Wednesday, 11th January 2022

The Daily Spin. Web3 Wednesday Edition. Bitcoin fundamentals remain strong despite a rocky year. 2022 actually lost 61% less than 2021 by way of hacks and exploits. Binance accepts over $12 billion in withdrawals in the last 60 days. Nonetheless, Bitcoin starts to see green and shorts take the brunt of liquidations. Cam Winklevoss is calling for Barry Silbert to resign from the reins at DCG. Bankrupt miner Core Scientific showed a 5% increase in production, but is currently being investigated for fraud by the SEC. Coinbase laysoff nearly a thousand employees. Houbi Korea splits away from Huobi Global. Curve pool is down 90% year over year, now standing at $600 million TVL. Flare dumps 83% after its two year delayed airdrop. Nigeria central bank moves to regulate stablecoins and ICOs; France’s AMF Chair announces support for mandatory cryptocurrency licensing. TL section on Tether, Peter Zeihan, Algorand and more… here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the new year with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

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Ongoings at Coinweb

Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform
https://twitter.com/CoinwebOfficial/status/1610610603412041728?s=20&t=ujtXi4IDhi6jFT7zbOZ8DA

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw

Toby’s Presentation at CryptoExpo Thailand, Oct 8
https://www.youtube.com/watch?v=FfUdcHFMXHg

Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336

Latest Video Release: Liquidity Pools Explained (Part I) (4mins)
https://youtu.be/Z5byW7OOMP8

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

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On the Radar

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

Coinweb’s 1st Event in Collaboration with Offchain Sydney, Jan 18 (Sydney)
https://coinweb.io/events/the-1st-event-of-23-coinweb-x-offchain/
https://offchain.social/events/january-18-2023-sydney/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)

Blockchain Life 2023, Feb 27-28 (Dubai)

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On the Block(chain)

Bitcoin fundamentals remain unchanged despite the significant events in 2022
https://cryptoslate.com/research-bitcoin-fundamentals-remain-unchanged-despite-the-significant-events-in-2022/

Shorters get spanked as Bitcoin 2023 revival unfolds
https://cryptoslate.com/shorters-get-spanked-as-bitcoin-2023-revival-unfolds/

Cameron Winklevoss calls for immediate removal of Barry Silbert as DCG CEO
https://cryptoslate.com/cameron-winklevoss-calls-for-immediate-removal-of-barry-silbert-as-dcg-ceo/

Sources claim FTX investigation could exhaust the SDNY court
https://cryptoslate.com/sources-claim-ftx-investigation-could-exhaust-the-sdny-court/

Binance sees $12B withdrawn in 60 days
https://cryptoslate.com/binance-sees-12b-withdrawn-in-60-days/

Cryptosphere lost 61% less to hacks in 2022 vs 2021
https://cryptoslate.com/cryptosphere-lost-61-less-to-hacks-in-2022-vs-2021/

Godfather malware targets crypto, banking apps (Android users beware)
https://cryptoslate.com/godfather-malware-targets-crypto-banking-apps/

Bankrupt miner Core Scientific Bitcoin production rose 5% in December
https://cryptoslate.com/bankrupt-miner-core-scientific-bitcoin-production-rose-5-in-december/

Core Scientific under investigation over securities fraud
https://cryptoslate.com/core-scientific-under-investigation-over-securities-fraud/

BlockFi promises breakdown of finances as bankruptcy hearing proceeds
https://cryptoslate.com/blockfi-promises-breakdown-of-finances-as-bankruptcy-hearing-proceeds/

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Competitive Landscape

Metropolitan Bank to abandon crypto asset related vertical
https://cryptoslate.com/metropolitan-bank-to-abandon-crypto-asset-related-vertical/

Huobi Korea to become an independent entity, breaking ties with Huobi Global
https://cryptoslate.com/huobi-korea-to-become-an-independent-entity-breaking-ties-with-huobi-global/

Osprey Funds is operating with less than 10 employees after layoffs
https://cryptoslate.com/osprey-funds-is-operating-with-less-than-10-employees-after-layoffs/

Flare crashes 83% following two-year delayed airdrop
https://cryptoslate.com/flare-crashes-83-following-two-year-delayed-airdrop/

Coinbase lays off 950 employees
https://cryptoslate.com/coinbase-lays-off-950-employees/

Curve 3pool liquidity down 90% YOY to $600M
https://cryptoslate.com/curve-3pool-liquidity-down-90-to-600m-yoy/

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World

Mango Markets exploiter faces new set of charges from the CFTC
https://cryptoslate.com/mango-markets-exploiter-faces-new-set-of-charges-from-the-cftc/

Nigerian central bank moves to regulate Stablecoins and ICOs
https://cryptoslate.com/nigerias-central-bank-moves-to-regulate-stablecoins-and-icos/

France’s AMF president announces support for mandatory crypto licensing
https://cryptoslate.com/frances-amf-president-announces-support-for-mandatory-crypto-licensing/

SBF inner circle continues disintegrating as Nishad Singh becomes latest to seek plea deal
https://cryptoslate.com/ex-sbf-associate-nishad-singh-is-looking-for-a-plea-deal/

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Thought Leadership

Op-ed: What happens to Tether, stablecoins in the event of dollar collapse?
https://cryptoslate.com/op-ed-what-happens-to-tether-stablecoins-in-the-event-of-dollar-collapse/

Bitcoiners are seething at Peter Zeihan’s interview on Joe Rogan podcast
https://cryptoslate.com/the-crypto-world-is-seething-at-peter-zeihans-interview-on-joe-rogan-podcast/

Biggest Narratives for 2023 by Alpha Hunt
https://open.substack.com/pub/alphahunt/p/19-ah-weekly?r=1ivajd&utm_medium=ios&utm_campaign=post

SlateCast #45: Algorand Foundation insights on the future and fundamentals of cryptocurrencies (38mins)
https://cryptoslate.com/videos/algorand-foundation-insights-on-the-future-and-fundamentals-of-cryptocurrencies-slatecast-45/

Token Utility - Make It Something People Want
https://medium.com/use-co-create/token-utility-make-it-something-people-want-c20e5e294577

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https://preview.redd.it/p4wnapur4dba1.png?width=828&format=png&auto=webp&v=enabled&s=32e715f5c7aa168a583930f42090d5098c0456c6

DGTA tokens can be traded in by users of Digitra for a variety of other services

DGTA tokens can be traded in by users of Digitra for a variety of other services. Tokens issued by the DGTA are not regarded as securities by the organization. To gain access to Digitra, DGTA tokens are necessary. Purchasing DGTA tokens will not grant you any voting or administrative privileges on Digitra. In the event that unanticipated events take place, the DGTA project and token attributes that are stated in this whitepaper may be amended or eliminated. In the United States, the sale of DGTA tokens is prohibited by Digitra. DGTA tokens are not usable by US residents, businesses, or workers in any capacity. It is possible that DGTA tokens and services are banned in a number of jurisdictions.

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#DIGITRA #ICO #CRYPTO #BITCOIN

Pennystocks are back - MULN, CENN, MARA, PRTY ??

Hey guys,

Hope everyone is having a great start to the year.

I've been watching a lot of different stocks, and my friend and I have been discussing the possibility that pennystocks are back. My main reason for thinking this, now, is because of PRTY going up 117% today and going up another 32% after hours.

The last time I read about Party City, they were filing for bankruptcy. Which is obviously a very bullish sign for a stock? lmao

My Positions and Why

https://preview.redd.it/ba30hbr25cba1.png?width=799&format=png&auto=webp&v=enabled&s=bea19444907522d8fda84bef4900c248e34aaa8a

MARA is the stock that I bought in 2020 for $0.80 and then it went up to $83. They mine bitcoin and when bitcoin goes up, this stonk goes up. I'll try to hold this long term.

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CENN

https://preview.redd.it/xn18om0t5cba1.png?width=1815&format=png&auto=webp&v=enabled&s=219dc7c864102694549b216a4dc164dc7cb6385a

As you can see, it's bounced 68% from it's lows. It's also making bullish consolidation patterns. This is an easy trade for me because the stop loss and take profit are pretty clear to me. I'm taking a small risk here and I'll exit if the stock starts creating bearish engulfing candles or other bearish patterns. Perhaps the 'altcoins' of EV will have a great year this year.

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MULN

https://preview.redd.it/387bolby6cba1.png?width=1807&format=png&auto=webp&v=enabled&s=ac01ce9de34d3509c5af5d7e7367c606936c6a34

This chart is looking really good to me. It looks like it's about to moonshot up above $0.50 somewhere. My stop loss is probably too tight, and my take profit might be too conservative, but I think there's a lot of potential for this stock to move up. I'll never go all in until they complete that reverse split though.

I don't own any PARTY CITY, but I'm definitely watching it for some juicy day trades now.

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TQQQ is just a bullish market position. Idk how long, but it looks like the market wants to ride into tendie town.

Let me know your bullish or bearish sentiments on these stocks. I mainly focus on the charts so I'm curious if you guys know of any upcoming news events that could be catalysts.

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Cheers bros.

Technology and how we as Catholics should move forward

I'll start by saying I am a Catholic which I guess would be obvious. Also I am a Catholic that has a love hate relationship with technology. Specifically digital technology. Bitcoin becoming one of my new love hate tech. And phones being my second. Technology was first introduced to us when Adam and Eve sinned. God had used skin from a animal to make them clothing. When they sinned they and us as a result started falling to are inevitable death. We are now vulnerable and naked. Easy to hurt and kill. Weak and powerless in the wilderness. So we started making things. Seems logical, what else are we to do? But as history has shown the more we event the more trouble we get into. The more we learn the more we fear. Space has probably been the one thing to drive us insane. The more we learn and discover the more we feel powerless to the never ending space with it's big black holes that eat everything including light itself. Meteors that can come our direction at any point. Solar flares that could fry us up if the sun was feeling bitter towards us. And the inevitable destruction of all galaxies by black holes. This drives us insane. We are scared. We are vulnerable. What are we to do? Elon musk the most popular billionaire of our times is sometimes looked at as a savior. He will get us to Mars and we will be an interplanetary species. We will escape this corrupt earth that is doomed for destruction. But is this what will happen? Elon Musk is spending billions trying to escape a planet that we were made on by God. Wars, drugs, sexual immorality, the poor, disease, famine, and whatever else evil is out there and we are looking to leave the planet instead of fixing it. Reminds me of the story of the moat in the eye. Or Jordan Peterson's famous clean your room then change the world. Or in this case fix the Earth then worry about other planets. Or hell maybe if we fix the Earth we won't have to leave. What is it we are moving towards? Heaven on earth or another tower of babel? We have no unified vision yet we are creating and doing more and more things. We are running with no aim at where we are going. We are creating without even knowing what we are trying to fix. We barely even look into the future anymore. What are we doing? And what should we be doing? Nuclear bombs is definitely our most dangerous modern creation. It wields the power to fight off evil but can be used to destroy us all. What's worse is there is no doing away with it. It's here to stay as the leaders can use it to their advantage. But why was it created? We were naked and afraid. But now what? We are even more naked and afraid. We tried to protect ourselves only to fall deeper into the pit. And now it's one of our biggest threats today with the ongoing Russia ukraine war. Digital technology seems to either be our best invention or the fulfilment of the ubermensch (which thing I hate). It allows us to communicate instantly around the world. It gives us all the knowledge we could want. It captivates us with forms of entertainment that we can consume whenever we want. And more recently with the invention of Bitcoin it allows us to free ourselves of tyrannical governments. But all this comes at a cost just like all other technologies. We are more antisocial. We use our brains way less than what we should. No longer is it "let me think about that" it's now "let me Google it". It's no more "Good morning neighbor!" It's now either a text or a social media post. Instead of asking for directions and learning map reading it's Google maps. Instead of owning your entertainment it's renting it from which ever company is offering it. And now with cbdc's it's no longer your money but the governments it's coming from. That is unless you start to use Bitcoin but that's for another post. To sum up the reason for this post which if I had more time would be way way longer. I don't know where we are heading. I don't know how I should even view our current technologies. We are living in confusing times. What are we to do? How are we supposed to live as Catholics in this technological world? Is this what God wanted? Should the world look like this or more like the world of Middle Earth? What are we to think of living on other planets? So many questions and more are popping up as we continue to make. I'm confused and getting more confused each day.

Bitcoin Island Retreat, Boracay Philippines

pouch.ph/retreat2023 for the schedule

pouch.ph/bitcoinisland for information of getting to and staying on the island.

https://www.youtube.com/watch?v=7yz2Uxood5o to see a typical bitcoin only stay

Bitcoin Island, Boracay Philippines is holding a retreat convention March 27-29th.

Bitcoin Island has 250 businesses that accept bitcoin, we challenge you to come to the event and never use pesos.

This is an unconventional convention. We think that the most important things at a convention happen in the small groups that form in the hallways of the events. We are focusing on making that happen.

Attendees will get to meet everyone in a "speed-dating" type introduction at the start of the event. We think that there are ten people at most events you want to really connect with and if you are lucky you meet two of them.

This event will fix that.

lnd.service: Failed with result 'exit-code'

Following Minibolt and finally made it to setting up LND. Whenever I try to start lnd i get the following errors:

Jan 10 19:17:25 badmoon lnd[428523]: 2023-01-10 19:17:25.875 [INF] CHDB: Checking for schema update: latest_version=29, db_version=29

Jan 10 19:17:25 badmoon lnd[428523]: 2023-01-10 19:17:25.875 [INF] CHDB: Checking for optional update: prune_revocation_log=false, db_version=empty

Jan 10 19:17:25 badmoon lnd[428523]: 2023-01-10 19:17:25.877 [INF] LTND: Database(s) now open (time_to_open=6.342433ms)!

Jan 10 19:17:25 badmoon lnd[428523]: 2023-01-10 19:17:25.877 [INF] LTND: Attempting automatic wallet unlock with password provided in file

Jan 10 19:17:26 badmoon lnd[428523]: 2023-01-10 19:17:26.592 [INF] LNWL: Opened wallet

Jan 10 19:17:26 badmoon lnd[428523]: 2023-01-10 19:17:26.641 [INF] CHRE: Primary chain is set to: bitcoin

Jan 10 19:17:26 badmoon lnd[428523]: 2023-01-10 19:17:26.655 [ERR] LTND: unable to create partial chain control: unable to subscribe for zmq block events: dial tcp 127.0.0.1:28332: connect: connection refused

Jan 10 19:17:26 badmoon lnd[428523]: 2023-01-10 19:17:26.655 [ERR] LTND: Shutting down because error in main method: error creating wallet config: unable to create partial chain control: unable to subscribe for zmq block events: dial tcp 127.0.0.1:28332: connect: connection refused

Jan 10 19:17:26 badmoon lnd[428523]: 2023-01-10 19:17:26.655 [INF] LTND: Shutdown complete

Jan 10 19:17:26 badmoon lnd[428523]: error creating wallet config: unable to create partial chain control: unable to subscribe for zmq block events: dial tcp 127.0.0.1:28332: connect: connection refused

Jan 10 19:17:26 badmoon systemd[1]: lnd.service: Main process exited, code=exited, status=1/FAILURE

Jan 10 19:17:26 badmoon systemd[1]: lnd.service: Failed with result 'exit-code'.

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Now, I did initially have my lnd wallet password set and inadvertently entered the wrong (non-matching) password in the password.txt file. I have since disabled/stopped lnd and corrected the password in password.txt so they match. I think there is a problem there, even though I stopped/started lnd.

Any suggestions on how to correct the errors above? Do I need to re-install LND and set up a new wallet? Or, might there be other issues?

Thanks

B