Cardano Daily Discussion - November 26, 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).

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⚠️ 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):

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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!

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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 ⚠️

At least twice a year 🙃

https://i.redd.it/sxtg6ac9h72a1.jpg

Less then 72 hours till someone wins the first Bitcone Pizzas!

Hey fellow Cones and Cone enthusiast,

Just wanted to give another update on the Bitcone Pizza event!

For those who don’t know, I am recreating the first ever transaction in Bitcoin (two medium pizzas) but instead of taking Bitcoin, I’m accepting Bitcone, the REAL currency of the future.

The current highest bid on the Pizzas is 40 million Bitcones from user u/intocryptos.

finally, I’m setting the end date to a specific time (November 28th, 2022 at 7 PM, (GMT)) rather then depending on the post, this way everyone knows exactly with then event ends, so they may have enough time to get themselves a bid in for the Pizzas :)

As always, thank you to my fellow Cones (including fallen Cones) for their continued interest in this event!

How many times have you read the whitepaper? If none, why?

https://i.redd.it/sxtg6ac9h72a1.jpg

Today's Top #1: Binance SAFU Insurance Fund is 44% Backed by its Own Token

tldr; Binance’s emergency fund is 44% backed by BNB, which is directly affiliated with the exchange. The remainder is made up of BUSD and Bitcoin. The fund was created in 2018 to protect Binance users’ funds in the event of a catastrophe.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

https://www.reddit.com/r/CryptoCurrency/comments/z3yjal/binance_safu_insurance_fund_is_44_backed_by_its/