content, even within the 18+ version. It may shake the very foundation of the game as it would be impossible to revise the game away from its school focus. Again, whether or not the criminal law would actually stick and the laws influence in SK public discourse are two separate things, and INAL, I am probably wrong.

And even if you care for none of these issues, like I said, the game is jumble of buggy mess right now, imagine what it'll be when Nexon Games has to support two versions of the game.

Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains

https://ifttt.com/images/no\_image\_card.png

In the past two days, Bitcoin triumphantly hit the critical level of $20K. This sudden push from the primary crypto asset was after hovering between $18K and $24K regions for some months. But following the effects of some macroeconomic factors, the price of BTC was rounding the $19K region.

This year has been the toughest for crypto assets and other financial instruments. But the struggle to remain valuable is seemingly paying off as most coins are currently regaining loss values. Even though the Feds are still hawkish, the market is gradually moving towards a bullish sentiment.

However, the bullish trend in the broader crypto market is spreading gradually. The leading crypto kept its position strongly despite the bears struggling to take over.

The appearance of the bulls has deterred further decline for BTC. Other cryptocurrencies are taking to the north, with Ethereum Name Service (ENS) emerging as the top performer.

With the new movement of prices, the cumulative market cap has hit $964.91 billion, indicating a surge of 0.70% over the past 24 hours. The overall implication of events shows a slight improvement in the trend compared to yesterday and last week. However, the broader crypto market sentiment still has elements of fear.

Bitcoin Consolidates The $20K Level After hitting the critical level of $20,000 a few days ago, Bitcoin is currently displaying its sustainability. The asset has defended its stance on the level and also made an impressive consolidation. This was noted in the early trading hours of September 6, as the price of BTC reached $20,200.

It’s worth noting that the bears tried to pull down the price of Bitcoin yesterday as the token recorded $19,730 on Binance. Remaining at the critical level is the only chance for the leading crypto to make further uptrend.

At the time of writing, Bitcoin is hovering around $19,862 depicting a loss. Its market cap has reached over $386.2 billion, while its dominance over altcoins is at 40.04%.

Bitcoin depicts a loss on the chart l BTCUSDT on Tradingview.com Altcoins Are Calm, While ENS Surged The price movement for the altcoins show calmness, with a minimal drop for a few tokens. Most of the assets have consolidated their reclaims in the past day.

But the Ethereum Name Service’s coin, ENS is taking the lead with an almost 11% increase in today’s early hours trading. At the press time, ENS is trading at $16.91. EVMOS is closely following. Recall that EVMOS was the worst crypto asset in price performance as of yesterday. For Ripple (XRP), it seems to be a time of strength with progressive performance.

Featured image from Forbes, chart from TradingView.com

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Reason why R-18 version matters (to KR)

Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains